Qualys Inc (QLYS)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 446,973 432,634 416,946 401,246 386,935 369,886 352,772 336,075 321,733 309,261 299,256 291,045 283,737 277,658 270,771 262,224 252,090 241,264 230,848 221,361
Revenue (ttm) US$ in thousands 554,458 540,737 524,302 506,986 489,723 468,654 448,027 427,836 411,172 396,193 384,328 373,456 362,963 352,826 342,428 332,527 321,607 311,143 300,130 289,354
Gross profit margin 80.61% 80.01% 79.52% 79.14% 79.01% 78.93% 78.74% 78.55% 78.25% 78.06% 77.86% 77.93% 78.17% 78.70% 79.07% 78.86% 78.38% 77.54% 76.92% 76.50%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $446,973K ÷ $554,458K
= 80.61%

Qualys Inc has shown a consistent improvement in its gross profit margin over the past eight quarters, reflecting strong operational efficiency and effective cost management. The company's gross profit margin has gradually increased from 78.55% in Q1 2022 to 80.61% in Q4 2023. This upward trend indicates that Qualys has been able to effectively control its cost of goods sold while generating higher revenue.

The company has been able to maintain a high level of gross profit margin above 78%, indicating that Qualys has a strong pricing strategy and effective control over its production costs. This trend is a positive sign for investors and stakeholders as it suggests that the company is efficiently converting its revenue into gross profit.

Overall, Qualys Inc's gross profit margin analysis shows that the company is effectively managing its cost structure and is likely focused on improving profitability. This trend reflects positively on the company's financial health and strategic direction.


Peer comparison

Dec 31, 2023