vs
Side-by-side financial comparison of LOGITECH INTERNATIONAL S.A. (LOGI) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
LOGITECH INTERNATIONAL S.A. is the larger business by last-quarter revenue ($1.4B vs $788.1M, roughly 1.8× Zscaler, Inc.). LOGITECH INTERNATIONAL S.A. runs the higher net margin — 17.7% vs -1.5%, a 19.1% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 6.1%). LOGITECH INTERNATIONAL S.A. produced more free cash flow last quarter ($465.6M vs $431.0M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 18.5%).
Logitech International S.A. is a Swiss multinational manufacturer of computer peripherals and software. Headquartered in Lausanne, Switzerland, the company has offices throughout Europe, Asia, Oceania, and the Americas. It is a component of the Swiss Market Index, and is listed on the Nasdaq.
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.
LOGI vs ZS — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.4B | $788.1M |
| Net Profit | $251.0M | $-11.6M |
| Gross Margin | 43.2% | 76.6% |
| Operating Margin | 20.1% | -4.6% |
| Net Margin | 17.7% | -1.5% |
| Revenue YoY | 6.1% | 25.5% |
| Net Profit YoY | 25.4% | 3.6% |
| EPS (diluted) | $1.69 | $-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 | $1.4B | $788.1M | ||
| Q3 25 | $1.2B | $719.2M | ||
| Q2 25 | $1.1B | $678.0M | ||
| Q1 25 | $1.0B | $647.9M | ||
| Q4 24 | $1.3B | $628.0M | ||
| Q3 24 | $1.1B | $592.9M | ||
| Q2 24 | $1.1B | $553.2M | ||
| Q1 24 | $1.0B | $525.0M |
| Q4 25 | $251.0M | $-11.6M | ||
| Q3 25 | $170.7M | $-17.6M | ||
| Q2 25 | $146.0M | $-4.1M | ||
| Q1 25 | $144.1M | $-7.7M | ||
| Q4 24 | $200.1M | $-12.1M | ||
| Q3 24 | $145.5M | $-14.9M | ||
| Q2 24 | $141.8M | $19.1M | ||
| Q1 24 | $167.6M | $-28.5M |
| Q4 25 | 43.2% | 76.6% | ||
| Q3 25 | 43.4% | 76.1% | ||
| Q2 25 | 41.7% | 77.0% | ||
| Q1 25 | 43.1% | 77.1% | ||
| Q4 24 | 42.9% | 77.5% | ||
| Q3 24 | 43.6% | 78.0% | ||
| Q2 24 | 42.8% | 78.6% | ||
| Q1 24 | 43.2% | 77.7% |
| Q4 25 | 20.1% | -4.6% | ||
| Q3 25 | 16.1% | -4.5% | ||
| Q2 25 | 14.1% | -3.7% | ||
| Q1 25 | 10.5% | -6.2% | ||
| Q4 24 | 17.5% | -4.9% | ||
| Q3 24 | 14.4% | -4.5% | ||
| Q2 24 | 14.1% | -0.5% | ||
| Q1 24 | 12.9% | -8.7% |
| Q4 25 | 17.7% | -1.5% | ||
| Q3 25 | 14.4% | -2.4% | ||
| Q2 25 | 12.7% | -0.6% | ||
| Q1 25 | 14.3% | -1.2% | ||
| Q4 24 | 14.9% | -1.9% | ||
| Q3 24 | 13.0% | -2.5% | ||
| Q2 24 | 13.0% | 3.5% | ||
| Q1 24 | 16.6% | -5.4% |
| Q4 25 | $1.69 | $-0.07 | ||
| Q3 25 | $1.15 | $-0.11 | ||
| Q2 25 | $0.98 | $-0.03 | ||
| Q1 25 | $0.94 | $-0.05 | ||
| Q4 24 | $1.32 | $-0.08 | ||
| Q3 24 | $0.95 | $-0.09 | ||
| Q2 24 | $0.92 | $0.12 | ||
| Q1 24 | $1.07 | $-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 | $1.8B | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.3B | $2.0B |
| Total Assets | $4.1B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.8B | $1.3B | ||
| Q3 25 | $1.4B | $2.4B | ||
| Q2 25 | $1.5B | $2.0B | ||
| Q1 25 | $1.5B | $1.8B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.4B | ||
| Q2 24 | $1.5B | $1.3B | ||
| Q1 24 | $1.5B | $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 | $2.3B | $2.0B | ||
| Q3 25 | $2.1B | $1.8B | ||
| Q2 25 | $2.2B | $1.8B | ||
| Q1 25 | $2.1B | $1.6B | ||
| Q4 24 | $2.1B | $1.4B | ||
| Q3 24 | $2.1B | $1.3B | ||
| Q2 24 | $2.2B | $1.1B | ||
| Q1 24 | $2.2B | $958.9M |
| Q4 25 | $4.1B | $6.5B | ||
| Q3 25 | $3.7B | $6.4B | ||
| Q2 25 | $3.7B | $5.3B | ||
| Q1 25 | $3.5B | $5.0B | ||
| Q4 24 | $3.7B | $4.7B | ||
| Q3 24 | $3.6B | $4.7B | ||
| Q2 24 | $3.7B | $4.2B | ||
| Q1 24 | $3.6B | $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 | $480.5M | $448.3M |
| Free Cash FlowOCF − Capex | $465.6M | $431.0M |
| FCF MarginFCF / Revenue | 32.8% | 54.7% |
| Capex IntensityCapex / Revenue | 1.0% | 2.2% |
| Cash ConversionOCF / Net Profit | 1.91× | — |
| TTM Free Cash FlowTrailing 4 quarters | $903.6M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $480.5M | $448.3M | ||
| Q3 25 | $228.8M | $250.6M | ||
| Q2 25 | $125.0M | $211.1M | ||
| Q1 25 | $129.7M | $179.4M | ||
| Q4 24 | $370.9M | $331.3M | ||
| Q3 24 | $166.0M | $203.6M | ||
| Q2 24 | $176.0M | $173.4M | ||
| Q1 24 | $239.1M | $142.1M |
| Q4 25 | $465.6M | $431.0M | ||
| Q3 25 | $212.3M | $190.6M | ||
| Q2 25 | $108.8M | $138.9M | ||
| Q1 25 | $116.9M | $164.4M | ||
| Q4 24 | $356.6M | $314.3M | ||
| Q3 24 | $151.5M | $154.2M | ||
| Q2 24 | $161.4M | $137.8M | ||
| Q1 24 | $228.8M | $111.2M |
| Q4 25 | 32.8% | 54.7% | ||
| Q3 25 | 17.9% | 26.5% | ||
| Q2 25 | 9.5% | 20.5% | ||
| Q1 25 | 11.6% | 25.4% | ||
| Q4 24 | 26.6% | 50.1% | ||
| Q3 24 | 13.6% | 26.0% | ||
| Q2 24 | 14.8% | 24.9% | ||
| Q1 24 | 22.6% | 21.2% |
| Q4 25 | 1.0% | 2.2% | ||
| Q3 25 | 1.4% | 8.3% | ||
| Q2 25 | 1.4% | 10.6% | ||
| Q1 25 | 1.3% | 2.3% | ||
| Q4 24 | 1.1% | 2.7% | ||
| Q3 24 | 1.3% | 8.3% | ||
| Q2 24 | 1.3% | 6.4% | ||
| Q1 24 | 1.0% | 5.9% |
| Q4 25 | 1.91× | — | ||
| Q3 25 | 1.34× | — | ||
| Q2 25 | 0.86× | — | ||
| Q1 25 | 0.90× | — | ||
| Q4 24 | 1.85× | — | ||
| Q3 24 | 1.14× | — | ||
| Q2 24 | 1.24× | 9.07× | ||
| Q1 24 | 1.43× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LOGI
| Retail Gaming | $482.7M | 34% |
| Retail Keyboards Desktops | $254.6M | 18% |
| Retail Pointing Devices | $241.2M | 17% |
| Retail Video Collaboration | $193.3M | 14% |
| Retail Tablet And Other Accessories | $93.6M | 7% |
| Retail Webcams | $82.3M | 6% |
| Retail Headsets | $45.9M | 3% |
| Other Retail Products | $28.0M | 2% |
ZS
Segment breakdown not available.
