IonQ, Inc. (IONQ) vs Super Micro Computer, Inc. (SMCI)

IonQ, Inc. and Super Micro Computer, Inc. are both Computer Hardware companies. Super Micro Computer, Inc. is the larger, with a market value of $27.7B against $18.2B — 1.5× the size. IonQ, Inc. has negative trailing earnings, so its P/E is not meaningful; Super Micro Computer, Inc. trades at 12.1×. IonQ, Inc. grew revenue faster over the last twelve months: 370.6% against 77.8%. Super Micro Computer, Inc. has the higher net margin (5.71% vs −553.3%) and the higher return on invested capital (11.0% vs −51.5%). Across the 18 metrics below, Super Micro Computer, Inc. leads on 13 and IonQ, Inc. on 5.

Valuation

Metric IONQ SMCI Computer Hardware median
P/E n/m 12.05 20.64
P/S 68.01 0.67 2.95
P/B 5.02 2.54 2.78
Price to free cash flow n/m n/m 25.64
EV/EBITDA n/m 9.43 20.51
EV/Sales 59.41 0.70 3.48
Earnings yield (9.52%) 8.30% (4.08%)
Free cash flow yield (2.90%) (26.73%) (2.90%)

Profitability

Metric IONQ SMCI Computer Hardware median
Gross margin 29.32% 10.82% 37.84%
Operating margin (408.24%) 7.09% (0.80%)
Net margin (553.27%) 5.71% (14.15%)
Free cash flow margin (196.32%) (17.81%) 0.00%
Return on equity (60.37%) 26.95% (2.10%)
Return on assets (33.57%) 10.15% (0.42%)
Return on invested capital (51.52%) 11.04% 0.00%

Growth

Metric IONQ SMCI Computer Hardware median
Revenue growth (TTM) 370.64% 77.79% 27.21%
EPS growth (last fiscal year) (16.67%) 94.05% —
Revenue growth, 5-year CAGR — 61.48% 0.81%
Net income growth, 5-year CAGR 0.00% 81.94% 0.00%

Health

Metric IONQ SMCI Computer Hardware median
Debt to equity 0.00 0.60 0.00
Current ratio 10.66 3.87 2.76
Net debt to EBITDA 4.27 0.42 0.46

Dividend

Metric IONQ SMCI Computer Hardware median
Dividend yield — — 2.47%
Payout ratio 0.00 0.00 0.00

Size

Metric IONQ SMCI Computer Hardware median
Market cap 18.18b 27.73b 462.08m

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