IONQ vs. KEYS: IonQ vs. Keysight Stock Comparison

November 11, 2026

How do IonQ (IONQ) and Keysight (KEYS) 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

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

Company profile comparison for IonQ (IONQ) and Keysight (KEYS)
Profile Item	IONQ	KEYS
Name	IonQ, Inc.	Keysight Technologies, Inc.
Country/Region	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry Group	Technology Hardware & Equipment	Technology Hardware & Equipment
GICS Industry	Technology Hardware, Storage & Peripherals	Electronic Equipment, Instruments & Components
GICS Sub-Industry	Technology Hardware, Storage & Peripherals	Electronic Equipment & Instruments
Market Capitalization	15.16 billion USD	46.33 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	January 4, 2021	October 20, 2014
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

IONQ

KEYS

GSPC

IonQ (IONQ) vs. Keysight (KEYS), 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 IonQ (IONQ) and Keysight (KEYS). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
Total Return (1Y)	-40.10%	59.88%
Total Return (3Y, Annualized)	46.76%	33.36%
Total Return (5Y, Annualized)	9.52%	9.24%

Risk Profile

Drawdown History

IONQ

KEYS

GSPC

IonQ (IONQ) vs. Keysight (KEYS), 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 IonQ (IONQ) and Keysight (KEYS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

IonQ (IONQ) carries a highly aggressive beta of 3.33, indicating much higher sensitivity to broad-market moves, whereas Keysight (KEYS) is closer to market-like at 1.22 — a noticeable difference in market-sensitivity profile.

Risk profile metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
Volatility (1Y, Annualized)	94.72%	47.95%
Beta (5Y)	3.33	1.22
Max Drawdown (5Y)	-90.00%	-42.62%
Avg. Volume (3M)	22.02M	1.31M

Risk-Adjusted Performance

Risk-Return Positioning

IONQ and KEYS 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 IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
Sharpe Ratio (1Y)	-0.47	1.16
Sortino Ratio (1Y)	-0.74	1.82

Profitability

ROE (TTM)

Keysight (KEYS) at 20.90% sits in the top ROE quartile, while IonQ (IONQ) at 6.90% is closer to the peer norm — stronger capital efficiency for KEYS.

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%

KEYS

Technology Hardware & Equipment industry group

20.90%

Max: 42.47%
KEYS: 20.90%
Q3: 19.13%
Median: 11.00%
Q1: 1.63%
Min: -20.62%

IonQ (IONQ) vs. Keysight (KEYS): 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 Keysight (KEYS) at 19.14% also retains a top-quartile share.

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%

KEYS

Technology Hardware & Equipment industry group

19.14%

Max: 27.60%
KEYS: 19.14%
Q3: 11.66%
Median: 4.08%
Q1: 0.00%
Min: -11.02%

IonQ (IONQ) vs. Keysight (KEYS): 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 Keysight (KEYS) reports 25.68%, ranking against industry peers normally.

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%

KEYS

Technology Hardware & Equipment industry group

25.68%

Max: 36.27%
KEYS: 25.68%
Q3: 18.36%
Median: 8.84%
Q1: 1.46%
Min: -21.39%

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
ROE (TTM)	6.90%	20.90%
ROA (TTM)	-12.60%	7.23%
Net Margin (TTM)	67.09%	19.14%
Operating Margin (TTM)	-249.14%	25.68%
Gross Margin (TTM)	24.67%	63.28%

Growth

Revenue Growth

IonQ (IONQ) at 201.85% clears its industry range for revenue growth, far stronger top-line momentum than Keysight (KEYS) at 7.95%, which is closer to a typical peer reading.

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

EPS Growth

Only one side can be read here: Keysight (KEYS) reports EPS growth of 39.32%, ranked against its industry; IonQ (IONQ) has no EPS growth figure this period.

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
Revenue Growth (YoY)	201.85%	7.95%
Revenue Growth (3Y CAGR)	126.89%	-0.28%
EPS Growth (YoY)	--	39.32%
EPS Growth (3Y CAGR)	--	-7.51%

Financial Strength

Current Ratio (MRQ)

Keysight (KEYS) at 2.02 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.

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

KEYS

Technology Hardware & Equipment industry group

2.02

Max: 5.34
Q3: 3.02
KEYS: 2.02
Median: 1.95
Q1: 1.32
Min: 0.17

IonQ (IONQ) vs. Keysight (KEYS): 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 Keysight (KEYS) at 0.42 runs a more typical debt-to-equity mix.

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

KEYS

Technology Hardware & Equipment industry group

0.42

Max: 1.76
Q3: 0.78
KEYS: 0.42
Median: 0.24
Q1: 0.04
Min: 0.01

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

Financial Strength Metrics

Financial strength metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
Current Ratio (MRQ)	4.24	2.02
Debt / Equity (MRQ)	0.01	0.42
Net Debt / EBITDA	--	0.09

Dividends

Dividend Yield (TTM)

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

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%

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 0.73%
Q3: 0.31%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

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

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%

KEYS

Technology Hardware & Equipment industry group

0.00%

Max: 32.27%
Q3: 14.48%
KEYS: 0.00%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
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 Keysight (KEYS) at 36.82 is closer to its industry’s usual earnings multiple — a discount for IONQ, though growth and earnings durability still matter.

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

KEYS

Technology Hardware & Equipment industry group

36.82

Max: 69.48
Q3: 41.02
KEYS: 36.82
Median: 26.39
Q1: 19.36
Min: 6.07

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Keysight (KEYS) at 7.04 sits in the upper P/S ratio quartile, and IonQ (IONQ) at 39.84 prices even higher, above its industry range.

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

KEYS

Technology Hardware & Equipment industry group

7.04

Max: 11.30
KEYS: 7.04
Q3: 5.82
Median: 2.56
Q1: 1.05
Min: 0.00

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their P/S ratio against the Technology Hardware & Equipment industry group benchmark.

P/B Ratio (MRQ)

IonQ (IONQ) at 2.67 is valued about in line with its industry on P/B ratio, while Keysight (KEYS) at 7.05 carries an above-peer premium to book — KEYS is pricier on assets.

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

KEYS

Technology Hardware & Equipment industry group

7.05

Max: 10.75
KEYS: 7.05
Q3: 5.52
Median: 3.17
Q1: 1.79
Min: 0.33

IonQ (IONQ) vs. Keysight (KEYS): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for IonQ (IONQ) and Keysight (KEYS)
Metric	IONQ	KEYS
P/E Ratio (TTM)	18.86	36.82
P/S Ratio (TTM)	39.84	7.04
P/B Ratio (MRQ)	2.67	7.05
Free Cash Flow Yield (TTM)	-2.81%	4.03%