MSFT vs. QBTS: Microsoft vs. D-Wave Quantum Stock Comparison
How do Microsoft (MSFT) 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
Microsoft (MSFT) and D-Wave Quantum (QBTS) both belong to the Software industry, though MSFT is classified under Systems Software while QBTS falls under Application Software.
Microsoft (MSFT) is a mega-cap company at 3,940.41 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.
Microsoft (MSFT) has more than two decades of public-market history since March 13, 1986, whereas D-Wave Quantum (QBTS) listed on December 11, 2020 and has a much shorter record to draw on.
| Profile Item | MSFT | QBTS |
|---|---|---|
| Name | Microsoft Corporation Common Stock | D-Wave Quantum Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | Software | Software |
| GICS Sub-Industry | Systems Software | Application Software |
| Market Capitalization | 3,940.41 billion USD | 4.05 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | NYSE |
| Listing Date | March 13, 1986 | December 11, 2020 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| Total Return (1Y) | 10.30% | -61.09% |
| Total Return (3Y, Annualized) | 15.53% | 152.63% |
| Total Return (5Y, Annualized) | 11.01% | 3.13% |
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 Microsoft (MSFT) is closer to market-like at 1.03 — a noticeable difference in market-sensitivity profile.
| Metric | MSFT | QBTS |
|---|---|---|
| Volatility (1Y, Annualized) | 33.91% | 104.32% |
| Beta (5Y) | 1.03 | 2.31 |
| Max Drawdown (5Y) | -37.15% | -96.67% |
| Avg. Volume (3M) | 22.95M | 15.15M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| Sharpe Ratio (1Y) | 0.18 | -0.63 |
| Sortino Ratio (1Y) | 0.28 | -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 Microsoft (MSFT) reports 34.22%, ranking against industry peers normally.
MSFT
Software & Services industry group
34.22%
- Max
- 53.85%
- MSFT
- 34.22%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
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%
Net Margin (TTM)
Microsoft (MSFT) at 41.17% 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.
MSFT
Software & Services industry group
41.17%
- MSFT
- 41.17%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
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%
Operating Margin (TTM)
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 Microsoft (MSFT) reports 49.76%, ranking against industry peers normally.
MSFT
Software & Services industry group
49.76%
- MSFT
- 49.76%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
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%
Profitability Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| ROE (TTM) | 34.22% | -27.99% |
| ROA (TTM) | 14.41% | -10.65% |
| Net Margin (TTM) | 41.17% | 0.00% |
| Operating Margin (TTM) | 49.76% | -1,732.06% |
| Gross Margin (TTM) | 67.66% | 64.19% |
Growth
Revenue Growth
D-Wave Quantum (QBTS) at 178.54% clears its industry range for revenue growth, far stronger top-line momentum than Microsoft (MSFT) at 17.79%, which is closer to a typical peer reading.
EPS Growth
Only one side can be read here: Microsoft (MSFT) reports EPS growth of 31.60%, ranked against its industry; D-Wave Quantum (QBTS) has no EPS growth figure this period.
Growth Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| Revenue Growth (YoY) | 17.79% | 178.54% |
| Revenue Growth (3Y CAGR) | 16.12% | 50.78% |
| EPS Growth (YoY) | 31.60% | -- |
| EPS Growth (3Y CAGR) | 22.86% | -- |
Financial Strength
Current Ratio (MRQ)
Microsoft (MSFT) at 1.23 keeps current ratio within its industry’s typical mid-range, while D-Wave Quantum (QBTS) at 20.55 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.
MSFT
Software & Services industry group
1.23
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- MSFT
- 1.23
- Q1
- 1.01
- Min
- 0.03
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
Debt / Equity (MRQ)
D-Wave Quantum (QBTS) at 0.04 keeps leverage in the lower industry quartile, while Microsoft (MSFT) at 0.28 runs a more typical debt-to-equity mix.
MSFT
Software & Services industry group
0.28
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- MSFT
- 0.28
- Q1
- 0.07
- Min
- 0.00
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
Financial Strength Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| Current Ratio (MRQ) | 1.23 | 20.55 |
| Debt / Equity (MRQ) | 0.28 | 0.04 |
| Net Debt / EBITDA | 0.34 | -- |
Dividends
Dividend Yield (TTM)
D-Wave Quantum (QBTS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Microsoft (MSFT) reports a yield of 0.69%, ranking against industry peers normally.
MSFT
Software & Services industry group
0.69%
- MSFT
- 0.69%
- Max
- 0.00%
- Q3
- 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%
Dividend Payout Ratio (TTM)
D-Wave Quantum (QBTS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Microsoft (MSFT) reports a payout of 19.00%, ranking against industry peers normally.
MSFT
Software & Services industry group
19.00%
- MSFT
- 19.00%
- Max
- 0.00%
- Q3
- 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%
Dividend Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| Dividend Yield (TTM) | 0.69% | 0.00% |
| Dividend Payout Ratio (TTM) | 19.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Microsoft (MSFT) trades at 27.69 times trailing earnings, ranked against its peers, while D-Wave Quantum (QBTS) has no P/E ratio this period.
MSFT
Software & Services industry group
27.69
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- MSFT
- 27.69
- Q1
- 18.77
- Min
- 6.69
QBTS
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- QBTS
- --
P/S Ratio (TTM)
Both look expensive on sales: Microsoft (MSFT) at 11.37 sits in the upper P/S ratio quartile, and D-Wave Quantum (QBTS) at 326.31 prices even higher, above its industry range.
MSFT
Software & Services industry group
11.37
- Max
- 17.91
- MSFT
- 11.37
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
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
P/B Ratio (MRQ)
On P/B ratio, both Microsoft (MSFT) at 8.38 and D-Wave Quantum (QBTS) at 3.67 are valued close to their industries’ norm against book — neither stands out from peers.
MSFT
Software & Services industry group
8.38
- Max
- 16.63
- Q3
- 8.50
- MSFT
- 8.38
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
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
Valuation Metrics
| Metric | MSFT | QBTS |
|---|---|---|
| P/E Ratio (TTM) | 27.69 | -- |
| P/S Ratio (TTM) | 11.37 | 326.31 |
| P/B Ratio (MRQ) | 8.38 | 3.67 |
| Free Cash Flow Yield (TTM) | 0.08% | -1.81% |