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IonQ, Inc.（IONQ）与帕森斯公司（PSN）财务数据对比。点击上方公司名可切换其他公司
帕森斯公司的季度营收约是IonQ, Inc.的25.9倍（$1.6B vs $61.9M）。IonQ, Inc.净利率更高（1217.8% vs 3.5%，领先1214.3%）。IonQ, Inc.同比增速更快（428.5% vs -7.5%）。帕森斯公司自由现金流更多（$135.6M vs $-83.3M）。过去两年IonQ, Inc.的营收复合增速更高（185.7% vs 2.2%）
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。
帕森斯公司是一家总部位于美国弗吉尼亚州尚蒂利的跨国企业，1944年成立，核心业务覆盖国防、情报、基础设施工程领域，深耕技术研发，在全球30多个国家为政府及私营部门客户提供专业解决方案。
IONQ vs PSN — 直观对比
营收规模更大
PSN
是对方的25.9倍
$61.9M
营收增速更快
IONQ
高出436.0%
-7.5%
净利率更高
IONQ
高出1214.3%
3.5%
自由现金流更多
PSN
多$218.9M
$-83.3M
两年增速更快
IONQ
近两年复合增速
2.2%
损益表 — Q4 2025 vs Q4 2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $1.6B |
| 净利润 | $753.7M | $55.6M |
| 毛利率 | — | 23.0% |
| 营业利润率 | -369.4% | 6.6% |
| 净利率 | 1217.8% | 3.5% |
| 营收同比 | 428.5% | -7.5% |
| 净利润同比 | 473.1% | -72.4% |
| 每股收益（稀释后） | $2.60 | $0.51 |
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IONQPSN
| Q4 25 | $61.9M | $1.6B | ||
| Q3 25 | $39.9M | $1.6B | ||
| Q2 25 | $20.7M | $1.6B | ||
| Q1 25 | $7.6M | $1.6B | ||
| Q4 24 | $11.7M | $1.7B | ||
| Q3 24 | $12.4M | $1.8B | ||
| Q2 24 | $11.4M | $1.7B | ||
| Q1 24 | $7.6M | $1.5B |
净利润IONQPSN
| Q4 25 | $753.7M | $55.6M | ||
| Q3 25 | $-1.1B | $64.1M | ||
| Q2 25 | $-176.8M | $55.2M | ||
| Q1 25 | $-32.3M | $66.2M | ||
| Q4 24 | $-202.0M | $201.3M | ||
| Q3 24 | $-52.5M | $72.0M | ||
| Q2 24 | $-37.6M | $69.2M | ||
| Q1 24 | $-39.6M | $-107.4M |
毛利率IONQPSN
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 22.2% | ||
| Q2 25 | — | 22.0% | ||
| Q1 25 | — | 22.8% | ||
| Q4 24 | — | 21.3% | ||
| Q3 24 | — | 19.9% | ||
| Q2 24 | — | 21.0% | ||
| Q1 24 | — | 21.2% |
营业利润率IONQPSN
| Q4 25 | -369.4% | 6.6% | ||
| Q3 25 | -423.5% | 6.7% | ||
| Q2 25 | -776.0% | 6.0% | ||
| Q1 25 | -1000.3% | 7.0% | ||
| Q4 24 | -661.9% | 5.8% | ||
| Q3 24 | -428.5% | 6.4% | ||
| Q2 24 | -430.0% | 6.7% | ||
| Q1 24 | -697.4% | 6.6% |
净利率IONQPSN
| Q4 25 | 1217.8% | 3.5% | ||
| Q3 25 | -2646.3% | 4.0% | ||
| Q2 25 | -854.5% | 3.5% | ||
| Q1 25 | -426.3% | 4.3% | ||
| Q4 24 | -1725.0% | 11.6% | ||
| Q3 24 | -423.4% | 4.0% | ||
| Q2 24 | -330.0% | 4.1% | ||
| Q1 24 | -522.2% | -7.0% |
每股收益（稀释后）IONQPSN
| Q4 25 | $2.60 | $0.51 | ||
| Q3 25 | $-3.58 | $0.59 | ||
| Q2 25 | $-0.70 | $0.50 | ||
| Q1 25 | $-0.14 | $0.60 | ||
| Q4 24 | $-0.95 | $1.85 | ||
| Q3 24 | $-0.24 | $0.65 | ||
| Q2 24 | $-0.18 | $0.63 | ||
| Q1 24 | $-0.19 | $-1.01 |
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 | $466.4M |
| 总债务越低越好 | — | $1.2B |
| 股东权益账面价值 | $3.8B | $2.6B |
| 总资产 | $6.6B | $5.8B |
| 负债/权益比越低杠杆越低 | — | 0.47× |
8季度趋势，按日历期对齐
现金及短期投资IONQPSN
| Q4 25 | $2.4B | $466.4M | ||
| Q3 25 | $1.1B | $422.6M | ||
| Q2 25 | $546.9M | $411.3M | ||
| Q1 25 | $588.3M | $269.7M | ||
| Q4 24 | $340.3M | $453.5M | ||
| Q3 24 | $365.7M | $558.8M | ||
| Q2 24 | $369.8M | $528.5M | ||
| Q1 24 | $375.4M | $423.1M |
总债务IONQPSN
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $1.2B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $785.2M | ||
| Q4 24 | — | $784.1M | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.2B | ||
| Q1 24 | — | $1.2B |
股东权益IONQPSN
| Q4 25 | $3.8B | $2.6B | ||
| Q3 25 | $2.3B | $2.6B | ||
| Q2 25 | $1.2B | $2.5B | ||
| Q1 25 | $765.0M | $2.5B | ||
| Q4 24 | $383.9M | $2.4B | ||
| Q3 24 | $435.7M | $2.3B | ||
| Q2 24 | $463.3M | $2.2B | ||
| Q1 24 | $479.8M | $2.1B |
总资产IONQPSN
| Q4 25 | $6.6B | $5.8B | ||
| Q3 25 | $4.3B | $5.7B | ||
| Q2 25 | $1.3B | $5.7B | ||
| Q1 25 | $850.1M | $5.4B | ||
| Q4 24 | $508.4M | $5.5B | ||
| Q3 24 | $497.9M | $5.4B | ||
| Q2 24 | $517.4M | $5.2B | ||
| Q1 24 | $543.9M | $5.1B |
负债/权益比IONQPSN
| Q4 25 | — | 0.47× | ||
| Q3 25 | — | 0.48× | ||
| Q2 25 | — | 0.49× | ||
| Q1 25 | — | 0.32× | ||
| Q4 24 | — | 0.32× | ||
| Q3 24 | — | 0.49× | ||
| Q2 24 | — | 0.56× | ||
| Q1 24 | — | 0.58× |
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 | $167.5M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $135.6M |
| 自由现金流率自由现金流/营收 | -134.6% | 8.5% |
| 资本支出强度资本支出/营收 | 14.2% | 2.0% |
| 现金转化率经营现金流/净利润 | -0.10× | 3.01× |
| 过去12个月自由现金流最近4个季度 | $-299.6M | $410.4M |
8季度趋势，按日历期对齐
经营现金流IONQPSN
| Q4 25 | $-74.5M | $167.5M | ||
| Q3 25 | $-123.1M | $162.8M | ||
| Q2 25 | $-52.6M | $159.8M | ||
| Q1 25 | $-33.0M | $-11.8M | ||
| Q4 24 | $-39.4M | $126.8M | ||
| Q3 24 | $-19.2M | $299.0M | ||
| Q2 24 | $-26.6M | $161.2M | ||
| Q1 24 | $-20.5M | $-63.4M |
自由现金流IONQPSN
| Q4 25 | $-83.3M | $135.6M | ||
| Q3 25 | $-127.2M | $149.7M | ||
| Q2 25 | $-53.8M | $150.4M | ||
| Q1 25 | $-35.3M | $-25.3M | ||
| Q4 24 | $-43.0M | $108.0M | ||
| Q3 24 | $-23.0M | $287.3M | ||
| Q2 24 | $-34.1M | $152.0M | ||
| Q1 24 | $-23.6M | $-72.9M |
自由现金流率IONQPSN
| Q4 25 | -134.6% | 8.5% | ||
| Q3 25 | -319.1% | 9.2% | ||
| Q2 25 | -259.8% | 9.5% | ||
| Q1 25 | -467.0% | -1.6% | ||
| Q4 24 | -367.4% | 6.2% | ||
| Q3 24 | -185.3% | 15.9% | ||
| Q2 24 | -299.3% | 9.1% | ||
| Q1 24 | -311.3% | -4.7% |
资本支出强度IONQPSN
| Q4 25 | 14.2% | 2.0% | ||
| Q3 25 | 10.4% | 0.8% | ||
| Q2 25 | 5.8% | 0.6% | ||
| Q1 25 | 30.5% | 0.9% | ||
| Q4 24 | 30.7% | 1.1% | ||
| Q3 24 | 30.4% | 0.6% | ||
| Q2 24 | 65.8% | 0.6% | ||
| Q1 24 | 41.4% | 0.6% |
现金转化率IONQPSN
| Q4 25 | -0.10× | 3.01× | ||
| Q3 25 | — | 2.54× | ||
| Q2 25 | — | 2.89× | ||
| Q1 25 | — | -0.18× | ||
| Q4 24 | — | 0.63× | ||
| Q3 24 | — | 4.16× | ||
| Q2 24 | — | 2.33× | ||
| 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
PSN
| Unconsolidated Joint Ventures | $582.1M | 36% |
| Defense And Intelligence | $502.8M | 31% |
| Engineered Systems | $281.4M | 18% |
| Consolidated Joint Ventures | $216.7M | 14% |
| TRS Group Inc | $9.4M | 1% |
