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Side-by-side financial comparison of PARK NATIONAL CORP (PRK) 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 $168.3M, roughly 1.0× PARK NATIONAL CORP). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 2.2%). PARK NATIONAL CORP produced more free cash flow last quarter ($191.9M vs $49.0M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 4.9%).
National Retail Systems, Inc. (NRS) includes Keystone Freight Corp. & National Retail Transportation, Inc. (NRT). NRS is an asset based 3PL founded in 1952. It is headquartered in Lyndhurst, New Jersey, United States.
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.
PRK vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $168.3M | $173.1M |
| Net Profit | $42.6M | — |
| Gross Margin | — | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 25.3% | — |
| Revenue YoY | 2.2% | 26.9% |
| Net Profit YoY | 10.4% | — |
| EPS (diluted) | $2.62 | — |
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 | $168.3M | $173.4M | ||
| Q3 25 | $169.5M | $161.6M | ||
| Q2 25 | $168.7M | $152.2M | ||
| Q1 25 | $157.9M | $136.4M | ||
| Q4 24 | $164.7M | $158.5M | ||
| Q3 24 | $170.3M | $148.1M | ||
| Q2 24 | $157.7M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $42.6M | $-27.8M | ||
| Q3 25 | $47.2M | $-29.9M | ||
| Q2 25 | $48.1M | $-35.8M | ||
| Q1 25 | $42.2M | $-35.8M | ||
| Q4 24 | $38.6M | $-13.0M | ||
| Q3 24 | $38.2M | $-18.3M | ||
| Q2 24 | $39.4M | $-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 | — | -17.5% | ||
| Q3 25 | 34.3% | -22.2% | ||
| Q2 25 | 35.2% | -24.0% | ||
| Q1 25 | 32.4% | -32.1% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | 27.4% | -16.0% | ||
| Q2 24 | 30.6% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 25.3% | -16.0% | ||
| Q3 25 | 27.8% | -18.5% | ||
| Q2 25 | 28.5% | -23.5% | ||
| Q1 25 | 26.7% | -26.2% | ||
| Q4 24 | 23.5% | -8.2% | ||
| Q3 24 | 22.4% | -12.4% | ||
| Q2 24 | 25.0% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $2.62 | $-0.23 | ||
| Q3 25 | $2.92 | $-0.26 | ||
| Q2 25 | $2.97 | $-0.32 | ||
| Q1 25 | $2.60 | $-0.32 | ||
| Q4 24 | $2.38 | $-0.12 | ||
| Q3 24 | $2.35 | $-0.16 | ||
| Q2 24 | $2.42 | $-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 | $233.5M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $453.5M |
| Total Assets | $9.8B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $233.5M | $883.7M | ||
| Q3 25 | $218.9M | $671.3M | ||
| Q2 25 | $193.1M | $770.9M | ||
| Q1 25 | $237.6M | $567.6M | ||
| Q4 24 | $160.6M | $529.0M | ||
| Q3 24 | $201.7M | $844.8M | ||
| Q2 24 | $261.5M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $1.4B | $598.7M | ||
| Q3 25 | $1.3B | $604.8M | ||
| Q2 25 | $1.3B | $341.5M | ||
| Q1 25 | $1.3B | $367.7M | ||
| Q4 24 | $1.2B | $455.7M | ||
| Q3 24 | $1.2B | $428.6M | ||
| Q2 24 | $1.2B | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $9.8B | $1.8B | ||
| Q3 25 | $9.9B | $1.7B | ||
| Q2 25 | $9.9B | $1.6B | ||
| Q1 25 | $9.9B | $1.6B | ||
| Q4 24 | $9.8B | $1.7B | ||
| Q3 24 | $9.9B | $1.5B | ||
| Q2 24 | $9.9B | $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 | $198.3M | $55.0M |
| Free Cash FlowOCF − Capex | $191.9M | $49.0M |
| FCF MarginFCF / Revenue | 114.1% | 28.3% |
| Capex IntensityCapex / Revenue | 3.8% | — |
| Cash ConversionOCF / Net Profit | 4.65× | — |
| TTM Free Cash FlowTrailing 4 quarters | $328.2M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $198.3M | $24.7M | ||
| Q3 25 | $52.6M | $33.4M | ||
| Q2 25 | $49.7M | $21.3M | ||
| Q1 25 | $37.9M | $68.0M | ||
| Q4 24 | $178.8M | $24.3M | ||
| Q3 24 | $43.8M | $22.5M | ||
| Q2 24 | $50.9M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $191.9M | $20.7M | ||
| Q3 25 | $51.1M | $30.4M | ||
| Q2 25 | $48.4M | $18.0M | ||
| Q1 25 | $36.8M | $65.7M | ||
| Q4 24 | $169.7M | $19.9M | ||
| Q3 24 | $41.7M | $21.3M | ||
| Q2 24 | $49.0M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 114.1% | 12.0% | ||
| Q3 25 | 30.1% | 18.8% | ||
| Q2 25 | 28.7% | 11.8% | ||
| Q1 25 | 23.3% | 48.1% | ||
| Q4 24 | 103.0% | 12.6% | ||
| Q3 24 | 24.5% | 14.4% | ||
| Q2 24 | 31.1% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.8% | 2.3% | ||
| Q3 25 | 0.9% | 1.8% | ||
| Q2 25 | 0.8% | 2.2% | ||
| Q1 25 | 0.7% | 1.7% | ||
| Q4 24 | 5.6% | 2.7% | ||
| Q3 24 | 1.2% | 0.8% | ||
| Q2 24 | 1.2% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 4.65× | — | ||
| Q3 25 | 1.11× | — | ||
| Q2 25 | 1.03× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 4.63× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRK
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
