IQM Quantum Computers Oyj (IQMX) vs D-Wave Quantum Inc. (QBTS)

IQM Quantum Computers Oyj and D-Wave Quantum Inc. are both Computer Hardware companies. D-Wave Quantum Inc. is the larger, with a market value of $4.4B against $1.7B — 2.5× the size. IQM Quantum Computers Oyj has the higher net margin (0.00% vs −2,001.6%) and the higher return on invested capital (0.00% vs −18.6%). Across the 11 metrics below, IQM Quantum Computers Oyj leads on 9 and D-Wave Quantum Inc. on 2.

Valuation

Metric IQMX QBTS Computer Hardware median
P/E n/m n/m 17.34
P/S n/m 317.27 2.60
P/B n/m 3.64 1.93
Price to free cash flow n/m n/m 31.83
EV/EBITDA n/m n/m 13.32
EV/Sales n/m 276.12 1.90
Earnings yield (12.03%) (6.68%) (12.03%)
Free cash flow yield (0.15%) (3.04%) (4.28%)

Profitability

Metric IQMX QBTS Computer Hardware median
Gross margin — 64.19% 34.69%
Operating margin 0.00% (1,372.88%) (0.80%)
Net margin 0.00% (2,001.59%) (14.15%)
Free cash flow margin 0.00% (963.82%) 0.00%
Return on equity 0.00% (27.98%) 0.00%
Return on assets 0.00% (24.84%) 0.00%
Return on invested capital 0.00% (18.64%) 0.00%

Growth

Metric IQMX QBTS Computer Hardware median
Revenue growth (TTM) — (44.22%) 27.21%
EPS growth (last fiscal year) — (48.00%) 27.72%
Revenue growth, 5-year CAGR — 36.65% 1.14%
Net income growth, 5-year CAGR — 0.00% 0.00%

Health

Metric IQMX QBTS Computer Hardware median
Debt to equity 0.00 0.03 0.00
Current ratio 9.11 20.55 2.80
Net debt to EBITDA 2.88 8.65 0.46

Dividend

Metric IQMX QBTS Computer Hardware median
Dividend yield — — 1.19%
Payout ratio — — 0.26

Size

Metric IQMX QBTS Computer Hardware median
Market cap 1.74b 4.39b 451.43m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack