Qualys, Inc. (QLYS) vs SentinelOne, Inc. (S)

Qualys, Inc. and SentinelOne, Inc. are both Software Infrastructure companies. SentinelOne, Inc. is the larger, with a market value of $8.4B against $6.3B — 1.3× the size. SentinelOne, Inc. has negative trailing earnings, so its P/E is not meaningful; Qualys, Inc. trades at 29.7×. SentinelOne, Inc. grew revenue faster over the last twelve months: 21.1% against 10.4%. Qualys, Inc. has the higher net margin (29.4% vs −31.0%) and the higher return on invested capital (111.1% vs −25.5%). Across the 19 metrics below, Qualys, Inc. leads on 13 and SentinelOne, Inc. on 6.

Valuation

Metric QLYS S Software Infrastructure median
P/E 29.70 n/m 28.02
P/S 8.57 6.96 3.07
P/B 10.72 5.28 3.36
Price to free cash flow 19.82 247.70 17.12
EV/EBITDA 22.25 n/m 14.91
EV/Sales 7.97 6.38 3.03
Earnings yield 3.37% (4.51%) 0.13%
Free cash flow yield 5.05% 0.40% 1.15%

Profitability

Metric QLYS S Software Infrastructure median
Gross margin 83.33% 72.54% 61.23%
Operating margin 34.36% (29.46%) 0.00%
Net margin 29.38% (30.95%) 0.00%
Free cash flow margin 44.66% 2.81% 1.67%
Return on equity 38.59% (23.01%) 0.59%
Return on assets 19.92% (14.37%) 0.00%
Return on invested capital 111.08% (25.50%) 0.00%

Growth

Metric QLYS S Software Infrastructure median
Revenue growth (TTM) 10.35% 21.09% 13.41%
EPS growth (last fiscal year) 16.99% (48.91%) —
Revenue growth, 5-year CAGR 13.01% 60.83% 15.81%
Net income growth, 5-year CAGR 16.71% 0.00% 0.00%

Health

Metric QLYS S Software Infrastructure median
Debt to equity 0.00 0.00 0.06
Current ratio 1.38 1.45 1.55
Net debt to EBITDA (1.91) 3.34 0.08

Dividend

Metric QLYS S Software Infrastructure median
Dividend yield — — 1.53%
Payout ratio 0.00 0.00 0.00

Size

Metric QLYS S Software Infrastructure median
Market cap 6.33b 8.36b 835.96m

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