QUBT vs BTQ vs ARQQ Stock Comparison

Quantum Computing, BTQ Technologies and Arqit Quantum Prices as of Oct 29, 2026 Peers: Industry group
QUBT Quantum Computing Inc.
$6.82 -19.4% 1M -56.1% 1Y
Market cap
$1.54B
P/E
–
Revenue (TTM)
$9.82M
Div. yield
–
Quantum Computing Technology
5 wins
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
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

Head to Head

5 decided of 12

Quantum Computing leads on 5 of the 12 questions below (Quantum Computing 5). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQUBTBTQARQQLeader
Larger companyMarket capitalisation $1.54B $303.27M $269.14M QUBT
Cheaper on earningsLower P/E, profitable companies only -102.3x -8.5x — –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +3,635.4% — — –
More profitableNet margin, trailing twelve months -152.5% — — –
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 -56.1% -72.8% -61.2% QUBT
Better 5-year returnAnnualised price return, 5 years +1.8%/yr — -49.7%/yr QUBT
Less volatileAnnualised volatility, 1 year 88.8% 119.6% 110.8% QUBT
Higher overall scoreMean of the five percentile scores vs peers 33/100 16/100 — QUBT

Percentile Scorecard

QUBTBTQARQQ

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

AxisQUBTBTQARQQ
Valuation 25 #93 of 124 5 #118 of 124 –
Growth 29 #81 of 113 0 #113 of 113 –
Profitability 18 #90 of 109 2 #107 of 109 –
Financial Health 93 #10 of 127 51 #63 of 127 84 #21 of 127
Shareholder Returns 0 #63 of 63 21 #50 of 63 –
Overall 33 16 –
  • QUBT ranked among 137 companies in Infrastructure Software
  • BTQ ranked among 137 companies in Infrastructure Software
  • ARQQ ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodQUBTBTQARQQSPY
1 month -19.4%-23.9%-27.0% +0.7%
3 months -15.0%-39.0%-0.6% +3.7%
6 months -24.4%-24.2%+22.6% +7.1%
Year to date -33.5%-57.8%-19.6% +12.8%
1 year -56.1%-72.8%-61.2% +11.9%
3 years +917.9%+597.7%+73.0% +85.2%
3 years, per year +116.8%+91.2%+20.1% +22.8%
5 years +9.1%—-96.8% +67.6%
5 years, per year +1.8%—-49.7% +10.9%
10 years +3,310.0%—— +262.0%
10 years, per year +42.3%—— +13.7%

Risk

MeasureQUBTBTQARQQSPY
Volatility, 1Y 88.8%119.6%110.8% 12.7%
Downside volatility, 1Y 85.4%102.4%102.1% 12.6%
Beta vs S&P 500, 1Y 3.704.274.09 1.00
Return / volatility, 1Y -0.63-0.61-0.55 0.94
Max drawdown, 5Y -94.4%-85.9%-99.6% -25.4%
From 52-week high -59.2%-72.8%-61.2% -1.2%
52-week high $16.71$7.95$45.37 $779.14
52-week low $6.31$2.00$11.78 $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.

MultipleQUBTBTQARQQ
P/E now vs peer median -102.3xmedian 39.0x -8.5xmedian 39.0x —median 39.0x
P/S now vs peer median 157.1xmedian 4.6x —median 4.6x —median 4.6x
EV/EBITDA now vs peer median -8.6xmedian 32.7x —median 32.7x —median 32.7x
P/FCF now vs peer median -30.0xmedian 27.4x -20.5xmedian 27.4x —median 27.4x
P/B now vs peer median 1.0xmedian 3.2x 24.0xmedian 3.2x 9.4xmedian 3.2x
PEG now vs peer median -2.55median 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 monthsQUBTBTQARQQ
Revenue $9.82M – –
Gross profit -$1.86M – –
Operating income -$76.18M -$34.64M –
Net income -$14.98M -$34.57M –
Free cash flow -$51.48M -$14.76M –
R&D $26.91M $4.75M –
EPS (diluted) $-0.07 $-0.26 –
Cash & equivalents $189.15M $6.85M $28.86M
Shares (diluted) 224.73M 135.62M 13.79M
Enterprise value -$2.07B $243.99M $159.81M

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
MetricQUBTBTQARQQ
P/E -102.3x -8.5x –
P/FCF -30.0x -20.5x –
P/Operating cash flow -35.9x -20.4x –
P/S 157.1x – –
P/B 1.0x 24.0x 9.4x
P/Tangible book 1.0x 24.0x 10.2x
EV/EBITDA -8.6x – –
EV/EBIT -7.7x -8.6x –
EV/Revenue 60.0x – –
EV/FCF -11.5x -20.1x –
EV/Operating cash flow -13.7x -20.0x –
PEG (3Y EPS CAGR) -2.55 – –

Growth

14 metrics
MetricQUBTBTQARQQ
Revenue growth (1Y) 3,635% – –
Revenue CAGR (3Y) 230.4% – –
Gross profit growth (1Y) -2,367% – –
Gross profit CAGR (3Y) -158.9% – –
Operating income growth (1Y) -132.2% -1,885% –
Operating income CAGR (3Y) -36.2% – –
Net income growth (1Y) 80.4% -307.6% –
Net income CAGR (3Y) 18.1% – –
EPS growth (1Y) 87.7% -1,660% –
EPS CAGR (3Y) 40.2% – –
Operating cash flow growth (1Y) -128.0% – –
Operating cash flow CAGR (3Y) -41.0% – –
Free cash flow growth (1Y) -105.7% – –
Free cash flow CAGR (3Y) -45.3% – –

Profitability

14 metrics
MetricQUBTBTQARQQ
Gross margin -18.9% – –
EBITDA margin -697.4% – –
Operating margin -775.5% – –
Pretax margin -152.5% – –
Net margin -152.5% – –
FCF margin -524.0% – –
Operating cash flow margin -438.3% – –
Return on equity -0.9% -234.8% –
Return on assets -0.9% -191.6% –
Return on invested capital – – –
Return on capital employed -4.7% -247.3% –
Asset turnover 0.0x – –
Cash conversion (OCF / net income) 2.9x 0.4x –
Stock comp / revenue 86.5% – –

Financial Health

11 metrics
MetricQUBTBTQARQQ
Debt / assets – – –
Debt / equity – – –
Net debt / EBITDA – – –
Debt / FCF – – –
Liabilities / assets 2.9% 26.9% 21.3%
Equity / assets 97.1% 73.1% 78.7%
Interest coverage -577.1x -775.2x –
Current ratio 53.1x 1.9x 4.9x
Quick ratio 51.7x 1.7x 4.9x
Cash ratio 51.3x 1.7x 4.4x
Altman Z-score 20.00 – –

Shareholder Returns

7 metrics
MetricQUBTBTQARQQ
Dividend yield – – –
Net buyback yield -77.7% -2.4% –
Shareholder yield -77.7% -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.

ConsensusQUBTBTQARQQ
EPS, next fiscal year $-0.15FY2026 – $-1.46FY2026
Revenue, next fiscal year $29.28MFY2026 – $2.41MFY2026
Revenue growth, next FY +4,193.8%FY2026 – +355.4%FY2026
Revenue growth, the year after +84.3% – +208.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQUBTBTQARQQ
Held by institutions 45.4% 28.2% 89.2%
Institutions holding 314 94 66
Change in shares held, QoQ +10.7% +103.2% +205.7%
Institutions buying 196 55 42
Institutions selling 61 15 11
Buyers to sellers 3.21 3.67 3.82

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.

QUBTBTQARQQ
QUBT 1.00 0.63 0.65
BTQ 0.63 1.00 0.64
ARQQ 0.65 0.64 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, QUBT, BTQ and ARQQ?

Quantum Computing (QUBT) is the largest by market capitalisation: Quantum Computing (QUBT) $1.54B, BTQ Technologies (BTQ) $303.27M, Arqit Quantum (ARQQ) $269.14M.

Which stock has performed better?

Over the past year Quantum Computing (QUBT) returned the most: Quantum Computing (QUBT) -56.1%, BTQ Technologies (BTQ) -72.8%, Arqit Quantum (ARQQ) -61.2%. Over five years, Quantum Computing (QUBT) compounded fastest (Quantum Computing (QUBT) +1.8%/yr, Arqit Quantum (ARQQ) -49.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Quantum Computing (QUBT) has been the steadiest (Quantum Computing (QUBT) 88.8%, BTQ Technologies (BTQ) 119.6%, Arqit Quantum (ARQQ) 110.8%). Volatility measures how widely the price swings, not the risk of the business.

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

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Quantum Computing (QUBT) leads on 5. 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.