IonQ (IONQ) Return on Capital Employed [ROCE] (2021 - 2026)
IonQ (IONQ) recorded Return on Capital Employed [ROCE] of -15.46% in Q2 2026, up 20.60 percentage points from -36.05% a year earlier but down 2.63 percentage points from the prior quarter.
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Analysis
IonQ (IONQ) Return on Capital Employed [ROCE] (2021 - 2026) Analysis & Trends
For FY2025, IonQ reported Return on Capital Employed [ROCE] of -18.79%, up 28.18 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a four-year change of -7.46 percentage points (FY2021 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -46.97% in FY2024 (-17.68 pp), -29.29% in FY2023 (-14.99 pp), -14.29% in FY2022 (-2.97 pp) and -11.33% in FY2021.
- Quarterly Return on Capital Employed [ROCE] has ranged from -49.77% in Q4 2024 to -6.19% in Q4 2021 over the past five years.
- On a year-over-year basis, Return on Capital Employed [ROCE] has increased for five consecutive quarters, with an average year-over-year change of +8.83 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 37.76 percentage points in Q4 2025, against a drop of 20.66 percentage points in Q3 2024 at the low end.
- Per Business Quant, the preceding three quarters came in at -12.83% (Q1 2026), -12.01% (Q4 2025) and -17.92% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | 0.30% |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 3.21% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.40% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | -0.47% |
| 10 | IonQ | 16.68 Bn | 9.07 Bn | 19.94 Mn | -15.46% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -15.46% |
| 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% |
API Access
IonQ Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=IONQ&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "IONQ", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=IONQ&period=max&api_key=YOUR_API_KEY");
const data = await res.json();