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

Vital Farms, Inc. is the larger business by last-quarter revenue ($213.6M vs $175.3M, roughly 1.2× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs 7.6%, a 22.7% gap on every dollar of revenue. On growth, Vital Farms, Inc. posted the faster year-over-year revenue change (28.7% vs 10.1%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-32.1M). Over the past eight quarters, Vital Farms, Inc.'s revenue compounded faster (20.2% CAGR vs 9.6%).

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

Vital Tomosi Dairy Limited is a dairy processing company in Uganda. The company is a joint venture between Vital Capital Fund, "an impact investing fund primarily focused on Sub-Saharan Africa", and "Tomosi Dairy Farms, a Ugandan producer of dairy products".

QLYS vs VITL — Head-to-Head

Bigger by revenue
VITL
VITL
1.2× larger
VITL
$213.6M
$175.3M
QLYS
Growing faster (revenue YoY)
VITL
VITL
+18.5% gap
VITL
28.7%
10.1%
QLYS
Higher net margin
QLYS
QLYS
22.7% more per $
QLYS
30.3%
7.6%
VITL
More free cash flow
QLYS
QLYS
$107.1M more FCF
QLYS
$74.9M
$-32.1M
VITL
Faster 2-yr revenue CAGR
VITL
VITL
Annualised
VITL
20.2%
9.6%
QLYS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
QLYS
QLYS
VITL
VITL
Revenue
$175.3M
$213.6M
Net Profit
$53.1M
$16.3M
Gross Margin
83.4%
35.8%
Operating Margin
33.6%
10.0%
Net Margin
30.3%
7.6%
Revenue YoY
10.1%
28.7%
Net Profit YoY
20.9%
54.3%
EPS (diluted)
$1.47
$0.35

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
VITL
VITL
Q4 25
$175.3M
$213.6M
Q3 25
$169.9M
$198.9M
Q2 25
$164.1M
$184.8M
Q1 25
$159.9M
$162.2M
Q4 24
$159.2M
$166.0M
Q3 24
$153.9M
$145.0M
Q2 24
$148.7M
$147.4M
Q1 24
$145.8M
$147.9M
Net Profit
QLYS
QLYS
VITL
VITL
Q4 25
$53.1M
$16.3M
Q3 25
$50.3M
$16.4M
Q2 25
$47.3M
$16.6M
Q1 25
$47.5M
$16.9M
Q4 24
$44.0M
$10.6M
Q3 24
$46.2M
$7.4M
Q2 24
$43.8M
$16.3M
Q1 24
$39.7M
$19.0M
Gross Margin
QLYS
QLYS
VITL
VITL
Q4 25
83.4%
35.8%
Q3 25
83.6%
37.7%
Q2 25
82.4%
38.9%
Q1 25
81.9%
38.5%
Q4 24
81.8%
36.1%
Q3 24
81.3%
36.9%
Q2 24
82.2%
39.1%
Q1 24
81.3%
39.8%
Operating Margin
QLYS
QLYS
VITL
VITL
Q4 25
33.6%
10.0%
Q3 25
35.3%
10.8%
Q2 25
31.3%
12.9%
Q1 25
32.4%
13.4%
Q4 24
31.0%
7.8%
Q3 24
29.2%
6.4%
Q2 24
32.3%
11.6%
Q1 24
30.7%
16.3%
Net Margin
QLYS
QLYS
VITL
VITL
Q4 25
30.3%
7.6%
Q3 25
29.6%
8.3%
Q2 25
28.8%
9.0%
Q1 25
29.7%
10.4%
Q4 24
27.6%
6.4%
Q3 24
30.0%
5.1%
Q2 24
29.4%
11.1%
Q1 24
27.2%
12.9%
EPS (diluted)
QLYS
QLYS
VITL
VITL
Q4 25
$1.47
$0.35
Q3 25
$1.39
$0.36
Q2 25
$1.29
$0.36
Q1 25
$1.29
$0.37
Q4 24
$1.19
$0.23
Q3 24
$1.24
$0.16
Q2 24
$1.17
$0.36
Q1 24
$1.05
$0.43

Balance Sheet & Financial Strength

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

Metric
QLYS
QLYS
VITL
VITL
Cash + ST InvestmentsLiquidity on hand
$250.3M
$48.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$561.2M
$351.3M
Total Assets
$1.1B
$518.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
QLYS
QLYS
VITL
VITL
Q4 25
$250.3M
$48.8M
Q3 25
$225.3M
$93.8M
Q2 25
$194.0M
$108.2M
Q1 25
$290.7M
$156.3M
Q4 24
$232.2M
$150.6M
Q3 24
$235.4M
$149.5M
Q2 24
$281.2M
$133.2M
Q1 24
$273.8M
$113.8M
Stockholders' Equity
QLYS
QLYS
VITL
VITL
Q4 25
$561.2M
$351.3M
Q3 25
$529.4M
$331.2M
Q2 25
$508.2M
$309.8M
Q1 25
$498.0M
$288.9M
Q4 24
$477.1M
$269.3M
Q3 24
$449.6M
$253.4M
Q2 24
$427.8M
$238.4M
Q1 24
$404.2M
$213.3M
Total Assets
QLYS
QLYS
VITL
VITL
Q4 25
$1.1B
$518.7M
Q3 25
$1.0B
$481.5M
Q2 25
$999.5M
$430.8M
Q1 25
$996.5M
$376.9M
Q4 24
$973.5M
$359.3M
Q3 24
$908.3M
$344.7M
Q2 24
$876.6M
$320.5M
Q1 24
$861.8M
$300.2M

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
VITL
VITL
Operating Cash FlowLast quarter
$75.7M
$5.8M
Free Cash FlowOCF − Capex
$74.9M
$-32.1M
FCF MarginFCF / Revenue
42.8%
-15.1%
Capex IntensityCapex / Revenue
0.4%
17.8%
Cash ConversionOCF / Net Profit
1.42×
0.35×
TTM Free Cash FlowTrailing 4 quarters
$304.4M
$-48.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
QLYS
QLYS
VITL
VITL
Q4 25
$75.7M
$5.8M
Q3 25
$90.4M
$23.4M
Q2 25
$33.8M
$-761.0K
Q1 25
$109.6M
$5.3M
Q4 24
$47.7M
$14.8M
Q3 24
$61.0M
$10.0M
Q2 24
$49.8M
$16.1M
Q1 24
$85.5M
$23.9M
Free Cash Flow
QLYS
QLYS
VITL
VITL
Q4 25
$74.9M
$-32.1M
Q3 25
$89.5M
$-10.6M
Q2 25
$32.4M
$-7.6M
Q1 25
$107.5M
$2.1M
Q4 24
$41.9M
$-3.4M
Q3 24
$57.6M
$6.4M
Q2 24
$48.8M
$10.5M
Q1 24
$83.5M
$22.6M
FCF Margin
QLYS
QLYS
VITL
VITL
Q4 25
42.8%
-15.1%
Q3 25
52.7%
-5.3%
Q2 25
19.8%
-4.1%
Q1 25
67.3%
1.3%
Q4 24
26.3%
-2.0%
Q3 24
37.4%
4.4%
Q2 24
32.8%
7.2%
Q1 24
57.2%
15.3%
Capex Intensity
QLYS
QLYS
VITL
VITL
Q4 25
0.4%
17.8%
Q3 25
0.5%
17.1%
Q2 25
0.8%
3.7%
Q1 25
1.3%
1.9%
Q4 24
3.7%
10.9%
Q3 24
2.2%
2.5%
Q2 24
0.7%
3.8%
Q1 24
1.4%
0.9%
Cash Conversion
QLYS
QLYS
VITL
VITL
Q4 25
1.42×
0.35×
Q3 25
1.80×
1.43×
Q2 25
0.71×
-0.05×
Q1 25
2.31×
0.31×
Q4 24
1.09×
1.40×
Q3 24
1.32×
1.34×
Q2 24
1.14×
0.99×
Q1 24
2.15×
1.26×

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%

VITL
VITL

Eggs And Egg Related Products$205.8M96%
Butter And Butter Related Products$7.7M4%

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