vs
Side-by-side financial comparison of IonQ, Inc. (IONQ) and NPK International Inc. (NPKI). Click either name above to swap in a different company.
NPK International Inc. is the larger business by last-quarter revenue ($75.2M vs $61.9M, roughly 1.2× IonQ, Inc.). On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 30.7%). NPK International Inc. produced more free cash flow last quarter ($5.8M vs $-83.3M).
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.
IONQ vs NPKI — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $75.2M |
| Net Profit | $753.7M | — |
| Gross Margin | — | 37.7% |
| Operating Margin | -369.4% | 16.7% |
| Net Margin | 1217.8% | — |
| Revenue YoY | 428.5% | 30.7% |
| Net Profit YoY | 473.1% | — |
| EPS (diluted) | $2.60 | $0.17 |
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 | $75.2M | ||
| Q3 25 | $39.9M | $68.8M | ||
| Q2 25 | $20.7M | $68.2M | ||
| Q1 25 | — | $64.8M | ||
| Q4 24 | $11.7M | $57.5M | ||
| Q3 24 | $12.4M | $44.2M | ||
| Q2 24 | $11.4M | $66.8M | ||
| Q1 24 | — | $49.0M |
| Q4 25 | $753.7M | — | ||
| Q3 25 | $-1.1B | $5.7M | ||
| Q2 25 | $-176.8M | $8.7M | ||
| Q1 25 | — | $10.0M | ||
| Q4 24 | $-202.0M | — | ||
| Q3 24 | $-52.5M | $-174.3M | ||
| Q2 24 | $-37.6M | $8.0M | ||
| Q1 24 | — | $7.3M |
| Q4 25 | — | 37.7% | ||
| Q3 25 | — | 31.9% | ||
| Q2 25 | — | 36.9% | ||
| Q1 25 | — | 39.0% | ||
| Q4 24 | — | 39.2% | ||
| Q3 24 | — | 27.5% | ||
| Q2 24 | — | 37.2% | ||
| Q1 24 | — | 36.0% |
| Q4 25 | -369.4% | 16.7% | ||
| Q3 25 | -423.5% | 13.2% | ||
| Q2 25 | -776.0% | 17.0% | ||
| Q1 25 | — | 20.9% | ||
| Q4 24 | -661.9% | 20.2% | ||
| Q3 24 | -428.5% | 2.8% | ||
| Q2 24 | -430.0% | 18.7% | ||
| Q1 24 | — | 14.2% |
| Q4 25 | 1217.8% | — | ||
| Q3 25 | -2646.3% | 8.2% | ||
| Q2 25 | -854.5% | 12.7% | ||
| Q1 25 | — | 15.4% | ||
| Q4 24 | -1725.0% | — | ||
| Q3 24 | -423.4% | -394.3% | ||
| Q2 24 | -330.0% | 12.0% | ||
| Q1 24 | — | 14.9% |
| Q4 25 | $2.60 | $0.17 | ||
| Q3 25 | $-3.58 | $0.07 | ||
| Q2 25 | $-0.70 | $0.10 | ||
| Q1 25 | — | $0.11 | ||
| Q4 24 | $-0.95 | $0.10 | ||
| Q3 24 | $-0.24 | $-1.99 | ||
| Q2 24 | $-0.18 | $0.09 | ||
| Q1 24 | — | $0.08 |
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 | $5.1M |
| Total DebtLower is stronger | — | $16.9M |
| Stockholders' EquityBook value | $3.8B | $351.2M |
| Total Assets | $6.6B | $441.8M |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $5.1M | ||
| Q3 25 | $1.1B | $35.6M | ||
| Q2 25 | $546.9M | $26.0M | ||
| Q1 25 | — | $20.8M | ||
| Q4 24 | $340.3M | $17.8M | ||
| Q3 24 | $365.7M | $42.9M | ||
| Q2 24 | $369.8M | $35.1M | ||
| Q1 24 | — | $37.7M |
| Q4 25 | — | $16.9M | ||
| Q3 25 | — | $9.5M | ||
| Q2 25 | — | $9.3M | ||
| Q1 25 | — | $8.1M | ||
| Q4 24 | — | $7.7M | ||
| Q3 24 | — | $14.0M | ||
| Q2 24 | — | $58.0M | ||
| Q1 24 | — | $77.4M |
| Q4 25 | $3.8B | $351.2M | ||
| Q3 25 | $2.3B | $333.9M | ||
| Q2 25 | $1.2B | $328.8M | ||
| Q1 25 | — | $326.9M | ||
| Q4 24 | $383.9M | $326.5M | ||
| Q3 24 | $435.7M | $316.5M | ||
| Q2 24 | $463.3M | $426.6M | ||
| Q1 24 | — | $421.6M |
| Q4 25 | $6.6B | $441.8M | ||
| Q3 25 | $4.3B | $404.5M | ||
| Q2 25 | $1.3B | $393.7M | ||
| Q1 25 | — | $390.0M | ||
| Q4 24 | $508.4M | $393.7M | ||
| Q3 24 | $497.9M | $389.6M | ||
| Q2 24 | $517.4M | $624.8M | ||
| Q1 24 | — | $640.8M |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.03× | ||
| Q2 25 | — | 0.03× | ||
| Q1 25 | — | 0.02× | ||
| Q4 24 | — | 0.02× | ||
| Q3 24 | — | 0.04× | ||
| Q2 24 | — | 0.14× | ||
| Q1 24 | — | 0.18× |
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 | $18.0M |
| Free Cash FlowOCF − Capex | $-83.3M | $5.8M |
| FCF MarginFCF / Revenue | -134.6% | 7.6% |
| Capex IntensityCapex / Revenue | 14.2% | 16.3% |
| Cash ConversionOCF / Net Profit | -0.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $26.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $18.0M | ||
| Q3 25 | $-123.1M | $24.7M | ||
| Q2 25 | $-52.6M | $21.4M | ||
| Q1 25 | — | $8.8M | ||
| Q4 24 | $-39.4M | $-4.1M | ||
| Q3 24 | $-19.2M | $2.8M | ||
| Q2 24 | $-26.6M | $27.6M | ||
| Q1 24 | — | $11.9M |
| Q4 25 | $-83.3M | $5.8M | ||
| Q3 25 | $-127.2M | $12.0M | ||
| Q2 25 | $-53.8M | $9.7M | ||
| Q1 25 | — | $-1.2M | ||
| Q4 24 | $-43.0M | $-17.7M | ||
| Q3 24 | $-23.0M | $-6.7M | ||
| Q2 24 | $-34.1M | $21.0M | ||
| Q1 24 | — | $-1.9M |
| Q4 25 | -134.6% | 7.6% | ||
| Q3 25 | -319.1% | 17.4% | ||
| Q2 25 | -259.8% | 14.3% | ||
| Q1 25 | — | -1.8% | ||
| Q4 24 | -367.4% | -30.8% | ||
| Q3 24 | -185.3% | -15.2% | ||
| Q2 24 | -299.3% | 31.4% | ||
| Q1 24 | — | -3.9% |
| Q4 25 | 14.2% | 16.3% | ||
| Q3 25 | 10.4% | 18.5% | ||
| Q2 25 | 5.8% | 17.1% | ||
| Q1 25 | — | 15.5% | ||
| Q4 24 | 30.7% | 23.6% | ||
| Q3 24 | 30.4% | 21.4% | ||
| Q2 24 | 65.8% | 9.9% | ||
| Q1 24 | — | 28.3% |
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | 4.37× | ||
| Q2 25 | — | 2.47× | ||
| Q1 25 | — | 0.88× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.43× | ||
| Q1 24 | — | 1.64× |
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% |
NPKI
| Rental Revenue | $34.8M | 46% |
| Products | $25.5M | 34% |
| Services | $14.9M | 20% |
