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Side-by-side financial comparison of QUALYS, INC. (QLYS) and SMITH & WESSON BRANDS, INC. (SWBI). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $124.7M, roughly 1.4× SMITH & WESSON BRANDS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 1.5%, a 28.8% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -3.9%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $16.3M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -4.8%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, United States.
QLYS vs SWBI — Head-to-Head
Income Statement — Q4 FY2025 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $124.7M |
| Net Profit | $53.1M | $1.9M |
| Gross Margin | 83.4% | 24.3% |
| Operating Margin | 33.6% | 3.3% |
| Net Margin | 30.3% | 1.5% |
| Revenue YoY | 10.1% | -3.9% |
| Net Profit YoY | 20.9% | -53.6% |
| EPS (diluted) | $1.47 | $0.04 |
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 | $124.7M | ||
| Q3 25 | $169.9M | $85.1M | ||
| Q2 25 | $164.1M | $140.8M | ||
| Q1 25 | $159.9M | $115.9M | ||
| Q4 24 | $159.2M | $129.7M | ||
| Q3 24 | $153.9M | $88.3M | ||
| Q2 24 | $148.7M | $159.1M | ||
| Q1 24 | $145.8M | $137.5M |
| Q4 25 | $53.1M | $1.9M | ||
| Q3 25 | $50.3M | $-3.4M | ||
| Q2 25 | $47.3M | $8.6M | ||
| Q1 25 | $47.5M | $2.1M | ||
| Q4 24 | $44.0M | $4.5M | ||
| Q3 24 | $46.2M | $-1.9M | ||
| Q2 24 | $43.8M | $27.9M | ||
| Q1 24 | $39.7M | $7.9M |
| Q4 25 | 83.4% | 24.3% | ||
| Q3 25 | 83.6% | 25.9% | ||
| Q2 25 | 82.4% | 28.8% | ||
| Q1 25 | 81.9% | 24.1% | ||
| Q4 24 | 81.8% | 26.6% | ||
| Q3 24 | 81.3% | 27.4% | ||
| Q2 24 | 82.2% | 35.5% | ||
| Q1 24 | 81.3% | 28.7% |
| Q4 25 | 33.6% | 3.3% | ||
| Q3 25 | 35.3% | -3.5% | ||
| Q2 25 | 31.3% | 9.3% | ||
| Q1 25 | 32.4% | 4.1% | ||
| Q4 24 | 31.0% | 5.8% | ||
| Q3 24 | 29.2% | -1.7% | ||
| Q2 24 | 32.3% | 17.4% | ||
| Q1 24 | 30.7% | 8.2% |
| Q4 25 | 30.3% | 1.5% | ||
| Q3 25 | 29.6% | -4.0% | ||
| Q2 25 | 28.8% | 6.1% | ||
| Q1 25 | 29.7% | 1.8% | ||
| Q4 24 | 27.6% | 3.5% | ||
| Q3 24 | 30.0% | -2.1% | ||
| Q2 24 | 29.4% | 17.5% | ||
| Q1 24 | 27.2% | 5.7% |
| Q4 25 | $1.47 | $0.04 | ||
| Q3 25 | $1.39 | $-0.08 | ||
| Q2 25 | $1.29 | $0.19 | ||
| Q1 25 | $1.29 | $0.05 | ||
| Q4 24 | $1.19 | $0.10 | ||
| Q3 24 | $1.24 | $-0.04 | ||
| Q2 24 | $1.17 | $0.60 | ||
| Q1 24 | $1.05 | $0.17 |
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 | $22.4M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $561.2M | $363.2M |
| Total Assets | $1.1B | $548.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.3M | $22.4M | ||
| Q3 25 | $225.3M | $18.0M | ||
| Q2 25 | $194.0M | $25.2M | ||
| Q1 25 | $290.7M | $26.7M | ||
| Q4 24 | $232.2M | $39.1M | ||
| Q3 24 | $235.4M | $35.5M | ||
| Q2 24 | $281.2M | $60.8M | ||
| Q1 24 | $273.8M | $47.4M |
| Q4 25 | $561.2M | $363.2M | ||
| Q3 25 | $529.4M | $364.4M | ||
| Q2 25 | $508.2M | $372.5M | ||
| Q1 25 | $498.0M | $366.9M | ||
| Q4 24 | $477.1M | $371.5M | ||
| Q3 24 | $449.6M | $380.0M | ||
| Q2 24 | $427.8M | $399.9M | ||
| Q1 24 | $404.2M | $376.4M |
| Q4 25 | $1.1B | $548.6M | ||
| Q3 25 | $1.0B | $554.6M | ||
| Q2 25 | $999.5M | $559.6M | ||
| Q1 25 | $996.5M | $578.9M | ||
| Q4 24 | $973.5M | $587.4M | ||
| Q3 24 | $908.3M | $571.3M | ||
| Q2 24 | $876.6M | $577.4M | ||
| Q1 24 | $861.8M | $570.6M |
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 | $27.3M |
| Free Cash FlowOCF − Capex | $74.9M | $16.3M |
| FCF MarginFCF / Revenue | 42.8% | 13.1% |
| Capex IntensityCapex / Revenue | 0.4% | 8.8% |
| Cash ConversionOCF / Net Profit | 1.42× | 14.22× |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | $21.3M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.7M | $27.3M | ||
| Q3 25 | $90.4M | $-8.1M | ||
| Q2 25 | $33.8M | $40.8M | ||
| Q1 25 | $109.6M | $-9.8M | ||
| Q4 24 | $47.7M | $-7.4M | ||
| Q3 24 | $61.0M | $-30.8M | ||
| Q2 24 | $49.8M | $43.7M | ||
| Q1 24 | $85.5M | $25.2M |
| Q4 25 | $74.9M | $16.3M | ||
| Q3 25 | $89.5M | $-12.4M | ||
| Q2 25 | $32.4M | $33.5M | ||
| Q1 25 | $107.5M | $-16.1M | ||
| Q4 24 | $41.9M | $-10.7M | ||
| Q3 24 | $57.6M | $-35.5M | ||
| Q2 24 | $48.8M | $38.2M | ||
| Q1 24 | $83.5M | $7.0M |
| Q4 25 | 42.8% | 13.1% | ||
| Q3 25 | 52.7% | -14.6% | ||
| Q2 25 | 19.8% | 23.8% | ||
| Q1 25 | 67.3% | -13.9% | ||
| Q4 24 | 26.3% | -8.3% | ||
| Q3 24 | 37.4% | -40.2% | ||
| Q2 24 | 32.8% | 24.0% | ||
| Q1 24 | 57.2% | 5.1% |
| Q4 25 | 0.4% | 8.8% | ||
| Q3 25 | 0.5% | 5.0% | ||
| Q2 25 | 0.8% | 5.2% | ||
| Q1 25 | 1.3% | 5.4% | ||
| Q4 24 | 3.7% | 2.5% | ||
| Q3 24 | 2.2% | 5.3% | ||
| Q2 24 | 0.7% | 3.5% | ||
| Q1 24 | 1.4% | 13.2% |
| Q4 25 | 1.42× | 14.22× | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 0.71× | 4.73× | ||
| Q1 25 | 2.31× | -4.68× | ||
| Q4 24 | 1.09× | -1.63× | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.14× | 1.57× | ||
| Q1 24 | 2.15× | 3.20× |
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% |
SWBI
Segment breakdown not available.
