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QBTS vs IONQ vs RGTI vs QUBT
Revenue, margins, valuation, and 5-year total return — side by side.
Computer Hardware
Computer Hardware
Computer Hardware
QBTS vs IONQ vs RGTI vs QUBT — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | ||||
|---|---|---|---|---|
| Industry | Computer Hardware | Computer Hardware | Computer Hardware | Computer Hardware |
| Market Cap | $7.82B | $17.49B | $6.08B | $2.08B |
| Revenue (TTM) | $25M | $187M | $7M | $682K |
| Net Income (TTM) | $-355M | $277M | $-216M | $-19M |
| Gross Margin | 82.6% | 38.1% | 29.1% | -133.1% |
| Operating Margin | -408.2% | -443.3% | -11.9% | -74.9% |
| Total Debt | $8M | $30M | $7M | $2M |
| Cash & Equiv. | $635M | $1.03B | $45M | $738M |
QBTS vs IONQ vs RGTI vs QUBT — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
| Stock | Apr 21 | May 26 | Return |
|---|---|---|---|
| D-Wave Quantum Inc. (QBTS) | 100 | 221.8 | +121.8% |
| IonQ, Inc. (IONQ) | 100 | 442.4 | +342.4% |
| Rigetti Computing, … (RGTI) | 100 | 184.7 | +84.7% |
| Quantum Computing, … (QUBT) | 100 | 157.6 | +57.6% |
Price return only. Dividends and distributions are not included.
Quick Verdict: QBTS vs IONQ vs RGTI vs QUBT
Each card shows where this stock fits in a portfolio — not just who wins on paper.
QBTS is the #2 pick in this set and the best alternative if momentum is your priority.
- +219.3% vs QUBT's +36.0%
IONQ carries the broadest edge in this set and is the clearest fit for income & stability and growth exposure.
- beta 2.91
- Rev growth 201.9%, EPS growth -16.7%, 3Y rev CAGR 126.9%
- 341.6% 10Y total return vs QUBT's 9.6K%
- Lower volatility, beta 2.91, Low D/E 0.8%, current ratio 15.50x
RGTI plays a supporting role in this comparison — it may shine differently against other peers.
QUBT lags the leaders in this set but could rank higher in a more targeted comparison.
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | 201.9% revenue growth vs RGTI's -34.3% | |
| Quality / Margins | 148.1% margin vs RGTI's -30.5% | |
| Stability / Safety | Beta 2.91 vs QUBT's 3.54 | |
| Dividends | Tie | None of these 4 stocks pay a meaningful dividend |
| Momentum (1Y) | +219.3% vs QUBT's +36.0% | |
| Efficiency (ROA) | 5.9% ROA vs RGTI's -39.3%, ROIC -30.1% vs -22.0% |
QBTS vs IONQ vs RGTI vs QUBT — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Segment breakdown not available.
QBTS vs IONQ vs RGTI vs QUBT — Financial Metrics
Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.
Who Leads Where
IONQ leads in 2 of 6 categories
QUBT leads 1 • QBTS leads 1 • RGTI leads 0 • 1 tied
Explore the data ↓Income & Cash Flow (Last 12 Months)
IONQ leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
IONQ is the larger business by revenue, generating $187M annually — 274.4x QUBT's $682,000. IONQ is the more profitable business, keeping 148.1% of every revenue dollar as net income compared to RGTI's -30.5%. On growth, IONQ holds the edge at +7.5% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | ||||
|---|---|---|---|---|
| RevenueTrailing 12 months | $25M | $187M | $7M | $682,000 |
| EBITDAEarnings before interest/tax | -$99M | -$711M | -$76M | -$47M |
| Net IncomeAfter-tax profit | -$355M | $277M | -$216M | -$19M |
| Free Cash FlowCash after capex | -$76M | -$425M | -$77M | -$37M |
| Gross MarginGross profit ÷ Revenue | +82.6% | +38.1% | +29.1% | -133.1% |
| Operating MarginEBIT ÷ Revenue | -4.1% | -4.4% | -11.9% | -74.9% |
| Net MarginNet income ÷ Revenue | -14.4% | +148.1% | -30.5% | -27.4% |
| FCF MarginFCF ÷ Revenue | -3.1% | -2.3% | -10.9% | -54.2% |
| Rev. Growth (YoY)Latest quarter vs prior year | +19.2% | +7.5% | -17.9% | +2.2% |
| EPS Growth (YoY)Latest quarter vs prior year | +67.6% | +15.8% | +93.1% | +98.7% |
Valuation Metrics
QUBT leads this category, winning 2 of 3 comparable metrics.
Valuation Metrics
| Metric | ||||
|---|---|---|---|---|
| Market CapShares × price | $7.8B | $17.5B | $6.1B | $2.1B |
| Enterprise ValueMkt cap + debt − cash | $7.2B | $16.5B | $6.0B | $1.3B |
| Trailing P/EPrice ÷ TTM EPS | -19.82x | -26.20x | -26.20x | -87.55x |
| Forward P/EPrice ÷ next-FY EPS est. | — | — | — | — |
| PEG RatioP/E ÷ EPS growth rate | — | — | — | — |
| EV / EBITDAEnterprise value multiple | — | — | — | — |
| Price / SalesMarket cap ÷ Revenue | 318.15x | 134.48x | 857.19x | 3050.82x |
| Price / BookPrice ÷ Book value/share | 8.29x | 3.51x | 10.40x | 0.99x |
| Price / FCFMarket cap ÷ FCF | — | — | — | — |
Profitability & Efficiency
Evenly matched — IONQ and QUBT each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
IONQ delivers a 9.0% return on equity — every $100 of shareholder capital generates $9 in annual profit, vs $-52 for RGTI. QUBT carries lower financial leverage with a 0.00x debt-to-equity ratio, signaling a more conservative balance sheet compared to RGTI's 0.01x. On the Piotroski fundamental quality scale (0–9), QBTS scores 5/9 vs QUBT's 4/9, reflecting solid financial health.
| Metric | ||||
|---|---|---|---|---|
| ROE (TTM)Return on equity | -41.7% | +9.0% | -51.5% | -2.4% |
| ROA (TTM)Return on assets | -38.8% | +5.9% | -39.3% | -2.3% |
| ROICReturn on invested capital | -102.0% | -30.1% | -22.0% | -8.6% |
| ROCEReturn on capital employed | -18.9% | -18.4% | -18.3% | -5.8% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 5 | 4 | 4 |
| Debt / EquityFinancial leverage | 0.01x | 0.01x | 0.01x | 0.00x |
| Net DebtTotal debt minus cash | -$628M | -$1.0B | -$38M | -$736M |
| Cash & Equiv.Liquid assets | $635M | $1.0B | $45M | $738M |
| Total DebtShort + long-term debt | $8M | $30M | $7M | $2M |
| Interest CoverageEBIT ÷ Interest expense | — | — | — | -105.86x |
Total Returns (Dividends Reinvested)
QBTS leads this category, winning 3 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in IONQ five years ago would be worth $46,709 today (with dividends reinvested), compared to $18,525 for RGTI. Over the past 12 months, QBTS leads with a +219.3% total return vs QUBT's +36.0%. The 3-year compound annual growth rate (CAGR) favors QBTS at 2.8% vs QUBT's 95.9% — a key indicator of consistent wealth creation.
| Metric | ||||
|---|---|---|---|---|
| YTD ReturnYear-to-date | -21.8% | +2.0% | -22.3% | -12.5% |
| 1-Year ReturnPast 12 months | +219.3% | +63.7% | +98.3% | +36.0% |
| 3-Year ReturnCumulative with dividends | +5183.4% | +675.4% | +3960.2% | +652.3% |
| 5-Year ReturnCumulative with dividends | +122.2% | +367.1% | +85.3% | +101.5% |
| 10-Year ReturnCumulative with dividends | +116.7% | +341.6% | +85.3% | +962900.1% |
| CAGR (3Y)Annualised 3-year return | +2.8% | +97.9% | +2.4% | +95.9% |
Risk & Volatility
IONQ leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
IONQ is the less volatile stock with a 2.91 beta — it tends to amplify market swings less than QUBT's 3.54 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. IONQ currently trades 56.3% from its 52-week high vs RGTI's 31.5% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | ||||
|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 3.48x | 2.91x | 3.39x | 3.54x |
| 52-Week HighHighest price in past year | $46.75 | $84.64 | $58.15 | $25.84 |
| 52-Week LowLowest price in past year | $6.82 | $25.89 | $9.14 | $6.18 |
| % of 52W HighCurrent price vs 52-week peak | +47.1% | +56.3% | +31.5% | +37.3% |
| RSI (14)Momentum oscillator 0–100 | 69.9 | 72.7 | 66.3 | 67.8 |
| Avg Volume (50D)Average daily shares traded | 25.1M | 26.4M | 27.6M | 12.5M |
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: QBTS as "Buy", IONQ as "Buy", RGTI as "Buy", QUBT as "Buy". Consensus price targets imply 94.7% upside for RGTI (target: $36) vs 39.4% for IONQ (target: $67).
| Metric | ||||
|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $38.89 | $66.50 | $35.71 | $16.00 |
| # AnalystsCovering analysts | 13 | 6 | 7 | 4 |
| Dividend YieldAnnual dividend ÷ price | — | — | — | — |
| Dividend StreakConsecutive years of raises | — | — | — | 0 |
| Dividend / ShareAnnual DPS | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.5% | 0.0% | 0.0% | 0.0% |
IONQ leads in 2 of 6 categories (Income & Cash Flow, Risk & Volatility). QUBT leads in 1 (Valuation Metrics). 1 tied.
QBTS vs IONQ vs RGTI vs QUBT: Key Questions Answered
8 questions · data-driven answers · updated daily
01Is QBTS or IONQ or RGTI or QUBT a better buy right now?
For growth investors, IonQ, Inc.
(IONQ) is the stronger pick with 201. 9% revenue growth year-over-year, versus -34. 3% for Rigetti Computing, Inc. (RGTI). Analysts rate D-Wave Quantum Inc. (QBTS) a "Buy" — based on 13 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — QBTS or IONQ or RGTI or QUBT?
Over the past 5 years, IonQ, Inc.
(IONQ) delivered a total return of +367. 1%, compared to +85. 3% for Rigetti Computing, Inc. (RGTI). Over 10 years, the gap is even starker: QUBT returned +9629% versus RGTI's +85. 3%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — QBTS or IONQ or RGTI or QUBT?
By beta (market sensitivity over 5 years), IonQ, Inc.
(IONQ) is the lower-risk stock at 2. 91β versus Quantum Computing, Inc. 's 3. 54β — meaning QUBT is approximately 22% more volatile than IONQ relative to the S&P 500. On balance sheet safety, Quantum Computing, Inc. (QUBT) carries a lower debt/equity ratio of 0% versus 1% for Rigetti Computing, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — QBTS or IONQ or RGTI or QUBT?
By revenue growth (latest reported year), IonQ, Inc.
(IONQ) is pulling ahead at 201. 9% versus -34. 3% for Rigetti Computing, Inc. (RGTI). On earnings-per-share growth, the picture is similar: Quantum Computing, Inc. grew EPS 84. 9% year-over-year, compared to -48. 0% for D-Wave Quantum Inc.. Over a 3-year CAGR, IONQ leads at 126. 9% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — QBTS or IONQ or RGTI or QUBT?
IonQ, Inc.
(IONQ) is the more profitable company, earning -392. 6% net margin versus -30. 5% for Rigetti Computing, Inc. — meaning it keeps -392. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: QBTS leads at -408. 2% versus -74. 9% for QUBT. At the gross margin level — before operating expenses — QBTS leads at 82. 6%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Which pays a better dividend — QBTS or IONQ or RGTI or QUBT?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
07Is QBTS or IONQ or RGTI or QUBT better for a retirement portfolio?
For long-horizon retirement investors, Quantum Computing, Inc.
(QUBT) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (+9629% 10Y return). Rigetti Computing, Inc. (RGTI) carries a higher beta of 3. 39 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (QUBT: +9629%, RGTI: +85. 3%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
08What are the main differences between QBTS and IONQ and RGTI and QUBT?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: QBTS is a small-cap high-growth stock; IONQ is a mid-cap high-growth stock; RGTI is a small-cap quality compounder stock; QUBT is a small-cap high-growth stock. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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