RGTI vs TSM vs BTQ Stock Comparison

Rigetti Computing, Taiwan Semiconductor Manufacturing and BTQ Technologies Prices as of Oct 29, 2026 Peers: Industry group
RGTI Rigetti Computing, Inc.
$12.06 -23.4% 1M -69.4% 1Y
Market cap
$3.71B
P/E
–
Revenue (TTM)
$13.35M
Div. yield
–
Quantum Computing Technology
1 win
BTQ BTQ Technologies Corp.
$2.16 -23.9% 1M -72.8% 1Y
Market cap
$267.16M
P/E
–
Revenue (TTM)
—
Div. yield
–
Quantum Computing Technology

Head to Head

7 decided of 12

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

QuestionRGTITSMBTQLeader
Larger companyMarket capitalisation $3.71B $2.10T $267.16M TSM
Cheaper on earningsLower P/E, profitable companies only -15.5x 26.7x -7.7x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 25.7x — –
Faster revenue growthRevenue growth, trailing twelve months +68.5% +34.4% — RGTI
More profitableNet margin, trailing twelve months -1,787.4% 55.0% — TSM
Better return on capitalReturn on invested capital — 33.4% — –
Less leveragedLower net debt / EBITDA — -1.0x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -69.4% +41.5% -72.8% TSM
Better 5-year returnAnnualised price return, 5 years +2.8%/yr +30.6%/yr — TSM
Less volatileAnnualised volatility, 1 year 93.6% 39.3% 119.6% TSM
Higher overall scoreMean of the five percentile scores vs peers 32/100 75/100 16/100 TSM

Percentile Scorecard

RGTITSMBTQ

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

AxisRGTITSMBTQ
Valuation 14 #107 of 124 69 #30 of 94 5 #118 of 124
Growth 20 #91 of 113 87 #13 of 92 0 #113 of 113
Profitability 9 #99 of 109 92 #8 of 88 2 #107 of 109
Financial Health 89 #15 of 127 68 #31 of 96 51 #63 of 127
Shareholder Returns 27 #46 of 63 61 #29 of 72 21 #50 of 63
Overall 32 75 16
  • RGTI ranked among 137 companies in Infrastructure Software
  • TSM ranked among 103 companies in Semiconductors
  • BTQ ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodRGTITSMBTQSPY
1 month -23.4%-5.6%-23.9% +0.7%
3 months -18.8%+7.0%-39.0% +3.7%
6 months -30.9%+9.0%-24.2% +7.1%
Year to date -45.6%+42.0%-57.8% +12.8%
1 year -69.4%+41.5%-72.8% +11.9%
3 years +1,016.7%+401.5%+597.7% +85.2%
3 years, per year +123.6%+71.2%+91.2% +22.8%
5 years +14.6%+279.6%— +67.6%
5 years, per year +2.8%+30.6%— +10.9%
10 years —+1,302.8%— +262.0%
10 years, per year —+30.2%— +13.7%

Risk

MeasureRGTITSMBTQSPY
Volatility, 1Y 93.6%39.3%119.6% 12.7%
Downside volatility, 1Y 89.6%39.0%102.4% 12.6%
Beta vs S&P 500, 1Y 3.902.144.27 1.00
Return / volatility, 1Y -0.741.06-0.61 0.94
Max drawdown, 5Y -96.9%-57.1%-85.9% -25.4%
From 52-week high -72.8%-11.2%-72.8% -1.2%
52-week high $44.27$485.91$7.95 $779.14
52-week low $11.44$275.06$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.

MultipleRGTITSMBTQ
P/E now vs peer median -16.8xmedian 39.0x 28.5xmedian 46.4x -8.5xmedian 39.0x
P/S now vs peer median 301.4xmedian 4.6x 15.7xmedian 7.8x —median 4.6x
EV/EBITDA now vs peer median -41.6xmedian 32.7x 21.0xmedian 27.5x —median 32.7x
P/FCF now vs peer median -45.9xmedian 27.4x 26.5xmedian 40.1x -20.5xmedian 27.4x
P/B now vs peer median 7.5xmedian 3.2x 11.1xmedian 4.7x 24.0xmedian 3.2x
PEG now vs peer median 4.26median 1.23 0.80median 2.10 —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 monthsRGTITSMBTQ
Revenue $13.35M $142.94B –
Gross profit $4.62M $91.71B –
Operating income -$97.16M $80.08B -$34.64M
Net income -$238.67M $74.55B -$34.57M
Free cash flow -$87.58M $84.59B -$14.76M
R&D $73.05M $8.68B $4.75M
EPS (diluted) $-0.72 $15.16 $-0.26
Cash & equivalents $27.76M $98.36B $6.85M
Total debt – $22.36B –
Shares (diluted) 333.22M 5.19B 135.62M
Enterprise value $2.01B $1.72T $207.89M

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
MetricRGTITSMBTQ
P/E -16.8x 28.5x -8.5x
P/FCF -45.9x 26.5x -20.5x
P/Operating cash flow -66.3x 26.5x -20.4x
P/S 301.4x 15.7x –
P/B 7.5x 11.1x 24.0x
P/Tangible book 7.5x 11.1x 24.0x
EV/EBITDA -41.6x 21.0x –
EV/EBIT -37.4x 26.7x -8.6x
EV/Revenue 271.9x 15.0x –
EV/FCF -41.5x 25.3x -20.1x
EV/Operating cash flow -59.8x 25.3x -20.0x
PEG (3Y EPS CAGR) 4.26 0.80 –

Growth

14 metrics
MetricRGTITSMBTQ
Revenue growth (1Y) 68.5% 34.4% –
Revenue CAGR (3Y) -2.5% 25.3% –
Gross profit growth (1Y) 43.8% 47.2% –
Gross profit CAGR (3Y) -26.6% 29.2% –
Operating income growth (1Y) -25.6% 52.1% -1,885%
Operating income CAGR (3Y) -0.3% 32.0% –
Net income growth (1Y) -44.8% 57.8% -307.6%
Net income CAGR (3Y) -42.8% 33.5% –
EPS growth (1Y) -29.6% 80.8% -1,660%
EPS CAGR (3Y) -4.0% 35.6% –
Operating cash flow growth (1Y) -12.9% 27.1% –
Operating cash flow CAGR (3Y) 0.3% 21.4% –
Free cash flow growth (1Y) -33.6% 27.1% –
Free cash flow CAGR (3Y) -3.5% 21.4% –

Profitability

14 metrics
MetricRGTITSMBTQ
Gross margin 34.6% 64.2% –
EBITDA margin -653.3% 71.4% –
Operating margin -727.6% 56.0% –
Pretax margin -1,787% 60.0% –
Net margin -1,787% 55.0% –
FCF margin -655.9% 59.2% –
Operating cash flow margin -454.7% 59.2% –
Return on equity -42.6% 37.3% -234.8%
Return on assets -36.7% 7.1% -191.6%
Return on invested capital – 33.4% –
Return on capital employed -17.8% 8.4% -247.3%
Asset turnover 0.0x 0.1x –
Cash conversion (OCF / net income) 0.3x 1.1x 0.4x
Stock comp / revenue 170.7% 0.0% –

Financial Health

11 metrics
MetricRGTITSMBTQ
Debt / assets – 2.3% –
Debt / equity – 0.0x –
Net debt / EBITDA – -1.0x –
Debt / FCF – 0.1x –
Liabilities / assets 17.1% 31.4% 26.9%
Equity / assets 82.9% 68.6% 73.1%
Interest coverage – 191.8x -775.2x
Current ratio 3.9x 2.5x 1.9x
Quick ratio 3.8x 2.0x 1.7x
Cash ratio 3.7x 1.8x 1.7x
Altman Z-score 20.18 17.67 –

Shareholder Returns

7 metrics
MetricRGTITSMBTQ
Dividend yield – 0.9% –
Net buyback yield -1.3% – -2.4%
Shareholder yield -1.3% 0.9% -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.

ConsensusRGTITSMBTQ
Forward P/E – 25.7xFY2026 –
EPS, next fiscal year $-0.20FY2026 $16.82FY2026 –
EPS growth, next FY – +60.3%FY2026 –
EPS growth, the year after – +40.1% –
Revenue, next fiscal year $22.61MFY2026 $178.59BFY2026 –
Revenue growth, next FY +218.9%FY2026 +48.0%FY2026 –
Revenue growth, the year after +115.1% +41.0% –

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersRGTITSMBTQ
Held by institutions 52.1% 14.8% 28.2%
Institutions holding 476 3,571 94
Change in shares held, QoQ +0.0% -0.6% +103.2%
Institutions buying 307 1,904 55
Institutions selling 87 1,293 15
Buyers to sellers 3.53 1.47 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.

RGTITSMBTQ
RGTI 1.00 0.44 0.63
TSM 0.44 1.00 0.32
BTQ 0.63 0.32 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, RGTI, TSM and BTQ?

Taiwan Semiconductor Manufacturing (TSM) is the largest by market capitalisation: Rigetti Computing (RGTI) $3.71B, Taiwan Semiconductor Manufacturing (TSM) $2.10T, BTQ Technologies (BTQ) $267.16M.

Which company is growing faster?

Rigetti Computing (RGTI) grew revenue fastest over the trailing twelve months: Rigetti Computing (RGTI) +68.5%, Taiwan Semiconductor Manufacturing (TSM) +34.4%.

Which company is more profitable?

Taiwan Semiconductor Manufacturing (TSM) has the highest net margin (Rigetti Computing (RGTI) -1,787.4%, Taiwan Semiconductor Manufacturing (TSM) 55.0%).

Which stock has performed better?

Over the past year Taiwan Semiconductor Manufacturing (TSM) returned the most: Rigetti Computing (RGTI) -69.4%, Taiwan Semiconductor Manufacturing (TSM) +41.5%, BTQ Technologies (BTQ) -72.8%. Over five years, Taiwan Semiconductor Manufacturing (TSM) compounded fastest (Rigetti Computing (RGTI) +2.8%/yr, Taiwan Semiconductor Manufacturing (TSM) +30.6%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Taiwan Semiconductor Manufacturing (TSM) has been the steadiest (Rigetti Computing (RGTI) 93.6%, Taiwan Semiconductor Manufacturing (TSM) 39.3%, BTQ Technologies (BTQ) 119.6%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, RGTI, TSM and BTQ?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Taiwan Semiconductor Manufacturing (TSM) 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.