vs
Side-by-side financial comparison of TRIMAS CORP (TRS) and VARONIS SYSTEMS INC (VRNS). Click either name above to swap in a different company.
TRIMAS CORP is the larger business by last-quarter revenue ($256.5M 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 3.8%). VARONIS SYSTEMS INC produced more free cash flow last quarter ($49.0M vs $36.8M). Over the past eight quarters, VARONIS SYSTEMS INC's revenue compounded faster (15.2% CAGR vs 3.3%).
Trimas Corp is a diversified industrial manufacturing enterprise that designs, produces and distributes a wide portfolio of engineered products, including specialized fasteners, aerospace components, custom packaging solutions, and consumer & industrial hardware. It primarily serves aerospace, automotive, construction, consumer goods and industrial sectors, with core operations across North America and selected 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.
TRS vs VRNS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $256.5M | $173.1M |
| Net Profit | $81.7M | — |
| Gross Margin | 12.8% | 76.0% |
| Operating Margin | 5.7% | -1.7% |
| Net Margin | 31.9% | — |
| Revenue YoY | 3.8% | 26.9% |
| Net Profit YoY | 236.9% | — |
| EPS (diluted) | $2.03 | — |
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 | $256.5M | $173.1M | ||
| Q4 25 | $-140.0M | $173.4M | ||
| Q3 25 | $269.3M | $161.6M | ||
| Q2 25 | $274.8M | $152.2M | ||
| Q1 25 | $241.7M | $136.4M | ||
| Q4 24 | $-66.2M | $158.5M | ||
| Q3 24 | $229.4M | $148.1M | ||
| Q2 24 | $240.5M | $130.3M |
| Q1 26 | $81.7M | — | ||
| Q4 25 | $81.7M | $-27.8M | ||
| Q3 25 | $9.3M | $-29.9M | ||
| Q2 25 | $16.7M | $-35.8M | ||
| Q1 25 | $12.4M | $-35.8M | ||
| Q4 24 | $5.6M | $-13.0M | ||
| Q3 24 | $2.5M | $-18.3M | ||
| Q2 24 | $10.9M | $-23.9M |
| Q1 26 | 12.8% | 76.0% | ||
| Q4 25 | — | 78.9% | ||
| Q3 25 | 12.8% | 78.2% | ||
| Q2 25 | 13.8% | 79.5% | ||
| Q1 25 | 13.6% | 78.7% | ||
| Q4 24 | — | 83.6% | ||
| Q3 24 | 15.4% | 83.8% | ||
| Q2 24 | 14.4% | 82.8% |
| Q1 26 | 5.7% | -1.7% | ||
| Q4 25 | — | -17.5% | ||
| Q3 25 | 6.2% | -22.2% | ||
| Q2 25 | 9.9% | -24.0% | ||
| Q1 25 | 9.0% | -32.1% | ||
| Q4 24 | — | -11.1% | ||
| Q3 24 | 3.6% | -16.0% | ||
| Q2 24 | 7.4% | -22.1% |
| Q1 26 | 31.9% | — | ||
| Q4 25 | -58.4% | -16.0% | ||
| Q3 25 | 3.5% | -18.5% | ||
| Q2 25 | 6.1% | -23.5% | ||
| Q1 25 | 5.1% | -26.2% | ||
| Q4 24 | -8.5% | -8.2% | ||
| Q3 24 | 1.1% | -12.4% | ||
| Q2 24 | 4.5% | -18.4% |
| Q1 26 | $2.03 | — | ||
| Q4 25 | $2.01 | $-0.23 | ||
| Q3 25 | $0.23 | $-0.26 | ||
| Q2 25 | $0.41 | $-0.32 | ||
| Q1 25 | $0.30 | $-0.32 | ||
| Q4 24 | $0.14 | $-0.12 | ||
| Q3 24 | $0.06 | $-0.16 | ||
| Q2 24 | $0.27 | $-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 | $30.0M | $179.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $705.6M | $453.5M |
| Total Assets | $1.5B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $30.0M | $179.3M | ||
| Q4 25 | $30.0M | $883.7M | ||
| Q3 25 | $33.6M | $671.3M | ||
| Q2 25 | $30.3M | $770.9M | ||
| Q1 25 | $32.7M | $567.6M | ||
| Q4 24 | $23.1M | $529.0M | ||
| Q3 24 | $26.9M | $844.8M | ||
| Q2 24 | $35.0M | $582.5M |
| Q1 26 | — | — | ||
| Q4 25 | $469.2M | — | ||
| Q3 25 | $407.1M | — | ||
| Q2 25 | $424.5M | — | ||
| Q1 25 | $434.2M | — | ||
| Q4 24 | $398.1M | — | ||
| Q3 24 | $409.9M | — | ||
| Q2 24 | $427.4M | — |
| Q1 26 | $705.6M | $453.5M | ||
| Q4 25 | $705.6M | $598.7M | ||
| Q3 25 | $725.0M | $604.8M | ||
| Q2 25 | $715.3M | $341.5M | ||
| Q1 25 | $686.6M | $367.7M | ||
| Q4 24 | $667.3M | $455.7M | ||
| Q3 24 | $682.8M | $428.6M | ||
| Q2 24 | $675.9M | $458.6M |
| Q1 26 | $1.5B | $1.6B | ||
| Q4 25 | $1.5B | $1.8B | ||
| Q3 25 | $1.4B | $1.7B | ||
| Q2 25 | $1.4B | $1.6B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.3B | $1.7B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.4B | $1.1B |
| Q1 26 | — | — | ||
| Q4 25 | 0.66× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.63× | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.60× | — | ||
| Q2 24 | 0.63× | — |
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 | $117.5M | $55.0M |
| Free Cash FlowOCF − Capex | $36.8M | $49.0M |
| FCF MarginFCF / Revenue | 14.4% | 28.3% |
| Capex IntensityCapex / Revenue | 18.9% | — |
| Cash ConversionOCF / Net Profit | 1.44× | — |
| TTM Free Cash FlowTrailing 4 quarters | $109.7M | $118.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $117.5M | $55.0M | ||
| Q4 25 | $41.5M | $24.7M | ||
| Q3 25 | $36.5M | $33.4M | ||
| Q2 25 | $30.3M | $21.3M | ||
| Q1 25 | $9.2M | $68.0M | ||
| Q4 24 | $27.1M | $24.3M | ||
| Q3 24 | $22.0M | $22.5M | ||
| Q2 24 | $18.4M | $11.7M |
| Q1 26 | $36.8M | $49.0M | ||
| Q4 25 | $36.8M | $20.7M | ||
| Q3 25 | $22.8M | $30.4M | ||
| Q2 25 | $13.2M | $18.0M | ||
| Q1 25 | $-3.8M | $65.7M | ||
| Q4 24 | $12.1M | $19.9M | ||
| Q3 24 | $10.2M | $21.3M | ||
| Q2 24 | $7.5M | $10.9M |
| Q1 26 | 14.4% | 28.3% | ||
| Q4 25 | -26.3% | 12.0% | ||
| Q3 25 | 8.5% | 18.8% | ||
| Q2 25 | 4.8% | 11.8% | ||
| Q1 25 | -1.6% | 48.1% | ||
| Q4 24 | -18.3% | 12.6% | ||
| Q3 24 | 4.4% | 14.4% | ||
| Q2 24 | 3.1% | 8.4% |
| Q1 26 | 18.9% | — | ||
| Q4 25 | -3.4% | 2.3% | ||
| Q3 25 | 5.1% | 1.8% | ||
| Q2 25 | 6.2% | 2.2% | ||
| Q1 25 | 5.4% | 1.7% | ||
| Q4 24 | -22.6% | 2.7% | ||
| Q3 24 | 5.2% | 0.8% | ||
| Q2 24 | 4.5% | 0.6% |
| Q1 26 | 1.44× | — | ||
| Q4 25 | 0.51× | — | ||
| Q3 25 | 3.92× | — | ||
| Q2 25 | 1.81× | — | ||
| Q1 25 | 0.74× | — | ||
| Q4 24 | 4.80× | — | ||
| Q3 24 | 8.71× | — | ||
| Q2 24 | 1.68× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRS
Segment breakdown not available.
VRNS
| SaaS | $161.1M | 93% |
| Term license subscriptions | $6.9M | 4% |
| Maintenance and services | $5.2M | 3% |
