Varonis Systems (VRNS) FCF Margin (2013 - 2026)
Varonis Systems (VRNS) recorded quarterly FCF Margin of 28.92% in Q1 2026, up 244.26% quarter-over-quarter from 8.4% in Q4 2025, and down 1921.0% on a YoY basis from 1.59% in Q1 2025.
Varonis Systems (VRNS) FCF Margin (2013 - 2026) Analysis & Trends
Varonis Systems' FCF Margin history runs 14 years deep, the most recent figure standing at 28.92% for Q1 2026.
- In Q1 2026, FCF Margin fell 1921.0% year-over-year to 28.92%; the TTM figure through Mar 2026 stood at 18.06% (down 243.0% YoY), while the FY2025 annual figure was 21.62%, up 192.0% from the prior year.
- FCF Margin was 28.92% for Q1 2026 at Varonis Systems, up from 8.4% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 49.75% in Q1 2024 to a low of 15.35% in Q2 2022.
- Historically, FCF Margin has averaged 15.24% across 5 years, with a median of 11.81% in 2025.
- The sharpest annual moves came in 2023 and 2026: FCF Margin jumped 1909 bps in 2023, then sank 1921 bps in 2026.
- A 5-year view of FCF Margin shows it stood at 0.23% in 2022, then soared by 3879 bps to 8.69% in 2023, then surged by 45 bps to 12.57% in 2024, then plunged by 33 bps to 8.4% in 2025, then soared by 244 bps to 28.92% in 2026.
- The last three FCF Margin figures came in at 28.92% (Q1 2026), 8.4% (Q4 2025), and 22.65% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 19.07% |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | - |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 55.23% |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 54.62% |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 14.80% |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 30.29% |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 55.21% |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 34.10% |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 14.55% |
| 10 | Varonis Systems | 3.77 Bn | 3.55 Bn | 131.56 Mn | 28.92% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 28.92% |
| Dec 31, 2025 | 8.40% |
| Sep 30, 2025 | 22.65% |
| Jun 30, 2025 | 11.81% |
| Mar 31, 2025 | 48.13% |
| Dec 31, 2024 | 12.57% |
| Sep 30, 2024 | 14.35% |
| Jun 30, 2024 | 8.14% |
| Mar 31, 2024 | 49.75% |
| Dec 31, 2023 | 8.69% |
| Sep 30, 2023 | 4.90% |
| Jun 30, 2023 | 3.74% |
| Mar 31, 2023 | 33.28% |
| Dec 31, 2022 | -0.23% |
| Sep 30, 2022 | -2.54% |
| Jun 30, 2022 | -15.35% |
| Mar 31, 2022 | 21.86% |
| Dec 31, 2021 | -4.77% |
| Sep 30, 2021 | -6.26% |
| Jun 30, 2021 | -11.61% |