BlackBerry vs Qualys
Qualys reported revenue of $669 million in fiscal 2025, 1.2 times BlackBerry's $549 million in fiscal 2026. BlackBerry's revenue grew 2.6% in its latest year, and Qualys' grew 10.1%. BlackBerry had an operating margin of 8.8%, against 33.2% at Qualys. Free cash flow was $46 million at BlackBerry and $304 million at Qualys. Their fiscal years end in different months (February 28 and December 31), so the periods don't line up exactly.
Side by side
| BlackBerry | Qualys | |
|---|---|---|
| Latest fiscal year | FY2026, Feb 28, 2026 | FY2025, Dec 31, 2025 |
| Revenue | $549M | $669M |
| Revenue growth | 2.6% | 10.1% |
| Revenue growth a year, last 5 years | −9.3% | 13.0% |
| Gross margin | 76.2% | 82.8% |
| Operating margin | 8.8% | 33.2% |
| Net margin | 9.7% | 29.6% |
| Free cash flow | $46M | $304M |
| Free cash flow margin | 8.5% | 45.5% |
| Return on capital | 7.5% | 169.1% |
| Net debt to EBITDA | −2.5x | −1.9x |
| Dividends and buybacks | $61M | $183M |
| Change in diluted share count | 1.0% | −2.4% |
| Last close | $9.19 | $225.15 |
| P/E at the last close | 76.6× | 39.0× |
| Insider trades, last 12 months | sold $8.7 million | sold $22.6 million |
| Piotroski F-score | 6 of 9 | 6 of 9 |
Amounts in each company's own currency, US$ 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
BlackBerryQualys
Operating margin
Percent of revenue
BlackBerryQualys
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
BlackBerryQualys
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 BlackBerry and Qualys pages.