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

Tecnoglass Inc. is the larger business by last-quarter revenue ($245.3M vs $175.3M, roughly 1.4× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 10.6%, a 19.7% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 2.4%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $11.4M). Over the past eight quarters, Tecnoglass Inc.'s revenue compounded faster (12.8% CAGR vs 9.6%).

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

Tecnoglass Inc. is a leading manufacturer of high-performance architectural glass, aluminum windows, doors, and associated building components. It primarily caters to residential and commercial construction sectors across North America and Latin America, offering custom, energy-efficient solutions for new construction and renovation projects.

QLYS vs TGLS — Head-to-Head

Bigger by revenue
TGLS
TGLS
1.4× larger
TGLS
$245.3M
$175.3M
QLYS
Growing faster (revenue YoY)
QLYS
QLYS
+7.7% gap
QLYS
10.1%
2.4%
TGLS
Higher net margin
QLYS
QLYS
19.7% more per $
QLYS
30.3%
10.6%
TGLS
More free cash flow
QLYS
QLYS
$63.5M more FCF
QLYS
$74.9M
$11.4M
TGLS
Faster 2-yr revenue CAGR
TGLS
TGLS
Annualised
TGLS
12.8%
9.6%
QLYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QLYS
QLYS
TGLS
TGLS
Revenue
$175.3M
$245.3M
Net Profit
$53.1M
$26.1M
Gross Margin
83.4%
40.0%
Operating Margin
33.6%
18.3%
Net Margin
30.3%
10.6%
Revenue YoY
10.1%
2.4%
Net Profit YoY
20.9%
-44.5%
EPS (diluted)
$1.47
$0.57

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
QLYS
QLYS
TGLS
TGLS
Q4 25
$175.3M
$245.3M
Q3 25
$169.9M
$260.5M
Q2 25
$164.1M
$255.5M
Q1 25
$159.9M
$222.3M
Q4 24
$159.2M
$239.6M
Q3 24
$153.9M
$238.3M
Q2 24
$148.7M
$219.7M
Q1 24
$145.8M
$192.6M
Net Profit
QLYS
QLYS
TGLS
TGLS
Q4 25
$53.1M
$26.1M
Q3 25
$50.3M
$47.2M
Q2 25
$47.3M
$44.1M
Q1 25
$47.5M
$42.2M
Q4 24
$44.0M
$47.0M
Q3 24
$46.2M
$49.5M
Q2 24
$43.8M
$35.0M
Q1 24
$39.7M
$29.7M
Gross Margin
QLYS
QLYS
TGLS
TGLS
Q4 25
83.4%
40.0%
Q3 25
83.6%
42.7%
Q2 25
82.4%
44.7%
Q1 25
81.9%
43.9%
Q4 24
81.8%
44.5%
Q3 24
81.3%
45.8%
Q2 24
82.2%
40.8%
Q1 24
81.3%
38.8%
Operating Margin
QLYS
QLYS
TGLS
TGLS
Q4 25
33.6%
18.3%
Q3 25
35.3%
25.1%
Q2 25
31.3%
24.0%
Q1 25
32.4%
26.7%
Q4 24
31.0%
28.0%
Q3 24
29.2%
28.4%
Q2 24
32.3%
23.3%
Q1 24
30.7%
21.3%
Net Margin
QLYS
QLYS
TGLS
TGLS
Q4 25
30.3%
10.6%
Q3 25
29.6%
18.1%
Q2 25
28.8%
17.3%
Q1 25
29.7%
19.0%
Q4 24
27.6%
19.6%
Q3 24
30.0%
20.8%
Q2 24
29.4%
15.9%
Q1 24
27.2%
15.4%
EPS (diluted)
QLYS
QLYS
TGLS
TGLS
Q4 25
$1.47
$0.57
Q3 25
$1.39
$1.01
Q2 25
$1.29
$0.94
Q1 25
$1.29
$0.90
Q4 24
$1.19
$1.00
Q3 24
$1.24
$1.05
Q2 24
$1.17
$0.75
Q1 24
$1.05
$0.63

Balance Sheet & Financial Strength

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

Metric
QLYS
QLYS
TGLS
TGLS
Cash + ST InvestmentsLiquidity on hand
$250.3M
$104.1M
Total DebtLower is stronger
$174.4M
Stockholders' EquityBook value
$561.2M
$713.1M
Total Assets
$1.1B
$1.3B
Debt / EquityLower = less leverage
0.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QLYS
QLYS
TGLS
TGLS
Q4 25
$250.3M
$104.1M
Q3 25
$225.3M
$127.1M
Q2 25
$194.0M
$140.9M
Q1 25
$290.7M
$160.2M
Q4 24
$232.2M
$137.5M
Q3 24
$235.4M
$124.8M
Q2 24
$281.2M
$129.5M
Q1 24
$273.8M
$138.8M
Total Debt
QLYS
QLYS
TGLS
TGLS
Q4 25
$174.4M
Q3 25
$114.7M
Q2 25
$110.6M
Q1 25
$110.6M
Q4 24
$111.1M
Q3 24
$126.8M
Q2 24
$144.7M
Q1 24
$160.9M
Stockholders' Equity
QLYS
QLYS
TGLS
TGLS
Q4 25
$561.2M
$713.1M
Q3 25
$529.4M
$764.0M
Q2 25
$508.2M
$736.0M
Q1 25
$498.0M
$685.1M
Q4 24
$477.1M
$631.2M
Q3 24
$449.6M
$613.3M
Q2 24
$427.8M
$574.8M
Q1 24
$404.2M
$573.6M
Total Assets
QLYS
QLYS
TGLS
TGLS
Q4 25
$1.1B
$1.3B
Q3 25
$1.0B
$1.2B
Q2 25
$999.5M
$1.2B
Q1 25
$996.5M
$1.1B
Q4 24
$973.5M
$1.0B
Q3 24
$908.3M
$996.3M
Q2 24
$876.6M
$942.5M
Q1 24
$861.8M
$981.6M
Debt / Equity
QLYS
QLYS
TGLS
TGLS
Q4 25
0.24×
Q3 25
0.15×
Q2 25
0.15×
Q1 25
0.16×
Q4 24
0.18×
Q3 24
0.21×
Q2 24
0.25×
Q1 24
0.28×

Cash Flow & Capital Efficiency

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

Metric
QLYS
QLYS
TGLS
TGLS
Operating Cash FlowLast quarter
$75.7M
$31.0M
Free Cash FlowOCF − Capex
$74.9M
$11.4M
FCF MarginFCF / Revenue
42.8%
4.7%
Capex IntensityCapex / Revenue
0.4%
8.0%
Cash ConversionOCF / Net Profit
1.42×
1.19×
TTM Free Cash FlowTrailing 4 quarters
$304.4M
$34.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QLYS
QLYS
TGLS
TGLS
Q4 25
$75.7M
$31.0M
Q3 25
$90.4M
$40.0M
Q2 25
$33.8M
$17.9M
Q1 25
$109.6M
$46.9M
Q4 24
$47.7M
$61.1M
Q3 24
$61.0M
$41.5M
Q2 24
$49.8M
$34.5M
Q1 24
$85.5M
$33.4M
Free Cash Flow
QLYS
QLYS
TGLS
TGLS
Q4 25
$74.9M
$11.4M
Q3 25
$89.5M
$21.2M
Q2 25
$32.4M
$-14.7M
Q1 25
$107.5M
$16.5M
Q4 24
$41.9M
$35.4M
Q3 24
$57.6M
$17.8M
Q2 24
$48.8M
$14.2M
Q1 24
$83.5M
$23.6M
FCF Margin
QLYS
QLYS
TGLS
TGLS
Q4 25
42.8%
4.7%
Q3 25
52.7%
8.2%
Q2 25
19.8%
-5.7%
Q1 25
67.3%
7.4%
Q4 24
26.3%
14.8%
Q3 24
37.4%
7.5%
Q2 24
32.8%
6.5%
Q1 24
57.2%
12.2%
Capex Intensity
QLYS
QLYS
TGLS
TGLS
Q4 25
0.4%
8.0%
Q3 25
0.5%
7.2%
Q2 25
0.8%
12.7%
Q1 25
1.3%
13.7%
Q4 24
3.7%
10.7%
Q3 24
2.2%
9.9%
Q2 24
0.7%
9.2%
Q1 24
1.4%
5.1%
Cash Conversion
QLYS
QLYS
TGLS
TGLS
Q4 25
1.42×
1.19×
Q3 25
1.80×
0.85×
Q2 25
0.71×
0.41×
Q1 25
2.31×
1.11×
Q4 24
1.09×
1.30×
Q3 24
1.32×
0.84×
Q2 24
1.14×
0.98×
Q1 24
2.15×
1.13×

Financial Flow Comparison

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

Revenue Breakdown by Segment

QLYS
QLYS

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

TGLS
TGLS

Product Sales$164.2M67%
Fixed Price Contracts$81.1M33%
Related Party$692.0K0%

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