IonQ, Inc. (IONQ) vs Logitech International S.A. (LOGI)

IonQ, Inc. and Logitech International S.A. are both Computer Hardware companies. Logitech International S.A. is the larger, with a market value of $13.5B against $11.4B — 1.2× the size. Logitech International S.A. trades at the lower P/E: 17.6× against 40.8×. IonQ, Inc. grew revenue faster over the last twelve months: 376.5% against 5.74%. IonQ, Inc. has the higher net margin (67.1% vs 16.4%) and the lower return on invested capital (−19.7% vs 84.0%). Across the 18 metrics below, Logitech International S.A. leads on 13 and IonQ, Inc. on 5.

Valuation

Metric IONQ LOGI Computer Hardware median
P/E 40.76 17.58 19.24
P/S 27.48 2.84 2.27
P/B 2.08 6.50 1.56
Price to free cash flow n/m 14.76 23.09
EV/EBITDA n/m 13.16 12.97
EV/Sales 24.85 2.54 1.70
Earnings yield 2.45% 5.69% (8.82%)
Free cash flow yield (6.49%) 6.78% (6.63%)

Profitability

Metric IONQ LOGI Computer Hardware median
Gross margin 24.10% 45.48% 34.67%
Operating margin (333.94%) 17.79% (0.80%)
Net margin 67.09% 16.36% (0.75%)
Free cash flow margin (169.50%) 19.25% 0.00%
Return on equity 6.98% 38.16% 0.00%
Return on assets 4.19% 21.25% 0.00%
Return on invested capital (19.72%) 83.98% 0.00%

Growth

Metric IONQ LOGI Computer Hardware median
Revenue growth (TTM) 376.53% 5.74% 27.21%
EPS growth (last fiscal year) (16.67%) 16.22% 27.72%
Revenue growth, 5-year CAGR — (1.62%) 1.14%
Net income growth, 5-year CAGR 0.00% (5.57%) 0.00%

Health

Metric IONQ LOGI Computer Hardware median
Debt to equity 0.00 0.00 0.00
Current ratio 4.24 2.13 2.80
Net debt to EBITDA 4.27 (2.04) 0.46

Dividend

Metric IONQ LOGI Computer Hardware median
Dividend yield — 1.74% 1.25%
Payout ratio — 0.31 0.23

Size

Metric IONQ LOGI Computer Hardware median
Market cap 11.35b 13.50b 362.57m

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