ANET vs. IONQ: Arista Networks vs. IonQ Stock Comparison
How do Arista Networks (ANET) and IonQ (IONQ) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Arista Networks (ANET) and IonQ (IONQ) both fall under the Technology Hardware & Equipment industry group, but ANET is classified in Communications Equipment while IONQ is classified in Technology Hardware, Storage & Peripherals.
| Profile Item | ANET | IONQ |
|---|---|---|
| Name | Arista Networks Inc. | IonQ, Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Technology Hardware & Equipment | Technology Hardware & Equipment |
| GICS Industry | Communications Equipment | Technology Hardware, Storage & Peripherals |
| GICS Sub-Industry | Communications Equipment | Technology Hardware, Storage & Peripherals |
| Market Capitalization | 215.79 billion USD | 15.16 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 6, 2014 | January 4, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Total Return (1Y) | 38.40% | -40.10% |
| Total Return (3Y, Annualized) | 52.15% | 46.76% |
| Total Return (5Y, Annualized) | 41.19% | 9.52% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Volatility (1Y, Annualized) | 56.66% | 94.72% |
| Beta (5Y) | 1.60 | 3.33 |
| Max Drawdown (5Y) | -50.42% | -90.00% |
| Avg. Volume (3M) | 6.09M | 22.02M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Sharpe Ratio (1Y) | 0.60 | -0.47 |
| Sortino Ratio (1Y) | 0.87 | -0.74 |
Profitability
ROE (TTM)
Arista Networks (ANET) at 33.52% sits in the top ROE quartile, while IonQ (IONQ) at 6.90% is closer to the peer norm — stronger capital efficiency for ANET.
ANET
Technology Hardware & Equipment industry group
33.52%
- Max
- 42.47%
- ANET
- 33.52%
- Q3
- 19.13%
- Median
- 11.00%
- Q1
- 1.63%
- Min
- -20.62%
IONQ
Technology Hardware & Equipment industry group
6.90%
- Max
- 42.47%
- Q3
- 19.13%
- Median
- 11.00%
- IONQ
- 6.90%
- Q1
- 1.63%
- Min
- -20.62%
Net Margin (TTM)
Both Arista Networks (ANET) at 39.97% and IonQ (IONQ) at 67.09% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.
ANET
Technology Hardware & Equipment industry group
39.97%
- ANET
- 39.97%
- Max
- 27.60%
- Q3
- 11.66%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
IONQ
Technology Hardware & Equipment industry group
67.09%
- IONQ
- 67.09%
- Max
- 27.60%
- Q3
- 11.66%
- Median
- 4.08%
- Q1
- 0.00%
- Min
- -11.02%
Operating Margin (TTM)
IonQ (IONQ) reports a negative operating margin of -249.14%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Arista Networks (ANET) reports 44.90%, ranking against industry peers normally.
ANET
Technology Hardware & Equipment industry group
44.90%
- ANET
- 44.90%
- Max
- 36.27%
- Q3
- 18.36%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
IONQ
Technology Hardware & Equipment industry group
-249.14%
- Max
- 36.27%
- Q3
- 18.36%
- Median
- 8.84%
- Q1
- 1.46%
- Min
- -21.39%
- IONQ
- -249.14%
Profitability Metrics
| Metric | ANET | IONQ |
|---|---|---|
| ROE (TTM) | 33.52% | 6.90% |
| ROA (TTM) | 15.04% | -12.60% |
| Net Margin (TTM) | 39.97% | 67.09% |
| Operating Margin (TTM) | 44.90% | -249.14% |
| Gross Margin (TTM) | 62.88% | 24.67% |
Growth
Revenue Growth
Both companies are growing quickly, but IonQ (IONQ) at 201.85% is the standout with revenue growth above its industry range; Arista Networks (ANET) at 28.60% also sits in the top quartile.
EPS Growth
Only one side can be read here: Arista Networks (ANET) reports EPS growth of 23.32%, ranked against its industry; IonQ (IONQ) has no EPS growth figure this period.
Growth Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Revenue Growth (YoY) | 28.60% | 201.85% |
| Revenue Growth (3Y CAGR) | 27.15% | 126.89% |
| EPS Growth (YoY) | 23.32% | -- |
| EPS Growth (3Y CAGR) | 37.08% | -- |
Financial Strength
Current Ratio (MRQ)
Both Arista Networks (ANET) at 3.29 and IonQ (IONQ) at 4.24 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
ANET
Technology Hardware & Equipment industry group
3.29
- Max
- 5.34
- ANET
- 3.29
- Q3
- 3.02
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
IONQ
Technology Hardware & Equipment industry group
4.24
- Max
- 5.34
- IONQ
- 4.24
- Q3
- 3.02
- Median
- 1.95
- Q1
- 1.32
- Min
- 0.17
Debt / Equity (MRQ)
Only one side’s leverage can be read here: IonQ (IONQ) carries debt-to-equity ratio of 0.01 against its industry range, while Arista Networks (ANET) reports no figure this period.
ANET
Technology Hardware & Equipment industry group
--
- Max
- 1.76
- Q3
- 0.78
- Median
- 0.24
- Q1
- 0.04
- Min
- 0.01
- ANET
- --
IONQ
Technology Hardware & Equipment industry group
0.01
- Max
- 1.76
- Q3
- 0.78
- Median
- 0.24
- Q1
- 0.04
- IONQ
- 0.01
- Min
- 0.01
Financial Strength Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Current Ratio (MRQ) | 3.29 | 4.24 |
| Debt / Equity (MRQ) | -- | 0.01 |
| Net Debt / EBITDA | -2.71 | -- |
Dividends
Dividend Yield (TTM)
Neither Arista Networks (ANET) nor IonQ (IONQ) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
ANET
Technology Hardware & Equipment industry group
0.00%
- Max
- 0.73%
- Q3
- 0.31%
- ANET
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
IONQ
Technology Hardware & Equipment industry group
0.00%
- Max
- 0.73%
- Q3
- 0.31%
- IONQ
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Arista Networks (ANET) nor IonQ (IONQ) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
ANET
Technology Hardware & Equipment industry group
0.00%
- Max
- 32.27%
- Q3
- 14.48%
- ANET
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
IONQ
Technology Hardware & Equipment industry group
0.00%
- Max
- 32.27%
- Q3
- 14.48%
- IONQ
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | ANET | IONQ |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
IonQ (IONQ) at 18.86 sits in the cheaper P/E ratio quartile, while Arista Networks (ANET) at 45.79 sits in the richer quartile — a clear split in what investors pay for each dollar of trailing earnings.
ANET
Technology Hardware & Equipment industry group
45.79
- Max
- 69.48
- ANET
- 45.79
- Q3
- 41.02
- Median
- 26.39
- Q1
- 19.36
- Min
- 6.07
IONQ
Technology Hardware & Equipment industry group
18.86
- Max
- 69.48
- Q3
- 41.02
- Median
- 26.39
- Q1
- 19.36
- IONQ
- 18.86
- Min
- 6.07
P/S Ratio (TTM)
Investors are paying well above the peer range per dollar of sales for both Arista Networks (ANET) at 18.15 and IonQ (IONQ) at 39.84 — each P/S ratio clears its industry’s benchmark range.
ANET
Technology Hardware & Equipment industry group
18.15
- ANET
- 18.15
- Max
- 11.30
- Q3
- 5.82
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
IONQ
Technology Hardware & Equipment industry group
39.84
- IONQ
- 39.84
- Max
- 11.30
- Q3
- 5.82
- Median
- 2.56
- Q1
- 1.05
- Min
- 0.00
P/B Ratio (MRQ)
IonQ (IONQ) at 2.67 sits near its industry’s typical P/B ratio, while Arista Networks (ANET) at 13.12 prices above its benchmark range — ANET looks rich relative to book.
ANET
Technology Hardware & Equipment industry group
13.12
- ANET
- 13.12
- Max
- 10.75
- Q3
- 5.52
- Median
- 3.17
- Q1
- 1.79
- Min
- 0.33
IONQ
Technology Hardware & Equipment industry group
2.67
- Max
- 10.75
- Q3
- 5.52
- Median
- 3.17
- IONQ
- 2.67
- Q1
- 1.79
- Min
- 0.33
Valuation Metrics
| Metric | ANET | IONQ |
|---|---|---|
| P/E Ratio (TTM) | 45.79 | 18.86 |
| P/S Ratio (TTM) | 18.15 | 39.84 |
| P/B Ratio (MRQ) | 13.12 | 2.67 |
| Free Cash Flow Yield (TTM) | 1.39% | -2.81% |