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

COMMVAULT SYSTEMS INC is the larger business by last-quarter revenue ($311.7M vs $276.0M, roughly 1.1× ORMAT TECHNOLOGIES, INC.). ORMAT TECHNOLOGIES, INC. runs the higher net margin — 11.4% vs 4.7%, a 6.7% gap on every dollar of revenue. On growth, ORMAT TECHNOLOGIES, INC. posted the faster year-over-year revenue change (19.6% vs 13.3%). COMMVAULT SYSTEMS INC produced more free cash flow last quarter ($131.8M vs $-40.0M). Over the past eight quarters, COMMVAULT SYSTEMS INC's revenue compounded faster (17.8% CAGR vs 11.0%).

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.

Ormat Technologies, Inc. is an international company based in Reno, Nevada, United States. Ormat supplies alternative and renewable geothermal energy technology. The company has built over 190 power plants and installed over 3,200 MW of output. As of January 2021 it owns and operates 933 MW of geothermal and recovered energy based power plants. Ormat has supplied over 1000 turbochargers worldwide, in North America, South America, Europe, Australia, and Asia. The company's products also includ...

CVLT vs ORA — Head-to-Head

Bigger by revenue
CVLT
CVLT
1.1× larger
CVLT
$311.7M
$276.0M
ORA
Growing faster (revenue YoY)
ORA
ORA
+6.3% gap
ORA
19.6%
13.3%
CVLT
Higher net margin
ORA
ORA
6.7% more per $
ORA
11.4%
4.7%
CVLT
More free cash flow
CVLT
CVLT
$171.9M more FCF
CVLT
$131.8M
$-40.0M
ORA
Faster 2-yr revenue CAGR
CVLT
CVLT
Annualised
CVLT
17.8%
11.0%
ORA

Income Statement — Q4 FY2026 vs Q4 FY2025

Metric
CVLT
CVLT
ORA
ORA
Revenue
$311.7M
$276.0M
Net Profit
$14.6M
$31.4M
Gross Margin
81.4%
28.6%
Operating Margin
5.3%
15.4%
Net Margin
4.7%
11.4%
Revenue YoY
13.3%
19.6%
Net Profit YoY
-23.2%
EPS (diluted)
$0.34
$0.51

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
ORA
ORA
Q1 26
$311.7M
Q4 25
$313.8M
$276.0M
Q3 25
$276.2M
$249.7M
Q2 25
$282.0M
$234.0M
Q1 25
$275.0M
$229.8M
Q4 24
$262.6M
$230.7M
Q3 24
$233.3M
$211.8M
Q2 24
$224.7M
$213.0M
Net Profit
CVLT
CVLT
ORA
ORA
Q1 26
$14.6M
Q4 25
$17.8M
$31.4M
Q3 25
$14.7M
$24.1M
Q2 25
$23.5M
$28.0M
Q1 25
$31.0M
$40.4M
Q4 24
$11.0M
$40.8M
Q3 24
$15.6M
$22.1M
Q2 24
$18.5M
$22.2M
Gross Margin
CVLT
CVLT
ORA
ORA
Q1 26
81.4%
Q4 25
81.1%
28.6%
Q3 25
80.1%
25.6%
Q2 25
82.0%
24.3%
Q1 25
82.6%
31.7%
Q4 24
81.5%
31.9%
Q3 24
81.6%
27.8%
Q2 24
82.3%
28.8%
Operating Margin
CVLT
CVLT
ORA
ORA
Q1 26
5.3%
Q4 25
6.3%
15.4%
Q3 25
4.5%
16.2%
Q2 25
8.9%
15.1%
Q1 25
9.7%
22.2%
Q4 24
5.2%
21.3%
Q3 24
6.4%
16.8%
Q2 24
8.2%
16.5%
Net Margin
CVLT
CVLT
ORA
ORA
Q1 26
4.7%
Q4 25
5.7%
11.4%
Q3 25
5.3%
9.7%
Q2 25
8.3%
12.0%
Q1 25
11.3%
17.6%
Q4 24
4.2%
17.7%
Q3 24
6.7%
10.4%
Q2 24
8.2%
10.4%
EPS (diluted)
CVLT
CVLT
ORA
ORA
Q1 26
$0.34
Q4 25
$0.40
$0.51
Q3 25
$0.33
$0.39
Q2 25
$0.52
$0.46
Q1 25
$0.68
$0.66
Q4 24
$0.24
$0.67
Q3 24
$0.35
$0.36
Q2 24
$0.41
$0.37

Balance Sheet & Financial Strength

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

Metric
CVLT
CVLT
ORA
ORA
Cash + ST InvestmentsLiquidity on hand
$900.0M
$147.4M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
$7.5M
$2.5B
Total Assets
$1.9B
$6.2B
Debt / EquityLower = less leverage
1.05×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CVLT
CVLT
ORA
ORA
Q1 26
$900.0M
Q4 25
$1.0B
$147.4M
Q3 25
$1.1B
$79.6M
Q2 25
$363.2M
$88.5M
Q1 25
$302.1M
$112.7M
Q4 24
$243.6M
$94.4M
Q3 24
$303.1M
$88.1M
Q2 24
$287.9M
$66.3M
Total Debt
CVLT
CVLT
ORA
ORA
Q1 26
Q4 25
$2.7B
Q3 25
Q2 25
Q1 25
Q4 24
$2.3B
Q3 24
Q2 24
Stockholders' Equity
CVLT
CVLT
ORA
ORA
Q1 26
$7.5M
Q4 25
$216.7M
$2.5B
Q3 25
$210.5M
$2.5B
Q2 25
$364.7M
$2.5B
Q1 25
$325.1M
$2.5B
Q4 24
$287.8M
$2.4B
Q3 24
$277.8M
$2.4B
Q2 24
$281.8M
$2.4B
Total Assets
CVLT
CVLT
ORA
ORA
Q1 26
$1.9B
Q4 25
$2.0B
$6.2B
Q3 25
$1.9B
$6.1B
Q2 25
$1.2B
$6.0B
Q1 25
$1.1B
$5.8B
Q4 24
$1.0B
$5.7B
Q3 24
$958.5M
$5.6B
Q2 24
$934.9M
$5.5B
Debt / Equity
CVLT
CVLT
ORA
ORA
Q1 26
Q4 25
1.05×
Q3 25
Q2 25
Q1 25
Q4 24
0.97×
Q3 24
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
ORA
ORA
Operating Cash FlowLast quarter
$132.2M
$105.0M
Free Cash FlowOCF − Capex
$131.8M
$-40.0M
FCF MarginFCF / Revenue
42.3%
-14.5%
Capex IntensityCapex / Revenue
52.6%
Cash ConversionOCF / Net Profit
9.02×
3.35×
TTM Free Cash FlowTrailing 4 quarters
$237.2M
$-284.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CVLT
CVLT
ORA
ORA
Q1 26
$132.2M
Q4 25
$4.0M
$105.0M
Q3 25
$76.8M
$45.2M
Q2 25
$31.7M
$96.9M
Q1 25
$77.0M
$88.0M
Q4 24
$30.1M
$158.6M
Q3 24
$55.6M
$106.4M
Q2 24
$44.7M
$30.7M
Free Cash Flow
CVLT
CVLT
ORA
ORA
Q1 26
$131.8M
Q4 25
$1.9M
$-40.0M
Q3 25
$73.6M
$-102.1M
Q2 25
$29.8M
$-37.9M
Q1 25
$76.2M
$-104.6M
Q4 24
$29.9M
$30.9M
Q3 24
$53.7M
$-3.3M
Q2 24
$43.8M
$-116.1M
FCF Margin
CVLT
CVLT
ORA
ORA
Q1 26
42.3%
Q4 25
0.6%
-14.5%
Q3 25
26.6%
-40.9%
Q2 25
10.6%
-16.2%
Q1 25
27.7%
-45.5%
Q4 24
11.4%
13.4%
Q3 24
23.0%
-1.6%
Q2 24
19.5%
-54.5%
Capex Intensity
CVLT
CVLT
ORA
ORA
Q1 26
Q4 25
0.7%
52.6%
Q3 25
1.2%
59.0%
Q2 25
0.7%
57.6%
Q1 25
0.3%
83.8%
Q4 24
0.1%
55.4%
Q3 24
0.8%
51.8%
Q2 24
0.4%
69.0%
Cash Conversion
CVLT
CVLT
ORA
ORA
Q1 26
9.02×
Q4 25
0.23×
3.35×
Q3 25
5.21×
1.87×
Q2 25
1.35×
3.45×
Q1 25
2.48×
2.18×
Q4 24
2.74×
3.89×
Q3 24
3.57×
4.82×
Q2 24
2.41×
1.38×

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%

ORA
ORA

Electricity$186.6M68%
Products$63.1M23%
Energy Storage Segment$26.3M10%
Product Segment$1.2M0%

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