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Side-by-side financial comparison of BANCFIRST CORP (BANF) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
BANCFIRST CORP is the larger business by last-quarter revenue ($181.0M vs $173.1M, roughly 1.0× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 11.1%). BANCFIRST CORP produced more free cash flow last quarter ($237.0M vs $49.0M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 9.5%).
BancFirst Corporation is an Oklahoma-based financial services holding company. The company operates three subsidiary banks, BancFirst, an Oklahoma state-chartered bank; and Pegasus Bank and Worthington Bank, both Texas state-chartered banks.
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.
BANF vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $181.0M | $173.1M |
| Net Profit | $59.5M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | 41.6% | -1.7% |
| Net Margin | 32.9% | — |
| Revenue YoY | 11.1% | 26.9% |
| Net Profit YoY | 5.3% | — |
| EPS (diluted) | $1.75 | — |
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 | $181.0M | $173.4M | ||
| Q3 25 | $175.5M | $161.6M | ||
| Q2 25 | $169.3M | $152.2M | ||
| Q1 25 | $164.8M | $136.4M | ||
| Q4 24 | $162.9M | $158.5M | ||
| Q3 24 | $163.7M | $148.1M | ||
| Q2 24 | $153.8M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $59.5M | $-27.8M | ||
| Q3 25 | $62.7M | $-29.9M | ||
| Q2 25 | $62.3M | $-35.8M | ||
| Q1 25 | $56.1M | $-35.8M | ||
| Q4 24 | $56.5M | $-13.0M | ||
| Q3 24 | $58.9M | $-18.3M | ||
| Q2 24 | $50.6M | $-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 | 41.6% | -17.5% | ||
| Q3 25 | 45.0% | -22.2% | ||
| Q2 25 | 47.1% | -24.0% | ||
| Q1 25 | 43.1% | -32.1% | ||
| Q4 24 | 44.2% | -11.1% | ||
| Q3 24 | 45.2% | -16.0% | ||
| Q2 24 | 42.4% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 32.9% | -16.0% | ||
| Q3 25 | 35.7% | -18.5% | ||
| Q2 25 | 36.8% | -23.5% | ||
| Q1 25 | 34.0% | -26.2% | ||
| Q4 24 | 34.7% | -8.2% | ||
| Q3 24 | 36.0% | -12.4% | ||
| Q2 24 | 32.9% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $1.75 | $-0.23 | ||
| Q3 25 | $1.85 | $-0.26 | ||
| Q2 25 | $1.85 | $-0.32 | ||
| Q1 25 | $1.66 | $-0.32 | ||
| Q4 24 | $1.68 | $-0.12 | ||
| Q3 24 | $1.75 | $-0.16 | ||
| Q2 24 | $1.51 | $-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 | — | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $453.5M |
| Total Assets | $14.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | — | $883.7M | ||
| Q3 25 | — | $671.3M | ||
| Q2 25 | — | $770.9M | ||
| Q1 25 | — | $567.6M | ||
| Q4 24 | — | $529.0M | ||
| Q3 24 | — | $844.8M | ||
| Q2 24 | — | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $1.9B | $598.7M | ||
| Q3 25 | $1.8B | $604.8M | ||
| Q2 25 | $1.7B | $341.5M | ||
| Q1 25 | $1.7B | $367.7M | ||
| Q4 24 | $1.6B | $455.7M | ||
| Q3 24 | $1.6B | $428.6M | ||
| Q2 24 | $1.5B | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $14.8B | $1.8B | ||
| Q3 25 | $14.2B | $1.7B | ||
| Q2 25 | $14.0B | $1.6B | ||
| Q1 25 | $14.0B | $1.6B | ||
| Q4 24 | $13.6B | $1.7B | ||
| Q3 24 | $13.3B | $1.5B | ||
| Q2 24 | $12.7B | $1.1B |
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 | $285.3M | $55.0M |
| Free Cash FlowOCF − Capex | $237.0M | $49.0M |
| FCF MarginFCF / Revenue | 130.9% | 28.3% |
| Capex IntensityCapex / Revenue | 26.7% | — |
| Cash ConversionOCF / Net Profit | 4.79× | — |
| TTM Free Cash FlowTrailing 4 quarters | $430.7M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $285.3M | $24.7M | ||
| Q3 25 | $75.4M | $33.4M | ||
| Q2 25 | $78.1M | $21.3M | ||
| Q1 25 | $77.0M | $68.0M | ||
| Q4 24 | $261.2M | $24.3M | ||
| Q3 24 | $77.6M | $22.5M | ||
| Q2 24 | $100.2M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $237.0M | $20.7M | ||
| Q3 25 | $63.7M | $30.4M | ||
| Q2 25 | $64.4M | $18.0M | ||
| Q1 25 | $65.6M | $65.7M | ||
| Q4 24 | $224.5M | $19.9M | ||
| Q3 24 | $72.4M | $21.3M | ||
| Q2 24 | $94.1M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 130.9% | 12.0% | ||
| Q3 25 | 36.3% | 18.8% | ||
| Q2 25 | 38.0% | 11.8% | ||
| Q1 25 | 39.8% | 48.1% | ||
| Q4 24 | 137.8% | 12.6% | ||
| Q3 24 | 44.2% | 14.4% | ||
| Q2 24 | 61.2% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 26.7% | 2.3% | ||
| Q3 25 | 6.7% | 1.8% | ||
| Q2 25 | 8.1% | 2.2% | ||
| Q1 25 | 6.9% | 1.7% | ||
| Q4 24 | 22.5% | 2.7% | ||
| Q3 24 | 3.2% | 0.8% | ||
| Q2 24 | 3.9% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.79× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 1.25× | — | ||
| Q1 25 | 1.37× | — | ||
| Q4 24 | 4.62× | — | ||
| Q3 24 | 1.32× | — | ||
| Q2 24 | 1.98× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BANF
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
