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Side-by-side financial comparison of Commercial Vehicle Group, Inc. (CVGI) 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 $154.8M, roughly 1.1× Commercial Vehicle Group, Inc.). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -5.2%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $8.7M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -10.8%).
WABCO Holdings, Inc. was a U.S.-based provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. In 2007, the Vehicle Control Systems was spun off as WABCO Holdings Inc., an American provider of electronic braking, stability, suspension and transmission automation systems for heavy-duty commercial vehicles. Their products are present in many commercial vehicles such as trucks, buses, trailers and off-highway vehicles but they ...
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.
CVGI vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $154.8M | $173.1M |
| Net Profit | — | — |
| Gross Margin | 9.7% | 76.0% |
| Operating Margin | -1.2% | -1.7% |
| Net Margin | — | — |
| Revenue YoY | -5.2% | 26.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | — | — |
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 | $154.8M | $173.4M | ||
| Q3 25 | $152.5M | $161.6M | ||
| Q2 25 | $172.0M | $152.2M | ||
| Q1 25 | $169.8M | $136.4M | ||
| Q4 24 | $163.3M | $158.5M | ||
| Q3 24 | $171.8M | $148.1M | ||
| Q2 24 | $193.7M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-27.8M | ||
| Q3 25 | $-7.1M | $-29.9M | ||
| Q2 25 | $-4.8M | $-35.8M | ||
| Q1 25 | $-4.3M | $-35.8M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | $9.5M | $-18.3M | ||
| Q2 24 | $-1.6M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 9.7% | 78.9% | ||
| Q3 25 | 10.5% | 78.2% | ||
| Q2 25 | 11.4% | 79.5% | ||
| Q1 25 | 10.5% | 78.7% | ||
| Q4 24 | 8.0% | 83.6% | ||
| Q3 24 | 9.6% | 83.8% | ||
| Q2 24 | 10.6% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -1.2% | -17.5% | ||
| Q3 25 | -0.7% | -22.2% | ||
| Q2 25 | 0.5% | -24.0% | ||
| Q1 25 | 0.8% | -32.1% | ||
| Q4 24 | -3.2% | -11.1% | ||
| Q3 24 | -0.6% | -16.0% | ||
| Q2 24 | 0.5% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | -4.6% | -18.5% | ||
| Q2 25 | -2.8% | -23.5% | ||
| Q1 25 | -2.5% | -26.2% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | 5.5% | -12.4% | ||
| Q2 24 | -0.8% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | — | $-0.23 | ||
| Q3 25 | — | $-0.26 | ||
| Q2 25 | — | $-0.32 | ||
| Q1 25 | — | $-0.32 | ||
| Q4 24 | — | $-0.12 | ||
| Q3 24 | — | $-0.16 | ||
| Q2 24 | $-0.05 | $-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 | $104.9M | — |
| Stockholders' EquityBook value | $133.4M | $453.5M |
| Total Assets | $391.7M | $1.6B |
| Debt / EquityLower = less leverage | 0.79× | — |
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 | — | — | ||
| Q4 25 | $104.9M | — | ||
| Q3 25 | $108.2M | — | ||
| Q2 25 | $118.2M | — | ||
| Q1 25 | $117.4M | — | ||
| Q4 24 | $135.5M | — | ||
| Q3 24 | $128.8M | — | ||
| Q2 24 | $142.0M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $133.4M | $598.7M | ||
| Q3 25 | $136.5M | $604.8M | ||
| Q2 25 | $142.6M | $341.5M | ||
| Q1 25 | $136.7M | $367.7M | ||
| Q4 24 | $135.6M | $455.7M | ||
| Q3 24 | $179.3M | $428.6M | ||
| Q2 24 | $169.6M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $391.7M | $1.8B | ||
| Q3 25 | $400.3M | $1.7B | ||
| Q2 25 | $429.8M | $1.6B | ||
| Q1 25 | $419.8M | $1.6B | ||
| Q4 24 | $424.6M | $1.7B | ||
| Q3 24 | $495.3M | $1.5B | ||
| Q2 24 | $503.2M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.79× | — | ||
| Q3 25 | 0.79× | — | ||
| Q2 25 | 0.83× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 1.00× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.84× | — |
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 | $12.3M | $55.0M |
| Free Cash FlowOCF − Capex | $8.7M | $49.0M |
| FCF MarginFCF / Revenue | 5.6% | 28.3% |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $34.0M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $12.3M | $24.7M | ||
| Q3 25 | $-1.7M | $33.4M | ||
| Q2 25 | $18.9M | $21.3M | ||
| Q1 25 | $15.2M | $68.0M | ||
| Q4 24 | $-26.6M | $24.3M | ||
| Q3 24 | $-17.1M | $22.5M | ||
| Q2 24 | $12.6M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $8.7M | $20.7M | ||
| Q3 25 | $-3.5M | $30.4M | ||
| Q2 25 | $17.4M | $18.0M | ||
| Q1 25 | $11.4M | $65.7M | ||
| Q4 24 | $-30.6M | $19.9M | ||
| Q3 24 | $-20.3M | $21.3M | ||
| Q2 24 | $6.4M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 5.6% | 12.0% | ||
| Q3 25 | -2.3% | 18.8% | ||
| Q2 25 | 10.1% | 11.8% | ||
| Q1 25 | 6.7% | 48.1% | ||
| Q4 24 | -18.7% | 12.6% | ||
| Q3 24 | -11.8% | 14.4% | ||
| Q2 24 | 3.3% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.3% | 2.3% | ||
| Q3 25 | 1.2% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 2.2% | 1.7% | ||
| Q4 24 | 2.4% | 2.7% | ||
| Q3 24 | 1.9% | 0.8% | ||
| Q2 24 | 3.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -1.79× | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVGI
| Global Seating | $70.7M | 46% |
| Global Electrical Systems | $49.7M | 32% |
| Trim Systems And Components | $34.4M | 22% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
