D-Wave Quantum Inc. (QBTS) vs Quantum Computing Inc. (QUBT)

D-Wave Quantum Inc. and Quantum Computing Inc. are both Computer Hardware companies. D-Wave Quantum Inc. is the larger, with a market value of $6.7B against $2.1B — 3.2× the size. D-Wave Quantum Inc. has the higher net margin (−2,001.6% vs −14,138.8%) and the lower return on invested capital (−18.6% vs 0.00%). Across the 16 metrics below, D-Wave Quantum Inc. leads on 10 and Quantum Computing Inc. on 6.

Valuation

Metric QBTS QUBT Computer Hardware median
P/E n/m n/m 20.64
P/S 519.62 2,365.86 2.95
P/B 5.96 8.28 2.78
Price to free cash flow n/m n/m 25.64
EV/EBITDA n/m n/m 20.51
EV/Sales 478.48 2,359.85 3.48
Earnings yield (4.08%) (0.78%) (4.08%)
Free cash flow yield (1.86%) (3.07%) (2.90%)

Profitability

Metric QBTS QUBT Computer Hardware median
Gross margin 64.19% (9,391.00%) 37.84%
Operating margin (1,372.88%) 0.00% (0.80%)
Net margin (2,001.59%) (14,138.75%) (14.15%)
Free cash flow margin (963.82%) (7,255.80%) 0.00%
Return on equity (27.98%) (48.62%) (2.10%)
Return on assets (24.84%) 0.00% (0.42%)
Return on invested capital (18.64%) 0.00% 0.00%

Growth

Metric QBTS QUBT Computer Hardware median
Revenue growth (TTM) (44.22%) — 27.21%
EPS growth (last fiscal year) (48.00%) 84.93% —
Revenue growth, 5-year CAGR 36.65% — 0.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric QBTS QUBT Computer Hardware median
Debt to equity 0.03 0.07 0.00
Current ratio 20.55 1.00 2.76
Net debt to EBITDA 8.65 (0.13) 0.46

Dividend

Metric QBTS QUBT Computer Hardware median
Dividend yield — — 2.47%
Payout ratio 0.00 0.00 0.00

Size

Metric QBTS QUBT Computer Hardware median
Market cap 6.66b 2.08b 462.08m

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