Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. IonQ's Pre-Tax Income for the
three
months ended in Mar. 2026 was CHF798.2 Mil. IonQ's Revenue for the
three
months ended in Mar. 2026 was CHF64.7 Mil. Therefore, IonQ's pretax margin for the quarter that ended in Mar. 2026 was 1,234.35%.
The historical rank and industry rank for IonQ's Pretax Margin % or its related term are showing as below:
XSWX:IONQ'
s Pretax Margin % Range Over the Past 10 Years
Min: -5058.89 Med: -715.56 Max: 146.31
Current: 146.31
XSWX:IONQ's Pretax Margin % is ranked better than 99.56% of 2475
companies
in the Hardware industry
Industry Median: 3.58
vs XSWX:IONQ: 146.31
IonQ (XSWX:IONQ) Pretax Margin % Explanation
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
IonQ Pretax Margin % Related Terms
IonQ Pretax Margin % Historical Data
* Premium members only.
The historical data trend for IonQ's Pretax Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Computer Hardware subindustry, IonQ's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
IonQ Pretax Margin % vs Hardware Industry
For the Hardware industry and Technology sector, IonQ's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where IonQ's Pretax Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
IonQ (XSWX:IONQ) has a Pretax Margin % of 1,234.35% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IonQ and its competitors. According to the industry distribution chart, IonQ ranks #11 out of 2475 companies in the Hardware industry, placing it in the top 0.40000000000001%.
Is IonQ's Pretax Margin % too high?
IonQ's current Pretax Margin % is 1,234.35%. The Hardware industry median Pretax Margin % is 3.58. IonQ's value of 1,234.35% is 34379.1% above this industry median. Based on the distribution chart, IonQ ranks #11 out of 2475 companies in the Hardware industry, which is in the top quartile — a strong position relative to peers. Overall, IonQ has a GF Score™ of 52/100, reflecting its overall financial health beyond just this single metric.
How does IonQ's Pretax Margin % compare to ?
According to the Hardware industry distribution chart, IonQ ranks #11 out of 2475 companies for Pretax Margin %. This places IonQ in the top 0% of its industry — outperforming the majority of peers. The industry median Pretax Margin % is 3.58. IonQ's value of 1,234.35% is 34379.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Hardware company?
The median Pretax Margin % among Hardware companies is 3.58, based on 2,475 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. IonQ's current Pretax Margin % of 1,234.35% is 34379.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on IonQ and its competitors. For the Hardware industry, the median Pretax Margin % is 3.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. IonQ's current Pretax Margin % is 1,234.35%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is IonQ stock overvalued right now?
IonQ (XSWX:IONQ) has a current Pretax Margin % of 1,234.35%. The stock's GF Value™ is CHF72.74, compared to a current price of CHF40.79 — trading 43.9% below its estimated fair value. The current Pretax Margin % is 1,234.35% and 34379.1% above the Hardware industry median of 3.58. IonQ's overall GF Score™ is 52/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For IonQ (XSWX:IONQ), the current Pretax Margin % is 1,234.35% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is IonQ (XSWX:IONQ) Overvalued in 2026?
Based on GuruFocus' analysis, IonQ stock appears to be undervalued.
The current stock price of CHF40.79 is trading 43.9% below its estimated GF Value™ of CHF72.74.
Key valuation signals for XSWX:IONQ:
Pretax Margin %: 1,234.35%
GF Value™: CHF72.74 vs. price of CHF40.79 (43.9% below fair value)
Industry Position: 34379.1% above the Hardware median (#11 of 2475)
No single metric tells the full story. See the XSWX:IONQ stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
IonQ Inc sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. The company currently makes access to its quantum computers available via cloud platforms and also to select customers via its own cloud service. This cloud-based approach enables the broad availability of quantum-computing-as-a-service (QCaaS). The company derives its revenue from its quantum-computing-as-a-service arrangements, consulting services related to co-developing algorithms on company's quantum computing systems and contracts associated with the design, development, and construction of specialized quantum computing systems together with related services.
52GF Score
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