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Side-by-side financial comparison of QUALYS, INC. (QLYS) and SHENANDOAH TELECOMMUNICATIONS CO (SHEN). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $91.6M, roughly 1.9× SHENANDOAH TELECOMMUNICATIONS CO). QUALYS, INC. runs the higher net margin — 30.3% vs -5.9%, a 36.2% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 7.2%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-78.6M). Over the past eight quarters, SHENANDOAH TELECOMMUNICATIONS CO's revenue compounded faster (15.0% CAGR vs 9.6%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
Shenandoah Telecommunications Co is a U.S. regional telecom provider offering broadband internet, wireless voice/data services, digital cable TV, and fiber-optic solutions. It serves residential, small business and enterprise clients across Mid-Atlantic states, focusing on underserved rural and suburban markets in Virginia, West Virginia, Maryland and Pennsylvania.
QLYS vs SHEN — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $91.6M |
| Net Profit | $53.1M | $-5.4M |
| Gross Margin | 83.4% | — |
| Operating Margin | 33.6% | -1.0% |
| Net Margin | 30.3% | -5.9% |
| Revenue YoY | 10.1% | 7.2% |
| Net Profit YoY | 20.9% | -95.8% |
| EPS (diluted) | $1.47 | $-0.13 |
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 | $175.3M | $91.6M | ||
| Q3 25 | $169.9M | $89.8M | ||
| Q2 25 | $164.1M | $88.6M | ||
| Q1 25 | $159.9M | $87.9M | ||
| Q4 24 | $159.2M | $85.4M | ||
| Q3 24 | $153.9M | $87.6M | ||
| Q2 24 | $148.7M | $85.8M | ||
| Q1 24 | $145.8M | $69.2M |
| Q4 25 | $53.1M | $-5.4M | ||
| Q3 25 | $50.3M | $-9.4M | ||
| Q2 25 | $47.3M | $-9.0M | ||
| Q1 25 | $47.5M | $-9.1M | ||
| Q4 24 | $44.0M | $-2.7M | ||
| Q3 24 | $46.2M | $-5.3M | ||
| Q2 24 | $43.8M | $-12.9M | ||
| Q1 24 | $39.7M | $214.7M |
| 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 | 33.6% | -1.0% | ||
| Q3 25 | 35.3% | -8.0% | ||
| Q2 25 | 31.3% | -10.3% | ||
| Q1 25 | 32.4% | -6.9% | ||
| Q4 24 | 31.0% | -6.7% | ||
| Q3 24 | 29.2% | -4.8% | ||
| Q2 24 | 32.3% | -18.5% | ||
| Q1 24 | 30.7% | -4.0% |
| Q4 25 | 30.3% | -5.9% | ||
| Q3 25 | 29.6% | -10.5% | ||
| Q2 25 | 28.8% | -10.2% | ||
| Q1 25 | 29.7% | -10.4% | ||
| Q4 24 | 27.6% | -3.2% | ||
| Q3 24 | 30.0% | -6.0% | ||
| Q2 24 | 29.4% | -15.0% | ||
| Q1 24 | 27.2% | 310.0% |
| Q4 25 | $1.47 | $-0.13 | ||
| Q3 25 | $1.39 | $-0.20 | ||
| Q2 25 | $1.29 | $-0.19 | ||
| Q1 25 | $1.29 | $-0.19 | ||
| Q4 24 | $1.19 | $-0.34 | ||
| Q3 24 | $1.24 | $-0.13 | ||
| Q2 24 | $1.17 | $-0.24 | ||
| Q1 24 | $1.05 | $4.25 |
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 | $27.3M |
| Total DebtLower is stronger | — | $642.4M |
| Stockholders' EquityBook value | $561.2M | $880.8M |
| Total Assets | $1.1B | $1.9B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.3M | $27.3M | ||
| Q3 25 | $225.3M | $22.6M | ||
| Q2 25 | $194.0M | $29.1M | ||
| Q1 25 | $290.7M | $87.5M | ||
| Q4 24 | $232.2M | $46.3M | ||
| Q3 24 | $235.4M | $43.1M | ||
| Q2 24 | $281.2M | $43.8M | ||
| Q1 24 | $273.8M | $389.7M |
| Q4 25 | — | $642.4M | ||
| Q3 25 | — | $535.4M | ||
| Q2 25 | — | $513.1M | ||
| Q1 25 | — | $515.8M | ||
| Q4 24 | — | $418.0M | ||
| Q3 24 | — | $345.2M | ||
| Q2 24 | — | $297.4M | ||
| Q1 24 | — | $298.7M |
| Q4 25 | $561.2M | $880.8M | ||
| Q3 25 | $529.4M | $892.7M | ||
| Q2 25 | $508.2M | $902.0M | ||
| Q1 25 | $498.0M | $910.5M | ||
| Q4 24 | $477.1M | $918.6M | ||
| Q3 24 | $449.6M | $925.4M | ||
| Q2 24 | $427.8M | $933.1M | ||
| Q1 24 | $404.2M | $871.6M |
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $999.5M | $1.8B | ||
| Q1 25 | $996.5M | $1.8B | ||
| Q4 24 | $973.5M | $1.7B | ||
| Q3 24 | $908.3M | $1.7B | ||
| Q2 24 | $876.6M | $1.7B | ||
| Q1 24 | $861.8M | $1.4B |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.60× | ||
| Q2 25 | — | 0.57× | ||
| Q1 25 | — | 0.57× | ||
| Q4 24 | — | 0.46× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.32× | ||
| Q1 24 | — | 0.34× |
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 | $75.7M | $28.8M |
| Free Cash FlowOCF − Capex | $74.9M | $-78.6M |
| FCF MarginFCF / Revenue | 42.8% | -85.8% |
| Capex IntensityCapex / Revenue | 0.4% | 117.2% |
| Cash ConversionOCF / Net Profit | 1.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | $-257.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.7M | $28.8M | ||
| Q3 25 | $90.4M | $30.7M | ||
| Q2 25 | $33.8M | $20.9M | ||
| Q1 25 | $109.6M | $20.5M | ||
| Q4 24 | $47.7M | $20.6M | ||
| Q3 24 | $61.0M | $24.3M | ||
| Q2 24 | $49.8M | $2.5M | ||
| Q1 24 | $85.5M | $15.2M |
| Q4 25 | $74.9M | $-78.6M | ||
| Q3 25 | $89.5M | $-51.4M | ||
| Q2 25 | $32.4M | $-65.3M | ||
| Q1 25 | $107.5M | $-62.7M | ||
| Q4 24 | $41.9M | $-72.0M | ||
| Q3 24 | $57.6M | $-51.3M | ||
| Q2 24 | $48.8M | $-78.3M | ||
| Q1 24 | $83.5M | $-54.9M |
| Q4 25 | 42.8% | -85.8% | ||
| Q3 25 | 52.7% | -57.2% | ||
| Q2 25 | 19.8% | -73.7% | ||
| Q1 25 | 67.3% | -71.3% | ||
| Q4 24 | 26.3% | -84.3% | ||
| Q3 24 | 37.4% | -58.5% | ||
| Q2 24 | 32.8% | -91.3% | ||
| Q1 24 | 57.2% | -79.3% |
| Q4 25 | 0.4% | 117.2% | ||
| Q3 25 | 0.5% | 91.4% | ||
| Q2 25 | 0.8% | 97.3% | ||
| Q1 25 | 1.3% | 94.7% | ||
| Q4 24 | 3.7% | 108.4% | ||
| Q3 24 | 2.2% | 86.2% | ||
| Q2 24 | 0.7% | 94.2% | ||
| Q1 24 | 1.4% | 101.2% |
| Q4 25 | 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× | 0.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
SHEN
| Residential And SMB Incumbent Broadband | $41.5M | 45% |
| Residential And SMB Glo Fiber Expansion Markets | $23.0M | 25% |
| Commercial Fiber | $20.3M | 22% |
| RLEC Other | $6.8M | 7% |
