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Side-by-side financial comparison of QUALYS, INC. (QLYS) and Latham Group, Inc. (SWIM). Click either name above to swap in a different company.
QUALYS, INC. is the larger business by last-quarter revenue ($175.3M vs $100.0M, roughly 1.8× Latham Group, Inc.). QUALYS, INC. runs the higher net margin — 30.3% vs -7.0%, a 37.3% gap on every dollar of revenue. On growth, Latham Group, Inc. posted the faster year-over-year revenue change (14.5% vs 10.1%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $14.1M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -4.9%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
Latham & Watkins LLP is an American multinational law firm. Founded in 1934 in Los Angeles, California, it is known for its litigation, corporate, and regulatory law practices.
QLYS vs SWIM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $100.0M |
| Net Profit | $53.1M | $-7.0M |
| Gross Margin | 83.4% | 28.0% |
| Operating Margin | 33.6% | -10.7% |
| Net Margin | 30.3% | -7.0% |
| Revenue YoY | 10.1% | 14.5% |
| Net Profit YoY | 20.9% | 76.0% |
| EPS (diluted) | $1.47 | $-0.06 |
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 | $100.0M | ||
| Q3 25 | $169.9M | $161.9M | ||
| Q2 25 | $164.1M | $172.6M | ||
| Q1 25 | $159.9M | $111.4M | ||
| Q4 24 | $159.2M | $87.3M | ||
| Q3 24 | $153.9M | $150.5M | ||
| Q2 24 | $148.7M | $160.1M | ||
| Q1 24 | $145.8M | $110.6M |
| Q4 25 | $53.1M | $-7.0M | ||
| Q3 25 | $50.3M | $8.1M | ||
| Q2 25 | $47.3M | $16.0M | ||
| Q1 25 | $47.5M | $-6.0M | ||
| Q4 24 | $44.0M | $-29.2M | ||
| Q3 24 | $46.2M | $5.9M | ||
| Q2 24 | $43.8M | $13.3M | ||
| Q1 24 | $39.7M | $-7.9M |
| Q4 25 | 83.4% | 28.0% | ||
| Q3 25 | 83.6% | 35.4% | ||
| Q2 25 | 82.4% | 37.1% | ||
| Q1 25 | 81.9% | 29.5% | ||
| Q4 24 | 81.8% | 24.6% | ||
| Q3 24 | 81.3% | 32.4% | ||
| Q2 24 | 82.2% | 33.1% | ||
| Q1 24 | 81.3% | 27.7% |
| Q4 25 | 33.6% | -10.7% | ||
| Q3 25 | 35.3% | 13.3% | ||
| Q2 25 | 31.3% | 14.3% | ||
| Q1 25 | 32.4% | -4.4% | ||
| Q4 24 | 31.0% | -14.9% | ||
| Q3 24 | 29.2% | 8.9% | ||
| Q2 24 | 32.3% | 12.5% | ||
| Q1 24 | 30.7% | -1.9% |
| Q4 25 | 30.3% | -7.0% | ||
| Q3 25 | 29.6% | 5.0% | ||
| Q2 25 | 28.8% | 9.3% | ||
| Q1 25 | 29.7% | -5.4% | ||
| Q4 24 | 27.6% | -33.4% | ||
| Q3 24 | 30.0% | 3.9% | ||
| Q2 24 | 29.4% | 8.3% | ||
| Q1 24 | 27.2% | -7.1% |
| Q4 25 | $1.47 | $-0.06 | ||
| Q3 25 | $1.39 | $0.07 | ||
| Q2 25 | $1.29 | $0.13 | ||
| Q1 25 | $1.29 | $-0.05 | ||
| Q4 24 | $1.19 | $-0.24 | ||
| Q3 24 | $1.24 | $0.05 | ||
| Q2 24 | $1.17 | $0.11 | ||
| Q1 24 | $1.05 | $-0.07 |
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 | — | $279.8M |
| Stockholders' EquityBook value | $561.2M | $405.9M |
| Total Assets | $1.1B | $823.2M |
| Debt / EquityLower = less leverage | — | 0.69× |
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 | $281.2M | — | ||
| Q1 24 | $273.8M | — |
| Q4 25 | — | $279.8M | ||
| Q3 25 | — | $281.1M | ||
| Q2 25 | — | $281.5M | ||
| Q1 25 | — | $306.9M | ||
| Q4 24 | — | $281.5M | ||
| Q3 24 | — | $282.8M | ||
| Q2 24 | — | $282.4M | ||
| Q1 24 | — | $282.8M |
| Q4 25 | $561.2M | $405.9M | ||
| Q3 25 | $529.4M | $408.4M | ||
| Q2 25 | $508.2M | $398.4M | ||
| Q1 25 | $498.0M | $381.1M | ||
| Q4 24 | $477.1M | $387.2M | ||
| Q3 24 | $449.6M | $416.6M | ||
| Q2 24 | $427.8M | $408.1M | ||
| Q1 24 | $404.2M | $391.8M |
| Q4 25 | $1.1B | $823.2M | ||
| Q3 25 | $1.0B | $844.4M | ||
| Q2 25 | $999.5M | $822.1M | ||
| Q1 25 | $996.5M | $824.6M | ||
| Q4 24 | $973.5M | $794.2M | ||
| Q3 24 | $908.3M | $853.4M | ||
| Q2 24 | $876.6M | $830.0M | ||
| Q1 24 | $861.8M | $808.6M |
| Q4 25 | — | 0.69× | ||
| Q3 25 | — | 0.69× | ||
| Q2 25 | — | 0.71× | ||
| Q1 25 | — | 0.81× | ||
| Q4 24 | — | 0.73× | ||
| Q3 24 | — | 0.68× | ||
| Q2 24 | — | 0.69× | ||
| Q1 24 | — | 0.72× |
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 | $23.3M |
| Free Cash FlowOCF − Capex | $74.9M | $14.1M |
| FCF MarginFCF / Revenue | 42.8% | 14.1% |
| Capex IntensityCapex / Revenue | 0.4% | 9.2% |
| Cash ConversionOCF / Net Profit | 1.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | $38.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.7M | $23.3M | ||
| Q3 25 | $90.4M | $51.0M | ||
| Q2 25 | $33.8M | $36.0M | ||
| Q1 25 | $109.6M | $-46.9M | ||
| Q4 24 | $47.7M | $6.2M | ||
| Q3 24 | $61.0M | $37.2M | ||
| Q2 24 | $49.8M | $52.4M | ||
| Q1 24 | $85.5M | $-34.5M |
| Q4 25 | $74.9M | $14.1M | ||
| Q3 25 | $89.5M | $45.2M | ||
| Q2 25 | $32.4M | $29.1M | ||
| Q1 25 | $107.5M | $-50.3M | ||
| Q4 24 | $41.9M | $-98.0K | ||
| Q3 24 | $57.6M | $33.2M | ||
| Q2 24 | $48.8M | $47.9M | ||
| Q1 24 | $83.5M | $-39.9M |
| Q4 25 | 42.8% | 14.1% | ||
| Q3 25 | 52.7% | 27.9% | ||
| Q2 25 | 19.8% | 16.8% | ||
| Q1 25 | 67.3% | -45.2% | ||
| Q4 24 | 26.3% | -0.1% | ||
| Q3 24 | 37.4% | 22.1% | ||
| Q2 24 | 32.8% | 29.9% | ||
| Q1 24 | 57.2% | -36.0% |
| Q4 25 | 0.4% | 9.2% | ||
| Q3 25 | 0.5% | 3.6% | ||
| Q2 25 | 0.8% | 4.0% | ||
| Q1 25 | 1.3% | 3.1% | ||
| Q4 24 | 3.7% | 7.2% | ||
| Q3 24 | 2.2% | 2.7% | ||
| Q2 24 | 0.7% | 2.8% | ||
| Q1 24 | 1.4% | 4.8% |
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.80× | 6.29× | ||
| Q2 25 | 0.71× | 2.25× | ||
| Q1 25 | 2.31× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.32× | 6.32× | ||
| Q2 24 | 1.14× | 3.95× | ||
| Q1 24 | 2.15× | — |
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% |
SWIM
| In Ground Swimming Pools | $50.2M | 50% |
| Covers | $37.0M | 37% |
| Liners | $12.7M | 13% |
