ARQQ vs QNC vs INFQ Stock Comparison

Arqit Quantum, Quantum eMotion and Infleqtion Prices as of Oct 28, 2026 Peers: Industry group
ARQQ Arqit Quantum Inc.
$18.47 -25.0% 1M -57.0% 1Y
Market cap
$245.71M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
QNC Quantum eMotion Corp
$1.10 -50.2% 1M
Market cap
$204.44M
P/E
472.1x
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
1 win
INFQ Infleqtion, Inc.
$9.63 -31.8% 1M
Market cap
$2.06B
P/E
–
Revenue (TTM)
$41.08M
Div. yield
–
Quantum Computing Technology
1 win

Head to Head

2 decided of 12

Infleqtion leads on 1 of the 12 questions below (Infleqtion 1, Quantum eMotion 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionARQQQNCINFQLeader
Larger companyMarket capitalisation $245.71M $204.44M $2.06B INFQ
Cheaper on earningsLower P/E, profitable companies only — 472.1x -20.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months — — — –
More profitableNet margin, trailing twelve months — — -240.6% –
Better return on capitalReturn on invested capital — — — –
Less leveragedLower net debt / EBITDA — — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -57.0% — — –
Better 5-year returnAnnualised price return, 5 years -49.2%/yr — — –
Less volatileAnnualised volatility, 1 year 110.8% 93.9% 106.1% QNC
Higher overall scoreMean of the five percentile scores vs peers — — 34/100 –

Percentile Scorecard

ARQQQNCINFQ

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisARQQQNCINFQ
Valuation – 11 #110 of 124 29 #89 of 124
Growth – – 21 #89 of 113
Profitability – – 19 #88 of 109
Financial Health 84 #21 of 127 94 #8 of 127 96 #6 of 127
Shareholder Returns – – 7 #59 of 63
Overall – – 34
  • ARQQ ranked among 137 companies in Infrastructure Software
  • QNC ranked among 137 companies in Infrastructure Software
  • INFQ ranked among 137 companies in Infrastructure Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodARQQQNCINFQSPY
1 month -25.0%-50.2%-31.8% +0.9%
3 months +19.2%-43.6%+9.1% +5.9%
6 months +39.7%-57.7%-20.1% +8.5%
Year to date -15.6%—— +13.3%
1 year -57.0%—— +12.4%
3 years +75.4%—— +88.1%
3 years, per year +20.6%—— +23.5%
5 years -96.6%—— +68.2%
5 years, per year -49.2%—— +11.0%

Risk

MeasureARQQQNCINFQSPY
Volatility, 1Y 110.8%93.9%106.1% 12.7%
Downside volatility, 1Y 102.3%95.6%95.5% 12.7%
Beta vs S&P 500, 1Y 4.082.944.28 1.00
Return / volatility, 1Y -0.51—— 0.98
Max drawdown, 5Y -99.6%-72.0%-57.0% -25.4%
From 52-week high -59.3%-71.0%-51.5% -0.9%
52-week high $45.37$3.79$19.87 $779.14
52-week low $11.78$1.06$8.55 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleARQQQNCINFQ
P/E now vs peer median —median 37.9x 474.2xmedian 37.9x -21.4xmedian 37.9x
P/S now vs peer median —median 4.4x 224,884xmedian 4.4x 52.7xmedian 4.4x
EV/EBITDA now vs peer median —median 34.5x —median 34.5x -22.0xmedian 34.5x
P/FCF now vs peer median —median 26.6x 13,696xmedian 26.6x -97.9xmedian 26.6x
P/B now vs peer median 9.9xmedian 3.4x 9.0xmedian 3.4x 3.8xmedian 3.4x
PEG now vs peer median —median 1.24 —median 1.24 —median 1.24

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsARQQQNCINFQ
Revenue – – $41.08M
Gross profit – – $11.86M
Operating income – – -$81.99M
Net income – -$9.47M -$98.83M
Free cash flow – – -$22.09M
R&D – $1.04M $33.10M
EPS (diluted) – $0.00 $-0.45
Cash & equivalents $28.86M $222.23K $59.29M
Shares (diluted) 13.79M 186.70M 219.74M
Enterprise value $136.38M $117.51M $2.06B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricARQQQNCINFQ
P/E – 474.2x -21.4x
P/FCF – 13,696x -97.9x
P/Operating cash flow – – -106.1x
P/S – 224,884x 52.7x
P/B 9.9x 9.0x 3.8x
P/Tangible book 10.7x 12.1x 3.8x
EV/EBITDA – – -22.0x
EV/EBIT – – -20.6x
EV/Revenue – – 41.1x
EV/FCF – – -76.3x
EV/Operating cash flow – – -82.7x
PEG (3Y EPS CAGR) – – –

Growth

14 metrics
MetricARQQQNCINFQ
Revenue growth (1Y) – – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) – – -13.4%
Operating income CAGR (3Y) – – –
Net income growth (1Y) – – -39.5%
Net income CAGR (3Y) – – –
EPS growth (1Y) – – 80.1%
EPS CAGR (3Y) – – –
Operating cash flow growth (1Y) – – -109.0%
Operating cash flow CAGR (3Y) – – –
Free cash flow growth (1Y) – – -103.5%
Free cash flow CAGR (3Y) – – –

Profitability

14 metrics
MetricARQQQNCINFQ
Gross margin – – 28.9%
EBITDA margin – – -186.7%
Operating margin – – -199.6%
Pretax margin – – -174.4%
Net margin – – -240.6%
FCF margin – – -53.8%
Operating cash flow margin – – -49.6%
Return on equity – – -12.4%
Return on assets – – -11.4%
Return on invested capital – – –
Return on capital employed – – -14.3%
Asset turnover – – 0.1x
Cash conversion (OCF / net income) – – 0.2x
Stock comp / revenue – – 54.2%

Financial Health

11 metrics
MetricARQQQNCINFQ
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 21.3% 21.0% 10.5%
Equity / assets 78.7% 79.0% 89.5%
Interest coverage – – –
Current ratio 4.9x 33.3x 9.3x
Quick ratio 4.9x 35.0x 9.1x
Cash ratio 4.4x 35.0x 8.9x
Altman Z-score – – 19.21

Shareholder Returns

7 metrics
MetricARQQQNCINFQ
Dividend yield – – –
Net buyback yield – – -19.5%
Shareholder yield – – -19.5%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusARQQQNCINFQ
EPS, next fiscal year $-1.46FY2026 – $-0.24FY2026
Revenue, next fiscal year $2.41MFY2026 – $46.67MFY2026
Revenue growth, next FY +355.4%FY2026 – +43.6%FY2026
Revenue growth, the year after +208.4% – +26.6%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersARQQQNCINFQ
Held by institutions 89.2% 31.6% 41.9%
Institutions holding 65 38 260
Change in shares held, QoQ +205.7% +1,128.1% +148.6%
Institutions buying 41 22 230
Institutions selling 11 7 23
Buyers to sellers 3.73 3.14 10.00

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

ARQQQNCINFQ
ARQQ 1.00 0.23 0.58
QNC 0.23 1.00 0.35
INFQ 0.58 0.35 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, ARQQ, QNC and INFQ?

Infleqtion (INFQ) is the largest by market capitalisation: Arqit Quantum (ARQQ) $245.71M, Quantum eMotion (QNC) $204.44M, Infleqtion (INFQ) $2.06B.

Which stock is riskier?

By one-year price volatility, Quantum eMotion (QNC) has been the steadiest (Arqit Quantum (ARQQ) 110.8%, Quantum eMotion (QNC) 93.9%, Infleqtion (INFQ) 106.1%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, ARQQ, QNC and INFQ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Infleqtion (INFQ) leads on 1. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.