INFQ vs QBTS vs FCCN Stock Comparison

Infleqtion, D-Wave Quantum and Spectral Capital Prices as of Nov 5, 2026 Peers: Industry group
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INFQ Infleqtion, Inc.
$7.43 -40.7% 1M
Market cap
$1.97B
P/E
–
Revenue (TTM)
$41.08M
Div. yield
–
Quantum Computing Technology
QBTS D-Wave Quantum Inc.
$9.05 -42.7% 1M -70.8% 1Y
Market cap
$3.94B
P/E
–
Revenue (TTM)
$12.43M
Div. yield
–
Quantum Computing Technology
2 wins
FCCN SPECTRAL CAPITAL Corp
$1.64 -34.4% 1M -23.7% 1Y
Market cap
$139.00M
P/E
2,958x
Revenue (TTM)
$668.63M
Div. yield
–
AI Platforms Technology
3 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.

QuestionINFQQBTSFCCNLeader
Larger companyMarket capitalisation $1.97B $3.94B $139.00M QBTS
Cheaper on earningsLower P/E, profitable companies only -19.9x -15.9x 2,958x –
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 -240.6% -2,001.6% 0.0% 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 — -70.8% -23.7% FCCN
Better 5-year returnAnnualised price return, 5 years — -1.6%/yr — –
Less volatileAnnualised volatility, 1 year 106.4% 100.1% 116.3% QBTS
Higher overall scoreMean of the five percentile scores vs peers 33/100 31/100 40/100 FCCN

Percentile Scorecard

INFQQBTSFCCN

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

AxisINFQQBTSFCCN
Valuation 28 #90 of 124 18 #102 of 124 56 #55 of 124
Growth 18 #94 of 114 13 #99 of 114 42 #67 of 114
Profitability 19 #90 of 111 14 #96 of 111 60 #45 of 111
Financial Health 96 #6 of 128 91 #13 of 128 16 #108 of 128
Shareholder Returns 3 #72 of 74 22 #58 of 74 26 #55 of 74
Overall 33 31 40
  • INFQ ranked among 136 companies in Infrastructure Software
  • QBTS ranked among 136 companies in Infrastructure Software
  • FCCN ranked among 136 companies in Infrastructure Software

Price Performance

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

Returns

PeriodINFQQBTSFCCNSPY
1 month -40.7%-42.7%-34.4% -5.9%
3 months -33.1%-53.4%-67.7% -4.6%
6 months -38.6%-58.8%-17.6% +0.2%
Year to date —-65.4%-60.3% +7.5%
1 year —-70.8%-23.7% +8.2%
3 years —+1,060.3%— +68.3%
3 years, per year —+126.5%— +19.0%
5 years —-7.8%— +56.5%
5 years, per year —-1.6%— +9.4%

Risk

MeasureINFQQBTSFCCNSPY
Volatility, 1Y 106.4%100.1%116.3% 13.6%
Downside volatility, 1Y 97.6%93.4%111.6% 14.2%
Beta vs S&P 500, 1Y 4.044.01-0.01 1.00
Return / volatility, 1Y —-0.71-0.20 0.60
Max drawdown, 5Y -62.6%-96.7%-86.4% -25.4%
From 52-week high -62.6%-71.9%-70.5% -5.9%
52-week high $19.87$32.19$5.55 $779.14
52-week low $7.43$9.05$1.35 $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.

MultipleINFQQBTSFCCN
P/E now vs peer median -16.5xmedian 39.4x -13.5xmedian 39.4x 3,212xmedian 39.4x
P/S now vs peer median 40.6xmedian 4.0x 271.0xmedian 4.0x 0.2xmedian 4.0x
EV/EBITDA now vs peer median -15.5xmedian 34.1x -17.7xmedian 34.1x 287.2xmedian 34.1x
P/FCF now vs peer median -75.6xmedian 22.7x -28.3xmedian 22.7x -61.3xmedian 22.7x
P/B now vs peer median 2.9xmedian 2.9x 3.1xmedian 2.9x 2.7xmedian 2.9x
PEG now vs peer median —median 1.32 9.07median 1.32 106.28median 1.32

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 monthsINFQQBTSFCCN
Revenue $41.08M $12.43M $668.63M
Gross profit $11.86M $7.98M $8.35M
Operating income -$81.99M -$170.58M -$6.62M
Net income -$98.83M -$248.70M -$21.19K
Free cash flow -$22.09M -$119.08M -$2.57M
R&D $33.10M $81.78M –
EPS (diluted) $-0.45 $-0.67 $0.00
Cash & equivalents $59.29M $296.64M $5.27M
Total debt – $35.03M –
Shares (diluted) 219.74M 370.84M 94.89M
Enterprise value $1.97B $1.09B $128.51M

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
MetricINFQQBTSFCCN
P/E -16.5x -13.5x 3,212x
P/FCF -75.6x -28.3x -61.3x
P/Operating cash flow -81.9x -30.4x -61.6x
P/S 40.6x 271.0x 0.2x
P/B 2.9x 3.1x 2.7x
P/Tangible book 2.9x 3.9x 8.1x
EV/EBITDA -15.5x -17.7x 287.2x
EV/EBIT -14.5x -16.7x -23.1x
EV/Revenue 29.0x 229.8x 0.2x
EV/FCF -54.0x -24.0x -59.3x
EV/Operating cash flow -58.5x -25.8x -59.6x
PEG (3Y EPS CAGR) – 9.07 106.28

Growth

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

Profitability

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

Financial Health

11 metrics
MetricINFQQBTSFCCN
Debt / assets – 3.0% –
Debt / equity – 0.0x –
Net debt / EBITDA – 3.2x –
Debt / FCF – -0.3x –
Liabilities / assets 10.5% 6.5% 74.3%
Equity / assets 89.5% 93.5% 25.7%
Interest coverage – -180.3x –
Current ratio 9.3x 20.5x 0.8x
Quick ratio 9.1x 20.1x 0.8x
Cash ratio 8.9x 20.0x 0.0x
Altman Z-score 14.78 25.63 3.10

Shareholder Returns

7 metrics
MetricINFQQBTSFCCN
Dividend yield – – –
Net buyback yield -25.2% -1.8% -1.2%
Shareholder yield -25.2% -1.8% -1.2%
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.

ConsensusINFQQBTSFCCN
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
HoldersINFQQBTSFCCN
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.

INFQQBTSFCCN
INFQ 1.00 0.77 0.02
QBTS 0.77 1.00 0.07
FCCN 0.02 0.07 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, INFQ, QBTS and FCCN?

D-Wave Quantum (QBTS) is the largest by market capitalisation: Infleqtion (INFQ) $1.97B, D-Wave Quantum (QBTS) $3.94B, Spectral Capital (FCCN) $139.00M.

Which company is more profitable?

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

Which stock has performed better?

Over the past year Spectral Capital (FCCN) returned the most: D-Wave Quantum (QBTS) -70.8%, Spectral Capital (FCCN) -23.7%. Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, D-Wave Quantum (QBTS) has been the steadiest (Infleqtion (INFQ) 106.4%, D-Wave Quantum (QBTS) 100.1%, Spectral Capital (FCCN) 116.3%). Volatility measures how widely the price swings, not the risk of the business.

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

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.