HP (HPQ) vs D-Wave Quantum (QBTS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
HP (HPQ) has outperformed D-Wave Quantum (QBTS) over the past year, gaining 20.0% versus a loss of 57.4%. Over five years, QBTS leads with a +48.8% price change compared with +14.7% for HPQ. HP is the larger company by market cap ($29.25 billion vs $5.54 billion), about 5.3 times the size, while D-Wave Quantum is growing revenue faster (+178.5% vs +3.2%).
HP pays a dividend yielding 3.67%, while D-Wave Quantum does not currently pay one. HP converts more of its revenue into profit, with a net margin of 4.6% versus -1444.1%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | HPQ | QBTS |
|---|---|---|
| Share price | $32.44 | $14.60 |
| Market cap | $29.25B | $5.54B |
| 1-day change | +0.62% | -4.07% |
| YTD return | +45.60% | -44.17% |
| 1-year return | +20.01% | -57.37% |
| 5-year return | +14.71% | +48.83% |
| P/E ratio (TTM) | 12.38 | — |
| Forward P/E | 10.34 | — |
| EPS (TTM) | $2.62 | $-0.69 |
| Dividend yield | 3.67% | 0.00% |
| Annual dividend | $1.19 | $0.00 |
| Revenue (latest FY) | $55.30B | $24.59M |
| Revenue growth (YoY) | +3.24% | +178.54% |
| Net income (latest FY) | $2.53B | $-355.06M |
| Gross margin | 20.60% | 82.59% |
| Operating margin | 5.74% | -408.22% |
| Net margin | 4.57% | -1444.10% |
| 52-week high | $36.23 | $46.75 |
| 52-week low | $17.56 | $12.75 |
| Distance from 52-week high | -10.46% | -68.77% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | -8.57% | +137.33% |
| Average volume | 15.16M | 16.69M |
| Shares outstanding | 901.79M | 376.45M |
| Employees | 55,000 | 382 |
| Sector | Technology | Technology |
| Industry | Computer Manufacturing | EDP Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- HP is about 5.3 times larger than D-Wave Quantum by market value ($29.25B vs $5.54B).
- HPQ has outperformed QBTS by 77.4 percentage points over the past year.
- HP offers a meaningfully higher dividend yield (3.67% vs 0.00%).
- HP is more profitable, keeping 4.6 cents of every revenue dollar as net income versus -1444.1 cents for D-Wave Quantum.
- D-Wave Quantum grew revenue faster in its latest fiscal year (+178.54% vs +3.24%).
About HP
HPQ stock →HP Inc. provides personal computing, printing, 3D printing, hybrid work, gaming, and other related technologies in the United States and internationally.
Technology · Computer Manufacturing · 55,000 employees
About D-Wave Quantum
QBTS stock →D-Wave Quantum Inc. engages in the development and delivery of quantum computing systems, software, and services worldwide.
Technology · EDP Services · 382 employees
HPQ vs QBTS FAQ
Which is bigger, HP or D-Wave Quantum?
HP (HPQ) is larger, with a market capitalization of $29.25B compared with $5.54B for D-Wave Quantum (QBTS).
Which stock has performed better over the past year, HPQ or QBTS?
HPQ returned +20.01% over the past 12 months, compared with -57.37% for QBTS (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, HP or D-Wave Quantum?
HP pays a dividend yielding 3.67%, while D-Wave Quantum does not currently pay a regular dividend.
Are HP and D-Wave Quantum in the same industry?
Both are in the Technology sector, but in different industries: Computer Manufacturing for HP and EDP Services for D-Wave Quantum.