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Side-by-side financial comparison of Allegiant Travel CO (ALGT) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Zscaler, Inc. is the larger business by last-quarter revenue ($788.1M vs $595.5M, roughly 1.3× Allegiant Travel CO). Allegiant Travel CO runs the higher net margin — 5.4% vs -1.5%, a 6.8% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 7.6%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $90.4M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 1.3%).
Allegiant Air, styled as allegiant, is an American low-cost airline headquartered in Las Vegas, Nevada. The airline focuses on serving leisure traffic from small and medium-sized cities which it considers to be underserved, using an ultra low-cost business model with minimal inclusions in fares and a greater number of add-on fees.
Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.
ALGT vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $595.5M | $788.1M |
| Net Profit | $31.9M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | 11.2% | -4.6% |
| Net Margin | 5.4% | -1.5% |
| Revenue YoY | 7.6% | 25.5% |
| Net Profit YoY | 114.8% | 3.6% |
| EPS (diluted) | $1.82 | $-0.07 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $595.5M | $788.1M | ||
| Q3 25 | $494.1M | $719.2M | ||
| Q2 25 | $617.9M | $678.0M | ||
| Q1 25 | $616.8M | $647.9M | ||
| Q4 24 | $553.6M | $628.0M | ||
| Q3 24 | $489.0M | $592.9M | ||
| Q2 24 | $594.5M | $553.2M | ||
| Q1 24 | $579.9M | $525.0M |
| Q4 25 | $31.9M | $-11.6M | ||
| Q3 25 | $-43.6M | $-17.6M | ||
| Q2 25 | $-65.2M | $-4.1M | ||
| Q1 25 | $32.1M | $-7.7M | ||
| Q4 24 | $-216.2M | $-12.1M | ||
| Q3 24 | $-36.8M | $-14.9M | ||
| Q2 24 | $13.7M | $19.1M | ||
| Q1 24 | $-919.0K | $-28.5M |
| Q4 25 | — | 76.6% | ||
| Q3 25 | — | 76.1% | ||
| Q2 25 | — | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | — | 77.5% | ||
| Q3 24 | — | 78.0% | ||
| Q2 24 | — | 78.6% | ||
| Q1 24 | — | 77.7% |
| Q4 25 | 11.2% | -4.6% | ||
| Q3 25 | -5.5% | -4.5% | ||
| Q2 25 | -10.9% | -3.7% | ||
| Q1 25 | 10.5% | -6.2% | ||
| Q4 24 | -47.7% | -4.9% | ||
| Q3 24 | -5.4% | -4.5% | ||
| Q2 24 | 5.9% | -0.5% | ||
| Q1 24 | 2.7% | -8.7% |
| Q4 25 | 5.4% | -1.5% | ||
| Q3 25 | -8.8% | -2.4% | ||
| Q2 25 | -10.5% | -0.6% | ||
| Q1 25 | 5.2% | -1.2% | ||
| Q4 24 | -39.1% | -1.9% | ||
| Q3 24 | -7.5% | -2.5% | ||
| Q2 24 | 2.3% | 3.5% | ||
| Q1 24 | -0.2% | -5.4% |
| Q4 25 | $1.82 | $-0.07 | ||
| Q3 25 | $-2.41 | $-0.11 | ||
| Q2 25 | $-3.62 | $-0.03 | ||
| Q1 25 | $1.73 | $-0.05 | ||
| Q4 24 | $-12.12 | $-0.08 | ||
| Q3 24 | $-2.05 | $-0.09 | ||
| Q2 24 | $0.75 | $0.12 | ||
| Q1 24 | $-0.07 | $-0.19 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $805.7M | $1.3B |
| Total DebtLower is stronger | $1.7B | — |
| Stockholders' EquityBook value | $1.1B | $2.0B |
| Total Assets | $4.2B | $6.5B |
| Debt / EquityLower = less leverage | 1.60× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $805.7M | $1.3B | ||
| Q3 25 | $956.7M | $2.4B | ||
| Q2 25 | $842.8M | $2.0B | ||
| Q1 25 | $878.6M | $1.8B | ||
| Q4 24 | $781.1M | $1.6B | ||
| Q3 24 | $759.3M | $1.4B | ||
| Q2 24 | $791.9M | $1.3B | ||
| Q1 24 | $809.9M | $1.4B |
| Q4 25 | $1.7B | — | ||
| Q3 25 | $1.8B | — | ||
| Q2 25 | $1.8B | $1.1B | ||
| Q1 25 | $1.7B | $1.1B | ||
| Q4 24 | $1.6B | $1.1B | ||
| Q3 24 | $1.8B | $1.1B | ||
| Q2 24 | $1.7B | $1.1B | ||
| Q1 24 | $1.8B | $1.1B |
| Q4 25 | $1.1B | $2.0B | ||
| Q3 25 | $1.0B | $1.8B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.6B | ||
| Q4 24 | $1.1B | $1.4B | ||
| Q3 24 | $1.3B | $1.3B | ||
| Q2 24 | $1.3B | $1.1B | ||
| Q1 24 | $1.3B | $958.9M |
| Q4 25 | $4.2B | $6.5B | ||
| Q3 25 | $4.4B | $6.4B | ||
| Q2 25 | $4.4B | $5.3B | ||
| Q1 25 | $4.5B | $5.0B | ||
| Q4 24 | $4.4B | $4.7B | ||
| Q3 24 | $4.8B | $4.7B | ||
| Q2 24 | $4.9B | $4.2B | ||
| Q1 24 | $4.9B | $3.9B |
| Q4 25 | 1.60× | — | ||
| Q3 25 | 1.76× | — | ||
| Q2 25 | 1.68× | 0.64× | ||
| Q1 25 | 1.57× | 0.71× | ||
| Q4 24 | 1.48× | 0.80× | ||
| Q3 24 | 1.36× | 0.90× | ||
| Q2 24 | 1.30× | 1.04× | ||
| Q1 24 | 1.35× | 1.19× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $112.2M | $448.3M |
| Free Cash FlowOCF − Capex | $90.4M | $431.0M |
| FCF MarginFCF / Revenue | 15.2% | 54.7% |
| Capex IntensityCapex / Revenue | 3.7% | 2.2% |
| Cash ConversionOCF / Net Profit | 3.51× | — |
| TTM Free Cash FlowTrailing 4 quarters | $75.1M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $112.2M | $448.3M | ||
| Q3 25 | $-6.1M | $250.6M | ||
| Q2 25 | $92.2M | $211.1M | ||
| Q1 25 | $191.4M | $179.4M | ||
| Q4 24 | $84.4M | $331.3M | ||
| Q3 24 | $17.3M | $203.6M | ||
| Q2 24 | $68.9M | $173.4M | ||
| Q1 24 | $167.8M | $142.1M |
| Q4 25 | $90.4M | $431.0M | ||
| Q3 25 | $-121.7M | $190.6M | ||
| Q2 25 | $-10.5M | $138.9M | ||
| Q1 25 | $116.9M | $164.4M | ||
| Q4 24 | $24.0M | $314.3M | ||
| Q3 24 | $-28.7M | $154.2M | ||
| Q2 24 | $7.0M | $137.8M | ||
| Q1 24 | $35.9M | $111.2M |
| Q4 25 | 15.2% | 54.7% | ||
| Q3 25 | -24.6% | 26.5% | ||
| Q2 25 | -1.7% | 20.5% | ||
| Q1 25 | 19.0% | 25.4% | ||
| Q4 24 | 4.3% | 50.1% | ||
| Q3 24 | -5.9% | 26.0% | ||
| Q2 24 | 1.2% | 24.9% | ||
| Q1 24 | 6.2% | 21.2% |
| Q4 25 | 3.7% | 2.2% | ||
| Q3 25 | 23.4% | 8.3% | ||
| Q2 25 | 16.6% | 10.6% | ||
| Q1 25 | 12.1% | 2.3% | ||
| Q4 24 | 10.9% | 2.7% | ||
| Q3 24 | 9.4% | 8.3% | ||
| Q2 24 | 10.4% | 6.4% | ||
| Q1 24 | 22.7% | 5.9% |
| Q4 25 | 3.51× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 5.96× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 5.03× | 9.07× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ALGT
| Airrelatedrevenue | $307.1M | 52% |
| Scheduled Service Revenue | $267.1M | 45% |
| Cobrand Revenue | $21.3M | 4% |
| Other | $1.0K | 0% |
ZS
Segment breakdown not available.
