CommVault Systems vs Rubrik
Add, change or remove companies; up to four.
The short version
- Rubrik is the larger business, with $1.3B of revenue in fiscal 2026 against $1.2B for CommVault Systems.
- Rubrik grew revenue faster (48.5%, against 18.9%).
- CommVault Systems kept more of each dollar of sales as operating profit (6.3% operating margin, against β26.2%).
- CommVault Systems turned more of its sales into free cash flow (20.0% FCF margin, against 19.2%).
| Latest fiscal year | CVLT Β· FY26 | RBRK Β· FY26 |
|---|---|---|
| Size | ||
| Market cap | $7.1B | $26.5B |
| Revenue | $1.2B | $1.3B |
| Free cash flow | $237M | $253M |
| Net income | $70.7M | β$349M |
| Growth | ||
| Revenue growth | 18.9% | 48.5% |
| 5-year growth | 10.4% | β |
| Share count change | β1.2% | 27.3% |
| Profitability | ||
| Gross margin | 81.2% | 80.1% |
| Operating margin | 6.3% | β26.2% |
| Net margin | 6.0% | β26.5% |
| FCF margin | 20.0% | 19.2% |
| Return on capital | β | β |
| Return on equity | 42.5% | β |
| Balance sheet | ||
| Net debt | β$19.1M | β$545M |
| Net debt / EBITDA | β0.2x | β |
| Dividends and buybacks | $446M | $0.0M |
| Valuation & quality | ||
| P/E | 107.9x | β |
| Piotroski F-score | 6 | 5 |
Revenue
FY17
CVLT $645M
RBRK β
FY18
CVLT $699M
RBRK β
FY19
CVLT $711M
RBRK β
FY20
CVLT $671M
RBRK β
FY21
CVLT $724M
RBRK β
FY22
CVLT $770M
RBRK β
FY23
CVLT $785M
RBRK $600M
FY24
CVLT $839M
RBRK $628M
FY25
CVLT $996M
RBRK $887M
FY26
CVLT $1.2B
RBRK $1.3B
CVLT
RBRK
Operating margin
FY17
CVLT β0.2%
RBRK β
FY18
CVLT β0.1%
RBRK β
FY19
CVLT 0.7%
RBRK β
FY20
CVLT β2.6%
RBRK β
FY21
CVLT β3.1%
RBRK β
FY22
CVLT 5.4%
RBRK β
FY23
CVLT β2.0%
RBRK β43.6%
FY24
CVLT 9.0%
RBRK β48.8%
FY25
CVLT 7.4%
RBRK β127.9%
FY26
CVLT 6.3%
RBRK β26.2%
CVLT
RBRK
Free cash flow
FY17
CVLT $93.6M
RBRK β
FY18
CVLT $77.1M
RBRK β
FY19
CVLT $104M
RBRK β
FY20
CVLT $85.3M
RBRK β
FY21
CVLT $116M
RBRK β
FY22
CVLT $173M
RBRK β
FY23
CVLT $167M
RBRK β$5.7M
FY24
CVLT $200M
RBRK β$16.9M
FY25
CVLT $204M
RBRK $31.3M
FY26
CVLT $237M
RBRK $253M
CVLT
RBRK
Return on capital
FY17
CVLT β
RBRK β
FY18
CVLT β
RBRK β
FY19
CVLT β
RBRK β
FY20
CVLT β
RBRK β
FY21
CVLT β
RBRK β
FY22
CVLT β
RBRK β
FY23
CVLT β
RBRK β
FY24
CVLT β
RBRK β
FY25
CVLT β
RBRK β
FY26
CVLT β
RBRK β
CVLT
RBRK
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.