Which has grown faster, NOVT or VRNS?

Over the past five years, VRNS grew revenue faster — NOVT at a 10.65% CAGR versus VRNS at 15.48%.

Is NOVT or VRNS more profitable?

NOVT runs the higher net margin — NOVT at 6.00% versus VRNS at -20.55%.

How have NOVT and VRNS total returns compared?

Over the past 10 years, NOVT delivered 24.09% and VRNS delivered 16.95% annualized total return. Past performance doesn't predict future results.

Novanta Inc. (NOVT) vs Varonis Systems, Inc. (VRNS)

A side-by-side comparison of Novanta 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.

NOVT

Novanta Inc.

$5.41B

$151.97TechnologyDelayed quote: Oct 6, 2026, 1:30 PM EDT

VRNS

Varonis Systems, Inc.

$5.62B

$48.94TechnologyDelayed quote: Oct 6, 2026, 1:25 PM EDT

Total return — NOVT vs VRNS

growth of $100 · dividends reinvested · last 10y

NOVT +768.1% (+24.1%/yr)VRNS +378.6% (+16.9%/yr)NOVT compounded faster over this window

NOVT VRNS

NOVT vs VRNS: by the numbers

•VRNS is the larger company ($5.62B vs $5.41B market cap).
•NOVT is profitable (6.00% net margin) while VRNS runs a net loss (-20.55%).
•VRNS grew revenue faster over the past five years (15.48% vs 10.65% CAGR).

Metrics side by side

Valuation

Metric	NOVT	VRNS
P/E ratio	97.41	N/A
Forward P/E	41.15	327.67
PEG ratio	29.52	N/A
P/S ratio	5.26	8.17
P/B ratio	3.35	12.65
EV / EBITDA	29.44	N/A
FCF yield	2.11%	2.17%

Profitability

Metric	NOVT	VRNS
Gross margin	42.52%	77.07%
Operating margin	10.43%	-21.99%
Net margin	6.00%	-20.55%
ROE	3.82%	-31.81%
ROIC	4.30%	-14.43%

Growth (annualized)

Metric	NOVT	VRNS
Revenue CAGR (5Y)	10.65%	15.48%
EPS CAGR (5Y)	2.97%	N/A
FCF CAGR (5Y)	-17.89%	71.26%
Total return CAGR (5Y)	-0.32%	-4.91%

Frequently asked

Which has grown faster, NOVT or VRNS?: Over the past five years, VRNS grew revenue faster — NOVT at a 10.65% CAGR versus VRNS at 15.48%.
Is NOVT or VRNS more profitable?: NOVT runs the higher net margin — NOVT at 6.00% versus VRNS at -20.55%.
How have NOVT and VRNS total returns compared?: Over the past 10 years, NOVT delivered 24.09% and VRNS delivered 16.95% annualized total return. Past performance doesn't predict future results.

Go deeper

Full NOVT analysis Full VRNS analysis Interactive comparison tool

Dig into the metrics

Novanta P/E ratio Novanta ROE Varonis Systems ROE Novanta operating margin Varonis Systems operating margin Novanta revenue growth Varonis Systems revenue growth Novanta free cash flow Varonis Systems free cash flow

Novanta & Varonis Systems appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

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.