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Side-by-side financial comparison of QUALYS, INC. (QLYS) and TREX CO INC (TREX). Click either name above to swap in a different company.
TREX CO INC is the larger business by last-quarter revenue ($343.4M vs $175.3M, roughly 2.0× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 17.9%, a 12.4% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs 1.0%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-143.4M). Over the past eight quarters, QUALYS, INC.'s revenue compounded faster (9.6% CAGR vs -4.5%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
Trex Company, Inc. is a manufacturer of wood-alternative composite decking, residential railing, and other outdoor items made from recycled materials. Its headquarters is in Winchester, Virginia.
QLYS vs TREX — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $343.4M |
| Net Profit | $53.1M | $61.4M |
| Gross Margin | 83.4% | 40.5% |
| Operating Margin | 33.6% | 24.3% |
| Net Margin | 30.3% | 17.9% |
| Revenue YoY | 10.1% | 1.0% |
| Net Profit YoY | 20.9% | 1.6% |
| EPS (diluted) | $1.47 | $0.58 |
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.
| Q1 26 | — | $343.4M | ||
| Q4 25 | $175.3M | $161.1M | ||
| Q3 25 | $169.9M | $285.3M | ||
| Q2 25 | $164.1M | $387.8M | ||
| Q1 25 | $159.9M | $340.0M | ||
| Q4 24 | $159.2M | $167.6M | ||
| Q3 24 | $153.9M | $233.7M | ||
| Q2 24 | $148.7M | $376.5M |
| Q1 26 | — | $61.4M | ||
| Q4 25 | $53.1M | $2.3M | ||
| Q3 25 | $50.3M | $51.8M | ||
| Q2 25 | $47.3M | $75.9M | ||
| Q1 25 | $47.5M | $60.4M | ||
| Q4 24 | $44.0M | $9.8M | ||
| Q3 24 | $46.2M | $40.6M | ||
| Q2 24 | $43.8M | $87.0M |
| Q1 26 | — | 40.5% | ||
| Q4 25 | 83.4% | 30.2% | ||
| Q3 25 | 83.6% | 40.5% | ||
| Q2 25 | 82.4% | 40.8% | ||
| Q1 25 | 81.9% | 40.5% | ||
| Q4 24 | 81.8% | 32.7% | ||
| Q3 24 | 81.3% | 39.9% | ||
| Q2 24 | 82.2% | 44.7% |
| Q1 26 | — | 24.3% | ||
| Q4 25 | 33.6% | 2.2% | ||
| Q3 25 | 35.3% | 24.7% | ||
| Q2 25 | 31.3% | 26.4% | ||
| Q1 25 | 32.4% | 24.0% | ||
| Q4 24 | 31.0% | 9.2% | ||
| Q3 24 | 29.2% | 23.2% | ||
| Q2 24 | 32.3% | 31.1% |
| Q1 26 | — | 17.9% | ||
| Q4 25 | 30.3% | 1.4% | ||
| Q3 25 | 29.6% | 18.1% | ||
| Q2 25 | 28.8% | 19.6% | ||
| Q1 25 | 29.7% | 17.8% | ||
| Q4 24 | 27.6% | 5.8% | ||
| Q3 24 | 30.0% | 17.4% | ||
| Q2 24 | 29.4% | 23.1% |
| Q1 26 | — | $0.58 | ||
| Q4 25 | $1.47 | $0.03 | ||
| Q3 25 | $1.39 | $0.48 | ||
| Q2 25 | $1.29 | $0.71 | ||
| Q1 25 | $1.29 | $0.56 | ||
| Q4 24 | $1.19 | $0.10 | ||
| Q3 24 | $1.24 | $0.37 | ||
| Q2 24 | $1.17 | $0.80 |
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 | $4.5M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $561.2M | $995.8M |
| Total Assets | $1.1B | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $4.5M | ||
| Q4 25 | $250.3M | $3.8M | ||
| Q3 25 | $225.3M | $11.4M | ||
| Q2 25 | $194.0M | $5.5M | ||
| Q1 25 | $290.7M | $5.0M | ||
| Q4 24 | $232.2M | $1.3M | ||
| Q3 24 | $235.4M | $12.8M | ||
| Q2 24 | $281.2M | $1.2M |
| Q1 26 | — | $995.8M | ||
| Q4 25 | $561.2M | $1.0B | ||
| Q3 25 | $529.4M | $1.0B | ||
| Q2 25 | $508.2M | $989.3M | ||
| Q1 25 | $498.0M | $910.1M | ||
| Q4 24 | $477.1M | $850.1M | ||
| Q3 24 | $449.6M | $887.9M | ||
| Q2 24 | $427.8M | $894.9M |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $1.1B | $1.5B | ||
| Q3 25 | $1.0B | $1.5B | ||
| Q2 25 | $999.5M | $1.5B | ||
| Q1 25 | $996.5M | $1.6B | ||
| Q4 24 | $973.5M | $1.3B | ||
| Q3 24 | $908.3M | $1.3B | ||
| Q2 24 | $876.6M | $1.3B |
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 | $-118.4M |
| Free Cash FlowOCF − Capex | $74.9M | $-143.4M |
| FCF MarginFCF / Revenue | 42.8% | -41.8% |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 1.42× | -1.93× |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | $224.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-118.4M | ||
| Q4 25 | $75.7M | $65.5M | ||
| Q3 25 | $90.4M | $196.9M | ||
| Q2 25 | $33.8M | $249.8M | ||
| Q1 25 | $109.6M | $-154.0M | ||
| Q4 24 | $47.7M | $-8.5M | ||
| Q3 24 | $61.0M | $132.8M | ||
| Q2 24 | $49.8M | $193.7M |
| Q1 26 | — | $-143.4M | ||
| Q4 25 | $74.9M | $22.1M | ||
| Q3 25 | $89.5M | $142.9M | ||
| Q2 25 | $32.4M | $203.0M | ||
| Q1 25 | $107.5M | $-233.5M | ||
| Q4 24 | $41.9M | $-89.3M | ||
| Q3 24 | $57.6M | $54.5M | ||
| Q2 24 | $48.8M | $158.2M |
| Q1 26 | — | -41.8% | ||
| Q4 25 | 42.8% | 13.7% | ||
| Q3 25 | 52.7% | 50.1% | ||
| Q2 25 | 19.8% | 52.3% | ||
| Q1 25 | 67.3% | -68.7% | ||
| Q4 24 | 26.3% | -53.3% | ||
| Q3 24 | 37.4% | 23.3% | ||
| Q2 24 | 32.8% | 42.0% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 26.9% | ||
| Q3 25 | 0.5% | 18.9% | ||
| Q2 25 | 0.8% | 12.1% | ||
| Q1 25 | 1.3% | 23.4% | ||
| Q4 24 | 3.7% | 48.2% | ||
| Q3 24 | 2.2% | 33.5% | ||
| Q2 24 | 0.7% | 9.4% |
| Q1 26 | — | -1.93× | ||
| Q4 25 | 1.42× | 28.45× | ||
| Q3 25 | 1.80× | 3.80× | ||
| Q2 25 | 0.71× | 3.29× | ||
| Q1 25 | 2.31× | -2.55× | ||
| Q4 24 | 1.09× | -0.87× | ||
| Q3 24 | 1.32× | 3.27× | ||
| Q2 24 | 1.14× | 2.23× |
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% |
TREX
Segment breakdown not available.
