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Employees: 1,136
Size Qt Group Plc (QTCOM.HE) is a Finland Information Technology company (Packaged Software) with a market value of $887M, the 38th largest of 65 Finland companies the cockpit tracks. Shares closed at €31.42 on 6 Nov 2026.
Performance Over six months the shares gained 62.0%, against -3.5% for the median peer and -2.9% for the Finland market (cap-weighted) — highest of 20 in its peer set.
Growth Revenue grew 16.9% over the last twelve months (peer median +21.1%); the operating margin is 16.3% (peer median 4.6%).
Valuation It trades at 26.8× forward earnings against a peer median of 25.4× (7th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.8 points above its cost of capital (10.1% WACC).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | €243M | €216M | €209M | €181M | €155M |
| Revenue growth | — | +3% | +16% | +16% | — |
| Gross profit | €81.7M | €72.0M | €87.1M | €77.3M | €65.2M |
| EBITDA | €58.2M | €55.3M | €74.6M | €58.2M | €45.4M |
| Net income | €22.4M | €31.8M | €57.3M | €35.5M | €34.3M |
| Free cash flow | €35.7M | €39.1M | €52.4M | €39.2M | -€5.09M |
| Capital expenditure | €1.69M | €1.11M | €1.25M | €807,000 | €1.19M |
| Total debt | €127M | €143M | €4.32M | €20.5M | €28.2M |
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.
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 | QTCOM.HE | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -5.9% | -0.3% | 7th lowest of 21 |
| 6-month return | +62.0% | -3.5% | highest of 20 |
| Distance from 52-week high | -16.8% | -40.1% | 5th highest of 21 |
| Revenue growth (TTM) | +16.9% | +21.1% | 9th lowest of 21 |
| Operating margin | 16.3% | 4.6% | 5th highest of 21 |
| Forward P/E | 26.8× | 25.4× | 7th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 16.4% | 8.6% | 5th most demanding of 13 |
| Growth delivered (Del g) | +22.2% | +15.0% | 5th highest of 13 |
| Hurdle (Req g minus delivered) | -5.7 pp | -17.0 pp | 5th most demanding of 13 |
| ROIC minus cost of capital | +0.8 pp | -3.7 pp | 8th highest of 20 |
| EV / EBITDA | 14.9× | 16.8× | 5th cheapest of 10 |
| Net debt / EBITDA | 1.3× | -0.7× | 3rd most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Qt Group Plc QTCOM.HE | Finland | $887M | +62% | +17% | 16% | 26.8× | 16.4% | +22.2% |
| HealthStream HSTM | United States | $884M | +21% | +10% | 8% | 38.7× | 14.6% | +4.4% |
| Timee 215A.T | Japan | $878M | +9% | +56% | 18% | 21.0× | 0.0% | +89.1% |
| Beijing Shenzhou Aerospace Software Technology 688562.SS | China | $878M | -21% | +24% | -5% | n/a | n/a | n/a |
| Montnets Cloud Technology 002123.SZ | China | $875M | -21% | -30% | -11% | 22.8× | n/a | n/a |
| BlackSky Technology BKSY | United States | $873M | -46% | +4% | -43% | n/a | n/a | n/a |
| Frequentis FQT.DE | Germany | $870M | -15% | +34% | 9% | 19.0× | -7.6% | +14.1% |
| Rastar 300043.SZ | China | $870M | -20% | -43% | 20% | n/a | 10.6% | +3.7% |
| Appier 4180.T | Japan | $869M | +50% | +28% | 7% | 30.7× | 19.5% | +37.3% |
| Shenzhen Farben Information Technology 300925.SZ | China | $867M | -27% | +22% | 1% | 45.7× | n/a | n/a |
| RateGain Travel Technologies RATEGAIN.NS | India | $910M | +15% | +114% | 15% | 22.9× | 32.4% | +48.7% |
| Cybozu 4776.T | Japan | $862M | +43% | +20% | 27% | 16.8× | -2.8% | +19.0% |
| Tier IV 593A.T | Japan | $913M | n/a | +66% | -164% | n/a | n/a | n/a |
| Fujian Boss Software 300525.SZ | China | $861M | -24% | -5% | 8% | 26.4× | 5.4% | +12.1% |
| N-able NABL | United States | $914M | -1% | +10% | 3% | 11.6× | 26.5% | +10.9% |
| Asiainfo Security Technologies 688225.SS | China | $917M | -4% | -4% | -7% | 89.9× | n/a | n/a |
| Beijing Global Safety Technology 300523.SZ | China | $855M | -14% | +29% | -11% | 34.9× | n/a | n/a |
| Viant Technology DSP | United States | $854M | +7% | +22% | 36% | 50.8× | -4.6% | +15.8% |
| Dmall 2586.HK | Hong Kong | $922M | +8% | +19% | 7% | 25.2× | 6.6% | +34.6% |
| Youon Technology 603776.SS | China | $852M | +3% | +34% | -28% | n/a | 16.7% | -14.0% |
| Beijing eGOVA 300075.SZ | China | $851M | -29% | -5% | -102% | 25.4× | n/a | n/a |