D-Wave Quantum Inc. (QBTS) vs Rigetti Computing, Inc. (RGTI)

D-Wave Quantum Inc. and Rigetti Computing, Inc. are both Computer Hardware companies. D-Wave Quantum Inc. is the larger, with a market value of $6.7B against $5.5B — 1.2× the size. Rigetti Computing, Inc. grew revenue faster over the last twelve months: 68.5% against −44.2%. Rigetti Computing, Inc. has the higher net margin (−1,787.4% vs −2,001.6%) and the lower return on invested capital (−42.3% vs −18.6%). Across the 17 metrics below, Rigetti Computing, Inc. leads on 10 and D-Wave Quantum Inc. on 7.

Valuation

Metric QBTS RGTI Computer Hardware median
P/E n/m n/m 20.64
P/S 519.62 415.74 2.95
P/B 5.96 10.33 2.78
Price to free cash flow n/m n/m 25.64
EV/EBITDA n/m n/m 20.51
EV/Sales 478.48 387.25 3.48
Earnings yield (4.08%) (4.44%) (4.08%)
Free cash flow yield (1.86%) (1.58%) (2.90%)

Profitability

Metric QBTS RGTI Computer Hardware median
Gross margin 64.19% 34.61% 37.84%
Operating margin (1,372.88%) (727.62%) (0.80%)
Net margin (2,001.59%) (1,787.40%) (14.15%)
Free cash flow margin (963.82%) (655.90%) 0.00%
Return on equity (27.98%) (43.77%) (2.10%)
Return on assets (24.84%) (37.15%) (0.42%)
Return on invested capital (18.64%) (42.25%) 0.00%

Growth

Metric QBTS RGTI Computer Hardware median
Revenue growth (TTM) (44.22%) 68.49% 27.21%
EPS growth (last fiscal year) (48.00%) 35.78% —
Revenue growth, 5-year CAGR 36.65% — 0.81%
Net income growth, 5-year CAGR 0.00% 0.00% 0.00%

Health

Metric QBTS RGTI Computer Hardware median
Debt to equity 0.03 0.00 0.00
Current ratio 20.55 3.94 2.76
Net debt to EBITDA 8.65 5.13 0.46

Dividend

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

Size

Metric QBTS RGTI Computer Hardware median
Market cap 6.66b 5.52b 462.08m

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