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QUALYS, INC.（QLYS）与TELOS CORP（TLS）财务数据对比。点击上方公司名可切换其他公司
QUALYS, INC.的季度营收约是TELOS CORP的3.7倍（$175.3M vs $46.8M），QUALYS, INC.净利率更高（30.3% vs -34.9%，领先65.2%），TELOS CORP同比增速更快（77.4% vs 10.1%），QUALYS, INC.自由现金流更多（$74.9M vs $8.0M），过去两年TELOS CORP的营收复合增速更高（25.7% vs 9.6%）
Qualys是总部位于美国加利福尼亚州福斯特城的科技企业，专注于云安全、合规管理及相关服务，为客户提供覆盖云环境的安全防护与合规解决方案，助力企业应对各类网络安全风险，满足不同行业的合规运营需求。
泰洛斯公司（Telos Corporation）是一家信息技术与网络安全企业，总部位于美国弗吉尼亚州阿什本。公司主要服务对象为政府与企业客户，业务合同大部分来自美国国防部，核心客户涵盖美国军方、情报机构、民政部门以及北约盟友机构。
QLYS vs TLS — 直观对比
营收规模更大
QLYS
是对方的3.7倍
$46.8M
营收增速更快
TLS
高出67.3%
10.1%
净利率更高
QLYS
高出65.2%
-34.9%
自由现金流更多
QLYS
多$67.0M
$8.0M
两年增速更快
TLS
近两年复合增速
9.6%
损益表 — Q4 FY2025 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $175.3M | $46.8M |
| 净利润 | $53.1M | $-16.3M |
| 毛利率 | 83.4% | 35.0% |
| 营业利润率 | 33.6% | -39.6% |
| 净利率 | 30.3% | -34.9% |
| 营收同比 | 10.1% | 77.4% |
| 净利润同比 | 20.9% | -74.8% |
| 每股收益（稀释后） | $1.47 | $-0.22 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收QLYSTLS
| Q4 25 | $175.3M | $46.8M | ||
| Q3 25 | $169.9M | $51.4M | ||
| Q2 25 | $164.1M | $36.0M | ||
| Q1 25 | $159.9M | $30.6M | ||
| Q4 24 | $159.2M | $26.4M | ||
| Q3 24 | $153.9M | $23.8M | ||
| Q2 24 | $148.7M | $28.5M | ||
| Q1 24 | $145.8M | $29.6M |
净利润QLYSTLS
| Q4 25 | $53.1M | $-16.3M | ||
| Q3 25 | $50.3M | $-2.1M | ||
| Q2 25 | $47.3M | $-9.5M | ||
| Q1 25 | $47.5M | $-8.6M | ||
| Q4 24 | $44.0M | $-9.3M | ||
| Q3 24 | $46.2M | $-28.1M | ||
| Q2 24 | $43.8M | $-7.8M | ||
| Q1 24 | $39.7M | $-7.4M |
毛利率QLYSTLS
| Q4 25 | 83.4% | 35.0% | ||
| Q3 25 | 83.6% | 39.9% | ||
| Q2 25 | 82.4% | 33.2% | ||
| Q1 25 | 81.9% | 39.8% | ||
| Q4 24 | 81.8% | 40.3% | ||
| Q3 24 | 81.3% | 13.2% | ||
| Q2 24 | 82.2% | 34.1% | ||
| Q1 24 | 81.3% | 37.0% |
营业利润率QLYSTLS
| Q4 25 | 33.6% | -39.6% | ||
| Q3 25 | 35.3% | -4.8% | ||
| Q2 25 | 31.3% | -27.5% | ||
| Q1 25 | 32.4% | -29.5% | ||
| Q4 24 | 31.0% | -37.6% | ||
| Q3 24 | 29.2% | -121.4% | ||
| Q2 24 | 32.3% | -30.3% | ||
| Q1 24 | 30.7% | -28.5% |
净利率QLYSTLS
| Q4 25 | 30.3% | -34.9% | ||
| Q3 25 | 29.6% | -4.1% | ||
| Q2 25 | 28.8% | -26.5% | ||
| Q1 25 | 29.7% | -28.1% | ||
| Q4 24 | 27.6% | -35.4% | ||
| Q3 24 | 30.0% | -118.0% | ||
| Q2 24 | 29.4% | -27.2% | ||
| Q1 24 | 27.2% | -24.9% |
每股收益（稀释后）QLYSTLS
| Q4 25 | $1.47 | $-0.22 | ||
| Q3 25 | $1.39 | $-0.03 | ||
| Q2 25 | $1.29 | $-0.13 | ||
| Q1 25 | $1.29 | $-0.12 | ||
| Q4 24 | $1.19 | $-0.13 | ||
| Q3 24 | $1.24 | $-0.39 | ||
| Q2 24 | $1.17 | $-0.11 | ||
| Q1 24 | $1.05 | $-0.10 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $250.3M | $53.2M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $561.2M | $96.0M |
| 总资产 | $1.1B | $139.9M |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资QLYSTLS
| Q4 25 | $250.3M | $53.2M | ||
| Q3 25 | $225.3M | $59.0M | ||
| Q2 25 | $194.0M | $57.0M | ||
| Q1 25 | $290.7M | $57.8M | ||
| Q4 24 | $232.2M | $54.6M | ||
| Q3 24 | $235.4M | $69.8M | ||
| Q2 24 | $281.2M | $80.1M | ||
| Q1 24 | $273.8M | $93.9M |
股东权益QLYSTLS
| Q4 25 | $561.2M | $96.0M | ||
| Q3 25 | $529.4M | $119.7M | ||
| Q2 25 | $508.2M | $118.4M | ||
| Q1 25 | $498.0M | $126.1M | ||
| Q4 24 | $477.1M | $127.1M | ||
| Q3 24 | $449.6M | $129.5M | ||
| Q2 24 | $427.8M | $149.1M | ||
| Q1 24 | $404.2M | $154.4M |
总资产QLYSTLS
| Q4 25 | $1.1B | $139.9M | ||
| Q3 25 | $1.0B | $164.3M | ||
| Q2 25 | $999.5M | $165.0M | ||
| Q1 25 | $996.5M | $158.1M | ||
| Q4 24 | $973.5M | $158.2M | ||
| Q3 24 | $908.3M | $166.3M | ||
| Q2 24 | $876.6M | $182.4M | ||
| Q1 24 | $861.8M | $195.4M |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $75.7M | $8.0M |
| 自由现金流经营现金流 - 资本支出 | $74.9M | $8.0M |
| 自由现金流率自由现金流/营收 | 42.8% | 17.0% |
| 资本支出强度资本支出/营收 | 0.4% | 0.1% |
| 现金转化率经营现金流/净利润 | 1.42× | — |
| 过去12个月自由现金流最近4个季度 | $304.4M | $29.4M |
8季度趋势，按日历期对齐
经营现金流QLYSTLS
| Q4 25 | $75.7M | $8.0M | ||
| Q3 25 | $90.4M | $9.1M | ||
| Q2 25 | $33.8M | $7.0M | ||
| Q1 25 | $109.6M | $6.1M | ||
| Q4 24 | $47.7M | $-10.5M | ||
| Q3 24 | $61.0M | $-7.1M | ||
| Q2 24 | $49.8M | $-8.0M | ||
| Q1 24 | $85.5M | $-350.0K |
自由现金流QLYSTLS
| Q4 25 | $74.9M | $8.0M | ||
| Q3 25 | $89.5M | $8.7M | ||
| Q2 25 | $32.4M | $6.8M | ||
| Q1 25 | $107.5M | $6.0M | ||
| Q4 24 | $41.9M | $-12.4M | ||
| Q3 24 | $57.6M | $-7.1M | ||
| Q2 24 | $48.8M | $-8.2M | ||
| Q1 24 | $83.5M | $-447.0K |
自由现金流率QLYSTLS
| Q4 25 | 42.8% | 17.0% | ||
| Q3 25 | 52.7% | 16.9% | ||
| Q2 25 | 19.8% | 19.0% | ||
| Q1 25 | 67.3% | 19.5% | ||
| Q4 24 | 26.3% | -47.0% | ||
| Q3 24 | 37.4% | -30.0% | ||
| Q2 24 | 32.8% | -28.9% | ||
| Q1 24 | 57.2% | -1.5% |
资本支出强度QLYSTLS
| Q4 25 | 0.4% | 0.1% | ||
| Q3 25 | 0.5% | 0.9% | ||
| Q2 25 | 0.8% | 0.4% | ||
| Q1 25 | 1.3% | 0.4% | ||
| Q4 24 | 3.7% | 7.1% | ||
| Q3 24 | 2.2% | 0.2% | ||
| Q2 24 | 0.7% | 0.8% | ||
| Q1 24 | 1.4% | 0.3% |
现金转化率QLYSTLS
| Q4 25 | 1.42× | — | ||
| Q3 25 | 1.80× | — | ||
| Q2 25 | 0.71× | — | ||
| Q1 25 | 2.31× | — | ||
| Q4 24 | 1.09× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.14× | — | ||
| Q1 24 | 2.15× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
QLYS
| Sales Channel Through Intermediary | $88.6M | 51% |
| Sales Channel Directly To Consumer | $86.7M | 49% |
TLS
| Security Solutions Segment | $44.8M | 96% |
| Secure Networks Segment | $1.9M | 4% |
