CommVault Systems
CVLT · Systems Software
$169.37
0.9%Qualys
QLYS · Systems Software
$216.70
4.1%The short version
- CommVault Systems is the larger business, with $1.2B of revenue in fiscal 2026 against $669M for Qualys, about 1.8 times as much.
- CommVault Systems grew revenue faster (18.9%, against 10.1%).
- Qualys kept more of each dollar of sales as operating profit (33.2% operating margin, against 6.3% operating margin).
- Qualys turned more of its sales into free cash flow (45.5% FCF margin, against 20.0% FCF margin).
- Investors pay more for each dollar of CommVault Systems’s earnings: a P/E of 107.9x against 37.5x for Qualys.
| Latest fiscal year | CVLT · FY26 | QLYS · FY25 |
|---|---|---|
| Size | ||
| Market cap | $7.1B | $7.6B |
| Revenue | $1.2B | $669M |
| Free cash flow | $237M | $304M |
| Net income | $70.7M | $198M |
| Growth | ||
| Revenue growth | 18.9% | 10.1% |
| 5-year growth | 10.4% | 13.0% |
| Share count change | −1.2% | −2.4% |
| Profitability | ||
| Gross margin | 81.2% | 82.9% |
| Operating margin | 6.3% | 33.2% |
| Net margin | 6.0% | 29.6% |
| FCF margin | 20.0% | 45.5% |
| Return on capital | — | 169.1% |
| Return on equity | 42.5% | 38.2% |
| Balance sheet | ||
| Net debt | −$19.1M | −$446M |
| Net debt / EBITDA | −0.2x | −1.9x |
| Dividends and buybacks | $446M | $183M |
| Valuation & quality | ||
| P/E | 107.9x | 37.5x |
| Piotroski F-score | 6 | 6 |
FY17
CVLT $645M
QLYS $231M
FY18
CVLT $699M
QLYS $279M
FY19
CVLT $711M
QLYS $322M
FY20
CVLT $671M
QLYS $363M
FY21
CVLT $724M
QLYS $411M
FY22
CVLT $770M
QLYS $490M
FY23
CVLT $785M
QLYS $555M
FY24
CVLT $839M
QLYS $608M
FY25
CVLT $996M
QLYS $669M
FY26
CVLT $1.2B
QLYS —
CVLT
QLYS
FY17
CVLT −0.2%
QLYS 16.1%
FY18
CVLT −0.1%
QLYS 18.1%
FY19
CVLT 0.7%
QLYS 22.5%
FY20
CVLT −2.6%
QLYS 26.6%
FY21
CVLT −3.1%
QLYS 21.3%
FY22
CVLT 5.4%
QLYS 26.7%
FY23
CVLT −2.0%
QLYS 29.4%
FY24
CVLT 9.0%
QLYS 30.8%
FY25
CVLT 7.4%
QLYS 33.2%
FY26
CVLT 6.3%
QLYS —
CVLT
QLYS
FY17
CVLT $93.6M
QLYS $69.8M
FY18
CVLT $77.1M
QLYS $103M
FY19
CVLT $104M
QLYS $133M
FY20
CVLT $85.3M
QLYS $150M
FY21
CVLT $116M
QLYS $176M
FY22
CVLT $173M
QLYS $183M
FY23
CVLT $167M
QLYS $236M
FY24
CVLT $200M
QLYS $232M
FY25
CVLT $204M
QLYS $304M
FY26
CVLT $237M
QLYS —
CVLT
QLYS
FY17
CVLT —
QLYS —
FY18
CVLT —
QLYS 81.3%
FY19
CVLT —
QLYS 79.8%
FY20
CVLT —
QLYS —
FY21
CVLT —
QLYS —
FY22
CVLT —
QLYS —
FY23
CVLT —
QLYS —
FY24
CVLT —
QLYS —
FY25
CVLT —
QLYS 169.1%
FY26
CVLT —
QLYS —
CVLT
QLYS
Add another company
Compare up to four at once.
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.