In the rapidly evolving landscape of cybersecurity, two notable companies stand out: Rubrik, Inc. and CyberArk Software Ltd. Both are key players in the Software – Infrastructure industry, focusing on innovative data protection and security solutions. While Rubrik specializes in comprehensive data security services, CyberArk excels in privileged access management and identity security. In this analysis, I’ll explore their strengths and strategies to help you determine which company might be the more compelling investment opportunity.
Table of contents
Company Overview
Rubrik, Inc. Overview
Rubrik, Inc. is at the forefront of data security solutions, catering to businesses and individuals across various sectors, including finance, healthcare, and technology. Founded in 2013 and based in Palo Alto, California, the company specializes in enterprise data protection, cloud security, and cyber recovery solutions. With a focus on safeguarding unstructured data, Rubrik offers comprehensive solutions that address ever-evolving cybersecurity threats. As a market player on the NYSE with a current market cap of approximately $17.4B, Rubrik is committed to innovating in the data management landscape, making it a vital partner for organizations seeking robust security measures.
CyberArk Software Ltd. Overview
CyberArk Software Ltd. is a leading provider of software-based security solutions, focusing primarily on privileged access management and identity protection. Established in 1999 and headquartered in Petah Tikva, Israel, CyberArk delivers various services, including the Privileged Access Manager and Endpoint Privilege Manager. The company has carved a niche in safeguarding critical assets across industries such as finance, healthcare, and government. Currently listed on NASDAQ with a market cap of around $23.9B, CyberArk is known for its robust offerings that address the complexities of modern cybersecurity challenges.
Key similarities and differences
Both Rubrik and CyberArk operate in the software infrastructure sector, focusing on data security and protection. However, while Rubrik emphasizes comprehensive data management and recovery solutions, CyberArk specializes in privileged access and identity management. Their approaches to cybersecurity differ, with Rubrik targeting data protection across various environments, and CyberArk focusing on securing high-risk credentials and access points.
Income Statement Comparison
The following table compares the most recent income statements of Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR), providing insights into their financial health and performance.
| Metric | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| Market Cap | 17.40B | 23.99B |
| Revenue | 886.54M | 1,000.74M |
| EBITDA | -1,078.33M | 28.68M |
| EBIT | -1,107.20M | -13.31M |
| Net Income | -1,154.82M | -93.46M |
| EPS | -7.48 | -2.12 |
| Fiscal Year | 2025 | 2024 |
Interpretation of Income Statement
In the most recent fiscal year, Rubrik, Inc. reported a substantial increase in revenue to 886.54M, up from 627.89M in the previous year, yet it continued to face significant net losses of 1.15B. CyberArk, on the other hand, experienced revenue growth to 1B but still reported a net loss of 93.46M. Both companies are struggling with negative EBITDA and EBIT margins, indicating operational challenges. Rubrik’s loss widened compared to previous years, while CyberArk’s losses narrowed slightly, reflecting potential improvements in cost management. Overall, both companies remain in a tough financial position, necessitating cautious investment considerations.
Financial Ratios Comparison
In this section, we will compare the financial ratios of Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) to give you insights into their performance and stability.
| Metric | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| ROE | 2.09% | -3.94% |
| ROIC | -2.36% | -0.17% |
| P/E | -9.79 | -157.49 |
| P/B | -20.42 | 6.21 |
| Current Ratio | 1.13 | 1.48 |
| Quick Ratio | 1.13 | 1.48 |
| D/E | -0.60 | 0.76 |
| Debt-to-Assets | 23.36% | 29.81% |
| Interest Coverage | -27.49 | -17.90 |
| Asset Turnover | 0.62 | 0.30 |
| Fixed Asset Turnover | 16.67 | 51.11 |
| Payout ratio | 0% | 0% |
| Dividend yield | 0% | 0% |
Interpretation of Financial Ratios
Rubrik, Inc. shows a higher current ratio, indicating better short-term liquidity than CyberArk. However, both companies exhibit negative ROE and ROIC, signaling challenges in generating returns for shareholders. Rubrik’s significantly negative P/E ratio indicates potential financial distress, while CyberArk’s high P/B ratio suggests market optimism despite its losses. Overall, both companies face considerable risks, especially in terms of profitability and financial leverage, which investors should carefully assess.
Dividend and Shareholder Returns
Both Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) do not pay dividends, reflecting their focus on reinvestment and growth rather than immediate shareholder returns. RBRK’s negative net income indicates a need for capital allocation towards operational improvements and product development. Similarly, CYBR’s strategy prioritizes long-term growth over dividends, allowing for R&D investments. Both companies engage in share buybacks, which can enhance shareholder value; however, the lack of dividends raises questions on their immediate return strategies. Overall, their approaches may support sustainable long-term value creation if growth metrics improve.
Strategic Positioning
Rubrik, Inc. (RBRK) holds a significant position in the data security market, with a market cap of approximately $17.4B. Its enterprise solutions protect diverse sectors, showcasing strong growth potential amidst increasing competitive pressure. In contrast, CyberArk Software Ltd. (CYBR) has a market cap of about $24B, focusing on privileged access management, which is critical in today’s security landscape. Both companies face technological disruption, necessitating continuous innovation to maintain market relevance and customer trust.
Stock Comparison
In this section, I will provide an overview of the stock price movements and trading dynamics for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) over the past year, highlighting key price changes and trends that may influence investor decisions.
Trend Analysis
For Rubrik, Inc. (RBRK), the overall percentage change over the past year is +131.82%, which indicates a bullish trend. However, the recent trend from September 21, 2025, to December 7, 2025, shows a decline of -3.09%, suggesting a deceleration in momentum. The stock experienced notable highs of 97.91 and lows of 28.65, with a standard deviation of 21.83, indicating moderate volatility.
In contrast, CyberArk Software Ltd. (CYBR) also displays a bullish trend with a year-over-year price increase of +112.19%. Recent data, however, indicates a decline of -3.09% from September 21, 2025, to December 7, 2025, marking a similar deceleration. The stock’s price ranged between a high of 520.78 and a low of 224.09, with a higher standard deviation of 81.53, reflecting greater volatility compared to RBRK.
Both companies have shown strong long-term performance, yet their recent price trends suggest a cautious approach might be warranted as they may be entering a phase of decreased upward momentum.
Analyst Opinions
Recent analyst recommendations for Rubrik, Inc. (RBRK) indicate a “C” rating, suggesting a cautious approach. Analysts emphasize concerns regarding its discounted cash flow and asset returns. Similarly, CyberArk Software Ltd. (CYBR) received a “C-” rating, reflecting worries about profitability metrics and a high debt-to-equity ratio. Both analysts recommend a hold position for these stocks, indicating neither a strong buy nor sell consensus. Overall, the sentiment leans towards a cautious stance for both companies in 2025.
Stock Grades
In this section, I will present the latest stock ratings for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) as provided by reliable grading companies.
Rubrik, Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Keybanc | maintain | Overweight | 2025-12-05 |
| Rosenblatt | maintain | Buy | 2025-12-05 |
| Piper Sandler | maintain | Overweight | 2025-12-05 |
| William Blair | upgrade | Outperform | 2025-12-05 |
| BMO Capital | maintain | Outperform | 2025-12-05 |
| Wedbush | maintain | Outperform | 2025-12-05 |
| Baird | maintain | Outperform | 2025-12-05 |
| Cantor Fitzgerald | maintain | Overweight | 2025-12-03 |
| Guggenheim | maintain | Buy | 2025-12-01 |
| Mizuho | upgrade | Outperform | 2025-11-17 |
CyberArk Software Ltd. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Oppenheimer | maintain | Outperform | 2024-10-22 |
| Keybanc | maintain | Overweight | 2024-10-18 |
| Mizuho | maintain | Outperform | 2024-10-17 |
| BTIG | maintain | Buy | 2024-10-09 |
| Barclays | maintain | Overweight | 2024-10-07 |
| Wedbush | maintain | Outperform | 2024-10-01 |
| Jefferies | maintain | Buy | 2024-09-24 |
| DA Davidson | maintain | Buy | 2024-08-09 |
| Rosenblatt | maintain | Buy | 2024-08-09 |
| Susquehanna | maintain | Positive | 2024-08-09 |
Overall, the ratings for both Rubrik, Inc. and CyberArk Software Ltd. show a consistent trend of maintaining or upgrading their grades, indicating a generally positive outlook from analysts. Notably, Rubrik has seen several upgrades, particularly from William Blair and Mizuho, suggesting growing confidence in its performance.
Target Prices
The consensus target prices for two companies provide a solid insight into analyst expectations.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| Rubrik, Inc. (RBRK) | 113 | 110 | 111.5 |
| CyberArk Software Ltd. (CYBR) | 520 | 440 | 475.2 |
For Rubrik, Inc., the consensus target price of 111.5 suggests a potential upside, as the current stock price is 88.1. Similarly, CyberArk’s consensus of 475.2 aligns closely with its current price of 475.175, indicating that analysts are optimistic but cautious about significant price movements.
Strengths and Weaknesses
The following table summarizes the strengths and weaknesses of Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) based on the most recent data available.
| Criterion | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| Diversification | Moderate | High |
| Profitability | Negative margins | Negative margins |
| Innovation | Strong | Strong |
| Global presence | Growing | Established |
| Market Share | Emerging | Strong |
| Debt level | Low | Very low |
Key takeaways: Both companies exhibit strong innovation capabilities. However, while CyberArk has a well-established global presence and strong market share, Rubrik is still emerging in these areas but shows potential for growth.
Risk Analysis
In the following table, I outline the key risks associated with Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR).
| Metric | Rubrik, Inc. | CyberArk Software Ltd. |
|---|---|---|
| Market Risk | Medium | High |
| Regulatory Risk | Medium | Medium |
| Operational Risk | High | Medium |
| Environmental Risk | Low | Low |
| Geopolitical Risk | Medium | Medium |
Both companies face considerable operational risks, particularly given their reliance on technology and cybersecurity services. Market volatility and regulatory changes can also significantly impact their performance, especially in a competitive landscape.
Which one to choose?
When comparing Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR), both companies exhibit significant challenges in profitability, with negative net income margins and high operational costs. RBRK showcases a gross profit margin of 70% but suffers from a net profit margin of -1.30%, while CYBR has a gross profit margin of 79% but a net profit margin of -9.34%. Although RBRK has a slightly better overall rating of C compared to CYBR’s C-, both companies face substantial operational hurdles. RBRK’s stock trend is bullish with a 131.82% price increase over the past year, while CYBR’s trend is also bullish but with a lower increase of 112.19%.
For growth-oriented investors, RBRK may appear more favorable, while those seeking stability might favor CYBR. However, investors should remain cautious of the high operational risks, including competition and market dependence.
Disclaimer: This article is not financial advice. Each investor is responsible for their own investment decisions.
Go further
I encourage you to read the complete analyses of Rubrik, Inc. and CyberArk Software Ltd. to enhance your investment decisions:
