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COHR vs. IONQ: Coherent vs. IonQ Stock Comparison

How do Coherent (COHR) 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

Coherent (COHR) and IonQ (IONQ) both fall under the Technology Hardware & Equipment industry group, but COHR is classified in Electronic Equipment, Instruments & Components while IONQ is classified in Technology Hardware, Storage & Peripherals.

Coherent (COHR) has more than two decades of public-market history since October 2, 1987, whereas IonQ (IONQ) listed on January 4, 2021 and has a much shorter record to draw on.

Company profile comparison for Coherent (COHR) and IonQ (IONQ)
Profile ItemCOHRIONQ
NameCoherent Corp.IonQ, Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentTechnology Hardware & Equipment
GICS IndustryElectronic Equipment, Instruments & ComponentsTechnology Hardware, Storage & Peripherals
GICS Sub-IndustryElectronic ComponentsTechnology Hardware, Storage & Peripherals
Market Capitalization37.98 billion USD15.16 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateOctober 2, 1987January 4, 2021
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

COHR
IONQ
GSPC
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Coherent (COHR) vs. IonQ (IONQ), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Coherent (COHR) and IonQ (IONQ). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Coherent (COHR) and IonQ (IONQ). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
Total Return (1Y)48.11%-40.10%
Total Return (3Y, Annualized)90.06%46.76%
Total Return (5Y, Annualized)28.94%9.52%

Risk Profile

Drawdown History

COHR
IONQ
GSPC
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Coherent (COHR) vs. IonQ (IONQ), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Coherent (COHR) and IonQ (IONQ). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
Volatility (1Y, Annualized)91.27%94.72%
Beta (5Y)2.193.33
Max Drawdown (5Y)-62.87%-90.00%
Avg. Volume (3M)7.56M22.02M

Risk-Adjusted Performance

Risk-Return Positioning

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COHR and IONQ are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
Sharpe Ratio (1Y)0.48-0.47
Sortino Ratio (1Y)0.70-0.74

Profitability

ROE (TTM)

Both Coherent (COHR) at 9.27% and IonQ (IONQ) at 6.90% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

COHR

Technology Hardware & Equipment industry group

9.27%

Max
42.47%
Q3
19.13%
Median
11.00%
COHR
9.27%
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%
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

IonQ (IONQ) at 67.09% keeps the most of each sales dollar — above its industry’s net margin range — and Coherent (COHR) at 12.18% also retains a top-quartile share.

COHR

Technology Hardware & Equipment industry group

12.18%

Max
27.60%
COHR
12.18%
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%
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their net margin against the Technology Hardware & Equipment industry group benchmark.

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 Coherent (COHR) reports 16.30%, ranking against industry peers normally.

COHR

Technology Hardware & Equipment industry group

16.30%

Max
36.27%
Q3
18.36%
COHR
16.30%
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%
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
ROE (TTM)9.27%6.90%
ROA (TTM)3.99%-12.60%
Net Margin (TTM)12.18%67.09%
Operating Margin (TTM)16.30%-249.14%
Gross Margin (TTM)38.16%24.67%

Growth

Revenue Growth

IonQ (IONQ) at 201.85% clears its industry range for revenue growth, far stronger top-line momentum than Coherent (COHR) at 22.51%, which is closer to a typical peer reading.

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Coherent (COHR) vs. IonQ (IONQ): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither Coherent (COHR) nor IonQ (IONQ) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Growth metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
Revenue Growth (YoY)22.51%201.85%
Revenue Growth (3Y CAGR)11.32%126.89%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Coherent (COHR) at 2.29 keeps current ratio within its industry’s typical mid-range, while IonQ (IONQ) at 4.24 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

COHR

Technology Hardware & Equipment industry group

2.29

Max
5.34
Q3
3.02
COHR
2.29
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
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their current ratio against the Technology Hardware & Equipment industry group benchmark.

Debt / Equity (MRQ)

IonQ (IONQ) at 0.01 keeps leverage in the lower industry quartile, while Coherent (COHR) at 0.37 runs a more typical debt-to-equity mix.

COHR

Technology Hardware & Equipment industry group

0.37

Max
1.76
Q3
0.78
COHR
0.37
Median
0.24
Q1
0.04
Min
0.01

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
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their debt-to-equity ratio against the Technology Hardware & Equipment industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
Current Ratio (MRQ)2.294.24
Debt / Equity (MRQ)0.370.01
Net Debt / EBITDA1.56--

Dividends

Dividend Yield (TTM)

Neither Coherent (COHR) nor IonQ (IONQ) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max
0.73%
Q3
0.31%
COHR
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%
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Coherent (COHR) nor IonQ (IONQ) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

COHR

Technology Hardware & Equipment industry group

0.00%

Max
32.27%
Q3
14.48%
COHR
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%
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
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 Coherent (COHR) at 39.92 is closer to its industry’s usual earnings multiple — a discount for IONQ, though growth and earnings durability still matter.

COHR

Technology Hardware & Equipment industry group

39.92

Max
69.48
Q3
41.02
COHR
39.92
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
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Coherent (COHR) at 4.80 prices around its industry’s typical P/S ratio, while IonQ (IONQ) at 39.84 clears its benchmark range — IONQ looks notably rich on sales.

COHR

Technology Hardware & Equipment industry group

4.80

Max
11.30
Q3
5.82
COHR
4.80
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
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

On P/B ratio, both Coherent (COHR) at 3.35 and IonQ (IONQ) at 2.67 are valued close to their industries’ norm against book — neither stands out from peers.

COHR

Technology Hardware & Equipment industry group

3.35

Max
10.75
Q3
5.52
COHR
3.35
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
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Coherent (COHR) vs. IonQ (IONQ): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for Coherent (COHR) and IonQ (IONQ)
MetricCOHRIONQ
P/E Ratio (TTM)39.9218.86
P/S Ratio (TTM)4.8039.84
P/B Ratio (MRQ)3.352.67
Free Cash Flow Yield (TTM)-4.44%-2.81%