Recent News
Dec. 1–2, 2025: Commvault announced achievement of the AWS Resilience Competency in Recovery and received the 2025 AWS Global Storage Partner of the Year award, highlighting expanded marketplace listings and AWS workload support. Dec. 2–11, 2025: the company presented AI-enabled cyber resilience solutions at industry events including Gartner IOCS and Microsoft Ignite. Nov. 30 / Dec. 4, 2025: Commvault disclosed CFO Jen DiRico will depart at year-end and the CEO established an interim Office of the CFO while a search proceeds.
Technical Analysis
Directional indicators (ADX/DI+/DI-): ADX sits at 24.42, indicating an emerging trend. DI+ shows a peak-and-reversal while DI- shows a dip-and-reversal; both directional moves point toward rising downside pressure in the near term.
MACD: MACD equals -1.48 and has been increasing; the MACD line sits above its signal line (-2.62), which constitutes a bullish momentum crossover. That bullish signal conflicts with the directional indicators, producing a mixed short-term momentum profile.
MRO (Momentum/Regression Oscillator): MRO reads 19.9 and trends upward; with MRO positive, price sits above the model target and the oscillator implies a higher probability of downward reversion toward fair-value levels over coming weeks.
RSI and short-term moving averages: RSI at 40.23 with a peak-and-reversal indicates renewed selling pressure without oversold extremes. The 12-day EMA shows a peak-and-reversal; current price ($124.18) sits below the 12-day EMA ($125.53), the 20-day average ($125.03), the 50-day average ($129.83), and well below the 200-day average ($163.66), reinforcing near-term negative bias.
Volatility, bands and structure: Bollinger 1x bands sit roughly between $121.95 (lower) and $128.10 (upper). SuperTrend upper at $129.33 provides a clear short-term resistance reference. Volume averages (10/50/200-day) run below longer-term norms, suggesting muted conviction during recent moves.
Fundamental Analysis
Profitability and margins: EBIT of $15,737,000 yields an EBIT margin of 5.70%. That margin falls below the industry peer mean of 25.998% and median of 29.144%. EBIT margin contracted QoQ by -40.84% and YoY by -20.72%, signaling material near-term compression in operating profitability relative to prior periods.
Earnings and cash flow: Reported EPS equals $0.91 versus an estimate of $0.94, an EPS surprise of -3.19%. Operating cash flow reached $76,769,000 and free cash flow $73,582,000, producing a free cash flow yield of 0.935%. Cash and short-term investments total $1,063,555,000, giving a cash ratio near 1.99 and strong absolute liquidity to support operations and transition needs.
Revenue and growth: Total revenue stands at $276,188,000 with reported revenue growth of -2.05% overall; QoQ revenue growth printed -181.37% and YoY revenue growth shows -153.60% in the provided measures, reflecting significant period-to-period variability that compressed top-line momentum in the latest reporting window.
Leverage and capital structure: Total debt equals $908,488,000, producing debt-to-assets of 47.39% and debt-to-equity of 431.67%, indicating elevated leverage relative to equity. Interest coverage remains robust at 24.70x, driven by low cost of debt and positive earnings, but balance-sheet gearing materially exceeds typical peer medians.
Operational efficiency and returns: Asset turnover registers 0.1786 and return on equity sits at 6.999%. Gross margin holds at 80.07%, above the industry peer mean, yet operating and EBIT margins lag peers, pointing to high gross profitability offset by elevated operating spend or restructuring investments (R&D of $39,859,000 and total operating expenses $262,268,000).
Valuation: WMDST values the stock as under-valued. Market multiples show a trailing PE of 196.23 and price-to-book of 37.38; both metrics sit above the industry peer mean and indicate market expectations priced into equity. Enterprise multiple and EVR sit elevated, consistent with high market capitalization relative to current earnings and enterprise cash performance.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-09-30 |
| REPORT DATE: | 2025-10-28 |
| NEXT REPORT DATE: | 2026-01-27 |
| CASH FLOW | Begin Period Cash Flow | $ 363.2 M |
| Operating Cash Flow | $ 76.8 M | |
| Capital Expenditures | $ -3.19 M | |
| Change In Working Capital | $ 8.3 M | |
| Dividends Paid | — | |
| Cash Flow Delta | $ 700.3 M | |
| End Period Cash Flow | $ 1.1 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 276.2 M | |
| Forward Revenue | $ 233.9 M | |
| COSTS | ||
| Cost Of Revenue | $ 55.0 M | |
| Depreciation | $ 3.0 M | |
| Depreciation and Amortization | $ 3.0 M | |
| Research and Development | $ 39.9 M | |
| Total Operating Expenses | $ 262.3 M | |
| PROFITABILITY | ||
| Gross Profit | $ 221.1 M | |
| EBITDA | $ 18.7 M | |
| EBIT | $ 15.7 M | |
| Operating Income | $ 13.9 M | |
| Interest Income | $ 3.1 M | |
| Interest Expense | $ 637.0 K | |
| Net Interest Income | $ 2.5 M | |
| Income Before Tax | $ 15.1 M | |
| Tax Provision | $ 370.0 K | |
| Tax Rate | 2.45 % | |
| Net Income | $ 14.7 M | |
| Net Income From Continuing Operations | $ 14.7 M | |
| EARNINGS | ||
| EPS Estimate | $ 0.94 | |
| EPS Actual | $ 0.91 | |
| EPS Difference | $ -0.03 | |
| EPS Surprise | -3.191 % | |
| Forward EPS | $ 1.13 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 1.9 B | |
| Intangible Assets | $ 232.5 M | |
| Net Tangible Assets | $ -22.08 M | |
| Total Current Assets | $ 1.4 B | |
| Cash and Short-Term Investments | $ 1.1 B | |
| Cash | $ 1.1 B | |
| Net Receivables | $ 234.8 M | |
| Inventory | — | |
| Long-Term Investments | $ 55.6 M | |
| LIABILITIES | ||
| Accounts Payable | $ 359.0 K | |
| Short-Term Debt | — | |
| Total Current Liabilities | $ 535.3 M | |
| Net Debt | — | |
| Total Debt | $ 908.5 M | |
| Total Liabilities | $ 1.7 B | |
| EQUITY | ||
| Total Equity | $ 210.5 M | |
| Retained Earnings | $ -1.23 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 4.78 | |
| Shares Outstanding | 44.051 M | |
| Revenue Per-Share | $ 6.27 | |
| VALUATION | Market Capitalization | $ 7.9 B |
| Enterprise Value | $ 7.7 B | |
| Enterprise Multiple | 411.953 | |
| Enterprise Multiple QoQ | 67.934 % | |
| Enterprise Multiple YoY | 29.574 % | |
| Enterprise Multiple IPRWA | high: 725.943 CVLT: 411.953 median: 119.829 mean: 107.344 low: -500.562 |
|
| EV/R | 27.919 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 9.108 | |
| Asset To Liability | 1.123 | |
| Debt To Capital | 0.812 | |
| Debt To Assets | 0.474 | |
| Debt To Assets QoQ | 1782.168 % | |
| Debt To Assets YoY | 8454.693 % | |
| Debt To Assets IPRWA | high: 1.164 CVLT: 0.474 mean: 0.257 median: 0.207 low: 0.001 |
|
| Debt To Equity | 4.317 | |
| Debt To Equity QoQ | 5216.108 % | |
| Debt To Equity YoY | 22464.976 % | |
| Debt To Equity IPRWA | CVLT: 4.317 high: 2.803 mean: 0.496 median: 0.213 low: -0.893 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 37.375 | |
| Price To Book QoQ | 78.042 % | |
| Price To Book YoY | 65.404 % | |
| Price To Book IPRWA | CVLT: 37.375 high: 32.156 mean: 15.058 median: 13.004 low: -17.466 |
|
| Price To Earnings (P/E) | 196.226 | |
| Price To Earnings QoQ | 15.428 % | |
| Price To Earnings YoY | 13.488 % | |
| Price To Earnings IPRWA | high: 535.496 CVLT: 196.226 mean: 156.488 median: 153.023 low: -396.374 |
|
| PE/G Ratio | -19.819 | |
| Price To Sales (P/S) | 28.481 | |
| Price To Sales QoQ | 4.887 % | |
| Price To Sales YoY | 5.845 % | |
| Price To Sales IPRWA | high: 95.267 median: 42.816 mean: 41.654 CVLT: 28.481 low: 1.307 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 186.659 | |
| Forward PE/G | -18.853 | |
| Forward P/S | 39.071 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 20.484 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.179 | |
| Asset Turnover Ratio QoQ | -27.34 % | |
| Asset Turnover Ratio YoY | -27.531 % | |
| Asset Turnover Ratio IPRWA | high: 0.414 CVLT: 0.179 median: 0.133 mean: 0.131 low: -0.008 |
|
| Receivables Turnover | 1.127 | |
| Receivables Turnover Ratio QoQ | 1.38 % | |
| Receivables Turnover Ratio YoY | -3.872 % | |
| Receivables Turnover Ratio IPRWA | high: 6.055 mean: 1.723 median: 1.571 CVLT: 1.127 low: -0.167 |
|
| Inventory Turnover | — | |
| Inventory Turnover Ratio QoQ | — | |
| Inventory Turnover Ratio YoY | — | |
| Inventory Turnover Ratio IPRWA | — | |
| Days Sales Outstanding (DSO) | 80.988 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | 80.62 | |
| Cash Conversion Cycle Days QoQ | — | |
| Cash Conversion Cycle Days YoY | — | |
| Cash Conversion Cycle Days IPRWA | high: 226.004 CVLT: 80.62 median: 44.35 mean: 23.988 low: -144.827 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 0.338 | |
| CapEx To Revenue | -0.012 | |
| CapEx To Depreciation | -1.069 | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 1.1 B | |
| Net Invested Capital | $ 1.1 B | |
| Invested Capital | $ 1.1 B | |
| Net Tangible Assets | $ -22.08 M | |
| Net Working Capital | $ 817.6 M | |
| LIQUIDITY | ||
| Cash Ratio | 1.987 | |
| Current Ratio | 2.527 | |
| Current Ratio QoQ | 103.057 % | |
| Current Ratio YoY | 110.253 % | |
| Current Ratio IPRWA | high: 8.127 CVLT: 2.527 mean: 2.043 median: 1.124 low: 0.159 |
|
| Quick Ratio | — | |
| Quick Ratio QoQ | — | |
| Quick Ratio YoY | — | |
| Quick Ratio IPRWA | — | |
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 48.536 | |
| Cost Of Debt | 0.132 % | |
| Interest Coverage Ratio | 24.705 | |
| Interest Coverage Ratio QoQ | -74.714 % | |
| Interest Coverage Ratio YoY | -84.527 % | |
| Interest Coverage Ratio IPRWA | high: 225.0 CVLT: 24.705 mean: 21.087 median: 9.798 low: -266.667 |
|
| Operating Cash Flow Ratio | 0.072 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 0.367 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | — | |
| Dividend Payout Ratio | — | |
| Dividend Rate | — | |
| Dividend Yield | — | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | 62.944 % | |
| Revenue Growth | -2.053 % | |
| Revenue Growth QoQ | -181.371 % | |
| Revenue Growth YoY | -153.603 % | |
| Revenue Growth IPRWA | high: 28.215 % mean: 4.811 % median: 4.141 % CVLT: -2.053 % low: -13.442 % |
|
| Earnings Growth | -9.901 % | |
| Earnings Growth QoQ | 409.835 % | |
| Earnings Growth YoY | 320.782 % | |
| Earnings Growth IPRWA | high: 200.0 % median: 12.791 % mean: 8.594 % CVLT: -9.901 % low: -181.25 % |
|
| MARGINS | ||
| Gross Margin | 80.07 % | |
| Gross Margin QoQ | -2.345 % | |
| Gross Margin YoY | -1.906 % | |
| Gross Margin IPRWA | high: 90.981 % CVLT: 80.07 % median: 77.558 % mean: 76.405 % low: 26.432 % |
|
| EBIT Margin | 5.698 % | |
| EBIT Margin QoQ | -40.843 % | |
| EBIT Margin YoY | -20.718 % | |
| EBIT Margin IPRWA | high: 76.323 % median: 29.144 % mean: 25.998 % CVLT: 5.698 % low: -105.646 % |
|
| Return On Sales (ROS) | 5.04 % | |
| Return On Sales QoQ | -42.656 % | |
| Return On Sales YoY | -29.873 % | |
| Return On Sales IPRWA | high: 76.795 % median: 29.387 % mean: 24.482 % CVLT: 5.04 % low: -156.314 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 73.6 M | |
| Free Cash Flow Yield | 0.935 % | |
| Free Cash Flow Yield QoQ | 140.36 % | |
| Free Cash Flow Yield YoY | 9.229 % | |
| Free Cash Flow Yield IPRWA | high: 10.114 % CVLT: 0.935 % median: 0.259 % mean: 0.257 % low: -10.76 % |
|
| Free Cash Growth | 146.903 % | |
| Free Cash Growth QoQ | -341.319 % | |
| Free Cash Growth YoY | 549.582 % | |
| Free Cash Growth IPRWA | high: 368.524 % CVLT: 146.903 % mean: -16.625 % median: -16.953 % low: -324.945 % |
|
| Free Cash To Net Income | 4.995 | |
| Cash Flow Margin | 13.998 % | |
| Cash Flow To Earnings | 2.625 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 0.952 % | |
| Return On Assets QoQ | -53.516 % | |
| Return On Assets YoY | -42.092 % | |
| Return On Assets IPRWA | high: 13.583 % mean: 2.952 % median: 1.924 % CVLT: 0.952 % low: -19.283 % |
|
| Return On Capital Employed (ROCE) | 1.139 % | |
| Return On Equity (ROE) | 0.07 | |
| Return On Equity QoQ | 8.646 % | |
| Return On Equity YoY | 24.915 % | |
| Return On Equity IPRWA | high: 0.151 CVLT: 0.07 mean: 0.051 median: 0.048 low: -0.395 |
|
| DuPont ROE | 5.121 % | |
| Return On Invested Capital (ROIC) | 1.409 % | |
| Return On Invested Capital QoQ | -78.35 % | |
| Return On Invested Capital YoY | -126.787 % | |
| Return On Invested Capital IPRWA | high: 14.226 % mean: 3.64 % median: 3.218 % CVLT: 1.409 % low: -12.344 % |
|