FCCN vs INFQ vs QBTS Stock Comparison

Spectral Capital, Infleqtion and D-Wave Quantum Prices as of Nov 3, 2026 Peers: Industry group
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FCCN SPECTRAL CAPITAL Corp
$1.35 -29.3% 1M -37.5% 1Y
Market cap
$145.44M
P/E
3,095x
Revenue (TTM)
$668.63M
Div. yield
–
AI Platforms Technology
3 wins
INFQ Infleqtion, Inc.
$8.46 -35.7% 1M
Market cap
$1.87B
P/E
–
Revenue (TTM)
$41.08M
Div. yield
–
Quantum Computing Technology
QBTS D-Wave Quantum Inc.
$10.37 -34.2% 1M -68.7% 1Y
Market cap
$3.85B
P/E
–
Revenue (TTM)
$12.43M
Div. yield
–
Quantum Computing Technology
2 wins

Head to Head

5 decided of 12

Spectral Capital leads on 3 of the 12 questions below (Spectral Capital 3, D-Wave Quantum 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionFCCNINFQQBTSLeader
Larger companyMarket capitalisation $145.44M $1.87B $3.85B QBTS
Cheaper on earningsLower P/E, profitable companies only 3,095x -18.9x -15.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months — — -44.2% –
More profitableNet margin, trailing twelve months 0.0% -240.6% -2,001.6% FCCN
Better return on capitalReturn on invested capital — — -12.3% –
Less leveragedLower net debt / EBITDA — — 3.2x –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -37.5% — -68.7% FCCN
Better 5-year returnAnnualised price return, 5 years — — +1.1%/yr –
Less volatileAnnualised volatility, 1 year 115.1% 105.7% 99.8% QBTS
Higher overall scoreMean of the five percentile scores vs peers 40/100 35/100 33/100 FCCN

Percentile Scorecard

FCCNINFQQBTS

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

AxisFCCNINFQQBTS
Valuation 59 #52 of 124 30 #87 of 124 21 #98 of 124
Growth 43 #65 of 114 22 #89 of 114 13 #99 of 114
Profitability 60 #45 of 111 20 #89 of 111 16 #94 of 111
Financial Health 15 #109 of 128 96 #6 of 128 91 #12 of 128
Shareholder Returns 25 #55 of 73 4 #70 of 73 24 #56 of 73
Overall 40 35 33
  • FCCN ranked among 136 companies in Infrastructure Software
  • INFQ ranked among 136 companies in Infrastructure Software
  • QBTS ranked among 136 companies in Infrastructure Software

Price Performance

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

Returns

PeriodFCCNINFQQBTSSPY
1 month -29.3%-35.7%-34.2% -2.0%
3 months -73.2%-26.1%-52.5% -2.2%
6 months -34.1%-30.1%-51.9% +4.2%
Year to date -67.3%—-60.3% +10.6%
1 year -37.5%—-68.7% +10.4%
3 years ——+1,078.4% +73.6%
3 years, per year ——+127.7% +20.2%
5 years ——+5.5% +61.6%
5 years, per year ——+1.1% +10.1%

Risk

MeasureFCCNINFQQBTSSPY
Volatility, 1Y 115.1%105.7%99.8% 12.8%
Downside volatility, 1Y 111.2%95.6%92.6% 12.8%
Beta vs S&P 500, 1Y -0.064.274.25 1.00
Return / volatility, 1Y -0.33—-0.69 0.81
Max drawdown, 5Y -86.4%-59.0%-96.7% -25.4%
From 52-week high -75.7%-57.4%-68.7% -3.2%
52-week high $5.55$19.87$33.09 $779.14
52-week low $1.35$8.15$10.09 $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.

MultipleFCCNINFQQBTS
P/E now vs peer median 2,644xmedian 38.8x -18.8xmedian 38.8x -15.5xmedian 38.8x
P/S now vs peer median 0.2xmedian 4.4x 46.3xmedian 4.4x 310.5xmedian 4.4x
EV/EBITDA now vs peer median 234.6xmedian 28.6x -18.6xmedian 28.6x -20.8xmedian 28.6x
P/FCF now vs peer median -50.5xmedian 23.6x -86.0xmedian 23.6x -32.4xmedian 23.6x
P/B now vs peer median 2.3xmedian 3.1x 3.3xmedian 3.1x 3.6xmedian 3.1x
PEG now vs peer median 87.49median 1.27 —median 1.27 10.39median 1.27

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 monthsFCCNINFQQBTS
Revenue $668.63M $41.08M $12.43M
Gross profit $8.35M $11.86M $7.98M
Operating income -$6.62M -$81.99M -$170.58M
Net income -$21.19K -$98.83M -$248.70M
Free cash flow -$2.57M -$22.09M -$119.08M
R&D – $33.10M $81.78M
EPS (diluted) $0.00 $-0.45 $-0.67
Cash & equivalents $5.27M $59.29M $296.64M
Total debt – – $35.03M
Shares (diluted) 94.89M 219.74M 370.84M
Enterprise value $134.95M $1.87B $990.29M

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
MetricFCCNINFQQBTS
P/E 2,644x -18.8x -15.5x
P/FCF -50.5x -86.0x -32.4x
P/Operating cash flow -50.7x -93.2x -34.8x
P/S 0.2x 46.3x 310.5x
P/B 2.3x 3.3x 3.6x
P/Tangible book 6.6x 3.3x 4.4x
EV/EBITDA 234.6x -18.6x -20.8x
EV/EBIT -18.8x -17.4x -19.6x
EV/Revenue 0.2x 34.7x 269.3x
EV/FCF -48.4x -64.4x -28.1x
EV/Operating cash flow -48.7x -69.8x -30.2x
PEG (3Y EPS CAGR) 87.49 – 10.39

Growth

14 metrics
MetricFCCNINFQQBTS
Revenue growth (1Y) – – -44.2%
Revenue CAGR (3Y) 1,948% – 19.0%
Gross profit growth (1Y) – – -56.6%
Gross profit CAGR (3Y) 276.8% – 31.6%
Operating income growth (1Y) -83.7% -13.4% -116.9%
Operating income CAGR (3Y) -304.6% – -27.8%
Net income growth (1Y) 99.4% -39.5% 11.7%
Net income CAGR (3Y) 40.4% – -45.9%
EPS growth (1Y) 100.9% 80.1% 28.0%
EPS CAGR (3Y) 30.2% – -1.5%
Operating cash flow growth (1Y) -28.6% -109.0% -119.0%
Operating cash flow CAGR (3Y) -186.1% – -28.1%
Free cash flow growth (1Y) -29.2% -103.5% -124.4%
Free cash flow CAGR (3Y) -186.6% – -30.9%

Profitability

14 metrics
MetricFCCNINFQQBTS
Gross margin 1.2% 28.9% 64.2%
EBITDA margin 0.1% -186.7% -1,297%
Operating margin -1.0% -199.6% -1,373%
Pretax margin 0.0% -174.4% -1,267%
Net margin 0.0% -240.6% -2,002%
FCF margin -0.4% -53.8% -958.4%
Operating cash flow margin -0.4% -49.6% -892.4%
Return on equity 0.1% -12.4% -11.7%
Return on assets 0.0% -11.4% -10.9%
Return on invested capital – – -12.3%
Return on capital employed -4.7% -14.3% -14.8%
Asset turnover 2.2x 0.1x 0.0x
Cash conversion (OCF / net income) 120.9x 0.2x 0.4x
Stock comp / revenue 0.1% 54.2% 250.5%

Financial Health

11 metrics
MetricFCCNINFQQBTS
Debt / assets – – 3.0%
Debt / equity – – 0.0x
Net debt / EBITDA – – 3.2x
Debt / FCF – – -0.3x
Liabilities / assets 74.3% 10.5% 6.5%
Equity / assets 25.7% 89.5% 93.5%
Interest coverage – – -180.3x
Current ratio 0.8x 9.3x 20.5x
Quick ratio 0.8x 9.1x 20.1x
Cash ratio 0.0x 8.9x 20.0x
Altman Z-score 3.00 16.85 29.54

Shareholder Returns

7 metrics
MetricFCCNINFQQBTS
Dividend yield – – –
Net buyback yield -1.5% -22.1% -1.5%
Shareholder yield -1.5% -22.1% -1.5%
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.

ConsensusFCCNINFQQBTS
EPS, next fiscal year – $-0.24FY2026 $-0.31FY2026
Revenue, next fiscal year – $46.67MFY2026 $40.06MFY2026
Revenue growth, next FY – +43.6%FY2026 +62.9%FY2026
Revenue growth, the year after – +26.6% +112.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersFCCNINFQQBTS
Held by institutions – 41.9% 53.1%
Institutions holding – 261 552
Change in shares held, QoQ – +148.6% +12.5%
Institutions buying – 231 371
Institutions selling – 23 101
Buyers to sellers – 10.04 3.67

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.

FCCNINFQQBTS
FCCN 1.00 0.02 0.07
INFQ 0.02 1.00 0.76
QBTS 0.07 0.76 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, FCCN, INFQ and QBTS?

D-Wave Quantum (QBTS) is the largest by market capitalisation: Spectral Capital (FCCN) $145.44M, Infleqtion (INFQ) $1.87B, D-Wave Quantum (QBTS) $3.85B.

Which company is more profitable?

Spectral Capital (FCCN) has the highest net margin (Spectral Capital (FCCN) 0.0%, Infleqtion (INFQ) -240.6%, D-Wave Quantum (QBTS) -2,001.6%).

Which stock has performed better?

Over the past year Spectral Capital (FCCN) returned the most: Spectral Capital (FCCN) -37.5%, D-Wave Quantum (QBTS) -68.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, D-Wave Quantum (QBTS) has been the steadiest (Spectral Capital (FCCN) 115.1%, Infleqtion (INFQ) 105.7%, D-Wave Quantum (QBTS) 99.8%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, FCCN, INFQ and QBTS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Spectral Capital (FCCN) leads on 3. 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.