D-Wave Quantum [QBTS] vs Western Digital [WDC] Detailed Stock Comparison

D-Wave Quantum Inc.

NYSE
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Western Digital Corporation

NASDAQ
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TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: D-Wave Quantum Inc. wins in 5 metrics, Western Digital Corporation wins in 14 metrics, with 0 ties. Western Digital Corporation appears stronger overall.

View Metrics Details

Vital Metrics Comparison

Metric D-Wave Quantum Inc. Western Digital Corporation Better
P/E Ratio (TTM) -17.39 38.17 Western Digital Corporation
Price-to-Book Ratio 8.94 19.27 D-Wave Quantum Inc.
Debt-to-Equity Ratio 5.10 65.44 D-Wave Quantum Inc.
PEG Ratio 0.26 0.18 Western Digital Corporation
EV/EBITDA -71.01 41.01 Western Digital Corporation
Profit Margin (TTM) 82.59% 35.64% D-Wave Quantum Inc.
Operating Margin (TTM) -1,265.95% 31.92% Western Digital Corporation
EBITDA Margin (TTM) N/A 31.92% N/A
Return on Equity -77.62% 41.13% Western Digital Corporation
Return on Assets (TTM) -11.24% 9.15% Western Digital Corporation
Free Cash Flow (TTM) $-76.29M $1.28B Western Digital Corporation
Dividend Yield N/A 0.15% N/A
1-Year Return 54.05% 910.65% Western Digital Corporation
Price-to-Sales Ratio (TTM) 319.56 12.84 Western Digital Corporation
Enterprise Value $7.02B $137.66B Western Digital Corporation
EV/Revenue Ratio 285.35 12.83 Western Digital Corporation
Gross Profit Margin (TTM) 64.83% 45.74% D-Wave Quantum Inc.
Revenue per Share (TTM) $0 $31 Western Digital Corporation
Earnings per Share (Diluted) $-1.11 $10.56 Western Digital Corporation
Beta (Stock Volatility) 1.77 1.83 D-Wave Quantum Inc.
Short % of Float 16.41% 8.89% Western Digital Corporation

D-Wave Quantum Inc. vs Western Digital Corporation Stock Performance Analysis

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QBTS
WDC

Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
D-Wave Quantum Inc.12.37%1.66%29.04%50.40%10.61%-6.65%
Western Digital Corporation16.09%24.03%35.58%128.34%279.87%248.18%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
D-Wave Quantum Inc.54.05%1,143.09%135.82%130.25%130.25%130.25%
Western Digital Corporation910.65%1,740.24%972.04%1,498.32%2,125.02%4,104.11%

Performance & Financial Health Analysis: D-Wave Quantum Inc. vs Western Digital Corporation

MetricQBTSWDC
Market Information
Market Cap i$7.14B$138.13B
Market Cap CategoryMid capLarge cap
10 Day Avg. Volume i43,692,1446,208,858
90 Day Avg. Volume i28,171,3518,068,893
Last Close$26.26$653.53
52 Week Range$12.75 - $46.75$56.27 - $658.80
% from 52W High-43.83%-0.80%
All-Time High$46.75 (Oct 15, 2025)$658.80 (Jun 15, 2026)
% from All-Time High-43.83%-0.80%
Growth Metrics
Quarterly Revenue Growth0.19%0.25%
Quarterly Earnings Growth0.19%2.10%
Financial Health
Profit Margin (TTM) i0.83%0.36%
Operating Margin (TTM) i-12.66%0.32%
Return on Equity (TTM) i-0.78%0.41%
Debt to Equity (MRQ) i5.1065.44
Cash & Liquidity
Book Value per Share (MRQ)$2.38$20.92
Cash per Share (MRQ)$2.39$11.93
Operating Cash Flow (TTM) i$-71,982,000$2.67B
Levered Free Cash Flow (TTM) i$-57,992,124$3.90B
Dividends
Last 12-Month Dividend Yield iN/A0.15%
Last 12-Month Dividend iN/A$0.44

Valuation & Enterprise Metrics Analysis: D-Wave Quantum Inc. vs Western Digital Corporation

MetricQBTS (Apr 24, 2026)WDC (Apr 26, 2026)
Price Ratios
P/E Ratio (TTM) i-17.3938.17
Forward P/E i-57.4128.44
PEG Ratio i0.260.18
Price to Sales (TTM) i319.5612.84
Price to Book (MRQ) i8.9419.27
Market Capitalization
Market Capitalization i$7.14B$138.13B
Enterprise Value i$7.02B$137.66B
Enterprise Value Metrics
Enterprise to Revenue i285.3512.83
Enterprise to EBITDA i-71.0141.01
Risk & Other Metrics
Beta i1.771.83
Book Value per Share (MRQ) i$2.38$20.92

Financial Statements Comparison: D-Wave Quantum Inc. vs Western Digital Corporation

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricQBTS (2025)WDC (2025)
Revenue/Sales i24.59M9.52B
Cost of Goods Sold i4.28M5.83B
COGS % of Revenue i17.4%61.2%
Gross Profit i20.31M3.69B
Gross Margin i82.6%38.8%
Research & Development i50.73M994.00M
Operating Income (EBIT) i-100.37M2.13B
Operating Margin i-408.2%22.4%
EBITDA i-78.04M2.61B
EBITDA Margin i-317.4%27.4%
Pre-Tax Income i-355.06M1.13B
Pre-Tax Income % of Revenue i-1,444.1%11.9%
Income Tax iN/A-513.00M
Income Tax % of Revenue i0.0%-5.4%
Net Income (Profit) i-355.06M1.89B
Profit Margin i-1,444.1%19.8%

Balance Sheet & Liquidity Metrics

MetricQBTS (2025)WDC (2025)
Cash & Equivalents i635.35M2.11B
Total Current Assets i896.23M5.86B
Total Current Assets % of Revenue i3,645.1%61.5%
Total Current Liabilities i21.15M5.42B
Total Current Liabilities % of Revenue i86.0%56.9%
Long-Term Debt i41.88M2.49B
Long-Term Debt % of Revenue i170.3%26.1%
Total Shareholders Equity i852.23M5.54B
Retained Earnings i-982.00M762.00M
Retained Earnings % of Revenue i-3,994.0%8.0%
Property, Plant & Equipment i7.56M0

Cash Flow Statement Comparison

MetricQBTS (2025)WDC (2025)
Operating Cash Flow i-350.88M996.00M
Operating Cash Flow % of Revenue i-1,427.1%10.5%
Capital Expenditures i-3.86M-407.00M
Free Cash Flow i-76.29M1.28B
FCF Margin i-310.3%13.4%
Debt Repayment i-365,000-2.09B
Common Stock Repurchase iN/A-149.00M

Short Interest & Institutional Ownership Analysis

MetricQBTSWDC
Shares Short i58.77M26.65M
Short Ratio i2.683.21
Short % of Float i16.41%8.89%
Shares Outstanding i358.74M340.00M
Float Shares i360.00M336.72M
% Held by Insiders i1.15%0.54%
% Held by Institutions i45.96%103.30%
% Held by Public i52.89%-3.84%

Dividend Analysis & Yield Comparison: D-Wave Quantum Inc. vs Western Digital Corporation

MetricQBTSWDC
Last 12-Month Dividend iN/A$0.44
Last 12-Month Dividend Yield iN/A0.15%
3-Year Avg Annual Dividend iN/A$0.15
3-Year Avg Dividend Yield iN/A0.10%
3-Year Total Dividends iN/A$0.44
Ex-Dividend DateN/AMar 05, 2026