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Side-by-side financial comparison of COMMVAULT SYSTEMS INC (CVLT) and Walker & Dunlop, Inc. (WD). Click either name above to swap in a different company.
Walker & Dunlop, Inc. is the larger business by last-quarter revenue ($340.0M vs $313.8M, roughly 1.1× COMMVAULT SYSTEMS INC). COMMVAULT SYSTEMS INC runs the higher net margin — 5.7% vs -12.9%, a 18.6% gap on every dollar of revenue. On growth, COMMVAULT SYSTEMS INC posted the faster year-over-year revenue change (19.5% vs -0.4%). COMMVAULT SYSTEMS INC produced more free cash flow last quarter ($1.9M vs $-680.1M). Over the past eight quarters, Walker & Dunlop, Inc.'s revenue compounded faster (22.1% CAGR vs 18.6%).
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.
Walker & Dunlop, Inc. is one of the largest commercial real estate finance and advisory services firms in the United States and internationally.
CVLT vs WD — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $313.8M | $340.0M |
| Net Profit | $17.8M | $-13.9M |
| Gross Margin | 81.1% | — |
| Operating Margin | 6.3% | -17.2% |
| Net Margin | 5.7% | -12.9% |
| Revenue YoY | 19.5% | -0.4% |
| Net Profit YoY | 61.3% | -131.0% |
| EPS (diluted) | $0.40 | $-0.41 |
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.
| Q4 25 | $313.8M | $340.0M | ||
| Q3 25 | $276.2M | $337.7M | ||
| Q2 25 | $282.0M | $319.2M | ||
| Q1 25 | $275.0M | $237.4M | ||
| Q4 24 | $262.6M | $341.5M | ||
| Q3 24 | $233.3M | $292.3M | ||
| Q2 24 | $224.7M | $270.7M | ||
| Q1 24 | $223.3M | $228.1M |
| Q4 25 | $17.8M | $-13.9M | ||
| Q3 25 | $14.7M | $33.5M | ||
| Q2 25 | $23.5M | $34.0M | ||
| Q1 25 | $31.0M | $2.8M | ||
| Q4 24 | $11.0M | $44.8M | ||
| Q3 24 | $15.6M | $28.8M | ||
| Q2 24 | $18.5M | $22.7M | ||
| Q1 24 | $126.1M | $11.9M |
| Q4 25 | 81.1% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 82.0% | — | ||
| Q1 25 | 82.6% | — | ||
| Q4 24 | 81.5% | — | ||
| Q3 24 | 81.6% | — | ||
| Q2 24 | 82.3% | — | ||
| Q1 24 | 82.5% | — |
| Q4 25 | 6.3% | -17.2% | ||
| Q3 25 | 4.5% | 13.6% | ||
| Q2 25 | 8.9% | 14.5% | ||
| Q1 25 | 9.7% | 2.2% | ||
| Q4 24 | 5.2% | 15.3% | ||
| Q3 24 | 6.4% | 12.8% | ||
| Q2 24 | 8.2% | 10.4% | ||
| Q1 24 | 8.1% | 6.0% |
| Q4 25 | 5.7% | -12.9% | ||
| Q3 25 | 5.3% | 9.9% | ||
| Q2 25 | 8.3% | 10.6% | ||
| Q1 25 | 11.3% | 1.2% | ||
| Q4 24 | 4.2% | 13.1% | ||
| Q3 24 | 6.7% | 9.9% | ||
| Q2 24 | 8.2% | 8.4% | ||
| Q1 24 | 56.5% | 5.2% |
| Q4 25 | $0.40 | $-0.41 | ||
| Q3 25 | $0.33 | $0.98 | ||
| Q2 25 | $0.52 | $0.99 | ||
| Q1 25 | $0.68 | $0.08 | ||
| Q4 24 | $0.24 | $1.32 | ||
| Q3 24 | $0.35 | $0.85 | ||
| Q2 24 | $0.41 | $0.67 | ||
| Q1 24 | $2.80 | $0.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.0B | $299.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $216.7M | $1.7B |
| Total Assets | $2.0B | $5.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $299.3M | ||
| Q3 25 | $1.1B | $274.8M | ||
| Q2 25 | $363.2M | $233.7M | ||
| Q1 25 | $302.1M | $181.0M | ||
| Q4 24 | $243.6M | $279.3M | ||
| Q3 24 | $303.1M | $179.8M | ||
| Q2 24 | $287.9M | $208.1M | ||
| Q1 24 | $312.8M | $216.5M |
| Q4 25 | $216.7M | $1.7B | ||
| Q3 25 | $210.5M | $1.8B | ||
| Q2 25 | $364.7M | $1.8B | ||
| Q1 25 | $325.1M | $1.7B | ||
| Q4 24 | $287.8M | $1.7B | ||
| Q3 24 | $277.8M | $1.7B | ||
| Q2 24 | $281.8M | $1.7B | ||
| Q1 24 | $278.1M | $1.7B |
| Q4 25 | $2.0B | $5.1B | ||
| Q3 25 | $1.9B | $5.8B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.1B | $4.5B | ||
| Q4 24 | $1.0B | $4.4B | ||
| Q3 24 | $958.5M | $4.6B | ||
| Q2 24 | $934.9M | $4.2B | ||
| Q1 24 | $943.9M | $3.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $4.0M | $-664.3M |
| Free Cash FlowOCF − Capex | $1.9M | $-680.1M |
| FCF MarginFCF / Revenue | 0.6% | -200.0% |
| Capex IntensityCapex / Revenue | 0.7% | 4.6% |
| Cash ConversionOCF / Net Profit | 0.23× | — |
| TTM Free Cash FlowTrailing 4 quarters | $181.5M | $-2.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0M | $-664.3M | ||
| Q3 25 | $76.8M | $-948.1M | ||
| Q2 25 | $31.7M | $-238.5M | ||
| Q1 25 | $77.0M | $-281.1M | ||
| Q4 24 | $30.1M | $129.4M | ||
| Q3 24 | $55.6M | $-202.0M | ||
| Q2 24 | $44.7M | $-237.8M | ||
| Q1 24 | $80.0M | $38.4M |
| Q4 25 | $1.9M | $-680.1M | ||
| Q3 25 | $73.6M | $-950.4M | ||
| Q2 25 | $29.8M | $-241.0M | ||
| Q1 25 | $76.2M | $-284.7M | ||
| Q4 24 | $29.9M | $116.4M | ||
| Q3 24 | $53.7M | $-204.0M | ||
| Q2 24 | $43.8M | $-241.7M | ||
| Q1 24 | $79.1M | $35.2M |
| Q4 25 | 0.6% | -200.0% | ||
| Q3 25 | 26.6% | -281.5% | ||
| Q2 25 | 10.6% | -75.5% | ||
| Q1 25 | 27.7% | -120.0% | ||
| Q4 24 | 11.4% | 34.1% | ||
| Q3 24 | 23.0% | -69.8% | ||
| Q2 24 | 19.5% | -89.3% | ||
| Q1 24 | 35.4% | 15.4% |
| Q4 25 | 0.7% | 4.6% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 0.3% | 1.5% | ||
| Q4 24 | 0.1% | 3.8% | ||
| Q3 24 | 0.8% | 0.7% | ||
| Q2 24 | 0.4% | 1.4% | ||
| Q1 24 | 0.4% | 1.4% |
| Q4 25 | 0.23× | — | ||
| Q3 25 | 5.21× | -28.34× | ||
| Q2 25 | 1.35× | -7.02× | ||
| Q1 25 | 2.48× | -102.07× | ||
| Q4 24 | 2.74× | 2.89× | ||
| Q3 24 | 3.57× | -7.01× | ||
| Q2 24 | 2.41× | -10.49× | ||
| Q1 24 | 0.63× | 3.24× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CVLT
| Term Based Software Licenses | $119.0M | 38% |
| Software As A Service | $87.4M | 28% |
| Customer Support Service | $80.3M | 26% |
| Perpetual License | $13.7M | 4% |
| Other | $13.6M | 4% |
WD
Segment breakdown not available.
