IONQ vs. WDC: A Head-to-Head Stock Comparison
Updated onHere’s a clear look at IONQ and WDC, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.
Company Overview
WDC’s market capitalization of 23.07 billion USD is significantly greater than IONQ’s 10.94 billion USD, highlighting its more substantial market valuation.
IONQ’s beta of 2.59 points to significantly higher volatility compared to WDC (beta: 1.54), suggesting IONQ has greater potential for both gains and losses relative to market movements.
| Symbol | IONQ | WDC |
|---|---|---|
| Company Name | IonQ, Inc. | Western Digital Corporation |
| Country | US | US |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Computer Hardware |
| CEO | Niccolo Mcleod de Masi | Tiang Yew Tan |
| Price | 41.81 USD | 66.14 USD |
| Market Cap | 10.94 billion USD | 23.07 billion USD |
| Beta | 2.59 | 1.54 |
| Exchange | NYSE | NASDAQ |
| IPO Date | January 4, 2021 | October 31, 1978 |
| ADR | No | No |
Historical Performance
This chart compares the performance of IONQ and WDC by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period.
Data is adjusted for dividends and splits.
Profitability
Return on Equity
IONQ
-63.35%
Computer Hardware Industry
- Max
- 123.03%
- Q3
- 15.78%
- Median
- -13.44%
- Q1
- -119.16%
- Min
- -227.95%
IONQ has a negative Return on Equity of -63.35%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.
WDC
16.28%
Computer Hardware Industry
- Max
- 123.03%
- Q3
- 15.78%
- Median
- -13.44%
- Q1
- -119.16%
- Min
- -227.95%
In the upper quartile for the Computer Hardware industry, WDC’s Return on Equity of 16.28% signals a highly effective use of shareholder capital to drive profitability compared to most of its peers.
Return on Invested Capital
IONQ
-31.70%
Computer Hardware Industry
- Max
- 30.37%
- Q3
- 20.44%
- Median
- 7.03%
- Q1
- -12.47%
- Min
- -31.70%
IONQ has a negative Return on Invested Capital of -31.70%. This indicates that its operations are failing to generate a profit on the total capital invested, signaling significant inefficiency or value destruction.
WDC
23.19%
Computer Hardware Industry
- Max
- 30.37%
- Q3
- 20.44%
- Median
- 7.03%
- Q1
- -12.47%
- Min
- -31.70%
In the upper quartile for the Computer Hardware industry, WDC’s Return on Invested Capital of 23.19% signifies a highly effective use of its capital to generate profits when compared to its peers.
Net Profit Margin
IONQ
-753.20%
Computer Hardware Industry
- Max
- 40.72%
- Q3
- 10.87%
- Median
- 4.33%
- Q1
- -378.64%
- Min
- -753.20%
IONQ has a negative Net Profit Margin of -753.20%, indicating the company is operating at a net loss as its expenses exceeded its revenues.
WDC
11.34%
Computer Hardware Industry
- Max
- 40.72%
- Q3
- 10.87%
- Median
- 4.33%
- Q1
- -378.64%
- Min
- -753.20%
A Net Profit Margin of 11.34% places WDC in the upper quartile for the Computer Hardware industry, signifying strong profitability and more effective cost management than most of its peers.
Operating Profit Margin
IONQ
-592.84%
Computer Hardware Industry
- Max
- 42.27%
- Q3
- 13.53%
- Median
- 4.56%
- Q1
- -295.01%
- Min
- -592.84%
IONQ has a negative Operating Profit Margin of -592.84%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.
WDC
17.80%
Computer Hardware Industry
- Max
- 42.27%
- Q3
- 13.53%
- Median
- 4.56%
- Q1
- -295.01%
- Min
- -592.84%
An Operating Profit Margin of 17.80% places WDC in the upper quartile for the Computer Hardware industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.
Profitability at a Glance
| Symbol | IONQ | WDC |
|---|---|---|
| Return on Equity (TTM) | -63.35% | 16.28% |
| Return on Assets (TTM) | -38.15% | 10.00% |
| Return on Invested Capital (TTM) | -31.70% | 23.19% |
| Net Profit Margin (TTM) | -753.20% | 11.34% |
| Operating Profit Margin (TTM) | -592.84% | 17.80% |
| Gross Profit Margin (TTM) | 50.07% | 36.93% |
Financial Strength
Current Ratio
IONQ
13.17
Computer Hardware Industry
- Max
- 20.73
- Q3
- 11.54
- Median
- 2.69
- Q1
- 1.40
- Min
- 0.73
IONQ’s Current Ratio of 13.17 is in the upper quartile for the Computer Hardware industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.
WDC
1.56
Computer Hardware Industry
- Max
- 20.73
- Q3
- 11.54
- Median
- 2.69
- Q1
- 1.40
- Min
- 0.73
WDC’s Current Ratio of 1.56 aligns with the median group of the Computer Hardware industry, indicating that its short-term liquidity is in line with its sector peers.
Debt-to-Equity Ratio
IONQ
0.02
Computer Hardware Industry
- Max
- 1.36
- Q3
- 0.67
- Median
- 0.04
- Q1
- 0.03
- Min
- 0.00
Falling into the lower quartile for the Computer Hardware industry, IONQ’s Debt-to-Equity Ratio of 0.02 points to a conservative financing strategy. This results in lower financial risk but potentially limits strategic investments compared to more leveraged competitors.
WDC
1.36
Computer Hardware Industry
- Max
- 1.36
- Q3
- 0.67
- Median
- 0.04
- Q1
- 0.03
- Min
- 0.00
WDC’s leverage is in the upper quartile of the Computer Hardware industry, with a Debt-to-Equity Ratio of 1.36. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.
Interest Coverage Ratio
IONQ
--
Computer Hardware Industry
- Max
- 32.50
- Q3
- 21.85
- Median
- 4.98
- Q1
- -7.71
- Min
- -34.24
Interest Coverage Ratio data for IONQ is currently unavailable.
WDC
8.65
Computer Hardware Industry
- Max
- 32.50
- Q3
- 21.85
- Median
- 4.98
- Q1
- -7.71
- Min
- -34.24
WDC’s Interest Coverage Ratio of 8.65 is positioned comfortably within the norm for the Computer Hardware industry, indicating a standard and healthy capacity to cover its interest payments.
Financial Strength at a Glance
| Symbol | IONQ | WDC |
|---|---|---|
| Current Ratio (TTM) | 13.17 | 1.56 |
| Quick Ratio (TTM) | 12.67 | 1.31 |
| Debt-to-Equity Ratio (TTM) | 0.02 | 1.36 |
| Debt-to-Asset Ratio (TTM) | 0.02 | 0.45 |
| Net Debt-to-EBITDA Ratio (TTM) | 0.61 | 1.32 |
| Interest Coverage Ratio (TTM) | -- | 8.65 |
Growth
The following charts compare key year-over-year (YoY) growth metrics for IONQ and WDC. These metrics are based on the companies’ annual financial reports.
Revenue Growth
Earnings Per Share (EPS) Growth
Free Cash Flow Growth
Dividend
Dividend Yield
IONQ
0.00%
Computer Hardware Industry
- Max
- 9.24%
- Q3
- 1.58%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
IONQ currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.
WDC
0.15%
Computer Hardware Industry
- Max
- 9.24%
- Q3
- 1.58%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WDC’s Dividend Yield of 0.15% is consistent with its peers in the Computer Hardware industry, providing a dividend return that is standard for its sector.
Dividend Payout Ratio
IONQ
-0.01%
Computer Hardware Industry
- Max
- 193.79%
- Q3
- 30.72%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
IONQ has a negative Dividend Payout Ratio of -0.01%. This typically means the company paid a dividend despite reporting a net loss, a situation that may signal financial instability.
WDC
0.00%
Computer Hardware Industry
- Max
- 193.79%
- Q3
- 30.72%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
WDC has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.
Dividend at a Glance
| Symbol | IONQ | WDC |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.15% |
| Dividend Payout Ratio (TTM) | -0.01% | 0.00% |
Valuation
Price-to-Earnings Ratio
IONQ
-29.49
Computer Hardware Industry
- Max
- 24.60
- Q3
- 24.01
- Median
- 20.31
- Q1
- 18.24
- Min
- 13.38
IONQ has a negative P/E Ratio of -29.49. This occurs when a company has negative earnings (a net loss), making the ratio unsuitable for valuation analysis.
WDC
13.98
Computer Hardware Industry
- Max
- 24.60
- Q3
- 24.01
- Median
- 20.31
- Q1
- 18.24
- Min
- 13.38
In the lower quartile for the Computer Hardware industry, WDC’s P/E Ratio of 13.98 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.
Forward P/E to Growth Ratio
IONQ
365.62
Computer Hardware Industry
- Max
- 9.77
- Q3
- 5.18
- Median
- 1.77
- Q1
- 1.17
- Min
- 0.02
The Forward PEG Ratio is often not a primary valuation metric in the Computer Hardware industry.
WDC
5.58
Computer Hardware Industry
- Max
- 9.77
- Q3
- 5.18
- Median
- 1.77
- Q1
- 1.17
- Min
- 0.02
The Forward PEG Ratio is often not a primary valuation metric in the Computer Hardware industry.
Price-to-Sales Ratio
IONQ
254.06
Computer Hardware Industry
- Max
- 57.61
- Q3
- 47.40
- Median
- 3.37
- Q1
- 1.56
- Min
- 0.43
With a P/S Ratio of 254.06, IONQ trades at a valuation that eclipses even the highest in the Computer Hardware industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.
WDC
1.60
Computer Hardware Industry
- Max
- 57.61
- Q3
- 47.40
- Median
- 3.37
- Q1
- 1.56
- Min
- 0.43
WDC’s P/S Ratio of 1.60 aligns with the market consensus for the Computer Hardware industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.
Price-to-Book Ratio
IONQ
12.50
Computer Hardware Industry
- Max
- 21.21
- Q3
- 14.71
- Median
- 9.28
- Q1
- 3.74
- Min
- 0.43
IONQ’s P/B Ratio of 12.50 is within the conventional range for the Computer Hardware industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
WDC
4.23
Computer Hardware Industry
- Max
- 21.21
- Q3
- 14.71
- Median
- 9.28
- Q1
- 3.74
- Min
- 0.43
WDC’s P/B Ratio of 4.23 is within the conventional range for the Computer Hardware industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.
Valuation at a Glance
| Symbol | IONQ | WDC |
|---|---|---|
| Price-to-Earnings Ratio (P/E, TTM) | -29.49 | 13.98 |
| Forward PEG Ratio (TTM) | 365.62 | 5.58 |
| Price-to-Sales Ratio (P/S, TTM) | 254.06 | 1.60 |
| Price-to-Book Ratio (P/B, TTM) | 12.50 | 4.23 |
| Price-to-Free Cash Flow Ratio (P/FCF, TTM) | -55.84 | 27.02 |
| EV-to-EBITDA (TTM) | -46.14 | 9.22 |
| EV-to-Sales (TTM) | 250.75 | 1.87 |