vs
Side-by-side financial comparison of Phillips Edison & Company, Inc. (PECO) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Phillips Edison & Company, Inc. is the larger business by last-quarter revenue ($190.7M vs $173.1M, roughly 1.1× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 7.0%). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 8.7%).
Consolidated Edison, Inc., commonly known as Con Edison or ConEd, is an energy company based in New York City. It is one of the largest investor-owned energy companies in the United States, with approximately $15.26 billion in annual revenues as of 2024, and over $70 billion in assets. The company provides a wide range of energy-related products and services to its customers through its subsidiaries:Consolidated Edison Company of New York, Inc. (CECONY), a regulated utility providing electric...
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.
PECO vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $190.7M | $173.1M |
| Net Profit | $33.2M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | 30.5% | -1.7% |
| Net Margin | 17.4% | — |
| Revenue YoY | 7.0% | 26.9% |
| Net Profit YoY | 15.1% | — |
| EPS (diluted) | $0.24 | — |
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 | $190.7M | $173.1M | ||
| Q4 25 | $187.9M | $173.4M | ||
| Q3 25 | $182.7M | $161.6M | ||
| Q2 25 | $177.8M | $152.2M | ||
| Q1 25 | $178.3M | $136.4M | ||
| Q4 24 | $173.0M | $158.5M | ||
| Q3 24 | $165.5M | $148.1M | ||
| Q2 24 | $161.5M | $130.3M |
| Q1 26 | $33.2M | — | ||
| Q4 25 | $47.5M | $-27.8M | ||
| Q3 25 | $24.7M | $-29.9M | ||
| Q2 25 | $12.8M | $-35.8M | ||
| Q1 25 | $26.3M | $-35.8M | ||
| Q4 24 | $18.1M | $-13.0M | ||
| Q3 24 | $11.6M | $-18.3M | ||
| Q2 24 | $15.3M | $-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 | 30.5% | -1.7% | ||
| Q4 25 | — | -17.5% | ||
| Q3 25 | — | -22.2% | ||
| Q2 25 | — | -24.0% | ||
| Q1 25 | — | -32.1% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | — | -16.0% | ||
| Q2 24 | — | -22.1% |
| Q1 26 | 17.4% | — | ||
| Q4 25 | 25.3% | -16.0% | ||
| Q3 25 | 13.5% | -18.5% | ||
| Q2 25 | 7.2% | -23.5% | ||
| Q1 25 | 14.8% | -26.2% | ||
| Q4 24 | 10.5% | -8.2% | ||
| Q3 24 | 7.0% | -12.4% | ||
| Q2 24 | 9.5% | -18.4% |
| Q1 26 | $0.24 | — | ||
| Q4 25 | $0.38 | $-0.23 | ||
| Q3 25 | $0.20 | $-0.26 | ||
| Q2 25 | $0.10 | $-0.32 | ||
| Q1 25 | $0.21 | $-0.32 | ||
| Q4 24 | $0.16 | $-0.12 | ||
| Q3 24 | $0.09 | $-0.16 | ||
| Q2 24 | $0.12 | $-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 | $3.1M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $453.5M |
| Total Assets | $5.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $3.1M | $179.3M | ||
| Q4 25 | $3.5M | $883.7M | ||
| Q3 25 | $4.1M | $671.3M | ||
| Q2 25 | $5.6M | $770.9M | ||
| Q1 25 | $5.5M | $567.6M | ||
| Q4 24 | $4.9M | $529.0M | ||
| Q3 24 | $6.4M | $844.8M | ||
| Q2 24 | $7.1M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.3B | — | ||
| Q4 24 | $2.1B | — | ||
| Q3 24 | $2.1B | — | ||
| Q2 24 | $2.0B | — |
| Q1 26 | $2.3B | $453.5M | ||
| Q4 25 | $2.3B | $598.7M | ||
| Q3 25 | $2.3B | $604.8M | ||
| Q2 25 | $2.3B | $341.5M | ||
| Q1 25 | $2.3B | $367.7M | ||
| Q4 24 | $2.3B | $455.7M | ||
| Q3 24 | $2.2B | $428.6M | ||
| Q2 24 | $2.3B | $458.6M |
| Q1 26 | $5.4B | $1.6B | ||
| Q4 25 | $5.3B | $1.8B | ||
| Q3 25 | $5.3B | $1.7B | ||
| Q2 25 | $5.3B | $1.6B | ||
| Q1 25 | $5.2B | $1.6B | ||
| Q4 24 | $5.0B | $1.7B | ||
| Q3 24 | $5.0B | $1.5B | ||
| Q2 24 | $4.9B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.04× | — | ||
| Q3 25 | 1.05× | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | 0.99× | — | ||
| Q4 24 | 0.91× | — | ||
| Q3 24 | 0.94× | — | ||
| Q2 24 | 0.90× | — |
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 | $55.6M | $55.0M |
| Free Cash FlowOCF − Capex | — | $49.0M |
| FCF MarginFCF / Revenue | — | 28.3% |
| Capex IntensityCapex / Revenue | 12.6% | — |
| Cash ConversionOCF / Net Profit | 1.67× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $55.6M | $55.0M | ||
| Q4 25 | $348.1M | $24.7M | ||
| Q3 25 | $95.4M | $33.4M | ||
| Q2 25 | $96.1M | $21.3M | ||
| Q1 25 | $60.5M | $68.0M | ||
| Q4 24 | $334.7M | $24.3M | ||
| Q3 24 | $109.1M | $22.5M | ||
| Q2 24 | $78.5M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | — | $20.7M | ||
| Q3 25 | — | $30.4M | ||
| Q2 25 | — | $18.0M | ||
| Q1 25 | — | $65.7M | ||
| Q4 24 | — | $19.9M | ||
| Q3 24 | — | $21.3M | ||
| Q2 24 | — | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | — | 12.0% | ||
| Q3 25 | — | 18.8% | ||
| Q2 25 | — | 11.8% | ||
| Q1 25 | — | 48.1% | ||
| Q4 24 | — | 12.6% | ||
| Q3 24 | — | 14.4% | ||
| Q2 24 | — | 8.4% |
| Q1 26 | 12.6% | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 1.8% | ||
| Q2 25 | — | 2.2% | ||
| Q1 25 | — | 1.7% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 0.8% | ||
| Q2 24 | — | 0.6% |
| Q1 26 | 1.67× | — | ||
| Q4 25 | 7.33× | — | ||
| Q3 25 | 3.87× | — | ||
| Q2 25 | 7.52× | — | ||
| Q1 25 | 2.30× | — | ||
| Q4 24 | 18.45× | — | ||
| Q3 24 | 9.40× | — | ||
| Q2 24 | 5.14× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PECO
| Rental income | $186.3M | 98% |
| Fees and management income | $3.4M | 2% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
