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Side-by-side financial comparison of ALBANY INTERNATIONAL CORP (AIN) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
ALBANY INTERNATIONAL CORP is the larger business by last-quarter revenue ($321.2M vs $173.1M, roughly 1.9× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 12.0%). ALBANY INTERNATIONAL CORP produced more free cash flow last quarter ($51.4M vs $49.0M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 1.2%).
Albany International Corp is a global advanced materials and industrial technology company. It operates two core segments: Machine Clothing producing custom engineered fabrics for paper and other industrial manufacturing processes, and Engineered Composites developing high-performance composite components primarily for the aerospace and defense sectors, serving customers across North America, Europe, Asia and other global regions.
Varonis Systems, Inc. is a software company based in Miami, Florida with R&D offices in Herzliya, Israel. The company’s Data Security Platform analyzes data and data activity using the insights to identify data exposure risks stemming from access permissions and software-as-a-service (SaaS) app configurations, triggering automated remediation capabilities in response.
AIN vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $321.2M | $173.1M |
| Net Profit | $13.9M | — |
| Gross Margin | 31.1% | 76.0% |
| Operating Margin | 9.3% | -1.7% |
| Net Margin | 4.3% | — |
| Revenue YoY | 12.0% | 26.9% |
| Net Profit YoY | -21.5% | — |
| EPS (diluted) | $0.56 | — |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $173.1M | ||
| Q4 25 | $321.2M | $173.4M | ||
| Q3 25 | $261.4M | $161.6M | ||
| Q2 25 | $311.4M | $152.2M | ||
| Q1 25 | $288.8M | $136.4M | ||
| Q4 24 | $286.9M | $158.5M | ||
| Q3 24 | $298.4M | $148.1M | ||
| Q2 24 | $332.0M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $13.9M | $-27.8M | ||
| Q3 25 | $-97.8M | $-29.9M | ||
| Q2 25 | $9.2M | $-35.8M | ||
| Q1 25 | $17.4M | $-35.8M | ||
| Q4 24 | $17.7M | $-13.0M | ||
| Q3 24 | $18.0M | $-18.3M | ||
| Q2 24 | $24.6M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 31.1% | 78.9% | ||
| Q3 25 | -19.1% | 78.2% | ||
| Q2 25 | 31.3% | 79.5% | ||
| Q1 25 | 33.4% | 78.7% | ||
| Q4 24 | 31.5% | 83.6% | ||
| Q3 24 | 30.3% | 83.8% | ||
| Q2 24 | 33.9% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 9.3% | -17.5% | ||
| Q3 25 | -44.6% | -22.2% | ||
| Q2 25 | 7.2% | -24.0% | ||
| Q1 25 | 9.8% | -32.1% | ||
| Q4 24 | 8.5% | -11.1% | ||
| Q3 24 | 8.4% | -16.0% | ||
| Q2 24 | 12.9% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.3% | -16.0% | ||
| Q3 25 | -37.4% | -18.5% | ||
| Q2 25 | 2.9% | -23.5% | ||
| Q1 25 | 6.0% | -26.2% | ||
| Q4 24 | 6.2% | -8.2% | ||
| Q3 24 | 6.0% | -12.4% | ||
| Q2 24 | 7.4% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.56 | $-0.23 | ||
| Q3 25 | $-3.37 | $-0.26 | ||
| Q2 25 | $0.31 | $-0.32 | ||
| Q1 25 | $0.56 | $-0.32 | ||
| Q4 24 | $0.57 | $-0.12 | ||
| Q3 24 | $0.57 | $-0.16 | ||
| Q2 24 | $0.79 | $-0.21 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $112.3M | $179.3M |
| Total DebtLower is stronger | $455.7M | — |
| Stockholders' EquityBook value | $726.2M | $453.5M |
| Total Assets | $1.7B | $1.6B |
| Debt / EquityLower = less leverage | 0.63× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $112.3M | $883.7M | ||
| Q3 25 | $108.3M | $671.3M | ||
| Q2 25 | $106.7M | $770.9M | ||
| Q1 25 | $119.4M | $567.6M | ||
| Q4 24 | $115.3M | $529.0M | ||
| Q3 24 | $127.2M | $844.8M | ||
| Q2 24 | $116.4M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $455.7M | — | ||
| Q3 25 | $480.6M | — | ||
| Q2 25 | $444.7M | — | ||
| Q1 25 | $416.4M | — | ||
| Q4 24 | $318.5M | — | ||
| Q3 24 | $362.2M | — | ||
| Q2 24 | $377.1M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $726.2M | $598.7M | ||
| Q3 25 | $739.3M | $604.8M | ||
| Q2 25 | $888.6M | $341.5M | ||
| Q1 25 | $900.0M | $367.7M | ||
| Q4 24 | $943.5M | $455.7M | ||
| Q3 24 | $991.0M | $428.6M | ||
| Q2 24 | $967.5M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.7B | $1.8B | ||
| Q3 25 | $1.7B | $1.7B | ||
| Q2 25 | $1.7B | $1.6B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.6B | $1.7B | ||
| Q3 24 | $1.8B | $1.5B | ||
| Q2 24 | $1.8B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.63× | — | ||
| Q3 25 | 0.65× | — | ||
| Q2 25 | 0.50× | — | ||
| Q1 25 | 0.46× | — | ||
| Q4 24 | 0.34× | — | ||
| Q3 24 | 0.37× | — | ||
| Q2 24 | 0.39× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $73.7M | $55.0M |
| Free Cash FlowOCF − Capex | $51.4M | $49.0M |
| FCF MarginFCF / Revenue | 16.0% | 28.3% |
| Capex IntensityCapex / Revenue | 6.9% | — |
| Cash ConversionOCF / Net Profit | 5.31× | — |
| TTM Free Cash FlowTrailing 4 quarters | $82.6M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $73.7M | $24.7M | ||
| Q3 25 | $43.9M | $33.4M | ||
| Q2 25 | $32.7M | $21.3M | ||
| Q1 25 | $2.1M | $68.0M | ||
| Q4 24 | $78.5M | $24.3M | ||
| Q3 24 | $47.0M | $22.5M | ||
| Q2 24 | $83.4M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $51.4M | $20.7M | ||
| Q3 25 | $25.9M | $30.4M | ||
| Q2 25 | $18.8M | $18.0M | ||
| Q1 25 | $-13.5M | $65.7M | ||
| Q4 24 | $60.2M | $19.9M | ||
| Q3 24 | $31.6M | $21.3M | ||
| Q2 24 | $63.6M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 16.0% | 12.0% | ||
| Q3 25 | 9.9% | 18.8% | ||
| Q2 25 | 6.0% | 11.8% | ||
| Q1 25 | -4.7% | 48.1% | ||
| Q4 24 | 21.0% | 12.6% | ||
| Q3 24 | 10.6% | 14.4% | ||
| Q2 24 | 19.2% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 6.9% | 2.3% | ||
| Q3 25 | 6.9% | 1.8% | ||
| Q2 25 | 4.5% | 2.2% | ||
| Q1 25 | 5.4% | 1.7% | ||
| Q4 24 | 6.4% | 2.7% | ||
| Q3 24 | 5.2% | 0.8% | ||
| Q2 24 | 6.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 5.31× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 3.56× | — | ||
| Q1 25 | 0.12× | — | ||
| Q4 24 | 4.44× | — | ||
| Q3 24 | 2.61× | — | ||
| Q2 24 | 3.39× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AIN
| Transferred At Point In Time | $176.5M | 55% |
| Engineered Composites Other | $99.3M | 31% |
| Engineered Composites ASC | $44.5M | 14% |
| Transferred Over Time | $1.0M | 0% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
