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Stock Comparison

QBTS vs RGTI vs IONQ vs QUBT

Revenue, margins, valuation, and 5-year total return — side by side.

Live fundamentals10-year financials5-year price chart
QBTS
D-Wave Quantum Inc.

Computer Hardware

TechnologyNYSE • CA
Market Cap$7.82B
5Y Perf.+121.8%
RGTI
Rigetti Computing, Inc.

Computer Hardware

TechnologyNASDAQ • US
Market Cap$6.08B
5Y Perf.+84.7%
IONQ
IonQ, Inc.

Computer Hardware

TechnologyNYSE • US
Market Cap$17.49B
5Y Perf.+342.4%
QUBT
Quantum Computing, Inc.

Computer Hardware

TechnologyNASDAQ • US
Market Cap$2.08B
5Y Perf.+57.6%

QBTS vs RGTI vs IONQ vs QUBT — Key Financials

Market cap, revenue, margins, and valuation side-by-side.

Company Snapshot
QBTS logoQBTS
RGTI logoRGTI
IONQ logoIONQ
QUBT logoQUBT
IndustryComputer HardwareComputer HardwareComputer HardwareComputer Hardware
Market Cap$7.82B$6.08B$17.49B$2.08B
Revenue (TTM)$25M$7M$187M$682K
Net Income (TTM)$-355M$-216M$277M$-19M
Gross Margin82.6%29.1%38.1%-133.1%
Operating Margin-408.2%-11.9%-443.3%-74.9%
Total Debt$8M$7M$30M$2M
Cash & Equiv.$635M$45M$1.03B$738M

QBTS vs RGTI vs IONQ vs QUBTLong-Term Stock Performance

Price return indexed to 100 at period start. Dividends excluded.

QBTS
RGTI
IONQ
QUBT
StockApr 21May 26Return
D-Wave Quantum Inc. (QBTS)100221.8+121.8%
Rigetti Computing, … (RGTI)100184.7+84.7%
IonQ, Inc. (IONQ)100442.4+342.4%
Quantum Computing, … (QUBT)100157.6+57.6%

Price return only. Dividends and distributions are not included.

Quick Verdict: QBTS vs RGTI vs IONQ vs QUBT

Each card shows where this stock fits in a portfolio — not just who wins on paper.

Bottom line: IONQ leads in 4 of 6 categories, making it the strongest pick for growth and revenue expansion and profitability and margin quality. D-Wave Quantum Inc. is the stronger pick specifically for recent price momentum and sentiment. As sector peers, any of these can serve as alternatives in the same allocation.
QBTS
D-Wave Quantum Inc.
The Momentum Pick

QBTS is the #2 pick in this set and the best alternative if momentum is your priority.

  • +219.3% vs QUBT's +36.0%
Best for: momentum
RGTI
Rigetti Computing, Inc.
The Specific-Use Pick

RGTI plays a supporting role in this comparison — it may shine differently against other peers.

Best for: technology exposure
IONQ
IonQ, Inc.
The Income Pick

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
Best for: income & stability and growth exposure
QUBT
Quantum Computing, Inc.
The Growth Angle

QUBT lags the leaders in this set but could rank higher in a more targeted comparison.

Best for: technology exposure
See the full category breakdown
CategoryWinnerWhy
GrowthIONQ logoIONQ201.9% revenue growth vs RGTI's -34.3%
Quality / MarginsIONQ logoIONQ148.1% margin vs RGTI's -30.5%
Stability / SafetyIONQ logoIONQBeta 2.91 vs QUBT's 3.54
DividendsTieNone of these 4 stocks pay a meaningful dividend
Momentum (1Y)QBTS logoQBTS+219.3% vs QUBT's +36.0%
Efficiency (ROA)IONQ logoIONQ5.9% ROA vs RGTI's -39.3%, ROIC -30.1% vs -22.0%

QBTS vs RGTI vs IONQ vs QUBT — Revenue Breakdown by Segment

How each company's revenue is distributed across its business units

QBTSD-Wave Quantum Inc.
FY 2025
System Sales
84.9%$16M
Professional Services
14.3%$3M
Product and Service, Other
0.9%$168,000
RGTIRigetti Computing, Inc.
FY 2025
Access to quantum computing systems
100.0%$412,000
IONQIonQ, Inc.

Segment breakdown not available.

QUBTQuantum Computing, Inc.
FY 2025
Service
54.0%$368,000
Product
46.0%$314,000

QBTS vs RGTI vs IONQ vs QUBT — Financial Metrics

Side-by-side numbers across 4 stocks — who leads on profitability, valuation, growth, and risk.

BEST OVERALLIONQLAGGINGRGTI

Income & Cash Flow (Last 12 Months)

IONQ leads this category, winning 4 of 6 comparable metrics.

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.

MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
RevenueTrailing 12 months$25M$7M$187M$682,000
EBITDAEarnings before interest/tax-$99M-$76M-$711M-$47M
Net IncomeAfter-tax profit-$355M-$216M$277M-$19M
Free Cash FlowCash after capex-$76M-$77M-$425M-$37M
Gross MarginGross profit ÷ Revenue+82.6%+29.1%+38.1%-133.1%
Operating MarginEBIT ÷ Revenue-4.1%-11.9%-4.4%-74.9%
Net MarginNet income ÷ Revenue-14.4%-30.5%+148.1%-27.4%
FCF MarginFCF ÷ Revenue-3.1%-10.9%-2.3%-54.2%
Rev. Growth (YoY)Latest quarter vs prior year+19.2%-17.9%+7.5%+2.2%
EPS Growth (YoY)Latest quarter vs prior year+67.6%+93.1%+15.8%+98.7%
IONQ leads this category, winning 4 of 6 comparable metrics.

Valuation Metrics

QUBT leads this category, winning 2 of 3 comparable metrics.
MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
Market CapShares × price$7.8B$6.1B$17.5B$2.1B
Enterprise ValueMkt cap + debt − cash$7.2B$6.0B$16.5B$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 ÷ Revenue318.15x857.19x134.48x3050.82x
Price / BookPrice ÷ Book value/share8.29x10.40x3.51x0.99x
Price / FCFMarket cap ÷ FCF
QUBT leads this category, winning 2 of 3 comparable metrics.

Profitability & Efficiency

Evenly matched — IONQ and QUBT each lead in 4 of 8 comparable metrics.

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.

MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
ROE (TTM)Return on equity-41.7%-51.5%+9.0%-2.4%
ROA (TTM)Return on assets-38.8%-39.3%+5.9%-2.3%
ROICReturn on invested capital-102.0%-22.0%-30.1%-8.6%
ROCEReturn on capital employed-18.9%-18.3%-18.4%-5.8%
Piotroski ScoreFundamental quality 0–95454
Debt / EquityFinancial leverage0.01x0.01x0.01x0.00x
Net DebtTotal debt minus cash-$628M-$38M-$1.0B-$736M
Cash & Equiv.Liquid assets$635M$45M$1.0B$738M
Total DebtShort + long-term debt$8M$7M$30M$2M
Interest CoverageEBIT ÷ Interest expense-105.86x
Evenly matched — IONQ and QUBT each lead in 4 of 8 comparable metrics.

Total Returns (Dividends Reinvested)

QBTS leads this category, winning 3 of 6 comparable metrics.

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.

MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
YTD ReturnYear-to-date-21.8%-22.3%+2.0%-12.5%
1-Year ReturnPast 12 months+219.3%+98.3%+63.7%+36.0%
3-Year ReturnCumulative with dividends+5183.4%+3960.2%+675.4%+652.3%
5-Year ReturnCumulative with dividends+122.2%+85.3%+367.1%+101.5%
10-Year ReturnCumulative with dividends+116.7%+85.3%+341.6%+962900.1%
CAGR (3Y)Annualised 3-year return+2.8%+2.4%+97.9%+95.9%
QBTS leads this category, winning 3 of 6 comparable metrics.

Risk & Volatility

IONQ leads this category, winning 2 of 2 comparable metrics.

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.

MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
Beta (5Y)Sensitivity to S&P 5003.48x3.39x2.91x3.54x
52-Week HighHighest price in past year$46.75$58.15$84.64$25.84
52-Week LowLowest price in past year$6.82$9.14$25.89$6.18
% of 52W HighCurrent price vs 52-week peak+47.1%+31.5%+56.3%+37.3%
RSI (14)Momentum oscillator 0–10069.966.372.767.8
Avg Volume (50D)Average daily shares traded25.1M27.6M26.4M12.5M
IONQ leads this category, winning 2 of 2 comparable metrics.

Analyst Outlook

Insufficient data to determine a leader in this category.

Analyst consensus: QBTS as "Buy", RGTI as "Buy", IONQ as "Buy", QUBT as "Buy". Consensus price targets imply 94.7% upside for RGTI (target: $36) vs 39.4% for IONQ (target: $67).

MetricQBTS logoQBTSD-Wave Quantum In…RGTI logoRGTIRigetti Computing…IONQ logoIONQIonQ, Inc.QUBT logoQUBTQuantum Computing…
Analyst RatingConsensus buy/hold/sellBuyBuyBuyBuy
Price TargetConsensus 12-month target$38.89$35.71$66.50$16.00
# AnalystsCovering analysts13764
Dividend YieldAnnual dividend ÷ price
Dividend StreakConsecutive years of raises0
Dividend / ShareAnnual DPS
Buyback YieldShare repurchases ÷ mkt cap+0.5%0.0%0.0%0.0%
Insufficient data to determine a leader in this category.
Key Takeaway

IONQ leads in 2 of 6 categories (Income & Cash Flow, Risk & Volatility). QUBT leads in 1 (Valuation Metrics). 1 tied.

Best OverallIonQ, Inc. (IONQ)Leads 2 of 6 categories
Loading custom metrics...

QBTS vs RGTI vs IONQ vs QUBT: Key Questions Answered

8 questions · data-driven answers · updated daily

01

Is QBTS or RGTI or IONQ 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.

02

Which is the better long-term investment — QBTS or RGTI or IONQ 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.

03

Which is safer — QBTS or RGTI or IONQ 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.

04

Which is growing faster — QBTS or RGTI or IONQ 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.

05

Which has better profit margins — QBTS or RGTI or IONQ 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.

06

Which pays a better dividend — QBTS or RGTI or IONQ 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.

07

Is QBTS or RGTI or IONQ 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.

08

What are the main differences between QBTS and RGTI and IONQ 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; RGTI is a small-cap quality compounder stock; IONQ is a mid-cap high-growth 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.

Find Stocks Like These

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Stocks Like

QBTS

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 9%
  • Gross Margin > 49%
Run This Screen
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RGTI

Quality Business

  • Sector: Technology
  • Market Cap > $100B
  • Gross Margin > 17%
Run This Screen
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IONQ

High-Growth Quality Leader

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 377%
  • Net Margin > 88%
Run This Screen
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QUBT

High-Growth Disruptor

  • Sector: Technology
  • Market Cap > $100B
  • Revenue Growth > 109%
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Beat Both

Find stocks that outperform QBTS and RGTI and IONQ and QUBT on the metrics below

Revenue Growth>
%
(QBTS: 19.2% · RGTI: -17.9%)

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