ExlService Holdings, Inc. (EXLS) vs Varonis Systems, Inc. (VRNS)
A side-by-side comparison of ExlService Holdings, Inc. and Varonis Systems, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
EXLS
ExlService Holdings, Inc.
$35.99TechnologyDelayed quote: Oct 6, 2026, 11:05 AM EDT
VRNS
Varonis Systems, Inc.
$49.03TechnologyDelayed quote: Oct 6, 2026, 11:05 AM EDT
Total return — EXLS vs VRNS
growth of $100 · dividends reinvested · last 10yEXLS +260.4% (+13.7%/yr)VRNS +378.6% (+16.9%/yr)VRNS compounded faster over this window
EXLS VRNS
EXLS vs VRNS: by the numbers
- •VRNS is the larger company ($5.63B vs $5.46B market cap).
- •EXLS is profitable (11.17% net margin) while VRNS runs a net loss (-20.55%).
- •EXLS grew revenue faster over the past five years (16.87% vs 15.48% CAGR).
Metrics side by side
Valuation
| Metric | EXLS | VRNS |
|---|---|---|
| P/E ratio | 22.64 | N/A |
| Forward P/E | 15.72 | 328.25 |
| PEG ratio | 0.93 | N/A |
| P/S ratio | 2.44 | 8.18 |
| P/B ratio | 6.30 | 12.67 |
| EV / EBITDA | 13.97 | N/A |
| FCF yield | 5.04% | 2.17% |
Profitability
| Metric | EXLS | VRNS |
|---|---|---|
| Gross margin | 38.51% | 77.07% |
| Operating margin | 14.90% | -21.99% |
| Net margin | 11.17% | -20.55% |
| ROE | 28.86% | -31.81% |
| ROIC | 17.97% | -14.43% |
Growth (annualized)
| Metric | EXLS | VRNS |
|---|---|---|
| Revenue CAGR (5Y) | 16.87% | 15.48% |
| EPS CAGR (5Y) | 24.58% | N/A |
| FCF CAGR (5Y) | 11.74% | 71.26% |
| Total return CAGR (5Y) | 7.47% | -4.91% |
Frequently asked
- Which has grown faster, EXLS or VRNS?
- Over the past five years, EXLS grew revenue faster — EXLS at a 16.87% CAGR versus VRNS at 15.48%.
- Is EXLS or VRNS more profitable?
- EXLS runs the higher net margin — EXLS at 11.17% versus VRNS at -20.55%.
- How have EXLS and VRNS total returns compared?
- Over the past 10 years, EXLS delivered 13.72% and VRNS delivered 16.95% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
ExlService P/E ratioExlService ROEVaronis Systems ROEExlService operating marginVaronis Systems operating marginExlService revenue growthVaronis Systems revenue growthExlService free cash flowVaronis Systems free cash flow
ExlService & Varonis Systems appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.