ALAB vs. IONQ: A Head-to-Head Stock Comparison

Updated on July 7, 2025

Here’s a clear look at ALAB and IONQ, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Overview

ALAB’s market capitalization stands at 14.97 billion USD, while IONQ’s is 11.61 billion USD, indicating their market valuations are broadly comparable.

IONQ carries a higher beta at 2.59, indicating it’s more sensitive to market moves, while ALAB (beta: 1.40) exhibits greater stability.

Symbol	ALAB	IONQ
Company Name	Astera Labs, Inc. Common Stock	IonQ, Inc.
Country	US	US
Sector	Technology	Technology
Industry	Semiconductors	Computer Hardware
CEO	Jitendra Mohan	Niccolo Mcleod de Masi
Price	90.8 USD	44.39 USD
Market Cap	14.97 billion USD	11.61 billion USD
Beta	1.40	2.59
Exchange	NASDAQ	NYSE
IPO Date	March 20, 2024	January 4, 2021
ADR	No	No

Historical Performance

This chart compares the performance of ALAB and IONQ by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.

Data is adjusted for dividends and splits.

ALAB vs. IONQ: Growth of a $10,000 investment over the past one year.

Profitability

Return on Equity

ALAB

4.43%

Semiconductors Industry

Max: 41.84%
Q3: 15.81%
Median: 6.31%
Q1: -5.54%
Min: -30.12%

ALAB’s Return on Equity of 4.43% is on par with the norm for the Semiconductors industry, indicating its profitability relative to shareholder equity is typical for the sector.

IONQ

-63.35%

Computer Hardware Industry

Max: 123.03%
Q3: 15.78%
Median: -13.44%
Q1: -119.16%
Min: -227.95%

IONQ has a negative Return on Equity of -63.35%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

ALAB vs. IONQ: A comparison of their ROE against their respective Semiconductors and Computer Hardware industry benchmarks.

Return on Invested Capital

ALAB

-4.25%

Semiconductors Industry

Max: 30.91%
Q3: 11.34%
Median: 4.08%
Q1: -2.17%
Min: -19.59%

ALAB has a negative Return on Invested Capital of -4.25%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

IONQ

-31.70%

Computer Hardware Industry

Max: 30.37%
Q3: 20.44%
Median: 7.03%
Q1: -12.47%
Min: -31.70%

IONQ has a negative Return on Invested Capital of -31.70%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.

ALAB vs. IONQ: A comparison of their ROIC against their respective Semiconductors and Computer Hardware industry benchmarks.

Net Profit Margin

ALAB

8.44%

Semiconductors Industry

Max: 51.69%
Q3: 19.67%
Median: 8.56%
Q1: -5.44%
Min: -38.60%

ALAB’s Net Profit Margin of 8.44% is aligned with the median group of its peers in the Semiconductors industry. This indicates its ability to convert revenue into profit is typical for the sector.

IONQ

-753.20%

Computer Hardware Industry

Max: 40.72%
Q3: 10.87%
Median: 4.33%
Q1: -378.64%
Min: -753.20%

IONQ has a negative Net Profit Margin of -753.20%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

ALAB vs. IONQ: A comparison of their Net Profit Margin against their respective Semiconductors and Computer Hardware industry benchmarks.

Operating Profit Margin

ALAB

-4.45%

Semiconductors Industry

Max: 58.03%
Q3: 22.12%
Median: 8.40%
Q1: -3.73%
Min: -36.14%

ALAB has a negative Operating Profit Margin of -4.45%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

IONQ

-592.84%

Computer Hardware Industry

Max: 42.27%
Q3: 13.53%
Median: 4.56%
Q1: -295.01%
Min: -592.84%

IONQ has a negative Operating Profit Margin of -592.84%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

ALAB vs. IONQ: A comparison of their Operating Margin against their respective Semiconductors and Computer Hardware industry benchmarks.

Profitability at a Glance

Symbol	ALAB	IONQ
Return on Equity (TTM)	4.43%	-63.35%
Return on Assets (TTM)	3.69%	-38.15%
Return on Invested Capital (TTM)	-4.25%	-31.70%
Net Profit Margin (TTM)	8.44%	-753.20%
Operating Profit Margin (TTM)	-4.45%	-592.84%
Gross Profit Margin (TTM)	75.76%	50.07%

Financial Strength

Current Ratio

ALAB

13.92

Semiconductors Industry

Max: 9.10
Q3: 5.23
Median: 3.09
Q1: 2.49
Min: 1.02

ALAB’s Current Ratio of 13.92 is exceptionally high, placing it well outside the typical range for the Semiconductors industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

IONQ

13.17

Computer Hardware Industry

Max: 20.73
Q3: 11.54
Median: 2.69
Q1: 1.40
Min: 0.73

IONQ’s Current Ratio of 13.17 is in the upper quartile for the Computer Hardware industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

ALAB vs. IONQ: A comparison of their Current Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Debt-to-Equity Ratio

ALAB

Semiconductors Industry

Max: 0.97
Q3: 0.46
Median: 0.21
Q1: 0.05
Min: 0.00

Debt-to-Equity Ratio data for ALAB is currently unavailable.

IONQ

0.02

Computer Hardware Industry

Max: 1.36
Q3: 0.67
Median: 0.04
Q1: 0.03
Min: 0.00

Falling into the lower quartile for the Computer Hardware industry, IONQ’s Debt-to-Equity Ratio of 0.02 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.

ALAB vs. IONQ: A comparison of their D/E Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Interest Coverage Ratio

ALAB

Semiconductors Industry

Max: 36.25
Q3: 29.12
Median: 7.01
Q1: -1.22
Min: -18.18

Interest Coverage Ratio data for ALAB is currently unavailable.

IONQ

Computer Hardware Industry

Max: 32.50
Q3: 21.85
Median: 4.98
Q1: -7.71
Min: -34.24

Interest Coverage Ratio data for IONQ is currently unavailable.

ALAB vs. IONQ: A comparison of their Interest Coverage against their respective Semiconductors and Computer Hardware industry benchmarks.

Financial Strength at a Glance

Symbol	ALAB	IONQ
Current Ratio (TTM)	13.92	13.17
Quick Ratio (TTM)	13.26	12.67
Debt-to-Equity Ratio (TTM)	--	0.02
Debt-to-Asset Ratio (TTM)	--	0.02
Net Debt-to-EBITDA Ratio (TTM)	4.76	0.61
Interest Coverage Ratio (TTM)	--	--

Growth

The following charts compare key year-over-year (YoY) growth metrics for ALAB and IONQ. These metrics are based on the companies’ annual financial reports.

Revenue Growth

ALAB vs. IONQ: A comparison of their annual year-over-year Revenue Growth.

Earnings Per Share (EPS) Growth

ALAB vs. IONQ: A comparison of their annual year-over-year Earnings Per Share (EPS) Growth.

Free Cash Flow Growth

ALAB vs. IONQ: A comparison of their annual year-over-year Free Cash Flow Growth.

Dividend

Dividend Yield

ALAB

0.00%

Semiconductors Industry

Max: 6.48%
Q3: 0.93%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ALAB currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

IONQ

0.00%

Computer Hardware Industry

Max: 9.24%
Q3: 1.58%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IONQ currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ALAB vs. IONQ: A comparison of their Dividend Yield against their respective Semiconductors and Computer Hardware industry benchmarks.

Dividend Payout Ratio

ALAB

0.00%

Semiconductors Industry

Max: 204.29%
Q3: 31.85%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ALAB has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

IONQ

-0.01%

Computer Hardware Industry

Max: 193.79%
Q3: 30.72%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IONQ has a negative Dividend Payout Ratio of -0.01%. This typically means the company paid a dividend despite reporting a net loss, a situation that may signal financial instability.

ALAB vs. IONQ: A comparison of their Payout Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Dividend at a Glance

Symbol	ALAB	IONQ
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	-0.01%

Valuation

Price-to-Earnings Ratio

ALAB

357.98

Semiconductors Industry

Max: 86.15
Q3: 47.38
Median: 27.87
Q1: 18.89
Min: 4.73

At 357.98, ALAB’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Semiconductors industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

IONQ

-31.31

Computer Hardware Industry

Max: 24.60
Q3: 24.01
Median: 20.31
Q1: 18.24
Min: 13.38

IONQ has a negative P/E Ratio of -31.31. This occurs when a company has negative earnings (a net loss), making the ratio unsuitable for valuation analysis.

ALAB vs. IONQ: A comparison of their P/E Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Forward P/E to Growth Ratio

ALAB

10.80

Semiconductors Industry

Max: 4.73
Q3: 2.80
Median: 1.11
Q1: 0.68
Min: 0.01

The Forward PEG Ratio is often not a primary valuation metric in the Semiconductors industry.

IONQ

13.67

Computer Hardware Industry

Max: 9.77
Q3: 5.18
Median: 1.77
Q1: 1.17
Min: 0.02

The Forward PEG Ratio is often not a primary valuation metric in the Computer Hardware industry.

ALAB vs. IONQ: A comparison of their Forward PEG Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Price-to-Sales Ratio

ALAB

30.53

Semiconductors Industry

Max: 21.96
Q3: 10.21
Median: 4.45
Q1: 2.32
Min: 0.48

With a P/S Ratio of 30.53, ALAB trades at a valuation that eclipses even the highest in the Semiconductors industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

IONQ

269.73

Computer Hardware Industry

Max: 57.61
Q3: 47.40
Median: 3.37
Q1: 1.56
Min: 0.43

With a P/S Ratio of 269.73, IONQ trades at a valuation that eclipses even the highest in the Computer Hardware industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

ALAB vs. IONQ: A comparison of their P/S Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Price-to-Book Ratio

ALAB

14.23

Semiconductors Industry

Max: 13.12
Q3: 6.49
Median: 3.31
Q1: 1.74
Min: 0.23

At 14.23, ALAB’s P/B Ratio is at an extreme premium to the Semiconductors industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

IONQ

13.27

Computer Hardware Industry

Max: 21.21
Q3: 14.71
Median: 9.28
Q1: 3.74
Min: 0.43

IONQ’s P/B Ratio of 13.27 is within the conventional range for the Computer Hardware industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ALAB vs. IONQ: A comparison of their P/B Ratio against their respective Semiconductors and Computer Hardware industry benchmarks.

Valuation at a Glance

Symbol	ALAB	IONQ
Price-to-Earnings Ratio (P/E, TTM)	357.98	-31.31
Forward PEG Ratio (TTM)	10.80	13.67
Price-to-Sales Ratio (P/S, TTM)	30.53	269.73
Price-to-Book Ratio (P/B, TTM)	14.23	13.27
Price-to-Free Cash Flow Ratio (P/FCF, TTM)	138.44	-59.29
EV-to-EBITDA (TTM)	-820.32	-49.02
EV-to-Sales (TTM)	30.35	266.43