Qualys, Inc.
Rank #76HypergrowthQLYS · Nasdaq · Technology
Qualys, Inc. (QLYS) — Rank #76 by gross profitability (GP/assets 0.52) · ROE 35.3% · Piotroski F-Score 7 / 9.
As-of 2026-09-15 · CIK 0001107843 · all metrics point-in-time as of the filing date.
About
Qualys, Inc. provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally.
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The company provides Qualys Cloud Apps, which include cybersecurity asset management; enterprise TruRisk management; vulnerability management, detection, and response; total application security; patch management; custom assessment and remediation; multi-vector endpoint detection and response; policy audit; and file integrity monitoring. It offers TotalCloud, a cloud-native application protection platform, which include cloud workload protection, cloud detection and response, cloud security posture management, infrastructure as code, SaaS security posture management, cloud infrastructure and entitlement management, and Kubernetes and container security. In addition, the company markets and sells IT, security, and compliance solutions; offers Qualys' Enterprise TruRisk platform that enables customers to identify and manage IT and operational technology assets; collect and analyze IT security data; discover and prioritize vulnerabilities; quantify cyber risk exposure; recommend and implement remediation actions; and verify the implementation of such actions. Further, it offers asset tagging and management; reporting and dashboards; questionnaires and collaboration; remediation and workflow; big data correlation and analytics engine; and alerts and notifications. The company offers its solutions to enterprises, government entities, and small and medium-sized businesses in various industries, including education, financial services, government, healthcare, insurance, manufacturing, media, retail, technology, and utilities through its sales teams, as well as through security consulting organizations, managed service providers, resellers, cloud providers, and consulting firms. Qualys, Inc.
was incorporated in 1999 and is headquartered in Foster City, California.
- Industry
- Software - Infrastructure
- Sector
- Technology
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- December 31
- Website
- qualys.com
Price History
Company Snapshot
P/S is the primary valuation lens — earnings are reinvested, not available for P/E.
Market Cap
$6.41B
P/E (annual)
33.5
P/S (annual)
9.6
P/B
11.4
P/OCF (annual)
20.7
Shareholder Yield
13.0%
Employees
2,718
Industry
Software - Infrastructure
Exchange
Nasdaq
Signal Flags
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passTerry Smith quality gate
Passes 4/5 Terry Smith thresholds1 of 5 threshold not computable from filed data.
What Growth Is Priced In
Implied revenue growth (10Y)
8.9%
The annual FCF growth rate today's price requires over a 10-year horizon (discount rate 10%, terminal growth 2.5%).
Buyback tailwind: -13.0% — per-share value needs a total required return of -4.1% once share-count change is priced in.
vs. own 6-year median revenue growth: 20.6%
within its own historyCost-of-equity sensitivity (implied growth at different discount rates)
r = 8%
4.5%
r = 10% (base)
8.9%
r = 12%
12.7%
Net debt / market cap: -3.8%
Note: current FCF margin is 1.7σ above its historical mean — implied growth may understate valuation risk if the margin reverts.
Valuation History
Current multiple vs historical range at each filing date. Band spans 25th-75th percentile.
P / E
Price / diluted EPS
P / S
Price / revenue per share
P / B
Price / book value per share
P / GP
Price / gross profit per share
P / FCF
Price / free cash flow per share
Earnings bubble check
Current margins may be above sustainable levels — a P/E based on peak earnings can overstate cheapness.
Disclosure regression check
A previously-disclosed line item is no longer reported. Worth checking the filing for why.
Revenue growth and the path to profitability (margin trend) are the primary reads at this stage.
Profitability
Gross profitability (GP / assets)
0.52
Primary signal (Novy-Marx).
76th pctl of 38 SIC 7372 peers
Return on equity
35.3%
Gross margin
82.8%
89th pctl of 38 SIC 7372 peers
Revenue growth (YoY)
139.9%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|
| Revenue vs COGS | ||||
| Revenue vs OpEx | ||||
| Op. Income vs Revenue |
Growth
Revenue CAGR (3Y)
—
Revenue CAGR (5Y)
—
Earnings CAGR (3Y)
22.5%
FCF CAGR (3Y)
—
Anti-fragile safety
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.91
34th pctl of 33 SIC 7372 peers (best = lowest)
Current ratio
1.38×
24th pctl of 38 SIC 7372 peers
Quick ratio
0.87×
Net cash
$250.29M
Cash & equivalents minus total debt.
Cash-flow health
Free cash flow
$304.41M
Operating cash flow minus capex.
Positive free cash flow
FCF / net income
0.53
Cash-backing of earnings.
FCF/NI divergence
Unfavorable divergence (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
11.5%
Stock-based comp intensity.
Piotroski F-Score
F-Score
7 / 9
Fundamental-strength score (0-9).