QBTS vs. SNOW: A Head-to-Head Stock Comparison

Updated on August 23, 2025

Here’s a clear look at QBTS and SNOW, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	QBTS	SNOW
Company Name	D-Wave Quantum Inc.	Snowflake Inc.
Country	United States	United States
GICS Sector	Information Technology	Information Technology
GICS Industry	Software	IT Services
Market Capitalization	5.15 billion USD	65.00 billion USD
Exchange	NYSE	NYSE
Listing Date	December 11, 2020	September 16, 2020
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of QBTS and SNOW 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.

QBTS vs. SNOW: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	QBTS	SNOW
5-Day Price Return	-17.16%	-0.05%
13-Week Price Return	14.52%	7.00%
26-Week Price Return	131.69%	1.11%
52-Week Price Return	1,525.30%	48.23%
Month-to-Date Return	-12.39%	-12.84%
Year-to-Date Return	79.29%	26.16%
10-Day Avg. Volume	43.94M	4.39M
3-Month Avg. Volume	59.32M	4.33M
3-Month Volatility	107.52%	41.71%
Beta	1.40	1.25

Profitability

Return on Equity (TTM)

QBTS

Software Industry

Max: 59.01%
Q3: 21.98%
Median: 7.15%
Q1: -11.12%
Min: -51.24%

Return on Equity data for QBTS is currently unavailable.

SNOW

-44.88%

IT Services Industry

Max: 29.51%
Q3: 16.98%
Median: 13.47%
Q1: 7.93%
Min: -3.97%

SNOW has a negative Return on Equity of -44.88%. 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.

QBTS vs. SNOW: A comparison of their Return on Equity (TTM) against their respective Software and IT Services industry benchmarks.

Net Profit Margin (TTM)

QBTS

-1,263.92%

Software Industry

Max: 48.14%
Q3: 18.23%
Median: 5.60%
Q1: -9.22%
Min: -49.36%

QBTS has a negative Net Profit Margin of -1,263.92%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

SNOW

-36.43%

IT Services Industry

Max: 19.82%
Q3: 11.49%
Median: 6.67%
Q1: 3.61%
Min: -4.62%

SNOW has a negative Net Profit Margin of -36.43%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

QBTS vs. SNOW: A comparison of their Net Profit Margin (TTM) against their respective Software and IT Services industry benchmarks.

Operating Profit Margin (TTM)

QBTS

-353.14%

Software Industry

Max: 57.34%
Q3: 20.60%
Median: 7.84%
Q1: -8.72%
Min: -51.37%

QBTS has a negative Operating Profit Margin of -353.14%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

SNOW

-41.37%

IT Services Industry

Max: 21.69%
Q3: 14.50%
Median: 10.06%
Q1: 6.98%
Min: 0.06%

SNOW has a negative Operating Profit Margin of -41.37%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

QBTS vs. SNOW: A comparison of their Operating Profit Margin (TTM) against their respective Software and IT Services industry benchmarks.

Profitability at a Glance

Symbol	QBTS	SNOW
Return on Equity (TTM)	--	-44.88%
Return on Assets (TTM)	-82.90%	-17.30%
Net Profit Margin (TTM)	-1,263.92%	-36.43%
Operating Profit Margin (TTM)	-353.14%	-41.37%
Gross Profit Margin (TTM)	82.46%	66.58%

Financial Strength

Current Ratio (MRQ)

QBTS

20.73

Software Industry

Max: 3.83
Q3: 2.31
Median: 1.45
Q1: 1.03
Min: 0.24

QBTS’s Current Ratio of 20.73 is exceptionally high, placing it well outside the typical range for the Software industry. This indicates a very strong liquidity position, though such a high ratio may also suggest that the company is not using its assets efficiently to generate profits.

SNOW

1.58

IT Services Industry

Max: 2.42
Q3: 1.81
Median: 1.47
Q1: 1.09
Min: 0.44

SNOW’s Current Ratio of 1.58 aligns with the median group of the IT Services industry, indicating that its short-term liquidity is in line with its sector peers.

QBTS vs. SNOW: A comparison of their Current Ratio (MRQ) against their respective Software and IT Services industry benchmarks.

Debt-to-Equity Ratio (MRQ)

QBTS

0.15

Software Industry

Max: 2.14
Q3: 0.90
Median: 0.29
Q1: 0.00
Min: 0.00

QBTS’s Debt-to-Equity Ratio of 0.15 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

SNOW

0.94

IT Services Industry

Max: 2.33
Q3: 1.17
Median: 0.54
Q1: 0.15
Min: 0.00

SNOW’s Debt-to-Equity Ratio of 0.94 is typical for the IT Services industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

QBTS vs. SNOW: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective Software and IT Services industry benchmarks.

Interest Coverage Ratio (TTM)

QBTS

-46.22

Software Industry

Max: 67.02
Q3: 19.86
Median: 0.70
Q1: -12.50
Min: -53.00

QBTS has a negative Interest Coverage Ratio of -46.22. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

SNOW

IT Services Industry

Max: 144.50
Q3: 84.49
Median: 13.76
Q1: 2.59
Min: -28.13

Interest Coverage Ratio data for SNOW is currently unavailable.

QBTS vs. SNOW: A comparison of their Interest Coverage Ratio (TTM) against their respective Software and IT Services industry benchmarks.

Financial Strength at a Glance

Symbol	QBTS	SNOW
Current Ratio (MRQ)	20.73	1.58
Quick Ratio (MRQ)	20.44	1.50
Debt-to-Equity Ratio (MRQ)	0.15	0.94
Interest Coverage Ratio (TTM)	-46.22	--

Growth

Revenue Growth

QBTS vs. SNOW: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

QBTS vs. SNOW: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

QBTS

0.00%

Software Industry

Max: 0.08%
Q3: 0.03%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QBTS 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.

SNOW

0.00%

IT Services Industry

Max: 2.80%
Q3: 1.74%
Median: 0.62%
Q1: 0.00%
Min: 0.00%

SNOW 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.

QBTS vs. SNOW: A comparison of their Dividend Yield (TTM) against their respective Software and IT Services industry benchmarks.

Dividend Payout Ratio (TTM)

QBTS

0.00%

Software Industry

Max: 1.32%
Q3: 0.53%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

QBTS 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.

SNOW

0.00%

IT Services Industry

Max: 147.75%
Q3: 63.58%
Median: 24.63%
Q1: 0.00%
Min: 0.00%

SNOW 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.

QBTS vs. SNOW: A comparison of their Dividend Payout Ratio (TTM) against their respective Software and IT Services industry benchmarks.

Dividend at a Glance

Symbol	QBTS	SNOW
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

QBTS

Software Industry

Max: 149.35
Q3: 100.21
Median: 47.97
Q1: 26.77
Min: 11.68

P/E Ratio data for QBTS is currently unavailable.

SNOW

IT Services Industry

Max: 41.55
Q3: 31.54
Median: 23.25
Q1: 18.12
Min: 6.57

P/E Ratio data for SNOW is currently unavailable.

QBTS vs. SNOW: A comparison of their Price-to-Earnings Ratio (TTM) against their respective Software and IT Services industry benchmarks.

Price-to-Sales Ratio (TTM)

QBTS

231.24

Software Industry

Max: 25.24
Q3: 13.52
Median: 8.15
Q1: 4.87
Min: 0.98

With a P/S Ratio of 231.24, QBTS trades at a valuation that eclipses even the highest in the Software industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

SNOW

16.88

IT Services Industry

Max: 6.61
Q3: 4.37
Median: 2.02
Q1: 1.20
Min: 0.19

With a P/S Ratio of 16.88, SNOW trades at a valuation that eclipses even the highest in the IT Services industry. This implies the market has priced in exceptionally optimistic scenarios for future revenue growth, posing considerable valuation risk.

QBTS vs. SNOW: A comparison of their Price-to-Sales Ratio (TTM) against their respective Software and IT Services industry benchmarks.

Price-to-Book Ratio (MRQ)

QBTS

10.68

Software Industry

Max: 30.95
Q3: 14.91
Median: 7.75
Q1: 3.60
Min: 0.38

QBTS’s P/B Ratio of 10.68 is within the conventional range for the Software 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.

SNOW

22.13

IT Services Industry

Max: 11.19
Q3: 6.38
Median: 3.47
Q1: 2.31
Min: 0.96

At 22.13, SNOW’s P/B Ratio is at an extreme premium to the IT Services industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

QBTS vs. SNOW: A comparison of their Price-to-Book Ratio (MRQ) against their respective Software and IT Services industry benchmarks.

Valuation at a Glance

Symbol	QBTS	SNOW
Price-to-Earnings Ratio (TTM)	--	--
Price-to-Sales Ratio (TTM)	231.24	16.88
Price-to-Book Ratio (MRQ)	10.68	22.13
Price-to-Free Cash Flow Ratio (TTM)	--	88.05