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Side-by-side financial comparison of IonQ, Inc. (IONQ) and MEDALLION FINANCIAL CORP (MFIN). Click either name above to swap in a different company.
MEDALLION FINANCIAL CORP is the larger business by last-quarter revenue ($70.6M vs $61.9M, roughly 1.1× IonQ, Inc.). IonQ, Inc. runs the higher net margin — 1217.8% vs 17.3%, a 1200.5% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 25.4%).
IonQ, Inc. is an American quantum computing hardware and software company headquartered in College Park, Maryland. The company develops general-purpose trapped ion quantum computers and accompanying software to generate, optimize, and execute quantum circuits.
Mahindra & Mahindra Financial Services Limited (MMFSL) is an Indian rural non-banking financial company headquartered in Mumbai. It is amongst the top tractor financers in India, with 1000+ offices across the country.
IONQ vs MFIN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $70.6M |
| Net Profit | $753.7M | $12.2M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | 29.3% |
| Net Margin | 1217.8% | 17.3% |
| Revenue YoY | 428.5% | 25.4% |
| Net Profit YoY | 473.1% | 20.3% |
| EPS (diluted) | $2.60 | $0.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $61.9M | $70.6M | ||
| Q3 25 | $39.9M | $58.7M | ||
| Q2 25 | $20.7M | $62.6M | ||
| Q1 25 | — | $63.0M | ||
| Q4 24 | $11.7M | $56.3M | ||
| Q3 24 | $12.4M | $53.3M | ||
| Q2 24 | $11.4M | $51.0M | ||
| Q1 24 | — | $53.3M |
| Q4 25 | $753.7M | $12.2M | ||
| Q3 25 | $-1.1B | $7.8M | ||
| Q2 25 | $-176.8M | $11.1M | ||
| Q1 25 | — | $12.0M | ||
| Q4 24 | $-202.0M | $10.1M | ||
| Q3 24 | $-52.5M | $8.6M | ||
| Q2 24 | $-37.6M | $7.1M | ||
| Q1 24 | — | $10.0M |
| Q4 25 | -369.4% | 29.3% | ||
| Q3 25 | -423.5% | 33.2% | ||
| Q2 25 | -776.0% | 31.1% | ||
| Q1 25 | — | 32.1% | ||
| Q4 24 | -661.9% | 32.8% | ||
| Q3 24 | -428.5% | 26.6% | ||
| Q2 24 | -430.0% | 24.3% | ||
| Q1 24 | — | 33.6% |
| Q4 25 | 1217.8% | 17.3% | ||
| Q3 25 | -2646.3% | 13.2% | ||
| Q2 25 | -854.5% | 17.7% | ||
| Q1 25 | — | 19.1% | ||
| Q4 24 | -1725.0% | 18.0% | ||
| Q3 24 | -423.4% | 16.1% | ||
| Q2 24 | -330.0% | 13.9% | ||
| Q1 24 | — | 18.8% |
| Q4 25 | $2.60 | $0.50 | ||
| Q3 25 | $-3.58 | $0.32 | ||
| Q2 25 | $-0.70 | $0.46 | ||
| Q1 25 | — | $0.50 | ||
| Q4 24 | $-0.95 | $0.43 | ||
| Q3 24 | $-0.24 | $0.37 | ||
| Q2 24 | $-0.18 | $0.30 | ||
| Q1 24 | — | $0.42 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $2.4B | $136.3M |
| Total DebtLower is stronger | — | $216.0M |
| Stockholders' EquityBook value | $3.8B | $408.6M |
| Total Assets | $6.6B | $3.0B |
| Debt / EquityLower = less leverage | — | 0.53× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $136.3M | ||
| Q3 25 | $1.1B | $72.5M | ||
| Q2 25 | $546.9M | $110.4M | ||
| Q1 25 | — | $131.5M | ||
| Q4 24 | $340.3M | $98.2M | ||
| Q3 24 | $365.7M | $120.6M | ||
| Q2 24 | $369.8M | $87.7M | ||
| Q1 24 | — | $54.8M |
| Q4 25 | — | $216.0M | ||
| Q3 25 | — | $215.7M | ||
| Q2 25 | — | $199.9M | ||
| Q1 25 | — | $199.7M | ||
| Q4 24 | — | $232.2M | ||
| Q3 24 | — | $232.0M | ||
| Q2 24 | — | $230.8M | ||
| Q1 24 | — | $225.6M |
| Q4 25 | $3.8B | $408.6M | ||
| Q3 25 | $2.3B | $397.4M | ||
| Q2 25 | $1.2B | $389.9M | ||
| Q1 25 | — | $380.2M | ||
| Q4 24 | $383.9M | $370.2M | ||
| Q3 24 | $435.7M | $362.4M | ||
| Q2 24 | $463.3M | $354.0M | ||
| Q1 24 | — | $349.0M |
| Q4 25 | $6.6B | $3.0B | ||
| Q3 25 | $4.3B | $2.9B | ||
| Q2 25 | $1.3B | $2.9B | ||
| Q1 25 | — | $2.8B | ||
| Q4 24 | $508.4M | $2.9B | ||
| Q3 24 | $497.9M | $2.9B | ||
| Q2 24 | $517.4M | $2.8B | ||
| Q1 24 | — | $2.6B |
| Q4 25 | — | 0.53× | ||
| Q3 25 | — | 0.54× | ||
| Q2 25 | — | 0.51× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 0.64× | ||
| Q2 24 | — | 0.65× | ||
| Q1 24 | — | 0.65× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-74.5M | $126.3M |
| Free Cash FlowOCF − Capex | $-83.3M | — |
| FCF MarginFCF / Revenue | -134.6% | — |
| Capex IntensityCapex / Revenue | 14.2% | — |
| Cash ConversionOCF / Net Profit | -0.10× | 10.35× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $126.3M | ||
| Q3 25 | $-123.1M | $67.0M | ||
| Q2 25 | $-52.6M | $-10.7M | ||
| Q1 25 | — | $36.3M | ||
| Q4 24 | $-39.4M | $108.7M | ||
| Q3 24 | $-19.2M | $24.6M | ||
| Q2 24 | $-26.6M | $27.6M | ||
| Q1 24 | — | $32.3M |
| Q4 25 | $-83.3M | — | ||
| Q3 25 | $-127.2M | — | ||
| Q2 25 | $-53.8M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $-43.0M | — | ||
| Q3 24 | $-23.0M | — | ||
| Q2 24 | $-34.1M | — | ||
| Q1 24 | — | — |
| Q4 25 | -134.6% | — | ||
| Q3 25 | -319.1% | — | ||
| Q2 25 | -259.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -367.4% | — | ||
| Q3 24 | -185.3% | — | ||
| Q2 24 | -299.3% | — | ||
| Q1 24 | — | — |
| Q4 25 | 14.2% | — | ||
| Q3 25 | 10.4% | — | ||
| Q2 25 | 5.8% | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 30.7% | — | ||
| Q3 24 | 30.4% | — | ||
| Q2 24 | 65.8% | — | ||
| Q1 24 | — | — |
| Q4 25 | -0.10× | 10.35× | ||
| Q3 25 | — | 8.63× | ||
| Q2 25 | — | -0.97× | ||
| Q1 25 | — | 3.02× | ||
| Q4 24 | — | 10.72× | ||
| Q3 24 | — | 2.86× | ||
| Q2 24 | — | 3.89× | ||
| Q1 24 | — | 3.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
IONQ
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
MFIN
Segment breakdown not available.
