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IonQ, Inc.（IONQ）与勤达睿（KD）财务数据对比。点击上方公司名可切换其他公司
勤达睿的季度营收约是IonQ, Inc.的62.4倍（$3.9B vs $61.9M）。IonQ, Inc.净利率更高（1217.8% vs 1.5%，领先1216.3%）。IonQ, Inc.同比增速更快（428.5% vs 3.1%）。勤达睿自由现金流更多（$208.0M vs $-83.3M）。过去两年IonQ, Inc.的营收复合增速更高（185.7% vs 0.1%）
IonQ是总部位于美国马里兰州科利奇帕克的量子计算软硬件企业，专注研发通用型离子阱量子计算机及配套软件，可实现量子线路的生成、优化与执行，为多领域量子计算落地应用提供核心技术支持。
勤达睿是总部位于美国纽约的跨国IT基础设施服务提供商，2021年由IBM的基础设施服务业务分拆独立成立。公司业务涵盖大型信息系统的设计、搭建、运维与开发，同时提供商业咨询服务，是目前全球最大的IT基础设施服务提供商、全球第五大咨询服务提供商。
IONQ vs KD — 直观对比
营收规模更大
KD
是对方的62.4倍
$61.9M
营收增速更快
IONQ
高出425.5%
3.1%
净利率更高
IONQ
高出1216.3%
1.5%
自由现金流更多
KD
多$291.3M
$-83.3M
两年增速更快
IONQ
近两年复合增速
0.1%
损益表 — Q4 2025 vs Q3 2026
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $3.9B |
| 净利润 | $753.7M | $57.0M |
| 毛利率 | — | 21.8% |
| 营业利润率 | -369.4% | 2.4% |
| 净利率 | 1217.8% | 1.5% |
| 营收同比 | 428.5% | 3.1% |
| 净利润同比 | 473.1% | -73.5% |
| 每股收益（稀释后） | $2.60 | $0.25 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收IONQKD
| Q4 25 | $61.9M | $3.9B | ||
| Q3 25 | $39.9M | $3.7B | ||
| Q2 25 | $20.7M | $3.7B | ||
| Q1 25 | $7.6M | $3.8B | ||
| Q4 24 | $11.7M | $3.7B | ||
| Q3 24 | $12.4M | $3.8B | ||
| Q2 24 | $11.4M | $3.7B | ||
| Q1 24 | $7.6M | $3.9B |
净利润IONQKD
| Q4 25 | $753.7M | $57.0M | ||
| Q3 25 | $-1.1B | $68.0M | ||
| Q2 25 | $-176.8M | $56.0M | ||
| Q1 25 | $-32.3M | $69.0M | ||
| Q4 24 | $-202.0M | $215.0M | ||
| Q3 24 | $-52.5M | $-43.0M | ||
| Q2 24 | $-37.6M | $11.0M | ||
| Q1 24 | $-39.6M | $-45.0M |
毛利率IONQKD
| Q4 25 | — | 21.8% | ||
| Q3 25 | — | 21.5% | ||
| Q2 25 | — | 21.3% | ||
| Q1 25 | — | 21.7% | ||
| Q4 24 | — | 20.4% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.5% | ||
| Q1 24 | — | 18.6% |
营业利润率IONQKD
| Q4 25 | -369.4% | 2.4% | ||
| Q3 25 | -423.5% | 2.6% | ||
| Q2 25 | -776.0% | 2.5% | ||
| Q1 25 | -1000.3% | 3.1% | ||
| Q4 24 | -661.9% | 6.9% | ||
| Q3 24 | -428.5% | -0.1% | ||
| Q2 24 | -430.0% | 1.7% | ||
| Q1 24 | -697.4% | -0.1% |
净利率IONQKD
| Q4 25 | 1217.8% | 1.5% | ||
| Q3 25 | -2646.3% | 1.8% | ||
| Q2 25 | -854.5% | 1.5% | ||
| Q1 25 | -426.3% | 1.8% | ||
| Q4 24 | -1725.0% | 5.7% | ||
| Q3 24 | -423.4% | -1.1% | ||
| Q2 24 | -330.0% | 0.3% | ||
| Q1 24 | -522.2% | -1.2% |
每股收益（稀释后）IONQKD
| Q4 25 | $2.60 | $0.25 | ||
| Q3 25 | $-3.58 | $0.29 | ||
| Q2 25 | $-0.70 | $0.23 | ||
| Q1 25 | $-0.14 | $0.30 | ||
| Q4 24 | $-0.95 | $0.89 | ||
| Q3 24 | $-0.24 | $-0.19 | ||
| Q2 24 | $-0.18 | $0.05 | ||
| Q1 24 | $-0.19 | $-0.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $2.4B | $1.3B |
| 总债务越低越好 | — | $2.3B |
| 股东权益账面价值 | $3.8B | $1.2B |
| 总资产 | $6.6B | $11.3B |
| 负债/权益比越低杠杆越低 | — | 1.92× |
8季度趋势，按日历期对齐
现金及短期投资IONQKD
| Q4 25 | $2.4B | $1.3B | ||
| Q3 25 | $1.1B | $1.3B | ||
| Q2 25 | $546.9M | $1.5B | ||
| Q1 25 | $588.3M | $1.8B | ||
| Q4 24 | $340.3M | $1.5B | ||
| Q3 24 | $365.7M | $1.3B | ||
| Q2 24 | $369.8M | $1.3B | ||
| Q1 24 | $375.4M | $1.6B |
总债务IONQKD
| Q4 25 | — | $2.3B | ||
| Q3 25 | — | $3.0B | ||
| Q2 25 | — | $3.0B | ||
| Q1 25 | — | $3.0B | ||
| Q4 24 | — | $3.1B | ||
| Q3 24 | — | $3.1B | ||
| Q2 24 | — | $3.1B | ||
| Q1 24 | — | $3.1B |
股东权益IONQKD
| Q4 25 | $3.8B | $1.2B | ||
| Q3 25 | $2.3B | $1.2B | ||
| Q2 25 | $1.2B | $1.2B | ||
| Q1 25 | $765.0M | $1.2B | ||
| Q4 24 | $383.9M | $1.1B | ||
| Q3 24 | $435.7M | $1.1B | ||
| Q2 24 | $463.3M | $996.0M | ||
| Q1 24 | $479.8M | $1.0B |
总资产IONQKD
| Q4 25 | $6.6B | $11.3B | ||
| Q3 25 | $4.3B | $11.2B | ||
| Q2 25 | $1.3B | $11.5B | ||
| Q1 25 | $850.1M | $10.5B | ||
| Q4 24 | $508.4M | $9.9B | ||
| Q3 24 | $497.9M | $10.4B | ||
| Q2 24 | $517.4M | $10.2B | ||
| Q1 24 | $543.9M | $10.6B |
负债/权益比IONQKD
| Q4 25 | — | 1.92× | ||
| Q3 25 | — | 2.45× | ||
| Q2 25 | — | 2.44× | ||
| Q1 25 | — | 2.50× | ||
| Q4 24 | — | 2.81× | ||
| Q3 24 | — | 2.92× | ||
| Q2 24 | — | 3.12× | ||
| Q1 24 | — | 3.07× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $-74.5M | $428.0M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $208.0M |
| 自由现金流率自由现金流/营收 | -134.6% | 5.4% |
| 资本支出强度资本支出/营收 | 14.2% | 5.7% |
| 现金转化率经营现金流/净利润 | -0.10× | 7.51× |
| 过去12个月自由现金流最近4个季度 | $-299.6M | $299.0M |
8季度趋势，按日历期对齐
经营现金流IONQKD
| Q4 25 | $-74.5M | $428.0M | ||
| Q3 25 | $-123.1M | $146.0M | ||
| Q2 25 | $-52.6M | $-124.0M | ||
| Q1 25 | $-33.0M | $581.0M | ||
| Q4 24 | $-39.4M | $260.0M | ||
| Q3 24 | $-19.2M | $149.0M | ||
| Q2 24 | $-26.6M | $-48.0M | ||
| Q1 24 | $-20.5M | $145.0M |
自由现金流IONQKD
| Q4 25 | $-83.3M | $208.0M | ||
| Q3 25 | $-127.2M | $17.0M | ||
| Q2 25 | $-53.8M | $-267.0M | ||
| Q1 25 | $-35.3M | $341.0M | ||
| Q4 24 | $-43.0M | $151.0M | ||
| Q3 24 | $-23.0M | $15.0M | ||
| Q2 24 | $-34.1M | $-170.0M | ||
| Q1 24 | $-23.6M | $-57.0M |
自由现金流率IONQKD
| Q4 25 | -134.6% | 5.4% | ||
| Q3 25 | -319.1% | 0.5% | ||
| Q2 25 | -259.8% | -7.1% | ||
| Q1 25 | -467.0% | 9.0% | ||
| Q4 24 | -367.4% | 4.0% | ||
| Q3 24 | -185.3% | 0.4% | ||
| Q2 24 | -299.3% | -4.5% | ||
| Q1 24 | -311.3% | -1.5% |
资本支出强度IONQKD
| Q4 25 | 14.2% | 5.7% | ||
| Q3 25 | 10.4% | 3.5% | ||
| Q2 25 | 5.8% | 3.8% | ||
| Q1 25 | 30.5% | 6.3% | ||
| Q4 24 | 30.7% | 2.9% | ||
| Q3 24 | 30.4% | 3.6% | ||
| Q2 24 | 65.8% | 3.3% | ||
| Q1 24 | 41.4% | 5.2% |
现金转化率IONQKD
| Q4 25 | -0.10× | 7.51× | ||
| Q3 25 | — | 2.15× | ||
| Q2 25 | — | -2.21× | ||
| Q1 25 | — | 8.42× | ||
| Q4 24 | — | 1.21× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -4.36× | ||
| Q1 24 | — | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
IONQ
暂无分部数据
KD
| Principal Markets Segment | $1.4B | 37% |
| United States Segment | $958.0M | 25% |
| Strategic Markets Segment | $905.0M | 23% |
| Other | $568.0M | 15% |
