NET vs. QNT: Cloudflare vs. Quantinuum Stock Comparison

Company Profile

Cloudflare (NET) and Quantinuum (QNT) both belong to the IT Services industry, though NET is classified under Internet Services & Infrastructure while QNT falls under IT Consulting & Other Services.

Cloudflare (NET) has been public since September 13, 2019 with a meaningfully longer listed history, while Quantinuum (QNT) only listed on June 4, 2026 — long-window metrics on the QNT side should be interpreted with caution.

Price Performance

Cumulative Growth

Trailing Returns

Calendar-Year Returns

Performance Metrics

Risk Profile

Drawdown History

Return Distribution

Risk Metrics

Quantinuum (QNT) reports a negative beta of -2.69, suggesting inverse market sensitivity over the measurement window. That is uncommon for ordinary equities and can reflect commodity-linked or hedge-like exposure, but it can also come from statistical noise. Cloudflare (NET) has a non-negative beta of 1.34.

Risk-Adjusted Performance

Risk-Return Positioning

Both NET and QNT need 1-year volatility and 1-year return to plot risk-return positioning.

Risk-Adjusted Metrics

Profitability

Quantinuum (QNT) has no ROE value reported for this period; Cloudflare (NET) reports a negative figure of -17.00%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.

Cloudflare (NET) reports a negative net margin of -8.75%, usually indicating a net loss over the period. Meanwhile Quantinuum (QNT) reports 0.00%, ranking against industry peers normally.

Both Cloudflare (NET) at -7.27% and Quantinuum (QNT) at -6,939.56% report negative operating margin values, usually indicating operating losses over the period.

Profitability Metrics

Growth

Both Cloudflare (NET) at 29.85% and Quantinuum (QNT) at 34.61% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.

Neither Cloudflare (NET) nor Quantinuum (QNT) reports a EPS growth value for this period, so a direct comparison isn't possible.

Growth Metrics

Financial Strength

Both Cloudflare (NET) at 3.80 and Quantinuum (QNT) at 15.49 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.

Quantinuum (QNT) at 0.01 keeps leverage in the lower quartile, while Cloudflare (NET) at 3.21 is above its industry debt-to-equity ratio range.

Financial Strength Metrics

Dividends

Neither Cloudflare (NET) nor Quantinuum (QNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Neither Cloudflare (NET) nor Quantinuum (QNT) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

Dividend Metrics

Valuation

Neither Cloudflare (NET) nor Quantinuum (QNT) reports a P/E ratio value for this period, so a direct comparison isn’t possible.

Investors are paying well above the peer range per dollar of sales for both Cloudflare (NET) at 35.24 and Quantinuum (QNT) at 441.11 — each P/S ratio clears its industry’s benchmark range.

Measured against book value, both Cloudflare (NET) at 65.73 and Quantinuum (QNT) at 64.89 look expensive — each P/B ratio sits above its industry’s benchmark range.

Valuation Metrics