IonQ (IONQ) Return on Capital Employed (2021 - 2026)
IonQ (IONQ) recorded quarterly Return on Capital Employed of 12.83% in Q1 2026, down 6.82% quarter-over-quarter from 12.01% in Q4 2025, and up 2764.0% on a YoY basis from 0.45% in Q1 2025.
IonQ (IONQ) Return on Capital Employed (2021 - 2026) Analysis & Trends
IonQ's Return on Capital Employed history runs 6 years deep, the most recent figure standing at 12.83% for Q1 2026.
- In Q1 2026, Return on Capital Employed rose 2764.0% year-over-year to 12.83%; the TTM figure through Mar 2026 stood at 12.83% (up 2764.0% YoY), while the FY2025 annual figure was 18.79%, up 2818.0% from the prior year.
- Return on Capital Employed was 12.83% for Q1 2026 at IonQ, down from 12.01% in the prior quarter.
- In the past five years, Return on Capital Employed ranged from a high of 7.96% in Q1 2022 to a low of 49.77% in Q4 2024.
- Historically, Return on Capital Employed has averaged 24.87% across 5 years, with a median of 19.62% in 2023.
- The sharpest annual moves came in 2024 and 2025: Return on Capital Employed slumped 2066 bps in 2024, then jumped 3776 bps in 2025.
- A 5-year view of Return on Capital Employed shows it stood at 14.73% in 2022, then plunged by 105 bps to 30.2% in 2023, then slumped by 65 bps to 49.77% in 2024, then jumped by 76 bps to 12.01% in 2025, then declined by 7 bps to 12.83% in 2026.
- The last three Return on Capital Employed figures came in at 12.83% (Q1 2026), 12.01% (Q4 2025), and 17.92% (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Dell Technologies | 266.21 Bn | 254.69 Bn | 6.73 Bn | 26.19% |
| 2 | Sandisk | 230.78 Bn | 227.04 Bn | 4.66 Bn | 40.93% |
| 3 | Arista Networks | 194.03 Bn | 181.67 Bn | 1.68 Bn | 29.70% |
| 4 | Seagate Technology Holdings | 183.90 Bn | 182.75 Bn | 1.45 Bn | 55.82% |
| 5 | Western Digital | 175.01 Bn | 171.77 Bn | 1.68 Bn | 33.39% |
| 6 | Super Micro Computer | 24.90 Bn | 23.61 Bn | 1.02 Bn | 8.58% |
| 7 | Everpure | 23.71 Bn | 22.70 Bn | 740.09 Mn | 4.53% |
| 8 | Hp | 23.64 Bn | 19.93 Bn | 3.02 Bn | 25.32% |
| 9 | IonQ | 20.37 Bn | 18.35 Bn | 15.41 Mn | -12.83% |
| 10 | Logitech International | 16.58 Bn | 14.83 Bn | 483.28 Mn | 29.15% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -12.83% |
| Dec 31, 2025 | -12.01% |
| Sep 30, 2025 | -17.92% |
| Jun 30, 2025 | -36.05% |
| Mar 31, 2025 | -40.46% |
| Dec 31, 2024 | -49.77% |
| Sep 30, 2024 | -44.05% |
| Jun 30, 2024 | -39.70% |
| Mar 31, 2024 | -35.53% |
| Dec 31, 2023 | -30.20% |
| Sep 30, 2023 | -23.40% |
| Jun 30, 2023 | -19.62% |
| Mar 31, 2023 | -16.69% |
| Dec 31, 2022 | -14.73% |
| Sep 30, 2022 | -12.32% |
| Jun 30, 2022 | -9.63% |
| Mar 31, 2022 | -7.96% |
| Dec 31, 2021 | -6.19% |
| Sep 30, 2021 | -6.30% |
| Jun 30, 2021 | -7.26% |