IonQ, Inc. (IONQ) Financial Ratios
7 years of historical data (2019–2025) · Technology · Computer Hardware
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
N/A
—
5yr avg: N/A
P/B Ratio
↓
3.53
↓-54% vs avg
5yr avg: 7.67
30Y Low1.2·High23.2
ROE
↑
-28.6%
↓+19% vs avg
5yr avg: -35.2%
30Y Low-76%·High-8%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
IONQ Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
IonQ, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Market Cap | $17.4B | $12.6B | $8.9B | $2.5B | $682M | $3.2B | — | — |
| Enterprise Value | $16.4B | $11.6B | $8.9B | $2.5B | $642M | $2.8B | — | — |
| P/E Ratio → | -26.37 | — | — | — | — | — | — | — |
| P/S Ratio | 133.86 | 96.75 | 206.58 | 113.87 | 61.28 | 1543.96 | — | — |
| P/B Ratio | 3.53 | 3.30 | 23.18 | 5.18 | 1.20 | 5.48 | — | — |
| P/FCF | — | — | — | — | — | — | — | — |
| P/OCF | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
IONQ EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 89.05 | 205.73 | 112.62 | 57.66 | 1355.86 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — |
IONQ Profitability
Margins and return-on-capital ratios measuring operating efficiency
IonQ, Inc. earns an operating margin of -487.4%. Operating margins have expanded from -715.7% to -487.4% over the past 3 years, signaling improving operational efficiency. A negative ROE of -28.6% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 40.4% | 40.4% | 8.9% | 63.2% | 23.2% | -70.9% | — | 56.0% |
| Operating Margin | -487.4% | -487.4% | -536.2% | -715.7% | -770.3% | -1843.1% | — | -4627.5% |
| Net Profit Margin | -462.5% | -462.5% | -770.0% | -715.8% | -435.8% | -5058.9% | — | -4467.5% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| ROE | -28.6% | -28.6% | -76.3% | -30.0% | -8.4% | -32.9% | -26.2% | -14.0% |
| ROA | -17.0% | -17.0% | -62.5% | -27.4% | -7.8% | -30.2% | -24.5% | -13.7% |
| ROIC | -30.1% | -30.1% | -43.1% | -24.0% | -17.8% | -26.6% | -87.4% | — |
| ROCE | -18.4% | -18.4% | -46.7% | -28.8% | -14.2% | -11.2% | -25.6% | -14.3% |
IONQ Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
The company holds a net cash position — cash of $1.0B exceeds total debt of $30M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.01 | 0.01 | 0.05 | 0.02 | 0.01 | 0.01 | 0.08 | 0.01 |
| Debt / EBITDA | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.26 | -0.10 | -0.06 | -0.07 | -0.67 | -0.59 | -0.92 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — |
| Debt / FCF | — | — | — | — | — | — | — | — |
| Interest Coverage | — | — | — | — | — | — | — | — |
Net cash position: cash ($1.0B) exceeds total debt ($30M)
IONQ Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
IonQ, Inc.'s current ratio of 15.50x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The current ratio has improved from 10.49x to 15.50x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Current Ratio | 15.50 | 15.50 | 10.50 | 10.49 | 18.43 | 54.65 | 20.51 | 74.77 |
| Quick Ratio | 15.50 | 15.50 | 9.98 | 10.16 | 18.18 | 54.65 | 20.51 | 74.77 |
| Cash Ratio | 14.34 | 14.34 | 9.43 | 9.56 | 17.65 | 53.91 | 19.20 | 73.67 |
| Asset Turnover | — | 0.02 | 0.08 | 0.04 | 0.02 | 0.00 | — | 0.00 |
| Inventory Turnover | — | — | 2.10 | 0.65 | 1.66 | — | — | — |
| Days Sales Outstanding | — | 186.78 | 105.15 | 224.81 | 107.95 | 122.94 | — | 182.50 |
IONQ Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
IonQ, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — |
| FCF Yield | — | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $280M | $213M | $203M | $198M | $194M | $192M | $4M |
Peer Comparison
Compare IONQ with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 IONQYou | $17B | -26.4 | — | — | 40.4% | -487.4% | -28.6% | -30.1% | — |
 RGTI | $6B | -26.1 | — | — | 29.1% | -1194.4% | -64.3% | -22.0% | — |
 QBTS | $8B | -19.4 | — | — | 82.6% | -408.2% | -77.6% | -102.0% | — |
 QUBT | $2B | -86.9 | — | — | 9.8% | -7489.3% | -2.2% | -8.6% | — |
 IBM | $215B | 20.5 | 17.5 | 18.6 | 59.5% | 15.3% | 35.2% | 9.8% | 4.4 |
 GOOGL | $4.7T | 35.9 | 31.5 | 64.1 | 59.7% | 32.1% | 35.7% | 25.1% | 0.4 |
 MSFT | $3.1T | 30.2 | 19.3 | 42.7 | 68.8% | 45.6% | 33.3% | 24.9% | 0.7 |
 AMZN | $2.9T | 38.1 | 20.6 | 382.3 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 NVDA | $4.8T | 40.1 | 35.9 | 49.4 | 71.1% | 60.4% | 101.5% | 81.8% | 0.1 |
 INTC | $543B | -1836.7 | 49.3 | — | 34.8% | -0.0% | -0.2% | -0.0% | 4.0 |
 HON | $132B | 28.4 | 19.4 | 24.6 | 36.9% | 17.5% | 27.3% | 12.6% | 4.3 |
| Technology Median | — | 26.7 | 17.5 | 19.5 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 7 years · Updated daily
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Start ComparisonIONQ — Frequently Asked Questions
Quick answers to the most common questions about buying IONQ stock.
What is IonQ, Inc.'s P/E ratio?
IonQ, Inc.'s current P/E ratio is -26.4x. This places it at the 50th percentile of its historical range.
What is IonQ, Inc.'s ROE?
IonQ, Inc.'s return on equity (ROE) is -28.6%. The historical average is -30.9%.
Is IONQ stock overvalued?
Based on historical data, IonQ, Inc. is trading at a P/E of -26.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are IonQ, Inc.'s profit margins?
IonQ, Inc. has 40.4% gross margin and -487.4% operating margin.