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Side-by-side financial comparison of Smith Douglas Homes Corp. (SDHC) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
Smith Douglas Homes Corp. is the larger business by last-quarter revenue ($260.4M vs $173.1M, roughly 1.5× VARONIS SYSTEMS INC). On growth, VARONIS SYSTEMS INC posted the faster year-over-year revenue change (26.9% vs -9.4%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $8.7M). Over the past eight quarters, Smith Douglas Homes Corp.'s revenue compounded faster (17.3% CAGR vs 15.2%).
Smith & Wesson Brands, Inc. (S&W) is an American firearm manufacturer headquartered in Maryville, Tennessee, 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.
SDHC vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $260.4M | $173.1M |
| Net Profit | $3.5M | — |
| Gross Margin | 19.9% | 76.0% |
| Operating Margin | 6.5% | -1.7% |
| Net Margin | 1.4% | — |
| Revenue YoY | -9.4% | 26.9% |
| Net Profit YoY | -14.3% | — |
| EPS (diluted) | $0.39 | — |
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 | $260.4M | $173.4M | ||
| Q3 25 | $262.0M | $161.6M | ||
| Q2 25 | $223.9M | $152.2M | ||
| Q1 25 | $224.7M | $136.4M | ||
| Q4 24 | $287.5M | $158.5M | ||
| Q3 24 | $277.8M | $148.1M | ||
| Q2 24 | $220.9M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | $3.5M | $-27.8M | ||
| Q3 25 | $2.1M | $-29.9M | ||
| Q2 25 | $2.4M | $-35.8M | ||
| Q1 25 | $2.7M | $-35.8M | ||
| Q4 24 | $4.1M | $-13.0M | ||
| Q3 24 | $5.3M | $-18.3M | ||
| Q2 24 | $3.6M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 19.9% | 78.9% | ||
| Q3 25 | 21.0% | 78.2% | ||
| Q2 25 | 23.2% | 79.5% | ||
| Q1 25 | 23.8% | 78.7% | ||
| Q4 24 | 25.5% | 83.6% | ||
| Q3 24 | 26.5% | 83.8% | ||
| Q2 24 | 26.7% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | 6.5% | -17.5% | ||
| Q3 25 | 6.6% | -22.2% | ||
| Q2 25 | 7.7% | -24.0% | ||
| Q1 25 | 8.7% | -32.1% | ||
| Q4 24 | 10.4% | -11.1% | ||
| Q3 24 | 14.2% | -16.0% | ||
| Q2 24 | 11.7% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | 1.4% | -16.0% | ||
| Q3 25 | 0.8% | -18.5% | ||
| Q2 25 | 1.1% | -23.5% | ||
| Q1 25 | 1.2% | -26.2% | ||
| Q4 24 | 1.4% | -8.2% | ||
| Q3 24 | 1.9% | -12.4% | ||
| Q2 24 | 1.7% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $0.39 | $-0.23 | ||
| Q3 25 | $0.24 | $-0.26 | ||
| Q2 25 | $0.26 | $-0.32 | ||
| Q1 25 | $0.30 | $-0.32 | ||
| Q4 24 | $0.50 | $-0.12 | ||
| Q3 24 | $0.58 | $-0.16 | ||
| Q2 24 | $0.40 | $-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 | $12.7M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $86.7M | $453.5M |
| Total Assets | $557.6M | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $12.7M | $883.7M | ||
| Q3 25 | $14.8M | $671.3M | ||
| Q2 25 | $16.8M | $770.9M | ||
| Q1 25 | $12.7M | $567.6M | ||
| Q4 24 | $22.4M | $529.0M | ||
| Q3 24 | $23.7M | $844.8M | ||
| Q2 24 | $17.3M | $582.5M |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $86.7M | $598.7M | ||
| Q3 25 | $82.2M | $604.8M | ||
| Q2 25 | $80.0M | $341.5M | ||
| Q1 25 | $76.9M | $367.7M | ||
| Q4 24 | $73.6M | $455.7M | ||
| Q3 24 | $68.4M | $428.6M | ||
| Q2 24 | $62.1M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $557.6M | $1.8B | ||
| Q3 25 | $571.6M | $1.7B | ||
| Q2 25 | $570.2M | $1.6B | ||
| Q1 25 | $513.9M | $1.6B | ||
| Q4 24 | $475.9M | $1.7B | ||
| Q3 24 | $460.1M | $1.5B | ||
| Q2 24 | $429.3M | $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 | $9.8M | $55.0M |
| Free Cash FlowOCF − Capex | $8.7M | $49.0M |
| FCF MarginFCF / Revenue | 3.4% | 28.3% |
| Capex IntensityCapex / Revenue | 0.4% | — |
| Cash ConversionOCF / Net Profit | 2.77× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-36.9M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $9.8M | $24.7M | ||
| Q3 25 | $22.8M | $33.4M | ||
| Q2 25 | $-28.9M | $21.3M | ||
| Q1 25 | $-34.9M | $68.0M | ||
| Q4 24 | $5.5M | $24.3M | ||
| Q3 24 | $22.9M | $22.5M | ||
| Q2 24 | $39.0K | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $8.7M | $20.7M | ||
| Q3 25 | $21.4M | $30.4M | ||
| Q2 25 | $-31.1M | $18.0M | ||
| Q1 25 | $-35.9M | $65.7M | ||
| Q4 24 | $4.8M | $19.9M | ||
| Q3 24 | $22.3M | $21.3M | ||
| Q2 24 | $-2.1M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 3.4% | 12.0% | ||
| Q3 25 | 8.2% | 18.8% | ||
| Q2 25 | -13.9% | 11.8% | ||
| Q1 25 | -16.0% | 48.1% | ||
| Q4 24 | 1.7% | 12.6% | ||
| Q3 24 | 8.0% | 14.4% | ||
| Q2 24 | -1.0% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 0.4% | 2.3% | ||
| Q3 25 | 0.5% | 1.8% | ||
| Q2 25 | 0.9% | 2.2% | ||
| Q1 25 | 0.5% | 1.7% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.2% | 0.8% | ||
| Q2 24 | 1.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | 2.77× | — | ||
| Q3 25 | 10.70× | — | ||
| Q2 25 | -12.24× | — | ||
| Q1 25 | -13.01× | — | ||
| Q4 24 | 1.33× | — | ||
| Q3 24 | 4.28× | — | ||
| Q2 24 | 0.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SDHC
| Southeast | $164.7M | 63% |
| Central | $95.8M | 37% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
