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Box vs Commvault Systems: BOX and CVLT compared
Box is the larger company: $321M of revenue in its latest quarter (Q2 FY27) against $312M for Commvault Systems (Q2 FY27). Commvault Systems is growing faster (+13% against +9% a year earlier). Box is more profitable, with an operating margin of 10.2% against 9.7%.
Where the money goes: BOX and CVLT
Box (BOX) · Q2 FY27
Box, Q2 FY27: revenue $321M (+9% year over year), operating margin 10.2%, net earnings $19.2M, operating cash flow $70.8M. The chart follows the revenue to costs, profit and cash.
Commvault Systems (CVLT) · Q2 FY27
Commvault Systems, Q2 FY27: revenue $312M (+13% year over year), operating margin 9.7%, net earnings $29.1M, operating cash flow $74.8M. The chart follows the revenue to costs, profit and cash.
| Box (BOX) | Commvault Systems (CVLT) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $321M | $312M |
| Revenue growth, Y/Y | +9% | +13% |
| Gross margin | 79.1% | 81.2% |
| Operating margin | 10.2% | 9.7% |
| Net earnings | $19.2M | $29.1M |
| Net margin | 6.0% | 9.3% |
| Operating cash flow | $70.8M | $74.8M |
| Free cash flow | $70.7M | $70.9M |
| Market value | $6.1B | $7.1B |
| P/E | 46.5× | 88.2× |
| Analysts’ mean target | $39.86 | $189.38 |
Where the revenue comes from
Commvault Systems
- Total subscription: $269M (86%)
- Perpetual support: $23.5M (8%)
- Other services: $13.2M (4%)
- Perpetual license: $7.2M (2%)
Questions
Which is bigger, Box or Commvault Systems?
Box is the larger company: $321M of revenue in its latest quarter (Q2 FY27) against $312M for Commvault Systems (Q2 FY27).
Is Box or Commvault Systems growing faster?
Commvault Systems is growing faster (+13% against +9% a year earlier).
Which is more profitable, Box or Commvault Systems?
Box is more profitable, with an operating margin of 10.2% against 9.7%.
More: Box earnings · how Box makes money · Commvault Systems earnings · how Commvault Systems makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Aug 26, 2026; 10-Q filed Oct 28, 2026). Fiscal quarters can end on different dates. Not investment advice.