Commvault Systems (CVLT) vs SPS Commerce (SPSC)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Commvault Systems (CVLT) has outperformed SPS Commerce (SPSC) over the past year, losing 15.0% versus a loss of 23.3%. Over five years, CVLT leads with a +100.1% price change compared with -48.9% for SPSC. Commvault Systems is the larger company by market cap ($6.26 billion vs $3.00 billion), about 2.1 times the size.
On valuation, SPS Commerce trades at a lower forward P/E (15.6x vs 24.4x for Commvault Systems). SPS Commerce converts more of its revenue into profit, with a net margin of 12.4% versus 6.0%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | CVLT | SPSC |
|---|---|---|
| Share price | $151.00 | $83.32 |
| Market cap | $6.26B | $3.00B |
| 1-day change | +0.48% | +2.86% |
| YTD return | +20.45% | -6.52% |
| 1-year return | -15.03% | -23.29% |
| 5-year return | +100.08% | -48.86% |
| P/E ratio (TTM) | 96.18 | 40.25 |
| Forward P/E | 24.35 | 15.65 |
| EPS (TTM) | $1.57 | $2.07 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $1.18B | $751.50M |
| Revenue growth (YoY) | +18.89% | +17.83% |
| Net income (latest FY) | $70.66M | $93.34M |
| Gross margin | 81.15% | 69.18% |
| Operating margin | 6.25% | 15.74% |
| Net margin | 5.97% | 12.42% |
| 52-week high | $178.36 | $114.87 |
| 52-week low | $71.75 | $49.04 |
| Distance from 52-week high | -15.34% | -27.47% |
| Analyst consensus | buy | none |
| Avg. price target upside | +7.50% | -9.45% |
| Average volume | 601.73K | 551.37K |
| Shares outstanding | 41.44M | 36.00M |
| Employees | 3,300 | 2,948 |
| Sector | Technology | Technology |
| Industry | Software - Application | Software - Application |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Commvault Systems is about 2.1 times larger than SPS Commerce by market value ($6.26B vs $3.00B).
- Commvault Systems trades at a higher earnings multiple (96.2x vs 40.3x trailing P/E).
- SPS Commerce is more profitable, keeping 12.4 cents of every revenue dollar as net income versus 6.0 cents for Commvault Systems.
About Commvault Systems
CVLT stock →Commvault Systems, Inc. provides cyber resiliency solutions for enterprises to protect, secure, and recover data, applications, and identity system.
Technology · Software - Application · 3,300 employees
About SPS Commerce
SPSC stock →SPS Commerce, Inc. provides cloud-based supply chain management solutions in the United States.
Technology · Software - Application · 2,948 employees
CVLT vs SPSC FAQ
Which is bigger, Commvault Systems or SPS Commerce?
Commvault Systems (CVLT) is larger, with a market capitalization of $6.26B compared with $3.00B for SPS Commerce (SPSC).
Which stock has performed better over the past year, CVLT or SPSC?
CVLT returned -15.03% over the past 12 months, compared with -23.29% for SPSC (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, CVLT or SPSC?
SPSC has the lower trailing P/E at 40.3, versus 96.2 for CVLT. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Are Commvault Systems and SPS Commerce in the same industry?
Yes. Both are classified in the Software - Application industry within the Technology sector.