OSPN
OneSpan Inc.
Software - Infrastructure
Market Cap$458M
5Y Perf.-23.8%
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Stock Comparison
OSPN vs QLYS vs TENB vs SAIL vs CYBR
Revenue, margins, valuation, and 5-year total return — side by side.
QLYS
Qualys, Inc.
Software - Infrastructure
Market Cap$3.32B
5Y Perf.-28.3%
TENB
Tenable Holdings, Inc.
Software - Infrastructure
Market Cap$2.50B
5Y Perf.-42.8%
SAIL
SailPoint, Inc.
Software - Infrastructure
Market Cap$6.87B
5Y Perf.-49.0%
CYBR
CyberArk Software Ltd.
Software - Infrastructure
Market Cap$20.64B
5Y Perf.+18.4%
OSPN vs QLYS vs TENB vs SAIL vs CYBR — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | OSPN | QLYS | TENB | SAIL | CYBR |
|---|---|---|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure | Software - Infrastructure | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $458M | $3.32B | $2.50B | $6.87B | $20.64B |
| Revenue (TTM) | $246M | $685M | $1.02B | $1.02B | $1.36B |
| Net Income (TTM) | $70M | $201M | $-12M | $-297M | $-147M |
| Gross Margin | 70.5% | 83.1% | 78.2% | 66.0% | 74.3% |
| Operating Margin | 19.4% | 33.7% | 2.9% | -16.4% | -7.7% |
| Forward P/E | 10.1x | 12.4x | 11.2x | — | 81.9x |
| Total Debt | $6M | $97M | $466M | $1.05B | $1.22B |
| Cash & Equiv. | $70M | $250M | $188M | $121M | $623M |
OSPN vs QLYS vs TENB vs SAIL vs CYBR — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
OSPN
QLYS
TENB
SAIL
CYBR
| Stock | Feb 25 | May 26 | Return |
|---|---|---|---|
| OneSpan Inc. (OSPN) | 100 | 76.2 | -23.8% |
| Qualys, Inc. (QLYS) | 100 | 71.7 | -28.3% |
| Tenable Holdings, I… (TENB) | 100 | 57.2 | -42.8% |
| SailPoint, Inc. (SAIL) | 100 | 51.0 | -49.0% |
| CyberArk Software L… (CYBR) | 100 | 118.4 | +18.4% |
Price return only. Dividends and distributions are not included.
Quick Verdict: OSPN vs QLYS vs TENB vs SAIL vs CYBR
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: QLYS leads in 3 of 7 categories (5-stock set), making it the strongest pick for profitability and margin quality and capital preservation and lower volatility. OneSpan Inc. is the stronger pick specifically for valuation and capital efficiency and dividend income and shareholder returns. CYBR also leads in specific categories worth noting. As sector peers, any of these can serve as alternatives in the same allocation.
OSPN
OneSpan Inc.
The Value Play
OSPN is the #2 pick in this set and the best alternative if value and dividends is your priority.
- Lower P/E (10.1x vs 81.9x)
- 3.9% yield; 2-year raise streak; the other 4 pay no meaningful dividend
Best for: value and dividends
QLYS
Qualys, Inc.
The Income Pick
QLYS carries the broadest edge in this set and is the clearest fit for income & stability and sleep-well-at-night.
- beta 0.46
- Lower volatility, beta 0.46, Low D/E 17.3%, current ratio 1.41x
- 29.4% margin vs SAIL's -29.2%
- Beta 0.46 vs SAIL's 1.66
Best for: income & stability and sleep-well-at-night
TENB
Tenable Holdings, Inc.
The Value Angle
TENB lags the leaders in this set but could rank higher in a more targeted comparison.
Best for: technology exposure
SAIL
SailPoint, Inc.
The Growth Play
SAIL is the clearest fit if your priority is growth exposure.
- Rev growth 23.2%, EPS growth 72.0%, 3Y rev CAGR 33.1%
Best for: growth exposure
CYBR
CyberArk Software Ltd.
The Long-Run Compounder
CYBR ranks third and is worth considering specifically for long-term compounding and defensive.
- 9.0% 10Y total return vs QLYS's 264.7%
- Beta 0.93, current ratio 2.00x
- 36.0% revenue growth vs OSPN's 0.0%
- +12.2% vs SAIL's -34.9%
Best for: long-term compounding and defensive
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CYBR | 36.0% revenue growth vs OSPN's 0.0% |
| Value | OSPN | Lower P/E (10.1x vs 81.9x) |
| Quality / Margins | QLYS | 29.4% margin vs SAIL's -29.2% |
| Stability / Safety | QLYS | Beta 0.46 vs SAIL's 1.66 |
| Dividends | OSPN | 3.9% yield; 2-year raise streak; the other 4 pay no meaningful dividend |
| Momentum (1Y) | CYBR | +12.2% vs SAIL's -34.9% |
| Efficiency (ROA) | QLYS | 19.1% ROA vs SAIL's -4.0% |
OSPN vs QLYS vs TENB vs SAIL vs CYBR — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2025
FY 2025
FY 2025
FY 2022
FY 2024
OSPN vs QLYS vs TENB vs SAIL vs CYBR — Financial Metrics
Side-by-side numbers across 5 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLQLYSLAGGINGSAIL
Who Leads Where
QLYS leads in 2 of 6 categories
OSPN leads 1 • CYBR leads 1 • TENB leads 0 • SAIL leads 0 • 1 tied
Explore the data ↓SAILSailPoint, Inc.
0leads
TENBTenable Holdings, Inc.
0leads
CYBRCyberArk Software Ltd.
1leads
OSPNOneSpan Inc.
1leads
QLYSQualys, Inc.
2leads
6 Total Categories
CATEGORYLEADERvs OSPNvs CYBRMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
QLYS4/6
Valuation MetricsMultiples, price ratios, and targets
OSPN5/6
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
QLYS6/9
Total Returns1Y, 3Y, 5Y total returns with dividends
CYBR5/6
Risk & VolatilityBeta, volatility, and downside exposure
Tied
—
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
QLYS leads this category, winning 4 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
CYBR is the larger business by revenue, generating $1.4B annually — 5.5x OSPN's $246M. QLYS is the more profitable business, keeping 29.4% of every revenue dollar as net income compared to SAIL's -29.2%. On growth, SAIL holds the edge at +19.8% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| RevenueTrailing 12 months | $246M | $685M | $1.0B | $1.0B | $1.4B |
| EBITDAEarnings before interest/tax | $57M | $241M | $72M | $42M | $23M |
| Net IncomeAfter-tax profit | $70M | $201M | -$12M | -$297M | -$147M |
| Free Cash FlowCash after capex | $47M | $290M | $263M | $6M | $259M |
| Gross MarginGross profit ÷ Revenue | +70.5% | +83.1% | +78.2% | +66.0% | +74.3% |
| Operating MarginEBIT ÷ Revenue | +19.4% | +33.7% | +2.9% | -16.4% | -7.7% |
| Net MarginNet income ÷ Revenue | +28.5% | +29.4% | -1.2% | -29.2% | -10.8% |
| FCF MarginFCF ÷ Revenue | +19.0% | +42.4% | +25.7% | +0.6% | +19.0% |
| Rev. Growth (YoY)Latest quarter vs prior year | +4.1% | +9.8% | +9.6% | +19.8% | +18.5% |
| EPS Growth (YoY)Latest quarter vs prior year | -18.9% | +10.1% | +106.3% | +85.4% | +83.2% |
QLYS leads this category, winning 4 of 6 comparable metrics.
Valuation Metrics
OSPN leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
At 6.4x trailing earnings, OSPN trades at a 63% valuation discount to QLYS's 17.3x P/E. On an enterprise value basis, OSPN's 6.0x EV/EBITDA is more attractive than CYBR's 908.2x.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| Market CapShares × price | $458M | $3.3B | $2.5B | $6.9B | $20.6B |
| Enterprise ValueMkt cap + debt − cash | $394M | $3.2B | $2.8B | $7.8B | $21.2B |
| Trailing P/EPrice ÷ TTM EPS | 6.44x | 17.33x | -72.76x | -6.18x | -139.54x |
| Forward P/EPrice ÷ next-FY EPS est. | 10.06x | 12.43x | 11.18x | — | 81.87x |
| PEG RatioP/E ÷ EPS growth rate | — | 0.89x | — | — | — |
| EV / EBITDAEnterprise value multiple | 6.05x | 13.40x | 64.37x | 160.66x | 908.21x |
| Price / SalesMarket cap ÷ Revenue | 1.88x | 4.96x | 2.50x | 7.97x | 15.16x |
| Price / BookPrice ÷ Book value/share | 1.73x | 6.12x | 8.03x | — | 8.54x |
| Price / FCFMarket cap ÷ FCF | 9.07x | 10.91x | 9.82x | — | 79.60x |
OSPN leads this category, winning 5 of 6 comparable metrics.
Profitability & Efficiency
QLYS leads this category, winning 6 of 9 comparable metrics.
Profitability & Efficiency
QLYS delivers a 37.2% return on equity — every $100 of shareholder capital generates $37 in annual profit, vs $-8 for SAIL. OSPN carries lower financial leverage with a 0.02x debt-to-equity ratio, signaling a more conservative balance sheet compared to TENB's 1.43x. On the Piotroski fundamental quality scale (0–9), QLYS scores 6/9 vs CYBR's 3/9, reflecting solid financial health.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| ROE (TTM)Return on equity | +27.3% | +37.2% | -3.7% | -8.0% | -6.1% |
| ROA (TTM)Return on assets | +18.9% | +19.1% | -0.7% | -4.0% | -3.0% |
| ROICReturn on invested capital | +21.7% | +47.5% | +0.2% | — | -3.2% |
| ROCEReturn on capital employed | +19.6% | +37.8% | +0.1% | -2.7% | -3.3% |
| Piotroski ScoreFundamental quality 0–9 | 5 | 6 | 5 | 5 | 3 |
| Debt / EquityFinancial leverage | 0.02x | 0.17x | 1.43x | — | 0.51x |
| Net DebtTotal debt minus cash | -$64M | -$153M | $278M | $926M | $599M |
| Cash & Equiv.Liquid assets | $70M | $250M | $188M | $121M | $623M |
| Total DebtShort + long-term debt | $6M | $97M | $466M | $1.0B | $1.2B |
| Interest CoverageEBIT ÷ Interest expense | 1656.95x | — | 1.02x | -0.91x | — |
QLYS leads this category, winning 6 of 9 comparable metrics.
Total Returns (Dividends Reinvested)
CYBR leads this category, winning 5 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CYBR five years ago would be worth $34,142 today (with dividends reinvested), compared to $5,190 for OSPN. Over the past 12 months, CYBR leads with a +12.2% total return vs SAIL's -34.9%. The 3-year compound annual growth rate (CAGR) favors CYBR at 43.4% vs SAIL's -17.8% — a key indicator of consistent wealth creation.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| YTD ReturnYear-to-date | +0.6% | -28.0% | -4.0% | -35.5% | -6.1% |
| 1-Year ReturnPast 12 months | -18.1% | -29.4% | -31.8% | -34.9% | +12.2% |
| 3-Year ReturnCumulative with dividends | -6.4% | -18.2% | -40.3% | -44.4% | +194.8% |
| 5-Year ReturnCumulative with dividends | -48.1% | -6.4% | -41.6% | -44.4% | +241.4% |
| 10-Year ReturnCumulative with dividends | -21.2% | +264.7% | -27.8% | -44.4% | +901.8% |
| CAGR (3Y)Annualised 3-year return | -2.2% | -6.5% | -15.8% | -17.8% | +43.4% |
CYBR leads this category, winning 5 of 6 comparable metrics.
Risk & Volatility
Evenly matched — QLYS and CYBR each lead in 1 of 2 comparable metrics.
Risk & Volatility
QLYS is the less volatile stock with a 0.46 beta — it tends to amplify market swings less than SAIL's 1.66 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CYBR currently trades 77.7% from its 52-week high vs SAIL's 49.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.20x | 0.46x | 1.14x | 1.66x | 0.93x |
| 52-Week HighHighest price in past year | $18.13 | $155.47 | $35.69 | $24.95 | $526.19 |
| 52-Week LowLowest price in past year | $10.07 | $74.51 | $15.73 | $10.30 | $347.12 |
| % of 52W HighCurrent price vs 52-week peak | +67.5% | +60.6% | +61.2% | +49.0% | +77.7% |
| RSI (14)Momentum oscillator 0–100 | 67.2 | 60.0 | 62.3 | 50.3 | 38.9 |
| Avg Volume (50D)Average daily shares traded | 602K | 772K | 3.0M | 3.0M | 0 |
Evenly matched — QLYS and CYBR each lead in 1 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Analyst consensus: OSPN as "Buy", QLYS as "Hold", TENB as "Buy", SAIL as "Buy", CYBR as "Buy". Consensus price targets imply 75.8% upside for SAIL (target: $22) vs 9.2% for QLYS (target: $103). OSPN is the only dividend payer here at 3.92% yield — a key consideration for income-focused portfolios.
| Metric | OSPNOneSpan Inc. | QLYSQualys, Inc. | TENBTenable Holdings,… | SAILSailPoint, Inc. | CYBRCyberArk Software… |
|---|---|---|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Hold | Buy | Buy | Buy |
| Price TargetConsensus 12-month target | $15.50 | $103.00 | $27.94 | $21.50 | $459.00 |
| # AnalystsCovering analysts | 15 | 48 | 28 | 32 | 49 |
| Dividend YieldAnnual dividend ÷ price | +3.9% | — | — | — | — |
| Dividend StreakConsecutive years of raises | 2 | — | — | — | — |
| Dividend / ShareAnnual DPS | $0.48 | — | — | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +2.9% | +5.5% | +9.9% | +0.1% | +0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
QLYS leads in 2 of 6 categories (Income & Cash Flow, Profitability & Efficiency). OSPN leads in 1 (Valuation Metrics). 1 tied.
Best OverallQualys, Inc. (QLYS)Leads 2 of 6 categories
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OSPN vs QLYS vs TENB vs SAIL vs CYBR: Key Questions Answered
10 questions · data-driven answers · updated daily
01Is OSPN or QLYS or TENB or SAIL or CYBR a better buy right now?
For growth investors, CyberArk Software Ltd.
(CYBR) is the stronger pick with 36. 0% revenue growth year-over-year, versus 0. 0% for OneSpan Inc. (OSPN). OneSpan Inc. (OSPN) offers the better valuation at 6. 4x trailing P/E (10. 1x forward), making it the more compelling value choice. Analysts rate OneSpan Inc. (OSPN) a "Buy" — based on 15 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which has the better valuation — OSPN or QLYS or TENB or SAIL or CYBR?
On trailing P/E, OneSpan Inc.
(OSPN) is the cheapest at 6. 4x versus Qualys, Inc. at 17. 3x. On forward P/E, OneSpan Inc. is actually cheaper at 10. 1x.
03Which is the better long-term investment — OSPN or QLYS or TENB or SAIL or CYBR?
Over the past 5 years, CyberArk Software Ltd.
(CYBR) delivered a total return of +241. 4%, compared to -48. 1% for OneSpan Inc. (OSPN). Over 10 years, the gap is even starker: CYBR returned +901. 8% versus SAIL's -44. 4%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
04Which is safer — OSPN or QLYS or TENB or SAIL or CYBR?
By beta (market sensitivity over 5 years), Qualys, Inc.
(QLYS) is the lower-risk stock at 0. 46β versus SailPoint, Inc. 's 1. 66β — meaning SAIL is approximately 260% more volatile than QLYS relative to the S&P 500. On balance sheet safety, OneSpan Inc. (OSPN) carries a lower debt/equity ratio of 2% versus 143% for Tenable Holdings, Inc. — giving it more financial flexibility in a downturn.
05Which is growing faster — OSPN or QLYS or TENB or SAIL or CYBR?
By revenue growth (latest reported year), CyberArk Software Ltd.
(CYBR) is pulling ahead at 36. 0% versus 0. 0% for OneSpan Inc. (OSPN). On earnings-per-share growth, the picture is similar: SailPoint, Inc. grew EPS 72. 0% year-over-year, compared to -38. 2% for CyberArk Software Ltd.. Over a 3-year CAGR, SAIL leads at 33. 1% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
06Which has better profit margins — OSPN or QLYS or TENB or SAIL or CYBR?
OneSpan Inc.
(OSPN) is the more profitable company, earning 30. 0% net margin versus -36. 7% for SailPoint, Inc. — meaning it keeps 30. 0% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: QLYS leads at 33. 2% versus -21. 9% for SAIL. At the gross margin level — before operating expenses — QLYS leads at 82. 8%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
07Is OSPN or QLYS or TENB or SAIL or CYBR more undervalued right now?
On forward earnings alone, OneSpan Inc.
(OSPN) trades at 10. 1x forward P/E versus 81. 9x for CyberArk Software Ltd. — 71. 8x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for SAIL: 75. 8% to $21. 50.
08Which pays a better dividend — OSPN or QLYS or TENB or SAIL or CYBR?
In this comparison, OSPN (3.
9% yield) pays a dividend. QLYS, TENB, SAIL, CYBR do not pay a meaningful dividend and should not be held primarily for income.
09Is OSPN or QLYS or TENB or SAIL or CYBR better for a retirement portfolio?
For long-horizon retirement investors, CyberArk Software Ltd.
(CYBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 93), +901. 8% 10Y return). SailPoint, Inc. (SAIL) carries a higher beta of 1. 66 — meaning larger drawdowns in market downturns, which matters significantly when you cannot wait years for a recovery. Both have compounded well over 10 years (CYBR: +901. 8%, SAIL: -44. 4%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
10What are the main differences between OSPN and QLYS and TENB and SAIL and CYBR?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
In terms of investment character: OSPN is a small-cap deep-value stock; QLYS is a small-cap deep-value stock; TENB is a small-cap quality compounder stock; SAIL is a small-cap high-growth stock; CYBR is a mid-cap high-growth stock. OSPN pays a dividend while QLYS, TENB, SAIL, CYBR do not, making them suitable for different income and tax situations. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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Revenue Growth>
%
(OSPN: 4.1% · QLYS: 9.8%)Net Margin>
%
(OSPN: 28.5% · QLYS: 29.4%)P/E Ratio<
x
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