Qualys
QLYS · Systems Software
$216.70
4.1%Rubrik
RBRK · Systems Software
$128.74
6.6%The short version
- Rubrik is the larger business, with $1.3B of revenue in fiscal 2026 against $669M for Qualys, about 2.0 times as much.
- Rubrik grew revenue faster (48.5%, against 10.1%).
- Qualys kept more of each dollar of sales as operating profit (33.2% operating margin, against −26.2% operating margin).
- Qualys turned more of its sales into free cash flow (45.5% FCF margin, against 19.2% FCF margin).
| Latest fiscal year | QLYS · FY25 | RBRK · FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.6B | $26.5B |
| Revenue | $669M | $1.3B |
| Free cash flow | $304M | $253M |
| Net income | $198M | −$349M |
| Growth | ||
| Revenue growth | 10.1% | 48.5% |
| 5-year growth | 13.0% | — |
| Share count change | −2.4% | 27.3% |
| Profitability | ||
| Gross margin | 82.9% | 80.1% |
| Operating margin | 33.2% | −26.2% |
| Net margin | 29.6% | −26.5% |
| FCF margin | 45.5% | 19.2% |
| Return on capital | 169.1% | — |
| Return on equity | 38.2% | — |
| Balance sheet | ||
| Net debt | −$446M | −$545M |
| Net debt / EBITDA | −1.9x | — |
| Dividends and buybacks | $183M | $0.0M |
| Valuation & quality | ||
| P/E | 37.5x | — |
| Piotroski F-score | 6 | 5 |
FY17
QLYS $231M
RBRK —
FY18
QLYS $279M
RBRK —
FY19
QLYS $322M
RBRK —
FY20
QLYS $363M
RBRK —
FY21
QLYS $411M
RBRK —
FY22
QLYS $490M
RBRK —
FY23
QLYS $555M
RBRK $600M
FY24
QLYS $608M
RBRK $628M
FY25
QLYS $669M
RBRK $887M
FY26
QLYS —
RBRK $1.3B
QLYS
RBRK
FY17
QLYS 16.1%
RBRK —
FY18
QLYS 18.1%
RBRK —
FY19
QLYS 22.5%
RBRK —
FY20
QLYS 26.6%
RBRK —
FY21
QLYS 21.3%
RBRK —
FY22
QLYS 26.7%
RBRK —
FY23
QLYS 29.4%
RBRK −43.6%
FY24
QLYS 30.8%
RBRK −48.8%
FY25
QLYS 33.2%
RBRK −127.9%
FY26
QLYS —
RBRK −26.2%
QLYS
RBRK
FY17
QLYS $69.8M
RBRK —
FY18
QLYS $103M
RBRK —
FY19
QLYS $133M
RBRK —
FY20
QLYS $150M
RBRK —
FY21
QLYS $176M
RBRK —
FY22
QLYS $183M
RBRK —
FY23
QLYS $236M
RBRK −$5.7M
FY24
QLYS $232M
RBRK −$16.9M
FY25
QLYS $304M
RBRK $31.3M
FY26
QLYS —
RBRK $253M
QLYS
RBRK
FY17
QLYS —
RBRK —
FY18
QLYS 81.3%
RBRK —
FY19
QLYS 79.8%
RBRK —
FY20
QLYS —
RBRK —
FY21
QLYS —
RBRK —
FY22
QLYS —
RBRK —
FY23
QLYS —
RBRK —
FY24
QLYS —
RBRK —
FY25
QLYS 169.1%
RBRK —
FY26
QLYS —
RBRK —
QLYS
RBRK
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.