D-Wave Quantum (NYSE:QBTS – Get Rating) is one of 21 publicly-traded companies in the “Computer Hardware” industry, but how does it contrast to its competitors? We will compare D-Wave Quantum to similar companies based on the strength of its dividends, institutional ownership, analyst recommendations, profitability, earnings, valuation and risk.
Analyst Recommendations
This is a summary of current ratings and recommmendations for D-Wave Quantum and its competitors, as reported by MarketBeat.
| Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
| D-Wave Quantum | 0 | 0 | 5 | 0 | 3.00 |
| D-Wave Quantum Competitors | 24 | 120 | 141 | 1 | 2.42 |
D-Wave Quantum currently has a consensus price target of $5.00, indicating a potential upside of 216.46%. As a group, “Computer Hardware” companies have a potential upside of 16.21%. Given D-Wave Quantum’s stronger consensus rating and higher probable upside, analysts plainly believe D-Wave Quantum is more favorable than its competitors.
Valuation and Earnings
| Gross Revenue | Net Income | Price/Earnings Ratio | |
| D-Wave Quantum | $7.04 million | -$51.53 million | -2.87 |
| D-Wave Quantum Competitors | $180.74 million | -$90.06 million | -281.45 |
D-Wave Quantum’s competitors have higher revenue, but lower earnings than D-Wave Quantum. D-Wave Quantum is trading at a higher price-to-earnings ratio than its competitors, indicating that it is currently more expensive than other companies in its industry.
Insider and Institutional Ownership
55.7% of D-Wave Quantum shares are owned by institutional investors. Comparatively, 36.4% of shares of all “Computer Hardware” companies are owned by institutional investors. 13.1% of D-Wave Quantum shares are owned by insiders. Comparatively, 21.7% of shares of all “Computer Hardware” companies are owned by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a stock will outperform the market over the long term.
Risk and Volatility
D-Wave Quantum has a beta of -0.73, suggesting that its share price is 173% less volatile than the S&P 500. Comparatively, D-Wave Quantum’s competitors have a beta of 0.14, suggesting that their average share price is 86% less volatile than the S&P 500.
Profitability
This table compares D-Wave Quantum and its competitors’ net margins, return on equity and return on assets.
| Net Margins | Return on Equity | Return on Assets | |
| D-Wave Quantum | -915.96% | N/A | -68.12% |
| D-Wave Quantum Competitors | -52.55% | -7.02% | -6.33% |
Summary
D-Wave Quantum beats its competitors on 7 of the 13 factors compared.
About D-Wave Quantum
D-Wave Quantum Inc. develops and delivers quantum computing systems, software, and services worldwide. The company offers Advantage, a fifth-generation quantum computer; Ocean, a suite of open-source python tools; and Leap, a cloud-based service that provides real-time access to a live quantum computer, as well as access to Advantage, hybrid solvers, the Ocean software development kit, live code, demos, learning resources, and a vibrant developer community. It also provides D-Wave Launch, a quantum professional service that guides enterprises from problem discovery through production implementation. The company's quantum solutions are used in logistics, financial services, drug discovery, materials sciences, scheduling, fault detection, mobility, and supply chain management. It serves financial services, manufacturing/logistics, mobility, and life sciences/pharmaceuticals industries. D-Wave Quantum Inc. was founded in 1999 and is headquartered in Burnaby, Canada.
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