QNT vs. ZS: Quantinuum vs. Zscaler Stock Comparison

Company Profile

Quantinuum (QNT) and Zscaler (ZS) both fall under the Software & Services industry group, but QNT is classified in IT Services while ZS is classified in Software.

Zscaler (ZS) has been public since March 16, 2018 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. Zscaler (ZS) has a non-negative beta of 0.88.

Risk-Adjusted Performance

Risk-Return Positioning

Both QNT and ZS 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; Zscaler (ZS) reports a negative figure of -2.87%, which needs context because negative ROE can reflect losses or negative shareholders’ equity.

Zscaler (ZS) reports a negative net margin of -1.89%, usually indicating a net loss over the period. Meanwhile Quantinuum (QNT) reports 0.00%, ranking against industry peers normally.

Both Quantinuum (QNT) at -6,939.56% and Zscaler (ZS) at -1.01% report negative operating margin values, usually indicating operating losses over the period.

Profitability Metrics

Growth

Quantinuum (QNT) at 34.61% sits in the top revenue growth quartile, while Zscaler (ZS) at 25.42% is closer to the peer norm — faster top-line expansion for QNT.

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

Growth Metrics

Financial Strength

Zscaler (ZS) at 1.70 keeps current ratio within its industry’s typical mid-range, while Quantinuum (QNT) at 15.49 sits above its industry’s typical mid-range — comfortable liquidity, though possibly with more idle current assets relative to peers.

Quantinuum (QNT) at 0.01 keeps leverage in the lower industry quartile, while Zscaler (ZS) at 0.72 runs a more typical debt-to-equity mix.

Financial Strength Metrics

Dividends

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

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

Dividend Metrics

Valuation

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

Both look expensive on sales: Zscaler (ZS) at 9.61 sits in the upper P/S ratio quartile, and Quantinuum (QNT) at 441.11 prices even higher, above its industry range.

Both look rich against book: Zscaler (ZS) at 12.40 sits in the upper P/B ratio quartile, and Quantinuum (QNT) at 64.89 prices even higher, above its industry range.

Valuation Metrics