Which has grown faster, ON or ZS?

Over the past five years, ZS grew revenue faster — ON at a 2.67% CAGR versus ZS at 37.87%.

Is ON or ZS more profitable?

ON runs the higher net margin — ON at 10.17% versus ZS at -1.88%.

How have ON and ZS total returns compared?

Over the past 5 years, ON delivered 13.22% and ZS delivered -5.66% annualized total return. Past performance doesn't predict future results.

ON Semiconductor Corporation (ON) vs Zscaler, Inc. (ZS)

A side-by-side comparison of ON Semiconductor Corporation and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 2, 2026. Differences are shown without an overall score or investment verdict.

ON Semiconductor Corporation

$33.05B

$84.89TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Zscaler, Inc.

$31.79B

$196.60TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — ON vs ZS

growth of $100 · dividends reinvested · last 9y

ON +229.8% (+14.2%/yr)ZS +495.8% (+21.9%/yr)ZS compounded faster over this window

ON ZS

ON vs ZS: by the numbers

•ON is the larger company ($33.05B vs $31.79B market cap).
•ON is profitable (10.17% net margin) while ZS runs a net loss (-1.88%).
•ZS grew revenue faster over the past five years (37.87% vs 2.67% CAGR).

Metrics side by side

Valuation

Metric	ON	ZS
P/E ratio	54.42	N/A
Forward P/E	26.55	40.29
P/S ratio	5.33	9.48
P/B ratio	4.58	12.24
EV / EBITDA	27.53	556.98

Profitability

Metric	ON	ZS
Gross margin	37.45%	76.80%
Operating margin	1.40%	-3.98%
Net margin	10.17%	-1.88%
ROE	8.73%	-2.43%
ROIC	5.23%	-2.72%

Growth (annualized)

Metric	ON	ZS
Revenue CAGR (5Y)	2.67%	37.87%
EPS CAGR (5Y)	-12.64%	N/A
Total return CAGR (5Y)	13.22%	-5.66%

Frequently asked

Which has grown faster, ON or ZS?: Over the past five years, ZS grew revenue faster — ON at a 2.67% CAGR versus ZS at 37.87%.
Is ON or ZS more profitable?: ON runs the higher net margin — ON at 10.17% versus ZS at -1.88%.
How have ON and ZS total returns compared?: Over the past 5 years, ON delivered 13.22% and ZS delivered -5.66% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ON analysis Full ZS analysis Interactive comparison tool

Dig into the metrics

ON Semiconductor P/E ratio ON Semiconductor ROE Zscaler ROE ON Semiconductor operating margin Zscaler operating margin ON Semiconductor revenue growth Zscaler revenue growth ON Semiconductor free cash flow Zscaler free cash flow

ON Semiconductor & 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 October 2, 2026.