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Side-by-side financial comparison of IonQ, Inc. (IONQ) and SANDRIDGE ENERGY INC (SD). Click either name above to swap in a different company.
IonQ, Inc. is the larger business by last-quarter revenue ($61.9M vs $39.4M, roughly 1.6× SANDRIDGE ENERGY INC). IonQ, Inc. runs the higher net margin — 1217.8% vs 54.9%, a 1162.8% gap on every dollar of revenue. On growth, IonQ, Inc. posted the faster year-over-year revenue change (428.5% vs 1.1%). SANDRIDGE ENERGY INC produced more free cash flow last quarter ($14.4M 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.
SandRidge Energy, Inc. is a company engaged in hydrocarbon exploration in the Mid-Continent region of the United States. It is organized in Delaware and headquartered in Oklahoma City, Oklahoma.
IONQ vs SD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $61.9M | $39.4M |
| Net Profit | $753.7M | $21.6M |
| Gross Margin | — | — |
| Operating Margin | -369.4% | 38.5% |
| Net Margin | 1217.8% | 54.9% |
| Revenue YoY | 428.5% | 1.1% |
| Net Profit YoY | 473.1% | 23.1% |
| EPS (diluted) | $2.60 | $0.59 |
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 | $39.4M | ||
| Q3 25 | $39.9M | $39.8M | ||
| Q2 25 | $20.7M | $34.5M | ||
| Q1 25 | — | $42.6M | ||
| Q4 24 | $11.7M | $39.0M | ||
| Q3 24 | $12.4M | $30.1M | ||
| Q2 24 | $11.4M | $26.0M | ||
| Q1 24 | — | $30.3M |
| Q4 25 | $753.7M | $21.6M | ||
| Q3 25 | $-1.1B | $16.0M | ||
| Q2 25 | $-176.8M | $19.6M | ||
| Q1 25 | — | $13.0M | ||
| Q4 24 | $-202.0M | $17.6M | ||
| Q3 24 | $-52.5M | $25.5M | ||
| Q2 24 | $-37.6M | $8.8M | ||
| Q1 24 | — | $11.1M |
| Q4 25 | -369.4% | 38.5% | ||
| Q3 25 | -423.5% | 37.8% | ||
| Q2 25 | -776.0% | 53.7% | ||
| Q1 25 | — | 28.6% | ||
| Q4 24 | -661.9% | 25.9% | ||
| Q3 24 | -428.5% | 28.3% | ||
| Q2 24 | -430.0% | 23.9% | ||
| Q1 24 | — | 27.8% |
| Q4 25 | 1217.8% | 54.9% | ||
| Q3 25 | -2646.3% | 40.1% | ||
| Q2 25 | -854.5% | 56.6% | ||
| Q1 25 | — | 30.6% | ||
| Q4 24 | -1725.0% | 45.1% | ||
| Q3 24 | -423.4% | 84.8% | ||
| Q2 24 | -330.0% | 33.9% | ||
| Q1 24 | — | 36.7% |
| Q4 25 | $2.60 | $0.59 | ||
| Q3 25 | $-3.58 | $0.43 | ||
| Q2 25 | $-0.70 | $0.53 | ||
| Q1 25 | — | $0.35 | ||
| Q4 24 | $-0.95 | $0.46 | ||
| Q3 24 | $-0.24 | $0.69 | ||
| Q2 24 | $-0.18 | $0.24 | ||
| Q1 24 | — | $0.30 |
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 | $111.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.8B | $510.9M |
| Total Assets | $6.6B | $644.0M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.4B | $111.0M | ||
| Q3 25 | $1.1B | $101.2M | ||
| Q2 25 | $546.9M | $102.8M | ||
| Q1 25 | — | $99.7M | ||
| Q4 24 | $340.3M | $98.1M | ||
| Q3 24 | $365.7M | $92.7M | ||
| Q2 24 | $369.8M | $209.9M | ||
| Q1 24 | — | $207.0M |
| Q4 25 | $3.8B | $510.9M | ||
| Q3 25 | $2.3B | $492.4M | ||
| Q2 25 | $1.2B | $480.2M | ||
| Q1 25 | — | $464.9M | ||
| Q4 24 | $383.9M | $460.5M | ||
| Q3 24 | $435.7M | $446.8M | ||
| Q2 24 | $463.3M | $424.8M | ||
| Q1 24 | — | $419.7M |
| Q4 25 | $6.6B | $644.0M | ||
| Q3 25 | $4.3B | $619.0M | ||
| Q2 25 | $1.3B | $602.3M | ||
| Q1 25 | — | $588.3M | ||
| Q4 24 | $508.4M | $581.5M | ||
| Q3 24 | $497.9M | $565.2M | ||
| Q2 24 | $517.4M | $529.6M | ||
| Q1 24 | — | $527.4M |
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 | $31.7M |
| Free Cash FlowOCF − Capex | $-83.3M | $14.4M |
| FCF MarginFCF / Revenue | -134.6% | 36.6% |
| Capex IntensityCapex / Revenue | 14.2% | 43.8% |
| Cash ConversionOCF / Net Profit | -0.10× | 1.46× |
| TTM Free Cash FlowTrailing 4 quarters | $-307.3M | $41.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-74.5M | $31.7M | ||
| Q3 25 | $-123.1M | $25.3M | ||
| Q2 25 | $-52.6M | $22.9M | ||
| Q1 25 | — | $20.3M | ||
| Q4 24 | $-39.4M | $26.0M | ||
| Q3 24 | $-19.2M | $20.8M | ||
| Q2 24 | $-26.6M | $11.4M | ||
| Q1 24 | — | $15.7M |
| Q4 25 | $-83.3M | $14.4M | ||
| Q3 25 | $-127.2M | $5.9M | ||
| Q2 25 | $-53.8M | $7.3M | ||
| Q1 25 | — | $13.9M | ||
| Q4 24 | $-43.0M | $13.2M | ||
| Q3 24 | $-23.0M | $10.8M | ||
| Q2 24 | $-34.1M | $9.0M | ||
| Q1 24 | — | $14.6M |
| Q4 25 | -134.6% | 36.6% | ||
| Q3 25 | -319.1% | 14.9% | ||
| Q2 25 | -259.8% | 21.0% | ||
| Q1 25 | — | 32.7% | ||
| Q4 24 | -367.4% | 33.8% | ||
| Q3 24 | -185.3% | 36.1% | ||
| Q2 24 | -299.3% | 34.5% | ||
| Q1 24 | — | 48.1% |
| Q4 25 | 14.2% | 43.8% | ||
| Q3 25 | 10.4% | 48.6% | ||
| Q2 25 | 5.8% | 45.2% | ||
| Q1 25 | — | 15.0% | ||
| Q4 24 | 30.7% | 32.9% | ||
| Q3 24 | 30.4% | 33.3% | ||
| Q2 24 | 65.8% | 9.4% | ||
| Q1 24 | — | 3.7% |
| Q4 25 | -0.10× | 1.46× | ||
| Q3 25 | — | 1.58× | ||
| Q2 25 | — | 1.17× | ||
| Q1 25 | — | 1.56× | ||
| Q4 24 | — | 1.48× | ||
| Q3 24 | — | 0.82× | ||
| Q2 24 | — | 1.30× | ||
| Q1 24 | — | 1.41× |
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% |
SD
| Oil Reserves | $19.0M | 48% |
| Natural Gas Reserves | $11.6M | 30% |
| Natural Gas Liquids Reserves | $8.7M | 22% |
