Commvault Sys Inc Financials
This page shows Commvault Sys Inc (CVLT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 18 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Commvault’s core mechanic is a high-margin, low-capex model that keeps producing free cash flow through earnings swings.
FY2024’s profit surge did not mark a new operating level, because operating income was nearly unchanged at$75.4M in FY2024 and$73.7M in FY2025. FY2025 net income mostly normalized after a prior-year tax-driven boost, yet free cash flow still stayed near$200M , showing the cash engine was steadier than GAAP earnings.
The business looks asset-light rather than infrastructure-heavy: FY2025 free cash flow of
Cash has not accumulated as quickly as the operating cash flow line would imply, because strong internal cash generation is being actively redeployed rather than stored on the balance sheet. FY2025 share repurchases of
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Commvault Sys Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Commvault Sys Inc has an operating margin of 6.3%, meaning the company retains $6 of operating profit per $100 of revenue. This results in a moderate score of 38/100, indicating healthy but not exceptional operating efficiency. This is down from 7.4% the prior year.
Commvault Sys Inc's revenue surged 18.9% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 65/100.
Commvault Sys Inc has elevated debt relative to equity (D/E of 250.71), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.
Commvault Sys Inc's current ratio of 1.95 indicates adequate short-term liquidity, earning a score of 35/100. The company can meet its near-term obligations, though with limited headroom.
Commvault Sys Inc converts 20.0% of revenue into free cash flow ($237.2M). This strong cash generation earns a score of 77/100.
Commvault Sys Inc earns a strong 942.8% return on equity (ROE), meaning it generates $943 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 100/100. This is up from 23.4% the prior year.
Commvault Sys Inc scores 1.44, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($4.3B) relative to total liabilities ($1.9B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Commvault Sys Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Commvault Sys Inc generates $3.46 in operating cash flow ($244.7M OCF vs $70.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Commvault Sys Inc earns $19.5 in operating income for every $1 of interest expense ($74.0M vs $3.8M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Commvault Sys Inc generated $1.2B in revenue in fiscal year 2026. This represents an increase of 18.9% from the prior year.
Commvault Sys Inc's EBITDA was $84.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 1.8% from the prior year.
Commvault Sys Inc reported $70.7M in net income in fiscal year 2026. This represents a decrease of 7.2% from the prior year.
Commvault Sys Inc earned $1.58 per diluted share (EPS) in fiscal year 2026. This represents a decrease of 6.0% from the prior year.
Cash & Balance Sheet
Commvault Sys Inc generated $237.2M in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 16.5% from the prior year.
Commvault Sys Inc held $900.0M in cash against $880.9M in long-term debt as of fiscal year 2026.
Commvault Sys Inc had 41M shares outstanding in fiscal year 2026. This represents a decrease of 6.5% from the prior year.
Margins & Returns
Commvault Sys Inc's gross margin was 81.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 0.9 percentage points from the prior year.
Commvault Sys Inc's operating margin was 6.3% in fiscal year 2026, reflecting core business profitability. This is down 1.2 percentage points from the prior year.
Commvault Sys Inc's net profit margin was 6.0% in fiscal year 2026, showing the share of revenue converted to profit. This is down 1.7 percentage points from the prior year.
Commvault Sys Inc's ROE was 942.8% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is up 919.4 percentage points from the prior year.
Capital Allocation
Commvault Sys Inc invested $162.2M in research and development in fiscal year 2026. This represents an increase of 10.9% from the prior year.
Commvault Sys Inc spent $446.1M on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 170.3% from the prior year.
Commvault Sys Inc invested $7.5M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 100.5% from the prior year.
CVLT Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $311.7M-0.7% | $313.8M+13.6% | $276.2M-2.1% | $282.0M+2.5% | $275.0M+4.7% | $262.6M+12.6% | $233.3M+3.8% | $224.7M |
| Cost of Revenue | $58.0M-2.2% | $59.3M+7.7% | $55.0M+8.4% | $50.8M+6.3% | $47.8M-1.8% | $48.6M+13.4% | $42.9M+7.7% | $39.8M |
| Gross Profit | $253.7M-0.3% | $254.5M+15.1% | $221.1M-4.3% | $231.2M+1.7% | $227.3M+6.2% | $214.0M+12.4% | $190.4M+3.0% | $184.9M |
| R&D Expenses | $40.1M-5.1% | $42.2M+5.9% | $39.9M-0.5% | $40.1M+1.9% | $39.3M-1.7% | $40.0M+18.2% | $33.8M+2.2% | $33.1M |
| SG&A Expenses | $40.2M+3.7% | $38.7M-9.0% | $42.6M+3.1% | $41.3M+7.8% | $38.3M+8.9% | $35.1M+2.8% | $34.2M+11.0% | $30.8M |
| Operating Income | $16.6M-15.8% | $19.8M+58.3% | $12.5M-50.2% | $25.1M-6.1% | $26.7M+96.3% | $13.6M-9.0% | $15.0M-18.8% | $18.4M |
| Interest Expense | $1.4M-1.2% | $1.4M+127.5% | $637K+129.1% | $278K+169.9% | $103K-1.0% | $104K-1.0% | $105K+1.0% | $104K |
| Income Tax | $8.5M-8.4% | $9.2M+2397.8% | $370K-89.1% | $3.4M+243.5% | -$2.4M-157.8% | $4.1M+273.1% | $1.1M-48.5% | $2.1M |
| Net Income | $14.6M-17.6% | $17.8M+20.7% | $14.7M-37.3% | $23.5M-24.2% | $31.0M+181.2% | $11.0M-29.2% | $15.6M-16.0% | $18.5M |
| EPS (Diluted) | N/A | $0.40+21.2% | $0.33-36.5% | $0.52 | N/A | $0.24-31.4% | $0.35-14.6% | $0.41 |
CVLT Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.9B-7.4% | $2.0B+6.3% | $1.9B+62.9% | $1.2B+5.2% | $1.1B+9.2% | $1.0B+6.8% | $958.5M+2.5% | $934.9M |
| Current Assets | $1.3B-11.0% | $1.4B+6.8% | $1.4B+102.8% | $667.1M+5.1% | $635.1M+10.1% | $576.7M+2.4% | $563.0M+2.1% | $551.1M |
| Cash & Equivalents | $900.0M-12.3% | $1.0B-3.5% | $1.1B+192.8% | $363.2M+20.2% | $302.1M+24.0% | $243.6M-19.6% | $303.1M+5.3% | $287.9M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $330.5M-8.7% | $361.8M+54.1% | $234.8M-8.1% | $255.4M+1.4% | $252.0M-7.1% | $271.4M+39.2% | $194.9M-4.1% | $203.2M |
| Goodwill | $209.3M-0.7% | $210.8M+0.2% | $210.3M+13.5% | $185.3M0.0% | $185.3M-0.6% | $186.4M+24.2% | $150.1M0.0% | $150.1M |
| Total Liabilities | $1.9B+3.2% | $1.8B+6.7% | $1.7B+110.2% | $811.7M+2.3% | $793.1M+7.8% | $735.9M+8.1% | $680.7M+4.2% | $653.1M |
| Current Liabilities | $658.2M+6.7% | $616.6M+15.2% | $535.3M-0.1% | $536.0M-3.4% | $555.0M+8.5% | $511.7M+9.3% | $468.3M+4.9% | $446.5M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $7.5M-96.5% | $216.7M+3.0% | $210.5M-42.3% | $364.7M+12.2% | $325.1M+12.9% | $287.8M+3.6% | $277.8M-1.4% | $281.8M |
| Retained Earnings | -$1.5B-17.3% | -$1.3B-1.6% | -$1.2B-9.8% | -$1.1B+0.8% | -$1.1B+0.2% | -$1.1B-1.7% | -$1.1B-3.1% | -$1.1B |
CVLT Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $132.2M+3167.9% | $4.0M-94.7% | $76.8M+142.3% | $31.7M-58.8% | $77.0M+155.3% | $30.1M-45.8% | $55.6M+24.4% | $44.7M |
| Capital Expenditures | $344K-83.8% | $2.1M-33.5% | $3.2M+69.6% | $1.9M+140.0% | $783K+198.9% | $262K-85.8% | $1.8M+114.1% | $863K |
| Free Cash Flow | $131.8M+6745.3% | $1.9M-97.4% | $73.6M+146.9% | $29.8M-60.9% | $76.2M+154.9% | $29.9M-44.4% | $53.7M+22.6% | $43.8M |
| Investing Cash Flow | -$313K+86.2% | -$2.3M+92.3% | -$29.7M-210.7% | $26.8M+3774.8% | -$730K+98.4% | -$45.4M-2219.9% | -$2.0M+91.2% | -$22.3M |
| Financing Cash Flow | -$251.8M-500.7% | -$41.9M-106.4% | $655.9M+3979.3% | -$16.9M+28.7% | -$23.7M+25.6% | -$31.9M+30.9% | -$46.1M-0.2% | -$46.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | $259.3M+536.5% | $40.7M-68.9% | $131.0M+770.6% | $15.1M-49.5% | $29.8M-6.5% | $31.9M-38.5% | $51.9M+1.0% | $51.4M |
CVLT Financial Ratios
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 81.4%+0.3pp | 81.1%+1.0pp | 80.1%-1.9pp | 82.0%-0.6pp | 82.6%+1.1pp | 81.5%-0.1pp | 81.6%-0.7pp | 82.3% |
| Operating Margin | 5.3%-1.0pp | 6.3%+1.8pp | 4.5%-4.4pp | 8.9%-0.8pp | 9.7%+4.5pp | 5.2%-1.2pp | 6.4%-1.8pp | 8.2% |
| Net Margin | 4.7%-1.0pp | 5.7%+0.3pp | 5.3%-3.0pp | 8.3%-2.9pp | 11.3%+7.1pp | 4.2%-2.5pp | 6.7%-1.6pp | 8.3% |
| Return on Equity | 195.5%+187.3pp | 8.2%+1.2pp | 7.0%+0.6pp | 6.4%-3.1pp | 9.5%+5.7pp | 3.8%-1.8pp | 5.6%-1.0pp | 6.6% |
| Return on Assets | 0.8%-0.1pp | 0.9%+0.1pp | 0.8%-1.2pp | 2.0%-0.8pp | 2.8%+1.7pp | 1.1%-0.5pp | 1.6%-0.4pp | 2.0% |
| Current Ratio | 1.95-0.4 | 2.34-0.2 | 2.53+1.3 | 1.24+0.1 | 1.14+0.0 | 1.13-0.1 | 1.20-0.0 | 1.23 |
| Debt-to-Equity | 250.71+242.3 | 8.40+0.3 | 8.11+5.9 | 2.23-0.2 | 2.44-0.1 | 2.56+0.1 | 2.45+0.1 | 2.32 |
| FCF Margin | 42.3%+41.7pp | 0.6%-26.0pp | 26.6%+16.1pp | 10.6%-17.1pp | 27.7%+16.3pp | 11.4%-11.7pp | 23.0%+3.5pp | 19.5% |
Similar Companies
Frequently Asked Questions
What is Commvault Sys Inc's annual revenue?
Commvault Sys Inc (CVLT) reported $1.2B in total revenue for fiscal year 2026. This represents a 18.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Commvault Sys Inc's revenue growing?
Commvault Sys Inc (CVLT) revenue grew by 18.9% year-over-year, from $995.6M to $1.2B in fiscal year 2026.
Is Commvault Sys Inc profitable?
Yes, Commvault Sys Inc (CVLT) reported a net income of $70.7M in fiscal year 2026, with a net profit margin of 6.0%.
What is Commvault Sys Inc's EBITDA?
Commvault Sys Inc (CVLT) had EBITDA of $84.3M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Commvault Sys Inc have?
As of fiscal year 2026, Commvault Sys Inc (CVLT) had $900.0M in cash and equivalents against $880.9M in long-term debt.
What is Commvault Sys Inc's gross margin?
Commvault Sys Inc (CVLT) had a gross margin of 81.2% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.
What is Commvault Sys Inc's operating margin?
Commvault Sys Inc (CVLT) had an operating margin of 6.3% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.
What is Commvault Sys Inc's net profit margin?
Commvault Sys Inc (CVLT) had a net profit margin of 6.0% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Commvault Sys Inc's return on equity (ROE)?
Commvault Sys Inc (CVLT) has a return on equity of 942.8% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.
What is Commvault Sys Inc's free cash flow?
Commvault Sys Inc (CVLT) generated $237.2M in free cash flow during fiscal year 2026. This represents a 16.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Commvault Sys Inc's operating cash flow?
Commvault Sys Inc (CVLT) generated $244.7M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Commvault Sys Inc's total assets?
Commvault Sys Inc (CVLT) had $1.9B in total assets as of fiscal year 2026, including both current and long-term assets.
What are Commvault Sys Inc's capital expenditures?
Commvault Sys Inc (CVLT) invested $7.5M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Commvault Sys Inc spend on research and development?
Commvault Sys Inc (CVLT) invested $162.2M in research and development during fiscal year 2026.
What is Commvault Sys Inc's current ratio?
Commvault Sys Inc (CVLT) had a current ratio of 1.95 as of fiscal year 2026, which is generally considered healthy.
What is Commvault Sys Inc's debt-to-equity ratio?
Commvault Sys Inc (CVLT) had a debt-to-equity ratio of 250.71 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Commvault Sys Inc's return on assets (ROA)?
Commvault Sys Inc (CVLT) had a return on assets of 3.8% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Commvault Sys Inc's Altman Z-Score?
Commvault Sys Inc (CVLT) has an Altman Z-Score of 1.44, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Commvault Sys Inc's Piotroski F-Score?
Commvault Sys Inc (CVLT) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Commvault Sys Inc's earnings high quality?
Commvault Sys Inc (CVLT) has an earnings quality ratio of 3.46x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Commvault Sys Inc cover its interest payments?
Commvault Sys Inc (CVLT) has an interest coverage ratio of 19.5x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Commvault Sys Inc?
Commvault Sys Inc (CVLT) scores 53 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.