COMP <GO>
VRNS vs BRZE // EV/EBITDA & P/E VALUATION
Varonis Systems Inc. (NASDAQ) VS. Braze Inc. (NASDAQ) • 15-METRIC TALLY: VRNS 6
— BRZE 5
■ METRIC PARITY
LAST: $48.75 (-0.20%) • MKT CAP: $5.61B
valuation
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LAST: $45.67 (-0.17%) • MKT CAP: $5.20B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VRNS VS. BRZE)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VRNS | BRZE | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 78.80% | 67.10% | +11.70 | VRNS | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -15.30% | -16.20% | +0.90 | VRNS | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.40% | 1.19% | +1.21 | VRNS | /fcf-yield <GO> |
| Operating Margin | -23.50% | -19.60% | -3.90 | BRZE | /operating-margins <GO> |
| Net Profit Margin | -20.70% | -17.80% | -2.90 | BRZE | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | 24.40% | -20.00 | BRZE | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 3.74 | 5.87 | -2.13 | BRZE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.7 | 83.2 | -28.50 | BRZE | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.31 | 1.21 | +0.10 | VRNS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.0x | 36.0x | -10.00 | VRNS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.61B | $5.20B | $414.4M | VRNS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VRNS REV | BRZE REV | VRNS GROSS % | BRZE GROSS % | VRNS FCF | BRZE FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $623.5M | $738.2M | 78.8% | 67.1% | $134.8M | $61.9M |
| FY 2024 | $551.0M | $593.4M | 83.0% | 69.1% | $108.5M | $23.4M |
| FY 2023 | $328.2M | $471.8M | — | — | $59.4M | -$14.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VRNS // BETA 1.31
BRZE // BETA 1.21