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IonQ, Inc.（IONQ）与Ranpak Holdings Corp.（PACK）财务数据对比。点击上方公司名可切换其他公司
Ranpak Holdings Corp.的季度营收约是IonQ, Inc.的1.5倍（$93.7M vs $61.9M），IonQ, Inc.同比增速更快（428.5% vs 2.3%）
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。
Ranpak Holdings Corp.主营生产防护纸质包装设备与纸制品，可为电商及各行业货品运输提供纸质缓冲包装方案，同时也供应自动化包装解决方案。公司总部位于美国俄亥俄州康科德，在美国本土多个州、捷克、荷兰、中国上海及新加坡均设有生产基地与办公室，产品可用于包裹缠绕、缓冲填隙、冷链运输等多种场景。
IONQ vs PACK — 直观对比
营收规模更大
PACK
是对方的1.5倍
$61.9M
营收增速更快
IONQ
高出426.2%
2.3%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $93.7M |
| 净利润 | $753.7M | — |
| 毛利率 | — | 39.0% |
| 营业利润率 | -369.4% | -1.0% |
| 净利率 | 1217.8% | — |
| 营收同比 | 428.5% | 2.3% |
| 净利润同比 | 473.1% | — |
| 每股收益（稀释后） | $2.60 | $-0.11 |
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IONQPACK
| Q4 25 | $61.9M | $93.7M | ||
| Q3 25 | $39.9M | $83.6M | ||
| Q2 25 | $20.7M | $77.8M | ||
| Q1 25 | — | $77.6M | ||
| Q4 24 | $11.7M | $91.6M | ||
| Q3 24 | $12.4M | $78.6M | ||
| Q2 24 | $11.4M | $72.8M | ||
| Q1 24 | — | $72.5M |
净利润IONQPACK
| Q4 25 | $753.7M | — | ||
| Q3 25 | $-1.1B | $-10.4M | ||
| Q2 25 | $-176.8M | $-7.5M | ||
| Q1 25 | — | $-10.9M | ||
| Q4 24 | $-202.0M | — | ||
| Q3 24 | $-52.5M | $-8.1M | ||
| Q2 24 | $-37.6M | $5.5M | ||
| Q1 24 | — | $-8.1M |
毛利率IONQPACK
| Q4 25 | — | 39.0% | ||
| Q3 25 | — | 41.1% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 39.8% | ||
| Q4 24 | — | 45.2% | ||
| Q3 24 | — | 43.8% | ||
| Q2 24 | — | 43.5% | ||
| Q1 24 | — | 44.6% |
营业利润率IONQPACK
| Q4 25 | -369.4% | -1.0% | ||
| Q3 25 | -423.5% | -6.8% | ||
| Q2 25 | -776.0% | -12.5% | ||
| Q1 25 | — | -10.3% | ||
| Q4 24 | -661.9% | 1.5% | ||
| Q3 24 | -428.5% | -5.3% | ||
| Q2 24 | -430.0% | -7.1% | ||
| Q1 24 | — | -6.6% |
净利率IONQPACK
| Q4 25 | 1217.8% | — | ||
| Q3 25 | -2646.3% | -12.4% | ||
| Q2 25 | -854.5% | -9.6% | ||
| Q1 25 | — | -14.0% | ||
| Q4 24 | -1725.0% | — | ||
| Q3 24 | -423.4% | -10.3% | ||
| Q2 24 | -330.0% | 7.6% | ||
| Q1 24 | — | -11.2% |
每股收益（稀释后）IONQPACK
| Q4 25 | $2.60 | $-0.11 | ||
| Q3 25 | $-3.58 | $-0.12 | ||
| Q2 25 | $-0.70 | $-0.09 | ||
| Q1 25 | — | $-0.13 | ||
| Q4 24 | $-0.95 | $-0.13 | ||
| Q3 24 | $-0.24 | $-0.10 | ||
| Q2 24 | $-0.18 | $0.07 | ||
| Q1 24 | — | $-0.10 |
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 | $63.0M |
| 总债务越低越好 | — | $401.9M |
| 股东权益账面价值 | $3.8B | $534.9M |
| 总资产 | $6.6B | $1.1B |
| 负债/权益比越低杠杆越低 | — | 0.75× |
8季度趋势，按日历期对齐
现金及短期投资IONQPACK
| Q4 25 | $2.4B | $63.0M | ||
| Q3 25 | $1.1B | $49.9M | ||
| Q2 25 | $546.9M | $49.2M | ||
| Q1 25 | — | $65.5M | ||
| Q4 24 | $340.3M | $76.1M | ||
| Q3 24 | $365.7M | $69.5M | ||
| Q2 24 | $369.8M | $65.1M | ||
| Q1 24 | — | $55.1M |
总债务IONQPACK
| Q4 25 | — | $401.9M | ||
| Q3 25 | — | $403.1M | ||
| Q2 25 | — | $403.1M | ||
| Q1 25 | — | $405.2M | ||
| Q4 24 | — | $406.4M | ||
| Q3 24 | — | $403.2M | ||
| Q2 24 | — | $396.1M | ||
| Q1 24 | — | $396.7M |
股东权益IONQPACK
| Q4 25 | $3.8B | $534.9M | ||
| Q3 25 | $2.3B | $537.8M | ||
| Q2 25 | $1.2B | $539.0M | ||
| Q1 25 | — | $544.1M | ||
| Q4 24 | $383.9M | $548.1M | ||
| Q3 24 | $435.7M | $564.3M | ||
| Q2 24 | $463.3M | $566.2M | ||
| Q1 24 | — | $560.0M |
总资产IONQPACK
| Q4 25 | $6.6B | $1.1B | ||
| Q3 25 | $4.3B | $1.1B | ||
| Q2 25 | $1.3B | $1.1B | ||
| Q1 25 | — | $1.1B | ||
| Q4 24 | $508.4M | $1.1B | ||
| Q3 24 | $497.9M | $1.1B | ||
| Q2 24 | $517.4M | $1.1B | ||
| Q1 24 | — | $1.1B |
负债/权益比IONQPACK
| Q4 25 | — | 0.75× | ||
| Q3 25 | — | 0.75× | ||
| Q2 25 | — | 0.75× | ||
| Q1 25 | — | 0.74× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 0.71× | ||
| Q2 24 | — | 0.70× | ||
| Q1 24 | — | 0.71× |
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 | $19.5M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | — |
| 自由现金流率自由现金流/营收 | -134.6% | — |
| 资本支出强度资本支出/营收 | 14.2% | — |
| 现金转化率经营现金流/净利润 | -0.10× | — |
| 过去12个月自由现金流最近4个季度 | $-307.3M | — |
8季度趋势，按日历期对齐
经营现金流IONQPACK
| Q4 25 | $-74.5M | $19.5M | ||
| Q3 25 | $-123.1M | $8.5M | ||
| Q2 25 | $-52.6M | $-3.6M | ||
| Q1 25 | — | $-1.3M | ||
| Q4 24 | $-39.4M | $6.5M | ||
| Q3 24 | $-19.2M | $10.1M | ||
| Q2 24 | $-26.6M | $19.6M | ||
| Q1 24 | — | $5.2M |
自由现金流IONQPACK
| 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 | — | — |
自由现金流率IONQPACK
| 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 | — | — |
资本支出强度IONQPACK
| 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 | — | — |
现金转化率IONQPACK
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.56× | ||
| 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
| Other | $31.2M | 50% |
| Platform Consulting And Support Services | $30.7M | 50% |
PACK
| Other | $47.9M | 51% |
| Europe And Asia Segment | $45.8M | 49% |
