IONQ INC (IONQ) Fundamental Analysis & Valuation

NYSE:IONQ • US46222L1089

Current stock price

29.3 USD
+1.51 (+5.43%)
At close:
29.2 USD
-0.1 (-0.34%)
After Hours:

This IONQ fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

1

1. IONQ Profitability Analysis

1.1 Basic Checks

  • IONQ had positive earnings in the past year.
  • IONQ had a negative operating cash flow in the past year.
  • In the past 5 years IONQ always reported negative net income.
  • In the past 5 years IONQ always reported negative operating cash flow.
IONQ Yearly Net Income VS EBIT VS OCF VS FCFIONQ Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2020 2021 2022 2023 2024 2025 -200M -400M -600M

1.2 Ratios

  • IONQ has a Return On Assets (-7.77%) which is in line with its industry peers.
  • IONQ's Return On Equity of -13.43% is in line compared to the rest of the industry. IONQ outperforms 59.46% of its industry peers.
Industry RankSector Rank
ROA -7.77%
ROE -13.43%
ROIC N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
IONQ Yearly ROA, ROE, ROICIONQ Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2020 2021 2022 2023 2024 2025 -20 -40 -60 -80

1.3 Margins

  • With a decent Gross Margin value of 42.06%, IONQ is doing good in the industry, outperforming 78.38% of the companies in the same industry.
  • In the last couple of years the Gross Margin of IONQ has declined.
  • The Profit Margin and Operating Margin are not available for IONQ so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 42.06%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.18%
GM growth 5YN/A
IONQ Yearly Profit, Operating, Gross MarginsIONQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 2025 0 -1K -2K -3K -4K -5K

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8

2. IONQ Health Analysis

2.1 Basic Checks

  • IONQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
  • There is no outstanding debt for IONQ. This means it has a Debt/Equity and Debt/FCF ratio of 0 and it is amongst the best of the sector and industry.
IONQ Yearly Shares OutstandingIONQ Yearly Shares OutstandingYearly Shares Outstanding 2020 2021 2022 2023 2024 50M 100M 150M 200M
IONQ Yearly Total Debt VS Total AssetsIONQ Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2020 2021 2022 2023 2024 200M 400M 600M

2.2 Solvency

  • IONQ has an Altman-Z score of 2.22. This is not the best score and indicates that IONQ is in the grey zone with still only limited risk for bankruptcy at the moment.
  • With a decent Altman-Z score value of 2.22, IONQ is doing good in the industry, outperforming 64.86% of the companies in the same industry.
  • IONQ has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 2.22
ROIC/WACCN/A
WACC8.99%
IONQ Yearly LT Debt VS Equity VS FCFIONQ Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

2.3 Liquidity

  • A Current Ratio of 15.50 indicates that IONQ has no problem at all paying its short term obligations.
  • The Current ratio of IONQ (15.50) is better than 94.59% of its industry peers.
  • A Quick Ratio of 15.50 indicates that IONQ has no problem at all paying its short term obligations.
  • The Quick ratio of IONQ (15.50) is better than 94.59% of its industry peers.
Industry RankSector Rank
Current Ratio 15.5
Quick Ratio 15.5
IONQ Yearly Current Assets VS Current LiabilitesIONQ Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2020 2021 2022 2023 2024 100M 200M 300M 400M 500M

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

7

3. IONQ Growth Analysis

3.1 Past

  • IONQ shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 159.74%, which is quite impressive.
  • The Revenue has grown by 201.85% in the past year. This is a very strong growth!
  • The Revenue has been growing by 126.90% on average over the past years. This is a very strong growth!
EPS 1Y (TTM)159.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%307.53%
Revenue 1Y (TTM)201.85%
Revenue growth 3Y126.9%
Revenue growth 5YN/A
Sales Q2Q%428.52%

3.2 Future

  • Based on estimates for the next years, IONQ will show a very negative growth in Earnings Per Share. The EPS will decrease by -26.77% on average per year.
  • Based on estimates for the next years, IONQ will show a very strong growth in Revenue. The Revenue will grow by 64.84% on average per year.
EPS Next Y-221.35%
EPS Next 2Y-73.8%
EPS Next 3Y-52.37%
EPS Next 5Y-26.77%
Revenue Next Year117.42%
Revenue Next 2Y83.79%
Revenue Next 3Y77.61%
Revenue Next 5Y64.84%

3.3 Evolution

  • The estimated forward Revenue growth is still strong, although it is decreasing when compared to the stronger growth in the past years.
IONQ Yearly Revenue VS EstimatesIONQ Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2B 4B 6B
IONQ Yearly EPS VS EstimatesIONQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 -1 -2

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Find the best growth stocksShow best growing peers

1

4. IONQ Valuation Analysis

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 31.85 indicates a quite expensive valuation of IONQ.
  • Based on the Price/Earnings ratio, IONQ is valued a bit cheaper than the industry average as 64.86% of the companies are valued more expensively.
  • The average S&P500 Price/Earnings ratio is at 25.60. IONQ is valued slightly more expensive when compared to this.
  • IONQ is expected to report negative earnings next year, which makes the Forward Price/Earnings Ratio negative.
Industry RankSector Rank
PE 31.85
Fwd PE N/A
IONQ Price Earnings VS Forward Price EarningsIONQ Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 0 10 -10 20 -20 30

4.2 Price Multiples

Industry RankSector Rank
P/FCF N/A
EV/EBITDA N/A
IONQ Per share dataIONQ EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

  • IONQ's earnings are expected to decrease with -52.37% in the coming years. This may justify a cheaper valuation.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y-73.8%
EPS Next 3Y-52.37%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. IONQ Dividend Analysis

5.1 Amount

  • No dividends for IONQ!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

IONQ Fundamentals: All Metrics, Ratios and Statistics

IONQ INC

NYSE:IONQ (4/2/2026, 8:04:00 PM)

After market: 29.2 -0.1 (-0.34%)

29.3

+1.51 (+5.43%)

Chartmill FA Rating
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)02-25
Earnings (Next)05-05
Inst Owners53.36%
Inst Owner Change9.14%
Ins Owners1.37%
Ins Owner Change0.58%
Market Cap10.74B
Revenue(TTM)130.02M
Net Income(TTM)-510.38M
Analysts80
Price Target68.58 (134.06%)
Short Float %22.26%
Short Ratio3.61
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)364.45%
Min EPS beat(2)49.3%
Max EPS beat(2)679.6%
EPS beat(4)3
Avg EPS beat(4)152.41%
Min EPS beat(4)-152.31%
Max EPS beat(4)679.6%
EPS beat(8)5
Avg EPS beat(8)47.75%
EPS beat(12)6
Avg EPS beat(12)22%
EPS beat(16)8
Avg EPS beat(16)23.09%
Revenue beat(2)2
Avg Revenue beat(2)47.55%
Min Revenue beat(2)44.86%
Max Revenue beat(2)50.24%
Revenue beat(4)3
Avg Revenue beat(4)27.91%
Min Revenue beat(4)-1.21%
Max Revenue beat(4)50.24%
Revenue beat(8)7
Avg Revenue beat(8)22.04%
Revenue beat(12)11
Avg Revenue beat(12)19.54%
Revenue beat(16)13
Avg Revenue beat(16)15.92%
PT rev (1m)-10.22%
PT rev (3m)-10.22%
EPS NQ rev (1m)-8.1%
EPS NQ rev (3m)-16.37%
EPS NY rev (1m)5.73%
EPS NY rev (3m)-0.39%
Revenue NQ rev (1m)32.66%
Revenue NQ rev (3m)32.65%
Revenue NY rev (1m)19.84%
Revenue NY rev (3m)20.16%
Valuation
Industry RankSector Rank
PE 31.85
Fwd PE N/A
P/S 82.62
P/FCF N/A
P/OCF N/A
P/B 2.83
P/tB 10.05
EV/EBITDA N/A
EPS(TTM)0.92
EY3.14%
EPS(NY)-1.12
Fwd EYN/A
FCF(TTM)-0.82
FCFYN/A
OCF(TTM)-0.77
OCFYN/A
SpS0.35
BVpS10.36
TBVpS2.91
PEG (NY)N/A
PEG (5Y)N/A
Graham Number14.65
Profitability
Industry RankSector Rank
ROA -7.77%
ROE -13.43%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 42.06%
FCFM N/A
ROA(3y)N/A
ROA(5y)N/A
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y-17.18%
GM growth 5YN/A
F-Score4
Asset Turnover0.02
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 20.02%
Cap/Sales 12.63%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 15.5
Quick Ratio 15.5
Altman-Z 2.22
F-Score4
WACC8.99%
ROIC/WACCN/A
Cap/Depr(3y)111.6%
Cap/Depr(5y)190.4%
Cap/Sales(3y)52.01%
Cap/Sales(5y)149.21%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)159.74%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%307.53%
EPS Next Y-221.35%
EPS Next 2Y-73.8%
EPS Next 3Y-52.37%
EPS Next 5Y-26.77%
Revenue 1Y (TTM)201.85%
Revenue growth 3Y126.9%
Revenue growth 5YN/A
Sales Q2Q%428.52%
Revenue Next Year117.42%
Revenue Next 2Y83.79%
Revenue Next 3Y77.61%
Revenue Next 5Y64.84%
EBIT growth 1Y-172.62%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year32.62%
EBIT Next 3Y15.11%
EBIT Next 5Y18.22%
FCF growth 1Y-131.8%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-167.96%
OCF growth 3YN/A
OCF growth 5YN/A

IONQ INC / IONQ Fundamental Analysis FAQ

Can you provide the ChartMill fundamental rating for IONQ INC?

ChartMill assigns a fundamental rating of 4 / 10 to IONQ.


What is the valuation status for IONQ stock?

ChartMill assigns a valuation rating of 1 / 10 to IONQ INC (IONQ). This can be considered as Overvalued.


Can you provide the profitability details for IONQ INC?

IONQ INC (IONQ) has a profitability rating of 1 / 10.


What is the financial health of IONQ INC (IONQ) stock?

The financial health rating of IONQ INC (IONQ) is 8 / 10.


What is the earnings growth outlook for IONQ INC?

The Earnings per Share (EPS) of IONQ INC (IONQ) is expected to decline by -221.35% in the next year.