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Side-by-side financial comparison of FIRST COMMONWEALTH FINANCIAL CORP (FCF) 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 $133.7M, roughly 1.3× FIRST COMMONWEALTH FINANCIAL CORP). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 13.0%). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 5.5%).
First Commonwealth Financial Corp is a Pennsylvania-based regional financial services holding company. It offers consumer and commercial banking products, loans, wealth management, and insurance services for individuals, small and mid-sized enterprises across central and western Pennsylvania and Ohio.
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.
FCF vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $133.7M | $173.1M |
| Net Profit | $37.5M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 28.1% | — |
| Revenue YoY | 13.0% | 26.9% |
| Net Profit YoY | 14.8% | — |
| EPS (diluted) | $0.37 | — |
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 | $133.7M | $173.1M | ||
| Q4 25 | $137.9M | $173.4M | ||
| Q3 25 | $136.0M | $161.6M | ||
| Q2 25 | $131.0M | $152.2M | ||
| Q1 25 | $118.0M | $136.4M | ||
| Q4 24 | $120.4M | $158.5M | ||
| Q3 24 | $121.2M | $148.1M | ||
| Q2 24 | $120.2M | $130.3M |
| Q1 26 | $37.5M | — | ||
| Q4 25 | $44.9M | $-27.8M | ||
| Q3 25 | $41.3M | $-29.9M | ||
| Q2 25 | $33.4M | $-35.8M | ||
| Q1 25 | $32.7M | $-35.8M | ||
| Q4 24 | $35.8M | $-13.0M | ||
| Q3 24 | $32.1M | $-18.3M | ||
| Q2 24 | $37.1M | $-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 | 40.9% | -17.5% | ||
| Q3 25 | 38.1% | -22.2% | ||
| Q2 25 | 32.1% | -24.0% | ||
| Q1 25 | 34.8% | -32.1% | ||
| Q4 24 | 37.1% | -11.1% | ||
| Q3 24 | 33.4% | -16.0% | ||
| Q2 24 | 38.7% | -22.1% |
| Q1 26 | 28.1% | — | ||
| Q4 25 | 32.5% | -16.0% | ||
| Q3 25 | 30.4% | -18.5% | ||
| Q2 25 | 25.5% | -23.5% | ||
| Q1 25 | 27.7% | -26.2% | ||
| Q4 24 | 29.8% | -8.2% | ||
| Q3 24 | 26.5% | -12.4% | ||
| Q2 24 | 30.9% | -18.4% |
| Q1 26 | $0.37 | — | ||
| Q4 25 | $0.44 | $-0.23 | ||
| Q3 25 | $0.39 | $-0.26 | ||
| Q2 25 | $0.32 | $-0.32 | ||
| Q1 25 | $0.32 | $-0.32 | ||
| Q4 24 | $0.35 | $-0.12 | ||
| Q3 24 | $0.31 | $-0.16 | ||
| Q2 24 | $0.36 | $-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 | $154.9M | — |
| Stockholders' EquityBook value | $1.6B | $453.5M |
| Total Assets | $12.3B | $1.6B |
| Debt / EquityLower = less leverage | 0.10× | — |
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 | $154.9M | — | ||
| Q4 25 | $261.7M | — | ||
| Q3 25 | $262.1M | — | ||
| Q2 25 | $262.4M | — | ||
| Q1 25 | $262.7M | — | ||
| Q4 24 | $263.0M | — | ||
| Q3 24 | $136.3M | — | ||
| Q2 24 | $136.6M | — |
| Q1 26 | $1.6B | $453.5M | ||
| Q4 25 | $1.6B | $598.7M | ||
| Q3 25 | $1.5B | $604.8M | ||
| Q2 25 | $1.5B | $341.5M | ||
| Q1 25 | $1.4B | $367.7M | ||
| Q4 24 | $1.4B | $455.7M | ||
| Q3 24 | $1.4B | $428.6M | ||
| Q2 24 | $1.4B | $458.6M |
| Q1 26 | $12.3B | $1.6B | ||
| Q4 25 | $12.3B | $1.8B | ||
| Q3 25 | $12.3B | $1.7B | ||
| Q2 25 | $12.2B | $1.6B | ||
| Q1 25 | $11.8B | $1.6B | ||
| Q4 24 | $11.6B | $1.7B | ||
| Q3 24 | $12.0B | $1.5B | ||
| Q2 24 | $11.6B | $1.1B |
| Q1 26 | 0.10× | — | ||
| Q4 25 | 0.17× | — | ||
| Q3 25 | 0.17× | — | ||
| Q2 25 | 0.17× | — | ||
| Q1 25 | 0.18× | — | ||
| Q4 24 | 0.19× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.10× | — |
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 | — | $55.0M |
| Free Cash FlowOCF − Capex | — | $49.0M |
| FCF MarginFCF / Revenue | — | 28.3% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $187.5M | $24.7M | ||
| Q3 25 | $49.5M | $33.4M | ||
| Q2 25 | $30.4M | $21.3M | ||
| Q1 25 | $55.9M | $68.0M | ||
| Q4 24 | $129.5M | $24.3M | ||
| Q3 24 | $53.6M | $22.5M | ||
| Q2 24 | $22.7M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $171.5M | $20.7M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $65.7M | ||
| Q4 24 | $113.9M | $19.9M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | — | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 124.3% | 12.0% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 48.1% | ||
| Q4 24 | 94.6% | 12.6% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 11.7% | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | 12.9% | 2.7% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.18× | — | ||
| Q3 25 | 1.20× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.71× | — | ||
| Q4 24 | 3.61× | — | ||
| Q3 24 | 1.67× | — | ||
| Q2 24 | 0.61× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FCF
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
