D-Wave Quantum (QBTS) Return on Capital Employed (2022 - 2026)

D-Wave Quantum (QBTS) posted Return on Capital Employed of 13.97% for Q1 2026, down 21.04% sequentially from 11.54% in Q4 2025, and up 1469.0% YoY from 0.89% in Q1 2025.

D-Wave Quantum (QBTS) Return on Capital Employed (2022 - 2026) Analysis & Trends

D-Wave Quantum has reported Return on Capital Employed for 5 years, with the latest figure at 13.97% in Q1 2026.

  • Quarterly Return on Capital Employed rose 1469.0% year-over-year to 13.97% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 13.97% (up 1469.0% YoY) and the FY2025 annual result came in at 18.7%, up 5894.0% from the prior year.
  • Return on Capital Employed declined to 13.97% in Q1 2026 per QBTS's latest filing, from 11.54% in the prior quarter.
  • Over five years, Return on Capital Employed peaked at 1069.6% in Q2 2023 and troughed at 2113.72% in Q3 2023.
  • A 5-year average of 255.01% and a median of 150.5% in 2023 frame the typical range for Return on Capital Employed.
  • The sharpest annual moves came in 2023 and 2024: Return on Capital Employed sank 187955 bps in 2023, then soared 186744 bps in 2024.
  • Over 5 years, Return on Capital Employed stood at 417.58% in 2022, then soared by 64 bps to 150.5% in 2023, then jumped by 46 bps to 81.66% in 2024, then surged by 86 bps to 11.54% in 2025, then declined by 21 bps to 13.97% in 2026.
  • According to Business Quant data, Return on Capital Employed over the past three periods registered 13.97%, 11.54%, and 10.22% for Q1 2026, Q4 2025, and Q3 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) ROCE (Qtr)
1 Dell Technologies 279.74 Bn 268.16 Bn 7.78 Bn 31.76%
2 Arista Networks 233.03 Bn 220.67 Bn 1.68 Bn 29.70%
3 Sandisk 191.00 Bn 187.26 Bn 4.66 Bn 40.93%
4 Seagate Technology Holdings 182.93 Bn 181.79 Bn 1.45 Bn 55.82%
5 Western Digital 180.27 Bn 177.03 Bn 1.68 Bn 33.39%
6 Everpure 26.48 Bn 24.98 Bn 723.33 Mn 5.87%
7 Hp 25.04 Bn 21.33 Bn 3.02 Bn 25.32%
8 Super Micro Computer 17.15 Bn 15.86 Bn 1.02 Bn 8.58%
9 Logitech International 15.08 Bn 13.33 Bn 607.94 Mn 33.64%
10 D-Wave Quantum 7.35 Bn 7.35 Bn 1.82 Mn -13.97%

Historic Data

Download Data
DateValue
Mar 31, 2026 -13.97%
Dec 31, 2025 -11.54%
Sep 30, 2025 -10.22%
Jun 30, 2025 -13.91%
Mar 31, 2025 -28.66%
Dec 31, 2024 -81.66%
Sep 30, 2024 -246.28%
Jun 30, 2024 -581.27%
Mar 31, 2024 -170.16%
Dec 31, 2023 -150.50%
Sep 30, 2023 -2,113.72%
Jun 30, 2023 1,069.60%
Mar 31, 2023 -821.15%
Dec 31, 2022 -417.58%
Sep 30, 2022 -234.17%