Varonis Systems (VRNS) Return on Capital Employed [ROCE] (2014 - 2026)
Varonis Systems (VRNS) recorded Return on Capital Employed [ROCE] of -15.78% in Q3 2026, down 3.71 percentage points from -12.08% a year earlier and down 1.21 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) Return on Capital Employed [ROCE] (2014 - 2026) Analysis & Trends
For FY2025, Varonis Systems reported Return on Capital Employed [ROCE] of -13.71%, up 3.74 percentage points from FY2024.
- Annual Return on Capital Employed [ROCE] has a five-year change of +17.13 percentage points (FY2020 to FY2025).
- Across earlier years, Return on Capital Employed [ROCE] came in at -17.45% in FY2024 (-2.17 pp), -15.28% in FY2023 (-0.98 pp), -14.31% in FY2022 (+1.61 pp) and -15.91% in FY2021 (+14.93 pp).
- The Q3 2026 figure is the lowest quarterly Return on Capital Employed [ROCE] since Q3 2023.
- On a year-over-year basis, Return on Capital Employed [ROCE] rose in five of the last eight quarters, with an average year-over-year change of +0.38 percentage points.
- Peak year-over-year performance for Return on Capital Employed [ROCE] in the last five years was a gain of 11.32 percentage points in Q4 2021, against a drop of 5.06 percentage points in Q3 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at -14.57% (Q2 2026), -13.70% (Q1 2026) and -13.70% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 235.00 Bn | 220.07 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 221.18 Bn | 201.58 Bn | 1.10 Bn | -1.66% |
| 3 | Snowflake | 96.49 Bn | 83.81 Bn | 1.04 Bn | -25.24% |
| 4 | Fortinet | 87.26 Bn | 71.51 Bn | 1.64 Bn | 41.17% |
| 5 | Datadog | 64.27 Bn | 44.82 Bn | 959.92 Mn | 1.64% |
| 6 | Zscaler | 31.67 Bn | 17.82 Bn | 689.22 Mn | -2.95% |
| 7 | Okta | 29.42 Bn | 19.51 Bn | 641.00 Mn | 3.21% |
| 8 | Axon Enterprise | 25.30 Bn | 19.82 Bn | 546.45 Mn | 0.40% |
| 9 | MongoDB | 25.20 Bn | 15.67 Bn | 569.77 Mn | -0.47% |
| 10 | Varonis Systems | 5.61 Bn | 2.73 Bn | 142.57 Mn | -15.78% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | -15.78% |
| Jun 30, 2026 | -14.57% |
| Mar 31, 2026 | -13.70% |
| Dec 31, 2025 | -13.70% |
| Sep 30, 2025 | -12.08% |
| Jun 30, 2025 | -14.73% |
| Mar 31, 2025 | -12.50% |
| Dec 31, 2024 | -13.33% |
| Sep 30, 2024 | -14.75% |
| Jun 30, 2024 | -14.98% |
| Mar 31, 2024 | -15.58% |
| Dec 31, 2023 | -15.52% |
| Sep 30, 2023 | -16.00% |
| Jun 30, 2023 | -15.39% |
| Mar 31, 2023 | -14.35% |
| Dec 31, 2022 | -14.74% |
| Sep 30, 2022 | -15.26% |
| Jun 30, 2022 | -14.48% |
| Mar 31, 2022 | -12.75% |
| Dec 31, 2021 | -11.32% |
API Access
Varonis Systems Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();