QLYS

Qualys, Inc.

$196.70

+3.27% Oct 21 close

Information TechnologyS&P 400 Compare

1M 3M 6M 1Y 2Y

QLYSSPY

+3.7%

+8.7%

+40.3%

+121.7%

YTD

+48.0%

+49.2%

Live chart

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What they do

Qualys, Inc. provides cloud-based platform delivering information technology (IT), security, and compliance solutions in the United States and internationally. The company provides Qualys Cloud Apps, which include cybersecurity asset management; enterprise TruRisk management; vulnerability management, detection, and response. It offers TotalCloud, a cloud-native application protection platform, which include cloud workload protection.

Technology · Software - Infrastructure

For information only · Important disclosures

Grades vs sector

Momentum

63rd percentile in sector

B-

12-1 return: +51.9%
Percentile within its GICS sector across the S&P 1500.

Growth

36th percentile in sector

C-

Revenue growth (YoY): +11.0%
Percentile within its GICS sector across the S&P 1500.

Value

41st percentile in sector

Forward E/P: 4.7% · EBITDA/EV: 4.3%
Percentile within its GICS sector across the S&P 1500.

Profitability

86th percentile in sector

A-

Profit margin: +29.4% · Return on equity: +38.6%
Percentile within its GICS sector across the S&P 1500.

Revisions

Not enough data yet

–

EPS estimate change, 30 days (current FY): –
30-day change in analysts' current-year EPS estimate; graded across covered stocks.

Our models

Not held by any of our 5 live models right now.

Quality Growth

Outside this model's universe or screens

Momentum Top 15

Outside this model's universe or screens

Momentum Blend

Not in the current book

New Highs Growth

ranked 47 of 589 · 12-month momentum 36.4%

Coteau Long Book

Not in the current book

News

More news

QLYS Crosses Above Average Analyst Target

Nasdaq · Oct 20

Qualys, DigitalOcean, Twilio, CrowdStrike, and MongoDB Shares Are Falling, What You Need To Know

StockStory · Oct 16

Key stats

Market value$6.8B

P/E (last 12 months)34.1

P/E (next 12 months, estimated)23.3

52-week range$74.51 – $206.25

Revenue growth (latest quarter vs a year ago)+11.0%

Dividend yieldNo dividend

Analyst consensusHold (18)

Average analyst price target$181.03 (-8%)

Valuation and fundamentals

Valuation & fundamentals

Bottom line

Leans undervalued

Model read-out from the numbers below, not advice. Score +1 (DCF counts double).

▲DCF (base case)above the price by 69%

▼Forward P/E vs sector23.3x vs median 16.9x

▲Piotroski F-score8/9

▲Altman Z9.3 (safe)

▲Net debt / EBITDA-1.7x

▼Analyst target-8% (18 analysts)

Discounted cash flow

Bear

$198

+1%

growth 6% · disc. 8.3% · term. 2.0%

Base

$333

+69%

growth 11% · disc. 7.3% · term. 2.5%

Bull

$566

+188%

growth 14% · disc. 6.3% · term. 3.0%

A DCF starts from trailing free cash flow, so it can overstate value if the last 12 months were unusually strong (or weak). Use the bear case or edit the starting cash flow if so.

Reverse DCFfor context, not a signal

Today's price assumes free cash flow grows about 2% a year for 10 years.

Implied

+2%/yr

FCF, last 3 yrs

+18%/yr

FCF, last 5 yrs

+15%/yr

Revenue, last 3 yrs

+11%/yr

Revenue, last 5 yrs

+13%/yr

Same inputs as the DCF above: trailing free cash flow 0.3B, 7.3% discount rate, 2.5% growth after year 10, net cash and today's share count. Actual growth rates are compound annual rates from SEC annual filings through FY2025; "n/a" means too little history or a negative starting year.

Edit assumptions · recalculates instantly

Your value per share–

Free cash flow = operating cash flow − capital spending, trailing 12 months (TTM to 2026-06-30). Growth default: average of 3-year revenue CAGR and latest revenue growth, capped at 30%. Years 6–10 fade linearly to terminal growth. Discount rate = 4.25% risk-free assumption + beta 0.60 × 5% equity premium, kept within 7–13%. Bear: lower growth, +1 pt discount, 2% terminal. Bull: higher growth, −1 pt, 3%.

Multiples vs Information Technology

P/E (trailing)

sector median 35.9× · 48th pct

34.1×
cheaper

Forward P/E

sector median 16.9× · 70th pct

23.3×
pricier

EV / EBITDA

sector median 20.8× · 59th pct

25.1×
pricier

Price / sales

sector median 4.6× · 77th pct

9.7×
pricier

Price / book

sector median 5.1× · 78th pct

12.1×
pricier

FCF yield

sector median 3.5% · 62nd pct

4.6%
cheaper

Forward EPS $8.45 vs trailing $5.77 (+46% expected growth). Forward P/E uses analysts' next-12-month estimate.

Backlog (remaining performance obligations)

RPO

$499.9M

as of 2026-06-30

vs a year ago

+15%

YoY

× TTM revenue

0.71×

coverage

24-09

24-12

25-03

25-06

25-09

25-12

26-03

26-06

Contracted revenue not yet recognized, from SEC filings (XBRL tag RevenueRemainingPerformanceObligation).

Quality & financial health

Gross margin

83.3%

Operating margin

34.4%

FCF margin

44.7%

Net margin

29.4%

Return on equity

36.7%

Return on invested capital

144.4%

Net debt / EBITDA

-1.7×

Current ratio

1.4×

Interest cover

–

Cash conversion (OCF/NI)

1.6×

Piotroski F-score 8/9 · last two fiscal years

✓ Positive net income✓ Positive operating cash flow✓ Return on assets improved✓ Cash flow above net income✓ Long-term debt / assets fell✓ Current ratio improved✓ No share dilution✓ Gross margin improved✗ Asset turnover improved

Altman Z-score 9.3 (safe zone; above 3.0 = safe, below 1.8 = distress). Not meaningful for banks and insurers.

Analysts

Mean target

$181

-8%

Analysts

Hold

Range

$130–$220

low – high

● price · ◆ mean target

Annual history

FY	Revenue	Net income	Free cash flow
2025	$669.1M	$198.3M	$304.4M
2024	$607.6M	$173.7M	$231.8M
2023	$554.5M	$151.6M	$235.8M
2022	$489.7M	$108.0M	$183.5M
2021	$411.2M	$71.0M	$176.2M
2020	$363.0M	$91.6M	$150.0M

From the company's 10-K filings via SEC XBRL. 3-year revenue CAGR +11.0%.

Earnings

Next report: 2026-11-03 · during market · EPS est 1.96

EstimateActual (beat)Actual (miss)

Report	EPS est	Actual	Surprise
2026-08-04	1.78	1.98	+10.9%
2026-05-05	1.80	1.95	+8.4%
2026-02-05	1.78	1.87	+4.9%
2025-11-04	1.56	1.86	+19.2%
2025-08-05	1.48	1.68	+13.3%
2025-05-06	1.47	1.67	+13.8%
2025-02-06	1.37	1.60	+17.2%
2024-11-05	1.34	1.56	+16.8%

Quarterly revenue

Quarter	Revenue	YoY
2026-06-30	$182.2M	+11.0%
2026-03-31	$175.6M	–
2025-12-31	$175.3M	–
2025-09-30	$169.9M	–
2025-06-30	$164.1M	–

Analyst actions

TD Cowen

2026-10-13 · main

Hold → Hold
PT $200

DA Davidson

2026-08-05 · main

Neutral → Neutral
PT $165

TD Cowen

2026-08-05 · main

Hold → Hold
PT $170

Morgan Stanley

2026-08-05 · main

Underweight → Underweight
PT $130

Truist Securities

2026-08-05 · main

Hold → Hold
PT $185

RBC Capital

2026-08-05 · main

Sector Perform → Sector Perform
PT $180

Insider trades

Posey Bruce K