IONQ
IonQ, Inc.
There isn't enough reported data to score IONQ yet.
SNOW
Snowflake Inc.
SNOW lost money over the past year, so it has no meaningful PE right now. Analysts expect earnings to recover and profitability to improve.
IONQ Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Stable | |
| Weak | |
| Unavailable |
IONQ's revenue is currently healthy, and its profitability is stable, but its cash flow is weak. There isn't enough data to rate its balance sheet.
SNOW Fundamentals
| Metric | Status |
|---|---|
| Strong | |
| Under pressure | |
| Strong | |
| Unavailable |
SNOW's revenue and cash flow are currently strong, but its profitability is under pressure. There isn't enough data to rate its balance sheet.
IONQ PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 33x | $30.86 | — |
| Cheap | 86x | $80.61 | +161% |
| Fair | 126x | $119 | +285% |
| Expensive | 147x | $138 | +349% |
Historical ranges are pointers, not guarantees.
IONQ's PE is 33x, but its earnings don't support one, so it isn't a reliable read right now.
SNOW PE Valuation
SNOW has no meaningful PE right now: it lost money over the past year.
IONQ Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Losses shrinking | |
| Strong growth | |
| -- | |
| Limited | |
| Low |
Analysts expect IONQ's losses to shrink, with revenue growing. However, they disagree widely on these estimates.
SNOW Forward outlook
| Metric | Outlook |
|---|---|
| -- | |
| Strong growth | |
| Strong growth | |
| Strongly improving | |
| Broad | |
| Moderate |
Analysts expect strong earnings and revenue growth for SNOW, with profitability improving.
IONQ Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Q3 2026 | $0.94 | +$6.31 |
| Q2 2026 | -$3.99 | -$1.96 |
| Q1 2026 | $0.39 | +$1.90 |
| Q4 2025 | -$1.82 | -$0.26 |
| Q3 2025 | -$5.37 | -$4.56 |
| Q2 2025 | -$2.03 | -$1.24 |
| Q1 2025 | -$1.51 | -$0.68 |
| Q4 2024 | -$1.56 | -$0.78 |
IONQ has the edge over SNOW on earnings quality, reporting a profit while its opponent remains loss making.
SNOW Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.74 | — |
| Q3 2026 | -$3.18 | +$0.96 |
| Q2 2026 | -$3.52 | +$0.68 |
| Q1 2026 | -$3.95 | -$0.09 |
| Q4 2025 | -$4.03 | -$0.64 |
| Q3 2025 | -$4.14 | -$1.08 |
| Q2 2025 | -$4.20 | -$1.40 |
| Q1 2025 | -$3.86 | -$1.31 |
| Q4 2024 | -$3.39 | -$0.71 |
SNOW is still losing money, but less than at its worst: $3.18 per share over the past year, against $4.20 at its worst in early 2025.
IONQ Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $173.8M | +336% |
| Q2 2026 | $80.1M | +287% |
| Q1 2026 | $64.7M | +755% |
| Q4 2025 | $61.9M | +429% |
| Q3 2025 | $39.9M | +222% |
| Q2 2025 | $20.7M | +82% |
| Q1 2025 | $7.6M | -0.2% |
| Q4 2024 | $11.7M | +92% |
IONQ's revenue is recovering but still below its 2022 peak: $174M last quarter, up 336% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -249% | +174 points |
| Q2 2026 | -421% | +355 points |
| Q1 2026 | -420% | +580 points |
| Q4 2025 | -369% | +292 points |
| Q3 2025 | -423% | +5.1 points |
| Q2 2025 | -776% | -346 points |
| Q1 2025 | -1000% | -303 points |
| Q4 2024 | -662% | +230 points |
IONQ's operating margin was −249% last quarter, up 174 points from the same quarter a year ago, near the top of its range since 2021.
SNOW Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.5B | +35% |
| Q2 2026 | $1.4B | +33% |
| Q1 2026 | $1.3B | +30% |
| Q4 2025 | $1.2B | +29% |
| Q3 2025 | $1.1B | +32% |
| Q2 2025 | $1B | +26% |
| Q1 2025 | $986.8M | +27% |
| Q4 2024 | $942.1M | +28% |
SNOW's revenue has grown year over year every quarter since late 2020: $1.5B last quarter, up 35% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | -17% | +13 points |
| Q2 2026 | -23% | +20 points |
| Q1 2026 | -25% | +14 points |
| Q4 2025 | -27% | +12 points |
| Q3 2025 | -30% | +11 points |
| Q2 2025 | -43% | -0.9 points |
| Q1 2025 | -39% | -3.6 points |
| Q4 2024 | -39% | -3.3 points |
SNOW has the edge over IONQ on profitability, with a higher operating margin.
IONQ Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | -$331.9M | -$204.7M |
| Q2 2026 | -$114M | -$60.2M |
| Q1 2026 | -$159.4M | -$124.1M |
| Q4 2025 | -$83.3M | -$40.3M |
| Q3 2025 | -$127.2M | -$104.2M |
| Q2 2025 | -$53.8M | -$19.7M |
| Q1 2025 | -$35.3M | -$11.7M |
| Q4 2024 | -$43M | -$9.2M |
IONQ has burned cash in almost every quarter: −$689M over the past year, against −$259M the year before.
SNOW Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $83.8M | +44% |
| Q2 2026 | $232.8M | +27% |
| Q1 2026 | $765.1M | +82% |
| Q4 2025 | $113.6M | +29% |
| Q3 2025 | $58.2M | -10% |
| Q2 2025 | $183.4M | -46% |
| Q1 2025 | $421.4M | +27% |
| Q4 2024 | $88.3M | -21% |
SNOW has the edge over IONQ on cash generation, producing positive trailing cash flow while its opponent burns cash.
IONQ Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +9% | +33.2M shares |
| 1 year | +60% | +150M shares |
| 3 years | +99% | +199M shares |
| 5 years | +108% | +208M shares |
IONQ has 401M diluted shares, up 60% from a year ago.
| Quarter | Spent |
|---|---|
| Q2 2021 | — |
| Q3 2020 | — |
| Q2 2020 | — |
| Q1 2020 | — |
SNOW Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +3.9M shares |
| 1 year | +4.2% | +14M shares |
| 3 years | +6.7% | +21.9M shares |
| 5 years | +17% | +51.5M shares |
| Available history | +47% | +111M shares |
SNOW has the edge over IONQ on shareholder dilution, with a more favorable share count trend.
| Quarter | Spent |
|---|---|
| Q3 2026 | — |
| Q2 2026 | $300M |
| Q1 2026 | $150M |
| Q4 2025 | $232.9M |
| Q3 2025 | — |
| Q2 2025 | $490.6M |
| Q1 2025 | — |
| Q4 2024 | $1B |
SNOW spent $683M buying back its own shares over the past year, down 55% from the year before.
IONQ Net Leverage
SNOW Net Leverage
SNOW's operating earnings (EBITDA) were negative over the past year, so its debt can't be measured against them.
IONQ Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 40.7 | Neutral |
| Stochastic | 22.3 | Neutral |
IONQ's weekly RSI is 41 (neutral) and its Stochastic is 22 (neutral).
SNOW Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 52.4 | Neutral |
| Stochastic | 25.2 | Neutral |
SNOW's weekly RSI is 52 (neutral) and its Stochastic is 25 (neutral).
IONQ PE vs Technology Sector
| Metric | IONQ | Sector median | Relative |
|---|---|---|---|
| PE | 33x | 28x | 18% above |
IONQ is trading at 33x earnings, a 18% premium to the Technology sector's median of 28x, though its earnings don't support one.
SNOW PE vs Technology Sector
SNOW has no meaningful PE right now: it lost money over the past year.
IONQ Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $35.7 | 13% below |
| 20 week MA | $38.6 | 20% below |
| 50 week MA | $42.4 | 27% below |
| 100 week MA | $42.2 | 27% below |
| 200 week MA | $26.8 | 15% above |
IONQ has fallen below most of its moving averages, though it's still 15% above its 200-week average.
SNOW Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $319.9 | 6.6% below |
| 20 week MA | $311.5 | 4.1% below |
| 50 week MA | $238.6 | 25% above |
| 100 week MA | $218.8 | 37% above |
| 200 week MA | $187.5 | 59% above |
SNOW has the edge over IONQ on trend strength, trading above more of its moving averages.
IONQ Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2021 | $11.0 | $17.9 | +62% |
| 2022 | $17.9 | $3.30 | -82% |
| 2023 | $3.30 | $12.4 | +275% |
| 2024 | $12.4 | $45.5 | +267% |
| 2025 | $45.5 | $46.0 | +1.1% |
| 2026 YTD | $46.0 | $30.9 | -33% |
IONQ's yearly returns have swung widely, from +275% in 2023 to −82% in 2022. It's down 33% so far in 2026.
SNOW Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $240.0 | $323.0 | +35% |
| 2021 | $323.0 | $349.2 | +8.1% |
| 2022 | $349.2 | $138.5 | -60% |
| 2023 | $138.5 | $199.0 | +44% |
| 2024 | $199.0 | $158.7 | -20% |
| 2025 | $158.7 | $223.9 | +41% |
| 2026 YTD | $223.9 | $298.7 | +33% |
SNOW has the edge over IONQ on returns for 2026, with the stronger performance.