vs
Side-by-side financial comparison of Fortive (FTV) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Fortive is the larger business by last-quarter revenue ($1.1B vs $788.1M, roughly 1.4× Zscaler, Inc.). Fortive runs the higher net margin — 12.8% vs -1.5%, a 14.2% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 7.7%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -17.0%).
Fortive Corporation is an American industrial technology conglomerate company headquartered in Everett, Washington. The company specializes in providing essential technologies for connected workflow solutions; designing, developing, manufacturing and distributing professional and engineered products, software and services. Their products and services are split into three strategic segments; Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions. As of Decem...
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.
FTV vs ZS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $788.1M |
| Net Profit | $136.4M | $-11.6M |
| Gross Margin | 63.2% | 76.6% |
| Operating Margin | 17.9% | -4.6% |
| Net Margin | 12.8% | -1.5% |
| Revenue YoY | 7.7% | 25.5% |
| Net Profit YoY | 21.1% | 3.6% |
| EPS (diluted) | $0.44 | $-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.
| Q1 26 | $1.1B | — | ||
| Q4 25 | $1.1B | $788.1M | ||
| Q3 25 | $1.0B | $719.2M | ||
| Q2 25 | $1.5B | $678.0M | ||
| Q1 25 | $1.5B | $647.9M | ||
| Q4 24 | $1.6B | $628.0M | ||
| Q3 24 | $1.5B | $592.9M | ||
| Q2 24 | $1.6B | $553.2M |
| Q1 26 | $136.4M | — | ||
| Q4 25 | $185.7M | $-11.6M | ||
| Q3 25 | $55.0M | $-17.6M | ||
| Q2 25 | $166.6M | $-4.1M | ||
| Q1 25 | $171.9M | $-7.7M | ||
| Q4 24 | $208.8M | $-12.1M | ||
| Q3 24 | $221.6M | $-14.9M | ||
| Q2 24 | $195.1M | $19.1M |
| Q1 26 | 63.2% | — | ||
| Q4 25 | 63.2% | 76.6% | ||
| Q3 25 | 63.2% | 76.1% | ||
| Q2 25 | 59.0% | 77.0% | ||
| Q1 25 | 59.8% | 77.1% | ||
| Q4 24 | 60.3% | 77.5% | ||
| Q3 24 | 60.0% | 78.0% | ||
| Q2 24 | 59.8% | 78.6% |
| Q1 26 | 17.9% | — | ||
| Q4 25 | 20.1% | -4.6% | ||
| Q3 25 | 15.5% | -4.5% | ||
| Q2 25 | 14.6% | -3.7% | ||
| Q1 25 | 15.8% | -6.2% | ||
| Q4 24 | 19.0% | -4.9% | ||
| Q3 24 | 19.3% | -4.5% | ||
| Q2 24 | 19.4% | -0.5% |
| Q1 26 | 12.8% | — | ||
| Q4 25 | 16.5% | -1.5% | ||
| Q3 25 | 5.4% | -2.4% | ||
| Q2 25 | 11.0% | -0.6% | ||
| Q1 25 | 11.7% | -1.2% | ||
| Q4 24 | 12.9% | -1.9% | ||
| Q3 24 | 14.4% | -2.5% | ||
| Q2 24 | 12.6% | 3.5% |
| Q1 26 | $0.44 | — | ||
| Q4 25 | $0.60 | $-0.07 | ||
| Q3 25 | $0.16 | $-0.11 | ||
| Q2 25 | $0.49 | $-0.03 | ||
| Q1 25 | $0.50 | $-0.05 | ||
| Q4 24 | $0.60 | $-0.08 | ||
| Q3 24 | $0.63 | $-0.09 | ||
| Q2 24 | $0.55 | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $356.1M | $1.3B |
| Total DebtLower is stronger | $3.5B | — |
| Stockholders' EquityBook value | $6.1B | $2.0B |
| Total Assets | $11.6B | $6.5B |
| Debt / EquityLower = less leverage | 0.57× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $356.1M | — | ||
| Q4 25 | $375.5M | $1.3B | ||
| Q3 25 | $430.8M | $2.4B | ||
| Q2 25 | $1.8B | $2.0B | ||
| Q1 25 | $892.1M | $1.8B | ||
| Q4 24 | $813.3M | $1.6B | ||
| Q3 24 | $811.3M | $1.4B | ||
| Q2 24 | $644.1M | $1.3B |
| Q1 26 | $3.5B | — | ||
| Q4 25 | $3.2B | — | ||
| Q3 25 | $3.3B | — | ||
| Q2 25 | $4.8B | $1.1B | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.7B | $1.1B | ||
| Q3 24 | $3.9B | $1.1B | ||
| Q2 24 | $3.8B | $1.1B |
| Q1 26 | $6.1B | — | ||
| Q4 25 | $6.5B | $2.0B | ||
| Q3 25 | $6.5B | $1.8B | ||
| Q2 25 | $10.4B | $1.8B | ||
| Q1 25 | $10.2B | $1.6B | ||
| Q4 24 | $10.2B | $1.4B | ||
| Q3 24 | $10.6B | $1.3B | ||
| Q2 24 | $10.5B | $1.1B |
| Q1 26 | $11.6B | — | ||
| Q4 25 | $11.7B | $6.5B | ||
| Q3 25 | $11.9B | $6.4B | ||
| Q2 25 | $18.2B | $5.3B | ||
| Q1 25 | $17.1B | $5.0B | ||
| Q4 24 | $17.0B | $4.7B | ||
| Q3 24 | $17.5B | $4.7B | ||
| Q2 24 | $17.3B | $4.2B |
| Q1 26 | 0.57× | — | ||
| Q4 25 | 0.50× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.46× | 0.64× | ||
| Q1 25 | 0.38× | 0.71× | ||
| Q4 24 | 0.36× | 0.80× | ||
| Q3 24 | 0.37× | 0.90× | ||
| Q2 24 | 0.36× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $234.8M | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | 2.5% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $234.8M | — | ||
| Q4 25 | $1.1B | $448.3M | ||
| Q3 25 | $164.4M | $250.6M | ||
| Q2 25 | $311.2M | $211.1M | ||
| Q1 25 | $241.7M | $179.4M | ||
| Q4 24 | $502.2M | $331.3M | ||
| Q3 24 | $459.0M | $203.6M | ||
| Q2 24 | $308.9M | $173.4M |
| Q1 26 | — | — | ||
| Q4 25 | $313.8M | $431.0M | ||
| Q3 25 | $153.1M | $190.6M | ||
| Q2 25 | $274.5M | $138.9M | ||
| Q1 25 | $215.0M | $164.4M | ||
| Q4 24 | $465.2M | $314.3M | ||
| Q3 24 | $431.2M | $154.2M | ||
| Q2 24 | $279.7M | $137.8M |
| Q1 26 | — | — | ||
| Q4 25 | 28.0% | 54.7% | ||
| Q3 25 | 14.9% | 26.5% | ||
| Q2 25 | 18.1% | 20.5% | ||
| Q1 25 | 14.6% | 25.4% | ||
| Q4 24 | 28.7% | 50.1% | ||
| Q3 24 | 28.1% | 26.0% | ||
| Q2 24 | 18.0% | 24.9% |
| Q1 26 | 2.5% | — | ||
| Q4 25 | 2.7% | 2.2% | ||
| Q3 25 | 1.1% | 8.3% | ||
| Q2 25 | 2.4% | 10.6% | ||
| Q1 25 | 1.8% | 2.3% | ||
| Q4 24 | 2.3% | 2.7% | ||
| Q3 24 | 1.8% | 8.3% | ||
| Q2 24 | 1.9% | 6.4% |
| Q1 26 | 1.72× | — | ||
| Q4 25 | 5.83× | — | ||
| Q3 25 | 2.99× | — | ||
| Q2 25 | 1.87× | — | ||
| Q1 25 | 1.41× | — | ||
| Q4 24 | 2.41× | — | ||
| Q3 24 | 2.07× | — | ||
| Q2 24 | 1.58× | 9.07× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
