F5, Inc. (FFIV) vs Zscaler, Inc. (ZS)

FFIV leads on 9 of 13 compared metrics.

A side-by-side comparison of F5, Inc. and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 15, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Compare

Total return — FFIV vs ZS

growth of $100 · last 8y
FFIV +167.4%ZS +292.5%ZS compounded faster
05001kStart $1002020202220242026$267$392
FFIV ZS

FFIV vs ZS: by the numbers

  • FFIV is the larger company ($22.35B vs $20.94B market cap).
  • FFIV is profitable (21.96% net margin) while ZS runs a net loss (-2.44%).
  • ZS grew revenue faster over the past five years (39.45% vs 5.49% CAGR).

Which is better, FFIV or ZS?

Metric tally: FFIV 9 · ZS 4

It depends on what you're optimizing for:

GrowthZS(faster 5Y revenue CAGR)
QualityFFIV(higher ROIC)

Metrics side by side

Valuation

MetricFFIVZS
P/E ratio32.50
Forward P/E24.0328.16
P/S ratio7.046.56
P/B ratio6.228.80
PEG ratio1.13
EV / EBITDA23.47314.12
FCF yield4.24%4.61%

Profitability

MetricFFIVZS
Gross margin81.90%76.67%
Operating margin24.65%-4.73%
Net margin21.96%-2.44%
ROE19.41%-3.27%
ROIC13.85%-3.18%

Growth (annualized)

MetricFFIVZS
Revenue CAGR (5Y)5.49%39.45%
EPS CAGR (5Y)18.82%
FCF CAGR (5Y)11.35%49.89%
Total return CAGR (5Y)15.49%-9.02%

Frequently asked

Which is better, FFIV or ZS?
It depends on your goal. growth: ZS (faster 5Y revenue CAGR); quality: FFIV (higher ROIC). Across all compared metrics, FFIV leads 9 to 4.
Which has grown faster, FFIV or ZS?
Over the past five years, ZS grew revenue faster — FFIV at a 5.49% CAGR versus ZS at 39.45%.
Is FFIV or ZS more profitable?
FFIV runs the higher net margin — FFIV at 21.96% versus ZS at -2.44%.
Which has been the better investment, FFIV or ZS?
Over the past 5-year, FFIV delivered the higher annualized total return — FFIV at 12.74% versus ZS at -9.02%. Past performance doesn't predict future results.

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 June 15, 2026.