IONQ (IONQ)

Financial Metrics & Valuation Analysis

Enterprise Valuation (TTM)

Enterprise Value$13.14B
EV / Sales70.22
EV / EBITDA33.49
EV / Operating Cash Flow-32.75
EV / Free Cash Flow-30.93

Return Metrics (TTM)

Return on Equity (ROE)9.08%
Return on Assets (ROA)4.14%
Return on Invested Capital (ROIC)-12.69%
Return on Capital Employed (ROCE)-12.70%

Yield Metrics

Earnings Yield2.12%
Free Cash Flow Yield-3.12%

Balance Sheet Strength

Net Debt / EBITDA-1.18
Current Ratio14.05
Working Capital$2.14B
Tangible Asset Value$2.08B
Net Current Asset Value$598.91M

Working Capital Efficiency

Days Sales Outstanding228.66
Days Payables Outstanding120.68
Operating Cycle (Days)451.22
Cash Conversion Cycle330.54

Capital Allocation

CapEx / Revenue12.60%
CapEx / Operating Cash Flow-5.87%
R&D / Revenue210.13%
SG&A / Revenue205.23%

Fiscal Year 2025 Ratios

Audited annual results as of 2025-12-31

Margins

Gross Profit Margin40.40%
Operating Margin-487.41%
Net Profit Margin-392.55%

Solvency

Debt / Equity0.01
Quick Ratio15.16
Cash Ratio6.18

Per Share

Revenue / Share$0.46
FCF / Share-$1.07
PE Ratio-24.65