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Side-by-side financial comparison of Hilltop Holdings Inc. (HTH) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Hilltop Holdings Inc. is the larger business by last-quarter revenue ($300.5M vs $173.1M, roughly 1.7× VARONIS SYSTEMS INC). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 0.6%).
Hilltop Holdings Inc. is a financial holding company based in Dallas, Texas. It offers financial products and banking services through three primary subsidiaries: PlainsCapital Bank, PrimeLending, and HilltopSecurities.
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.
HTH vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $300.5M | $173.1M |
| Net Profit | $39.0M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 13.0% | — |
| Revenue YoY | — | 26.9% |
| Net Profit YoY | -12.4% | — |
| EPS (diluted) | $0.64 | — |
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 | $300.5M | $173.1M | ||
| Q4 25 | $329.9M | $173.4M | ||
| Q3 25 | $330.2M | $161.6M | ||
| Q2 25 | $303.3M | $152.2M | ||
| Q1 25 | $318.5M | $136.4M | ||
| Q4 24 | $301.1M | $158.5M | ||
| Q3 24 | $305.5M | $148.1M | ||
| Q2 24 | $297.0M | $130.3M |
| Q1 26 | $39.0M | — | ||
| Q4 25 | $41.6M | $-27.8M | ||
| Q3 25 | $45.8M | $-29.9M | ||
| Q2 25 | $36.1M | $-35.8M | ||
| Q1 25 | $42.1M | $-35.8M | ||
| Q4 24 | $35.5M | $-13.0M | ||
| Q3 24 | $29.7M | $-18.3M | ||
| Q2 24 | $20.3M | $-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 | 16.1% | -17.5% | ||
| Q3 25 | 18.4% | -22.2% | ||
| Q2 25 | 16.3% | -24.0% | ||
| Q1 25 | 18.1% | -32.1% | ||
| Q4 24 | 14.7% | -11.1% | ||
| Q3 24 | 13.9% | -16.0% | ||
| Q2 24 | 10.0% | -22.1% |
| Q1 26 | 13.0% | — | ||
| Q4 25 | 12.6% | -16.0% | ||
| Q3 25 | 13.9% | -18.5% | ||
| Q2 25 | 11.9% | -23.5% | ||
| Q1 25 | 13.2% | -26.2% | ||
| Q4 24 | 11.8% | -8.2% | ||
| Q3 24 | 9.7% | -12.4% | ||
| Q2 24 | 6.8% | -18.4% |
| Q1 26 | $0.64 | — | ||
| Q4 25 | $0.68 | $-0.23 | ||
| Q3 25 | $0.74 | $-0.26 | ||
| Q2 25 | $0.57 | $-0.32 | ||
| Q1 25 | $0.65 | $-0.32 | ||
| Q4 24 | $0.55 | $-0.12 | ||
| Q3 24 | $0.46 | $-0.16 | ||
| Q2 24 | $0.31 | $-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 | $990.8M | — |
| Stockholders' EquityBook value | $2.2B | $453.5M |
| Total Assets | $15.7B | $1.6B |
| Debt / EquityLower = less leverage | 0.46× | — |
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 | $990.8M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $2.2B | $453.5M | ||
| Q4 25 | $2.2B | $598.7M | ||
| Q3 25 | $2.2B | $604.8M | ||
| Q2 25 | $2.2B | $341.5M | ||
| Q1 25 | $2.2B | $367.7M | ||
| Q4 24 | $2.2B | $455.7M | ||
| Q3 24 | $2.2B | $428.6M | ||
| Q2 24 | $2.1B | $458.6M |
| Q1 26 | $15.7B | $1.6B | ||
| Q4 25 | $15.8B | $1.8B | ||
| Q3 25 | $15.6B | $1.7B | ||
| Q2 25 | $15.4B | $1.6B | ||
| Q1 25 | $15.8B | $1.6B | ||
| Q4 24 | $16.3B | $1.7B | ||
| Q3 24 | $15.9B | $1.5B | ||
| Q2 24 | $15.6B | $1.1B |
| Q1 26 | 0.46× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $-38.7M | $24.7M | ||
| Q3 25 | $273.0M | $33.4M | ||
| Q2 25 | $-234.6M | $21.3M | ||
| Q1 25 | $5.8M | $68.0M | ||
| Q4 24 | $273.9M | $24.3M | ||
| Q3 24 | $515.6M | $22.5M | ||
| Q2 24 | $-435.3M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $-55.5M | $20.7M | ||
| Q3 25 | $271.0M | $30.4M | ||
| Q2 25 | $-234.6M | $18.0M | ||
| Q1 25 | $5.0M | $65.7M | ||
| Q4 24 | $266.8M | $19.9M | ||
| Q3 24 | $513.8M | $21.3M | ||
| Q2 24 | $-437.3M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | -16.8% | 12.0% | ||
| Q3 25 | 82.1% | 18.8% | ||
| Q2 25 | -77.4% | 11.8% | ||
| Q1 25 | 1.6% | 48.1% | ||
| Q4 24 | 88.6% | 12.6% | ||
| Q3 24 | 168.2% | 14.4% | ||
| Q2 24 | -147.2% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 5.1% | 2.3% | ||
| Q3 25 | 0.6% | 1.8% | ||
| Q2 25 | 0.0% | 2.2% | ||
| Q1 25 | 0.3% | 1.7% | ||
| Q4 24 | 2.4% | 2.7% | ||
| Q3 24 | 0.6% | 0.8% | ||
| Q2 24 | 0.7% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | -0.93× | — | ||
| Q3 25 | 5.96× | — | ||
| Q2 25 | -6.50× | — | ||
| Q1 25 | 0.14× | — | ||
| Q4 24 | 7.71× | — | ||
| Q3 24 | 17.36× | — | ||
| Q2 24 | -21.41× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HTH
| Noninterest Income | $188.4M | 63% |
| Net Interest Income | $112.1M | 37% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
