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Commvault Systems vs Duolingo: CVLT and DUOL compared
Commvault Systems is the larger company: $312M of revenue in its latest quarter (Q2 FY27) against $309M for Duolingo (Q3 2026). Duolingo is growing faster (+14% against +13% a year earlier). Commvault Systems is more profitable, with an operating margin of 9.7% against 7.8%.
Where the money goes: CVLT and DUOL
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.
Duolingo (DUOL) · Q3 2026
Duolingo, Q3 2026: revenue $309M (+14% year over year), operating margin 7.8%, net earnings $27.2M, operating cash flow $89.4M. The chart follows the revenue to costs, profit and cash.
| Commvault Systems (CVLT) | Duolingo (DUOL) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q3 2026 |
| Revenue | $312M | $309M |
| Revenue growth, Y/Y | +13% | +14% |
| Gross margin | 81.2% | 72.9% |
| Operating margin | 9.7% | 7.8% |
| Net earnings | $29.1M | $27.2M |
| Net margin | 9.3% | 8.8% |
| Operating cash flow | $74.8M | $89.4M |
| Free cash flow | $70.9M | $75.3M |
| Market value | $7.1B | $7.5B |
| P/E | 88.2× | 48.7× |
| Analysts’ mean target | $189.38 | $149.48 |
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%)
Duolingo
- Subscription: $270M (87%)
- Advertising: $20.8M (7%)
- Duolingo English Test: $9.9M (3%)
- IAPs: $6.9M (2%)
Questions
Which is bigger, Commvault Systems or Duolingo?
Commvault Systems is the larger company: $312M of revenue in its latest quarter (Q2 FY27) against $309M for Duolingo (Q3 2026).
Is Commvault Systems or Duolingo growing faster?
Duolingo is growing faster (+14% against +13% a year earlier).
Which is more profitable, Commvault Systems or Duolingo?
Commvault Systems is more profitable, with an operating margin of 9.7% against 7.8%.
More: Commvault Systems earnings · how Commvault Systems makes money · Duolingo earnings · how Duolingo makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.