A Business at a Glance
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QUALYS, INC.
QLYS
$5.0B
Mkt Cap
$137.48
+2.80%
QUALYS, INC. (QLYS) has a current P/E ratio of 25.3, compared to its historical median P/E of 52.6. The stock is currently considered Cheap based on its historical valuation range.
QUALYS, INC. (QLYS) has a 5-year average return on invested capital (ROIC) of 31.7%. This indicates strong capital allocation and a potential competitive advantage.
QUALYS, INC. (QLYS) has a market capitalization of $4.9B. It is classified as a mid-cap stock.
QUALYS, INC. (QLYS) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 4.06%.
Based on historical P/E analysis, QUALYS, INC. (QLYS) appears cheap. The current P/E of 25.3 is 52% below its historical median of 52.6. The estimated fair value CAGR (P/E method) is 20.7%.
QUALYS, INC. (QLYS) operates in the Services-Prepackaged Software industry, within the Technology sector.
QUALYS, INC. (QLYS) reported annual revenue of $669 million in its most recent fiscal year, based on SEC EDGAR filings.
Qualys is a leading cloud-based platform provider delivering integrated IT, security, and compliance solutions that enable organizations to identify and manage their internal and external IT and operational technology assets across on-premises, endpoints, cloud, containers, and mobile environments; collect and analyze IT security data; discover and prioritize vulnerabilities; quantify cyber risk exposure; recommend and implement remediation actions; and verify implementation. The company's cloud platform addresses IT, security, and compliance complexities amplified by dissolving boundaries between IT infrastructures and web environments, rapid cloud adoption, and geographically dispersed IT assets, offering customers a single unified platform for IT, information security, application security, endpoint, developer security, and cloud teams. Qualys delivers its solutions through a software-as-a-service model with no hardware or infrastructure required, enabling real-time visibility across global IT and OT asset inventory, easy global scanning across distributed networks, seamless scaling of coverage and users, and up-to-date vulnerability signatures from one of the industry's largest knowledge bases. The company serves customers ranging from large global organizations to small businesses from its globally-distributed cloud platform, enabling rapid deployment and lower total cost of ownership than traditional on-premise enterprise software. Qualys' cloud platform provides unique advantages including no infrastructure to buy or manage, real-time visibility in one place accessible via web interface, easy global scanning at the perimeter and behind firewalls, seamless scaling of services, continuously updated resources, and secure multi-tiered data storage with encrypted databases.
【Platform consolidation and ETM expansion】 Management expects continued momentum in leveraging the partner ecosystem to drive growth, with 15% growth outside the U.S. anticipated to continue. The company is proactively identifying opportunities to extend QFlex to select customers and partners with a go-live date planned for later in 2026, and expects ETM adoption to drive higher net dollar expansion rates as the solution evolves into a key pillar of growth over the coming years. Management anticipates the selling environment in 2026 to remain similar to the prior year with low to mid-single-digit growth in security spend persisting, while the company continues to focus on VMDR to ETM conversion, upsells with Eliminate, and expansion in the federal vertical. The company intends to responsibly align product and marketing investments to focus on high-impact initiatives aimed at driving more pipeline, accelerating the partner program, and expanding the federal vertical, with planned increases in sales and marketing investments as a percentage of revenue and more modest increases in engineering and G&A.
| Metric | Target | Period |
|---|---|---|
| Revenue | $721 million–$727 million | FY2026 |
| EBITDA margin | mid-40s | FY2026 |
| Free cash flow margin | low 40s | FY2026 |
| EPS | $7.44–$7.65 | FY2026 |
| Capital expenditures | $8 million–$12 million | FY2026 |
Revenue (FY2026): “For the full year 2026, we now expect revenues to be in the range of $721 million-$727 million, which represents a growth rate of 8%-9%.”
EBITDA margin (FY2026): “For the full year 2026, we expect EBITDA margin to be in the mid-40s, implying mid-10s increase in operating expenses and free cash flow margin in the low 40s.”
Free cash flow margin (FY2026): “For the full year 2026, we expect EBITDA margin to be in the mid-40s, implying mid-10s increase in operating expenses and free cash flow margin in the low 40s.”
EPS (FY2026): “We expect full year EPS to be in the range of $7.44-$7.65, up from the prior range of $7.17-$7.45.”
Capital expenditures (FY2026): “Our planned capital expenditures in 2026 are expected to be in the range of $8 million-$12 million and for the second quarter of 2026 in the range of $1.2 million-$3.2 million.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call, Q2 FY2025 Earnings Call, Q1 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 685M | 669M | 608M | 554M | 490M | 411M |
| Net Income | 201M | 198M | 174M | 152M | 108M | 71M |
| EPS | $5.63 | $5.44 | $4.65 | $4.03 | $2.74 | $1.77 |
| Free Cash Flow | 290M | 304M | 232M | 236M | 183M | 176M |
| ROIC | 86.0% | 34.4% | 36.7% | 42.1% | 29.1% | 16.5% |
| Gross Margin | 83.1% | 67.3% | 67.3% | 68.1% | 79.0% | 78.2% |
| Debt/Equity | 0.00 | 0.09 | 0.11 | 0.08 | 0.15 | 0.11 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 231M | 222M | 187M | 163M | 131M | 88M |
| Operating Margin | 33.7% | 33.2% | 30.8% | 29.4% | 26.7% | 21.3% |
| ROE | 35.3% | 38.2% | 41.1% | 46.1% | 29.8% | 16.9% |
| Shares Outstanding | 35M | 36M | 37M | 38M | 39M | 40M |
QUALYS, INC. passes 9 of 9 quality checks, indicating strong fundamentals.
QUALYS, INC. trades at 25.3x trailing earnings, compared to its 15-year median P/E of 52.6x, suggesting it is currently Cheap relative to its historical range. On a free-cash-flow basis, the stock trades at 16.1x vs a median of 28.6x. The company's 5-year average ROIC is 31.7% with a gross margin of 72.0%. Total shareholder yield (buybacks) is 4.1%. At current prices, the estimated annualized return to fair value is +16.4%.
QUALYS, INC. (QLYS) has a net profit margin of 29.6%. This is a strong margin indicating high profitability.
QUALYS, INC. (QLYS) generated $304 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
QUALYS, INC. (QLYS) has a debt-to-equity ratio of 0.09. This indicates a conservatively financed balance sheet.
QUALYS, INC. (QLYS) reported earnings per share (EPS) of $5.44 in its most recent fiscal year.
QUALYS, INC. (QLYS) has a return on equity (ROE) of 38.2%. This indicates the company generates strong returns for shareholders.
QUALYS, INC. (QLYS) has a 5-year average gross margin of 72.0%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 16 years of financial data for QUALYS, INC. (QLYS), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
QUALYS, INC. (QLYS) has a book value per share of $15.39, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued momentum in leveraging the partner ecosystem to drive growth, with 15% growth outside the U.S. anticipated to continue. The company is proactively identifying opportunities to extend QFlex to select customers and partners with a go-live date planned for later in 2026, and expects ETM adoption to drive higher net dollar expansion rates as the solution evolves into a key pillar of growth over the coming years. Management anticipates the selling environment in 2026 to remain similar to the prior year with low to mid-single-digit growth in security spend persisting, while the company continues to focus on VMDR to ETM conversion, upsells with Eliminate, and expansion in the federal vertical. The company intends to responsibly align product and marketing investments to focus on high-impact initiatives aimed at driving more pipeline, accelerating the partner program, and expanding the federal vertical, with planned increases in sales and marketing investments as a percentage of revenue and more modest increases in engineering and G&A.
Based on recent SEC filings and earnings calls, QUALYS, INC. (QLYS) has provided the following forward guidance: Revenue: $721 million–$727 million (FY2026); EBITDA margin: mid-40s (FY2026); Free cash flow margin: low 40s (FY2026); EPS: $7.44–$7.65 (FY2026); Capital expenditures: $8 million–$12 million (FY2026).