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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.

Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $175.3M, roughly 1.7× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 13.0%, a 17.3% gap on every dollar of revenue. Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs 0.6%).

Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.

Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.

HTH vs QLYS — Head-to-Head

Bigger by revenue
HTH
HTH
1.7× larger
HTH
$300.5M
$175.3M
QLYS
Higher net margin
QLYS
QLYS
17.3% more per $
QLYS
30.3%
13.0%
HTH
Faster 2-yr revenue CAGR
QLYS
QLYS
Annualised
QLYS
9.6%
0.6%
HTH

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
HTH
HTH
QLYS
QLYS
Revenue
$300.5M
$175.3M
Net Profit
$39.0M
$53.1M
Gross Margin
83.4%
Operating Margin
33.6%
Net Margin
13.0%
30.3%
Revenue YoY
10.1%
Net Profit YoY
-12.4%
20.9%
EPS (diluted)
$0.64
$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.

Revenue
HTH
HTH
QLYS
QLYS
Q1 26
$300.5M
Q4 25
$329.9M
$175.3M
Q3 25
$330.2M
$169.9M
Q2 25
$303.3M
$164.1M
Q1 25
$318.5M
$159.9M
Q4 24
$301.1M
$159.2M
Q3 24
$305.5M
$153.9M
Q2 24
$297.0M
$148.7M
Net Profit
HTH
HTH
QLYS
QLYS
Q1 26
$39.0M
Q4 25
$41.6M
$53.1M
Q3 25
$45.8M
$50.3M
Q2 25
$36.1M
$47.3M
Q1 25
$42.1M
$47.5M
Q4 24
$35.5M
$44.0M
Q3 24
$29.7M
$46.2M
Q2 24
$20.3M
$43.8M
Gross Margin
HTH
HTH
QLYS
QLYS
Q1 26
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%
Operating Margin
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
16.1%
33.6%
Q3 25
18.4%
35.3%
Q2 25
16.3%
31.3%
Q1 25
18.1%
32.4%
Q4 24
14.7%
31.0%
Q3 24
13.9%
29.2%
Q2 24
10.0%
32.3%
Net Margin
HTH
HTH
QLYS
QLYS
Q1 26
13.0%
Q4 25
12.6%
30.3%
Q3 25
13.9%
29.6%
Q2 25
11.9%
28.8%
Q1 25
13.2%
29.7%
Q4 24
11.8%
27.6%
Q3 24
9.7%
30.0%
Q2 24
6.8%
29.4%
EPS (diluted)
HTH
HTH
QLYS
QLYS
Q1 26
$0.64
Q4 25
$0.68
$1.47
Q3 25
$0.74
$1.39
Q2 25
$0.57
$1.29
Q1 25
$0.65
$1.29
Q4 24
$0.55
$1.19
Q3 24
$0.46
$1.24
Q2 24
$0.31
$1.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
HTH
HTH
QLYS
QLYS
Cash + ST InvestmentsLiquidity on hand
$250.3M
Total DebtLower is stronger
$990.8M
Stockholders' EquityBook value
$2.2B
$561.2M
Total Assets
$15.7B
$1.1B
Debt / EquityLower = less leverage
0.46×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
$250.3M
Q3 25
$225.3M
Q2 25
$194.0M
Q1 25
$290.7M
Q4 24
$232.2M
Q3 24
$235.4M
Q2 24
$281.2M
Total Debt
HTH
HTH
QLYS
QLYS
Q1 26
$990.8M
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
HTH
HTH
QLYS
QLYS
Q1 26
$2.2B
Q4 25
$2.2B
$561.2M
Q3 25
$2.2B
$529.4M
Q2 25
$2.2B
$508.2M
Q1 25
$2.2B
$498.0M
Q4 24
$2.2B
$477.1M
Q3 24
$2.2B
$449.6M
Q2 24
$2.1B
$427.8M
Total Assets
HTH
HTH
QLYS
QLYS
Q1 26
$15.7B
Q4 25
$15.8B
$1.1B
Q3 25
$15.6B
$1.0B
Q2 25
$15.4B
$999.5M
Q1 25
$15.8B
$996.5M
Q4 24
$16.3B
$973.5M
Q3 24
$15.9B
$908.3M
Q2 24
$15.6B
$876.6M
Debt / Equity
HTH
HTH
QLYS
QLYS
Q1 26
0.46×
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HTH
HTH
QLYS
QLYS
Operating Cash FlowLast quarter
$75.7M
Free Cash FlowOCF − Capex
$74.9M
FCF MarginFCF / Revenue
42.8%
Capex IntensityCapex / Revenue
0.4%
Cash ConversionOCF / Net Profit
1.42×
TTM Free Cash FlowTrailing 4 quarters
$304.4M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
$-38.7M
$75.7M
Q3 25
$273.0M
$90.4M
Q2 25
$-234.6M
$33.8M
Q1 25
$5.8M
$109.6M
Q4 24
$273.9M
$47.7M
Q3 24
$515.6M
$61.0M
Q2 24
$-435.3M
$49.8M
Free Cash Flow
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
$-55.5M
$74.9M
Q3 25
$271.0M
$89.5M
Q2 25
$-234.6M
$32.4M
Q1 25
$5.0M
$107.5M
Q4 24
$266.8M
$41.9M
Q3 24
$513.8M
$57.6M
Q2 24
$-437.3M
$48.8M
FCF Margin
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
-16.8%
42.8%
Q3 25
82.1%
52.7%
Q2 25
-77.4%
19.8%
Q1 25
1.6%
67.3%
Q4 24
88.6%
26.3%
Q3 24
168.2%
37.4%
Q2 24
-147.2%
32.8%
Capex Intensity
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
5.1%
0.4%
Q3 25
0.6%
0.5%
Q2 25
0.0%
0.8%
Q1 25
0.3%
1.3%
Q4 24
2.4%
3.7%
Q3 24
0.6%
2.2%
Q2 24
0.7%
0.7%
Cash Conversion
HTH
HTH
QLYS
QLYS
Q1 26
Q4 25
-0.93×
1.42×
Q3 25
5.96×
1.80×
Q2 25
-6.50×
0.71×
Q1 25
0.14×
2.31×
Q4 24
7.71×
1.09×
Q3 24
17.36×
1.32×
Q2 24
-21.41×
1.14×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

HTH
HTH

Noninterest Income$188.4M63%
Net Interest Income$112.1M37%

QLYS
QLYS

Sales Channel Through Intermediary$88.6M51%
Sales Channel Directly To Consumer$86.7M49%

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