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IONQ INC (IONQ) Stock Fundamental Analysis

NYSE:IONQ - New York Stock Exchange, Inc. - US46222L1089 - Common Stock - Currency: USD

45.04  -0.75 (-1.64%)

Fundamental Rating

4

Overall IONQ gets a fundamental rating of 4 out of 10. We evaluated IONQ against 32 industry peers in the Technology Hardware, Storage & Peripherals industry. While IONQ has a great health rating, there are worries on its profitability. IONQ is quite expensive at the moment. It does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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1

1. Profitability

1.1 Basic Checks

In the past year IONQ has reported negative net income.
In the past year IONQ has reported a negative cash flow from operations.
IONQ had negative earnings in each of the past 5 years.
IONQ had a negative operating cash flow in each of the past 5 years.
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 -100M -200M -300M

1.2 Ratios

The Return On Assets of IONQ (-65.24%) is worse than 81.25% of its industry peers.
IONQ has a Return On Equity (-86.40%) which is comparable to the rest of the industry.
Industry RankSector Rank
ROA -65.24%
ROE -86.4%
ROIC N/A
ROA(3y)-33.96%
ROA(5y)-24.76%
ROE(3y)-42.48%
ROE(5y)-30.35%
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 -20 -40 -60 -80

1.3 Margins

IONQ's Gross Margin of 52.77% is amongst the best of the industry. IONQ outperforms 93.75% of its industry peers.
In the last couple of years the Gross Margin of IONQ has remained more or less at the same level.
IONQ does not have Profit Margin and Operating Margin available, so we won't be analyzing them here.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 52.77%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y1.49%
GM growth 5YN/A
IONQ Yearly Profit, Operating, Gross MarginsIONQ Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2020 2021 2022 2023 2024 0 -1K -2K -3K -4K -5K

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8

2. Health

2.1 Basic Checks

IONQ does not have a ROIC to compare to the WACC, probably because it is not profitable.
The number of shares outstanding for IONQ has been increased compared to 1 year ago.
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

An Altman-Z score of 51.23 indicates that IONQ is not in any danger for bankruptcy at the moment.
IONQ has a better Altman-Z score (51.23) than 100.00% of its industry peers.
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.
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Altman-Z 51.23
ROIC/WACCN/A
WACC9.22%
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 0 200M 400M

2.3 Liquidity

A Current Ratio of 10.50 indicates that IONQ has no problem at all paying its short term obligations.
With an excellent Current ratio value of 10.50, IONQ belongs to the best of the industry, outperforming 100.00% of the companies in the same industry.
IONQ has a Quick Ratio of 10.50. This indicates that IONQ is financially healthy and has no problem in meeting its short term obligations.
Looking at the Quick ratio, with a value of 10.50, IONQ belongs to the top of the industry, outperforming 100.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 10.5
Quick Ratio 10.5
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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6

3. Growth

3.1 Past

IONQ shows a strong negative growth in Earnings Per Share. In the last year the EPS decreased by -79.52%.
Looking at the last year, IONQ shows a very strong growth in Revenue. The Revenue has grown by 95.41%.
IONQ shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 173.73% yearly.
EPS 1Y (TTM)-79.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.32%
Revenue 1Y (TTM)95.41%
Revenue growth 3Y173.73%
Revenue growth 5YN/A
Sales Q2Q%-0.21%

3.2 Future

The Earnings Per Share is expected to grow by 17.28% on average over the next years. This is quite good.
The Revenue is expected to grow by 78.72% on average over the next years. This is a very strong growth
EPS Next Y25.16%
EPS Next 2Y5%
EPS Next 3Y7.19%
EPS Next 5Y17.28%
Revenue Next Year104.86%
Revenue Next 2Y100.74%
Revenue Next 3Y90.11%
Revenue Next 5Y78.72%

3.3 Evolution

Although the future Revenue growth is still strong, it is not able to hold up the even more excellent growth rate of 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 200M 400M 600M 800M 1B
IONQ Yearly EPS VS EstimatesIONQ Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 0.5 -0.5 -1 -1.5

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0

4. Valuation

4.1 Price/Earnings Ratio

IONQ reported negative earnings for the last year, which makes the Price/Earnings Ratio negative.
Besides the negative Price/Earnings Ratio, also the Forward Price/Earnings Ratio is negative for IONQ. No positive earnings are expected for the next year.
Industry RankSector Rank
PE N/A
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 1 -1

4.3 Compensation for Growth

PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y5%
EPS Next 3Y7.19%

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0

5. Dividend

5.1 Amount

IONQ does not give a dividend.
Industry RankSector Rank
Dividend Yield N/A

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IONQ INC

NYSE:IONQ (5/23/2025, 10:38:10 AM)

45.04

-0.75 (-1.64%)

Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupTechnology Hardware & Equipment
GICS IndustryTechnology Hardware, Storage & Peripherals
Earnings (Last)05-07 2025-05-07/amc
Earnings (Next)08-05 2025-08-05/amc
Inst Owners41.06%
Inst Owner Change13.29%
Ins Owners6.4%
Ins Owner Change1.45%
Market Cap10.97B
Analysts80
Price Target44.47 (-1.27%)
Short Float %19.81%
Short Ratio2.24
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-136.44%
Min EPS beat(2)-264.71%
Max EPS beat(2)-8.18%
EPS beat(4)2
Avg EPS beat(4)-56.9%
Min EPS beat(4)-264.71%
Max EPS beat(4)25.49%
EPS beat(8)3
Avg EPS beat(8)-43.2%
EPS beat(12)5
Avg EPS beat(12)-20.02%
EPS beat(16)N/A
Avg EPS beat(16)N/A
Revenue beat(2)2
Avg Revenue beat(2)15.36%
Min Revenue beat(2)15.11%
Max Revenue beat(2)15.6%
Revenue beat(4)4
Avg Revenue beat(4)16.16%
Min Revenue beat(4)5.06%
Max Revenue beat(4)28.88%
Revenue beat(8)8
Avg Revenue beat(8)15.35%
Revenue beat(12)10
Avg Revenue beat(12)11.93%
Revenue beat(16)N/A
Avg Revenue beat(16)N/A
PT rev (1m)-2.24%
PT rev (3m)7.26%
EPS NQ rev (1m)0%
EPS NQ rev (3m)15.75%
EPS NY rev (1m)-43.95%
EPS NY rev (3m)-18.32%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-54.45%
Revenue NY rev (1m)-1.35%
Revenue NY rev (3m)0.97%
Valuation
Industry RankSector Rank
PE N/A
Fwd PE N/A
P/S 254.65
P/FCF N/A
P/OCF N/A
P/B 28.57
P/tB 31.84
EV/EBITDA N/A
EPS(TTM)-1.49
EYN/A
EPS(NY)-1.38
Fwd EYN/A
FCF(TTM)-0.53
FCFYN/A
OCF(TTM)-0.43
OCFYN/A
SpS0.18
BVpS1.58
TBVpS1.41
PEG (NY)N/A
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA -65.24%
ROE -86.4%
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 52.77%
FCFM N/A
ROA(3y)-33.96%
ROA(5y)-24.76%
ROE(3y)-42.48%
ROE(5y)-30.35%
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
ROICexcg growth 3YN/A
ROICexcg 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 3Y1.49%
GM growth 5YN/A
F-Score3
Asset Turnover0.08
Health
Industry RankSector Rank
Debt/Equity 0
Debt/FCF N/A
Debt/EBITDA N/A
Cap/Depr 126.35%
Cap/Sales 54.72%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 10.5
Quick Ratio 10.5
Altman-Z 51.23
F-Score3
WACC9.22%
ROIC/WACCN/A
Cap/Depr(3y)179.69%
Cap/Depr(5y)N/A
Cap/Sales(3y)85.42%
Cap/Sales(5y)N/A
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-79.52%
EPS 3YN/A
EPS 5YN/A
EPS Q2Q%26.32%
EPS Next Y25.16%
EPS Next 2Y5%
EPS Next 3Y7.19%
EPS Next 5Y17.28%
Revenue 1Y (TTM)95.41%
Revenue growth 3Y173.73%
Revenue growth 5YN/A
Sales Q2Q%-0.21%
Revenue Next Year104.86%
Revenue Next 2Y100.74%
Revenue Next 3Y90.11%
Revenue Next 5Y78.72%
EBIT growth 1Y-47.36%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year41.64%
EBIT Next 3Y20.16%
EBIT Next 5Y22.28%
FCF growth 1Y-31.41%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y-34.1%
OCF growth 3YN/A
OCF growth 5YN/A