INFQ vs ARQQ vs BTQ Stock Comparison

Infleqtion, Arqit Quantum and BTQ Technologies Prices as of Oct 29, 2026 Peers: Industry group
INFQ Infleqtion, Inc.
$9.43 -31.9% 1M
Market cap
$2.12B
P/E
–
Revenue (TTM)
$41.08M
Div. yield
–
Quantum Computing Technology
3 wins
ARQQ Arqit Quantum Inc.
$17.60 -27.0% 1M -61.2% 1Y
Market cap
$269.14M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
1 win
BTQ BTQ Technologies Corp.
$2.16 -23.9% 1M -72.8% 1Y
Market cap
$303.27M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology

Head to Head

4 decided of 12

Infleqtion leads on 3 of the 12 questions below (Infleqtion 3, Arqit Quantum 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionINFQARQQBTQLeader
Larger companyMarket capitalisation $2.12B $269.14M $303.27M INFQ
Cheaper on earningsLower P/E, profitable companies only -21.0x — -8.5x –
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 — — — –
Better 1-year returnPrice return, last 12 months — -61.2% -72.8% ARQQ
Better 5-year returnAnnualised price return, 5 years — -49.7%/yr — –
Less volatileAnnualised volatility, 1 year 105.8% 110.8% 119.6% INFQ
Higher overall scoreMean of the five percentile scores vs peers 34/100 — 16/100 INFQ

Percentile Scorecard

INFQARQQBTQ

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

AxisINFQARQQBTQ
Valuation 29 #88 of 124 – 5 #118 of 124
Growth 21 #89 of 113 – 0 #113 of 113
Profitability 19 #88 of 109 – 2 #107 of 109
Financial Health 96 #6 of 127 84 #21 of 127 51 #63 of 127
Shareholder Returns 5 #60 of 63 – 21 #50 of 63
Overall 34 – 16
  • INFQ ranked among 137 companies in Infrastructure Software
  • ARQQ ranked among 137 companies in Infrastructure Software
  • BTQ ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodINFQARQQBTQSPY
1 month -31.9%-27.0%-23.9% +0.7%
3 months -5.5%-0.6%-39.0% +3.7%
6 months -20.7%+22.6%-24.2% +7.1%
Year to date —-19.6%-57.8% +12.8%
1 year —-61.2%-72.8% +11.9%
3 years —+73.0%+597.7% +85.2%
3 years, per year —+20.1%+91.2% +22.8%
5 years —-96.8%— +67.6%
5 years, per year —-49.7%— +10.9%

Risk

MeasureINFQARQQBTQSPY
Volatility, 1Y 105.8%110.8%119.6% 12.7%
Downside volatility, 1Y 95.1%102.1%102.4% 12.6%
Beta vs S&P 500, 1Y 4.284.094.27 1.00
Return / volatility, 1Y —-0.55-0.61 0.94
Max drawdown, 5Y -57.0%-99.6%-85.9% -25.4%
From 52-week high -52.5%-61.2%-72.8% -1.2%
52-week high $19.87$45.37$7.95 $779.14
52-week low $8.55$11.78$2.00 $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.

MultipleINFQARQQBTQ
P/E now vs peer median -21.0xmedian 39.0x —median 39.0x -8.5xmedian 39.0x
P/S now vs peer median 51.6xmedian 4.6x —median 4.6x —median 4.6x
EV/EBITDA now vs peer median -21.4xmedian 32.7x —median 32.7x —median 32.7x
P/FCF now vs peer median -95.9xmedian 27.4x —median 27.4x -20.5xmedian 27.4x
P/B now vs peer median 3.7xmedian 3.2x 9.4xmedian 3.2x 24.0xmedian 3.2x
PEG now vs peer median —median 1.23 —median 1.23 —median 1.23

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 monthsINFQARQQBTQ
Revenue $41.08M – –
Gross profit $11.86M – –
Operating income -$81.99M – -$34.64M
Net income -$98.83M – -$34.57M
Free cash flow -$22.09M – -$14.76M
R&D $33.10M – $4.75M
EPS (diluted) $-0.45 – $-0.26
Cash & equivalents $59.29M $28.86M $6.85M
Shares (diluted) 219.74M 13.79M 135.62M
Enterprise value $1.64B $159.81M $243.99M

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
MetricINFQARQQBTQ
P/E -21.0x – -8.5x
P/FCF -95.9x – -20.5x
P/Operating cash flow -103.9x – -20.4x
P/S 51.6x – –
P/B 3.7x 9.4x 24.0x
P/Tangible book 3.7x 10.2x 24.0x
EV/EBITDA -21.4x – –
EV/EBIT -20.0x – -8.6x
EV/Revenue 40.0x – –
EV/FCF -74.3x – -20.1x
EV/Operating cash flow -80.5x – -20.0x
PEG (3Y EPS CAGR) – – –

Growth

14 metrics
MetricINFQARQQBTQ
Revenue growth (1Y) – – –
Revenue CAGR (3Y) – – –
Gross profit growth (1Y) – – –
Gross profit CAGR (3Y) – – –
Operating income growth (1Y) -13.4% – -1,885%
Operating income CAGR (3Y) – – –
Net income growth (1Y) -39.5% – -307.6%
Net income CAGR (3Y) – – –
EPS growth (1Y) 80.1% – -1,660%
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
MetricINFQARQQBTQ
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% – -234.8%
Return on assets -11.4% – -191.6%
Return on invested capital – – –
Return on capital employed -14.3% – -247.3%
Asset turnover 0.1x – –
Cash conversion (OCF / net income) 0.2x – 0.4x
Stock comp / revenue 54.2% – –

Financial Health

11 metrics
MetricINFQARQQBTQ
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 10.5% 21.3% 26.9%
Equity / assets 89.5% 78.7% 73.1%
Interest coverage – – -775.2x
Current ratio 9.3x 4.9x 1.9x
Quick ratio 9.1x 4.9x 1.7x
Cash ratio 8.9x 4.4x 1.7x
Altman Z-score 18.80 – –

Shareholder Returns

7 metrics
MetricINFQARQQBTQ
Dividend yield – – –
Net buyback yield -19.9% – -2.4%
Shareholder yield -19.9% – -2.4%
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.

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

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersINFQARQQBTQ
Held by institutions 41.9% 89.2% 28.2%
Institutions holding 261 66 94
Change in shares held, QoQ +148.6% +205.7% +103.2%
Institutions buying 231 42 55
Institutions selling 23 11 15
Buyers to sellers 10.04 3.82 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.

INFQARQQBTQ
INFQ 1.00 0.58 0.56
ARQQ 0.58 1.00 0.64
BTQ 0.56 0.64 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, INFQ, ARQQ and BTQ?

Infleqtion (INFQ) is the largest by market capitalisation: Infleqtion (INFQ) $2.12B, Arqit Quantum (ARQQ) $269.14M, BTQ Technologies (BTQ) $303.27M.

Which stock has performed better?

Over the past year Arqit Quantum (ARQQ) returned the most: Arqit Quantum (ARQQ) -61.2%, BTQ Technologies (BTQ) -72.8%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Infleqtion (INFQ) has been the steadiest (Infleqtion (INFQ) 105.8%, Arqit Quantum (ARQQ) 110.8%, BTQ Technologies (BTQ) 119.6%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.