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Side-by-side financial comparison of QUALYS, INC. (QLYS) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $175.3M, roughly 1.9× QUALYS, INC.). QUALYS, INC. runs the higher net margin — 30.3% vs -12.9%, a 43.2% gap on every dollar of revenue. On growth, QUALYS, INC. posted the faster year-over-year revenue change (10.1% vs -0.4%). QUALYS, INC. produced more free cash flow last quarter ($74.9M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 9.6%).
Qualys, Inc. is an American technology firm based in Foster City, California, specializing in cloud security, compliance and related services.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
QLYS vs WD — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $175.3M | $340.0M |
| Net Profit | $53.1M | $-13.9M |
| Gross Margin | 83.4% | — |
| Operating Margin | 33.6% | -17.2% |
| Net Margin | 30.3% | -12.9% |
| Revenue YoY | 10.1% | -0.4% |
| Net Profit YoY | 20.9% | -131.0% |
| EPS (diluted) | $1.47 | $-0.41 |
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 | $340.0M | ||
| Q3 25 | $169.9M | $337.7M | ||
| Q2 25 | $164.1M | $319.2M | ||
| Q1 25 | $159.9M | $237.4M | ||
| Q4 24 | $159.2M | $341.5M | ||
| Q3 24 | $153.9M | $292.3M | ||
| Q2 24 | $148.7M | $270.7M | ||
| Q1 24 | $145.8M | $228.1M |
| Q4 25 | $53.1M | $-13.9M | ||
| Q3 25 | $50.3M | $33.5M | ||
| Q2 25 | $47.3M | $34.0M | ||
| Q1 25 | $47.5M | $2.8M | ||
| Q4 24 | $44.0M | $44.8M | ||
| Q3 24 | $46.2M | $28.8M | ||
| Q2 24 | $43.8M | $22.7M | ||
| Q1 24 | $39.7M | $11.9M |
| Q4 25 | 83.4% | — | ||
| Q3 25 | 83.6% | — | ||
| Q2 25 | 82.4% | — | ||
| Q1 25 | 81.9% | — | ||
| Q4 24 | 81.8% | — | ||
| Q3 24 | 81.3% | — | ||
| Q2 24 | 82.2% | — | ||
| Q1 24 | 81.3% | — |
| Q4 25 | 33.6% | -17.2% | ||
| Q3 25 | 35.3% | 13.6% | ||
| Q2 25 | 31.3% | 14.5% | ||
| Q1 25 | 32.4% | 2.2% | ||
| Q4 24 | 31.0% | 15.3% | ||
| Q3 24 | 29.2% | 12.8% | ||
| Q2 24 | 32.3% | 10.4% | ||
| Q1 24 | 30.7% | 6.0% |
| Q4 25 | 30.3% | -12.9% | ||
| Q3 25 | 29.6% | 9.9% | ||
| Q2 25 | 28.8% | 10.6% | ||
| Q1 25 | 29.7% | 1.2% | ||
| Q4 24 | 27.6% | 13.1% | ||
| Q3 24 | 30.0% | 9.9% | ||
| Q2 24 | 29.4% | 8.4% | ||
| Q1 24 | 27.2% | 5.2% |
| Q4 25 | $1.47 | $-0.41 | ||
| Q3 25 | $1.39 | $0.98 | ||
| Q2 25 | $1.29 | $0.99 | ||
| Q1 25 | $1.29 | $0.08 | ||
| Q4 24 | $1.19 | $1.32 | ||
| Q3 24 | $1.24 | $0.85 | ||
| Q2 24 | $1.17 | $0.67 | ||
| Q1 24 | $1.05 | $0.35 |
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 | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $561.2M | $1.7B |
| Total Assets | $1.1B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $250.3M | $299.3M | ||
| Q3 25 | $225.3M | $274.8M | ||
| Q2 25 | $194.0M | $233.7M | ||
| Q1 25 | $290.7M | $181.0M | ||
| Q4 24 | $232.2M | $279.3M | ||
| Q3 24 | $235.4M | $179.8M | ||
| Q2 24 | $281.2M | $208.1M | ||
| Q1 24 | $273.8M | $216.5M |
| Q4 25 | $561.2M | $1.7B | ||
| Q3 25 | $529.4M | $1.8B | ||
| Q2 25 | $508.2M | $1.8B | ||
| Q1 25 | $498.0M | $1.7B | ||
| Q4 24 | $477.1M | $1.7B | ||
| Q3 24 | $449.6M | $1.7B | ||
| Q2 24 | $427.8M | $1.7B | ||
| Q1 24 | $404.2M | $1.7B |
| Q4 25 | $1.1B | $5.1B | ||
| Q3 25 | $1.0B | $5.8B | ||
| Q2 25 | $999.5M | $4.7B | ||
| Q1 25 | $996.5M | $4.5B | ||
| Q4 24 | $973.5M | $4.4B | ||
| Q3 24 | $908.3M | $4.6B | ||
| Q2 24 | $876.6M | $4.2B | ||
| Q1 24 | $861.8M | $3.8B |
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 | $-664.3M |
| Free Cash FlowOCF − Capex | $74.9M | $-680.1M |
| FCF MarginFCF / Revenue | 42.8% | -200.0% |
| Capex IntensityCapex / Revenue | 0.4% | 4.6% |
| Cash ConversionOCF / Net Profit | 1.42× | — |
| TTM Free Cash FlowTrailing 4 quarters | $304.4M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $75.7M | $-664.3M | ||
| Q3 25 | $90.4M | $-948.1M | ||
| Q2 25 | $33.8M | $-238.5M | ||
| Q1 25 | $109.6M | $-281.1M | ||
| Q4 24 | $47.7M | $129.4M | ||
| Q3 24 | $61.0M | $-202.0M | ||
| Q2 24 | $49.8M | $-237.8M | ||
| Q1 24 | $85.5M | $38.4M |
| Q4 25 | $74.9M | $-680.1M | ||
| Q3 25 | $89.5M | $-950.4M | ||
| Q2 25 | $32.4M | $-241.0M | ||
| Q1 25 | $107.5M | $-284.7M | ||
| Q4 24 | $41.9M | $116.4M | ||
| Q3 24 | $57.6M | $-204.0M | ||
| Q2 24 | $48.8M | $-241.7M | ||
| Q1 24 | $83.5M | $35.2M |
| Q4 25 | 42.8% | -200.0% | ||
| Q3 25 | 52.7% | -281.5% | ||
| Q2 25 | 19.8% | -75.5% | ||
| Q1 25 | 67.3% | -120.0% | ||
| Q4 24 | 26.3% | 34.1% | ||
| Q3 24 | 37.4% | -69.8% | ||
| Q2 24 | 32.8% | -89.3% | ||
| Q1 24 | 57.2% | 15.4% |
| Q4 25 | 0.4% | 4.6% | ||
| Q3 25 | 0.5% | 0.7% | ||
| Q2 25 | 0.8% | 0.8% | ||
| Q1 25 | 1.3% | 1.5% | ||
| Q4 24 | 3.7% | 3.8% | ||
| Q3 24 | 2.2% | 0.7% | ||
| Q2 24 | 0.7% | 1.4% | ||
| Q1 24 | 1.4% | 1.4% |
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.80× | -28.34× | ||
| Q2 25 | 0.71× | -7.02× | ||
| Q1 25 | 2.31× | -102.07× | ||
| Q4 24 | 1.09× | 2.89× | ||
| Q3 24 | 1.32× | -7.01× | ||
| Q2 24 | 1.14× | -10.49× | ||
| Q1 24 | 2.15× | 3.24× |
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% |
WD
Segment breakdown not available.
