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Side-by-side financial comparison of ANTERO RESOURCES Corp (AR) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.

ANTERO RESOURCES Corp is the larger business by last-quarter revenue ($1.4B vs $788.1M, roughly 1.7× Zscaler, Inc.). On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -30.5%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $235.6M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 17.6%).

Antero Resources Corporation is an American company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Denver, Colorado. The company's reserves are entirely in the Appalachian Basin and are extracted using hydraulic fracturing.

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.

AR vs ZS — Head-to-Head

Bigger by revenue
AR
AR
1.7× larger
AR
$1.4B
$788.1M
ZS
Growing faster (revenue YoY)
ZS
ZS
+56.0% gap
ZS
25.5%
-30.5%
AR
More free cash flow
ZS
ZS
$195.3M more FCF
ZS
$431.0M
$235.6M
AR
Faster 2-yr revenue CAGR
ZS
ZS
Annualised
ZS
22.5%
17.6%
AR

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
AR
AR
ZS
ZS
Revenue
$1.4B
$788.1M
Net Profit
$-11.6M
Gross Margin
76.6%
Operating Margin
20.1%
-4.6%
Net Margin
-1.5%
Revenue YoY
-30.5%
25.5%
Net Profit YoY
3.6%
EPS (diluted)
$0.66
$-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.

Revenue
AR
AR
ZS
ZS
Q1 26
$1.4B
Q4 25
$1.4B
$788.1M
Q3 25
$1.2B
$719.2M
Q2 25
$1.3B
$678.0M
Q1 25
$1.4B
$647.9M
Q4 24
$1.2B
$628.0M
Q3 24
$1.1B
$592.9M
Q2 24
$978.7M
$553.2M
Net Profit
AR
AR
ZS
ZS
Q1 26
Q4 25
$202.9M
$-11.6M
Q3 25
$85.6M
$-17.6M
Q2 25
$166.6M
$-4.1M
Q1 25
$219.5M
$-7.7M
Q4 24
$158.8M
$-12.1M
Q3 24
$-25.2M
$-14.9M
Q2 24
$-74.6M
$19.1M
Gross Margin
AR
AR
ZS
ZS
Q1 26
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%
Operating Margin
AR
AR
ZS
ZS
Q1 26
20.1%
Q4 25
20.5%
-4.6%
Q3 25
9.7%
-4.5%
Q2 25
15.8%
-3.7%
Q1 25
20.1%
-6.2%
Q4 24
4.9%
-4.9%
Q3 24
-2.4%
-4.5%
Q2 24
-8.2%
-0.5%
Net Margin
AR
AR
ZS
ZS
Q1 26
Q4 25
14.4%
-1.5%
Q3 25
7.1%
-2.4%
Q2 25
12.8%
-0.6%
Q1 25
16.2%
-1.2%
Q4 24
13.6%
-1.9%
Q3 24
-2.4%
-2.5%
Q2 24
-7.6%
3.5%
EPS (diluted)
AR
AR
ZS
ZS
Q1 26
$0.66
Q4 25
$0.63
$-0.07
Q3 25
$0.24
$-0.11
Q2 25
$0.50
$-0.03
Q1 25
$0.66
$-0.05
Q4 24
$0.48
$-0.08
Q3 24
$-0.11
$-0.09
Q2 24
$-0.26
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
AR
AR
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$1.3B
Total DebtLower is stronger
$1.4B
Stockholders' EquityBook value
$7.6B
$2.0B
Total Assets
$13.2B
$6.5B
Debt / EquityLower = less leverage
0.19×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
AR
AR
ZS
ZS
Q1 26
Q4 25
$1.3B
Q3 25
$2.4B
Q2 25
$2.0B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$1.3B
Total Debt
AR
AR
ZS
ZS
Q1 26
$1.4B
Q4 25
Q3 25
Q2 25
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Stockholders' Equity
AR
AR
ZS
ZS
Q1 26
$7.6B
Q4 25
$7.6B
$2.0B
Q3 25
$7.3B
$1.8B
Q2 25
$7.3B
$1.8B
Q1 25
$7.2B
$1.6B
Q4 24
$7.0B
$1.4B
Q3 24
$7.0B
$1.3B
Q2 24
$7.0B
$1.1B
Total Assets
AR
AR
ZS
ZS
Q1 26
$13.2B
Q4 25
$13.2B
$6.5B
Q3 25
$12.9B
$6.4B
Q2 25
$12.8B
$5.3B
Q1 25
$13.0B
$5.0B
Q4 24
$13.0B
$4.7B
Q3 24
$13.2B
$4.7B
Q2 24
$13.4B
$4.2B
Debt / Equity
AR
AR
ZS
ZS
Q1 26
0.19×
Q4 25
Q3 25
Q2 25
0.64×
Q1 25
0.71×
Q4 24
0.80×
Q3 24
0.90×
Q2 24
1.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
AR
AR
ZS
ZS
Operating Cash FlowLast quarter
$457.7M
$448.3M
Free Cash FlowOCF − Capex
$235.6M
$431.0M
FCF MarginFCF / Revenue
17.4%
54.7%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
AR
AR
ZS
ZS
Q1 26
$457.7M
Q4 25
$370.7M
$448.3M
Q3 25
$310.1M
$250.6M
Q2 25
$492.4M
$211.1M
Q1 25
$457.7M
$179.4M
Q4 24
$278.0M
$331.3M
Q3 24
$166.2M
$203.6M
Q2 24
$143.5M
$173.4M
Free Cash Flow
AR
AR
ZS
ZS
Q1 26
$235.6M
Q4 25
$431.0M
Q3 25
$190.6M
Q2 25
$138.9M
Q1 25
$164.4M
Q4 24
$314.3M
Q3 24
$154.2M
Q2 24
$137.8M
FCF Margin
AR
AR
ZS
ZS
Q1 26
17.4%
Q4 25
54.7%
Q3 25
26.5%
Q2 25
20.5%
Q1 25
25.4%
Q4 24
50.1%
Q3 24
26.0%
Q2 24
24.9%
Capex Intensity
AR
AR
ZS
ZS
Q1 26
Q4 25
2.2%
Q3 25
8.3%
Q2 25
10.6%
Q1 25
2.3%
Q4 24
2.7%
Q3 24
8.3%
Q2 24
6.4%
Cash Conversion
AR
AR
ZS
ZS
Q1 26
Q4 25
1.83×
Q3 25
3.62×
Q2 25
2.96×
Q1 25
2.09×
Q4 24
1.75×
Q3 24
Q2 24
9.07×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

AR
AR

Natural gas sales$780.0M58%
Natural gas liquids sales$561.4M42%
Oil sales$50.3M4%
Other revenue and income$818.0K0%

ZS
ZS

Segment breakdown not available.

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