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US software company selling data backup, recovery and cyber-resilience software that protects enterprise data across cloud and on-prem systems.
US software company selling data backup, recovery and cyber-resilience software that protects enterprise data across cloud and on-prem systems.
Has moved from selling perpetual licences, one-time purchases, to subscriptions and software-as-a-service, so customers pay a recurring fee to protect their data. It sells largely through channel partners, and support renewals on existing installations add steady income. Metallic, its cloud service, is the newer line.
Moat: narrow (switching costs, installed base). Backup software is deeply embedded in IT disaster-recovery processes, making replacement risky and disruptive.
Headquarters: Tinton Falls, New Jersey, US · Founded: 1996 · Employees: 3,300
Size Commvault Systems (CVLT) is a United States Information Technology company (Packaged Software) with a market value of $6.48B, the 1005th largest of 3,117 United States companies the cockpit tracks. Shares closed at $158.36 on 6 Nov 2026.
Performance Over six months the shares gained 50.7%, against +10.2% for the median peer and -1.1% for the United States market (cap-weighted) — 3rd highest of 21 in its peer set.
Growth Revenue grew 14.2% over the last twelve months (peer median +10.9%); the operating margin is 10.1% (peer median 12.8%).
Valuation It trades at 27.6× forward earnings against a peer median of 22.1× (6th most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 27% a year for seven years (Req g). Recent delivered growth is +10%, so the hurdle is +17 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Backlog Backlog (remaining performance obligations) was $1.07B at 30 Sep 2026, up 26% on a year earlier — 0.9 years of trailing revenue. Backlog detail →
Credit Commvault Systems has 1 bond outstanding ($900M).
Short interest Short interest is 8.9% of the free float (15 Oct 2026).
Next results Next results expected around 2 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.25B | $1.18B | $996M | $839M | $785M |
| Revenue growth | — | +19% | +19% | +7% | — |
| Gross profit | $1.01B | $950M | $808M | $681M | $640M |
| EBITDA | $138M | $119M | $99.3M | $88.7M | $64.4M |
| Net income | $82.7M | $70.7M | $76.1M | $169M | -$35.8M |
| Free cash flow | $278M | $237M | $204M | $200M | $167M |
| Capital expenditure | $6.96M | $7.53M | $3.76M | $4.09M | $3.24M |
| Total debt | $921M | $918M | $11.0M | $12.1M | $12.8M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Commvault Systems CVLT | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% |
| Rubrik RBRK | $21.9B | +70% | +42% | -18% | 215.0× | 36.2% |
| Dell Technologies DELL | $209B | +26% | +49% | 10% | 11.6× | 10.1% |
| IBM IBM | $232B | +6% | +7% | 21% | 18.8× | 7.6% |
| NetApp NTAP | $33.2B | +43% | +12% | 26% | 17.0× | 15.2% |
| Open Text OTEX.TO | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CVLT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +4.9% | +6.1% | 10th lowest of 21 |
| 6-month return | +50.7% | +10.2% | 3rd highest of 21 |
| Distance from 52-week high | -9.1% | -30.4% | 5th highest of 21 |
| Revenue growth (TTM) | +14.2% | +10.9% | 8th highest of 21 |
| Operating margin | 10.1% | 12.8% | 10th lowest of 21 |
| Forward P/E | 27.6× | 22.1× | 6th most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 26.9% | 10.0% | 4th most demanding of 18 |
| Growth delivered (Del g) | +10.3% | +14.6% | 7th lowest of 18 |
| Hurdle (Req g minus delivered) | +16.5 pp | -3.3 pp | 3rd most demanding of 18 |
| EV / EBITDA | 47.2× | 14.9× | 3rd most expensive of 14 |
| Net debt / EBITDA | 0.2× | -1.6× | 6th most indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Commvault Systems CVLT | United States | $6.48B | +51% | +14% | 10% | 27.6× | 26.9% | +10.3% |
| Sectra SECT-B.ST | Sweden | $6.53B | +27% | +14% | 20% | 85.0× | 29.0% | +16.8% |
| Qualys QLYS | United States | $6.59B | +102% | +11% | 35% | 23.7× | 4.7% | +13.1% |
| International Games System 3293.TWO | Taiwan | $6.27B | 0% | +15% | 59% | 14.4× | -4.0% | +21.2% |
| Navan NAVN | United States | $6.25B | +36% | +35% | -25% | 76.3× | n/a | n/a |
| SenseTime 0020.HK | Hong Kong | $6.25B | -44% | +31% | -51% | n/a | n/a | n/a |
| Topicus.com TOI.V | Canada | $6.25B | +9% | +28% | 15% | 21.3× | 0.7% | +26.5% |
| UiPath PATH | United States | $6.78B | +20% | +15% | 9% | 15.2× | 19.2% | +21.5% |
| CD PROJEKT RED Spolka Akcyjna CDR.WA | Poland | $6.80B | +4% | -14% | 54% | 53.4× | 35.0% | -16.5% |
| RingCentral RNG | United States | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% | +16.3% |
| Open Text OTEX.TO | Canada | $6.07B | +9% | +1% | 23% | 6.4× | -6.2% | +10.8% |
| Dolby Laboratories DLB | United States | $6.07B | +11% | +1% | 19% | 14.3× | 10.0% | +3.0% |
| Bilibili 9626.HK | Hong Kong | $6.06B | -36% | +11% | 4% | 14.2× | 7.3% | +19.5% |
| ACI Worldwide ACIW | United States | $6.06B | +32% | +7% | 19% | 22.9× | 11.8% | +6.3% |
| Hundsun Technologies 600570.SS | China | $6.05B | -20% | -5% | 9% | 30.1× | 34.8% | +7.0% |
| NIQ Global Intelligence NIQ | United States | $6.02B | +5% | +9% | 8% | 17.1× | 10.9% | +14.6% |
| MiniMax 0100.HK | Hong Kong | $7.00B | -81% | +159% | -407% | n/a | n/a | n/a |
| Square Enix 9684.T | Japan | $7.02B | +25% | +1% | 20% | 26.9× | -5.4% | -2.1% |
| Shanghai Baosight Software 600845.SS | China | $5.97B | -24% | +11% | 10% | 30.3× | 6.9% | +1.4% |
| Klaviyo KVYO | United States | $5.90B | +36% | +29% | -2% | 19.7× | 7.0% | +37.7% |
| Doximity DOCS | United States | $5.79B | +25% | +11% | 31% | 23.3× | 16.3% | +25.5% |
Commvault Systems has 1 bond outstanding with $900M face value.
Commvault Systems reported $1.07B of remaining performance obligations at 30 Sep 2026, up 26% from a year earlier and up 1% from the previous quarter. That is 0.9 years of trailing revenue already under contract. Book-to-bill last quarter: 1.04.