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Commvault Systems, Inc. (CVLT) 10-Year Financial Performance & Capital Metrics

CVLT • • Industrial / General
TechnologyApplication SoftwareArtificial Intelligence & AnalyticsAI Analytics Platforms
AboutCommvault Systems, Inc. provides data protection and information management software applications and related services in the United States and internationally. The company offers Commvault Backup and Recovery, a backup and recovery solution; Commvault Disaster Recovery, a replication and disaster recovery solution; and Commvault Complete Data Protection, a data protection solution. It also provides Commvault HyperScale X, an easy-to-deploy scale-out solution; Commvault Distributed Storage Platform that offers software-defined storage built on a hyperscale architecture; Metallic Cloud Storage service, which is the easy button to adopt secure and scalable cloud storage; and Metallic Software-as-a-Service. In addition, the company provides technology and business consulting, education, and remote managed services. Further, it sells appliances that integrate the software with hardware for use in a range of business needs and use cases; and offers professional and customer support services that include data management-as-a-service under the Metallic brand. The company sells its products and services directly through its sales force, and indirectly through its network of distributors, value-added resellers, systems integrators, corporate resellers, and original equipment manufacturers to large enterprises, small and medium sized businesses, and government agencies. It supports customers in a range of industries, including banking, insurance and financial services, government, healthcare, pharmaceuticals and medical services, technology, legal, manufacturing, utilities, and energy. Commvault Systems, Inc. was founded in 1988 and is headquartered in Tinton Falls, New Jersey.Show more
  • Revenue $996M +18.6%
  • EBITDA $83M +1.3%
  • Net Income $76M -54.9%
  • EPS (Diluted) 1.68 -55.2%
  • Gross Margin 82.02% +0.1%
  • EBITDA Margin 8.33% -14.6%
  • Operating Margin 7.41% -17.5%
  • Net Margin 7.64% -62.0%
  • ROE 25.23% -65.3%
  • ROIC 970.92%
  • Debt/Equity 0.03 -22.5%
  • Interest Coverage 177.25 -2.4%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Excellent 3Y average ROE of 27.3%
  • ✓FCF machine: 20.5% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income

✗Weaknesses

  • ✗Weak momentum: RS Rating 17 (bottom 17%)
  • ✗Trading more than 30% below 52-week high
  • ✗Expensive at 17.4x book value

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.06%
5Y8.22%
3Y8.96%
TTM22.02%

Profit (Net Income) CAGR

10Y11.49%
5Y-
3Y31.3%
TTM-54.76%

EPS CAGR

10Y12.02%
5Y-
3Y33.26%
TTM-54.94%

ROCE

10Y Avg3.09%
5Y Avg6.57%
3Y Avg9.48%
Latest14.43%

Peer Comparison

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Sector-Specific
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LYFTLyft, Inc.7.54B18.88342.6531.39%2.4%26.3%10.16%1.64
DDOGDatadog, Inc.39.33B120.86236.9826.12%3.32%3.1%2.13%0.68
PEGAPegasystems Inc.9B53.0096.364.51%16.05%46.57%3.76%0.94
SAPSAP SE274.66B235.8489.009.51%19.41%13.94%1.61%0.23
TYLTyler Technologies, Inc.19.2B446.1573.749.53%13.72%8.75%3.15%0.19
FICOFair Isaac Corporation37.49B1581.1959.5815.91%32.75%2.05%
DSGXThe Descartes Systems Group Inc.7.62B88.5754.0113.63%22.1%10%2.79%0.01
MANHManhattan Associates, Inc.10.58B175.5750.0212.23%20.25%69.86%2.71%0.16

Profit & Loss

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Sales/Revenue+593.77M645M699.39M710.96M670.88M723.47M769.59M784.59M839.25M995.62M
Revenue Growth %-0.02%0.09%0.08%0.02%-0.06%0.08%0.06%0.02%0.07%0.19%
Cost of Goods Sold+82.71M85.19M98.15M117.01M117.08M109.37M113.86M135.4M151.61M179.03M
COGS % of Revenue0.14%0.13%0.14%0.16%0.17%0.15%0.15%0.17%0.18%0.18%
Gross Profit+511.06M559.81M601.24M593.95M553.81M614.1M655.73M649.19M687.64M816.58M
Gross Margin %0.86%0.87%0.86%0.84%0.83%0.85%0.85%0.83%0.82%0.82%
Gross Profit Growth %-0.03%0.1%0.07%-0.01%-0.07%0.11%0.07%-0.01%0.06%0.19%
Operating Expenses+506.94M561.05M602.19M589.04M571.32M636.36M614.17M665.07M612.28M742.85M
OpEx % of Revenue0.85%0.87%0.86%0.83%0.85%0.88%0.8%0.85%0.73%0.75%
Selling, General & Admin428.05M472.86M501.44M471.03M427.92M424.16M444.69M445.02M468.99M572.49M
SG&A % of Revenue0.72%0.73%0.72%0.66%0.64%0.59%0.58%0.57%0.56%0.58%
Research & Development69.29M83.54M94.16M92.65M110.02M133.4M153.62M141.85M132.33M146.29M
R&D % of Revenue0.12%0.13%0.13%0.13%0.16%0.18%0.2%0.18%0.16%0.15%
Other Operating Expenses9.61M8.63M9.72M25.36M33.38M78.8M15.86M78.2M10.96M24.07M
Operating Income+4.11M-1.24M-946K4.91M-17.51M-22.26M41.57M-15.88M75.36M73.74M
Operating Margin %0.01%-0%-0%0.01%-0.03%-0.03%0.05%-0.02%0.09%0.07%
Operating Income Growth %-0.89%-1.3%0.24%6.19%-4.57%-0.27%2.87%-1.38%5.74%-0.02%
EBITDA+15.29M8.99M10.84M16.97M-443K-6.38M52.52M-5.56M81.89M82.92M
EBITDA Margin %0.03%0.01%0.02%0.02%-0%-0.01%0.07%-0.01%0.1%0.08%
EBITDA Growth %-0.68%-0.41%0.21%0.57%-1.03%-13.41%9.22%-1.11%15.72%0.01%
D&A (Non-Cash Add-back)11.18M10.23M11.79M12.06M17.07M15.88M10.95M10.32M6.53M9.19M
EBIT4.89M-1.04M-2.34M19.67M-12.55M-21.23M43.52M-14.89M84.03M81.47M
Net Interest Income+-71K206K1.07M5.52M4.96M1.03M547K828K5.01M6.24M
Interest Income862K1.16M2.23M5.52M4.96M1.03M656K1.3M5.42M6.65M
Interest Expense933K957K1.16M000109K472K415K416K
Other Income/Expense-154K-752K-2.55M5.52M4.96M1.03M1.85M523K8.26M7.32M
Pretax Income+3.96M-1.99M-3.5M10.43M-12.55M-21.23M43.41M-15.36M83.61M81.05M
Pretax Margin %0.01%-0%-0.01%0.01%-0.02%-0.03%0.06%-0.02%0.1%0.08%
Income Tax+1.71M-1.06M58.4M6.87M-6.9M9.72M9.79M20.41M-85.29M4.95M
Effective Tax Rate %0.03%-0.27%17.69%0.34%0.45%1.46%0.77%2.33%2.02%0.94%
Net Income+136K540K-61.9M3.56M-5.64M-30.95M33.62M-35.77M168.91M76.11M
Net Margin %0%0%-0.09%0.01%-0.01%-0.04%0.04%-0.05%0.2%0.08%
Net Income Growth %-0.99%2.97%-115.63%1.06%-2.59%-4.48%2.09%-2.06%5.72%-0.55%
Net Income (Continuing)136K-508K-61.9M3.56M-5.64M-30.95M33.62M-35.77M168.91M76.11M
Discontinued Operations0000000000
Minority Interest0000000000
EPS (Diluted)+0.000.01-1.370.07-0.12-0.660.71-0.803.751.68
EPS Growth %-0.99%--138%1.05%-2.6%-4.5%2.08%-2.13%5.69%-0.55%
EPS (Basic)0.000.01-1.370.08-0.12-0.660.74-0.803.851.74
Diluted Shares Outstanding46.49M46.62M45.24M47.6M45.79M46.65M47.22M44.66M45.1M45.19M
Basic Shares Outstanding45.16M44.7M45.18M45.83M45.79M46.65M45.44M44.66M43.88M43.85M
Dividend Payout Ratio----------

Balance Sheet

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Total Current Assets+517.38M598.74M646.79M655M513.69M607.6M484.08M550.91M595.13M635.06M
Cash & Short-Term Investments387.18M450.18M462.42M458.33M339.73M397.24M267.51M287.78M312.75M302.1M
Cash Only288.11M329.49M330.78M327.99M296.08M397.24M267.51M287.78M312.75M302.1M
Short-Term Investments99.07M120.69M131.64M130.34M43.65M00000
Accounts Receivable113.43M140.08M162.12M176.84M146.99M188.13M194.24M210.44M222.68M252M
Days Sales Outstanding69.7379.2784.6190.7979.9794.9192.1297.996.8592.38
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets16.77M15.79M22.25M19.84M26.97M22.24M22.34M52.7M59.69M80.96M
Total Non-Current Assets+205.85M223.82M171.85M167.45M353.93M306.6M343.84M241.68M348.79M483.21M
Property, Plant & Equipment135.9M132.32M128.61M122.72M129.53M133.56M121.43M20.07M18.51M18.42M
Fixed Asset Turnover4.37x4.87x5.44x5.79x5.18x5.42x6.34x39.09x45.35x54.06x
Goodwill0000164.44M112.44M127.78M127.78M127.78M185.25M
Intangible Assets0000-5.65M03.54M2.29M1.04M20.74M
Long-Term Investments4.58M3.62M4.38M7.22M7.86M7.46M14.3M9.87M21.79M40.36M
Other Non-Current Assets6.74M37.65M38.86M37.52M35.22M43.12M64.95M71.65M68.49M85.06M
Total Assets+723.23M829.88M818.64M822.45M867.62M914.2M827.92M792.6M943.91M1.12B
Asset Turnover0.82x0.78x0.85x0.86x0.77x0.79x0.93x0.99x0.89x0.89x
Asset Growth %0.01%0.15%-0.01%0%0.05%0.05%-0.09%-0.04%0.19%0.18%
Total Current Liabilities+264.96M285.6M324.17M326.35M328.55M373.2M394.06M410.08M484.93M555.05M
Accounts Payable309K117K761K2.19M307K374K432K108K299K373K
Days Payables Outstanding1.360.52.836.820.961.251.380.290.720.76
Short-Term Debt00007.7M7.47M4.78M4.52M4.93M4.61M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities32.89M33.55M36.11M37.39M39.7M42.26M48.43M39.78M46.28M52.07M
Current Ratio1.95x2.10x2.00x2.01x1.56x1.63x1.23x1.34x1.23x1.14x
Quick Ratio1.95x2.10x2.00x2.01x1.56x1.63x1.23x1.34x1.23x1.14x
Cash Conversion Cycle----------
Total Non-Current Liabilities+62M75.03M90.4M104.8M127.16M146.97M178.02M196.42M180.9M238.09M
Long-Term Debt0000000000
Capital Lease Obligations00008.81M15.42M11.27M8.26M7.16M6.34M
Deferred Tax Liabilities8.66M02.43M2.59M23.39M10.79M12.64M10.16M1.72M1.38M
Other Non-Current Liabilities3.45M4.23M3.31M2.95M2.24M1.53M3.93M3.61M3.56M7.09M
Total Liabilities326.96M362.95M414.58M431.15M455.71M520.17M572.09M606.5M665.83M793.14M
Total Debt+000016.51M22.89M16.05M12.78M12.09M10.95M
Net Debt-288.11M-329.49M-330.78M-327.99M-279.57M-374.35M-251.46M-275M-300.66M-291.15M
Debt / Equity----0.04x0.06x0.06x0.07x0.04x0.03x
Debt / EBITDA------0.31x-0.15x0.13x
Net Debt / EBITDA-18.84x-36.65x-30.52x-19.33x---4.79x--3.67x-3.51x
Interest Coverage4.41x-1.30x-0.81x---381.34x-33.65x181.58x177.25x
Total Equity+396.27M466.93M404.06M391.3M411.9M394.03M255.83M186.1M278.08M325.12M
Equity Growth %-0.03%0.18%-0.13%-0.03%0.05%-0.04%-0.35%-0.27%0.49%0.17%
Book Value per Share8.5210.028.938.228.998.455.424.176.177.20
Total Shareholders' Equity396.27M466.93M404.06M391.3M411.9M394.03M255.83M186.1M278.08M325.12M
Common Stock440K447K450K454K458K463K443K440K435K441K
Retained Earnings-197.96M-239.97M-373.68M-485.49M-553.79M-665.77M-898.7M-1.06B-1.06B-1.13B
Treasury Stock0000000000
Accumulated OCI-9.21M-12.31M-5.47M-11.57M-13.42M-10.35M-11.86M-16.05M-15.94M-15.63M
Minority Interest0000000000

Cash Flow

Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+84.41M100.04M84.17M110.18M88.46M123.95M177.18M170.29M203.8M207.38M
Operating CF Margin %0.14%0.16%0.12%0.15%0.13%0.17%0.23%0.22%0.24%0.21%
Operating CF Growth %-0.32%0.19%-0.16%0.31%-0.2%0.4%0.43%-0.04%0.2%0.02%
Net Income136K540K-61.9M3.56M-5.64M-30.95M33.62M-35.77M168.91M76.11M
Depreciation & Amortization11.18M10.23M11.79M12.06M17.07M15.88M10.92M32.95M33.06M9.07M
Stock-Based Compensation64.2M73.93M74.13M80.49M65.89M84.83M105.16M105.75M94.55M113.26M
Deferred Taxes-9.33M-11.04M53.74M164K-1.78M-92K49K-674K-109.6M-23.47M
Other Non-Cash Items-6.58M-5.28M20.21M17.35M16.7M60.7M18.07M53.79M17K44.54M
Working Capital Changes24.82M31.67M-13.79M-3.44M-3.76M-6.41M9.36M14.26M16.86M-12.13M
Change in Receivables3.88M-21.49M-25.08M-24.09M26.1M-34.62M-20.37M-11.6M-21.73M-62.01M
Change in Inventory5.07M15.36M-5.31M16.41M-3.86M00000
Change in Payables-454K-190K618K1.49M-2.47M49K60K-297K195K-948K
Cash from Investing+-62.19M-28.05M-17.99M-5.26M-74M35.47M-24.44M-5.29M-5.52M-70.4M
Capital Expenditures-8.39M-6.42M-7.05M-6.56M-3.2M-8.18M-3.91M-3.24M-4.09M-3.76M
CapEx % of Revenue0.01%0.01%0.01%0.01%0%0.01%0.01%0%0%0%
Acquisitions----------
Investments----------
Other Investing000000500K000
Cash from Financing+-69.97M-22.43M-82.1M-90.71M-39.4M-74.74M-276.09M-135.58M-170.58M-147.82M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid0000000000
Share Repurchases----------
Other Financing21.51M27.56M30.11M41.98M020.52M29.15M15.34M13.44M17.2M
Net Change in Cash----------
Free Cash Flow+76.02M93.61M77.12M103.62M85.26M115.78M173.27M167.05M199.71M203.63M
FCF Margin %0.13%0.15%0.11%0.15%0.13%0.16%0.23%0.21%0.24%0.2%
FCF Growth %0.29%0.23%-0.18%0.34%-0.18%0.36%0.5%-0.04%0.2%0.02%
FCF per Share1.642.011.702.181.862.483.673.744.434.51
FCF Conversion (FCF/Net Income)620.68x185.26x-1.36x30.94x-15.67x-4.00x5.27x-4.76x1.21x2.72x
Interest Paid635K680K592K0000253K253K253K
Taxes Paid1.99M5.41M6.45M11.49M02.96M015.18M19.97M42.19M

Key Ratios

Metric2016201720182019202020212022202320242025
Return on Equity (ROE)0.03%0.13%-14.21%0.9%-1.41%-7.68%10.35%-16.19%72.78%25.23%
Return on Invested Capital (ROIC)3.47%-0.76%-0.67%5.39%-13.42%-21.97%259.19%--970.92%
Gross Margin86.07%86.79%85.97%83.54%82.55%84.88%85.21%82.74%81.94%82.02%
Net Margin0.02%0.08%-8.85%0.5%-0.84%-4.28%4.37%-4.56%20.13%7.64%
Debt / Equity----0.04x0.06x0.06x0.07x0.04x0.03x
Interest Coverage4.41x-1.30x-0.81x---381.34x-33.65x181.58x177.25x
FCF Conversion620.68x185.26x-1.36x30.94x-15.67x-4.00x5.27x-4.76x1.21x2.72x
Revenue Growth-2.27%8.63%8.43%1.65%-5.64%7.84%6.37%1.95%6.97%18.63%

Revenue by Segment

2016201720182019202020212022202320242025
Subscription--------429.17M589.67M
Subscription Growth---------37.40%
Customer Support Service--346.06M358.75M360.13M357.78M347.12M314.31M307.77M307.56M
Customer Support Service Growth---3.67%0.39%-0.65%-2.98%-9.45%-2.08%-0.07%
Perpetual License--------57.61M55.64M
Perpetual License Growth----------3.42%
Service, Other------65.99M115.19M44.7M42.75M
Service, Other Growth-------74.57%-61.20%-4.36%
Software--311.75M309.9M275.31M326.84M356.49M355.08M--
Software Growth----0.59%-11.16%18.72%9.07%-0.39%--
Professional Services--41.59M42.31M35.45M38.85M----
Professional Services Growth---1.73%-16.22%9.59%----

Revenue by Geography

2016201720182019202020212022202320242025
Americas--425.3M430.38M390.86M424.12M457.89M469.24M498.55M607.95M
Americas Growth---1.19%-9.18%8.51%7.96%2.48%6.24%21.95%
International-------315.35M340.7M387.67M
International Growth--------8.04%13.78%
EMEA--187.55M191.19M194.78M214.43M227.34M---
EMEA Growth---1.94%1.88%10.09%6.02%---
Asia Pacific--86.54M89.39M85.25M84.92M84.36M---
Asia Pacific Growth---3.29%-4.64%-0.38%-0.66%---
UNITED STATES343.01M367.42M--------
UNITED STATES Growth-7.12%--------
Non-US252.11M283.1M--------
Non-US Growth-12.29%--------

Frequently Asked Questions

Valuation & Price

Commvault Systems, Inc. (CVLT) has a price-to-earnings (P/E) ratio of 74.5x. This suggests investors expect higher future growth.

Growth & Financials

Commvault Systems, Inc. (CVLT) reported $1.10B in revenue for fiscal year 2025. This represents a 169% increase from $406.6M in 2012.

Commvault Systems, Inc. (CVLT) grew revenue by 18.6% over the past year. This is strong growth.

Yes, Commvault Systems, Inc. (CVLT) is profitable, generating $80.2M in net income for fiscal year 2025 (7.6% net margin).

Dividend & Returns

Commvault Systems, Inc. (CVLT) has a return on equity (ROE) of 25.2%. This is excellent, indicating efficient use of shareholder capital.

Commvault Systems, Inc. (CVLT) generated $209.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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