vs
Side-by-side financial comparison of Hillenbrand, Inc. (HI) 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 $550.2M, roughly 1.4× Hillenbrand, Inc.). Hillenbrand, Inc. runs the higher net margin — -0.4% vs -1.5%, a 1.1% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -22.2%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-31.6M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -16.3%).
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
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.
HI vs ZS — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $550.2M | $788.1M |
| Net Profit | $-2.2M | $-11.6M |
| Gross Margin | 33.4% | 76.6% |
| Operating Margin | -2.2% | -4.6% |
| Net Margin | -0.4% | -1.5% |
| Revenue YoY | -22.2% | 25.5% |
| Net Profit YoY | -134.4% | 3.6% |
| EPS (diluted) | — | $-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 | $550.2M | $788.1M | ||
| Q3 25 | $652.1M | $719.2M | ||
| Q2 25 | $598.9M | $678.0M | ||
| Q1 25 | $715.9M | $647.9M | ||
| Q4 24 | $706.9M | $628.0M | ||
| Q3 24 | $837.6M | $592.9M | ||
| Q2 24 | $786.6M | $553.2M | ||
| Q1 24 | $785.3M | $525.0M |
| Q4 25 | $-2.2M | $-11.6M | ||
| Q3 25 | $75.7M | $-17.6M | ||
| Q2 25 | $1.9M | $-4.1M | ||
| Q1 25 | $-40.9M | $-7.7M | ||
| Q4 24 | $6.4M | $-12.1M | ||
| Q3 24 | $14.6M | $-14.9M | ||
| Q2 24 | $-248.9M | $19.1M | ||
| Q1 24 | $6.1M | $-28.5M |
| Q4 25 | 33.4% | 76.6% | ||
| Q3 25 | 34.8% | 76.1% | ||
| Q2 25 | 33.8% | 77.0% | ||
| Q1 25 | 33.0% | 77.1% | ||
| Q4 24 | 33.2% | 77.5% | ||
| Q3 24 | 34.4% | 78.0% | ||
| Q2 24 | 33.9% | 78.6% | ||
| Q1 24 | 31.9% | 77.7% |
| Q4 25 | -2.2% | -4.6% | ||
| Q3 25 | — | -4.5% | ||
| Q2 25 | 1.8% | -3.7% | ||
| Q1 25 | -6.2% | -6.2% | ||
| Q4 24 | 2.2% | -4.9% | ||
| Q3 24 | — | -4.5% | ||
| Q2 24 | -32.7% | -0.5% | ||
| Q1 24 | 1.6% | -8.7% |
| Q4 25 | -0.4% | -1.5% | ||
| Q3 25 | 11.6% | -2.4% | ||
| Q2 25 | 0.3% | -0.6% | ||
| Q1 25 | -5.7% | -1.2% | ||
| Q4 24 | 0.9% | -1.9% | ||
| Q3 24 | 1.7% | -2.5% | ||
| Q2 24 | -31.6% | 3.5% | ||
| Q1 24 | 0.8% | -5.4% |
| Q4 25 | — | $-0.07 | ||
| Q3 25 | $1.07 | $-0.11 | ||
| Q2 25 | $0.03 | $-0.03 | ||
| Q1 25 | $-0.58 | $-0.05 | ||
| Q4 24 | $0.09 | $-0.08 | ||
| Q3 24 | $0.20 | $-0.09 | ||
| Q2 24 | $-3.53 | $0.12 | ||
| Q1 24 | $0.09 | $-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 | $173.1M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $4.5B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.1M | $1.3B | ||
| Q3 25 | $164.8M | $2.4B | ||
| Q2 25 | $162.8M | $2.0B | ||
| Q1 25 | $458.4M | $1.8B | ||
| Q4 24 | $208.0M | $1.6B | ||
| Q3 24 | $199.3M | $1.4B | ||
| Q2 24 | $223.8M | $1.3B | ||
| Q1 24 | $224.4M | $1.4B |
| Q4 25 | — | — | ||
| Q3 25 | $1.5B | — | ||
| Q2 25 | $1.7B | $1.1B | ||
| Q1 25 | $1.9B | $1.1B | ||
| Q4 24 | $1.9B | $1.1B | ||
| Q3 24 | $1.9B | $1.1B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.3B | $1.8B | ||
| Q1 25 | $1.3B | $1.6B | ||
| Q4 24 | $1.4B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.4B | $1.1B | ||
| Q1 24 | $1.7B | $958.9M |
| Q4 25 | $4.5B | $6.5B | ||
| Q3 25 | $4.5B | $6.4B | ||
| Q2 25 | $4.7B | $5.3B | ||
| Q1 25 | $4.8B | $5.0B | ||
| Q4 24 | $5.1B | $4.7B | ||
| Q3 24 | $5.2B | $4.7B | ||
| Q2 24 | $5.3B | $4.2B | ||
| Q1 24 | $5.6B | $3.9B |
| Q4 25 | — | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | 0.64× | ||
| Q1 25 | 1.44× | 0.71× | ||
| Q4 24 | 1.38× | 0.80× | ||
| Q3 24 | 1.33× | 0.90× | ||
| Q2 24 | 1.48× | 1.04× | ||
| Q1 24 | 1.28× | 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 | $-27.4M | $448.3M |
| Free Cash FlowOCF − Capex | $-31.6M | $431.0M |
| FCF MarginFCF / Revenue | -5.7% | 54.7% |
| Capex IntensityCapex / Revenue | 0.8% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.8M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $448.3M | ||
| Q3 25 | $67.7M | $250.6M | ||
| Q2 25 | $-1.5M | $211.1M | ||
| Q1 25 | $1.3M | $179.4M | ||
| Q4 24 | $-11.3M | $331.3M | ||
| Q3 24 | $166.5M | $203.6M | ||
| Q2 24 | $45.6M | $173.4M | ||
| Q1 24 | $3.2M | $142.1M |
| Q4 25 | $-31.6M | $431.0M | ||
| Q3 25 | $58.6M | $190.6M | ||
| Q2 25 | $-11.2M | $138.9M | ||
| Q1 25 | $-8.0M | $164.4M | ||
| Q4 24 | $-21.5M | $314.3M | ||
| Q3 24 | $153.4M | $154.2M | ||
| Q2 24 | $29.7M | $137.8M | ||
| Q1 24 | $-9.6M | $111.2M |
| Q4 25 | -5.7% | 54.7% | ||
| Q3 25 | 9.0% | 26.5% | ||
| Q2 25 | -1.9% | 20.5% | ||
| Q1 25 | -1.1% | 25.4% | ||
| Q4 24 | -3.0% | 50.1% | ||
| Q3 24 | 18.3% | 26.0% | ||
| Q2 24 | 3.8% | 24.9% | ||
| Q1 24 | -1.2% | 21.2% |
| Q4 25 | 0.8% | 2.2% | ||
| Q3 25 | 1.4% | 8.3% | ||
| Q2 25 | 1.6% | 10.6% | ||
| Q1 25 | 1.3% | 2.3% | ||
| Q4 24 | 1.4% | 2.7% | ||
| Q3 24 | 1.6% | 8.3% | ||
| Q2 24 | 2.0% | 6.4% | ||
| Q1 24 | 1.6% | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -0.79× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.77× | — | ||
| Q3 24 | 11.40× | — | ||
| Q2 24 | — | 9.07× | ||
| Q1 24 | 0.52× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
ZS
Segment breakdown not available.
