Which has grown faster, ZM or ZS?

Over the past five years, ZS grew revenue faster — ZM at a 8.51% CAGR versus ZS at 39.45%.

Is ZM or ZS more profitable?

ZM runs the higher net margin — ZM at 41.99% versus ZS at -2.44%.

Which has been the better investment, ZM or ZS?

Over the past 5-year, ZS delivered the higher annualized total return — ZM at -26.22% versus ZS at -8.08%. Past performance doesn't predict future results.

Zoom Communications, Inc. (ZM) vs Zscaler, Inc. (ZS)

ZM leads on 9 of 12 compared metrics.

A side-by-side comparison of Zoom Communications, Inc. and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 7, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Zoom Communications, Inc.

Total return — ZM vs ZS

growth of $100 · last 7y

ZM +38.9%ZS +138.5%ZS compounded faster

ZM ZS

ZM vs ZS: by the numbers

•ZM is the larger company ($25.41B vs $24.94B market cap).
•ZM is profitable (41.99% net margin) while ZS runs a net loss (-2.44%).
•ZS grew revenue faster over the past five years (39.45% vs 8.51% CAGR).

Which is better, ZM or ZS?

Metric tally: ZM 9 · ZS 3

It depends on what you're optimizing for:

GrowthZS(faster 5Y revenue CAGR)

QualityZM(higher ROIC)

Metrics side by side

Valuation

Metric	ZM	ZS
P/E ratio	12.49	—
Forward P/E	14.24●	36.54
P/S ratio	5.17●	7.62
P/B ratio	2.56●	10.22
PEG ratio	0.16	—
EV / EBITDA	18.41●	5838.24
FCF yield	7.69%●	3.97%

Profitability

Metric	ZM	ZS
Gross margin	77.40%	76.67%
Operating margin	24.17%●	-4.73%
Net margin	41.99%●	-2.44%
ROE	20.77%●	-3.27%
ROIC	8.82%●	-3.18%

Growth (annualized)

Metric	ZM	ZS
Revenue CAGR (5Y)	8.51%	39.45%●
EPS CAGR (5Y)	21.68%	—
FCF CAGR (5Y)	4.31%	49.89%●
Total return CAGR (5Y)	-26.22%	-8.08%●

Frequently asked

Which is better, ZM or ZS?: It depends on your goal. growth: ZS (faster 5Y revenue CAGR); quality: ZM (higher ROIC). Across all compared metrics, ZM leads 9 to 3.
Which has grown faster, ZM or ZS?: Over the past five years, ZS grew revenue faster — ZM at a 8.51% CAGR versus ZS at 39.45%.
Is ZM or ZS more profitable?: ZM runs the higher net margin — ZM at 41.99% versus ZS at -2.44%.
Which has been the better investment, ZM or ZS?: Over the past 5-year, ZS delivered the higher annualized total return — ZM at -26.22% versus ZS at -8.08%. Past performance doesn't predict future results.

Go deeper

Full ZM analysis Full ZS analysis Interactive comparison tool

Dig into the metrics

Zoom Communications P/E ratio Zscaler P/E ratio Zoom Communications dividend yield Zscaler dividend yield Zoom Communications ROE Zscaler ROE Zoom Communications operating margin Zscaler operating margin Zoom Communications revenue growth Zscaler revenue growth Zoom Communications free cash flow Zscaler free cash flow

Zoom Communications & Zscaler appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks Lowest P/E Ratio 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 July 7, 2026.