COMP <GO>
VRNS vs TSM // ALTMAN Z-SCORE & DEBT/EQUITY
Varonis Systems Inc. (NASDAQ) VS. Taiwan Semiconductor Manufacturing Company Ltd. (NYSE) • 15-METRIC TALLY: VRNS 4
— TSM 8
▲ ALTMAN Z-SCORE & DEBT/EQUITY LEADER: TSM
LAST: $48.85 (+0.06%) • MKT CAP: $5.61B
balance-sheet
3.74
LAST: $406.13 (-5.95%) • MKT CAP: $2.24T
balance-sheet
3.87
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (VRNS VS. TSM)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | VRNS | TSM | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 78.80% | 62.00% | +16.80 | VRNS | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -15.30% | 14.90% | -30.20 | TSM | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 14.9x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 2.40% | 3.99% | -1.59 | TSM | /fcf-yield <GO> |
| Operating Margin | -23.50% | 21.10% | -44.60 | TSM | /operating-margins <GO> |
| Net Profit Margin | -20.70% | 16.40% | -37.10 | TSM | /net-margins <GO> |
| Revenue Growth (YoY) | 4.40% | -3.30% | +7.70 | VRNS | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity ACTIVE | 3.74 | 3.87 | -0.13 | TSM | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 7/9 | 0.00 | TIE | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 8.00% | 8.30% | -0.30 | VRNS | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 54.7 | 38.3 | +16.40 | VRNS | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 1.31 | 1.42 | -0.11 | TSM | /macro-sensitivity <GO> |
| Forward P/E Multiple | 26.0x | 20.2x | +5.80 | TSM | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.61B | $2.24T | -$2.23T | TSM | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | VRNS REV | TSM REV | VRNS GROSS % | TSM GROSS % | VRNS FCF | TSM FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $623.5M | — | 78.8% | — | $134.8M | — |
| FY 2024 | $551.0M | — | 83.0% | — | $108.5M | — |
| FY 2023 | $0 | — | — | — | $59.4M | — |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
VRNS // BETA 1.31
TSM // BETA 1.42