Varonis Systems (VRNS) EV to FCF (2016 - 2026)
Varonis Systems' EV to FCF came in at 41.29 for Q3 2026, down 9.4% from 45.56 a year earlier but up 21.0% from the prior quarter.
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Analysis
Varonis Systems (VRNS) EV to FCF (2016 - 2026) Analysis & Trends
Over the trailing twelve months to Sep 30, 2026, Varonis Systems reported EV to FCF of 21.89, down 30.8% year-over-year; for FY2025, it was 22.05, down 46.5% from FY2024.
- EV to FCF has declined in each of the last three years.
- Going back by year, EV to FCF was 41.21 in FY2024 (-49.8%), 82.04 in FY2023 (-98.0%) and 4154.85 in FY2022.
- The five-year range for quarterly EV to FCF is 14.41 (Q1 2026) to 4154.85 (Q4 2022).
- Year-over-year, EV to FCF has declined for 12 consecutive quarters, with an average decline of 34.5% over the last eight quarters.
- Across the past five years, year-over-year decline in EV to FCF ran from 4.4% in Q2 2024 to 98.0% in Q4 2023.
- Business Quant data shows VRNS's EV to FCF at 34.11 (Q2 2026), 14.41 (Q1 2026) and 22.05 (Q4 2025) in the three quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 41.29 |
| Jun 30, 2026 | 34.11 |
| Mar 31, 2026 | 14.41 |
| Dec 31, 2025 | 22.05 |
| Sep 30, 2025 | 45.56 |
| Jun 30, 2025 | 39.38 |
| Mar 31, 2025 | 33.96 |
| Dec 31, 2024 | 41.21 |
| Sep 30, 2024 | 56.85 |
| Jun 30, 2024 | 58.80 |
| Mar 31, 2024 | 63.46 |
| Dec 31, 2023 | 82.04 |
| Sep 30, 2023 | 62.99 |
| Jun 30, 2023 | 61.53 |
| Mar 31, 2023 | 153.57 |
| Dec 31, 2022 | 4,154.85 |
| Sep 30, 2021 | 787.90 |
| Jun 30, 2021 | 647.14 |
| Mar 31, 2021 | 2,283.72 |
| Mar 31, 2019 | 256.31 |
API Access
Varonis Systems EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "VRNS", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();