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Side-by-side financial comparison of COMMVAULT SYSTEMS INC (CVLT) and MADRIGAL PHARMACEUTICALS, INC. (MDGL). Click either name above to swap in a different company.

MADRIGAL PHARMACEUTICALS, INC. is the larger business by last-quarter revenue ($321.1M vs $311.7M, roughly 1.0× COMMVAULT SYSTEMS INC). COMMVAULT SYSTEMS INC runs the higher net margin — 4.7% vs -18.2%, a 22.9% gap on every dollar of revenue. On growth, MADRIGAL PHARMACEUTICALS, INC. posted the faster year-over-year revenue change (210.8% vs 13.3%). COMMVAULT SYSTEMS INC produced more free cash flow last quarter ($131.8M vs $-133.8M).

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.

Intercept Pharmaceuticals, Inc. is an American biopharmaceutical company incorporated in 2002, focusing on the development of novel synthetic bile acid analogs to treat chronic liver diseases, such as primary biliary cirrhosis (PBC) now called primary biliary cholangitis, non-alcoholic fatty liver disease, cirrhosis, portal hypertension, primary sclerosing cholangitis and also the intestinal disorder, bile acid diarrhea.

CVLT vs MDGL — Head-to-Head

Bigger by revenue
MDGL
MDGL
1.0× larger
MDGL
$321.1M
$311.7M
CVLT
Growing faster (revenue YoY)
MDGL
MDGL
+197.4% gap
MDGL
210.8%
13.3%
CVLT
Higher net margin
CVLT
CVLT
22.9% more per $
CVLT
4.7%
-18.2%
MDGL
More free cash flow
CVLT
CVLT
$265.7M more FCF
CVLT
$131.8M
$-133.8M
MDGL

Income Statement — Q4 FY2026 vs Q4 FY2025

Metric
CVLT
CVLT
MDGL
MDGL
Revenue
$311.7M
$321.1M
Net Profit
$14.6M
$-58.6M
Gross Margin
81.4%
Operating Margin
5.3%
-18.6%
Net Margin
4.7%
-18.2%
Revenue YoY
13.3%
210.8%
Net Profit YoY
1.4%
EPS (diluted)
$0.34
$-2.55

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
MDGL
MDGL
Q1 26
$311.7M
Q4 25
$313.8M
$321.1M
Q3 25
$276.2M
$287.3M
Q2 25
$282.0M
$212.8M
Q1 25
$275.0M
$137.3M
Q4 24
$262.6M
$103.3M
Q3 24
$233.3M
$62.2M
Q2 24
$224.7M
Net Profit
CVLT
CVLT
MDGL
MDGL
Q1 26
$14.6M
Q4 25
$17.8M
$-58.6M
Q3 25
$14.7M
$-114.2M
Q2 25
$23.5M
$-42.3M
Q1 25
$31.0M
$-73.2M
Q4 24
$11.0M
$-59.4M
Q3 24
$15.6M
$-107.0M
Q2 24
$18.5M
Gross Margin
CVLT
CVLT
MDGL
MDGL
Q1 26
81.4%
Q4 25
81.1%
Q3 25
80.1%
Q2 25
82.0%
Q1 25
82.6%
96.7%
Q4 24
81.5%
Q3 24
81.6%
Q2 24
82.3%
Operating Margin
CVLT
CVLT
MDGL
MDGL
Q1 26
5.3%
Q4 25
6.3%
-18.6%
Q3 25
4.5%
-39.7%
Q2 25
8.9%
-22.2%
Q1 25
9.7%
-57.8%
Q4 24
5.2%
-64.8%
Q3 24
6.4%
-187.1%
Q2 24
8.2%
Net Margin
CVLT
CVLT
MDGL
MDGL
Q1 26
4.7%
Q4 25
5.7%
-18.2%
Q3 25
5.3%
-39.8%
Q2 25
8.3%
-19.9%
Q1 25
11.3%
-53.4%
Q4 24
4.2%
-57.5%
Q3 24
6.7%
-172.0%
Q2 24
8.2%
EPS (diluted)
CVLT
CVLT
MDGL
MDGL
Q1 26
$0.34
Q4 25
$0.40
$-2.55
Q3 25
$0.33
$-5.08
Q2 25
$0.52
$-1.90
Q1 25
$0.68
$-3.32
Q4 24
$0.24
$-2.50
Q3 24
$0.35
$-4.92
Q2 24
$0.41

Balance Sheet & Financial Strength

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

Metric
CVLT
CVLT
MDGL
MDGL
Cash + ST InvestmentsLiquidity on hand
$900.0M
$198.7M
Total DebtLower is stronger
$339.9M
Stockholders' EquityBook value
$7.5M
$602.7M
Total Assets
$1.9B
$1.3B
Debt / EquityLower = less leverage
0.56×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLT
CVLT
MDGL
MDGL
Q1 26
$900.0M
Q4 25
$1.0B
$198.7M
Q3 25
$1.1B
$295.7M
Q2 25
$363.2M
$186.2M
Q1 25
$302.1M
$183.6M
Q4 24
$243.6M
$100.0M
Q3 24
$303.1M
$232.7M
Q2 24
$287.9M
Total Debt
CVLT
CVLT
MDGL
MDGL
Q1 26
Q4 25
$339.9M
Q3 25
$339.8M
Q2 25
$118.4M
Q1 25
$118.0M
Q4 24
$117.6M
Q3 24
$117.1M
Q2 24
Stockholders' Equity
CVLT
CVLT
MDGL
MDGL
Q1 26
$7.5M
Q4 25
$216.7M
$602.7M
Q3 25
$210.5M
$625.7M
Q2 25
$364.7M
$696.0M
Q1 25
$325.1M
$710.6M
Q4 24
$287.8M
$754.4M
Q3 24
$277.8M
$777.2M
Q2 24
$281.8M
Total Assets
CVLT
CVLT
MDGL
MDGL
Q1 26
$1.9B
Q4 25
$2.0B
$1.3B
Q3 25
$1.9B
$1.4B
Q2 25
$1.2B
$1.0B
Q1 25
$1.1B
$996.6M
Q4 24
$1.0B
$1.0B
Q3 24
$958.5M
$1.1B
Q2 24
$934.9M
Debt / Equity
CVLT
CVLT
MDGL
MDGL
Q1 26
Q4 25
0.56×
Q3 25
0.54×
Q2 25
0.17×
Q1 25
0.17×
Q4 24
0.16×
Q3 24
0.15×
Q2 24

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
MDGL
MDGL
Operating Cash FlowLast quarter
$132.2M
$-133.5M
Free Cash FlowOCF − Capex
$131.8M
$-133.8M
FCF MarginFCF / Revenue
42.3%
-41.7%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
9.02×
TTM Free Cash FlowTrailing 4 quarters
$237.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVLT
CVLT
MDGL
MDGL
Q1 26
$132.2M
Q4 25
$4.0M
$-133.5M
Q3 25
$76.8M
$79.8M
Q2 25
$31.7M
$-47.1M
Q1 25
$77.0M
$-88.9M
Q4 24
$30.1M
$-104.5M
Q3 24
$55.6M
$-67.0M
Q2 24
$44.7M
Free Cash Flow
CVLT
CVLT
MDGL
MDGL
Q1 26
$131.8M
Q4 25
$1.9M
$-133.8M
Q3 25
$73.6M
$79.0M
Q2 25
$29.8M
Q1 25
$76.2M
Q4 24
$29.9M
$-104.7M
Q3 24
$53.7M
$-67.8M
Q2 24
$43.8M
FCF Margin
CVLT
CVLT
MDGL
MDGL
Q1 26
42.3%
Q4 25
0.6%
-41.7%
Q3 25
26.6%
27.5%
Q2 25
10.6%
Q1 25
27.7%
Q4 24
11.4%
-101.3%
Q3 24
23.0%
-109.0%
Q2 24
19.5%
Capex Intensity
CVLT
CVLT
MDGL
MDGL
Q1 26
Q4 25
0.7%
0.1%
Q3 25
1.2%
0.3%
Q2 25
0.7%
0.0%
Q1 25
0.3%
0.0%
Q4 24
0.1%
0.2%
Q3 24
0.8%
1.3%
Q2 24
0.4%
Cash Conversion
CVLT
CVLT
MDGL
MDGL
Q1 26
9.02×
Q4 25
0.23×
Q3 25
5.21×
Q2 25
1.35×
Q1 25
2.48×
Q4 24
2.74×
Q3 24
3.57×
Q2 24
2.41×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CVLT
CVLT

Term-based license$114.4M37%
Software-as-a-service$93.1M30%
Customer support$80.9M26%
Other$13.1M4%
Perpetual license$10.1M3%

MDGL
MDGL

Rebates Customer Fees Credits Co Pay Assistance And Other$208.5M65%
Other$76.0M24%
Chargebacks Discounts For Prompt Pay And Other Allowances$36.6M11%

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