Which has grown faster, AXON or ZS?

Over the past five years, ZS grew revenue faster — AXON at a 31.90% CAGR versus ZS at 39.45%.

Is AXON or ZS more profitable?

AXON runs the higher net margin — AXON at 6.20% versus ZS at -2.44%.

How have AXON and ZS total returns compared?

Over the past 5 years, AXON delivered 35.67% and ZS delivered -5.15% annualized total return. Past performance doesn't predict future results.

Axon Enterprise, Inc. (AXON) vs Zscaler, Inc. (ZS)

A side-by-side comparison of Axon Enterprise, Inc. and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.

Different business models: AXON is classified in Industrials; ZS is classified in Technology. Margin, capital intensity, and valuation differences should be interpreted in that sector context.

AXON

Axon Enterprise, Inc.

$49.40B

$612.83IndustrialsDelayed quote: Aug 14, 2026, 4:00 PM EDT

Zscaler, Inc.

$29.69B

$183.60TechnologyDelayed quote: Aug 14, 2026, 4:00 PM EDT

Total return — AXON vs ZS

growth of $100 · dividends reinvested · last 8y

AXON +1444.4% (+40.8%/yr)ZS +470.2% (+24.3%/yr)AXON compounded faster over this window

AXON ZS

AXON vs ZS: by the numbers

•AXON is the larger company ($49.40B vs $29.69B market cap).
•AXON is profitable (6.20% net margin) while ZS runs a net loss (-2.44%).
•ZS grew revenue faster over the past five years (39.45% vs 31.90% CAGR).

Metrics side by side

Valuation

Metric	AXON	ZS
P/E ratio	255.21	N/A
Forward P/E	79.76	45.71
P/S ratio	15.78	9.53
P/B ratio	13.82	12.78
EV / EBITDA	276.30	7252.40
FCF yield	0.26%	3.17%

Profitability

Metric	AXON	ZS
Gross margin	59.41%	76.67%
Operating margin	2.61%	-4.73%
Net margin	6.20%	-2.44%
ROE	5.43%	-3.27%
ROIC	-1.11%	-3.18%

Growth (annualized)

Metric	AXON	ZS
Revenue CAGR (5Y)	31.90%	39.45%
EPS CAGR (5Y)	117.98%	N/A
FCF CAGR (5Y)	21.08%	49.89%
Total return CAGR (5Y)	27.17%	-5.15%

Frequently asked

Which has grown faster, AXON or ZS?: Over the past five years, ZS grew revenue faster — AXON at a 31.90% CAGR versus ZS at 39.45%.
Is AXON or ZS more profitable?: AXON runs the higher net margin — AXON at 6.20% versus ZS at -2.44%.
How have AXON and ZS total returns compared?: Over the past 5 years, AXON delivered 35.67% and ZS delivered -5.15% annualized total return. Past performance doesn't predict future results.

Go deeper

Full AXON analysis Full ZS analysis Interactive comparison tool

Dig into the metrics

Axon Enterprise P/E ratio Axon Enterprise ROE Zscaler ROE Axon Enterprise operating margin Zscaler operating margin Axon Enterprise revenue growth Zscaler revenue growth Axon Enterprise free cash flow Zscaler free cash flow

Axon Enterprise & Zscaler appear in these rankings

Fastest Revenue Growth Stocks Highest 10-Year Total Return Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified August 14, 2026.