Varonis Systems (VRNS) Return on Invested Capital [ROIC] (2024 - 2025)
Varonis Systems' Return on Invested Capital [ROIC] came in at -24.35% for Q4 2025, down 7.38 percentage points from -16.97% a year earlier and down 2.00 percentage points from the prior quarter.
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Analysis
Varonis Systems (VRNS) Return on Invested Capital [ROIC] (2024 - 2025) Analysis & Trends
For FY2025, Varonis Systems' Return on Invested Capital [ROIC] was -22.46%, down 2.78 percentage points from FY2024.
- Going back by year, Return on Invested Capital [ROIC] was -19.68% in FY2024.
- Business Quant data shows VRNS's Return on Invested Capital [ROIC] at -22.35% (Q3 2025), -20.06% (Q2 2025) and -17.18% (Q1 2025) in the three quarters before Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 328.64 Bn | 313.71 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 276.50 Bn | 256.94 Bn | 1.10 Bn | -2.11% |
| 3 | Fortinet | 132.74 Bn | 118.67 Bn | 1.64 Bn | 111.71% |
| 4 | Snowflake | 120.19 Bn | 107.50 Bn | 1.04 Bn | - |
| 5 | Datadog | 99.51 Bn | 81.15 Bn | 881.34 Mn | - |
| 6 | Okta | 35.35 Bn | 25.44 Bn | 641.00 Mn | 2.98% |
| 7 | Axon Enterprise | 33.58 Bn | 28.10 Bn | 546.45 Mn | 0.45% |
| 8 | Zscaler | 32.06 Bn | 18.18 Bn | - | - |
| 9 | MongoDB | 28.84 Bn | 19.30 Bn | 569.77 Mn | - |
| 10 | Varonis Systems | 5.46 Bn | 2.50 Bn | 135.51 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -24.35% |
| Sep 30, 2025 | -22.35% |
| Jun 30, 2025 | -20.06% |
| Mar 31, 2025 | -17.18% |
| Dec 31, 2024 | -16.97% |
API Access
Varonis Systems Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=VRNS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=VRNS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();