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IONQ vs. WDC: IonQ vs. Western Digital Stock Comparison

How do IonQ (IONQ) and Western Digital (WDC) 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 Western Digital (WDC) are both classified in the Technology Hardware, Storage & Peripherals sub-industry within the broader Technology Hardware, Storage & Peripherals industry, placing them in the closest GICS peer bucket.

Western Digital (WDC) has more than two decades of public-market history since October 31, 1978, whereas IonQ (IONQ) listed on January 4, 2021 and has a much shorter record to draw on.

Company profile comparison for IonQ (IONQ) and Western Digital (WDC)
Profile ItemIONQWDC
NameIonQ, Inc.Western Digital Corp.
Country/RegionUnited StatesUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupTechnology Hardware & EquipmentTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & PeripheralsTechnology Hardware, Storage & Peripherals
GICS Sub-IndustryTechnology Hardware, Storage & PeripheralsTechnology Hardware, Storage & Peripherals
Market Capitalization15.16 billion USD98.74 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateJanuary 4, 2021October 31, 1978
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

IONQ
WDC
GSPC
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IonQ (IONQ) vs. Western Digital (WDC), 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 Western Digital (WDC). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
Total Return (1Y)-40.10%78.89%
Total Return (3Y, Annualized)46.76%106.11%
Total Return (5Y, Annualized)9.52%47.06%

Risk Profile

Drawdown History

IONQ
WDC
GSPC
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IonQ (IONQ) vs. Western Digital (WDC), 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 Western Digital (WDC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
Volatility (1Y, Annualized)94.72%83.20%
Beta (5Y)3.332.35
Max Drawdown (5Y)-90.00%-64.64%
Avg. Volume (3M)22.02M8.01M

Risk-Adjusted Performance

Risk-Return Positioning

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IONQ and WDC 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 Western Digital (WDC)
MetricIONQWDC
Sharpe Ratio (1Y)-0.470.90
Sortino Ratio (1Y)-0.741.32

Profitability

ROE (TTM)

Western Digital (WDC) at 129.60% clears its industry range for ROE, a sharper capital-efficiency signal than IonQ (IONQ) at 6.90%, which is closer to a typical peer reading.

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%

WDC

Technology Hardware & Equipment industry group

129.60%

WDC
129.60%
Max
42.47%
Q3
19.13%
Median
11.00%
Q1
1.63%
Min
-20.62%
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their ROE against the Technology Hardware & Equipment industry group benchmark.

Net Margin (TTM)

Both IonQ (IONQ) at 67.09% and Western Digital (WDC) at 69.20% keep an unusually large share of revenue as bottom-line profit — each net margin clears its industry’s benchmark range.

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%

WDC

Technology Hardware & Equipment industry group

69.20%

WDC
69.20%
Max
27.60%
Q3
11.66%
Median
4.08%
Q1
0.00%
Min
-11.02%
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IonQ (IONQ) vs. Western Digital (WDC): 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 Western Digital (WDC) reports 47.68%, 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%

WDC

Technology Hardware & Equipment industry group

47.68%

WDC
47.68%
Max
36.27%
Q3
18.36%
Median
8.84%
Q1
1.46%
Min
-21.39%
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their operating margin against the Technology Hardware & Equipment industry group benchmark.

Profitability Metrics

Profitability metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
ROE (TTM)6.90%129.60%
ROA (TTM)-12.60%25.88%
Net Margin (TTM)67.09%69.20%
Operating Margin (TTM)-249.14%47.68%
Gross Margin (TTM)24.67%52.60%

Growth

Revenue Growth

Both companies are growing quickly, but IonQ (IONQ) at 201.85% is the standout with revenue growth above its industry range; Western Digital (WDC) at 35.70% also sits in the top quartile.

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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Western Digital (WDC) reports EPS growth of 372.38%, ranked against its industry; IonQ (IONQ) has no EPS growth figure this period.

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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
Revenue Growth (YoY)201.85%35.70%
Revenue Growth (3Y CAGR)126.89%27.35%
EPS Growth (YoY)--372.38%
EPS Growth (3Y CAGR)----

Financial Strength

Current Ratio (MRQ)

Western Digital (WDC) at 1.43 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

WDC

Technology Hardware & Equipment industry group

1.43

Max
5.34
Q3
3.02
Median
1.95
WDC
1.43
Q1
1.32
Min
0.17
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IonQ (IONQ) vs. Western Digital (WDC): 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 Western Digital (WDC) at 0.10 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

WDC

Technology Hardware & Equipment industry group

0.10

Max
1.76
Q3
0.78
Median
0.24
WDC
0.10
Q1
0.04
Min
0.01
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IonQ (IONQ) vs. Western Digital (WDC): 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 Western Digital (WDC)
MetricIONQWDC
Current Ratio (MRQ)4.241.43
Debt / Equity (MRQ)0.010.10
Net Debt / EBITDA---0.06

Dividends

Dividend Yield (TTM)

IonQ (IONQ) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Western Digital (WDC) reports a yield of 0.21%, ranking against industry peers normally.

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%

WDC

Technology Hardware & Equipment industry group

0.21%

Max
0.73%
Q3
0.31%
WDC
0.21%
Median
0.00%
Q1
0.00%
Min
0.00%
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their dividend yield against the Technology Hardware & Equipment industry group benchmark.

Dividend Payout Ratio (TTM)

IonQ (IONQ) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Western Digital (WDC) reports a payout of 1.93%, ranking against industry peers normally.

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%

WDC

Technology Hardware & Equipment industry group

1.93%

Max
32.27%
Q3
14.48%
WDC
1.93%
Median
0.00%
Q1
0.00%
Min
0.00%
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their payout ratio against the Technology Hardware & Equipment industry group benchmark.

Dividend Metrics

Dividend metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
Dividend Yield (TTM)0.00%0.21%
Dividend Payout Ratio (TTM)0.00%1.93%

Valuation

P/E Ratio (TTM)

Both IonQ (IONQ) at 18.86 and Western Digital (WDC) at 9.28 sit in the cheaper earnings-multiple quartile for P/E ratio, with the market paying less for a dollar of trailing earnings than it pays for typical peers.

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

WDC

Technology Hardware & Equipment industry group

9.28

Max
69.48
Q3
41.02
Median
26.39
Q1
19.36
WDC
9.28
Min
6.07
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their P/E ratio against the Technology Hardware & Equipment industry group benchmark.

P/S Ratio (TTM)

Both look expensive on sales: Western Digital (WDC) at 6.82 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

WDC

Technology Hardware & Equipment industry group

6.82

Max
11.30
WDC
6.82
Q3
5.82
Median
2.56
Q1
1.05
Min
0.00
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IonQ (IONQ) vs. Western Digital (WDC): 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 Western Digital (WDC) at 10.55 carries an above-peer premium to book — WDC 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

WDC

Technology Hardware & Equipment industry group

10.55

Max
10.75
WDC
10.55
Q3
5.52
Median
3.17
Q1
1.79
Min
0.33
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IonQ (IONQ) vs. Western Digital (WDC): A comparison of their P/B ratio against the Technology Hardware & Equipment industry group benchmark.

Valuation Metrics

Valuation metrics for IonQ (IONQ) and Western Digital (WDC)
MetricIONQWDC
P/E Ratio (TTM)18.869.28
P/S Ratio (TTM)39.846.82
P/B Ratio (MRQ)2.6710.55
Free Cash Flow Yield (TTM)-2.81%2.76%