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US cloud security company providing vulnerability management and compliance scanning software for enterprise IT assets.
US cloud security company providing vulnerability management and compliance scanning software for enterprise IT assets.
Sells annual subscriptions to a cloud platform priced by the number of assets covered and the modules switched on, so growth comes from customers adding modules and covering more machines. Its sensors, called agents, sit on customers' computers and servers and report to the cloud, which makes the service harder to remove. Partners resell it to extend reach.
Moat: narrow (switching costs, installed base, data). Long-running vulnerability scan history and compliance workflows create switching costs once deployed at scale.
Headquarters: Foster City, California, US · Founded: 1999 · Employees: 2,625
Size Qualys (QLYS) is a United States Information Technology company (Packaged Software) with a market value of $6.59B, the 991st largest of 3,117 United States companies the cockpit tracks. Shares closed at $190.41 on 6 Nov 2026.
Performance Over six months the shares gained 102.0%, against +7.0% for the median peer and -1.1% for the United States market (cap-weighted) — highest of 21 in its peer set.
Growth Revenue grew 10.7% over the last twelve months (peer median +10.9%); the operating margin is 35.0% (peer median 10.1%).
Valuation It trades at 23.7× forward earnings against a peer median of 24.9× (10th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 5% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -8 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 95.6 points above its cost of capital (7.5% WACC).
Backlog Backlog (remaining performance obligations) was $500M at 30 Jun 2026, up 15% on a year earlier — 0.7 years of trailing revenue. Backlog detail →
Short interest Short interest is 9.3% of the free float (15 Oct 2026).
Next results Next results expected around 9 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $705M | $669M | $609M | $551M | $488M |
| Revenue growth | — | +10% | +10% | +13% | — |
| Gross profit | $589M | $555M | $497M | $444M | $385M |
| EBITDA | $260M | $238M | $207M | $188M | $164M |
| Net income | $207M | $198M | $174M | $152M | $108M |
| Free cash flow | $314M | $304M | $232M | $236M | $183M |
| Capital expenditure | $6.99M | $4.99M | $12.3M | $8.79M | $24.0M |
| Total debt | $53.4M | $52.3M | $47.2M | $28.7M | $42.2M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Qualys QLYS | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% |
| Tenable TENB | $4.40B | +93% | +10% | 5% | 17.8× | 30.1% |
| Rapid7 RPD | $989M | +113% | 0% | 2% | 7.7× | 21.4% |
| CrowdStrike CRWD | $222B | +64% | +24% | -1% | 153.6× | 52.4% |
| Palo Alto Networks PANW | $257B | +51% | +24% | 5% | 75.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | QLYS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.8% | +4.3% | 8th lowest of 21 |
| 6-month return | +102.0% | +7.0% | highest of 21 |
| Distance from 52-week high | -19.2% | -26.4% | 9th highest of 21 |
| Revenue growth (TTM) | +10.7% | +10.9% | 11th highest of 21 |
| Operating margin | 35.0% | 10.1% | 4th highest of 21 |
| Forward P/E | 23.7× | 24.9× | 10th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 4.7% | 11.4% | 5th least demanding of 17 |
| Growth delivered (Del g) | +13.1% | +12.7% | 9th highest of 17 |
| Hurdle (Req g minus delivered) | -8.3 pp | -1.7 pp | 5th least demanding of 17 |
| ROIC minus cost of capital | +95.6 pp | +3.2 pp | highest of 18 |
| EV / EBITDA | 23.9× | 14.8× | 5th most expensive of 14 |
| Net debt / EBITDA | -1.4× | -1.3× | 8th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |
| Commvault Systems CVLT | United States | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% | +10.3% |
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| International Games System 3293.TWO | Taiwan | $6.27B | 0% | +15% | 59% | 14.4× | -4.0% | +21.2% |
| Navan NAVN | United States | $6.25B | +36% | +35% | -25% | 76.3× | n/a | n/a |
| SenseTime 0020.HK | Hong Kong | $6.25B | -44% | +31% | -51% | n/a | n/a | n/a |
| Topicus.com TOI.V | Canada | $6.25B | +9% | +28% | 15% | 21.3× | 0.7% | +26.5% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
| ACI Worldwide ACIW | United States | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% | +6.3% |
| Hundsun Technologies 600570.SS | China | $6.05B | -20% | -5% | 9% | 30.1× | 34.8% | +7.0% |
| NIQ Global Intelligence NIQ | United States | $6.02B | +5% | +9% | 8% | 17.1× | 10.9% | +14.6% |
| Shanghai Baosight Software 600845.SS | China | $5.97B | -24% | +11% | 10% | 30.3× | 6.9% | +1.4% |
| Kunlun Tech 300418.SZ | China | $7.33B | -21% | +48% | -21% | 1,291.3× | n/a | n/a |
| InterDigital IDCC | United States | $7.35B | +2% | -12% | 45% | 41.4× | 13.4% | +18.4% |
Qualys reported $500M of remaining performance obligations at 30 Jun 2026, up 15% from a year earlier and up 7% from the previous quarter. That is 0.7 years of trailing revenue already under contract. Book-to-bill last quarter: 1.18.