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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
GLOBAL INDUSTRIAL Co is the larger business by last-quarter revenue ($345.6M vs $173.1M, roughly 2.0× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 14.3%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $19.2M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
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.
GIC vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $173.1M |
| Net Profit | $14.6M | — |
| Gross Margin | 34.5% | 76.0% |
| Operating Margin | 5.7% | -1.7% |
| Net Margin | 4.2% | — |
| Revenue YoY | 14.3% | 26.9% |
| Net Profit YoY | 36.4% | — |
| 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 | — | $173.1M | ||
| Q4 25 | $345.6M | $173.4M | ||
| Q3 25 | $353.6M | $161.6M | ||
| Q2 25 | $358.9M | $152.2M | ||
| Q1 25 | $321.0M | $136.4M | ||
| Q4 24 | $302.3M | $158.5M | ||
| Q3 24 | $342.4M | $148.1M | ||
| Q2 24 | $347.8M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $14.6M | $-27.8M | ||
| Q3 25 | $18.8M | $-29.9M | ||
| Q2 25 | $25.1M | $-35.8M | ||
| Q1 25 | $13.6M | $-35.8M | ||
| Q4 24 | $10.7M | $-13.0M | ||
| Q3 24 | $16.8M | $-18.3M | ||
| Q2 24 | $20.3M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 34.5% | 78.9% | ||
| Q3 25 | 35.6% | 78.2% | ||
| Q2 25 | 37.1% | 79.5% | ||
| Q1 25 | 34.9% | 78.7% | ||
| Q4 24 | 33.8% | 83.6% | ||
| Q3 24 | 34.0% | 83.8% | ||
| Q2 24 | 35.2% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 5.7% | -17.5% | ||
| Q3 25 | 7.4% | -22.2% | ||
| Q2 25 | 9.3% | -24.0% | ||
| Q1 25 | 5.7% | -32.1% | ||
| Q4 24 | 4.8% | -11.1% | ||
| Q3 24 | 6.5% | -16.0% | ||
| Q2 24 | 7.6% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 4.2% | -16.0% | ||
| Q3 25 | 5.3% | -18.5% | ||
| Q2 25 | 7.0% | -23.5% | ||
| Q1 25 | 4.2% | -26.2% | ||
| Q4 24 | 3.5% | -8.2% | ||
| Q3 24 | 4.9% | -12.4% | ||
| Q2 24 | 5.8% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.37 | $-0.23 | ||
| Q3 25 | $0.48 | $-0.26 | ||
| Q2 25 | $0.65 | $-0.32 | ||
| Q1 25 | $0.35 | $-0.32 | ||
| Q4 24 | $0.28 | $-0.12 | ||
| Q3 24 | $0.44 | $-0.16 | ||
| Q2 24 | $0.52 | $-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 | $67.5M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $313.2M | $453.5M |
| Total Assets | $580.8M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $67.5M | $883.7M | ||
| Q3 25 | $67.2M | $671.3M | ||
| Q2 25 | $55.1M | $770.9M | ||
| Q1 25 | $39.0M | $567.6M | ||
| Q4 24 | $44.6M | $529.0M | ||
| Q3 24 | $38.9M | $844.8M | ||
| Q2 24 | $38.8M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $313.2M | $598.7M | ||
| Q3 25 | $316.0M | $604.8M | ||
| Q2 25 | $305.2M | $341.5M | ||
| Q1 25 | $287.9M | $367.7M | ||
| Q4 24 | $281.1M | $455.7M | ||
| Q3 24 | $279.2M | $428.6M | ||
| Q2 24 | $270.4M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $580.8M | $1.8B | ||
| Q3 25 | $602.5M | $1.7B | ||
| Q2 25 | $586.5M | $1.6B | ||
| Q1 25 | $536.7M | $1.6B | ||
| Q4 24 | $520.7M | $1.7B | ||
| Q3 24 | $531.6M | $1.5B | ||
| Q2 24 | $542.5M | $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 | $20.0M | $55.0M |
| Free Cash FlowOCF − Capex | $19.2M | $49.0M |
| FCF MarginFCF / Revenue | 5.6% | 28.3% |
| Capex IntensityCapex / Revenue | 0.2% | — |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $20.0M | $24.7M | ||
| Q3 25 | $22.7M | $33.4M | ||
| Q2 25 | $31.7M | $21.3M | ||
| Q1 25 | $3.4M | $68.0M | ||
| Q4 24 | $15.9M | $24.3M | ||
| Q3 24 | $9.6M | $22.5M | ||
| Q2 24 | $18.8M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $19.2M | $20.7M | ||
| Q3 25 | $22.0M | $30.4M | ||
| Q2 25 | $30.3M | $18.0M | ||
| Q1 25 | $3.2M | $65.7M | ||
| Q4 24 | $15.2M | $19.9M | ||
| Q3 24 | $8.7M | $21.3M | ||
| Q2 24 | $17.9M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 5.6% | 12.0% | ||
| Q3 25 | 6.2% | 18.8% | ||
| Q2 25 | 8.4% | 11.8% | ||
| Q1 25 | 1.0% | 48.1% | ||
| Q4 24 | 5.0% | 12.6% | ||
| Q3 24 | 2.5% | 14.4% | ||
| Q2 24 | 5.1% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.2% | 2.3% | ||
| Q3 25 | 0.2% | 1.8% | ||
| Q2 25 | 0.4% | 2.2% | ||
| Q1 25 | 0.1% | 1.7% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.3% | 0.8% | ||
| Q2 24 | 0.3% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 0.57× | — | ||
| Q2 24 | 0.93× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
