QNC vs QBTS vs UIS Stock Comparison

Quantum eMotion, D-Wave Quantum and Unisys Prices as of Oct 29, 2026 Peers: Industry group
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QNC Quantum eMotion Corp
$1.11 -36.6% 1M
Market cap
$192.30M
P/E
444.0x
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology
QBTS D-Wave Quantum Inc.
$11.56 -29.6% 1M -66.3% 1Y
Market cap
$3.90B
P/E
–
Revenue (TTM)
$12.43M
Div. yield
–
Quantum Computing Technology
3 wins
UIS Unisys Corp
$2.65 +16.2% 1M -24.9% 1Y
Market cap
$186.30M
P/E
–
Revenue (TTM)
$1.95B
Div. yield
–
IT Services Technology
6 wins

Head to Head

9 decided of 12

Unisys leads on 6 of the 12 questions below (Unisys 6, D-Wave Quantum 3). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQNCQBTSUISLeader
Larger companyMarket capitalisation $192.30M $3.90B $186.30M QBTS
Cheaper on earningsLower P/E, profitable companies only 444.0x -15.7x -0.4x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — 4.2x –
Faster revenue growthRevenue growth, trailing twelve months — -44.2% -0.6% UIS
More profitableNet margin, trailing twelve months — -2,001.6% -21.7% UIS
Better return on capitalReturn on invested capital — -12.3% 6.4% UIS
Less leveragedLower net debt / EBITDA — 3.2x 4.2x QBTS
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months — -66.3% -24.9% UIS
Better 5-year returnAnnualised price return, 5 years — +3.3%/yr -36.5%/yr QBTS
Less volatileAnnualised volatility, 1 year 93.6% 100.2% 64.7% UIS
Higher overall scoreMean of the five percentile scores vs peers — 33/100 37/100 UIS

Percentile Scorecard

QNCQBTSUIS

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

AxisQNCQBTSUIS
Valuation 11 #110 of 124 20 #100 of 124 92 #5 of 50
Growth – 12 #100 of 113 14 #39 of 45
Profitability – 15 #93 of 109 31 #28 of 40
Financial Health 94 #8 of 127 92 #11 of 127 10 #54 of 60
Shareholder Returns – 26 #47 of 63 –
Overall – 33 37
  • QNC ranked among 137 companies in Infrastructure Software
  • QBTS ranked among 137 companies in Infrastructure Software
  • UIS ranked among 65 companies in Technology Services

Price Performance

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

Returns

PeriodQNCQBTSUISSPY
1 month -36.6%-29.6%+16.2% +0.7%
3 months -47.6%-35.7%-15.6% +3.7%
6 months -60.8%-43.0%+1.5% +7.1%
Year to date —-55.8%-4.0% +12.8%
1 year —-66.3%-24.9% +11.9%
3 years —+1,706.3%-4.0% +85.2%
3 years, per year —+162.6%-1.3% +22.8%
5 years —+17.7%-89.6% +67.6%
5 years, per year —+3.3%-36.5% +10.9%
10 years ——-74.8% +262.0%
10 years, per year ——-12.9% +13.7%

Risk

MeasureQNCQBTSUISSPY
Volatility, 1Y 93.6%100.2%64.7% 12.7%
Downside volatility, 1Y 95.6%93.3%59.7% 12.6%
Beta vs S&P 500, 1Y 2.934.151.88 1.00
Return / volatility, 1Y —-0.66-0.39 0.94
Max drawdown, 5Y -72.0%-96.7%-92.4% -25.4%
From 52-week high -70.7%-68.8%-44.6% -1.2%
52-week high $3.79$37.06$4.78 $779.14
52-week low $1.06$11.54$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.

MultipleQNCQBTSUIS
P/E now vs peer median 478.5xmedian 39.0x -17.2xmedian 39.0x -0.5xmedian 17.5x
P/S now vs peer median 226,929xmedian 4.6x 346.1xmedian 4.6x 0.1xmedian 0.7x
EV/EBITDA now vs peer median —median 32.7x -23.5xmedian 32.7x 6.2xmedian 10.4x
P/FCF now vs peer median 13,821xmedian 27.4x -36.1xmedian 27.4x 2.5xmedian 13.3x
P/B now vs peer median 9.0xmedian 3.2x 4.0xmedian 3.2x -0.5xmedian 1.5x
PEG now vs peer median —median 1.23 11.59median 1.23 0.03median 1.28

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 monthsQNCQBTSUIS
Revenue – $12.43M $1.95B
Gross profit – $7.98M $541.60M
Operating income – -$170.58M $26.40M
Net income -$9.47M -$248.70M -$421.80M
Free cash flow – -$119.08M $76.30M
R&D $1.04M $81.78M $23.50M
EPS (diluted) $0.00 $-0.67 $-5.78
Cash & equivalents $222.23K $296.64M $324.30M
Total debt – $35.03M $2.90B
Shares (diluted) 186.70M 370.84M 72.91M
Enterprise value $105.37M $1.04B -$1.25B

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
MetricQNCQBTSUIS
P/E 478.5x -17.2x -0.5x
P/FCF 13,821x -36.1x 2.5x
P/Operating cash flow – -38.8x 1.7x
P/S 226,929x 346.1x 0.1x
P/B 9.0x 4.0x -0.5x
P/Tangible book 12.2x 4.9x -0.5x
EV/EBITDA – -23.5x 6.2x
EV/EBIT – -22.2x 22.8x
EV/Revenue – 305.0x 0.3x
EV/FCF – -31.8x 7.9x
EV/Operating cash flow – -34.2x 5.4x
PEG (3Y EPS CAGR) – 11.59 0.03

Growth

14 metrics
MetricQNCQBTSUIS
Revenue growth (1Y) – -44.2% -0.6%
Revenue CAGR (3Y) – 19.0% -1.1%
Gross profit growth (1Y) – -56.6% -2.9%
Gross profit CAGR (3Y) – 31.6% -1.6%
Operating income growth (1Y) – -116.9% -71.1%
Operating income CAGR (3Y) – -27.8% -34.0%
Net income growth (1Y) – 11.7% -412.5%
Net income CAGR (3Y) – -45.9% -19.8%
EPS growth (1Y) – 28.0% -405.2%
EPS CAGR (3Y) – -1.5% -16.9%
Operating cash flow growth (1Y) – -119.0% 164.4%
Operating cash flow CAGR (3Y) – -28.1% -5.9%
Free cash flow growth (1Y) – -124.4% 136.7%
Free cash flow CAGR (3Y) – -30.9% -10.3%

Profitability

14 metrics
MetricQNCQBTSUIS
Gross margin – 64.2% 27.8%
EBITDA margin – -1,297% 5.0%
Operating margin – -1,373% 1.4%
Pretax margin – -1,267% -18.2%
Net margin – -2,002% -21.7%
FCF margin – -958.4% 3.9%
Operating cash flow margin – -892.4% 5.8%
Return on equity – -11.7% –
Return on assets – -10.9% -25.0%
Return on invested capital – -12.3% 6.4%
Return on capital employed – -14.8% 2.4%
Asset turnover – 0.0x 1.2x
Cash conversion (OCF / net income) – 0.4x -0.3x
Stock comp / revenue – 250.5% 0.6%

Financial Health

11 metrics
MetricQNCQBTSUIS
Debt / assets – 3.0% 44.7%
Debt / equity – 0.0x -2.0x
Net debt / EBITDA – 3.2x 4.2x
Debt / FCF – -0.3x 9.6x
Liabilities / assets 21.0% 6.5% 122.4%
Equity / assets 79.0% 93.5% -22.4%
Interest coverage – -180.3x 0.4x
Current ratio 33.3x 20.5x 1.4x
Quick ratio 35.0x 20.1x 1.2x
Cash ratio 35.0x 20.0x 0.5x
Altman Z-score – 33.07 -0.75

Shareholder Returns

7 metrics
MetricQNCQBTSUIS
Dividend yield – – –
Net buyback yield – -1.4% –
Shareholder yield – -1.4% –
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.

ConsensusQNCQBTSUIS
Forward P/E – – 4.2xFY2026
EPS, next fiscal year – $-0.31FY2026 $0.63FY2026
EPS growth, next FY – – -32.3%FY2026
EPS growth, the year after – – +71.4%
Revenue, next fiscal year – $40.06MFY2026 $2.05BFY2026
Revenue growth, next FY – +62.9%FY2026 +5.1%FY2026
Revenue growth, the year after – +112.2% -2.3%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQNCQBTSUIS
Held by institutions 31.6% 53.1% 79.2%
Institutions holding 38 550 152
Change in shares held, QoQ +1,128.1% +12.5% -0.4%
Institutions buying 22 370 83
Institutions selling 7 100 37
Buyers to sellers 3.14 3.70 2.24

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.

QNCQBTSUIS
QNC 1.00 0.42 0.00
QBTS 0.42 1.00 0.30
UIS 0.00 0.30 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, QNC, QBTS and UIS?

D-Wave Quantum (QBTS) is the largest by market capitalisation: Quantum eMotion (QNC) $192.30M, D-Wave Quantum (QBTS) $3.90B, Unisys (UIS) $186.30M.

Which company is growing faster?

Unisys (UIS) grew revenue fastest over the trailing twelve months: D-Wave Quantum (QBTS) -44.2%, Unisys (UIS) -0.6%.

Which company is more profitable?

Unisys (UIS) has the highest net margin (D-Wave Quantum (QBTS) -2,001.6%, Unisys (UIS) -21.7%). On return on invested capital, Unisys (UIS) leads (D-Wave Quantum (QBTS) -12.3%, Unisys (UIS) 6.4%).

Which stock has performed better?

Over the past year Unisys (UIS) returned the most: D-Wave Quantum (QBTS) -66.3%, Unisys (UIS) -24.9%. Over five years, D-Wave Quantum (QBTS) compounded fastest (D-Wave Quantum (QBTS) +3.3%/yr, Unisys (UIS) -36.5%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Unisys (UIS) has been the steadiest (Quantum eMotion (QNC) 93.6%, D-Wave Quantum (QBTS) 100.2%, Unisys (UIS) 64.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, QNC, QBTS and UIS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Unisys (UIS) leads on 6. 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.