Blackline vs Qualys
Blackline and Qualys are similar in size: $700m and $669m of revenue in their latest fiscal years. Qualys grew faster (10.1% against 7.2%). Qualys kept more of each dollar of sales as profit: a net margin of 29.6% against 3.5%. Qualys carries less debt relative to equity (0.0% against 269.6%).
| Latest fiscal year | BlacklineBL, 2025 | QualysQLYS, 2025 |
|---|---|---|
| Revenue | $700m | $669m |
| Revenue growth | 7.2% | 10.1% |
| Net income | $24.5m | $198m |
| Operating margin | 3.6% | 33.2% |
| Net margin | 3.5% | 29.6% |
| Return on equity | 6.3% | 38.2% |
| Free cash flow | $161m | $304m |
| Cash | $390m | $250m |
| Total debt | $896m | $0 |
| Debt to equity | 269.6% | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $236m | $183m |
| Employees | — | — |
| Market value | $1.94bn | $7.30bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 34 (Weak) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 6 sales | 0 buys, 156 sales |