A10 Networks vs Qualys
Qualys reported revenue of $669 million in fiscal 2025, 2.3 times A10 Networks' $291 million in fiscal 2025. A10 Networks' revenue grew 11.0% in its latest year, and Qualys' grew 10.1%. A10 Networks had an operating margin of 16.2%, against 33.2% at Qualys. Free cash flow was $65 million at A10 Networks and $304 million at Qualys.
Side by side
| A10 Networks | Qualys | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $291M | $669M |
| Revenue growth | 11.0% | 10.1% |
| Revenue growth a year, last 5 years | 5.2% | 13.0% |
| Gross margin | 79.3% | 82.8% |
| Operating margin | 16.2% | 33.2% |
| Net margin | 14.5% | 29.6% |
| Free cash flow | $65M | $304M |
| Free cash flow margin | 22.3% | 45.5% |
| Return on capital | — | 169.1% |
| Net debt to EBITDA | −2.6x | −1.9x |
| Dividends and buybacks | $86M | $183M |
| Change in diluted share count | −2.3% | −2.4% |
| Last close | $24.76 | $190.41 |
| P/E at the last close | 38.1× | 32.9× |
| Insider trades, last 12 months | sold $3.2 million | sold $23.1 million |
| Piotroski F-score | 5 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
A10 NetworksQualys
Operating margin
Percent of revenue
A10 NetworksQualys
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
A10 NetworksQualys
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the A10 Networks and Qualys pages.