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Side-by-side financial comparison of MONRO, INC. (MNRO) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
MONRO, INC. is the larger business by last-quarter revenue ($293.4M vs $173.1M, roughly 1.7× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -4.0%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $9.1M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -2.7%).
Monro, Inc. is an automotive services company founded and headquartered in Rochester, New York, U.S. As of 2025, Monro has 1,260 locations making them the second-largest automotive services company in North America after Driven Brands by number of locations and by revenue.
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.
MNRO vs VRNS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $293.4M | $173.1M |
| Net Profit | $11.1M | — |
| Gross Margin | 34.9% | 76.0% |
| Operating Margin | 6.3% | -1.7% |
| Net Margin | 3.8% | — |
| Revenue YoY | -4.0% | 26.9% |
| Net Profit YoY | 143.1% | — |
| EPS (diluted) | $0.35 | — |
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 | $293.4M | $173.4M | ||
| Q3 25 | $288.9M | $161.6M | ||
| Q2 25 | $301.0M | $152.2M | ||
| Q1 25 | $295.0M | $136.4M | ||
| Q4 24 | $305.8M | $158.5M | ||
| Q3 24 | $301.4M | $148.1M | ||
| Q2 24 | $293.2M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $11.1M | $-27.8M | ||
| Q3 25 | $5.7M | $-29.9M | ||
| Q2 25 | $-8.1M | $-35.8M | ||
| Q1 25 | $-21.3M | $-35.8M | ||
| Q4 24 | $4.6M | $-13.0M | ||
| Q3 24 | $5.6M | $-18.3M | ||
| Q2 24 | $5.9M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 34.9% | 78.9% | ||
| Q3 25 | 35.7% | 78.2% | ||
| Q2 25 | 35.5% | 79.5% | ||
| Q1 25 | 33.0% | 78.7% | ||
| Q4 24 | 34.3% | 83.6% | ||
| Q3 24 | 35.3% | 83.8% | ||
| Q2 24 | 37.2% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 6.3% | -17.5% | ||
| Q3 25 | 4.4% | -22.2% | ||
| Q2 25 | -2.0% | -24.0% | ||
| Q1 25 | -8.1% | -32.1% | ||
| Q4 24 | 3.3% | -11.1% | ||
| Q3 24 | 4.4% | -16.0% | ||
| Q2 24 | 4.5% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | -16.0% | ||
| Q3 25 | 2.0% | -18.5% | ||
| Q2 25 | -2.7% | -23.5% | ||
| Q1 25 | -7.2% | -26.2% | ||
| Q4 24 | 1.5% | -8.2% | ||
| Q3 24 | 1.9% | -12.4% | ||
| Q2 24 | 2.0% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.35 | $-0.23 | ||
| Q3 25 | $0.18 | $-0.26 | ||
| Q2 25 | $-0.28 | $-0.32 | ||
| Q1 25 | $-0.74 | $-0.32 | ||
| Q4 24 | $0.15 | $-0.12 | ||
| Q3 24 | $0.18 | $-0.16 | ||
| Q2 24 | $0.19 | $-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 | $4.9M | $179.3M |
| Total DebtLower is stronger | $45.0M | — |
| Stockholders' EquityBook value | $604.9M | $453.5M |
| Total Assets | $1.6B | $1.6B |
| Debt / EquityLower = less leverage | 0.07× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $4.9M | $883.7M | ||
| Q3 25 | $10.5M | $671.3M | ||
| Q2 25 | $7.8M | $770.9M | ||
| Q1 25 | $20.8M | $567.6M | ||
| Q4 24 | $10.2M | $529.0M | ||
| Q3 24 | $20.9M | $844.8M | ||
| Q2 24 | $18.7M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $45.0M | — | ||
| Q3 25 | $60.0M | — | ||
| Q2 25 | $71.5M | — | ||
| Q1 25 | $61.3M | — | ||
| Q4 24 | $59.3M | — | ||
| Q3 24 | $62.0M | — | ||
| Q2 24 | $112.0M | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $604.9M | $598.7M | ||
| Q3 25 | $601.7M | $604.8M | ||
| Q2 25 | $604.9M | $341.5M | ||
| Q1 25 | $620.8M | $367.7M | ||
| Q4 24 | $648.9M | $455.7M | ||
| Q3 24 | $651.9M | $428.6M | ||
| Q2 24 | $654.4M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $1.6B | $1.8B | ||
| Q3 25 | $1.6B | $1.7B | ||
| Q2 25 | $1.6B | $1.6B | ||
| Q1 25 | $1.6B | $1.6B | ||
| Q4 24 | $1.7B | $1.7B | ||
| Q3 24 | $1.7B | $1.5B | ||
| Q2 24 | $1.7B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.07× | — | ||
| Q3 25 | 0.10× | — | ||
| Q2 25 | 0.12× | — | ||
| Q1 25 | 0.10× | — | ||
| Q4 24 | 0.09× | — | ||
| Q3 24 | 0.10× | — | ||
| Q2 24 | 0.17× | — |
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 | $17.8M | $55.0M |
| Free Cash FlowOCF − Capex | $9.1M | $49.0M |
| FCF MarginFCF / Revenue | 3.1% | 28.3% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | 1.60× | — |
| TTM Free Cash FlowTrailing 4 quarters | $49.6M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $17.8M | $24.7M | ||
| Q3 25 | $32.3M | $33.4M | ||
| Q2 25 | $-1.9M | $21.3M | ||
| Q1 25 | $28.9M | $68.0M | ||
| Q4 24 | $14.8M | $24.3M | ||
| Q3 24 | $62.6M | $22.5M | ||
| Q2 24 | $25.6M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $9.1M | $20.7M | ||
| Q3 25 | $26.6M | $30.4M | ||
| Q2 25 | $-9.3M | $18.0M | ||
| Q1 25 | $23.2M | $65.7M | ||
| Q4 24 | $7.9M | $19.9M | ||
| Q3 24 | $57.6M | $21.3M | ||
| Q2 24 | $16.8M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 3.1% | 12.0% | ||
| Q3 25 | 9.2% | 18.8% | ||
| Q2 25 | -3.1% | 11.8% | ||
| Q1 25 | 7.9% | 48.1% | ||
| Q4 24 | 2.6% | 12.6% | ||
| Q3 24 | 19.1% | 14.4% | ||
| Q2 24 | 5.7% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.3% | ||
| Q3 25 | 2.0% | 1.8% | ||
| Q2 25 | 2.5% | 2.2% | ||
| Q1 25 | 1.9% | 1.7% | ||
| Q4 24 | 2.2% | 2.7% | ||
| Q3 24 | 1.6% | 0.8% | ||
| Q2 24 | 3.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 1.60× | — | ||
| Q3 25 | 5.71× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.23× | — | ||
| Q3 24 | 11.08× | — | ||
| Q2 24 | 4.37× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MNRO
| Tires | $150.2M | 51% |
| Maintenance | $73.5M | 25% |
| Brakes | $35.1M | 12% |
| Steering | $24.9M | 8% |
| Batteries | $6.2M | 2% |
| Exhaust | $3.2M | 1% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
