Varonis Systems, Inc. (VRNS) vs WEX Inc. (WEX)
Varonis Systems, Inc. and WEX Inc. are both Software Infrastructure companies. WEX Inc. is the larger, with a market value of $6.3B against $5.5B — 1.1× the size. Varonis Systems, Inc. has negative trailing earnings, so its P/E is not meaningful; WEX Inc. trades at 17.5×. Varonis Systems, Inc. grew revenue faster over the last twelve months: 15.6% against 7.46%. WEX Inc. has the higher net margin (12.6% vs −20.6%) and the higher return on invested capital (0.00% vs −47.4%). Across the 19 metrics below, WEX Inc. leads on 11 and Varonis Systems, Inc. on 8.
Valuation
Profitability
| Metric | VRNS | WEX | Software Infrastructure median |
|---|---|---|---|
| Gross margin | 77.07% | 59.61% | 61.23% |
| Operating margin | (21.99%) | 25.47% | 0.00% |
| Net margin | (20.55%) | 12.56% | 0.00% |
| Free cash flow margin | 17.19% | 1.79% | 1.67% |
| Return on equity | (35.97%) | 30.19% | 0.59% |
| Return on assets | (8.65%) | 2.25% | 0.00% |
| Return on invested capital | (47.40%) | 0.00% | 0.00% |
Growth
Health
Dividend
Size
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