RGTI vs TSM Stock Comparison

Rigetti Computing and Taiwan Semiconductor Manufacturing Prices as of Oct 26, 2026 Peers: Industry group
RGTI Rigetti Computing, Inc.
$11.44 -31.3% 1M -70.5% 1Y
Market cap
$4.15B
P/E
–
Revenue (TTM)
$13.35M
Div. yield
–
Quantum Computing Technology
1 win

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.

QuestionRGTITSMLeader
Larger companyMarket capitalisation $4.15B $2.27T TSM
Cheaper on earningsLower P/E, profitable companies only -17.4x 28.8x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 25.2x –
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% –
Better 1-year returnPrice return, last 12 months -70.5% +43.9% TSM
Better 5-year returnAnnualised price return, 5 years +2.1%/yr +30.1%/yr TSM
Less volatileAnnualised volatility, 1 year 93.9% 39.2% TSM
Higher overall scoreMean of the five percentile scores vs peers 32/100 74/100 TSM

Percentile Scorecard

RGTITSM

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

AxisRGTITSM
Valuation 15 #105 of 124 67 #32 of 95
Growth 20 #91 of 113 87 #13 of 93
Profitability 9 #100 of 110 92 #8 of 91
Financial Health 90 #14 of 129 69 #32 of 101
Shareholder Returns 27 #49 of 67 54 #35 of 75
Overall 32 74
  • RGTI ranked among 137 companies in Infrastructure Software
  • TSM ranked among 104 companies in Semiconductors

Price Performance

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

Returns

PeriodRGTITSMSPY
1 month -31.3%-5.8% -0.8%
3 months -26.9%+6.3% +3.5%
6 months -32.3%+4.8% +7.0%
Year to date -48.4%+39.7% +12.2%
1 year -70.5%+43.9% +13.0%
3 years +921.4%+393.5% +86.3%
3 years, per year +117.1%+70.3% +23.1%
5 years +11.1%+273.1% +68.6%
5 years, per year +2.1%+30.1% +11.0%
10 years —+1,259.8% +258.0%
10 years, per year —+29.8% +13.6%

Risk

MeasureRGTITSMSPY
Volatility, 1Y 93.9%39.2% 12.7%
Downside volatility, 1Y 90.6%39.1% 12.7%
Beta vs S&P 500, 1Y 3.872.13 1.00
Return / volatility, 1Y -0.751.12 1.02
Max drawdown, 5Y -96.9%-57.1% -25.4%
From 52-week high -74.2%-12.7% -1.8%
52-week high $44.27$485.91 $779.14
52-week low $11.44$275.06 $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.

MultipleRGTITSM
P/E now vs peer median -16.0xmedian 38.1x 28.0xmedian 42.1x
P/S now vs peer median 285.9xmedian 4.3x 15.4xmedian 7.1x
EV/EBITDA now vs peer median -39.2xmedian 35.4x 20.6xmedian 27.5x
P/FCF now vs peer median -43.6xmedian 27.1x 26.0xmedian 37.2x
P/B now vs peer median 7.1xmedian 3.4x 10.9xmedian 4.2x
PEG now vs peer median 4.04median 1.27 0.79median 2.23

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 monthsRGTITSM
Revenue $13.35M $142.94B
Gross profit $4.62M $91.71B
Operating income -$97.16M $80.08B
Net income -$238.67M $74.55B
Free cash flow -$87.58M $84.59B
R&D $73.05M $8.68B
EPS (diluted) $-0.72 $15.16
Cash & equivalents $27.76M $98.36B
Total debt – $22.36B
Shares (diluted) 333.22M 5.19B
Enterprise value $2.44B $1.89T

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
MetricRGTITSM
P/E -16.0x 28.0x
P/FCF -43.6x 26.0x
P/Operating cash flow -62.9x 26.0x
P/S 285.9x 15.4x
P/B 7.1x 10.9x
P/Tangible book 7.1x 10.9x
EV/EBITDA -39.2x 20.6x
EV/EBIT -35.2x 26.3x
EV/Revenue 256.4x 14.7x
EV/FCF -39.1x 24.9x
EV/Operating cash flow -56.4x 24.9x
PEG (3Y EPS CAGR) 4.04 0.79

Growth

14 metrics
MetricRGTITSM
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%
Operating income CAGR (3Y) -0.3% 32.0%
Net income growth (1Y) -44.8% 57.8%
Net income CAGR (3Y) -42.8% 33.5%
EPS growth (1Y) -29.6% 80.8%
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
MetricRGTITSM
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%
Return on assets -36.7% 7.1%
Return on invested capital – 33.4%
Return on capital employed -17.8% 8.4%
Asset turnover 0.0x 0.1x
Cash conversion (OCF / net income) 0.3x 1.1x
Stock comp / revenue 170.7% 0.0%

Financial Health

11 metrics
MetricRGTITSM
Debt / assets – 2.3%
Debt / equity – 0.0x
Net debt / EBITDA – -1.0x
Debt / FCF – 0.1x
Liabilities / assets 17.1% 31.4%
Equity / assets 82.9% 68.6%
Interest coverage – 191.8x
Current ratio 3.9x 2.5x
Quick ratio 3.8x 2.0x
Cash ratio 3.7x 1.8x
Altman Z-score 19.06 17.43

Shareholder Returns

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

ConsensusRGTITSM
Forward P/E – 25.2xFY2026
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
HoldersRGTITSM
Held by institutions 52.1% 14.8%
Institutions holding 475 3,568
Change in shares held, QoQ +0.0% -0.6%
Institutions buying 306 1,902
Institutions selling 87 1,292
Buyers to sellers 3.52 1.47

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.

RGTITSM
RGTI 1.00 0.43
TSM 0.43 1.00

Add a Peer

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Frequently Asked Questions

Which is bigger, RGTI and TSM?

Taiwan Semiconductor Manufacturing (TSM) is the largest by market capitalisation: Rigetti Computing (RGTI) $4.15B, Taiwan Semiconductor Manufacturing (TSM) $2.27T.

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) -70.5%, Taiwan Semiconductor Manufacturing (TSM) +43.9%. Over five years, Taiwan Semiconductor Manufacturing (TSM) compounded fastest (Rigetti Computing (RGTI) +2.1%/yr, Taiwan Semiconductor Manufacturing (TSM) +30.1%/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) 93.9%, Taiwan Semiconductor Manufacturing (TSM) 39.2%). Volatility measures how widely the price swings, not the risk of the business.

Do RGTI and TSM move together?

Their daily returns over the past year have a correlation of 0.43, a moderate positive relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, RGTI and TSM?

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.