QUBT vs QNC vs QBTS Stock Comparison

Quantum Computing, Quantum eMotion and D-Wave Quantum Prices as of Nov 3, 2026 Peers: Industry group
QUBT Quantum Computing Inc.
$6.43 -21.4% 1M -58.2% 1Y
Market cap
$1.45B
P/E
–
Revenue (TTM)
$9.82M
Div. yield
–
Quantum Computing Technology
6 wins
QBTS D-Wave Quantum Inc.
$10.37 -34.2% 1M -68.7% 1Y
Market cap
$3.85B
P/E
–
Revenue (TTM)
$12.43M
Div. yield
–
Quantum Computing Technology
1 win

Head to Head

7 decided of 12

Quantum Computing leads on 6 of the 12 questions below (Quantum Computing 6, D-Wave Quantum 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionQUBTQNCQBTSLeader
Larger companyMarket capitalisation $1.45B $194.17M $3.85B QBTS
Cheaper on earningsLower P/E, profitable companies only -96.7x -42.4x -15.5x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — — — –
Faster revenue growthRevenue growth, trailing twelve months +3,635.4% — -44.2% QUBT
More profitableNet margin, trailing twelve months -152.5% — -2,001.6% QUBT
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 -58.2% — -68.7% QUBT
Better 5-year returnAnnualised price return, 5 years +2.0%/yr — +1.1%/yr QUBT
Less volatileAnnualised volatility, 1 year 87.8% 93.5% 99.8% QUBT
Higher overall scoreMean of the five percentile scores vs peers 34/100 — 33/100 QUBT

Percentile Scorecard

QUBTQNCQBTS

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

AxisQUBTQNCQBTS
Valuation 27 #91 of 124 10 #112 of 124 21 #98 of 124
Growth 29 #81 of 114 – 13 #99 of 114
Profitability 19 #90 of 111 – 16 #94 of 111
Financial Health 94 #9 of 128 95 #8 of 128 91 #12 of 128
Shareholder Returns 0 #73 of 73 – 24 #56 of 73
Overall 34 – 33
  • QUBT ranked among 136 companies in Infrastructure Software
  • QNC ranked among 136 companies in Infrastructure Software
  • QBTS ranked among 136 companies in Infrastructure Software

Price Performance

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

Returns

PeriodQUBTQNCQBTSSPY
1 month -21.4%-41.4%-34.2% -2.0%
3 months -30.3%-56.8%-52.5% -2.2%
6 months -32.7%-65.8%-51.9% +4.2%
Year to date -37.3%—-60.3% +10.6%
1 year -58.2%—-68.7% +10.4%
3 years +674.7%—+1,078.4% +73.6%
3 years, per year +98.0%—+127.7% +20.2%
5 years +10.7%—+5.5% +61.6%
5 years, per year +2.0%—+1.1% +10.1%
10 years +3,115.0%—— +261.3%
10 years, per year +41.5%—— +13.7%

Risk

MeasureQUBTQNCQBTSSPY
Volatility, 1Y 87.8%93.5%99.8% 12.8%
Downside volatility, 1Y 84.8%95.6%92.6% 12.8%
Beta vs S&P 500, 1Y 3.662.974.25 1.00
Return / volatility, 1Y -0.66—-0.69 0.81
Max drawdown, 5Y -94.4%-74.9%-96.7% -25.4%
From 52-week high -58.2%-74.9%-68.7% -3.2%
52-week high $15.38$3.79$33.09 $779.14
52-week low $6.31$0.95$10.09 $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.

MultipleQUBTQNCQBTS
P/E now vs peer median -96.5xmedian 38.8x -38.7xmedian 38.8x -15.5xmedian 38.8x
P/S now vs peer median 148.1xmedian 4.4x 194,218xmedian 4.4x 310.5xmedian 4.4x
EV/EBITDA now vs peer median -7.3xmedian 28.6x —median 28.6x -20.8xmedian 28.6x
P/FCF now vs peer median -28.3xmedian 23.6x 11,829xmedian 23.6x -32.4xmedian 23.6x
P/B now vs peer median 0.9xmedian 3.1x 7.7xmedian 3.1x 3.6xmedian 3.1x
PEG now vs peer median -2.40median 1.27 —median 1.27 10.39median 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 monthsQUBTQNCQBTS
Revenue $9.82M – $12.43M
Gross profit -$1.86M – $7.98M
Operating income -$76.18M – -$170.58M
Net income -$14.98M -$9.47M -$248.70M
Free cash flow -$51.48M – -$119.08M
R&D $26.91M $1.04M $81.78M
EPS (diluted) $-0.07 $-0.02 $-0.67
Cash & equivalents $189.15M $222.23K $296.64M
Total debt – – $35.03M
Shares (diluted) 224.73M 186.70M 370.84M
Enterprise value -$2.16B $107.24M $990.29M

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
MetricQUBTQNCQBTS
P/E -96.5x -38.7x -15.5x
P/FCF -28.3x 11,829x -32.4x
P/Operating cash flow -33.8x – -34.8x
P/S 148.1x 194,218x 310.5x
P/B 0.9x 7.7x 3.6x
P/Tangible book 0.9x 10.4x 4.4x
EV/EBITDA -7.3x – -20.8x
EV/EBIT -6.6x – -19.6x
EV/Revenue 51.0x – 269.3x
EV/FCF -9.7x – -28.1x
EV/Operating cash flow -11.6x – -30.2x
PEG (3Y EPS CAGR) -2.40 – 10.39

Growth

14 metrics
MetricQUBTQNCQBTS
Revenue growth (1Y) 3,635% – -44.2%
Revenue CAGR (3Y) 230.4% – 19.0%
Gross profit growth (1Y) -2,367% – -56.6%
Gross profit CAGR (3Y) -158.9% – 31.6%
Operating income growth (1Y) -132.2% – -116.9%
Operating income CAGR (3Y) -36.2% – -27.8%
Net income growth (1Y) 80.4% – 11.7%
Net income CAGR (3Y) 18.1% – -45.9%
EPS growth (1Y) 87.7% – 28.0%
EPS CAGR (3Y) 40.2% – -1.5%
Operating cash flow growth (1Y) -128.0% – -119.0%
Operating cash flow CAGR (3Y) -41.0% – -28.1%
Free cash flow growth (1Y) -105.7% – -124.4%
Free cash flow CAGR (3Y) -45.3% – -30.9%

Profitability

14 metrics
MetricQUBTQNCQBTS
Gross margin -18.9% – 64.2%
EBITDA margin -697.4% – -1,297%
Operating margin -775.5% – -1,373%
Pretax margin -152.5% – -1,267%
Net margin -152.5% – -2,002%
FCF margin -524.0% – -958.4%
Operating cash flow margin -438.3% – -892.4%
Return on equity -0.9% – -11.7%
Return on assets -0.9% – -10.9%
Return on invested capital – – -12.3%
Return on capital employed -4.7% – -14.8%
Asset turnover 0.0x – 0.0x
Cash conversion (OCF / net income) 2.9x – 0.4x
Stock comp / revenue 86.5% – 250.5%

Financial Health

11 metrics
MetricQUBTQNCQBTS
Debt / assets – – 3.0%
Debt / equity – – 0.0x
Net debt / EBITDA – – 3.2x
Debt / FCF – – -0.3x
Liabilities / assets 2.9% 21.0% 6.5%
Equity / assets 97.1% 79.0% 93.5%
Interest coverage -577.1x – -180.3x
Current ratio 53.1x 33.3x 20.5x
Quick ratio 51.7x 35.0x 20.1x
Cash ratio 51.3x 35.0x 20.0x
Altman Z-score 18.88 – 29.54

Shareholder Returns

7 metrics
MetricQUBTQNCQBTS
Dividend yield – – –
Net buyback yield -82.4% – -1.5%
Shareholder yield -82.4% – -1.5%
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.

ConsensusQUBTQNCQBTS
EPS, next fiscal year $-0.15FY2026 – $-0.31FY2026
Revenue, next fiscal year $29.28MFY2026 – $40.06MFY2026
Revenue growth, next FY +4,193.8%FY2026 – +62.9%FY2026
Revenue growth, the year after +84.3% – +112.2%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersQUBTQNCQBTS
Held by institutions 45.4% 31.6% 53.1%
Institutions holding 316 38 552
Change in shares held, QoQ +10.7% +1,128.1% +12.5%
Institutions buying 196 22 371
Institutions selling 62 7 101
Buyers to sellers 3.16 3.14 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.

QUBTQNCQBTS
QUBT 1.00 0.37 0.86
QNC 0.37 1.00 0.43
QBTS 0.86 0.43 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, QUBT, QNC and QBTS?

D-Wave Quantum (QBTS) is the largest by market capitalisation: Quantum Computing (QUBT) $1.45B, Quantum eMotion (QNC) $194.17M, D-Wave Quantum (QBTS) $3.85B.

Which company is growing faster?

Quantum Computing (QUBT) grew revenue fastest over the trailing twelve months: Quantum Computing (QUBT) +3,635.4%, D-Wave Quantum (QBTS) -44.2%.

Which company is more profitable?

Quantum Computing (QUBT) has the highest net margin (Quantum Computing (QUBT) -152.5%, D-Wave Quantum (QBTS) -2,001.6%).

Which stock has performed better?

Over the past year Quantum Computing (QUBT) returned the most: Quantum Computing (QUBT) -58.2%, D-Wave Quantum (QBTS) -68.7%. Over five years, Quantum Computing (QUBT) compounded fastest (Quantum Computing (QUBT) +2.0%/yr, D-Wave Quantum (QBTS) +1.1%/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) 87.8%, Quantum eMotion (QNC) 93.5%, D-Wave Quantum (QBTS) 99.8%). Volatility measures how widely the price swings, not the risk of the business.

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

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 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.