IBM vs HON
Side-by-side quantum stock comparison: market cap, share price, classification, and thesis.
Market cap, head to head
Stat-by-stat
| Metric | IBM | HON |
|---|---|---|
| Type | Diversified | Diversified |
| Segment | Hardware + Software | Hardware |
| Exchange | NYSE | NASDAQ |
| Country | US | US |
| Market cap | $235.62B | $146.83B |
| Share price | $250.69 | $231.72 |
| Employees | 270,300 | 102,000 |
| Sector | Technology | Industrials |
| Industry | Information Technology Services | Conglomerates |
Quantum thesis
IBM runs the most mature commercial quantum program of any public company. IBM Quantum operates a fleet of superconducting processors over the cloud, publishes a detailed hardware roadmap, and ships Qiskit, the most widely used open-source quantum software stack. Quantum is a tiny share of IBM revenue, but no other diversified bet has more direct quantum exposure or a longer track record.
Full IBM page →Quantum thesis
Honeywell spun its quantum hardware group into Quantinuum, a privately held trapped-ion company in which Honeywell holds a majority stake. Buying HON is the only public-market way to own Quantinuum equity, but quantum is a small fraction of Honeywell's diversified industrial revenue, so the exposure is highly diluted.
Full HON page →