COMP <GO>
VRNS vs KVYO // EV/EBITDA & P/E VALUATION
Varonis Systems Inc. (NASDAQ) VS. Klaviyo Inc. (Series A) (NYSE) • 15-METRIC TALLY: VRNS 3
— KVYO 9
■ METRIC PARITY
LAST: $48.75 (-0.20%) • MKT CAP: $5.61B
valuation
—
LAST: $21.80 (+8.24%) • MKT CAP: $5.73B
valuation
—
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VRNS VS. KVYO)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VRNS | KVYO | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 78.80% | 74.70% | +4.10 | VRNS | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -15.30% | -11.50% | -3.80 | KVYO | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.40% | 3.58% | -1.18 | KVYO | /fcf-yield <GO> |
| Operating Margin | -23.50% | -5.50% | -18.00 | KVYO | /operating-margins <GO> |
| Net Profit Margin | -20.70% | -2.60% | -18.10 | KVYO | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | 31.60% | -27.20 | KVYO | /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 | 9.65 | -5.91 | KVYO | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 8/9 | -1.00 | KVYO | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.7 | 59.9 | -5.20 | KVYO | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.31 | 1.19 | +0.12 | VRNS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.0x | 27.0x | -1.00 | VRNS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.61B | $5.73B | -$123.5M | KVYO | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VRNS REV | KVYO REV | VRNS GROSS % | KVYO GROSS % | VRNS FCF | KVYO FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $623.5M | $1.23B | 78.8% | 74.7% | $134.8M | $208.5M |
| FY 2024 | $551.0M | $937.5M | 83.0% | 76.4% | $108.5M | $160.0M |
| FY 2023 | $328.2M | $698.1M | — | — | $59.4M | $88.0M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VRNS // BETA 1.31
KVYO // BETA 1.19