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FA vs QBTS // RETURN ON INVESTED CAPITAL (ROIC)

First Advantage Corporation (NASDAQ) VS. D-Wave Quantum Inc. (NASDAQ) • 15-METRIC TALLY: FA 6 — QBTS 3
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: FA
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (FA VS. QBTS) EMERALD CELL = QUANTITATIVE EDGE
INSTITUTIONAL METRIC FA QBTS SPREAD (A - B) ADVANTAGE DEDICATED URL
Gross Profit Margin — 82.60% — TIE /gross-margins <GO>
Return on Invested Capital (ROIC) ACTIVE 3.30% -22.60% +25.90 FA /roic <GO>
EV/EBITDA & P/E Valuation 39.4x — — TIE /valuation <GO>
Free Cash Flow Yield 5.23% -1.73% +6.96 FA /fcf-yield <GO>
Operating Margin 8.40% -60.00% +68.40 FA /operating-margins <GO>
Net Profit Margin -2.20% -60.00% +57.80 FA /net-margins <GO>
Revenue Growth (YoY) 83.00% 178.50% -95.50 QBTS /revenue-growth <GO>
Dividend Yield & FCF Payout Safety 0.00% 0.00% 0.00 TIE /dividend-safety <GO>
Altman Z-Score & Debt/Equity 1.41 26.00 -24.59 QBTS /balance-sheet <GO>
Piotroski F-Score Quality 6/9 5/9 +1.00 FA /piotroski-score <GO>
Options Implied Move & Put/Call Skew — — — TIE /options-implied-move <GO>
RSI-14 & 200D SMA Momentum 62.0 31.7 +30.30 FA /rsi-technicals <GO>
10Y Yield & FRED Macro Beta — 1.26 — TIE /macro-sensitivity <GO>
Forward P/E Multiple — 27.0x — TIE /forward-pe <GO>
Enterprise Scale & Market Cap $3.71B $4.04B -$334.9M QBTS /market-cap <GO>
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
FISCAL YEAR FA REV QBTS REV FA GROSS % QBTS GROSS % FA FCF QBTS FCF
FY 2025 $1.57B $24.6M — 82.6% $188.5M -$75.8M
FY 2024 $860.2M $8.8M — 63.0% $26.5M -$44.7M
FY 2023 $763.8M $8.8M — — $162.8M -$61.0M
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
FA // BETA —
QBTS // BETA 1.26