Q2 Holdings vs Rapid7
Q2 Holdings and Rapid7 are similar in size: $795m and $860m of revenue in their latest fiscal years. Q2 Holdings grew faster (14.1% against 1.9%). Q2 Holdings kept more of each dollar of sales as profit: a net margin of 6.5% against 2.7%. Q2 Holdings carries less debt relative to equity (45.8% against 576.7%).
| Latest fiscal year | Q2 HoldingsQTWO, 2025 | Rapid7RPD, 2025 |
|---|---|---|
| Revenue | $795m | $860m |
| Revenue growth | 14.1% | 1.9% |
| Net income | $52.0m | $23.4m |
| Operating margin | 5.0% | 1.3% |
| Net margin | 6.5% | 2.7% |
| Return on equity | 8.8% | 27.1% |
| Free cash flow | $195m | $146m |
| Cash | $368m | $247m |
| Total debt | $303m | $892m |
| Debt to equity | 45.8% | 576.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $5.0m | — |
| Employees | 2,549 | 2,613 |
| Market value | $4.45bn | $990m |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 25 (Weak) | 26 (Weak) |
| Insider trades, 12 months | 0 buys, 0 sales | 7 buys, 4 sales |