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Side-by-side financial comparison of Innovex International, Inc. (INVX) and QUALYS, INC. (QLYS). Click either name above to swap in a different company.
Innovex International, Inc. is the larger business by last-quarter revenue ($273.6M vs $175.3M, roughly 1.6× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 5.1%, a 25.2% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 9.1%). Over the past eight quarters, Innovex International, Inc.'s revenue compounded faster (46.2% CAGR vs 9.6%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
INVX vs QLYS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $273.6M | $175.3M |
| Net Profit | $14.0M | $53.1M |
| Gross Margin | 28.9% | 83.4% |
| Operating Margin | 9.4% | 33.6% |
| Net Margin | 5.1% | 30.3% |
| Revenue YoY | 9.1% | 10.1% |
| Net Profit YoY | -56.1% | 20.9% |
| EPS (diluted) | $0.20 | $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 | $273.6M | $175.3M | ||
| Q3 25 | $240.0M | $169.9M | ||
| Q2 25 | $224.2M | $164.1M | ||
| Q1 25 | $240.4M | $159.9M | ||
| Q4 24 | $250.7M | $159.2M | ||
| Q3 24 | $151.8M | $153.9M | ||
| Q2 24 | $130.3M | $148.7M | ||
| Q1 24 | $128.0M | $145.8M |
| Q4 25 | $14.0M | $53.1M | ||
| Q3 25 | $39.2M | $50.3M | ||
| Q2 25 | $15.3M | $47.3M | ||
| Q1 25 | $14.8M | $47.5M | ||
| Q4 24 | $31.8M | $44.0M | ||
| Q3 24 | $82.6M | $46.2M | ||
| Q2 24 | $9.5M | $43.8M | ||
| Q1 24 | $16.4M | $39.7M |
| Q4 25 | 28.9% | 83.4% | ||
| Q3 25 | 31.6% | 83.6% | ||
| Q2 25 | 32.0% | 82.4% | ||
| Q1 25 | 31.8% | 81.9% | ||
| Q4 24 | 33.9% | 81.8% | ||
| Q3 24 | 34.7% | 81.3% | ||
| Q2 24 | 35.3% | 82.2% | ||
| Q1 24 | 38.4% | 81.3% |
| Q4 25 | 9.4% | 33.6% | ||
| Q3 25 | 26.0% | 35.3% | ||
| Q2 25 | 10.1% | 31.3% | ||
| Q1 25 | 9.1% | 32.4% | ||
| Q4 24 | 10.7% | 31.0% | ||
| Q3 24 | -8.7% | 29.2% | ||
| Q2 24 | 10.0% | 32.3% | ||
| Q1 24 | 17.4% | 30.7% |
| Q4 25 | 5.1% | 30.3% | ||
| Q3 25 | 16.3% | 29.6% | ||
| Q2 25 | 6.8% | 28.8% | ||
| Q1 25 | 6.1% | 29.7% | ||
| Q4 24 | 12.7% | 27.6% | ||
| Q3 24 | 54.4% | 30.0% | ||
| Q2 24 | 7.3% | 29.4% | ||
| Q1 24 | 12.8% | 27.2% |
| Q4 25 | $0.20 | $1.47 | ||
| Q3 25 | $0.57 | $1.39 | ||
| Q2 25 | $0.22 | $1.29 | ||
| Q1 25 | $0.21 | $1.29 | ||
| Q4 24 | $-0.03 | $1.19 | ||
| Q3 24 | $1.99 | $1.24 | ||
| Q2 24 | $0.30 | $1.17 | ||
| Q1 24 | $0.51 | $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 | — | $250.3M |
| Total DebtLower is stronger | $18.9M | — |
| Stockholders' EquityBook value | $1.1B | $561.2M |
| Total Assets | $1.3B | $1.1B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | $185.6M | $281.2M | ||
| Q1 24 | $202.2M | $273.8M |
| Q4 25 | $18.9M | — | ||
| Q3 25 | $20.1M | — | ||
| Q2 25 | $34.8M | — | ||
| Q1 25 | $19.7M | — | ||
| Q4 24 | $24.9M | — | ||
| Q3 24 | $12.4M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.1B | $561.2M | ||
| Q3 25 | $1.0B | $529.4M | ||
| Q2 25 | $995.6M | $508.2M | ||
| Q1 25 | $978.4M | $498.0M | ||
| Q4 24 | $958.2M | $477.1M | ||
| Q3 24 | $904.4M | $449.6M | ||
| Q2 24 | $352.5M | $427.8M | ||
| Q1 24 | $344.3M | $404.2M |
| Q4 25 | $1.3B | $1.1B | ||
| Q3 25 | $1.3B | $1.0B | ||
| Q2 25 | $1.2B | $999.5M | ||
| Q1 25 | $1.2B | $996.5M | ||
| Q4 24 | $1.2B | $973.5M | ||
| Q3 24 | $1.1B | $908.3M | ||
| Q2 24 | $1.0B | $876.6M | ||
| Q1 24 | $1.0B | $861.8M |
| Q4 25 | 0.02× | — | ||
| Q3 25 | 0.02× | — | ||
| Q2 25 | 0.03× | — | ||
| Q1 25 | 0.02× | — | ||
| Q4 24 | 0.03× | — | ||
| Q3 24 | 0.01× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $52.2M | $75.7M |
| Free Cash FlowOCF − Capex | — | $74.9M |
| FCF MarginFCF / Revenue | — | 42.8% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | 3.74× | 1.42× |
| TTM Free Cash FlowTrailing 4 quarters | — | $304.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $52.2M | $75.7M | ||
| Q3 25 | $48.4M | $90.4M | ||
| Q2 25 | $59.2M | $33.8M | ||
| Q1 25 | $31.1M | $109.6M | ||
| Q4 24 | $36.3M | $47.7M | ||
| Q3 24 | $21.7M | $61.0M | ||
| Q2 24 | $22.8M | $49.8M | ||
| Q1 24 | $12.6M | $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 | $16.6M | $48.8M | ||
| Q1 24 | $7.8M | $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 | 12.7% | 32.8% | ||
| Q1 24 | 6.1% | 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 | 4.7% | 0.7% | ||
| Q1 24 | 3.7% | 1.4% |
| Q4 25 | 3.74× | 1.42× | ||
| Q3 25 | 1.23× | 1.80× | ||
| Q2 25 | 3.86× | 0.71× | ||
| Q1 25 | 2.11× | 2.31× | ||
| Q4 24 | 1.14× | 1.09× | ||
| Q3 24 | 0.26× | 1.32× | ||
| Q2 24 | 2.39× | 1.14× | ||
| Q1 24 | 0.77× | 2.15× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
INVX
| Products | $202.7M | 74% |
| Leasing | $42.3M | 15% |
| Services | $28.6M | 10% |
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
