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IonQ IONQ Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin195.5%-19.8pp215.3%-65.0pp280.3%-2.2pp282.5%+601pp
Operating margin-2,385.3%+69.8pp-2,455.2%+283pp-2,737.7%+1,019pp-3,756.7%
Returns
Return on invested capital-179.4%+6.7pp-186.1%-88.8pp-97.3%
Efficiency
Asset turnover0.2×-0.1×0.3×+0.1×0.1×+0.1×0.1×
Liquidity
Current ratio45.2×-2.5×47.7×-12.8×60.5×-46.4×106.9×-2.2×
Leverage
Debt-to-equity0.1×-0.1×0.2×+0.1×0.1×0.0×
Per Share
Book value per share$29.24+251%$8.33-18.4%$10.20-13.5%$11.79+21.5%
Valuation
Market capitalization$51.73B+258%$14.46B+51.2%$9.56B+88.1%$5.08B-46.0%
Price / sales697.7×+309×389×-140×528.8×-421×949.9×-31,064×
Price / book29×-6.3×35.3×+16.5×18.8×+10.1×8.7×-89.4×

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Questions, answered.

What are IonQ's profit margins?
IonQ (IONQ) runs a 34.6% gross margin and a -443.3% operating margin, with a -1836.3% net margin.
Where do IonQ's ratios come from?
Every ratio is computed from IonQ's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.