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Side-by-side financial comparison of Global Net Lease, Inc. (GNL) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $117.0M, roughly 1.5× Global Net Lease, Inc.). Global Net Lease, Inc. runs the higher net margin — 41.2% vs 30.3%, a 10.9% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -15.1%). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -11.1%).
Global Net Lease, Inc. is a publicly traded real estate investment trust that acquires, owns and manages a diversified portfolio of commercial real estate assets under long-term net lease contracts. Its property portfolio spans North America and Europe, covering industrial, office, retail and other key sectors, serving tenants across multiple industries to deliver consistent long-term returns for shareholders.
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
GNL vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $117.0M | $175.3M |
| Net Profit | $48.2M | $53.1M |
| Gross Margin | — | 83.4% |
| Operating Margin | 94.7% | 33.6% |
| Net Margin | 41.2% | 30.3% |
| Revenue YoY | -15.1% | 10.1% |
| Net Profit YoY | 838.7% | 20.9% |
| EPS (diluted) | $0.14 | $1.47 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $117.0M | $175.3M | ||
| Q3 25 | $121.0M | $169.9M | ||
| Q2 25 | $124.9M | $164.1M | ||
| Q1 25 | $132.4M | $159.9M | ||
| Q4 24 | $137.8M | $159.2M | ||
| Q3 24 | $138.7M | $153.9M | ||
| Q2 24 | $145.5M | $148.7M | ||
| Q1 24 | $147.9M | $145.8M |
| Q4 25 | $48.2M | $53.1M | ||
| Q3 25 | $-60.1M | $50.3M | ||
| Q2 25 | $-24.1M | $47.3M | ||
| Q1 25 | $-189.4M | $47.5M | ||
| Q4 24 | $-6.5M | $44.0M | ||
| Q3 24 | $-65.6M | $46.2M | ||
| Q2 24 | $-35.7M | $43.8M | ||
| Q1 24 | $-23.8M | $39.7M |
| Q4 25 | — | 83.4% | ||
| Q3 25 | — | 83.6% | ||
| Q2 25 | — | 82.4% | ||
| Q1 25 | — | 81.9% | ||
| Q4 24 | — | 81.8% | ||
| Q3 24 | — | 81.3% | ||
| Q2 24 | — | 82.2% | ||
| Q1 24 | — | 81.3% |
| Q4 25 | 94.7% | 33.6% | ||
| Q3 25 | -11.7% | 35.3% | ||
| Q2 25 | 33.9% | 31.3% | ||
| Q1 25 | -21.1% | 32.4% | ||
| Q4 24 | 40.8% | 31.0% | ||
| Q3 24 | 9.3% | 29.2% | ||
| Q2 24 | 42.6% | 32.3% | ||
| Q1 24 | 38.6% | 30.7% |
| Q4 25 | 41.2% | 30.3% | ||
| Q3 25 | -49.7% | 29.6% | ||
| Q2 25 | -19.3% | 28.8% | ||
| Q1 25 | -143.0% | 29.7% | ||
| Q4 24 | -4.7% | 27.6% | ||
| Q3 24 | -47.3% | 30.0% | ||
| Q2 24 | -24.5% | 29.4% | ||
| Q1 24 | -16.1% | 27.2% |
| Q4 25 | $0.14 | $1.47 | ||
| Q3 25 | $-0.32 | $1.39 | ||
| Q2 25 | $-0.16 | $1.29 | ||
| Q1 25 | $-0.87 | $1.29 | ||
| Q4 24 | $-0.08 | $1.19 | ||
| Q3 24 | $-0.33 | $1.24 | ||
| Q2 24 | $-0.20 | $1.17 | ||
| Q1 24 | $-0.15 | $1.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $180.1M | $250.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.7B | $561.2M |
| Total Assets | $4.3B | $1.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $180.1M | $250.3M | ||
| Q3 25 | $165.1M | $225.3M | ||
| Q2 25 | $144.8M | $194.0M | ||
| Q1 25 | $147.0M | $290.7M | ||
| Q4 24 | $159.7M | $232.2M | ||
| Q3 24 | $127.2M | $235.4M | ||
| Q2 24 | $122.2M | $281.2M | ||
| Q1 24 | $131.9M | $273.8M |
| Q4 25 | $1.7B | $561.2M | ||
| Q3 25 | $1.7B | $529.4M | ||
| Q2 25 | $1.8B | $508.2M | ||
| Q1 25 | $1.9B | $498.0M | ||
| Q4 24 | $2.2B | $477.1M | ||
| Q3 24 | $2.3B | $449.6M | ||
| Q2 24 | $2.4B | $427.8M | ||
| Q1 24 | $2.5B | $404.2M |
| Q4 25 | $4.3B | $1.1B | ||
| Q3 25 | $4.8B | $1.0B | ||
| Q2 25 | $5.0B | $999.5M | ||
| Q1 25 | $5.8B | $996.5M | ||
| Q4 24 | $7.0B | $973.5M | ||
| Q3 24 | $7.3B | $908.3M | ||
| Q2 24 | $7.6B | $876.6M | ||
| Q1 24 | $8.0B | $861.8M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $222.8M | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 4.62× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $222.8M | $75.7M | ||
| Q3 25 | $56.0M | $90.4M | ||
| Q2 25 | $52.0M | $33.8M | ||
| Q1 25 | $59.2M | $109.6M | ||
| Q4 24 | $299.5M | $47.7M | ||
| Q3 24 | $62.1M | $61.0M | ||
| Q2 24 | $70.4M | $49.8M | ||
| Q1 24 | $92.2M | $85.5M |
| Q4 25 | — | $74.9M | ||
| Q3 25 | — | $89.5M | ||
| Q2 25 | — | $32.4M | ||
| Q1 25 | — | $107.5M | ||
| Q4 24 | — | $41.9M | ||
| Q3 24 | — | $57.6M | ||
| Q2 24 | — | $48.8M | ||
| Q1 24 | — | $83.5M |
| Q4 25 | — | 42.8% | ||
| Q3 25 | — | 52.7% | ||
| Q2 25 | — | 19.8% | ||
| Q1 25 | — | 67.3% | ||
| Q4 24 | — | 26.3% | ||
| Q3 24 | — | 37.4% | ||
| Q2 24 | — | 32.8% | ||
| Q1 24 | — | 57.2% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.5% | ||
| Q2 25 | — | 0.8% | ||
| Q1 25 | — | 1.3% | ||
| Q4 24 | — | 3.7% | ||
| Q3 24 | — | 2.2% | ||
| Q2 24 | — | 0.7% | ||
| Q1 24 | — | 1.4% |
| Q4 25 | 4.62× | 1.42× | ||
| Q3 25 | — | 1.80× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 2.31× | ||
| Q4 24 | — | 1.09× | ||
| Q3 24 | — | 1.32× | ||
| Q2 24 | — | 1.14× | ||
| Q1 24 | — | 2.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GNL
| Industrial And Distribution Segment | $56.0M | 48% |
| Office Segment | $30.8M | 26% |
| Single Tenant Retail Segment | $30.2M | 26% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
