Qualys, Inc. (QLYS) Financial Ratios
16 years of historical data (2010–2025) · Technology · Software - Infrastructure
EV/EBITDA
↓
13.06
↓-57% vs avg
5yr avg: 30.42
30Y Low19.8·High66.3
P/FCF
↓
10.65
↓-58% vs avg
5yr avg: 25.31
30Y Low15.9·High72.4
P/B Ratio
↓
5.90
↓-56% vs avg
5yr avg: 13.51
30Y Low4.6·High20.0
ROE
↑
38.2%
↓+11% vs avg
5yr avg: 34.4%
30Y Low2%·High46%
Debt/EBITDA
↑
0.41
↑+43% vs avg
5yr avg: 0.29
30Y Low0.0·High0.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
QLYS Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Qualys, Inc. trades at 16.7x earnings, 62% below its 5-year average of 44.4x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 27.2x, the stock trades at a discount of 39%. On a free-cash-flow basis, the stock trades at 10.6x P/FCF, 58% below the 5-year average of 25.3x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.2B | $4.8B | $5.2B | $7.4B | $4.4B | $5.5B | $5.0B | $3.4B | $3.1B | $2.4B | $1.2B |
| Enterprise Value | $3.1B | $4.7B | $5.1B | $7.2B | $4.3B | $5.4B | $5.0B | $3.4B | $3.1B | $2.3B | $1.1B |
| P/E Ratio → | 16.70 | 24.43 | 30.15 | 48.70 | 40.96 | 77.53 | 54.41 | 49.63 | 54.55 | 58.76 | 63.30 |
| P/S Ratio | 4.84 | 7.24 | 8.62 | 13.31 | 9.02 | 13.39 | 13.71 | 10.72 | 11.23 | 10.30 | 6.14 |
| P/B Ratio | 5.90 | 8.63 | 10.98 | 20.05 | 15.27 | 12.61 | 12.30 | 8.91 | 8.75 | 6.92 | 4.70 |
| P/FCF | 10.65 | 15.91 | 22.60 | 31.30 | 25.25 | 31.46 | 33.16 | 26.72 | 30.49 | 34.06 | 27.07 |
| P/OCF | 10.47 | 15.66 | 21.46 | 30.17 | 22.21 | 27.44 | 27.63 | 21.46 | 24.50 | 22.09 | 17.83 |
P/E links to full P/E history page with 30-year chart
QLYS EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Qualys, Inc.'s enterprise value stands at 13.1x EBITDA, 57% below its 5-year average of 30.4x. The Technology sector median is 17.3x, placing the stock at a 25% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 7.01 | 8.32 | 13.00 | 8.75 | 13.17 | 13.66 | 10.61 | 11.09 | 9.93 | 5.70 |
| EV / EBITDA | 13.06 | 19.84 | 24.56 | 37.91 | 25.94 | 43.83 | 38.29 | 32.97 | 39.01 | 39.59 | 23.94 |
| EV / EBIT | 13.91 | 19.01 | 26.99 | 44.19 | 32.82 | 61.77 | 48.59 | 42.59 | 61.40 | 58.19 | 37.03 |
| EV / FCF | — | 15.41 | 21.80 | 30.56 | 24.50 | 30.96 | 33.04 | 26.45 | 30.11 | 32.82 | 25.13 |
QLYS Profitability
Margins and return-on-capital ratios measuring operating efficiency
Qualys, Inc. earns an operating margin of 33.2%. Operating margins have expanded from 29.4% to 33.2% over the past 3 years, signaling improving operational efficiency. Return on equity of 38.2% is exceptionally high. ROIC of 47.5% represents excellent returns on invested capital.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 82.8% | 82.8% | 81.7% | 80.6% | 79.0% | 78.2% | 78.2% | 78.4% | 76.3% | 77.7% | 78.5% |
| Operating Margin | 33.2% | 33.2% | 30.8% | 29.4% | 26.7% | 21.3% | 26.6% | 22.5% | 18.1% | 16.1% | 15.2% |
| Net Profit Margin | 29.6% | 29.6% | 28.6% | 27.3% | 22.1% | 17.3% | 25.2% | 21.6% | 20.5% | 17.5% | 9.7% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 38.2% | 38.2% | 41.1% | 46.1% | 29.8% | 16.9% | 23.1% | 18.6% | 16.3% | 13.4% | 8.5% |
| ROA | 19.2% | 19.2% | 19.4% | 20.0% | 14.3% | 9.1% | 13.0% | 11.0% | 10.2% | 8.6% | 5.3% |
| ROIC | 47.5% | 47.5% | 57.8% | 69.7% | 38.7% | 17.9% | 19.6% | 16.2% | 13.1% | 13.0% | 16.4% |
| ROCE | 37.8% | 37.8% | 38.7% | 42.2% | 30.4% | 17.7% | 20.7% | 17.2% | 13.2% | 11.5% | 12.3% |
QLYS Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Qualys, Inc. carries a Debt/EBITDA ratio of 0.4x, which is very conservative (86% below the sector average of 2.9x). The company holds a net cash position — cash of $250M exceeds total debt of $97M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.17 | 0.17 | 0.10 | 0.08 | 0.15 | 0.11 | 0.14 | 0.13 | 0.00 | — | — |
| Debt / EBITDA | 0.41 | 0.41 | 0.23 | 0.15 | 0.26 | 0.39 | 0.44 | 0.50 | 0.02 | — | — |
| Net Debt / Equity | — | -0.27 | -0.39 | -0.48 | -0.45 | -0.20 | -0.04 | -0.09 | -0.11 | -0.25 | -0.34 |
| Net Debt / EBITDA | -0.65 | -0.65 | -0.90 | -0.92 | -0.80 | -0.72 | -0.13 | -0.35 | -0.50 | -1.50 | -1.84 |
| Debt / FCF | — | -0.50 | -0.80 | -0.74 | -0.75 | -0.51 | -0.11 | -0.28 | -0.38 | -1.24 | -1.93 |
| Interest Coverage | — | — | — | — | — | — | 11338.44 | 755.56 | 292.80 | 13127.00 | 1171.35 |
Net cash position: cash ($250M) exceeds total debt ($97M)
QLYS Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.41x means Qualys, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The current ratio has declined from 1.54x to 1.41x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.41 | 1.41 | 1.37 | 1.54 | 1.34 | 1.80 | 1.86 | 1.77 | 1.92 | 2.23 | 2.31 |
| Quick Ratio | 1.41 | 1.41 | 1.37 | 1.54 | 1.34 | 1.80 | 1.86 | 1.77 | 1.92 | 2.23 | 2.31 |
| Cash Ratio | 0.95 | 0.95 | 0.89 | 1.09 | 0.91 | 1.33 | 1.39 | 1.34 | 1.47 | 1.74 | 1.87 |
| Asset Turnover | — | 0.61 | 0.62 | 0.68 | 0.70 | 0.50 | 0.49 | 0.48 | 0.48 | 0.43 | 0.49 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 93.27 | 98.85 | 96.26 | 90.78 | 96.76 | 100.74 | 88.56 | 99.24 | 101.85 | 86.72 |
QLYS Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Qualys, Inc. returns 5.7% to shareholders annually primarily through share buybacks. The earnings yield of 6.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.0% | 4.1% | 3.3% | 2.1% | 2.4% | 1.3% | 1.8% | 2.0% | 1.8% | 1.7% | 1.6% |
| FCF Yield | 9.4% | 6.3% | 4.4% | 3.2% | 4.0% | 3.2% | 3.0% | 3.7% | 3.3% | 2.9% | 3.7% |
| Buyback Yield | 5.7% | 3.8% | 2.7% | 2.3% | 7.2% | 2.4% | 2.5% | 2.5% | 2.7% | 0.9% | 0.0% |
| Total Shareholder Yield | 5.7% | 3.8% | 2.7% | 2.3% | 7.2% | 2.4% | 2.5% | 2.5% | 2.7% | 0.9% | 0.0% |
| Shares Outstanding | — | $36M | $37M | $38M | $39M | $40M | $41M | $41M | $42M | $40M | $38M |
Peer Comparison
Compare QLYS with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 QLYSYou | $3B | 16.7 | 13.1 | 10.6 | 82.8% | 33.2% | 38.2% | 47.5% | 0.4 |
 TENB | $2B | -70.5 | 62.6 | 9.5 | 78.1% | 0.1% | -9.9% | 0.2% | 10.8 |
 RPD | $439M | 18.3 | 21.4 | 3.0 | 70.3% | 1.3% | 27.1% | 1.1% | 18.0 |
 VRNS | $3B | -24.4 | — | 24.1 | 79.1% | -23.5% | -24.5% | -11.0% | — |
 SAIL | $7B | -5.9 | 153.6 | — | 64.5% | -21.9% | — | — | 21.6 |
 CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
 CRWD | $119B | -720.1 | 952.1 | 90.5 | 74.6% | -3.4% | -4.2% | -193.7% | 6.8 |
 S | $5B | -11.2 | — | 63.6 | 74.1% | -32.1% | -29.0% | -17.4% | — |
 PANW | $129B | 114.7 | 80.1 | 37.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
 FTNT | $67B | 37.0 | 29.3 | 30.1 | 80.8% | 30.6% | 135.7% | — | 0.4 |
 CHKP | $12B | 11.9 | 13.1 | 9.9 | 85.4% | 30.5% | 37.3% | 23.2% | 2.1 |
| Technology Median | — | 27.2 | 17.3 | 19.8 | 48.9% | -0.6% | 2.5% | 3.0% | 2.9 |
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Includes 30+ ratios · 16 years · Updated daily
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Start ComparisonQLYS — Frequently Asked Questions
Quick answers to the most common questions about buying QLYS stock.
What is Qualys, Inc.'s P/E ratio?
Qualys, Inc.'s current P/E ratio is 16.7x. The historical average is 62.5x.
What is Qualys, Inc.'s EV/EBITDA?
Qualys, Inc.'s current EV/EBITDA is 13.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 37.3x.
What is Qualys, Inc.'s ROE?
Qualys, Inc.'s return on equity (ROE) is 38.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 21.7%.
Is QLYS stock overvalued?
Based on historical data, Qualys, Inc. is trading at a P/E of 16.7x. Compare with industry peers and growth rates for a complete picture.
What are Qualys, Inc.'s profit margins?
Qualys, Inc. has 82.8% gross margin and 33.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Qualys, Inc. have?
Qualys, Inc.'s Debt/EBITDA ratio is 0.4x, indicating low leverage. A ratio below 2x is generally considered financially healthy.