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COMMVAULT SYSTEMS INC（CVLT）与六旗（FUN）财务数据对比。点击上方公司名可切换其他公司
COMMVAULT SYSTEMS INC的季度营收约是六旗的1.4倍（$311.7M vs $225.6M），COMMVAULT SYSTEMS INC净利率更高（4.7% vs -119.0%，领先123.7%），COMMVAULT SYSTEMS INC同比增速更快（13.3% vs 11.7%）
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。
六旗娱乐是总部位于美国北卡罗来纳州夏洛特的游乐园运营企业，由雪松会与原六旗公司于2024年7月1日对等合并而成，是全球最大的区域性游乐园运营商。旗下共运营42个场地，包含27座游乐园、15座水上乐园，配套9处 onsite 度假物业。
CVLT vs FUN — 直观对比
营收规模更大
CVLT
是对方的1.4倍
$225.6M
营收增速更快
CVLT
高出1.7%
11.7%
净利率更高
CVLT
高出123.7%
-119.0%
损益表 — Q4 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $311.7M | $225.6M |
| 净利润 | $14.6M | $-268.6M |
| 毛利率 | 81.4% | — |
| 营业利润率 | 5.3% | — |
| 净利率 | 4.7% | -119.0% |
| 营收同比 | 13.3% | 11.7% |
| 净利润同比 | — | -22.2% |
| 每股收益（稀释后） | $0.34 | — |
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CVLTFUN
| Q1 26 | $311.7M | $225.6M | ||
| Q4 25 | $313.8M | $650.1M | ||
| Q3 25 | $276.2M | $1.3B | ||
| Q2 25 | $282.0M | $930.4M | ||
| Q1 25 | $275.0M | $202.1M | ||
| Q4 24 | $262.6M | — | ||
| Q3 24 | $233.3M | $1.3B | ||
| Q2 24 | $224.7M | $571.6M |
净利润CVLTFUN
| Q1 26 | $14.6M | $-268.6M | ||
| Q4 25 | $17.8M | $-92.4M | ||
| Q3 25 | $14.7M | $-1.2B | ||
| Q2 25 | $23.5M | $-99.6M | ||
| Q1 25 | $31.0M | $-219.7M | ||
| Q4 24 | $11.0M | — | ||
| Q3 24 | $15.6M | $111.0M | ||
| Q2 24 | $18.5M | $55.6M |
毛利率CVLTFUN
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.1% | 91.4% | ||
| Q3 25 | 80.1% | 91.6% | ||
| Q2 25 | 82.0% | 91.3% | ||
| Q1 25 | 82.6% | 89.3% | ||
| Q4 24 | 81.5% | — | ||
| Q3 24 | 81.6% | 91.9% | ||
| Q2 24 | 82.3% | 90.7% |
营业利润率CVLTFUN
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -3.8% | ||
| Q3 25 | 4.5% | -83.7% | ||
| Q2 25 | 8.9% | 8.0% | ||
| Q1 25 | 9.7% | -158.9% | ||
| Q4 24 | 5.2% | — | ||
| Q3 24 | 6.4% | 19.5% | ||
| Q2 24 | 8.2% | 21.6% |
净利率CVLTFUN
| Q1 26 | 4.7% | -119.0% | ||
| Q4 25 | 5.7% | -14.2% | ||
| Q3 25 | 5.3% | -90.1% | ||
| Q2 25 | 8.3% | -10.7% | ||
| Q1 25 | 11.3% | -108.7% | ||
| Q4 24 | 4.2% | — | ||
| Q3 24 | 6.7% | 8.2% | ||
| Q2 24 | 8.2% | 9.7% |
每股收益（稀释后）CVLTFUN
| Q1 26 | $0.34 | — | ||
| Q4 25 | $0.40 | $-0.93 | ||
| Q3 25 | $0.33 | $-11.77 | ||
| Q2 25 | $0.52 | $-0.99 | ||
| Q1 25 | $0.68 | $-2.20 | ||
| Q4 24 | $0.24 | — | ||
| Q3 24 | $0.35 | $1.10 | ||
| Q2 24 | $0.41 | — |
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 | $116.5M |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $7.5M | $279.2M |
| 总资产 | $1.9B | $7.7B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CVLTFUN
| Q1 26 | $900.0M | $116.5M | ||
| Q4 25 | $1.0B | $91.1M | ||
| Q3 25 | $1.1B | $70.7M | ||
| Q2 25 | $363.2M | $107.4M | ||
| Q1 25 | $302.1M | $61.5M | ||
| Q4 24 | $243.6M | — | ||
| Q3 24 | $303.1M | $89.7M | ||
| Q2 24 | $287.9M | $52.9M |
总债务CVLTFUN
| Q1 26 | — | — | ||
| Q4 25 | — | $5.2B | ||
| Q3 25 | — | $5.0B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | — | ||
| Q3 24 | — | $4.6B | ||
| Q2 24 | — | $2.3B |
股东权益CVLTFUN
| Q1 26 | $7.5M | $279.2M | ||
| Q4 25 | $216.7M | $549.8M | ||
| Q3 25 | $210.5M | $614.3M | ||
| Q2 25 | $364.7M | $1.8B | ||
| Q1 25 | $325.1M | $1.8B | ||
| Q4 24 | $287.8M | — | ||
| Q3 24 | $277.8M | $2.3B | ||
| Q2 24 | $281.8M | — |
总资产CVLTFUN
| Q1 26 | $1.9B | $7.7B | ||
| Q4 25 | $2.0B | $7.8B | ||
| Q3 25 | $1.9B | $7.9B | ||
| Q2 25 | $1.2B | $9.5B | ||
| Q1 25 | $1.1B | $9.2B | ||
| Q4 24 | $1.0B | — | ||
| Q3 24 | $958.5M | $9.4B | ||
| Q2 24 | $934.9M | $2.3B |
负债/权益比CVLTFUN
| Q1 26 | — | — | ||
| Q4 25 | — | 9.40× | ||
| Q3 25 | — | 8.16× | ||
| Q2 25 | — | 2.97× | ||
| Q1 25 | — | 2.75× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | — | — |
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 | — |
| 自由现金流经营现金流 - 资本支出 | $131.8M | — |
| 自由现金流率自由现金流/营收 | 42.3% | — |
| 资本支出强度资本支出/营收 | — | — |
| 现金转化率经营现金流/净利润 | 9.02× | — |
| 过去12个月自由现金流最近4个季度 | $237.2M | — |
8季度趋势，按日历期对齐
经营现金流CVLTFUN
| Q1 26 | $132.2M | — | ||
| Q4 25 | $4.0M | $-37.7M | ||
| Q3 25 | $76.8M | $356.2M | ||
| Q2 25 | $31.7M | $187.0M | ||
| Q1 25 | $77.0M | $-178.0M | ||
| Q4 24 | $30.1M | — | ||
| Q3 24 | $55.6M | $337.4M | ||
| Q2 24 | $44.7M | — |
自由现金流CVLTFUN
| Q1 26 | $131.8M | — | ||
| Q4 25 | $1.9M | $-109.3M | ||
| Q3 25 | $73.6M | $256.2M | ||
| Q2 25 | $29.8M | $18.8M | ||
| Q1 25 | $76.2M | $-318.0M | ||
| Q4 24 | $29.9M | — | ||
| Q3 24 | $53.7M | $227.7M | ||
| Q2 24 | $43.8M | — |
自由现金流率CVLTFUN
| Q1 26 | 42.3% | — | ||
| Q4 25 | 0.6% | -16.8% | ||
| Q3 25 | 26.6% | 19.4% | ||
| Q2 25 | 10.6% | 2.0% | ||
| Q1 25 | 27.7% | -157.4% | ||
| Q4 24 | 11.4% | — | ||
| Q3 24 | 23.0% | 16.9% | ||
| Q2 24 | 19.5% | — |
资本支出强度CVLTFUN
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 11.0% | ||
| Q3 25 | 1.2% | 7.6% | ||
| Q2 25 | 0.7% | 18.1% | ||
| Q1 25 | 0.3% | 69.3% | ||
| Q4 24 | 0.1% | — | ||
| Q3 24 | 0.8% | 8.1% | ||
| Q2 24 | 0.4% | — |
现金转化率CVLTFUN
| 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× | 3.04× | ||
| Q2 24 | 2.41× | — |
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% |
FUN
| In-park admissions revenues | $113.4M | 50% |
| In-park product revenues | $89.0M | 39% |
| Out-of-park revenues | $28.8M | 13% |
