Saturday 17 October 2026
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Qualys, Inc.
QLYS Technology Software Infrastructure
Qualys, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $669.1 million, up 10.1% from fiscal 2024. In the quarter to June 2026, revenue grew 11.0%, EPS grew 15.4% and free cash flow grew 72.3%, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
180.89
11.76
−6.10%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
59.18 | 56.57 | 50.84 | 47.10 | 52.08 | 75.57 | 39.68 | 46.57 | 29.64 | 24.25 |
Piotroski F-Score |
5 | 5 | 6 | 7 | 7 | 7 | 8 | 9 | 6 | 7 |
P/S ratio |
5.80 | 9.91 | 10.42 | 10.13 | 13.15 | 13.03 | 8.76 | 12.76 | 8.49 | 7.18 |
Altman Z-Score |
5.71 | 8.09 | 8.86 | 7.95 | 9.91 | 9.65 | 7.37 | 11.04 | 7.42 | 6.67 |
Altman Z″-Score (non-manufacturers) |
5.00 | 5.05 | 4.42 | 3.91 | 4.13 | 3.72 | 2.09 | 3.01 | 2.73 | 3.11 |
P/FCF ratio |
24.91 | 32.76 | 28.30 | 24.49 | 32.95 | 30.87 | 24.69 | 31.32 | 23.25 | 16.31 |
P/Operating CF |
78.55 | 88.44 | 109.05 | 96.79 | 123.06 | 134.31 | 97.80 | 209.12 | 108.13 | 63.49 |
Beneish M-Score |
(2.97) | (2.62) | (2.79) | (2.94) | (2.88) | (3.23) | (3.07) | (2.88) | (2.38) | (2.92) |
P/B ratio |
4.44 | 6.66 | 8.12 | 8.42 | 11.80 | 12.26 | 14.83 | 19.22 | 10.81 | 8.56 |
Price to Tangible BV |
4.46 | 6.94 | 8.84 | 8.99 | 12.40 | 12.67 | 15.95 | 20.16 | 11.15 | 8.74 |
EV/Sales |
4.56 | 8.66 | 9.38 | 9.20 | 12.17 | 12.04 | 8.10 | 11.99 | 7.87 | 6.51 |
EV/EBITDA |
18.78 | 33.77 | 33.49 | 29.05 | 33.89 | 38.84 | 23.89 | 36.07 | 24.02 | 18.70 |
EV/Operating CF |
13.03 | 18.57 | 20.85 | 18.42 | 24.53 | 24.68 | 19.95 | 27.18 | 19.58 | 14.08 |
EV/FCF |
19.61 | 28.63 | 25.48 | 22.24 | 30.49 | 28.54 | 22.84 | 29.43 | 21.53 | 14.79 |
Quick Ratio |
2.23 | 2.13 | 1.85 | 1.69 | 1.78 | 1.69 | 1.26 | 1.47 | 1.27 | 1.32 |
Current Ratio |
2.31 | 2.23 | 1.92 | 1.77 | 1.86 | 1.80 | 1.34 | 1.54 | 1.37 | 1.41 |
Net Debt/EBITDA |
(5.07) | (4.87) | (3.70) | (2.93) | (2.73) | (3.18) | (1.94) | (2.32) | (1.92) | (1.91) |
Debt/Assets |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Debt/Equity |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Asset Turnover |
0.54 | 0.49 | 0.50 | 0.51 | 0.51 | 0.53 | 0.65 | 0.73 | 0.68 | 0.65 |
Operating CF/Net income |
3.61 | 2.66 | 2.19 | 2.32 | 1.97 | 2.83 | 1.84 | 1.61 | 1.41 | 1.56 |
Capex/Depreciation |
(1.29) | (1.72) | (0.82) | (1.07) | (0.92) | (0.64) | (0.68) | (0.41) | (1.05) | (0.45) |
Interest Coverage |
1,157.96 | 12,414.33 | 292.80 | 681.63 | 10,739.33 | 38.34 | 25.15 | — | — | — |
| 8.47% | 13.44% | 16.34% | 18.62% | 23.15% | 16.87% | 29.76% | 46.13% | 41.09% | 38.20% | |
| 5.26% | 8.56% | 10.20% | 10.99% | 12.97% | 9.15% | 14.25% | 20.03% | 19.45% | 19.17% | |
ROIC |
129.26% | 42.22% | 45.73% | 51.37% | 124.66% | 174.38% | 0.00% | 0.00% | 122.26% | 120.40% |
Return on Tangible Assets |
9.16% | 15.43% | 23.53% | 29.79% | 32.19% | 23.34% | 64.06% | 62.29% | 92.56% | 92.91% |
Average Days of Receivables |
86.72 | 101.85 | 99.24 | 88.56 | 100.74 | 96.76 | 90.78 | 96.26 | 98.85 | 93.27 |
Research and Development Expense of Revenue |
18.49% | 18.55% | 19.10% | 21.22% | 19.99% | 19.77% | 20.66% | 19.92% | 18.41% | 17.53% |
Selling, General and Administrative Expense of Revenue |
44.51% | 42.97% | 39.12% | 34.70% | 31.56% | 37.15% | 31.69% | 31.28% | 32.43% | 32.15% |
Intangible Assets out of Total Assets |
0.00 | 0.03 | 0.05 | 0.04 | 0.03 | 0.02 | 0.03 | 0.02 | 0.01 | 0.01 |
Share Based Compensation of Revenue |
10.18% | 11.68% | 10.79% | 10.85% | 11.03% | 16.44% | 10.91% | 12.46% | 12.70% | 11.50% |
Graham Net Nets |
0.13 | 0.08 | 0.05 | 0.03 | 0.03 | 0.03 | 0.01 | 0.02 | 0.02 | 0.03 |
Graham Number |
9.53 | 14.93 | 17.45 | 19.86 | 23.32 | 21.38 | 21.80 | 30.42 | 37.15 | 43.75 |
Earnings Yield |
1.69% | 1.77% | 1.97% | 2.12% | 1.92% | 1.32% | 2.52% | 2.15% | 3.37% | 4.12% |
Free Cash Flow Yield |
4.02% | 3.05% | 3.53% | 4.08% | 3.03% | 3.24% | 4.05% | 3.19% | 4.30% | 6.13% |
Revenue per Share |
5.62 | 6.16 | 7.17 | 8.23 | 9.27 | 10.53 | 12.74 | 15.03 | 16.51 | 18.51 |
Operating CF per Share |
1.97 | 2.87 | 3.23 | 4.11 | 4.60 | 5.14 | 5.17 | 6.63 | 6.63 | 8.56 |
Capex per Share |
(0.66) | (1.01) | (0.59) | (0.81) | (0.79) | (0.66) | (0.62) | (0.24) | (0.34) | (0.14) |
Free Cash Flow per Share |
1.31 | 1.86 | 2.64 | 3.30 | 3.80 | 4.48 | 4.55 | 6.39 | 6.30 | 8.42 |
Cash per Share |
6.92 | 7.70 | 7.44 | 7.65 | 9.09 | 10.38 | 8.36 | 11.58 | 10.37 | 12.34 |
Shareholders Equity per Share |
7.33 | 9.18 | 9.21 | 9.90 | 10.33 | 11.19 | 7.52 | 9.98 | 12.97 | 15.53 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
7.33 | 9.18 | 9.21 | 9.90 | 10.33 | 11.19 | 7.52 | 9.98 | 12.97 | 15.53 |
Free Cash Flow |
46.07 | 69.83 | 102.69 | 128.98 | 148.97 | 174.97 | 174.87 | 235.82 | 231.76 | 304.41 |
Working Capital |
170.36 | 203.58 | 182.06 | 172.15 | 219.62 | 242.12 | 121.15 | 210.79 | 157.30 | 190.28 |
Capital Expenditures |
(23.24) | (37.82) | (22.77) | (31.62) | (31.12) | (25.65) | (23.98) | (8.79) | (12.33) | (4.99) |
Net Current Asset Value |
152.10 | 175.37 | 151.27 | 106.81 | 143.01 | 168.55 | 61.53 | 155.55 | 89.27 | 123.69 |
EV/EBIT |
30.01 | 53.68 | 51.95 | 40.95 | 45.70 | 56.46 | 30.38 | 40.78 | 25.53 | 19.63 |
Capex to Sales |
0.12 | 0.16 | 0.08 | 0.10 | 0.09 | 0.06 | 0.05 | 0.02 | 0.02 | 0.01 |
Price to Operating Income |
38.11 | 61.43 | 57.70 | 45.09 | 49.39 | 61.08 | 32.85 | 43.39 | 27.56 | 21.64 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.46 | 0.38 | 0.45 | 0.49 | 0.52 | 0.64 | 0.75 | 0.65 | 0.39 | 0.48 |
Cash ROIC |
9.17% | 11.05% | 15.87% | 18.81% | 19.59% | 20.78% | 28.65% | 29.65% | 26.99% | 30.23% |
Accounts Receivable Turnover |
4.43 | 4.14 | 3.98 | 4.18 | 4.07 | 3.93 | 4.24 | 4.14 | 3.91 | 3.99 |
Accounts Payable Turnover |
19.52 | 32.29 | 19.66 | 21.60 | 100.35 | 88.25 | 50.09 | 56.63 | 98.74 | 92.85 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
17.36 | 8.10 | 30.82 | 4.45 | 3.37 | 5.29 | 9.97 | 3.36 | 4.16 | 3.82 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
44.67 | 55.72 | 70.12 | 76.93 | 89.11 | 104.59 | 115.40 | 134.01 | 155.39 | 167.77 |
Average Payables |
2.21 | 1.60 | 3.37 | 3.22 | 0.79 | 1.01 | 2.05 | 1.90 | 1.13 | 1.24 |
Average Assets |
365.26 | 472.26 | 561.60 | 630.64 | 706.21 | 775.69 | 757.75 | 756.78 | 893.08 | 1,034.31 |
Average Common Equity |
226.99 | 300.98 | 350.77 | 372.40 | 395.64 | 420.60 | 362.92 | 328.65 | 422.65 | 519.13 |
Columns are period end dates