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Commvault Systems vs SailPoint: CVLT and SAIL compared
Commvault Systems is the larger company: $312M of revenue in its latest quarter (Q2 FY27) against $309M for SailPoint (Q2 FY27). SailPoint is growing faster (+17% against +13% a year earlier). Commvault Systems is more profitable, with an operating margin of 9.7% against -19.1%.
Where the money goes: CVLT and SAIL
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.
SailPoint (SAIL) · Q2 FY27
SailPoint, Q2 FY27: revenue $309M (+17% year over year), operating margin -19.1%, net loss $50.4M, operating cash flow $45.0M. The chart follows the revenue to costs, profit and cash.
| Commvault Systems (CVLT) | SailPoint (SAIL) | |
|---|---|---|
| Latest quarter | Q2 FY27 | Q2 FY27 |
| Revenue | $312M | $309M |
| Revenue growth, Y/Y | +13% | +17% |
| Gross margin | 81.2% | — |
| Operating margin | 9.7% | -19.1% |
| Net earnings | $29.1M | −$50.4M |
| Net margin | 9.3% | -16.3% |
| Operating cash flow | $74.8M | $45.0M |
| Free cash flow | $70.9M | $43.0M |
| Market value | $7.1B | — |
| P/E | 88.2× | — |
| Analysts’ mean target | $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%)
SailPoint
- Subscription: $295M (96%)
- Services and other: $13.6M (4%)
Questions
Which is bigger, Commvault Systems or SailPoint?
Commvault Systems is the larger company: $312M of revenue in its latest quarter (Q2 FY27) against $309M for SailPoint (Q2 FY27).
Is Commvault Systems or SailPoint growing faster?
SailPoint is growing faster (+17% against +13% a year earlier).
Which is more profitable, Commvault Systems or SailPoint?
Commvault Systems is more profitable, with an operating margin of 9.7% against -19.1%.
More: Commvault Systems earnings · how Commvault Systems makes money · SailPoint earnings · how SailPoint makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Sep 10, 2026). Fiscal quarters can end on different dates. Not investment advice.