COMPARE · Data as of August 21, 2026
IQMX vs SMCI
Verdict: Side-by-side breakdown using the Bull Rankings model. IQMX scored 60.2, SMCI scored 70.9 — SMCI leads.
Compare another set
IQMX
IQM Quantum Computers Oyj
60.2
$11.11 · $5.3B
Score gap
10.7
SMCI leads
SMCI
Super Micro Computer, Inc.
70.9
$37.24 · $24.1B
fundamentals as of
At a glance · who leads each dimension, on the model's own rules
- Fastest growthIQMX+90.6%
- Strongest balance sheetIQMX0.16
- Highest qualityIQMX64 / 100
Side by side · every name on one set of axes
The model, pillar by pillar (0–100 each)
IQMX
stronger →← stronger
SMCI
64
Qualityreturns · margins · balance sheet
55
100
Growthrevenue & earnings expansion
99
40
Valuevaluation vs sector peers
65
IQMX is stronger on 2 of 3 pillars.
Fundamentals, head-to-head
IQMX
SMCI
—
FCF
-$6.8bF
+90.6%A
Rev
+56.2%A
0.16B+
D/E
0.64C+
—
P/S
0.7xA
—
PEG
0.91B+
Winner per row is the stronger grade; where grades tie, the better figure breaks it. A true tie or a missing value shows no highlight.
Model signals
IQMX
Why this score
- Short track record
- Foreign reporter (EUR)
SMCI
Why this score
- Durable high returns
The companies
IQMXIQM Quantum Computers Oyj
Why now
Computer Hardware · market cap $5.3b. Down 26% from 52-week high of $15.10 — deep drawdown territory. Revenue growing +91% — in hypergrowth territory.
Moat
Higher-variance name — the moat signals on the quantitative card are modest, so the durability case rests on execution (turning current growth into durable earnings power) or an un-monetized asset (IP / network effects / first-mover position) rather than an entrenched competitive position.
Risk
Higher-variance name — the thesis leans on growth and valuation rather than a long, settled track record, so it depends on execution continuing. Position size accordingly; a deep drawdown shouldn't change the thesis.
SMCISuper Micro Computer, Inc.
Why now
Computer Hardware · market cap $24.1b. Down 37% from 52-week high of $58.78 — deep drawdown territory. Revenue growing +56% — in hypergrowth territory. PEG 0.91 — paying under fair value for the growth rate. 16 sell-side analysts rate this a Hold with a mean 1-yr target of $42.38 (implying +14% upside).
Moat
ROE 16% sits above Buffett's preferred 15% threshold — the equity base is compounding at a rate the market struggles to discount accurately.
Risk
Free cash flow is negative (-$6.8b) — capital raises or debt issuance likely required; dilution / leverage risk. Down 37% from the 52-week high — the market is pricing in something the screen can't see; verify the bear case before sizing up. Beta 1.97 implies above-market volatility — position-size to the drawdowns this name will produce in a market correction, not to its bull-case return.
Verdict — model-derived comparison
Generating verdict… typically 5–10 seconds
Not investment advice. The Bull Rankings publishes a quantitative ranking model and accompanying analysis for general informational purposes only. Nothing on this page is a recommendation to buy, sell, or hold any security; nothing is personalized to your circumstances, risk tolerance, or tax situation. Investing carries the risk of loss — invest at your own risk and consider consulting a licensed financial professional before acting on anything you read here. See terms and methodology for full disclosures.
Where IQMX and SMCI diverge
On the headline score the gap is 10.7 points in favor of SMCI. They get there differently, though — each leads on a different pillar, so the better pick depends on which you weight.
- ValueIQMX 40.0 · SMCI 65.3SMCI +25.3
- QualityIQMX 63.7 · SMCI 55.4IQMX +8.3
- GrowthIQMX 100.0 · SMCI 98.7level
Pillars run 0–100 against sector peers, so a score is a statement about a company relative to its own industry rather than to the other name here. A wide Value gap usually means the market already prices the difference in quality or growth — which is the trade-off this comparison comes down to.