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IonQ, Inc.（IONQ）与Turning Point Brands, Inc.（TPB）财务数据对比。点击上方公司名可切换其他公司
Turning Point Brands, Inc.的季度营收约是IonQ, Inc.的2.0倍（$121.0M vs $61.9M），IonQ, Inc.净利率更高（1217.8% vs 6.8%，领先1211.0%），IonQ, Inc.同比增速更快（428.5% vs 29.2%），Turning Point Brands, Inc.自由现金流更多（$21.5M 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。
Turning Point Australia（TPAUS）是一家位于澳大利亚的保守派游说团体，隶属于美国转折点组织但保持独立运营，由乔尔·贾马尔创立并于2023年完成注册。该团体目前正积极行动，试图影响2026年3月举行的南澳大利亚州选举结果。
IONQ vs TPB — 直观对比
营收规模更大
TPB
是对方的2.0倍
$61.9M
营收增速更快
IONQ
高出399.3%
29.2%
净利率更高
IONQ
高出1211.0%
6.8%
自由现金流更多
TPB
多$104.8M
$-83.3M
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $61.9M | $121.0M |
| 净利润 | $753.7M | $8.2M |
| 毛利率 | — | 55.9% |
| 营业利润率 | -369.4% | 16.5% |
| 净利率 | 1217.8% | 6.8% |
| 营收同比 | 428.5% | 29.2% |
| 净利润同比 | 473.1% | 239.8% |
| 每股收益（稀释后） | $2.60 | $0.40 |
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IONQTPB
| Q4 25 | $61.9M | $121.0M | ||
| Q3 25 | $39.9M | $119.0M | ||
| Q2 25 | $20.7M | $116.6M | ||
| Q1 25 | — | $106.4M | ||
| Q4 24 | $11.7M | $93.7M | ||
| Q3 24 | $12.4M | $90.7M | ||
| Q2 24 | $11.4M | $93.2M | ||
| Q1 24 | — | $83.1M |
净利润IONQTPB
| Q4 25 | $753.7M | $8.2M | ||
| Q3 25 | $-1.1B | $21.1M | ||
| Q2 25 | $-176.8M | $14.5M | ||
| Q1 25 | — | $14.4M | ||
| Q4 24 | $-202.0M | $2.4M | ||
| Q3 24 | $-52.5M | $12.4M | ||
| Q2 24 | $-37.6M | $13.0M | ||
| Q1 24 | — | $12.0M |
毛利率IONQTPB
| Q4 25 | — | 55.9% | ||
| Q3 25 | — | 59.2% | ||
| Q2 25 | — | 57.1% | ||
| Q1 25 | — | 56.0% | ||
| Q4 24 | — | 56.0% | ||
| Q3 24 | — | 55.6% | ||
| Q2 24 | — | 54.1% | ||
| Q1 24 | — | 58.2% |
营业利润率IONQTPB
| Q4 25 | -369.4% | 16.5% | ||
| Q3 25 | -423.5% | 21.8% | ||
| Q2 25 | -776.0% | 22.6% | ||
| Q1 25 | — | 21.8% | ||
| Q4 24 | -661.9% | 19.1% | ||
| Q3 24 | -428.5% | 22.9% | ||
| Q2 24 | -430.0% | 24.5% | ||
| Q1 24 | — | 23.2% |
净利率IONQTPB
| Q4 25 | 1217.8% | 6.8% | ||
| Q3 25 | -2646.3% | 17.7% | ||
| Q2 25 | -854.5% | 12.4% | ||
| Q1 25 | — | 13.5% | ||
| Q4 24 | -1725.0% | 2.6% | ||
| Q3 24 | -423.4% | 13.6% | ||
| Q2 24 | -330.0% | 14.0% | ||
| Q1 24 | — | 14.5% |
每股收益（稀释后）IONQTPB
| Q4 25 | $2.60 | $0.40 | ||
| Q3 25 | $-3.58 | $1.13 | ||
| Q2 25 | $-0.70 | $0.79 | ||
| Q1 25 | — | $0.79 | ||
| Q4 24 | $-0.95 | $0.15 | ||
| Q3 24 | $-0.24 | $0.68 | ||
| Q2 24 | $-0.18 | $0.68 | ||
| Q1 24 | — | $0.63 |
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 | $222.8M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $3.8B | $372.0M |
| 总资产 | $6.6B | $763.8M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资IONQTPB
| Q4 25 | $2.4B | $222.8M | ||
| Q3 25 | $1.1B | $201.2M | ||
| Q2 25 | $546.9M | $109.9M | ||
| Q1 25 | — | $99.6M | ||
| Q4 24 | $340.3M | $48.9M | ||
| Q3 24 | $365.7M | $33.6M | ||
| Q2 24 | $369.8M | $142.2M | ||
| Q1 24 | — | $130.9M |
股东权益IONQTPB
| Q4 25 | $3.8B | $372.0M | ||
| Q3 25 | $2.3B | $358.2M | ||
| Q2 25 | $1.2B | $224.8M | ||
| Q1 25 | — | $203.4M | ||
| Q4 24 | $383.9M | $190.4M | ||
| Q3 24 | $435.7M | $185.7M | ||
| Q2 24 | $463.3M | $172.8M | ||
| Q1 24 | — | $160.0M |
总资产IONQTPB
| Q4 25 | $6.6B | $763.8M | ||
| Q3 25 | $4.3B | $742.8M | ||
| Q2 25 | $1.3B | $595.8M | ||
| Q1 25 | — | $564.6M | ||
| Q4 24 | $508.4M | $493.4M | ||
| Q3 24 | $497.9M | $488.0M | ||
| Q2 24 | $517.4M | $591.6M | ||
| Q1 24 | — | $586.3M |
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 | $24.9M |
| 自由现金流经营现金流 - 资本支出 | $-83.3M | $21.5M |
| 自由现金流率自由现金流/营收 | -134.6% | 17.8% |
| 资本支出强度资本支出/营收 | 14.2% | 2.8% |
| 现金转化率经营现金流/净利润 | -0.10× | 3.03× |
| 过去12个月自由现金流最近4个季度 | $-307.3M | $43.8M |
8季度趋势，按日历期对齐
经营现金流IONQTPB
| Q4 25 | $-74.5M | $24.9M | ||
| Q3 25 | $-123.1M | $3.3M | ||
| Q2 25 | $-52.6M | $11.8M | ||
| Q1 25 | — | $17.4M | ||
| Q4 24 | $-39.4M | $17.7M | ||
| Q3 24 | $-19.2M | $13.2M | ||
| Q2 24 | $-26.6M | $13.4M | ||
| Q1 24 | — | $22.6M |
自由现金流IONQTPB
| Q4 25 | $-83.3M | $21.5M | ||
| Q3 25 | $-127.2M | $-721.0K | ||
| Q2 25 | $-53.8M | $7.8M | ||
| Q1 25 | — | $15.2M | ||
| Q4 24 | $-43.0M | $16.6M | ||
| Q3 24 | $-23.0M | $12.6M | ||
| Q2 24 | $-34.1M | $10.9M | ||
| Q1 24 | — | $22.3M |
自由现金流率IONQTPB
| Q4 25 | -134.6% | 17.8% | ||
| Q3 25 | -319.1% | -0.6% | ||
| Q2 25 | -259.8% | 6.7% | ||
| Q1 25 | — | 14.3% | ||
| Q4 24 | -367.4% | 17.8% | ||
| Q3 24 | -185.3% | 13.9% | ||
| Q2 24 | -299.3% | 11.7% | ||
| Q1 24 | — | 26.8% |
资本支出强度IONQTPB
| Q4 25 | 14.2% | 2.8% | ||
| Q3 25 | 10.4% | 3.4% | ||
| Q2 25 | 5.8% | 3.4% | ||
| Q1 25 | — | 2.1% | ||
| Q4 24 | 30.7% | 1.2% | ||
| Q3 24 | 30.4% | 0.7% | ||
| Q2 24 | 65.8% | 2.7% | ||
| Q1 24 | — | 0.4% |
现金转化率IONQTPB
| Q4 25 | -0.10× | 3.03× | ||
| Q3 25 | — | 0.16× | ||
| Q2 25 | — | 0.82× | ||
| Q1 25 | — | 1.21× | ||
| Q4 24 | — | 7.34× | ||
| Q3 24 | — | 1.07× | ||
| Q2 24 | — | 1.03× | ||
| Q1 24 | — | 1.89× |
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% |
TPB
| US | $111.5M | 92% |
| Non Us | $9.6M | 8% |
