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
DateValue
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%