INFQ vs IONQ Stock Comparison

Infleqtion and IonQ Prices as of Oct 23, 2026 Peers: Industry group
INFQ Infleqtion, Inc.
$8.75 -36.6% 1M
Market cap
$1.89B
P/E
–
Revenue (TTM)
$41.08M
Div. yield
–
Quantum Computing Technology
2 wins
IONQ IonQ, Inc.
$31.27 -26.5% 1M -47.3% 1Y
Market cap
$11.30B
P/E
–
Revenue (TTM)
$246.47M
Div. yield
–
Quantum Computing Technology
2 wins

Head to Head

4 decided of 12

IonQ leads on 2 of the 12 questions below (IonQ 2, Infleqtion 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionINFQIONQLeader
Larger companyMarket capitalisation $1.89B $11.30B IONQ
Cheaper on earningsLower P/E, profitable companies only -19.2x -8.1x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — –
Faster revenue growthRevenue growth, trailing twelve months — +370.6% –
More profitableNet margin, trailing twelve months -240.6% -567.8% INFQ
Better return on capitalReturn on invested capital — — –
Less leveragedLower net debt / EBITDA — — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -47.3% –
Better 5-year returnAnnualised price return, 5 years — +26.5%/yr –
Less volatileAnnualised volatility, 1 year 105.9% 90.6% IONQ
Higher overall scoreMean of the five percentile scores vs peers 35/100 26/100 INFQ

Percentile Scorecard

INFQIONQ

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

AxisINFQIONQ
Valuation 29 #88 of 124 14 #107 of 124
Growth 21 #89 of 113 18 #93 of 113
Profitability 19 #89 of 110 12 #97 of 110
Financial Health 96 #6 of 129 78 #29 of 129
Shareholder Returns 8 #63 of 68 6 #64 of 68
Overall 35 26
  • INFQ ranked among 137 companies in Infrastructure Software
  • IONQ ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodINFQIONQSPY
1 month -36.6%-26.5% -1.0%
3 months -2.6%-4.8% +2.9%
6 months -34.1%-26.8% +6.4%
Year to date —-30.3% +11.4%
1 year —-47.3% +13.1%
3 years —+184.0% +79.4%
3 years, per year —+41.7% +21.5%
5 years —+223.7% +67.7%
5 years, per year —+26.5% +10.9%

Risk

MeasureINFQIONQSPY
Volatility, 1Y 105.9%90.6% 12.7%
Downside volatility, 1Y 96.4%84.9% 12.7%
Beta vs S&P 500, 1Y 4.263.55 1.00
Return / volatility, 1Y —-0.52 1.03
Max drawdown, 5Y -57.0%-90.0% -25.4%
From 52-week high -56.0%-56.6% -2.5%
52-week high $19.87$72.07 $779.14
52-week low $8.55$26.59 $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.

MultipleINFQIONQ
P/E now vs peer median -19.5xmedian 37.4x -8.2xmedian 37.4x
P/S now vs peer median 47.9xmedian 4.4x 48.3xmedian 4.4x
EV/EBITDA now vs peer median -19.4xmedian 35.0x -11.5xmedian 35.0x
P/FCF now vs peer median -89.0xmedian 27.2x -24.6xmedian 27.2x
P/B now vs peer median 3.4xmedian 3.4x 3.6xmedian 3.4x
PEG now vs peer median —median 1.27 0.09median 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 monthsINFQIONQ
Revenue $41.08M $246.47M
Gross profit $11.86M $72.26M
Operating income -$81.99M -$1.01B
Net income -$98.83M -$1.37B
Free cash flow -$22.09M -$483.87M
R&D $33.10M $448.76M
EPS (diluted) $-0.45 $-3.81
Cash & equivalents $59.29M $1.24B
Shares (diluted) 219.74M 367.66M
Enterprise value $1.89B $3.67B

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
MetricINFQIONQ
P/E -19.5x -8.2x
P/FCF -89.0x -24.6x
P/Operating cash flow -96.4x -26.3x
P/S 47.9x 48.3x
P/B 3.4x 3.6x
P/Tangible book 3.4x 4.7x
EV/EBITDA -19.4x -11.5x
EV/EBIT -18.2x -9.7x
EV/Revenue 36.2x 39.7x
EV/FCF -67.4x -20.2x
EV/Operating cash flow -73.0x -21.7x
PEG (3Y EPS CAGR) – 0.09

Growth

14 metrics
MetricINFQIONQ
Revenue growth (1Y) – 370.6%
Revenue CAGR (3Y) – 146.9%
Gross profit growth (1Y) – 156.5%
Gross profit CAGR (3Y) – 83.0%
Operating income growth (1Y) -13.4% -174.2%
Operating income CAGR (3Y) – -109.4%
Net income growth (1Y) -39.5% -194.3%
Net income CAGR (3Y) – -129.1%
EPS growth (1Y) 80.1% -106.1%
EPS CAGR (3Y) – -88.9%
Operating cash flow growth (1Y) -109.0% -213.6%
Operating cash flow CAGR (3Y) – -98.7%
Free cash flow growth (1Y) -103.5% -212.0%
Free cash flow CAGR (3Y) – -97.9%

Profitability

14 metrics
MetricINFQIONQ
Gross margin 28.9% 29.3%
EBITDA margin -186.7% -345.7%
Operating margin -199.6% -408.2%
Pretax margin -174.4% -571.3%
Net margin -240.6% -567.8%
FCF margin -53.8% -196.3%
Operating cash flow margin -49.6% -183.5%
Return on equity -12.4% -32.8%
Return on assets -11.4% -20.3%
Return on invested capital – –
Return on capital employed -14.3% -15.5%
Asset turnover 0.1x 0.0x
Cash conversion (OCF / net income) 0.2x 0.3x
Stock comp / revenue 54.2% 186.1%

Financial Health

11 metrics
MetricINFQIONQ
Debt / assets – –
Debt / equity – –
Net debt / EBITDA – –
Debt / FCF – –
Liabilities / assets 10.5% 50.7%
Equity / assets 89.5% 49.3%
Interest coverage – –
Current ratio 9.3x 10.7x
Quick ratio 9.1x 9.8x
Cash ratio 8.9x 9.4x
Altman Z-score 17.44 1.55

Shareholder Returns

7 metrics
MetricINFQIONQ
Dividend yield – –
Net buyback yield -21.4% -25.1%
Shareholder yield -21.4% -25.1%
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.

ConsensusINFQIONQ
EPS, next fiscal year $-0.24FY2026 $-1.36FY2026
Revenue, next fiscal year $46.67MFY2026 $458.50MFY2026
Revenue growth, next FY +43.6%FY2026 +252.6%FY2026
Revenue growth, the year after +26.6% +71.5%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersINFQIONQ
Held by institutions 41.9% 53.3%
Institutions holding 260 780
Change in shares held, QoQ +148.6% -2.4%
Institutions buying 230 536
Institutions selling 23 154
Buyers to sellers 10.00 3.48

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.

INFQIONQ
INFQ 1.00 0.70
IONQ 0.70 1.00

Add a Peer

Largest companies in the same industry

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Frequently Asked Questions

Which is bigger, INFQ and IONQ?

IonQ (IONQ) is the largest by market capitalisation: Infleqtion (INFQ) $1.89B, IonQ (IONQ) $11.30B.

Which company is more profitable?

Infleqtion (INFQ) has the highest net margin (Infleqtion (INFQ) -240.6%, IonQ (IONQ) -567.8%).

Which stock is riskier?

By one-year price volatility, IonQ (IONQ) has been the steadiest (Infleqtion (INFQ) 105.9%, IonQ (IONQ) 90.6%). Volatility measures how widely the price swings, not the risk of the business.

Do INFQ and IONQ move together?

Their daily returns over the past year have a correlation of 0.70, a strong positive relationship. Holding both adds little diversification.

Which is the better stock, INFQ and IONQ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, IonQ (IONQ) leads on 2. 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.