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COMMVAULT SYSTEMS INC（CVLT）与Forestar Group Inc.（FOR）财务数据对比。点击上方公司名可切换其他公司
COMMVAULT SYSTEMS INC的季度营收约是Forestar Group Inc.的1.1倍（$311.7M vs $273.0M），Forestar Group Inc.净利率更高（5.6% vs 4.7%，领先0.9%），COMMVAULT SYSTEMS INC同比增速更快（13.3% vs 9.0%），COMMVAULT SYSTEMS INC自由现金流更多（$131.8M vs $-157.1M），过去两年COMMVAULT SYSTEMS INC的营收复合增速更高（17.8% vs -9.6%）
Commvault Systems Inc.是美国上市的网络安全与数据保护软件企业，核心业务覆盖数据安全、云服务及基础设施管理领域，旗下方案广泛应用于各类企业的数据资产防护与IT架构运维场景，助力客户降低数据风险、提升云环境运营效率。
福雷斯特集团是一家住宅地块开发企业，总部位于得克萨斯州阿灵顿，业务覆盖美国21个州的51个市场。截至2020年12月31日的12个月内，该公司交付了11518块住宅地块，目前在纽约证券交易所上市，自2002年起就是美国规模最大的住宅建筑商D.R. Horton的控股子公司。
CVLT vs FOR — 直观对比
营收规模更大
CVLT
是对方的1.1倍
$273.0M
营收增速更快
CVLT
高出4.3%
9.0%
净利率更高
FOR
高出0.9%
4.7%
自由现金流更多
CVLT
多$288.9M
$-157.1M
两年增速更快
CVLT
近两年复合增速
-9.6%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $311.7M | $273.0M |
| 净利润 | $14.6M | $15.4M |
| 毛利率 | 81.4% | 20.1% |
| 营业利润率 | 5.3% | 7.6% |
| 净利率 | 4.7% | 5.6% |
| 营收同比 | 13.3% | 9.0% |
| 净利润同比 | — | -6.7% |
| 每股收益（稀释后） | $0.34 | $0.30 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CVLTFOR
| Q1 26 | $311.7M | — | ||
| Q4 25 | $313.8M | $273.0M | ||
| Q3 25 | $276.2M | $670.5M | ||
| Q2 25 | $282.0M | $390.5M | ||
| Q1 25 | $275.0M | $351.0M | ||
| Q4 24 | $262.6M | $250.4M | ||
| Q3 24 | $233.3M | $551.3M | ||
| Q2 24 | $224.7M | $318.4M |
净利润CVLTFOR
| Q1 26 | $14.6M | — | ||
| Q4 25 | $17.8M | $15.4M | ||
| Q3 25 | $14.7M | $86.9M | ||
| Q2 25 | $23.5M | $32.9M | ||
| Q1 25 | $31.0M | $31.6M | ||
| Q4 24 | $11.0M | $16.5M | ||
| Q3 24 | $15.6M | $81.5M | ||
| Q2 24 | $18.5M | $38.7M |
毛利率CVLTFOR
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.1% | 20.1% | ||
| Q3 25 | 80.1% | 22.3% | ||
| Q2 25 | 82.0% | 20.4% | ||
| Q1 25 | 82.6% | 22.6% | ||
| Q4 24 | 81.5% | 22.0% | ||
| Q3 24 | 81.6% | 23.9% | ||
| Q2 24 | 82.3% | 22.5% |
营业利润率CVLTFOR
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | 7.6% | ||
| Q3 25 | 4.5% | 16.9% | ||
| Q2 25 | 8.9% | 11.2% | ||
| Q1 25 | 9.7% | 11.6% | ||
| Q4 24 | 5.2% | 8.7% | ||
| Q3 24 | 6.4% | 19.7% | ||
| Q2 24 | 8.2% | 16.2% |
净利率CVLTFOR
| Q1 26 | 4.7% | — | ||
| Q4 25 | 5.7% | 5.6% | ||
| Q3 25 | 5.3% | 13.0% | ||
| Q2 25 | 8.3% | 8.4% | ||
| Q1 25 | 11.3% | 9.0% | ||
| Q4 24 | 4.2% | 6.6% | ||
| Q3 24 | 6.7% | 14.8% | ||
| Q2 24 | 8.2% | 12.2% |
每股收益（稀释后）CVLTFOR
| Q1 26 | $0.34 | — | ||
| Q4 25 | $0.40 | $0.30 | ||
| Q3 25 | $0.33 | $1.70 | ||
| Q2 25 | $0.52 | $0.65 | ||
| Q1 25 | $0.68 | $0.62 | ||
| Q4 24 | $0.24 | $0.32 | ||
| Q3 24 | $0.35 | $1.59 | ||
| Q2 24 | $0.41 | $0.76 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $900.0M | $211.7M |
| 总债务越低越好 | — | $793.2M |
| 股东权益账面价值 | $7.5M | $1.8B |
| 总资产 | $1.9B | $3.2B |
| 负债/权益比越低杠杆越低 | — | 0.44× |
8季度趋势，按日历期对齐
现金及短期投资CVLTFOR
| Q1 26 | $900.0M | — | ||
| Q4 25 | $1.0B | $211.7M | ||
| Q3 25 | $1.1B | $379.2M | ||
| Q2 25 | $363.2M | $189.2M | ||
| Q1 25 | $302.1M | $174.3M | ||
| Q4 24 | $243.6M | $132.0M | ||
| Q3 24 | $303.1M | $481.2M | ||
| Q2 24 | $287.9M | $359.2M |
总债务CVLTFOR
| Q1 26 | — | — | ||
| Q4 25 | — | $793.2M | ||
| Q3 25 | — | $802.7M | ||
| Q2 25 | — | $872.8M | ||
| Q1 25 | — | $872.5M | ||
| Q4 24 | — | $806.8M | ||
| Q3 24 | — | $706.4M | ||
| Q2 24 | — | $706.1M |
股东权益CVLTFOR
| Q1 26 | $7.5M | — | ||
| Q4 25 | $216.7M | $1.8B | ||
| Q3 25 | $210.5M | $1.8B | ||
| Q2 25 | $364.7M | $1.7B | ||
| Q1 25 | $325.1M | $1.6B | ||
| Q4 24 | $287.8M | $1.6B | ||
| Q3 24 | $277.8M | $1.6B | ||
| Q2 24 | $281.8M | $1.5B |
总资产CVLTFOR
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $3.2B | ||
| Q3 25 | $1.9B | $3.1B | ||
| Q2 25 | $1.2B | $3.1B | ||
| Q1 25 | $1.1B | $3.0B | ||
| Q4 24 | $1.0B | $3.0B | ||
| Q3 24 | $958.5M | $2.8B | ||
| Q2 24 | $934.9M | $2.7B |
负债/权益比CVLTFOR
| Q1 26 | — | — | ||
| Q4 25 | — | 0.44× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 0.52× | ||
| Q1 25 | — | 0.53× | ||
| Q4 24 | — | 0.50× | ||
| Q3 24 | — | 0.44× | ||
| Q2 24 | — | 0.47× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $132.2M | $-157.0M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $-157.1M |
| 自由现金流率自由现金流/营收 | 42.3% | -57.5% |
| 资本支出强度资本支出/营收 | — | 0.0% |
| 现金转化率经营现金流/净利润 | 9.02× | -10.19× |
| 过去12个月自由现金流最近4个季度 | $237.2M | $93.0M |
8季度趋势，按日历期对齐
经营现金流CVLTFOR
| Q1 26 | $132.2M | — | ||
| Q4 25 | $4.0M | $-157.0M | ||
| Q3 25 | $76.8M | $256.3M | ||
| Q2 25 | $31.7M | $15.8M | ||
| Q1 25 | $77.0M | $-19.8M | ||
| Q4 24 | $30.1M | $-450.0M | ||
| Q3 24 | $55.6M | $119.2M | ||
| Q2 24 | $44.7M | $-61.7M |
自由现金流CVLTFOR
| Q1 26 | $131.8M | — | ||
| Q4 25 | $1.9M | $-157.1M | ||
| Q3 25 | $73.6M | $255.6M | ||
| Q2 25 | $29.8M | $15.0M | ||
| Q1 25 | $76.2M | $-20.5M | ||
| Q4 24 | $29.9M | — | ||
| Q3 24 | $53.7M | $118.4M | ||
| Q2 24 | $43.8M | $-62.3M |
自由现金流率CVLTFOR
| Q1 26 | 42.3% | — | ||
| Q4 25 | 0.6% | -57.5% | ||
| Q3 25 | 26.6% | 38.1% | ||
| Q2 25 | 10.6% | 3.8% | ||
| Q1 25 | 27.7% | -5.8% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 23.0% | 21.5% | ||
| Q2 24 | 19.5% | -19.6% |
资本支出强度CVLTFOR
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 0.0% | ||
| Q3 25 | 1.2% | 0.1% | ||
| Q2 25 | 0.7% | 0.2% | ||
| Q1 25 | 0.3% | 0.2% | ||
| Q4 24 | 0.1% | 0.0% | ||
| Q3 24 | 0.8% | 0.1% | ||
| Q2 24 | 0.4% | 0.2% |
现金转化率CVLTFOR
| Q1 26 | 9.02× | — | ||
| Q4 25 | 0.23× | -10.19× | ||
| Q3 25 | 5.21× | 2.95× | ||
| Q2 25 | 1.35× | 0.48× | ||
| Q1 25 | 2.48× | -0.63× | ||
| Q4 24 | 2.74× | -27.27× | ||
| Q3 24 | 3.57× | 1.46× | ||
| Q2 24 | 2.41× | -1.59× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CVLT
| Term-based license | $114.4M | 37% |
| Software-as-a-service | $93.1M | 30% |
| Customer support | $80.9M | 26% |
| Other | $13.1M | 4% |
| Perpetual license | $10.1M | 3% |
FOR
| D.R.Horton Inc. | $183.8M | 67% |
| Other | $89.2M | 33% |
