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IONQ vs. QBTS: IonQ vs. D-Wave Quantum Stock Comparison

How do IonQ (IONQ) and D-Wave Quantum (QBTS) 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 D-Wave Quantum (QBTS) share the Information Technology sector but sit in different industry groups — IONQ in Technology Hardware & Equipment and QBTS in Software & Services.

Company profile comparison for IonQ (IONQ) and D-Wave Quantum (QBTS)
Profile ItemIONQQBTS
NameIonQ, Inc.D-Wave Quantum Inc.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentSoftware & Services
GICS IndustryTechnology Hardware, Storage & PeripheralsSoftware
GICS Sub-IndustryTechnology Hardware, Storage & PeripheralsApplication Software
Market Capitalization15.16 billion USD4.05 billion USD
CurrencyUSDUSD
ExchangeNYSENYSE
Listing DateJanuary 4, 2021December 11, 2020
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

IONQ
QBTS
GSPC
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IonQ (IONQ) vs. D-Wave Quantum (QBTS), 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 D-Wave Quantum (QBTS). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for IonQ (IONQ) and D-Wave Quantum (QBTS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Total Return (1Y)-40.10%-61.09%
Total Return (3Y, Annualized)46.76%152.63%
Total Return (5Y, Annualized)9.52%3.13%

Risk Profile

Drawdown History

IONQ
QBTS
GSPC
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IonQ (IONQ) vs. D-Wave Quantum (QBTS), 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 D-Wave Quantum (QBTS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Volatility (1Y, Annualized)94.72%104.32%
Beta (5Y)3.332.31
Max Drawdown (5Y)-90.00%-96.67%
Avg. Volume (3M)22.02M15.15M

Risk-Adjusted Performance

Risk-Return Positioning

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IONQ and QBTS are plotted by 1-year volatility (risk) and 1-year return. Each dashed Capital Allocation Line uses that stock's own industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Sharpe Ratio (1Y)-0.47-0.63
Sortino Ratio (1Y)-0.74-1.00

Profitability

ROE (TTM)

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 IonQ (IONQ) reports 6.90%, ranking against industry peers normally.

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%

QBTS

Software & Services industry group

-27.99%

Max
53.85%
Q3
17.90%
Median
6.59%
Q1
-9.59%
QBTS
-27.99%
Min
-50.52%
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their ROE against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Net Margin (TTM)

IonQ (IONQ) at 67.09% converts revenue to bottom-line profit above its industry’s benchmark range, while D-Wave Quantum (QBTS) at 0.00% keeps roughly the typical share for its industry.

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%

QBTS

Software & Services industry group

0.00%

Max
41.17%
Q3
15.28%
Median
4.63%
QBTS
0.00%
Q1
-5.42%
Min
-33.17%
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their net margin against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Operating Margin (TTM)

Both IonQ (IONQ) at -249.14% and D-Wave Quantum (QBTS) at -1,732.06% report negative operating margin values, usually indicating operating losses over the period.

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%

QBTS

Software & Services industry group

-1,732.06%

Max
46.89%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%
QBTS
-1,732.06%
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their operating margin against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Profitability Metrics

Profitability metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
ROE (TTM)6.90%-27.99%
ROA (TTM)-12.60%-10.65%
Net Margin (TTM)67.09%0.00%
Operating Margin (TTM)-249.14%-1,732.06%
Gross Margin (TTM)24.67%64.19%

Growth

Revenue Growth

Both IonQ (IONQ) at 201.85% and D-Wave Quantum (QBTS) at 178.54% are expanding revenue faster than their entire industry benchmark ranges for revenue growth — exceptional top-line momentum on both sides, though growth that far above the peer range is worth checking for one-off boosts such as acquisitions.

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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Neither IonQ (IONQ) nor D-Wave Quantum (QBTS) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Growth metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Revenue Growth (YoY)201.85%178.54%
Revenue Growth (3Y CAGR)126.89%50.78%
EPS Growth (YoY)----
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Both IonQ (IONQ) at 4.24 and D-Wave Quantum (QBTS) at 20.55 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

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

QBTS

Software & Services industry group

20.55

QBTS
20.55
Max
5.11
Q3
2.77
Median
1.67
Q1
1.01
Min
0.03
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their current ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Debt / Equity (MRQ)

Both IonQ (IONQ) at 0.01 and D-Wave Quantum (QBTS) at 0.04 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.

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

QBTS

Software & Services industry group

0.04

Max
2.52
Q3
1.13
Median
0.40
Q1
0.07
QBTS
0.04
Min
0.00
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their debt-to-equity ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Financial Strength Metrics

Financial strength metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Current Ratio (MRQ)4.2420.55
Debt / Equity (MRQ)0.010.04
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Neither IonQ (IONQ) nor D-Wave Quantum (QBTS) 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%

QBTS

Software & Services industry group

0.00%

QBTS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their dividend yield against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend Payout Ratio (TTM)

Neither IonQ (IONQ) nor D-Wave Quantum (QBTS) 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%

QBTS

Software & Services industry group

0.00%

QBTS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their payout ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Dividend Metrics

Dividend metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: IonQ (IONQ) trades at 18.86 times trailing earnings, ranked against its peers, while D-Wave Quantum (QBTS) has no P/E ratio this period.

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

QBTS

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
QBTS
--
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): QBTS does not report P/E ratio, so it has no value marker; IONQ is benchmarked against the Technology Hardware & Equipment industry group.

P/S Ratio (TTM)

Investors are paying well above the peer range per dollar of sales for both IonQ (IONQ) at 39.84 and D-Wave Quantum (QBTS) at 326.31 — each P/S ratio clears its industry’s benchmark 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

QBTS

Software & Services industry group

326.31

QBTS
326.31
Max
17.91
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their P/S ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

P/B Ratio (MRQ)

On P/B ratio, both IonQ (IONQ) at 2.67 and D-Wave Quantum (QBTS) at 3.67 are valued close to their industries’ norm against book — neither stands out from peers.

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

QBTS

Software & Services industry group

3.67

Max
16.63
Q3
8.50
Median
4.30
QBTS
3.67
Q1
1.92
Min
-3.90
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IonQ (IONQ) vs. D-Wave Quantum (QBTS): A comparison of their P/B ratio against their respective Technology Hardware & Equipment and Software & Services industry group benchmarks.

Valuation Metrics

Valuation metrics for IonQ (IONQ) and D-Wave Quantum (QBTS)
MetricIONQQBTS
P/E Ratio (TTM)18.86--
P/S Ratio (TTM)39.84326.31
P/B Ratio (MRQ)2.673.67
Free Cash Flow Yield (TTM)-2.81%-1.81%