15 years of historical data (2010–2024) · Technology · Software - Infrastructure
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Qualys, Inc. trades at 19.9x earnings, 61% below its 5-year average of 50.4x, sitting at the 0th percentile of its historical range. Compared to the Technology sector median P/E of 25.2x, the stock trades at a discount of 21%. On a free-cash-flow basis, the stock trades at 14.3x P/FCF, 50% below the 5-year average of 28.8x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.3B | $5.2B | $7.4B | $4.4B | $5.5B | $5.0B | $3.4B | $3.1B | $2.4B | $1.2B | $1.3B |
| Enterprise Value | $3.1B | $5.1B | $7.2B | $4.3B | $5.4B | $5.0B | $3.4B | $3.1B | $2.3B | $1.1B | $1.2B |
| P/E Ratio → | 19.89 | 30.15 | 48.70 | 40.96 | 77.53 | 54.41 | 49.63 | 54.55 | 58.76 | 63.30 | 78.79 |
| P/S Ratio | 5.47 | 8.62 | 13.31 | 9.02 | 13.39 | 13.71 | 10.72 | 11.23 | 10.30 | 6.14 | 7.69 |
| P/B Ratio | 7.24 | 10.98 | 20.05 | 15.27 | 12.61 | 12.30 | 8.91 | 8.75 | 6.92 | 4.70 | 6.46 |
| P/FCF | 14.33 | 22.60 | 31.30 | 25.25 | 31.46 | 33.16 | 26.72 | 30.49 | 34.06 | 27.07 | 27.58 |
| P/OCF | 13.60 | 21.46 | 30.17 | 22.21 | 27.44 | 27.63 | 21.46 | 24.50 | 22.09 | 17.83 | 19.16 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Qualys, Inc.'s enterprise value stands at 15.2x EBITDA, 55% below its 5-year average of 34.1x. This is roughly in line with the Technology sector median of 15.7x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 8.32 | 13.00 | 8.75 | 13.17 | 13.66 | 10.61 | 11.09 | 9.93 | 5.70 | 7.13 |
| EV / EBITDA | 15.24 | 24.56 | 37.91 | 25.94 | 43.83 | 38.29 | 32.97 | 39.01 | 39.59 | 23.94 | 29.92 |
| EV / EBIT | 16.75 | 26.99 | 44.19 | 32.82 | 61.77 | 48.59 | 42.59 | 61.40 | 58.19 | 37.03 | 47.78 |
| EV / FCF | — | 21.80 | 30.56 | 24.50 | 30.96 | 33.04 | 26.45 | 30.11 | 32.82 | 25.13 | 25.58 |
Margins and return-on-capital ratios measuring operating efficiency
Qualys, Inc. earns an operating margin of 30.8%. Operating margins have expanded from 26.7% to 30.8% over the past 3 years, signaling improving operational efficiency. Return on equity of 41.1% is exceptionally high. ROIC of 57.8% represents excellent returns on invested capital.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.7% | 81.7% | 80.6% | 79.0% | 78.2% | 78.2% | 78.4% | 76.3% | 77.7% | 78.5% | 79.4% |
| Operating Margin | 30.8% | 30.8% | 29.4% | 26.7% | 21.3% | 26.6% | 22.5% | 18.1% | 16.1% | 15.2% | 15.1% |
| Net Profit Margin | 28.6% | 28.6% | 27.3% | 22.1% | 17.3% | 25.2% | 21.6% | 20.5% | 17.5% | 9.7% | 9.7% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 41.1% | 41.1% | 46.1% | 29.8% | 16.9% | 23.1% | 18.6% | 16.3% | 13.4% | 8.5% | 9.1% |
| ROA | 19.4% | 19.4% | 20.0% | 14.3% | 9.1% | 13.0% | 11.0% | 10.2% | 8.6% | 5.3% | 5.4% |
| ROIC | 57.8% | 57.8% | 69.7% | 38.7% | 17.9% | 19.6% | 16.2% | 13.1% | 13.0% | 16.4% | 20.8% |
| ROCE | 38.7% | 38.7% | 42.2% | 30.4% | 17.7% | 20.7% | 17.2% | 13.2% | 11.5% | 12.3% | 13.3% |
Solvency and debt-coverage ratios — lower is generally safer
Qualys, Inc. carries a Debt/EBITDA ratio of 0.2x, which is very conservative (92% below the sector average of 3.0x). The company holds a net cash position — cash of $232M exceeds total debt of $47M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.10 | 0.10 | 0.08 | 0.15 | 0.11 | 0.14 | 0.13 | 0.00 | — | — | — |
| Debt / EBITDA | 0.23 | 0.23 | 0.15 | 0.26 | 0.39 | 0.44 | 0.50 | 0.02 | — | — | — |
| Net Debt / Equity | — | -0.39 | -0.48 | -0.45 | -0.20 | -0.04 | -0.09 | -0.11 | -0.25 | -0.34 | -0.47 |
| Net Debt / EBITDA | -0.90 | -0.90 | -0.92 | -0.80 | -0.72 | -0.13 | -0.35 | -0.50 | -1.50 | -1.84 | -2.34 |
| Debt / FCF | — | -0.80 | -0.74 | -0.75 | -0.51 | -0.11 | -0.28 | -0.38 | -1.24 | -1.93 | -2.00 |
| Interest Coverage | — | — | — | — | — | 10739.33 | 681.63 | 292.80 | 12414.33 | 1157.96 | 4134.33 |
Net cash position: cash ($232M) exceeds total debt ($47M)
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.37x means Qualys, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.37 | 1.37 | 1.54 | 1.34 | 1.80 | 1.86 | 1.77 | 1.92 | 2.23 | 2.31 | 2.04 |
| Quick Ratio | 1.37 | 1.37 | 1.54 | 1.34 | 1.80 | 1.86 | 1.77 | 1.92 | 2.23 | 2.31 | 2.04 |
| Cash Ratio | 0.89 | 0.89 | 1.09 | 0.91 | 1.33 | 1.39 | 1.34 | 1.47 | 1.74 | 1.87 | 1.60 |
| Asset Turnover | — | 0.62 | 0.68 | 0.70 | 0.50 | 0.49 | 0.48 | 0.48 | 0.43 | 0.49 | 0.51 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | 98.85 | 96.26 | 90.78 | 96.76 | 100.74 | 88.56 | 99.24 | 101.85 | 86.72 | 94.04 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Qualys, Inc. returns 4.2% to shareholders annually primarily through share buybacks. The earnings yield of 5.0% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 5.0% | 3.3% | 2.1% | 2.4% | 1.3% | 1.8% | 2.0% | 1.8% | 1.7% | 1.6% | 1.3% |
| FCF Yield | 7.0% | 4.4% | 3.2% | 4.0% | 3.2% | 3.0% | 3.7% | 3.3% | 2.9% | 3.7% | 3.6% |
| Buyback Yield | 4.2% | 2.7% | 2.3% | 7.2% | 2.4% | 2.5% | 2.5% | 2.7% | 0.9% | 0.0% | 0.0% |
| Total Shareholder Yield | 4.2% | 2.7% | 2.3% | 7.2% | 2.4% | 2.5% | 2.5% | 2.7% | 0.9% | 0.0% | 0.0% |
| Shares Outstanding | — | $37M | $38M | $39M | $40M | $41M | $41M | $42M | $40M | $38M | $38M |
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 | 19.9 | 15.2 | 14.3 | 81.7% | 30.8% | 41.1% | 57.8% | 0.2 |
| PANW | $105B | 93.1 | 64.8 | 30.2 | 73.4% | 13.5% | 17.5% | 17.1% | 0.2 |
| CRWD | $94B | -4726.6 | 964.8 | 87.8 | 74.9% | -3.0% | -0.7% | — | 8.4 |
| FTNT | $59B | 32.5 | 25.6 | 26.4 | 80.8% | 30.6% | 135.7% | — | 0.4 |
| ZS | $24B | -544.4 | — | 32.5 | 76.9% | -4.8% | -2.7% | -8.4% | — |
| CYBR | $21B | -139.5 | 908.2 | 79.6 | 74.3% | -7.7% | -6.2% | -3.2% | 52.3 |
| CHKP | $16B | 20.4 | 16.7 | 16.0 | 87.6% | 34.2% | 30.1% | 28.6% | 0.0 |
| GEN | $14B | 21.9 | 10.5 | 11.5 | 80.3% | 40.9% | 29.2% | 12.4% | 4.1 |
| RBRK | $10B | -6.9 | — | 331.8 | 70.0% | -127.9% | — | — | — |
| SAIL | $8B | -7.1 | 182.3 | — | 64.5% | -21.9% | — | — | 21.6 |
| NTCT | $4B | -5.8 | — | 18.9 | 78.3% | -44.7% | -21.3% | -19.7% | — |
| Technology Median | — | 25.2 | 15.7 | 17.3 | 49.8% | -0.9% | 1.1% | 2.9% | 3.0 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 15 years · Updated daily
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Start ComparisonQualys, Inc.'s current P/E ratio is 19.9x. The historical average is 65.7x.
Qualys, Inc.'s current EV/EBITDA is 15.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 38.6x.
Qualys, Inc.'s return on equity (ROE) is 41.1%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.4%.
Based on historical data, Qualys, Inc. is trading at a P/E of 19.9x. Compare with industry peers and growth rates for a complete picture.
Qualys, Inc. has 81.7% gross margin and 30.8% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
Qualys, Inc.'s Debt/EBITDA ratio is 0.2x, indicating low leverage. A ratio below 2x is generally considered financially healthy.