QNT vs. SHOP: Quantinuum vs. Shopify Stock Comparison
How do Quantinuum (QNT) and Shopify (SHOP) 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
Quantinuum (QNT) and Shopify (SHOP) both belong to the IT Services industry, though QNT is classified under IT Consulting & Other Services while SHOP falls under Internet Services & Infrastructure.
Shopify (SHOP) has been public since May 20, 2015 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.
| Profile Item | QNT | SHOP |
|---|---|---|
| Name | Quantinuum Inc. Class A Common Stock | Shopify Inc. |
| Country/Region | United States | Canada |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | IT Services |
| GICS Sub-Industry | IT Consulting & Other Services | Internet Services & Infrastructure |
| Market Capitalization | 10.13 billion USD | 191.58 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | June 4, 2026 | May 20, 2015 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | QNT | SHOP |
|---|---|---|
| Total Return (1Y) | -- | -0.87% |
| Total Return (3Y, Annualized) | -- | 35.77% |
| Total Return (5Y, Annualized) | -- | -0.57% |
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. Shopify (SHOP) has a non-negative beta of 2.65.
| Metric | QNT | SHOP |
|---|---|---|
| Volatility (1Y, Annualized) | 105.28% | 59.71% |
| Beta (5Y) | -2.69 | 2.65 |
| Max Drawdown (5Y) | -64.15% | -84.82% |
| Avg. Volume (3M) | 2.01M | 8.79M |
Risk-Adjusted Performance
Risk-Return Positioning
Both QNT and SHOP need 1-year volatility and 1-year return to plot risk-return positioning.
Risk-Adjusted Metrics
| Metric | QNT | SHOP |
|---|---|---|
| Sharpe Ratio (1Y) | -- | -0.09 |
| Sortino Ratio (1Y) | -- | -0.12 |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Shopify (SHOP) earns 16.83% on shareholders’ equity, ranked against its industry; Quantinuum (QNT) has no ROE this period.
QNT
Software & Services industry group
--
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
- QNT
- --
SHOP
Software & Services industry group
16.83%
- Max
- 53.85%
- Q3
- 17.90%
- SHOP
- 16.83%
- Median
- 6.59%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both Quantinuum (QNT) at 0.00% and Shopify (SHOP) at 15.01% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
QNT
Software & Services industry group
0.00%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- QNT
- 0.00%
- Q1
- -5.42%
- Min
- -33.17%
SHOP
Software & Services industry group
15.01%
- Max
- 41.17%
- Q3
- 15.28%
- SHOP
- 15.01%
- Median
- 4.63%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Quantinuum (QNT) reports a negative operating margin of -6,939.56%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Shopify (SHOP) reports 18.39%, ranking against industry peers normally.
QNT
Software & Services industry group
-6,939.56%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
- QNT
- -6,939.56%
SHOP
Software & Services industry group
18.39%
- Max
- 46.89%
- SHOP
- 18.39%
- Q3
- 17.64%
- Median
- 8.73%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | QNT | SHOP |
|---|---|---|
| ROE (TTM) | -- | 16.83% |
| ROA (TTM) | -- | 10.77% |
| Net Margin (TTM) | 0.00% | 15.01% |
| Operating Margin (TTM) | -6,939.56% | 18.39% |
| Gross Margin (TTM) | 41.31% | 47.49% |
Growth
Revenue Growth
Both Quantinuum (QNT) at 34.61% and Shopify (SHOP) at 30.14% sit in the top peer quartile for revenue growth, so each is growing its top line faster than typical industry peers.
EPS Growth
Only one side can be read here: Shopify (SHOP) reports EPS growth of -39.47%, ranked against its industry; Quantinuum (QNT) has no EPS growth figure this period.
Growth Metrics
| Metric | QNT | SHOP |
|---|---|---|
| Revenue Growth (YoY) | 34.61% | 30.14% |
| Revenue Growth (3Y CAGR) | -- | 27.31% |
| EPS Growth (YoY) | -- | -39.47% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Both Quantinuum (QNT) at 15.49 and Shopify (SHOP) at 4.86 post current ratio above their industries’ typical mid-ranges — short-term liquidity appears comfortable, though unusually high readings can point to idle current assets.
QNT
Software & Services industry group
15.49
- QNT
- 15.49
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
SHOP
Software & Services industry group
4.86
- Max
- 5.11
- SHOP
- 4.86
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Both Quantinuum (QNT) at 0.01 and Shopify (SHOP) at 0.01 keep leverage in the lower quartile of their industries, with less balance-sheet debt relative to equity than most peers.
QNT
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- QNT
- 0.01
- Min
- 0.00
SHOP
Software & Services industry group
0.01
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- SHOP
- 0.01
- Min
- 0.00
Financial Strength Metrics
| Metric | QNT | SHOP |
|---|---|---|
| Current Ratio (MRQ) | 15.49 | 4.86 |
| Debt / Equity (MRQ) | 0.01 | 0.01 |
| Net Debt / EBITDA | -- | -1.75 |
Dividends
Dividend Yield (TTM)
Neither Quantinuum (QNT) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
QNT
Software & Services industry group
0.00%
- QNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither Quantinuum (QNT) nor Shopify (SHOP) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
QNT
Software & Services industry group
0.00%
- QNT
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
SHOP
Software & Services industry group
0.00%
- SHOP
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | QNT | SHOP |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
An earnings multiple is available for just one side: Shopify (SHOP) trades at 91.36 times trailing earnings, ranked against its peers, while Quantinuum (QNT) has no P/E ratio this period.
QNT
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- QNT
- --
SHOP
Software & Services industry group
91.36
- Max
- 112.94
- SHOP
- 91.36
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
P/S Ratio (TTM)
Both look expensive on sales: Shopify (SHOP) at 13.52 sits in the upper P/S ratio quartile, and Quantinuum (QNT) at 441.11 prices even higher, above its industry range.
QNT
Software & Services industry group
441.11
- QNT
- 441.11
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
SHOP
Software & Services industry group
13.52
- Max
- 17.91
- SHOP
- 13.52
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
Both look rich against book: Shopify (SHOP) at 15.02 sits in the upper P/B ratio quartile, and Quantinuum (QNT) at 64.89 prices even higher, above its industry range.
QNT
Software & Services industry group
64.89
- QNT
- 64.89
- Max
- 16.63
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
SHOP
Software & Services industry group
15.02
- Max
- 16.63
- SHOP
- 15.02
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | QNT | SHOP |
|---|---|---|
| P/E Ratio (TTM) | -- | 91.36 |
| P/S Ratio (TTM) | 441.11 | 13.52 |
| P/B Ratio (MRQ) | 64.89 | 15.02 |
| Free Cash Flow Yield (TTM) | -- | 0.86% |