CommVault Systems, Inc. (CVLT) vs Paylocity Holding Corporation (PCTY)

CommVault Systems, Inc. and Paylocity Holding Corporation are both Software Application companies. Paylocity Holding Corporation is the larger, with a market value of $7.6B against $6.2B — 1.2× the size. Paylocity Holding Corporation trades at the lower P/E: 28.6× against 92.1×. CommVault Systems, Inc. grew revenue faster over the last twelve months: 15.5% against 11.0%. Paylocity Holding Corporation has the higher net margin (15.2% vs 5.62%) and the lower return on invested capital (23.4% vs 1,126.5%). Across the 22 metrics below, Paylocity Holding Corporation leads on 17 and CommVault Systems, Inc. on 5.

Valuation

Metric CVLT PCTY Software Application median
P/E 92.11 28.62 24.79
P/S 4.95 4.37 2.67
P/B 115.61 6.34 3.01
Price to free cash flow 23.28 18.09 16.59
EV/EBITDA 42.67 16.84 14.40
EV/Sales 4.91 4.26 2.62
Earnings yield 1.09% 3.49% 0.00%
Free cash flow yield 4.30% 5.53% 1.91%

Profitability

Metric CVLT PCTY Software Application median
Gross margin 81.09% 69.19% 67.03%
Operating margin 6.14% 21.79% 0.00%
Net margin 5.62% 15.23% 0.00%
Free cash flow margin 21.26% 24.15% 4.32%
Return on equity 32.77% 21.97% 0.00%
Return on assets 4.45% 5.82% 0.00%
Return on invested capital 1,126.48% 23.40% 0.00%

Growth

Metric CVLT PCTY Software Application median
Revenue growth (TTM) 15.47% 11.04% 12.40%
EPS growth (last fiscal year) (5.95%) 22.39% —
Revenue growth, 5-year CAGR 10.35% 22.75% 13.72%
Net income growth, 5-year CAGR 0.00% 30.89% 0.00%

Health

Metric CVLT PCTY Software Application median
Debt to equity 16.94 0.07 0.02
Current ratio 2.04 1.09 1.55
Net debt to EBITDA (0.14) (0.43) 0.06

Dividend

Metric CVLT PCTY Software Application median
Dividend yield — — 1.25%
Payout ratio 0.00 0.00 0.00

Size

Metric CVLT PCTY Software Application median
Market cap 6.22b 7.56b 396.11m

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