In the rapidly evolving landscape of technology, data security has emerged as a critical concern for businesses globally. Today, I will compare two prominent players in the software infrastructure sector: Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR). Both companies have carved out significant market positions through their innovative strategies and overlapping services. As we delve into their strengths and market performances, I’ll help you identify which company might be the most compelling addition to your investment portfolio.
Table of contents
Company Overview
Rubrik, Inc. Overview
Rubrik, Inc. is a prominent player in the data security space, founded in 2013 and headquartered in Palo Alto, California. The company’s mission is to provide comprehensive data protection solutions that safeguard businesses against the rising tide of cyber threats. With a market capitalization of approximately $13.87B, Rubrik specializes in enterprise data protection, cloud data security, and cyber recovery solutions, catering to various sectors, including healthcare, finance, and technology. Their innovative approach combines data threat analytics and security posture assessment to ensure robust protection for their clients’ critical data assets.
CyberArk Software Ltd. Overview
CyberArk Software Ltd., established in 1999 and based in Petah Tikva, Israel, focuses on securing privileged access and credentials across digital environments. With a market cap of around $23.05B, CyberArk’s offerings include advanced security solutions such as Privileged Access Manager and Endpoint Privilege Manager, designed to mitigate risks associated with privileged accounts. The company serves a diverse clientele, including industries like healthcare, finance, and government sectors, emphasizing identity and access management. CyberArk’s commitment to safeguarding organizations from cyber threats is evident in its comprehensive suite of SaaS solutions.
Key Similarities and Differences
Both Rubrik and CyberArk operate within the software infrastructure sector, focusing on data security. However, while Rubrik emphasizes data protection and recovery, CyberArk specializes in privileged access management and identity security. This distinction highlights their complementary roles in the cybersecurity landscape, catering to different aspects of data protection and risk management.
Income Statement Comparison
The following table provides a comparison of the most recent income statements for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR), highlighting key financial metrics.
| Metric | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| Revenue | 887M | 1B |
| EBITDA | -1.08B | 28M |
| EBIT | -1.11B | -13M |
| Net Income | -1.15B | -93M |
| EPS | -7.48 | -2.12 |
Interpretation of Income Statement
Analyzing the most recent year, Rubrik, Inc. experienced a substantial revenue increase to 887M, yet still reported a significant net loss of 1.15B. This reflects ongoing investment in growth, albeit at the cost of profitability. In contrast, CyberArk’s revenue reached 1B, with a marginal EBITDA of 28M, indicating a leaner operational model. While both companies face challenges, CyberArk’s performance showed relative stability compared to Rubrik’s deeper losses, suggesting differing strategies in navigating current market conditions.
Financial Ratios Comparison
The following table provides a comparative analysis of key financial ratios for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) based on the most recent fiscal year data.
| Metric | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| ROE | 2.09% | -3.94% |
| ROIC | -2.36% | -16.70% |
| 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 shows a negative return on equity (ROE) and return on invested capital (ROIC), indicating poor profitability and efficiency in generating returns. In contrast, CyberArk also faces negative ratios but with slightly better asset management metrics. Both companies exhibit high price-to-earnings ratios, reflecting investor caution. The debt-to-assets ratio is manageable for both, but the interest coverage ratios are concerning, suggesting potential challenges in meeting interest obligations. Overall, both companies present significant risks that investors should consider.
Dividend and Shareholder Returns
Rubrik, Inc. (RBRK) does not pay dividends, reflecting a negative net income and a focus on reinvestment for growth. Their strategy may prioritize R&D or acquisitions, potentially aligning with long-term shareholder value creation. However, they have not initiated share buybacks.
CyberArk Software Ltd. (CYBR) also refrains from dividend payments, indicating a similar growth-oriented approach while facing negative earnings. They too have not engaged in share buybacks.
Both companies’ lack of distributions underscores a commitment to reinvestment, which could support sustainable long-term value creation if managed effectively.
Strategic Positioning
Rubrik, Inc. (RBRK) commands a competitive market share in the data security solutions sector, focusing on enterprise and cloud data protection. With a market cap of 13.9B, it faces considerable pressure from CyberArk Software Ltd. (CYBR), which has a market cap of 23.1B and offers a suite of robust identity and access management solutions. Both companies are navigating technological disruptions that demand constant innovation and adaptation to remain competitive. As I analyze their positioning, it’s evident that effective risk management strategies will be crucial for sustained growth in this rapidly evolving market.
Stock Comparison
Over the past year, Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) have demonstrated significant price movements and trading dynamics, reflecting their respective market positions and investor sentiment.
Trend Analysis
For Rubrik, Inc. (RBRK), the overall price change over the past year is +84.97%, indicating a bullish trend. However, the recent trend shows a price decline of -22.7% from September 7, 2025, to November 23, 2025, signaling a deceleration in momentum. The highest price recorded was 97.91, while the lowest was 28.65, with a notable standard deviation of 21.89, suggesting a degree of volatility in the stock’s price movements.
CyberArk Software Ltd. (CYBR) has experienced a price increase of +108.24% over the past year, also reflecting a bullish trend. In the recent analysis period, the stock has seen a slight decline of -1.43%, indicating a neutral trend. The highest price achieved was 520.78, and the lowest was 211.72, with a standard deviation of 81.26, highlighting significant volatility in its trading behavior.
Both companies show an overall increasing volume trend, with RBRK having a total trading volume of approximately 1.03B, while CYBR’s total volume stands at around 364M.
Analyst Opinions
Recent analyst recommendations for Rubrik, Inc. (RBRK) show a consensus rating of “C,” indicating a cautious stance among analysts. The overall score of 2 reflects concerns about its discounted cash flow and return metrics. Analysts suggest a hold position due to weak financial indicators, with some noting potential for improvement in return on equity.
For CyberArk Software Ltd. (CYBR), the consensus rating is “C-,” with an overall score of 1. The analysts highlight similar issues, particularly in return on assets and debt management, advising investors to be cautious. In summary, both stocks are rated as hold, with no strong buy recommendations for the current year.
Stock Grades
Recent evaluations from reputable grading companies have provided insights into the performance outlook for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR). Here’s a closer look at the stock ratings for these companies.
Rubrik, Inc. Grades
| Grading Company | Action | New Grade | Date |
|---|---|---|---|
| Mizuho | upgrade | Outperform | 2025-11-17 |
| CIBC | maintain | Outperform | 2025-09-11 |
| Wedbush | maintain | Outperform | 2025-09-11 |
| Keybanc | maintain | Overweight | 2025-09-10 |
| Cantor Fitzgerald | maintain | Overweight | 2025-09-10 |
| Rosenblatt | maintain | Buy | 2025-09-10 |
| Barclays | maintain | Overweight | 2025-09-10 |
| Wedbush | maintain | Outperform | 2025-06-12 |
| CIBC | maintain | Outperform | 2025-06-09 |
| Wedbush | maintain | Outperform | 2025-06-06 |
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, both companies have received a consistent pattern of maintenance or upgrades in their grades, indicating positive sentiment among analysts. Rubrik, Inc. shows a recent upgrade to Outperform, while CyberArk Software Ltd. maintains a strong outlook with several analysts rating it as Outperform or Buy. This trend suggests a favorable position in the market for both stocks, but as always, I recommend assessing your risk tolerance before making investment decisions.
Target Prices
The target consensus for Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) reflects positive analyst expectations.
| Company | Target High | Target Low | Consensus |
|---|---|---|---|
| Rubrik, Inc. | 50 | 38 | 45.5 |
| CyberArk Software | 520 | 440 | 474.67 |
For Rubrik, analysts have a consensus target of 45.5, which is below the current price of 70.22, suggesting potential overvaluation. Conversely, CyberArk’s consensus target of 474.67 is slightly below its current price of 456.67, indicating a more balanced outlook.
Strengths and Weaknesses
The following table outlines the strengths and weaknesses of Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR) based on the most recent data.
| Criterion | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| Diversification | Moderate | High |
| Profitability | Negative margins | Negative margins |
| Innovation | Strong | Strong |
| Global presence | Moderate | Strong |
| Market Share | Emerging | Established |
| Debt level | Low (0.23) | Very low (0.01) |
Key takeaways indicate that while both companies exhibit strong innovation capabilities, CyberArk has a more extensive global presence and a robust market share compared to Rubrik. However, both companies are currently facing challenges with profitability.
Risk Analysis
The following table outlines various risks associated with Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR).
| Metric | Rubrik, Inc. (RBRK) | CyberArk Software Ltd. (CYBR) |
|---|---|---|
| Market Risk | Moderate | High |
| Regulatory Risk | High | Moderate |
| Operational Risk | High | Moderate |
| Environmental Risk | Low | Low |
| Geopolitical Risk | Moderate | High |
Both companies face significant operational and regulatory risks, particularly in the current landscape of increased cybersecurity threats and regulatory scrutiny. For RBRK, rapid market dynamics pose a challenge, while CYBR’s exposure to geopolitical tensions may impact its global operations.
Which one to choose?
In comparing Rubrik, Inc. (RBRK) and CyberArk Software Ltd. (CYBR), both companies exhibit challenges, with RBRK showing a higher gross profit margin at 70% versus CYBR’s 79%. However, RBRK’s net profit margin is significantly negative at -1.3B, while CYBR has a less severe loss at -93M. RBRK’s stock trend is bullish but has recently declined by 22.7%, whereas CYBR’s price increased by 108.24% over the past year, despite a slight recent downturn. Analysts rate RBRK as a “C” and CYBR as “C-,” indicating moderate concerns for both. Investors looking for growth may prefer RBRK due to its potential recovery, while those valuing relative stability might lean towards CYBR. However, both face risks from competition and operational inefficiencies.
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:
