CommVault Systems vs Progress Software
CommVault Systems reported revenue of $1.2 billion in fiscal 2026, 1.2 times Progress Software's $978 million in fiscal 2025. CommVault Systems' revenue grew 18.9% in its latest year, and Progress Software's grew 29.8%. CommVault Systems had an operating margin of 6.2%, against 15.7% at Progress Software. Free cash flow was $237 million at CommVault Systems and $229 million at Progress Software. Their fiscal years end in different months (March 31 and November 30), so the periods don't line up exactly.
Side by side
| CommVault Systems | Progress Software | |
|---|---|---|
| Latest fiscal year | FY2026, Mar 31, 2026 | FY2025, Nov 30, 2025 |
| Revenue | $1.2B | $978M |
| Revenue growth | 18.9% | 29.8% |
| Revenue growth a year, last 5 years | 10.3% | 17.2% |
| Gross margin | 81.2% | 80.8% |
| Operating margin | 6.2% | 15.7% |
| Net margin | 6.0% | 7.5% |
| Free cash flow | $237M | $229M |
| Free cash flow margin | 20.0% | 23.5% |
| Return on capital | — | 7.6% |
| Net debt to EBITDA | −0.2x | 8.2x |
| Dividends and buybacks | $446M | $106M |
| Change in diluted share count | −1.2% | −0.9% |
| Last close | $158.36 | $43.50 |
| P/E at the last close | 82.1× | 20.0× |
| Insider trades, last 12 months | sold $18.0 million | sold $2.4 million |
| Piotroski F-score | 6 of 9 | 5 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CommVault SystemsProgress Software
Operating margin
Percent of revenue
CommVault SystemsProgress Software
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CommVault SystemsProgress Software
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CommVault Systems and Progress Software pages.