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Side-by-side financial comparison of AMPCO PITTSBURGH CORP (AP) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
VARONIS SYSTEMS INC is the larger business by last-quarter revenue ($173.1M vs $104.4M, roughly 1.7× AMPCO PITTSBURGH CORP). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 11.5%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $-64.0K). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -2.6%).
Ampco-Pittsburgh Corporation is a specialty steel manufacturer headquartered in Downtown Pittsburgh, Pennsylvania. It is one of several companies to bear the Ampco name, and it should not be confused with the Milwaukee-based copper base alloy producer, Ampco Metal Inc.; the Miami-based cabinetry company; the Swiss aluminum corporation; or the Dallas-based tool company. Ampco was formed in 1929 and is a conglomerate made up of several previously established small steel makers. Five small compa...
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.
AP vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $104.4M | $173.1M |
| Net Profit | $-57.7M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | -54.0% | -1.7% |
| Net Margin | -55.2% | — |
| Revenue YoY | 11.5% | 26.9% |
| Net Profit YoY | -1958.9% | — |
| EPS (diluted) | $-2.87 | — |
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 | $104.4M | $173.4M | ||
| Q3 25 | $103.7M | $161.6M | ||
| Q2 25 | $108.9M | $152.2M | ||
| Q1 25 | $99.2M | $136.4M | ||
| Q4 24 | $93.6M | $158.5M | ||
| Q3 24 | $92.1M | $148.1M | ||
| Q2 24 | $107.1M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $-57.7M | $-27.8M | ||
| Q3 25 | $-2.2M | $-29.9M | ||
| Q2 25 | $-7.3M | $-35.8M | ||
| Q1 25 | $1.1M | $-35.8M | ||
| Q4 24 | $3.1M | $-13.0M | ||
| Q3 24 | $-2.0M | $-18.3M | ||
| Q2 24 | $2.0M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | — | 78.2% | ||
| Q2 25 | — | 79.5% | ||
| Q1 25 | — | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | — | 83.8% | ||
| Q2 24 | — | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -54.0% | -17.5% | ||
| Q3 25 | 1.1% | -22.2% | ||
| Q2 25 | -2.8% | -24.0% | ||
| Q1 25 | 3.9% | -32.1% | ||
| Q4 24 | 5.5% | -11.1% | ||
| Q3 24 | 2.0% | -16.0% | ||
| Q2 24 | 4.7% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | -55.2% | -16.0% | ||
| Q3 25 | -2.1% | -18.5% | ||
| Q2 25 | -6.7% | -23.5% | ||
| Q1 25 | 1.2% | -26.2% | ||
| Q4 24 | 3.3% | -8.2% | ||
| Q3 24 | -2.1% | -12.4% | ||
| Q2 24 | 1.9% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-2.87 | $-0.23 | ||
| Q3 25 | $-0.11 | $-0.26 | ||
| Q2 25 | $-0.36 | $-0.32 | ||
| Q1 25 | $0.06 | $-0.32 | ||
| Q4 24 | $0.16 | $-0.12 | ||
| Q3 24 | $-0.10 | $-0.16 | ||
| Q2 24 | $0.10 | $-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 | $10.7M | $179.3M |
| Total DebtLower is stronger | $117.9M | — |
| Stockholders' EquityBook value | $32.6M | $453.5M |
| Total Assets | $495.4M | $1.6B |
| Debt / EquityLower = less leverage | 3.61× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $10.7M | $883.7M | ||
| Q3 25 | $15.0M | $671.3M | ||
| Q2 25 | $9.9M | $770.9M | ||
| Q1 25 | $7.1M | $567.6M | ||
| Q4 24 | $15.4M | $529.0M | ||
| Q3 24 | $11.8M | $844.8M | ||
| Q2 24 | $7.9M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $117.9M | — | ||
| Q3 25 | $119.0M | — | ||
| Q2 25 | $115.9M | — | ||
| Q1 25 | $115.0M | — | ||
| Q4 24 | $116.4M | — | ||
| Q3 24 | $116.0M | — | ||
| Q2 24 | $119.4M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $32.6M | $598.7M | ||
| Q3 25 | $60.1M | $604.8M | ||
| Q2 25 | $62.7M | $341.5M | ||
| Q1 25 | $64.6M | $367.7M | ||
| Q4 24 | $58.9M | $455.7M | ||
| Q3 24 | $61.3M | $428.6M | ||
| Q2 24 | $58.0M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $495.4M | $1.8B | ||
| Q3 25 | $524.4M | $1.7B | ||
| Q2 25 | $537.2M | $1.6B | ||
| Q1 25 | $536.2M | $1.6B | ||
| Q4 24 | $530.9M | $1.7B | ||
| Q3 24 | $547.4M | $1.5B | ||
| Q2 24 | $560.8M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 3.61× | — | ||
| Q3 25 | 1.98× | — | ||
| Q2 25 | 1.85× | — | ||
| Q1 25 | 1.78× | — | ||
| Q4 24 | 1.98× | — | ||
| Q3 24 | 1.89× | — | ||
| Q2 24 | 2.06× | — |
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 | $2.7M | $55.0M |
| Free Cash FlowOCF − Capex | $-64.0K | $49.0M |
| FCF MarginFCF / Revenue | -0.1% | 28.3% |
| Capex IntensityCapex / Revenue | 2.7% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-8.1M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $2.7M | $24.7M | ||
| Q3 25 | $6.3M | $33.4M | ||
| Q2 25 | $-2.3M | $21.3M | ||
| Q1 25 | $-5.3M | $68.0M | ||
| Q4 24 | $7.5M | $24.3M | ||
| Q3 24 | $11.4M | $22.5M | ||
| Q2 24 | $-5.3M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-64.0K | $20.7M | ||
| Q3 25 | $3.3M | $30.4M | ||
| Q2 25 | $-3.8M | $18.0M | ||
| Q1 25 | $-7.5M | $65.7M | ||
| Q4 24 | $3.7M | $19.9M | ||
| Q3 24 | $8.4M | $21.3M | ||
| Q2 24 | $-8.0M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -0.1% | 12.0% | ||
| Q3 25 | 3.2% | 18.8% | ||
| Q2 25 | -3.5% | 11.8% | ||
| Q1 25 | -7.5% | 48.1% | ||
| Q4 24 | 4.0% | 12.6% | ||
| Q3 24 | 9.1% | 14.4% | ||
| Q2 24 | -7.5% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.7% | 2.3% | ||
| Q3 25 | 2.9% | 1.8% | ||
| Q2 25 | 1.3% | 2.2% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 4.0% | 2.7% | ||
| Q3 24 | 3.2% | 0.8% | ||
| Q2 24 | 2.5% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | -4.62× | — | ||
| Q4 24 | 2.40× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | -2.64× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AP
| Forged And Cast Mill Rolls | $67.0M | 64% |
| Air Handling Systems | $14.3M | 14% |
| Heat Exchange Coils | $13.1M | 13% |
| Centrifugal Pumps | $10.3M | 10% |
| Forged Engineered Products | $4.0M | 4% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
