RGTI vs IBM Stock Comparison: AI Score, Valuation, Performance and Upside
Rigetti Computing and IBM both develop superconducting qubit-based quantum computing technology, but Rigetti is a small, pure-play, early-stage quantum computing company, while IBM is a massive, diversified enterprise technology company for which quantum computing (IBM Quantum) is a smaller, longer-term research initiative alongside its core hybrid cloud, AI, and consulting businesses.
Rigetti offers concentrated, higher-risk pure-play exposure to superconducting qubit quantum computing, while IBM offers diversified, stable enterprise technology exposure with quantum computing as a smaller research initiative rather than a primary investment driver. Consider whether you want focused quantum computing exposure or diversified enterprise technology stability with quantum computing as a bonus.
IBM holds the edge across 4 of 5 key metrics in this comparison. IBM leads on both 1-year return (-17.86%) and forward P/E quality (17.90x vs -72.18x for RGTI), a relatively favorable combination of momentum and valuation. On fundamentals, RGTI is growing revenue faster (185.30%), while IBM maintains the higher operating margin (16.55%) — a classic growth-versus-profitability split. Analyst consensus implies meaningfully more upside for RGTI (+93.76%) than for IBM (+3.96%).
Human Wall Street analysts' price targets, typically implying a ~12-month view — a separate signal from this site's own AI Prediction Signal further down the page, which is a 5-/30-day machine-learning forecast based on price history alone.
- Want concentrated, pure-play exposure to superconducting qubit quantum computing technology
- Value Rigetti's full-stack quantum hardware and software development capabilities
- Are comfortable with the high risk and cash runway considerations of a small, early-stage, pre-profitability company
- Believe cloud-based quantum access can drive broader customer adoption over time
- Want diversified, stable exposure to enterprise technology, including hybrid cloud, AI software, and consulting
- Value IBM's established dividend history and diversified revenue base beyond quantum computing
- Believe IBM Quantum's long-standing research program and enterprise partnerships provide credible long-term quantum computing exposure
- Prefer a large, diversified technology company where quantum computing is a bonus rather than the primary investment thesis
| Metric | RGTI | IBM |
|---|---|---|
| AI scorei | 31.6 | 39.1 |
| AI ranki | #2132 | #689 |
| Latest closei | $10.67 | $252.51 |
| 1M returni | -30.03% | +13.42% |
| 3M returni | -33.40% | +11.58% |
| 6M returni | -39.72% | +10.04% |
| 1Y returni | -75.90% | -17.86% |
How much would $10,000 be worth today if invested at the start of each period, with all dividends reinvested?
| Period | RGTI | IBM |
|---|---|---|
| 1Y ago | $2.73K (-72.7%) started 2025-11-03 | $8.29K (-17.1%) started 2025-11-03 |
| 5Y ago | $10.28K (+2.8%) started 2021-11-03 | $28.94K (+189.4%) started 2021-11-03 |
| 10Y ago | $10.78K (+7.8%) started 2021-04-22 | $40.58K (+305.8%) started 2016-11-03 |
Hypothetical — past performance does not guarantee future results.
| Metric | RGTI | IBM |
|---|---|---|
| Market capi | $4.96B | $221.96B |
| Trailing P/Ei | N/A | 20.92 |
| Forward P/Ei | -72.18 | 17.90 |
| Price/Salesi | N/A | 3.98 |
| EV/Revenuei | 345.78 | 4.04 |
| Analyst targeti | $28.81 | $244.91 |
| Target upsidei | +93.76% | +3.96% |
| Metric | RGTI | IBM |
|---|---|---|
| Revenue growthi | 185.30% | 1.10% |
| Earnings growthi | N/A | -1.80% |
| EPS growthi | N/A | -1.80% |
| FCF margini | +198.11% | +17.44% |
| Operating margini | -546.17% | 16.55% |
| Profit margini | 0.00% | 15.52% |
| ROIC proxyi | -43.77% | 34.46% |
| Return on equityi | -43.77% | 34.46% |
| Dividend yieldi | N/A | 2.87% |
| Payout ratioi | N/A | 57.51% |
| Dividend growth streaki | N/A | No increase yet |
| Betai | 2.02 | 0.70 |
| Debt/equityi | 1.43 | 188.97 |
| Current ratioi | 3.94 | 0.79 |
| Quick ratioi | 3.78 | 0.61 |
Over the past year, RGTI and IBM have moved weakly in the same direction (correlation of 0.18), based on daily returns.
Lower drawdown and smaller single-period drops generally indicate a smoother ride, though they do not guarantee lower future risk.
| Period | Metric | RGTI | IBM |
|---|---|---|---|
| 1Y | Growthi | -72.72% | -17.14% |
| CAGRi | -72.85% | -17.18% | |
| Volatilityi | 94.33% | 48.50% | |
| Sharpe ratioi | -0.97 | -0.23 | |
| Sortino ratioi | -1.46 | -0.29 | |
| Max drawdowni | 72.72% | 37.50% | |
| Current drawdowni | 72.72% | 23.30% | |
| Avg drawdowni | 51.43% | 18.81% | |
| Ulcer Indexi | 53.03% | 21.78% | |
| Max daily dropi | 14.40% | 25.21% | |
| Max wkly dropi | 26.75% | 30.08% | |
| 5Y | Growthi | +2.79% | +143.54% |
| CAGRi | +0.55% | +19.49% | |
| Volatilityi | 130.85% | 30.28% | |
| Sharpe ratioi | 0.60 | 0.60 | |
| Sortino ratioi | 1.01 | 0.83 | |
| Max drawdowni | 96.89% | 37.50% | |
| Current drawdowni | 81.06% | 23.30% | |
| Avg drawdowni | 66.08% | 8.48% | |
| Ulcer Indexi | 71.49% | 11.97% | |
| Max daily dropi | 45.41% | 25.21% | |
| Max wkly dropi | 68.19% | 30.08% | |
| 10Y | Growthi | +7.78% | +154.50% |
| CAGRi | +1.36% | +9.79% | |
| Volatilityi | 124.31% | 28.38% | |
| Sharpe ratioi | 0.57 | 0.32 | |
| Sortino ratioi | 0.97 | 0.43 | |
| Max drawdowni | 96.89% | 40.59% | |
| Current drawdowni | 81.06% | 23.30% | |
| Avg drawdowni | 59.76% | 11.95% | |
| Ulcer Indexi | 67.91% | 14.69% | |
| Max daily dropi | 45.41% | 25.21% | |
| Max wkly dropi | 68.19% | 30.08% |
| Category | RGTI | IBM |
|---|---|---|
| Company | Rigetti Computing, Inc. | International Business Machines Corporation |
| Sector | Technology | Technology |
| Industry | Computer Hardware | Information Technology Services |
| Core business | A quantum computing company building superconducting qubit-based quantum computers and offering cloud-based access to its quantum systems for research and enterprise customers, pursuing full-stack quantum hardware and software development. | A global enterprise technology company providing hybrid cloud computing, AI software, and consulting services, alongside a long-standing quantum computing research program (IBM Quantum) offering cloud access to its quantum systems for enterprise and research partners. |
| Investor focus | Quantum processor performance milestones, cloud quantum computing access revenue growth, and cash runway relative to ongoing research and development spending. | Hybrid cloud and AI software revenue growth, consulting segment performance, and dividend sustainability, with quantum computing representing a smaller, longer-term research and development initiative. |
- Pure-play focus on superconducting qubit quantum computing, offering concentrated exposure to this specific technical approach
- Full-stack development capabilities spanning quantum hardware and software provide differentiated positioning
- Cloud-based access model allows broader customer reach without requiring on-premise quantum hardware deployment
- Massive, diversified enterprise technology business provides stable revenue and cash flow beyond quantum computing
- Long-standing quantum computing research program (IBM Quantum) with substantial resources and an established enterprise partnership network
- Established dividend history and diversified business model unlike RGTI's early-stage, pre-profitability quantum focus
- Small, early-stage company with significant operating losses and cash runway considerations
- Quantum computing remains a pre-commercial technology with substantial execution and timeline uncertainty
- Much smaller scale and fewer resources than large, diversified technology companies also investing in quantum computing
- Quantum computing is a small part of IBM's overall business, meaning it does not meaningfully drive IBM's stock performance
- Legacy enterprise technology segments face slower growth compared to newer cloud and AI-native competitors
- Investors seeking pure-play quantum computing exposure will find IBM's quantum program diluted within its much larger overall business
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