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Side-by-side financial comparison of COMMVAULT SYSTEMS INC (CVLT) and FEDERAL SIGNAL CORP (FSS). Click either name above to swap in a different company.

FEDERAL SIGNAL CORP is the larger business by last-quarter revenue ($597.1M vs $313.8M, roughly 1.9× COMMVAULT SYSTEMS INC). FEDERAL SIGNAL CORP runs the higher net margin — 10.2% vs 5.7%, a 4.5% gap on every dollar of revenue. On growth, FEDERAL SIGNAL CORP posted the faster year-over-year revenue change (26.5% vs 19.5%). FEDERAL SIGNAL CORP produced more free cash flow last quarter ($89.5M vs $1.9M). Over the past eight quarters, COMMVAULT SYSTEMS INC's revenue compounded faster (18.6% CAGR vs 18.5%).

Commvault Systems, Inc. is an American publicly traded cybersecurity and data protection software company. Commvault's services are used for data security, as well as cloud and infrastructure management.

The Federal Signal Company was an American manufacturer of railway signaling equipment in the early 20th century. It was located in Albany, New York.

CVLT vs FSS — Head-to-Head

Bigger by revenue
FSS
FSS
1.9× larger
FSS
$597.1M
$313.8M
CVLT
Growing faster (revenue YoY)
FSS
FSS
+7.0% gap
FSS
26.5%
19.5%
CVLT
Higher net margin
FSS
FSS
4.5% more per $
FSS
10.2%
5.7%
CVLT
More free cash flow
FSS
FSS
$87.6M more FCF
FSS
$89.5M
$1.9M
CVLT
Faster 2-yr revenue CAGR
CVLT
CVLT
Annualised
CVLT
18.6%
18.5%
FSS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CVLT
CVLT
FSS
FSS
Revenue
$313.8M
$597.1M
Net Profit
$17.8M
$60.8M
Gross Margin
81.1%
28.4%
Operating Margin
6.3%
14.0%
Net Margin
5.7%
10.2%
Revenue YoY
19.5%
26.5%
Net Profit YoY
61.3%
21.6%
EPS (diluted)
$0.40
$0.99

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CVLT
CVLT
FSS
FSS
Q4 25
$313.8M
$597.1M
Q3 25
$276.2M
$555.0M
Q2 25
$282.0M
$564.6M
Q1 25
$275.0M
$463.8M
Q4 24
$262.6M
$472.0M
Q3 24
$233.3M
$474.2M
Q2 24
$224.7M
$490.4M
Q1 24
$223.3M
$424.9M
Net Profit
CVLT
CVLT
FSS
FSS
Q4 25
$17.8M
$60.8M
Q3 25
$14.7M
$68.1M
Q2 25
$23.5M
$71.4M
Q1 25
$31.0M
$46.3M
Q4 24
$11.0M
$50.0M
Q3 24
$15.6M
$53.9M
Q2 24
$18.5M
$60.8M
Q1 24
$126.1M
$51.6M
Gross Margin
CVLT
CVLT
FSS
FSS
Q4 25
81.1%
28.4%
Q3 25
80.1%
29.1%
Q2 25
82.0%
30.0%
Q1 25
82.6%
28.2%
Q4 24
81.5%
28.1%
Q3 24
81.6%
29.6%
Q2 24
82.3%
29.4%
Q1 24
82.5%
27.3%
Operating Margin
CVLT
CVLT
FSS
FSS
Q4 25
6.3%
14.0%
Q3 25
4.5%
16.9%
Q2 25
8.9%
17.3%
Q1 25
9.7%
14.2%
Q4 24
5.2%
14.9%
Q3 24
6.4%
16.0%
Q2 24
8.2%
16.5%
Q1 24
8.1%
12.8%
Net Margin
CVLT
CVLT
FSS
FSS
Q4 25
5.7%
10.2%
Q3 25
5.3%
12.3%
Q2 25
8.3%
12.6%
Q1 25
11.3%
10.0%
Q4 24
4.2%
10.6%
Q3 24
6.7%
11.4%
Q2 24
8.2%
12.4%
Q1 24
56.5%
12.1%
EPS (diluted)
CVLT
CVLT
FSS
FSS
Q4 25
$0.40
$0.99
Q3 25
$0.33
$1.11
Q2 25
$0.52
$1.16
Q1 25
$0.68
$0.75
Q4 24
$0.24
$0.80
Q3 24
$0.35
$0.87
Q2 24
$0.41
$0.99
Q1 24
$2.80
$0.84

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CVLT
CVLT
FSS
FSS
Cash + ST InvestmentsLiquidity on hand
$1.0B
$63.7M
Total DebtLower is stronger
$564.6M
Stockholders' EquityBook value
$216.7M
$1.4B
Total Assets
$2.0B
$2.4B
Debt / EquityLower = less leverage
0.41×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLT
CVLT
FSS
FSS
Q4 25
$1.0B
$63.7M
Q3 25
$1.1B
$54.4M
Q2 25
$363.2M
$64.7M
Q1 25
$302.1M
$57.5M
Q4 24
$243.6M
$91.1M
Q3 24
$303.1M
$73.7M
Q2 24
$287.9M
$48.6M
Q1 24
$312.8M
$48.9M
Total Debt
CVLT
CVLT
FSS
FSS
Q4 25
$564.6M
Q3 25
$201.2M
Q2 25
$258.3M
Q1 25
$266.9M
Q4 24
$204.4M
Q3 24
$223.3M
Q2 24
$248.8M
Q1 24
$266.8M
Stockholders' Equity
CVLT
CVLT
FSS
FSS
Q4 25
$216.7M
$1.4B
Q3 25
$210.5M
$1.3B
Q2 25
$364.7M
$1.3B
Q1 25
$325.1M
$1.2B
Q4 24
$287.8M
$1.2B
Q3 24
$277.8M
$1.1B
Q2 24
$281.8M
$1.1B
Q1 24
$278.1M
$1.0B
Total Assets
CVLT
CVLT
FSS
FSS
Q4 25
$2.0B
$2.4B
Q3 25
$1.9B
$1.9B
Q2 25
$1.2B
$1.9B
Q1 25
$1.1B
$1.9B
Q4 24
$1.0B
$1.8B
Q3 24
$958.5M
$1.7B
Q2 24
$934.9M
$1.7B
Q1 24
$943.9M
$1.7B
Debt / Equity
CVLT
CVLT
FSS
FSS
Q4 25
0.41×
Q3 25
0.15×
Q2 25
0.20×
Q1 25
0.22×
Q4 24
0.17×
Q3 24
0.19×
Q2 24
0.23×
Q1 24
0.26×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CVLT
CVLT
FSS
FSS
Operating Cash FlowLast quarter
$4.0M
$97.2M
Free Cash FlowOCF − Capex
$1.9M
$89.5M
FCF MarginFCF / Revenue
0.6%
15.0%
Capex IntensityCapex / Revenue
0.7%
1.3%
Cash ConversionOCF / Net Profit
0.23×
1.60×
TTM Free Cash FlowTrailing 4 quarters
$181.5M
$227.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVLT
CVLT
FSS
FSS
Q4 25
$4.0M
$97.2M
Q3 25
$76.8M
$61.1M
Q2 25
$31.7M
$59.7M
Q1 25
$77.0M
$36.7M
Q4 24
$30.1M
$90.6M
Q3 24
$55.6M
$68.8M
Q2 24
$44.7M
$40.6M
Q1 24
$80.0M
$31.3M
Free Cash Flow
CVLT
CVLT
FSS
FSS
Q4 25
$1.9M
$89.5M
Q3 25
$73.6M
$54.1M
Q2 25
$29.8M
$52.4M
Q1 25
$76.2M
$31.1M
Q4 24
$29.9M
$82.1M
Q3 24
$53.7M
$60.9M
Q2 24
$43.8M
$24.8M
Q1 24
$79.1M
$22.9M
FCF Margin
CVLT
CVLT
FSS
FSS
Q4 25
0.6%
15.0%
Q3 25
26.6%
9.7%
Q2 25
10.6%
9.3%
Q1 25
27.7%
6.7%
Q4 24
11.4%
17.4%
Q3 24
23.0%
12.8%
Q2 24
19.5%
5.1%
Q1 24
35.4%
5.4%
Capex Intensity
CVLT
CVLT
FSS
FSS
Q4 25
0.7%
1.3%
Q3 25
1.2%
1.3%
Q2 25
0.7%
1.3%
Q1 25
0.3%
1.2%
Q4 24
0.1%
1.8%
Q3 24
0.8%
1.7%
Q2 24
0.4%
3.2%
Q1 24
0.4%
2.0%
Cash Conversion
CVLT
CVLT
FSS
FSS
Q4 25
0.23×
1.60×
Q3 25
5.21×
0.90×
Q2 25
1.35×
0.84×
Q1 25
2.48×
0.79×
Q4 24
2.74×
1.81×
Q3 24
3.57×
1.28×
Q2 24
2.41×
0.67×
Q1 24
0.63×
0.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

CVLT
CVLT

Term Based Software Licenses$119.0M38%
Software As A Service$87.4M28%
Customer Support Service$80.3M26%
Perpetual License$13.7M4%
Other$13.6M4%

FSS
FSS

Vehiclesandequipment$403.4M68%
Parts$66.8M11%
Publicsafetyandsecurityequipment$62.2M10%
Rentalincome$19.0M3%
Industrialsignalingequipment$18.2M3%
Other$14.9M2%
Warningsystems$12.6M2%

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