IonQ
IONQ · Technology Hardware, Storage & Peripherals
$31.27
0.4%NetApp
NTAP · Technology Hardware, Storage & Peripherals
$215.48
1.4%The short version
- NetApp is the larger business, with $6.9B of revenue in fiscal 2026 against $130M for IonQ, about 53 times as much.
- IonQ grew revenue faster (201.9%, against 5.4%).
- NetApp kept more of each dollar of sales as operating profit (24.2% operating margin, against −487.4% operating margin).
- NetApp turned more of its sales into free cash flow (27.0% FCF margin, against −230.4% FCF margin).
| Latest fiscal year | IONQ · FY25 | NTAP · FY26 |
|---|---|---|
| Size | ||
| Market cap | $11.5B | $43.1B |
| Revenue | $130M | $6.9B |
| Free cash flow | −$300M | $1.9B |
| Net income | −$510M | $1.3B |
| Growth | ||
| Revenue growth | 201.9% | 5.4% |
| 5-year growth | — | 3.8% |
| Share count change | 31.6% | −3.8% |
| Profitability | ||
| Gross margin | — | 70.7% |
| Operating margin | −487.4% | 24.2% |
| Net margin | −392.6% | 18.4% |
| FCF margin | −230.4% | 27.0% |
| Return on capital | −68.3% | — |
| Return on equity | −24.4% | 106.7% |
| Balance sheet | ||
| Net debt | −$2.4B | −$1.1B |
| Net debt / EBITDA | — | −0.6x |
| Dividends and buybacks | $0.0M | $1.4B |
| Valuation & quality | ||
| P/E | — | 30.4x |
| Piotroski F-score | 3 | 7 |
FY17
IONQ —
NTAP $5.5B
FY18
IONQ —
NTAP $5.9B
FY19
IONQ —
NTAP $6.1B
FY20
IONQ $0.0M
NTAP $5.4B
FY21
IONQ $2.1M
NTAP $5.7B
FY22
IONQ $1.2B
NTAP $6.3B
FY23
IONQ $22.0M
NTAP $6.4B
FY24
IONQ $43.1M
NTAP $6.3B
FY25
IONQ $130M
NTAP $6.6B
FY26
IONQ —
NTAP $6.9B
IONQ
NTAP
FY17
IONQ —
NTAP 11.3%
FY18
IONQ —
NTAP 19.6%
FY19
IONQ —
NTAP 19.9%
FY20
IONQ —
NTAP 17.5%
FY21
IONQ −1,843.1%
NTAP 18.0%
FY22
IONQ −6.9%
NTAP 18.3%
FY23
IONQ −715.7%
NTAP 16.0%
FY24
IONQ −539.7%
NTAP 19.4%
FY25
IONQ −487.4%
NTAP 20.3%
FY26
IONQ —
NTAP 24.2%
IONQ
NTAP
FY17
IONQ —
NTAP $811M
FY18
IONQ —
NTAP $1.3B
FY19
IONQ —
NTAP $1.2B
FY20
IONQ −$22.0M
NTAP $936M
FY21
IONQ −$34.3M
NTAP $1.2B
FY22
IONQ −$54.0M
NTAP $985M
FY23
IONQ −$92.5M
NTAP $868M
FY24
IONQ −$124M
NTAP $1.5B
FY25
IONQ −$300M
NTAP $1.3B
FY26
IONQ —
NTAP $1.9B
IONQ
NTAP
FY17
IONQ —
NTAP —
FY18
IONQ —
NTAP —
FY19
IONQ —
NTAP —
FY20
IONQ —
NTAP —
FY21
IONQ −70.8%
NTAP —
FY22
IONQ −48.2%
NTAP —
FY23
IONQ −72.9%
NTAP —
FY24
IONQ −212.2%
NTAP —
FY25
IONQ −68.3%
NTAP —
FY26
IONQ —
NTAP —
IONQ
NTAP
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.