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COMMVAULT SYSTEMS INC（CVLT）与Rocket Lab Corp（RKLB）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Rocket Lab Corp的1.7倍（$311.7M vs $179.7M），COMMVAULT SYSTEMS INC净利率更高（4.7% vs -29.5%，领先34.2%），Rocket Lab Corp同比增速更快（35.7% vs 13.3%），COMMVAULT SYSTEMS INC自由现金流更多（$131.8M vs $-114.2M），过去两年Rocket Lab Corp的营收复合增速更高（39.2% vs 17.8%）
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。
Rocket Lab是公开上市的航空航天制造商及发射服务提供商，旗下Electron轨道火箭主打小型卫星发射，截至2026年1月已成功完成超75次任务，是全球现役发射次数最多的小型运载火箭。公司还开发了Electron的亚轨道改型HASTE用作高超音速技术测试平台，下一代可复用中型运载火箭Neutron目前也在研发中。
CVLT vs RKLB — 直观对比
营收规模更大
CVLT
是对方的1.7倍
$179.7M
营收增速更快
RKLB
高出22.4%
13.3%
净利率更高
CVLT
高出34.2%
-29.5%
自由现金流更多
CVLT
多$246.0M
$-114.2M
两年增速更快
RKLB
近两年复合增速
17.8%
损益表 — Q4 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $311.7M | $179.7M |
| 净利润 | $14.6M | $-52.9M |
| 毛利率 | 81.4% | 38.0% |
| 营业利润率 | 5.3% | -28.4% |
| 净利率 | 4.7% | -29.5% |
| 营收同比 | 13.3% | 35.7% |
| 净利润同比 | — | -1.1% |
| 每股收益（稀释后） | $0.34 | $-0.09 |
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CVLTRKLB
| Q1 26 | $311.7M | — | ||
| Q4 25 | $313.8M | $179.7M | ||
| Q3 25 | $276.2M | $155.1M | ||
| Q2 25 | $282.0M | $144.5M | ||
| Q1 25 | $275.0M | $122.6M | ||
| Q4 24 | $262.6M | $132.4M | ||
| Q3 24 | $233.3M | $104.8M | ||
| Q2 24 | $224.7M | $106.3M |
净利润CVLTRKLB
| Q1 26 | $14.6M | — | ||
| Q4 25 | $17.8M | $-52.9M | ||
| Q3 25 | $14.7M | $-18.3M | ||
| Q2 25 | $23.5M | $-66.4M | ||
| Q1 25 | $31.0M | $-60.6M | ||
| Q4 24 | $11.0M | $-52.3M | ||
| Q3 24 | $15.6M | $-51.9M | ||
| Q2 24 | $18.5M | $-41.6M |
毛利率CVLTRKLB
| Q1 26 | 81.4% | — | ||
| Q4 25 | 81.1% | 38.0% | ||
| Q3 25 | 80.1% | 37.0% | ||
| Q2 25 | 82.0% | 32.1% | ||
| Q1 25 | 82.6% | 28.8% | ||
| Q4 24 | 81.5% | 27.8% | ||
| Q3 24 | 81.6% | 26.7% | ||
| Q2 24 | 82.3% | 25.6% |
营业利润率CVLTRKLB
| Q1 26 | 5.3% | — | ||
| Q4 25 | 6.3% | -28.4% | ||
| Q3 25 | 4.5% | -38.0% | ||
| Q2 25 | 8.9% | -41.3% | ||
| Q1 25 | 9.7% | -48.3% | ||
| Q4 24 | 5.2% | -38.9% | ||
| Q3 24 | 6.4% | -49.5% | ||
| Q2 24 | 8.2% | -40.7% |
净利率CVLTRKLB
| Q1 26 | 4.7% | — | ||
| Q4 25 | 5.7% | -29.5% | ||
| Q3 25 | 5.3% | -11.8% | ||
| Q2 25 | 8.3% | -46.0% | ||
| Q1 25 | 11.3% | -49.5% | ||
| Q4 24 | 4.2% | -39.5% | ||
| Q3 24 | 6.7% | -49.6% | ||
| Q2 24 | 8.2% | -39.2% |
每股收益（稀释后）CVLTRKLB
| Q1 26 | $0.34 | — | ||
| Q4 25 | $0.40 | $-0.09 | ||
| Q3 25 | $0.33 | $-0.03 | ||
| Q2 25 | $0.52 | $-0.13 | ||
| Q1 25 | $0.68 | $-0.12 | ||
| Q4 24 | $0.24 | $-0.11 | ||
| Q3 24 | $0.35 | $-0.10 | ||
| Q2 24 | $0.41 | $-0.08 |
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 | $1.0B |
| 总债务越低越好 | — | $152.4M |
| 股东权益账面价值 | $7.5M | $1.7B |
| 总资产 | $1.9B | $2.3B |
| 负债/权益比越低杠杆越低 | — | 0.09× |
8季度趋势，按日历期对齐
现金及短期投资CVLTRKLB
| Q1 26 | $900.0M | — | ||
| Q4 25 | $1.0B | $1.0B | ||
| Q3 25 | $1.1B | $976.7M | ||
| Q2 25 | $363.2M | $688.1M | ||
| Q1 25 | $302.1M | $428.4M | ||
| Q4 24 | $243.6M | $419.0M | ||
| Q3 24 | $303.1M | $442.4M | ||
| Q2 24 | $287.9M | $496.8M |
总债务CVLTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | $152.4M | ||
| Q3 25 | — | $347.0M | ||
| Q2 25 | — | $346.5M | ||
| Q1 25 | — | $345.9M | ||
| Q4 24 | — | $345.4M | ||
| Q3 24 | — | $61.2M | ||
| Q2 24 | — | $64.2M |
股东权益CVLTRKLB
| Q1 26 | $7.5M | — | ||
| Q4 25 | $216.7M | $1.7B | ||
| Q3 25 | $210.5M | $1.3B | ||
| Q2 25 | $364.7M | $688.5M | ||
| Q1 25 | $325.1M | $431.3M | ||
| Q4 24 | $287.8M | $382.5M | ||
| Q3 24 | $277.8M | $419.8M | ||
| Q2 24 | $281.8M | $455.2M |
总资产CVLTRKLB
| Q1 26 | $1.9B | — | ||
| Q4 25 | $2.0B | $2.3B | ||
| Q3 25 | $1.9B | $2.2B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.0B | $1.2B | ||
| Q3 24 | $958.5M | $1.2B | ||
| Q2 24 | $934.9M | $1.2B |
负债/权益比CVLTRKLB
| Q1 26 | — | — | ||
| Q4 25 | — | 0.09× | ||
| Q3 25 | — | 0.27× | ||
| Q2 25 | — | 0.50× | ||
| Q1 25 | — | 0.80× | ||
| Q4 24 | — | 0.90× | ||
| Q3 24 | — | 0.15× | ||
| Q2 24 | — | 0.14× |
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 | $-64.5M |
| 自由现金流经营现金流 - 资本支出 | $131.8M | $-114.2M |
| 自由现金流率自由现金流/营收 | 42.3% | -63.6% |
| 资本支出强度资本支出/营收 | — | 27.6% |
| 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 | $-321.8M |
8季度趋势，按日历期对齐
经营现金流CVLTRKLB
| Q1 26 | $132.2M | — | ||
| Q4 25 | $4.0M | $-64.5M | ||
| Q3 25 | $76.8M | $-23.5M | ||
| Q2 25 | $31.7M | $-23.2M | ||
| Q1 25 | $77.0M | $-54.2M | ||
| Q4 24 | $30.1M | $-2.4M | ||
| Q3 24 | $55.6M | $-30.9M | ||
| Q2 24 | $44.7M | $-13.0M |
自由现金流CVLTRKLB
| Q1 26 | $131.8M | — | ||
| Q4 25 | $1.9M | $-114.2M | ||
| Q3 25 | $73.6M | $-69.4M | ||
| Q2 25 | $29.8M | $-55.3M | ||
| Q1 25 | $76.2M | $-82.9M | ||
| Q4 24 | $29.9M | $-23.9M | ||
| Q3 24 | $53.7M | $-41.9M | ||
| Q2 24 | $43.8M | $-28.3M |
自由现金流率CVLTRKLB
| Q1 26 | 42.3% | — | ||
| Q4 25 | 0.6% | -63.6% | ||
| Q3 25 | 26.6% | -44.8% | ||
| Q2 25 | 10.6% | -38.3% | ||
| Q1 25 | 27.7% | -67.6% | ||
| Q4 24 | 11.4% | -18.1% | ||
| Q3 24 | 23.0% | -40.0% | ||
| Q2 24 | 19.5% | -26.7% |
资本支出强度CVLTRKLB
| Q1 26 | — | — | ||
| Q4 25 | 0.7% | 27.6% | ||
| Q3 25 | 1.2% | 29.6% | ||
| Q2 25 | 0.7% | 22.2% | ||
| Q1 25 | 0.3% | 23.4% | ||
| Q4 24 | 0.1% | 16.3% | ||
| Q3 24 | 0.8% | 10.5% | ||
| Q2 24 | 0.4% | 14.4% |
现金转化率CVLTRKLB
| 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× | — |
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% |
RKLB
| Products | $94.0M | 52% |
| Transferred Over Time | $87.3M | 49% |
