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Side-by-side financial comparison of STONERIDGE INC (SRI) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
STONERIDGE INC is the larger business by last-quarter revenue ($205.2M 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 -6.0%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $2.6M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs -7.4%).
Stoneridge Inc is a global designer and manufacturer of advanced electrical and electronic components, integrated systems, and sensor solutions. It serves automotive, commercial vehicle, off-highway, and aerospace sectors, delivering products that boost vehicle safety, efficiency, connectivity, and environmental performance across key global markets.
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.
SRI vs VRNS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $205.2M | $173.1M |
| Net Profit | — | — |
| Gross Margin | 16.2% | 76.0% |
| Operating Margin | -14.4% | -1.7% |
| Net Margin | — | — |
| Revenue YoY | -6.0% | 26.9% |
| Net Profit YoY | — | — |
| EPS (diluted) | $-2.76 | — |
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 | $205.2M | $173.4M | ||
| Q3 25 | $210.3M | $161.6M | ||
| Q2 25 | $228.0M | $152.2M | ||
| Q1 25 | $217.9M | $136.4M | ||
| Q4 24 | $218.2M | $158.5M | ||
| Q3 24 | $213.8M | $148.1M | ||
| Q2 24 | $237.1M | $130.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $-27.8M | ||
| Q3 25 | $-9.4M | $-29.9M | ||
| Q2 25 | $-9.4M | $-35.8M | ||
| Q1 25 | $-7.2M | $-35.8M | ||
| Q4 24 | — | $-13.0M | ||
| Q3 24 | $-7.1M | $-18.3M | ||
| Q2 24 | $2.8M | $-23.9M |
| Q1 26 | — | 76.0% | ||
| Q4 25 | 16.2% | 78.9% | ||
| Q3 25 | 20.3% | 78.2% | ||
| Q2 25 | 21.5% | 79.5% | ||
| Q1 25 | 21.2% | 78.7% | ||
| Q4 24 | 19.5% | 83.6% | ||
| Q3 24 | 20.8% | 83.8% | ||
| Q2 24 | 22.7% | 82.8% |
| Q1 26 | — | -1.7% | ||
| Q4 25 | -14.4% | -17.5% | ||
| Q3 25 | -1.6% | -22.2% | ||
| Q2 25 | -1.1% | -24.0% | ||
| Q1 25 | -1.5% | -32.1% | ||
| Q4 24 | -2.0% | -11.1% | ||
| Q3 24 | 0.1% | -16.0% | ||
| Q2 24 | 1.4% | -22.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | -16.0% | ||
| Q3 25 | -4.5% | -18.5% | ||
| Q2 25 | -4.1% | -23.5% | ||
| Q1 25 | -3.3% | -26.2% | ||
| Q4 24 | — | -8.2% | ||
| Q3 24 | -3.3% | -12.4% | ||
| Q2 24 | 1.2% | -18.4% |
| Q1 26 | — | — | ||
| Q4 25 | $-2.76 | $-0.23 | ||
| Q3 25 | $-0.34 | $-0.26 | ||
| Q2 25 | $-0.34 | $-0.32 | ||
| Q1 25 | $-0.26 | $-0.32 | ||
| Q4 24 | $-0.22 | $-0.12 | ||
| Q3 24 | $-0.26 | $-0.16 | ||
| Q2 24 | $0.10 | $-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 | $66.3M | $179.3M |
| Total DebtLower is stronger | $180.9M | — |
| Stockholders' EquityBook value | $179.8M | $453.5M |
| Total Assets | $551.2M | $1.6B |
| Debt / EquityLower = less leverage | 1.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $179.3M | ||
| Q4 25 | $66.3M | $883.7M | ||
| Q3 25 | $54.0M | $671.3M | ||
| Q2 25 | $49.8M | $770.9M | ||
| Q1 25 | $79.1M | $567.6M | ||
| Q4 24 | $71.8M | $529.0M | ||
| Q3 24 | $54.1M | $844.8M | ||
| Q2 24 | $42.1M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $180.9M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $201.6M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $453.5M | ||
| Q4 25 | $179.8M | $598.7M | ||
| Q3 25 | $251.2M | $604.8M | ||
| Q2 25 | $260.5M | $341.5M | ||
| Q1 25 | $253.1M | $367.7M | ||
| Q4 24 | $245.3M | $455.7M | ||
| Q3 24 | $271.4M | $428.6M | ||
| Q2 24 | $270.5M | $458.6M |
| Q1 26 | — | $1.6B | ||
| Q4 25 | $551.2M | $1.8B | ||
| Q3 25 | $632.1M | $1.7B | ||
| Q2 25 | $639.4M | $1.6B | ||
| Q1 25 | $657.4M | $1.6B | ||
| Q4 24 | $621.6M | $1.7B | ||
| Q3 24 | $662.5M | $1.5B | ||
| Q2 24 | $666.7M | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 1.01× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.82× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
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 | $8.8M | $55.0M |
| Free Cash FlowOCF − Capex | $2.6M | $49.0M |
| FCF MarginFCF / Revenue | 1.3% | 28.3% |
| Capex IntensityCapex / Revenue | 3.0% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $12.2M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $55.0M | ||
| Q4 25 | $8.8M | $24.7M | ||
| Q3 25 | $3.6M | $33.4M | ||
| Q2 25 | $10.7M | $21.3M | ||
| Q1 25 | $10.9M | $68.0M | ||
| Q4 24 | $19.2M | $24.3M | ||
| Q3 24 | $10.8M | $22.5M | ||
| Q2 24 | $8.7M | $11.7M |
| Q1 26 | — | $49.0M | ||
| Q4 25 | $2.6M | $20.7M | ||
| Q3 25 | $-2.7M | $30.4M | ||
| Q2 25 | $7.4M | $18.0M | ||
| Q1 25 | $4.8M | $65.7M | ||
| Q4 24 | $14.0M | $19.9M | ||
| Q3 24 | $4.6M | $21.3M | ||
| Q2 24 | $1.5M | $10.9M |
| Q1 26 | — | 28.3% | ||
| Q4 25 | 1.3% | 12.0% | ||
| Q3 25 | -1.3% | 18.8% | ||
| Q2 25 | 3.3% | 11.8% | ||
| Q1 25 | 2.2% | 48.1% | ||
| Q4 24 | 6.4% | 12.6% | ||
| Q3 24 | 2.2% | 14.4% | ||
| Q2 24 | 0.6% | 8.4% |
| Q1 26 | — | — | ||
| Q4 25 | 3.0% | 2.3% | ||
| Q3 25 | 3.0% | 1.8% | ||
| Q2 25 | 1.4% | 2.2% | ||
| Q1 25 | 2.8% | 1.7% | ||
| Q4 24 | 2.4% | 2.7% | ||
| Q3 24 | 2.9% | 0.8% | ||
| Q2 24 | 3.0% | 0.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 3.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SRI
| Control Devices | $51.7M | 25% |
| Electronics | $38.0M | 19% |
| EE | $34.2M | 17% |
| SE | $28.6M | 14% |
| NL | $24.5M | 12% |
| Stoneridge Brazil | $14.1M | 7% |
| Asia Pacific | $13.1M | 6% |
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
