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We are a leading provider of a cloud-based platform delivering information technology (IT), security and compliance solutions. Our integrated suite of IT, security and compliance solutions delivered on Qualys' Enterprise TruRisk Platform enables our customers to: 1) identify and manage their internal and external IT and operational technology (OT) assets across on-premises, endpoints, cloud, co…
$102.31
$0.06 (-0.06%)
Price from 8 days ago
Margins and capital returns are both well above average: 33.17% operating margin, ROIC at 30.49%. Consistent with durable pricing power, though that alone doesn't make it a buy.
Revenue up 10.1% YoY with margins expanding 2.4pp.
ROIC dropped from 32.79% to 30.49%, capital efficiency is deteriorating.
18.4x earnings, 12.6x FCF. Valuation is in a reasonable range. The main question is whether the business can re-accelerate or if current trajectory is already priced in.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$685M
▲ +10.1% YoY
Net Income (TTM)
$201M
▲ +14.2% YoY
Op. Margin
33.74%
▲ +2.4pp YoY
ROIC
30.05%
▼ -2.3pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$290M
▲ +31.3% YoY
Op. Cash Flow (TTM)
$295M
▲ +26.8% YoY
Net Debt
-$419M
Net Cash Position
Cash & Equiv.
$471M
5Y CAGR: +13.0%
5Y CAGR: +15.2%
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