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IonQ, Inc.（IONQ）与null（SWIM）财务数据对比。点击上方公司名可切换其他公司
null的季度营收约是IonQ, Inc.的1.6倍（$100.0M vs $61.9M），IonQ, Inc.净利率更高（1217.8% vs -7.0%，领先1224.8%），IonQ, Inc.同比增速更快（428.5% vs 14.5%），null自由现金流更多（$14.1M vs $-83.3M）
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。
该企业是一家源自美国的跨国律师事务所，1934年创立于加利福尼亚州洛杉矶，在诉讼业务、公司法务以及监管合规法律领域拥有深厚的行业积累与知名度，是全球颇具影响力的综合性律所之一。
IONQ vs SWIM — 直观对比
营收规模更大
SWIM
是对方的1.6倍
$61.9M
营收增速更快
IONQ
高出414.0%
14.5%
净利率更高
IONQ
高出1224.8%
-7.0%
自由现金流更多
SWIM
多$97.4M
$-83.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $100.0M |
| 净利润 | $753.7M | $-7.0M |
| 毛利率 | — | 28.0% |
| 营业利润率 | -369.4% | -10.7% |
| 净利率 | 1217.8% | -7.0% |
| 营收同比 | 428.5% | 14.5% |
| 净利润同比 | 473.1% | 76.0% |
| 每股收益（稀释后） | $2.60 | $-0.06 |
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IONQSWIM
| Q4 25 | $61.9M | $100.0M | ||
| Q3 25 | $39.9M | $161.9M | ||
| Q2 25 | $20.7M | $172.6M | ||
| Q1 25 | — | $111.4M | ||
| Q4 24 | $11.7M | $87.3M | ||
| Q3 24 | $12.4M | $150.5M | ||
| Q2 24 | $11.4M | $160.1M | ||
| Q1 24 | — | $110.6M |
净利润IONQSWIM
| Q4 25 | $753.7M | $-7.0M | ||
| Q3 25 | $-1.1B | $8.1M | ||
| Q2 25 | $-176.8M | $16.0M | ||
| Q1 25 | — | $-6.0M | ||
| Q4 24 | $-202.0M | $-29.2M | ||
| Q3 24 | $-52.5M | $5.9M | ||
| Q2 24 | $-37.6M | $13.3M | ||
| Q1 24 | — | $-7.9M |
毛利率IONQSWIM
| Q4 25 | — | 28.0% | ||
| Q3 25 | — | 35.4% | ||
| Q2 25 | — | 37.1% | ||
| Q1 25 | — | 29.5% | ||
| Q4 24 | — | 24.6% | ||
| Q3 24 | — | 32.4% | ||
| Q2 24 | — | 33.1% | ||
| Q1 24 | — | 27.7% |
营业利润率IONQSWIM
| Q4 25 | -369.4% | -10.7% | ||
| Q3 25 | -423.5% | 13.3% | ||
| Q2 25 | -776.0% | 14.3% | ||
| Q1 25 | — | -4.4% | ||
| Q4 24 | -661.9% | -14.9% | ||
| Q3 24 | -428.5% | 8.9% | ||
| Q2 24 | -430.0% | 12.5% | ||
| Q1 24 | — | -1.9% |
净利率IONQSWIM
| Q4 25 | 1217.8% | -7.0% | ||
| Q3 25 | -2646.3% | 5.0% | ||
| Q2 25 | -854.5% | 9.3% | ||
| Q1 25 | — | -5.4% | ||
| Q4 24 | -1725.0% | -33.4% | ||
| Q3 24 | -423.4% | 3.9% | ||
| Q2 24 | -330.0% | 8.3% | ||
| Q1 24 | — | -7.1% |
每股收益（稀释后）IONQSWIM
| Q4 25 | $2.60 | $-0.06 | ||
| Q3 25 | $-3.58 | $0.07 | ||
| Q2 25 | $-0.70 | $0.13 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | $-0.95 | $-0.24 | ||
| Q3 24 | $-0.24 | $0.05 | ||
| Q2 24 | $-0.18 | $0.11 | ||
| Q1 24 | — | $-0.07 |
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 | — |
| 总债务越低越好 | — | $279.8M |
| 股东权益账面价值 | $3.8B | $405.9M |
| 总资产 | $6.6B | $823.2M |
| 负债/权益比越低杠杆越低 | — | 0.69× |
8季度趋势，按日历期对齐
现金及短期投资IONQSWIM
| Q4 25 | $2.4B | — | ||
| Q3 25 | $1.1B | — | ||
| Q2 25 | $546.9M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $340.3M | — | ||
| Q3 24 | $365.7M | — | ||
| Q2 24 | $369.8M | — | ||
| Q1 24 | — | — |
总债务IONQSWIM
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
股东权益IONQSWIM
| Q4 25 | $3.8B | $405.9M | ||
| Q3 25 | $2.3B | $408.4M | ||
| Q2 25 | $1.2B | $398.4M | ||
| Q1 25 | — | $381.1M | ||
| Q4 24 | $383.9M | $387.2M | ||
| Q3 24 | $435.7M | $416.6M | ||
| Q2 24 | $463.3M | $408.1M | ||
| Q1 24 | — | $391.8M |
总资产IONQSWIM
| Q4 25 | $6.6B | $823.2M | ||
| Q3 25 | $4.3B | $844.4M | ||
| Q2 25 | $1.3B | $822.1M | ||
| Q1 25 | — | $824.6M | ||
| Q4 24 | $508.4M | $794.2M | ||
| Q3 24 | $497.9M | $853.4M | ||
| Q2 24 | $517.4M | $830.0M | ||
| Q1 24 | — | $808.6M |
负债/权益比IONQSWIM
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $14.1M |
| 自由现金流率自由现金流/营收 | -134.6% | 14.1% |
| 资本支出强度资本支出/营收 | 14.2% | 9.2% |
| 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 | $38.0M |
8季度趋势，按日历期对齐
经营现金流IONQSWIM
| Q4 25 | $-74.5M | $23.3M | ||
| Q3 25 | $-123.1M | $51.0M | ||
| Q2 25 | $-52.6M | $36.0M | ||
| Q1 25 | — | $-46.9M | ||
| Q4 24 | $-39.4M | $6.2M | ||
| Q3 24 | $-19.2M | $37.2M | ||
| Q2 24 | $-26.6M | $52.4M | ||
| Q1 24 | — | $-34.5M |
自由现金流IONQSWIM
| Q4 25 | $-83.3M | $14.1M | ||
| Q3 25 | $-127.2M | $45.2M | ||
| Q2 25 | $-53.8M | $29.1M | ||
| Q1 25 | — | $-50.3M | ||
| Q4 24 | $-43.0M | $-98.0K | ||
| Q3 24 | $-23.0M | $33.2M | ||
| Q2 24 | $-34.1M | $47.9M | ||
| Q1 24 | — | $-39.9M |
自由现金流率IONQSWIM
| Q4 25 | -134.6% | 14.1% | ||
| Q3 25 | -319.1% | 27.9% | ||
| Q2 25 | -259.8% | 16.8% | ||
| Q1 25 | — | -45.2% | ||
| Q4 24 | -367.4% | -0.1% | ||
| Q3 24 | -185.3% | 22.1% | ||
| Q2 24 | -299.3% | 29.9% | ||
| Q1 24 | — | -36.0% |
资本支出强度IONQSWIM
| Q4 25 | 14.2% | 9.2% | ||
| Q3 25 | 10.4% | 3.6% | ||
| Q2 25 | 5.8% | 4.0% | ||
| Q1 25 | — | 3.1% | ||
| Q4 24 | 30.7% | 7.2% | ||
| Q3 24 | 30.4% | 2.7% | ||
| Q2 24 | 65.8% | 2.8% | ||
| Q1 24 | — | 4.8% |
现金转化率IONQSWIM
| Q4 25 | -0.10× | — | ||
| Q3 25 | — | 6.29× | ||
| Q2 25 | — | 2.25× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 6.32× | ||
| Q2 24 | — | 3.95× | ||
| 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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
