Commvault Systems, Inc. — Earnings Quality Grade C
CVLT · Technology
Some red flags
Screening Summary
管理层信号
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 92 days, change -4 days YoY
AR growth 13.2% vs revenue growth 18.6%
Revenue grew 18.6% but CFFO only 1.8%
Expense Quality
No material inventory
CapEx growth -8.1% vs revenue 18.6%. Normal
SG&A/Gross Profit = 70.1%, exceeds 70%
Gross margin 82.0%, change +0.1pp. Stable
Cash Flow Quality
CFFO/NI = 2.72. Profits backed by cash
FCF $0.2B, FCF/NI = 2.68
Accruals ratio = -11.7%. Low accruals
Cash $0.3B covers debt $0.0B
Balance Sheet Health
Goodwill+Intangibles $0.2B = 63% of equity. Over 50%
Debt/EBITDA = 0.1x. Healthy
Other assets grew 68.0% vs revenue 18.6%
No write-off data
Acquisition Risk
FCF after acquisitions positive
Goodwill+Intangibles surged 60% YoY
Manipulation Score
M-Score = -2.85 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-25