CommVault Systems, Inc.
CVLT Technology Software Application
CommVault Systems, Inc.’s revenue for fiscal 2026 (year ended March 2026) was $1.2 billion, up 18.9% from fiscal 2025. In the quarter to June 2026, revenue grew 11.4%, EPS fell 3.77% and free cash flow grew 71.5%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three.
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CommVault Systems, Inc. (CVLT) Altman Z-score
CommVault Systems, Inc.'s Altman Z-score for fiscal 2026 is 1.16, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2026 | 1.16 | (3.85) |
| FY2025 | 5.01 | 1.27 |
| FY2024 | 3.74 | 1.94 |
| FY2023 | 1.80 | (1.13) |
| FY2022 | 2.93 | (0.61) |
| FY2021 | 3.54 | 0.90 |
| FY2020 | 2.64 | (2.03) |
| FY2019 | 4.67 | 0.24 |
| FY2018 | 4.43 | (0.19) |
| FY2017 | 4.62 | 0.06 |
How fiscal 2026’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.33 | — | 0.40 | |
| Retained earnings / total assets | (0.78) | — | −1.09 | |
| EBIT / total assets | 0.04 | — | 0.13 | |
| Market value of equity / total liabilities | 1.82 | — | 1.09 | |
| Sales / total assets | 0.63 | — | 0.63 | |
| Altman Z-score | Distress zone | 1.16 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −0.09 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| APPF AppFolio, Inc. compare | 37.8× |
| TTAN ServiceTitan Inc. compare | 19.3× |
| PEGA Pegasystems Inc. compare | 9.4× |
| NICE Nice compare | 5.5× |
| YOU CLEAR Secure, Inc. compare | 3.1× |
| CVLT CommVault Systems, Inc. | 1.2× |
| RNG Ringcentral, Inc. compare | 0.7× |
| NAVN Navan, Inc. compare | 0.4× |
| LYFT Lyft, Inc. compare | 0.1× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets