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Side-by-side financial comparison of COMERICA INC (CMA) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
COMERICA INC is the larger business by last-quarter revenue ($838.0M vs $788.1M, roughly 1.1× Zscaler, Inc.). COMERICA INC runs the higher net margin — 21.0% vs -1.5%, a 22.5% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 3.3%). Over the past eight quarters, COMERICA INC's revenue compounded faster (108.9% CAGR vs 22.5%).
Comerica Incorporated is an American financial services company, headquartered in Dallas, Texas. It is the parent of Comerica Bank, a regional commercial bank with 413 branches in the U.S. states of Texas, Michigan, California, Florida and Arizona. Comerica is among the largest U.S. financial holding companies, with offices in a number of U.S. cities.
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.
CMA vs ZS — Head-to-Head
Income Statement — Q3 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $838.0M | $788.1M |
| Net Profit | $176.0M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | — | -4.6% |
| Net Margin | 21.0% | -1.5% |
| Revenue YoY | 3.3% | 25.5% |
| Net Profit YoY | -4.3% | 3.6% |
| EPS (diluted) | $1.35 | $-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 | $838.0M | $719.2M | ||
| Q2 25 | $849.0M | $678.0M | ||
| Q1 25 | $829.0M | $647.9M | ||
| Q4 24 | $825.0M | $628.0M | ||
| Q3 24 | $811.0M | $592.9M | ||
| Q2 24 | $824.0M | $553.2M | ||
| Q1 24 | $784.0M | $525.0M |
| Q4 25 | — | $-11.6M | ||
| Q3 25 | $176.0M | $-17.6M | ||
| Q2 25 | $199.0M | $-4.1M | ||
| Q1 25 | $172.0M | $-7.7M | ||
| Q4 24 | $170.0M | $-12.1M | ||
| Q3 24 | $184.0M | $-14.9M | ||
| Q2 24 | $206.0M | $19.1M | ||
| Q1 24 | $138.0M | $-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 | — | -4.6% | ||
| Q3 25 | — | -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 | 21.0% | -2.4% | ||
| Q2 25 | 23.4% | -0.6% | ||
| Q1 25 | 20.7% | -1.2% | ||
| Q4 24 | 20.6% | -1.9% | ||
| Q3 24 | 22.7% | -2.5% | ||
| Q2 24 | 25.0% | 3.5% | ||
| Q1 24 | 17.6% | -5.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $1.35 | $-0.11 | ||
| Q2 25 | $1.42 | $-0.03 | ||
| Q1 25 | $1.25 | $-0.05 | ||
| Q4 24 | $1.22 | $-0.08 | ||
| Q3 24 | $1.33 | $-0.09 | ||
| Q2 24 | $1.49 | $0.12 | ||
| Q1 24 | $0.98 | $-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 | — | $1.3B |
| Total DebtLower is stronger | $5.4B | — |
| Stockholders' EquityBook value | $7.4B | $2.0B |
| Total Assets | $77.4B | $6.5B |
| Debt / EquityLower = less leverage | 0.73× | — |
8-quarter trend — quarters aligned by calendar period.
| 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 | ||
| Q1 24 | — | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | $5.4B | — | ||
| Q2 25 | $5.8B | $1.1B | ||
| Q1 25 | $5.7B | $1.1B | ||
| Q4 24 | $6.7B | $1.1B | ||
| Q3 24 | $6.8B | $1.1B | ||
| Q2 24 | $7.1B | $1.1B | ||
| Q1 24 | $7.1B | $1.1B |
| Q4 25 | — | $2.0B | ||
| Q3 25 | $7.4B | $1.8B | ||
| Q2 25 | $6.9B | $1.8B | ||
| Q1 25 | $7.1B | $1.6B | ||
| Q4 24 | $6.5B | $1.4B | ||
| Q3 24 | $7.4B | $1.3B | ||
| Q2 24 | $6.2B | $1.1B | ||
| Q1 24 | $6.0B | $958.9M |
| Q4 25 | — | $6.5B | ||
| Q3 25 | $77.4B | $6.4B | ||
| Q2 25 | $78.0B | $5.3B | ||
| Q1 25 | $77.6B | $5.0B | ||
| Q4 24 | $79.3B | $4.7B | ||
| Q3 24 | $79.7B | $4.7B | ||
| Q2 24 | $79.6B | $4.2B | ||
| Q1 24 | $79.4B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | 0.73× | — | ||
| Q2 25 | 0.84× | 0.64× | ||
| Q1 25 | 0.81× | 0.71× | ||
| Q4 24 | 1.02× | 0.80× | ||
| Q3 24 | 0.92× | 0.90× | ||
| Q2 24 | 1.15× | 1.04× | ||
| Q1 24 | 1.18× | 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 | $-270.0M | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | -1.53× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $448.3M | ||
| Q3 25 | $-270.0M | $250.6M | ||
| Q2 25 | $476.0M | $211.1M | ||
| Q1 25 | $273.0M | $179.4M | ||
| Q4 24 | $601.0M | $331.3M | ||
| Q3 24 | $1.0B | $203.6M | ||
| Q2 24 | $111.0M | $173.4M | ||
| Q1 24 | $-205.0M | $142.1M |
| 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 | ||
| Q1 24 | — | $111.2M |
| 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% | ||
| Q1 24 | — | 21.2% |
| 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% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | -1.53× | — | ||
| Q2 25 | 2.39× | — | ||
| Q1 25 | 1.59× | — | ||
| Q4 24 | 3.54× | — | ||
| Q3 24 | 5.70× | — | ||
| Q2 24 | 0.54× | 9.07× | ||
| Q1 24 | -1.49× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
