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Side-by-side financial comparison of CHECK POINT SOFTWARE TECHNOLOGIES LTD (CHKP) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
CHECK POINT SOFTWARE TECHNOLOGIES LTD is the larger business by last-quarter revenue ($2.0B vs $788.1M, roughly 2.5× Zscaler, Inc.). CHECK POINT SOFTWARE TECHNOLOGIES LTD runs the higher net margin — 38.0% vs -1.5%, a 39.5% gap on every dollar of revenue. CHECK POINT SOFTWARE TECHNOLOGIES LTD produced more free cash flow last quarter ($895.5M vs $431.0M).
Check Point Software Technologies is an Israeli cybersecurity company with operations in over 60 countries. Its headquarters are located in Tel Aviv, Israel, and the company maintains a significant presence in Redwood City, California, United States. The company protects over 100,000 organizations globally and is home to the Check Point Research team. It is a partner organization of the World Economic Forum.
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.
CHKP vs ZS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $788.1M |
| Net Profit | $752.4M | $-11.6M |
| Gross Margin | 86.7% | 76.6% |
| Operating Margin | 30.2% | -4.6% |
| Net Margin | 38.0% | -1.5% |
| Revenue YoY | — | 25.5% |
| Net Profit YoY | — | 3.6% |
| EPS (diluted) | $6.81 | $-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 | — | $788.1M | ||
| Q3 25 | $2.0B | $719.2M | ||
| Q2 25 | — | $678.0M | ||
| Q1 25 | — | $647.9M | ||
| Q4 24 | — | $628.0M | ||
| Q3 24 | — | $592.9M | ||
| Q2 24 | — | $553.2M | ||
| Q1 24 | — | $525.0M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $752.4M | $-17.6M | ||
| Q2 25 | — | $-4.1M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | — | $-12.1M | ||
| Q3 24 | — | $-14.9M | ||
| Q2 24 | — | $19.1M | ||
| Q1 24 | — | $-28.5M |
| Q4 25 | — | 76.6% | ||
| Q3 25 | 86.7% | 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 | — | -4.6% | ||
| Q3 25 | 30.2% | -4.5% | ||
| Q2 25 | — | -3.7% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | — | -4.9% | ||
| Q3 24 | — | -4.5% | ||
| Q2 24 | — | -0.5% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | — | -1.5% | ||
| Q3 25 | 38.0% | -2.4% | ||
| Q2 25 | — | -0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | — | -1.9% | ||
| Q3 24 | — | -2.5% | ||
| Q2 24 | — | 3.5% | ||
| Q1 24 | — | -5.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $6.81 | $-0.11 | ||
| Q2 25 | — | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | — | $-0.08 | ||
| Q3 24 | — | $-0.09 | ||
| Q2 24 | — | $0.12 | ||
| Q1 24 | — | $-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 | $619.9M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.1B | $2.0B |
| Total Assets | $5.7B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $1.3B | ||
| Q3 25 | $619.9M | $2.4B | ||
| Q2 25 | — | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | — | $1.6B | ||
| Q3 24 | — | $1.4B | ||
| Q2 24 | — | $1.3B | ||
| Q1 24 | — | $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 | ||
| Q1 24 | — | $1.1B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $3.1B | $1.8B | ||
| Q2 25 | — | $1.8B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $1.4B | ||
| Q3 24 | — | $1.3B | ||
| Q2 24 | — | $1.1B | ||
| Q1 24 | — | $958.9M |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $5.7B | $6.4B | ||
| Q2 25 | — | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | — | $4.7B | ||
| Q3 24 | — | $4.7B | ||
| Q2 24 | — | $4.2B | ||
| Q1 24 | — | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 0.64× | ||
| Q1 25 | — | 0.71× | ||
| Q4 24 | — | 0.80× | ||
| Q3 24 | — | 0.90× | ||
| Q2 24 | — | 1.04× | ||
| Q1 24 | — | 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 | $914.9M | $448.3M |
| Free Cash FlowOCF − Capex | $895.5M | $431.0M |
| FCF MarginFCF / Revenue | 45.2% | 54.7% |
| Capex IntensityCapex / Revenue | 1.0% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.22× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $448.3M | ||
| Q3 25 | $914.9M | $250.6M | ||
| Q2 25 | — | $211.1M | ||
| Q1 25 | — | $179.4M | ||
| Q4 24 | — | $331.3M | ||
| Q3 24 | — | $203.6M | ||
| Q2 24 | — | $173.4M | ||
| Q1 24 | — | $142.1M |
| Q4 25 | — | $431.0M | ||
| Q3 25 | $895.5M | $190.6M | ||
| Q2 25 | — | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | — | $314.3M | ||
| Q3 24 | — | $154.2M | ||
| Q2 24 | — | $137.8M | ||
| Q1 24 | — | $111.2M |
| Q4 25 | — | 54.7% | ||
| Q3 25 | 45.2% | 26.5% | ||
| Q2 25 | — | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | — | 50.1% | ||
| Q3 24 | — | 26.0% | ||
| Q2 24 | — | 24.9% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | — | 2.2% | ||
| Q3 25 | 1.0% | 8.3% | ||
| Q2 25 | — | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | — | 2.7% | ||
| Q3 24 | — | 8.3% | ||
| Q2 24 | — | 6.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | 1.22× | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 9.07× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHKP
| Security subscriptions | $812.0M | 41% |
| Software updates and maintenance | $712.0M | 36% |
| Products and licenses | $337.3M | 17% |
| Other | $119.2M | 6% |
ZS
Segment breakdown not available.
