Box, Inc. (BOX) vs Qualys, Inc. (QLYS)

Box, Inc. and Qualys, Inc. are both Software Infrastructure companies. Qualys, Inc. is the larger, with a market value of $6.7B against $5.4B — 1.2× the size. Qualys, Inc. trades at the lower P/E: 31.2× against 54.9×. Qualys, Inc. grew revenue faster over the last twelve months: 10.4% against 9.63%. Qualys, Inc. has the higher net margin (29.4% vs 8.14%) and the higher return on invested capital (111.1% vs 0.00%). Across the 21 metrics below, Qualys, Inc. leads on 16 and Box, Inc. on 5.

Valuation

Metric BOX QLYS Software Infrastructure median
P/E 54.94 31.19 28.38
P/S 4.40 9.00 2.98
P/B n/m 11.26 2.93
Price to free cash flow 15.54 20.81 16.28
EV/EBITDA 27.21 23.45 13.92
EV/Sales 4.58 8.40 2.90
Earnings yield 1.82% 3.21% 0.14%
Free cash flow yield 6.43% 4.80% 1.24%

Profitability

Metric BOX QLYS Software Infrastructure median
Gross margin 79.55% 83.33% 61.00%
Operating margin 9.43% 34.36% 0.00%
Net margin 8.14% 29.38% 0.00%
Free cash flow margin 28.36% 44.66% 1.67%
Return on equity (32.39%) 38.59% 0.60%
Return on assets 6.64% 19.92% 0.00%
Return on invested capital 0.00% 111.08% 0.00%

Growth

Metric BOX QLYS Software Infrastructure median
Revenue growth (TTM) 9.63% 10.35% 13.41%
EPS growth (last fiscal year) (57.35%) 16.99% 27.10%
Revenue growth, 5-year CAGR 8.84% 13.01% 15.57%
Net income growth, 5-year CAGR 0.00% 16.71% 0.00%

Health

Metric BOX QLYS Software Infrastructure median
Debt to equity (1.29) 0.00 0.05
Current ratio 1.06 1.38 1.55
Net debt to EBITDA (0.16) (1.91) 0.08

Dividend

Metric BOX QLYS Software Infrastructure median
Dividend yield — — 1.20%
Payout ratio — — 0.29

Size

Metric BOX QLYS Software Infrastructure median
Market cap 5.42b 6.66b 752.37m

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