HP Inc. (HPQ) vs Rigetti Computing, Inc. (RGTI)

HP Inc. and Rigetti Computing, Inc. are both Computer Hardware companies. HP Inc. is the larger, with a market value of $28.0B against $5.5B — 5.1× the size. Rigetti Computing, Inc. has negative trailing earnings, so its P/E is not meaningful; HP Inc. trades at 11.8×. Rigetti Computing, Inc. grew revenue faster over the last twelve months: 68.5% against 8.14%. HP Inc. has the higher net margin (4.14% vs −1,787.4%) and the higher return on invested capital (55.8% vs −42.3%). Across the 17 metrics below, HP Inc. leads on 11 and Rigetti Computing, Inc. on 6.

Valuation

Metric HPQ RGTI Computer Hardware median
P/E 11.80 n/m 20.64
P/S 0.49 415.74 2.95
P/B n/m 10.33 2.78
Price to free cash flow 7.41 n/m 25.64
EV/EBITDA 7.81 n/m 20.51
EV/Sales 0.55 387.25 3.48
Earnings yield 8.47% (4.44%) (4.08%)
Free cash flow yield 13.50% (1.58%) (2.90%)

Profitability

Metric HPQ RGTI Computer Hardware median
Gross margin 19.87% 34.61% 37.84%
Operating margin 5.45% (727.62%) (0.80%)
Net margin 4.14% (1,787.40%) (14.15%)
Free cash flow margin 6.56% (655.90%) 0.00%
Return on equity (493.66%) (43.77%) (2.10%)
Return on assets 5.73% (37.15%) (0.42%)
Return on invested capital 55.83% (42.25%) 0.00%

Growth

Metric HPQ RGTI Computer Hardware median
Revenue growth (TTM) 8.14% 68.49% 27.21%
EPS growth (last fiscal year) (5.69%) 35.78% —
Revenue growth, 5-year CAGR (0.48%) — 0.81%
Net income growth, 5-year CAGR (2.12%) 0.00% 0.00%

Health

Metric HPQ RGTI Computer Hardware median
Debt to equity (85.52) 0.00 0.00
Current ratio 0.79 3.94 2.76
Net debt to EBITDA 1.25 5.13 0.46

Dividend

Metric HPQ RGTI Computer Hardware median
Dividend yield 3.91% — 2.47%
Payout ratio 0.45 0.00 0.00

Size

Metric HPQ RGTI Computer Hardware median
Market cap 27.98b 5.52b 462.08m

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