IBM vs. QBTS: IBM vs. D-Wave Quantum Stock Comparison

Company Profile

IBM (IBM) and D-Wave Quantum (QBTS) both fall under the Software & Services industry group, but IBM is classified in IT Services while QBTS is classified in Software.

IBM (IBM) is a mega-cap company at 231.55 billion USD, while D-Wave Quantum (QBTS) is mid-cap at 4.05 billion USD — a noticeably different scale category that can shape how their valuation multiples are read.

IBM (IBM) has more than two decades of public-market history since January 2, 1962, whereas D-Wave Quantum (QBTS) listed on December 11, 2020 and has a much shorter record to draw on.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

D-Wave Quantum (QBTS) carries a highly aggressive beta of 2.31, indicating much higher sensitivity to broad-market moves, whereas IBM (IBM) is closer to market-like at 0.79 — a noticeable difference in market-sensitivity profile.

Risk-Adjusted Performance

Risk-Return Positioning

Risk-Adjusted Metrics

Profitability

D-Wave Quantum (QBTS) reports a negative ROE of -27.99%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile IBM (IBM) reports 34.77%, ranking against industry peers normally.

IBM (IBM) at 15.99% retains a top-quartile share of revenue as profit, ahead of D-Wave Quantum (QBTS) at 0.00%, which keeps about the industry-typical share.

D-Wave Quantum (QBTS) reports a negative operating margin of -1,732.06%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile IBM (IBM) reports 16.97%, ranking against industry peers normally.

Profitability Metrics

Growth

D-Wave Quantum (QBTS) at 178.54% clears its industry range for revenue growth, far stronger top-line momentum than IBM (IBM) at 7.62%, which is closer to a typical peer reading.

Only one side can be read here: IBM (IBM) reports EPS growth of 73.72%, ranked against its industry; D-Wave Quantum (QBTS) has no EPS growth figure this period.

Growth Metrics

Financial Strength

D-Wave Quantum (QBTS) at 20.55 carries current ratio above its industry’s typical mid-range, while IBM (IBM) at 0.86 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

D-Wave Quantum (QBTS) at 0.04 keeps leverage in the lower quartile, while IBM (IBM) at 1.85 sits in the higher-leverage quartile.

Financial Strength Metrics

Dividends

D-Wave Quantum (QBTS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile IBM (IBM) reports a yield of 2.73%, ranking against industry peers normally.

D-Wave Quantum (QBTS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile IBM (IBM) reports a payout of 57.51%, ranking against industry peers normally.

Dividend Metrics

Valuation

An earnings multiple is available for just one side: IBM (IBM) trades at 20.90 times trailing earnings, ranked against its peers, while D-Wave Quantum (QBTS) has no P/E ratio this period.

IBM (IBM) at 3.31 prices around its industry’s typical P/S ratio, while D-Wave Quantum (QBTS) at 326.31 clears its benchmark range — QBTS looks notably rich on sales.

On P/B ratio, both IBM (IBM) at 6.52 and D-Wave Quantum (QBTS) at 3.67 are valued close to their industries’ norm against book — neither stands out from peers.

Valuation Metrics