IBM vs QBTS
IBM: IBM is a premier hybrid cloud and AI technology partner helping global enterprises navigate digital transformation and infrastructure modernization. QBTS: D-Wave is a provider of quantum computing systems and services aimed at accelerating the path to practical, enterprise-scale quantum applications.
Side-by-side fundamentals
| Metric | IBM | QBTS | Edge |
|---|---|---|---|
| Price as of 2026-10-08 close | $226.61 | $14.60 | |
| Market cap | $213.5B | $5.4B | |
| P/E as of 2026-10-08 | 20.12 | n/a | |
| Net margin FY2025, SEC XBRL | +15.7% | -1444.1% | IBM higher |
| Gross margin FY2025, SEC XBRL | +58.2% | +82.6% | QBTS higher |
| Operating margin FY2025, SEC XBRL | n/a | -408.2% | |
| ROE FY2025, SEC XBRL | +32.4% | -41.7% | IBM higher |
| ROA FY2025, SEC XBRL | +7.0% | -38.8% | IBM higher |
| Debt / equity as of 2026-09-03 | 1.80 | 0.03 | QBTS lower |
| Revenue growth (YoY) as of 2026-09-03 | +7.9% | -44.2% | IBM higher |
| Revenue CAGR (3y) SEC XBRL | +3.7% | +50.8% | QBTS higher |
| Dividend yield as of 2026-09-03 | +2.9% | n/a | |
| Dividend streak (yrs) SEC XBRL | 10 | 0 | IBM higher |
| Beta as of 2026-09-03 | 0.78 | 2.63 | |
| 1-year return as of 2026-10-08 close | -21.7% | -57.4% | IBM higher |
Fundamentals: SEC XBRL company filings for the figures marked with a fiscal year, and market data, as of 2026-09-03 for the rest. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-10-08.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & market data, shown with their as-of date; "Edge" cells are a pure numeric comparison, not a recommendation.