IonQ, Inc. (IONQ) vs Seagate Technology Holdings PLC (STX)

IonQ, Inc. and Seagate Technology Holdings PLC are both Computer Hardware companies. Seagate Technology Holdings PLC is the larger, with a market value of $209.2B against $18.2B — 11.5× the size. IonQ, Inc. has negative trailing earnings, so its P/E is not meaningful; Seagate Technology Holdings PLC trades at 63.4×. IonQ, Inc. grew revenue faster over the last twelve months: 370.6% against 34.1%. Seagate Technology Holdings PLC has the higher net margin (26.1% vs −553.3%) and the higher return on invested capital (63.5% vs −51.5%). Across the 18 metrics below, Seagate Technology Holdings PLC leads on 14 and IonQ, Inc. on 4.

Valuation

Metric IONQ STX Computer Hardware median
P/E n/m 63.40 20.64
P/S 68.01 16.46 2.95
P/B 5.02 92.66 2.78
Price to free cash flow n/m 64.67 25.64
EV/EBITDA n/m 46.37 20.51
EV/Sales 59.41 16.62 3.48
Earnings yield (9.52%) 1.58% (4.08%)
Free cash flow yield (2.90%) 1.55% (2.90%)

Profitability

Metric IONQ STX Computer Hardware median
Gross margin 29.32% 45.58% 37.84%
Operating margin (408.24%) 33.57% (0.80%)
Net margin (553.27%) 26.11% (14.15%)
Free cash flow margin (196.32%) 25.46% 0.00%
Return on equity (60.37%) 371.53% (2.10%)
Return on assets (33.57%) 35.39% (0.42%)
Return on invested capital (51.52%) 63.52% 0.00%

Growth

Metric IONQ STX Computer Hardware median
Revenue growth (TTM) 370.64% 34.06% 27.21%
EPS growth (last fiscal year) (16.67%) 105.32% —
Revenue growth, 5-year CAGR — 2.69% 0.81%
Net income growth, 5-year CAGR 0.00% 19.36% 0.00%

Health

Metric IONQ STX Computer Hardware median
Debt to equity 0.00 1.65 0.00
Current ratio 10.66 1.67 2.76
Net debt to EBITDA 4.27 0.43 0.46

Dividend

Metric IONQ STX Computer Hardware median
Dividend yield — 3.18% 2.47%
Payout ratio 0.00 0.54 0.00

Size

Metric IONQ STX Computer Hardware median
Market cap 18.18b 209.18b 462.08m

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