COMMVAULT SYSTEMS INC

CVLT · Technology · $6.1B mkt cap · FY2026 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power100

Median gross margin 83.1% over 10y, very stable.

Returns on capital7

Median ROIC -0.7%, above the 9% hurdle in 20% of years.

Balance-sheet safety71

Net debt/EBITDA n/ax, interest coverage 19x.

Capital discipline96

Owner earnings +41.2%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

362% above value

Owner earnings (normalized): $73.5M
Est. intrinsic value / share: $32.06
Recent price: $148.05
Discount to value: 362% above value

Conservative model: 9% discount rate, 4% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell CVLT. See the disclaimer.