CrowdStrike vs Zscaler
CrowdStrike reported revenue of $4.8 billion in fiscal 2026, 1.4 times Zscaler's $3.4 billion in fiscal 2026. CrowdStrike's revenue grew 21.7% in its latest year, and Zscaler's grew 25.4%. CrowdStrike had an operating margin of -6.1%, against -4.0% at Zscaler. Free cash flow was $1.3 billion at CrowdStrike and $852 million at Zscaler. Their fiscal years end in different months (January 31 and July 31), so the periods don't line up exactly.
Side by side
| CrowdStrike | Zscaler | |
|---|---|---|
| Latest fiscal year | FY2026, Jan 31, 2026 | FY2026, Jul 31, 2026 |
| Revenue | $4.8B | $3.4B |
| Revenue growth | 21.7% | 25.4% |
| Revenue growth a year, last 5 years | 40.6% | 37.9% |
| Gross margin | 74.7% | 76.8% |
| Operating margin | −6.1% | −4.0% |
| Net margin | −3.4% | −1.9% |
| Free cash flow | $1.3B | $852M |
| Free cash flow margin | 27.2% | 25.4% |
| Return on capital | — | — |
| Net debt to EBITDA | — | −116.4x |
| Dividends and buybacks | $0M | $0M |
| Change in diluted share count | 2.4% | 3.8% |
| Last close | $261.83 | $260.45 |
| P/E at the last close | — | — |
| Insider trades, last 12 months | sold $771.3 million | sold $22.4 million |
| Piotroski F-score | 4 of 9 | 3 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
CrowdStrikeZscaler
Operating margin
Percent of revenue
CrowdStrikeZscaler
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
CrowdStrikeZscaler
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the CrowdStrike and Zscaler pages.