GPGI vs IonQ
IonQ reported revenue of $130 million in fiscal 2025, 2.2 times GPGI's $60 million in fiscal 2025. GPGI's revenue fell 85.8% in its latest year, and IonQ's grew 201.8%. GPGI had an operating margin of -22.9%, against -487.4% at IonQ. Free cash flow was −$23 million at GPGI and −$300 million at IonQ.
Side by side
| GPGI | IonQ | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $60M | $130M |
| Revenue growth | −85.8% | 201.8% |
| Revenue growth a year, last 5 years | −25.5% | — |
| Gross margin | 48.0% | — |
| Operating margin | −22.9% | −487.4% |
| Net margin | −227.3% | −392.6% |
| Free cash flow | −$23M | −$300M |
| Free cash flow margin | −38.2% | −230.4% |
| Return on capital | — | −68.3% |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $12M | $0M |
| Change in diluted share count | 151.1% | 31.6% |
| Last close | $14.21 | $32.62 |
| P/E at the last close | — | 23.1× |
| Insider trades, last 12 months | bought $2.1 million, sold $231,109 | bought $224,810, sold $7.2 million |
| Piotroski F-score | — | 3 of 8 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
GPGIIonQ
Operating margin
Percent of revenue
GPGIIonQ
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
GPGIIonQ