Varonis Systems (VRNS) FCF Margin (2013 - 2026)
Varonis Systems (VRNS) posted quarterly FCF Margin of 28.92% for Q1 2026, down 1921.0% year-over-year from 1.59% in Q1 2025, and up 244.26% on a QoQ basis from 8.4% in Q4 2025.
Varonis Systems (VRNS) FCF Margin (2013 - 2026) Analysis & Trends
Varonis Systems (VRNS) has reported FCF Margin for 14 consecutive years, with 28.92% the latest figure, recorded in 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 came in at 28.92% for Q1 2026 at Varonis Systems, up from 8.4% in the prior quarter.
- The five-year high for FCF Margin was 49.75% in Q1 2024, with the low at 15.35% in Q2 2022.
- Average FCF Margin over 5 years is 15.24%, with a median of 11.81% recorded in 2025.
- Across the five-year window, FCF Margin jumped 1909 bps in 2023 and slumped 1921 bps in 2026, its largest moves.
- Year by year, FCF Margin 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 sank by 33 bps to 8.4% in 2025, then soared by 244 bps to 28.92% in 2026.
- According to Business Quant data, FCF Margin over the past three periods registered 28.92%, 8.4%, and 22.65% for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | 19.07% |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | 72.18% |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | 54.62% |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | 14.80% |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | 30.29% |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | 55.21% |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 14.55% |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | 34.10% |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | 15.44% |
| 10 | Varonis Systems | 4.85 Bn | 4.63 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% |