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Side-by-side financial comparison of ROGERS CORP (ROG) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
ROGERS CORP is the larger business by last-quarter revenue ($200.5M vs $173.1M, roughly 1.2× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs 5.2%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $1.1M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -3.3%).
Rogers Corporation is a specialty engineered materials company headquartered in Chandler, Arizona.
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.
ROG vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $200.5M | $173.1M |
| Net Profit | $4.5M | — |
| Gross Margin | 32.2% | 76.0% |
| Operating Margin | — | -1.7% |
| Net Margin | 2.2% | — |
| Revenue YoY | 5.2% | 26.9% |
| Net Profit YoY | 421.4% | — |
| EPS (diluted) | $0.25 | — |
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 | $200.5M | $173.1M | ||
| Q4 25 | $201.5M | $173.4M | ||
| Q3 25 | $216.0M | $161.6M | ||
| Q2 25 | $202.8M | $152.2M | ||
| Q1 25 | $190.5M | $136.4M | ||
| Q4 24 | $192.2M | $158.5M | ||
| Q3 24 | $210.3M | $148.1M | ||
| Q2 24 | $214.2M | $130.3M |
| Q1 26 | $4.5M | — | ||
| Q4 25 | $4.6M | $-27.8M | ||
| Q3 25 | $8.6M | $-29.9M | ||
| Q2 25 | $-73.6M | $-35.8M | ||
| Q1 25 | $-1.4M | $-35.8M | ||
| Q4 24 | $-500.0K | $-13.0M | ||
| Q3 24 | $10.7M | $-18.3M | ||
| Q2 24 | $8.1M | $-23.9M |
| Q1 26 | 32.2% | 76.0% | ||
| Q4 25 | 31.5% | 78.9% | ||
| Q3 25 | 33.5% | 78.2% | ||
| Q2 25 | 31.6% | 79.5% | ||
| Q1 25 | 29.9% | 78.7% | ||
| Q4 24 | 32.1% | 83.6% | ||
| Q3 24 | 35.2% | 83.8% | ||
| Q2 24 | 34.1% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 3.5% | -17.5% | ||
| Q3 25 | 7.3% | -22.2% | ||
| Q2 25 | -33.3% | -24.0% | ||
| Q1 25 | -0.2% | -32.1% | ||
| Q4 24 | -6.6% | -11.1% | ||
| Q3 24 | 6.9% | -16.0% | ||
| Q2 24 | 5.3% | -22.1% |
| Q1 26 | 2.2% | — | ||
| Q4 25 | 2.3% | -16.0% | ||
| Q3 25 | 4.0% | -18.5% | ||
| Q2 25 | -36.3% | -23.5% | ||
| Q1 25 | -0.7% | -26.2% | ||
| Q4 24 | -0.3% | -8.2% | ||
| Q3 24 | 5.1% | -12.4% | ||
| Q2 24 | 3.8% | -18.4% |
| Q1 26 | $0.25 | — | ||
| Q4 25 | $0.20 | $-0.23 | ||
| Q3 25 | $0.48 | $-0.26 | ||
| Q2 25 | $-4.00 | $-0.32 | ||
| Q1 25 | $-0.08 | $-0.32 | ||
| Q4 24 | $-0.04 | $-0.12 | ||
| Q3 24 | $0.58 | $-0.16 | ||
| Q2 24 | $0.44 | $-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 | $195.8M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.2B | $453.5M |
| Total Assets | $1.4B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $195.8M | $179.3M | ||
| Q4 25 | $197.0M | $883.7M | ||
| Q3 25 | $167.8M | $671.3M | ||
| Q2 25 | $157.2M | $770.9M | ||
| Q1 25 | $175.6M | $567.6M | ||
| Q4 24 | $159.8M | $529.0M | ||
| Q3 24 | $146.4M | $844.8M | ||
| Q2 24 | $119.9M | $582.5M |
| Q1 26 | $1.2B | $453.5M | ||
| Q4 25 | $1.2B | $598.7M | ||
| Q3 25 | $1.2B | $604.8M | ||
| Q2 25 | $1.2B | $341.5M | ||
| Q1 25 | $1.3B | $367.7M | ||
| Q4 24 | $1.3B | $455.7M | ||
| Q3 24 | $1.3B | $428.6M | ||
| Q2 24 | $1.3B | $458.6M |
| Q1 26 | $1.4B | $1.6B | ||
| Q4 25 | $1.4B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.6B | ||
| Q4 24 | $1.5B | $1.7B | ||
| Q3 24 | $1.5B | $1.5B | ||
| Q2 24 | $1.5B | $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 | $5.8M | $55.0M |
| Free Cash FlowOCF − Capex | $1.1M | $49.0M |
| FCF MarginFCF / Revenue | 0.5% | 28.3% |
| Capex IntensityCapex / Revenue | 2.3% | — |
| Cash ConversionOCF / Net Profit | 1.29× | — |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $5.8M | $55.0M | ||
| Q4 25 | $46.9M | $24.7M | ||
| Q3 25 | $28.9M | $33.4M | ||
| Q2 25 | $13.7M | $21.3M | ||
| Q1 25 | $11.7M | $68.0M | ||
| Q4 24 | $33.7M | $24.3M | ||
| Q3 24 | $42.4M | $22.5M | ||
| Q2 24 | $22.9M | $11.7M |
| Q1 26 | $1.1M | $49.0M | ||
| Q4 25 | $42.2M | $20.7M | ||
| Q3 25 | $21.2M | $30.4M | ||
| Q2 25 | $5.6M | $18.0M | ||
| Q1 25 | $2.1M | $65.7M | ||
| Q4 24 | $18.3M | $19.9M | ||
| Q3 24 | $25.2M | $21.3M | ||
| Q2 24 | $8.8M | $10.9M |
| Q1 26 | 0.5% | 28.3% | ||
| Q4 25 | 20.9% | 12.0% | ||
| Q3 25 | 9.8% | 18.8% | ||
| Q2 25 | 2.8% | 11.8% | ||
| Q1 25 | 1.1% | 48.1% | ||
| Q4 24 | 9.5% | 12.6% | ||
| Q3 24 | 12.0% | 14.4% | ||
| Q2 24 | 4.1% | 8.4% |
| Q1 26 | 2.3% | — | ||
| Q4 25 | 2.3% | 2.3% | ||
| Q3 25 | 3.6% | 1.8% | ||
| Q2 25 | 4.0% | 2.2% | ||
| Q1 25 | 5.0% | 1.7% | ||
| Q4 24 | 8.0% | 2.7% | ||
| Q3 24 | 8.2% | 0.8% | ||
| Q2 24 | 6.6% | 0.6% |
| Q1 26 | 1.29× | — | ||
| Q4 25 | 10.20× | — | ||
| Q3 25 | 3.36× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.96× | — | ||
| Q2 24 | 2.83× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ROG
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
