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Side-by-side financial comparison of Pediatrix Medical Group, Inc. (MD) 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 $493.8M, roughly 1.6× Pediatrix Medical Group, Inc.). Pediatrix Medical Group, Inc. runs the higher net margin — 6.8% vs -1.5%, a 8.3% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -1.7%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -0.1%).

Pediatrix Medical Group, Inc. is a leading U.S. specialized medical service provider focusing on maternal-fetal care, neonatology, pediatric cardiology and other pediatric subspecialties. It partners with U.S. healthcare facilities to deliver evidence-based care to women, newborns and children.

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.

MD vs ZS — Head-to-Head

Bigger by revenue
ZS
ZS
1.6× larger
ZS
$788.1M
$493.8M
MD
Growing faster (revenue YoY)
ZS
ZS
+27.2% gap
ZS
25.5%
-1.7%
MD
Higher net margin
MD
MD
8.3% more per $
MD
6.8%
-1.5%
ZS
Faster 2-yr revenue CAGR
ZS
ZS
Annualised
ZS
22.5%
-0.1%
MD

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
MD
MD
ZS
ZS
Revenue
$493.8M
$788.1M
Net Profit
$33.7M
$-11.6M
Gross Margin
76.6%
Operating Margin
9.9%
-4.6%
Net Margin
6.8%
-1.5%
Revenue YoY
-1.7%
25.5%
Net Profit YoY
10.5%
3.6%
EPS (diluted)
$0.40
$-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.

Revenue
MD
MD
ZS
ZS
Q4 25
$493.8M
$788.1M
Q3 25
$492.9M
$719.2M
Q2 25
$468.8M
$678.0M
Q1 25
$458.4M
$647.9M
Q4 24
$502.4M
$628.0M
Q3 24
$511.2M
$592.9M
Q2 24
$504.3M
$553.2M
Q1 24
$495.1M
$525.0M
Net Profit
MD
MD
ZS
ZS
Q4 25
$33.7M
$-11.6M
Q3 25
$71.7M
$-17.6M
Q2 25
$39.3M
$-4.1M
Q1 25
$20.7M
$-7.7M
Q4 24
$30.5M
$-12.1M
Q3 24
$19.4M
$-14.9M
Q2 24
$-153.0M
$19.1M
Q1 24
$4.0M
$-28.5M
Gross Margin
MD
MD
ZS
ZS
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%
Operating Margin
MD
MD
ZS
ZS
Q4 25
9.9%
-4.6%
Q3 25
13.8%
-4.5%
Q2 25
12.8%
-3.7%
Q1 25
7.0%
-6.2%
Q4 24
7.8%
-4.9%
Q3 24
6.6%
-4.5%
Q2 24
-31.3%
-0.5%
Q1 24
3.2%
-8.7%
Net Margin
MD
MD
ZS
ZS
Q4 25
6.8%
-1.5%
Q3 25
14.5%
-2.4%
Q2 25
8.4%
-0.6%
Q1 25
4.5%
-1.2%
Q4 24
6.1%
-1.9%
Q3 24
3.8%
-2.5%
Q2 24
-30.3%
3.5%
Q1 24
0.8%
-5.4%
EPS (diluted)
MD
MD
ZS
ZS
Q4 25
$0.40
$-0.07
Q3 25
$0.84
$-0.11
Q2 25
$0.46
$-0.03
Q1 25
$0.24
$-0.05
Q4 24
$0.37
$-0.08
Q3 24
$0.23
$-0.09
Q2 24
$-1.84
$0.12
Q1 24
$0.05
$-0.19

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MD
MD
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$375.2M
$1.3B
Total DebtLower is stronger
$570.5M
Stockholders' EquityBook value
$865.9M
$2.0B
Total Assets
$2.2B
$6.5B
Debt / EquityLower = less leverage
0.66×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MD
MD
ZS
ZS
Q4 25
$375.2M
$1.3B
Q3 25
$340.1M
$2.4B
Q2 25
$224.7M
$2.0B
Q1 25
$99.0M
$1.8B
Q4 24
$229.9M
$1.6B
Q3 24
$103.8M
$1.4B
Q2 24
$19.4M
$1.3B
Q1 24
$8.0M
$1.4B
Total Debt
MD
MD
ZS
ZS
Q4 25
$570.5M
Q3 25
$577.2M
Q2 25
$583.9M
$1.1B
Q1 25
$590.5M
$1.1B
Q4 24
$597.1M
$1.1B
Q3 24
$1.1B
Q2 24
$1.1B
Q1 24
$1.1B
Stockholders' Equity
MD
MD
ZS
ZS
Q4 25
$865.9M
$2.0B
Q3 25
$890.7M
$1.8B
Q2 25
$833.8M
$1.8B
Q1 25
$789.2M
$1.6B
Q4 24
$764.9M
$1.4B
Q3 24
$732.5M
$1.3B
Q2 24
$706.5M
$1.1B
Q1 24
$856.2M
$958.9M
Total Assets
MD
MD
ZS
ZS
Q4 25
$2.2B
$6.5B
Q3 25
$2.2B
$6.4B
Q2 25
$2.1B
$5.3B
Q1 25
$2.0B
$5.0B
Q4 24
$2.2B
$4.7B
Q3 24
$2.1B
$4.7B
Q2 24
$2.0B
$4.2B
Q1 24
$2.2B
$3.9B
Debt / Equity
MD
MD
ZS
ZS
Q4 25
0.66×
Q3 25
0.65×
Q2 25
0.70×
0.64×
Q1 25
0.75×
0.71×
Q4 24
0.78×
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
MD
MD
ZS
ZS
Operating Cash FlowLast quarter
$114.1M
$448.3M
Free Cash FlowOCF − Capex
$431.0M
FCF MarginFCF / Revenue
54.7%
Capex IntensityCapex / Revenue
2.2%
Cash ConversionOCF / Net Profit
3.39×
TTM Free Cash FlowTrailing 4 quarters
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MD
MD
ZS
ZS
Q4 25
$114.1M
$448.3M
Q3 25
$137.3M
$250.6M
Q2 25
$137.2M
$211.1M
Q1 25
$-117.5M
$179.4M
Q4 24
$133.0M
$331.3M
Q3 24
$91.8M
$203.6M
Q2 24
$107.0M
$173.4M
Q1 24
$-125.2M
$142.1M
Free Cash Flow
MD
MD
ZS
ZS
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
FCF Margin
MD
MD
ZS
ZS
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%
Capex Intensity
MD
MD
ZS
ZS
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%
Cash Conversion
MD
MD
ZS
ZS
Q4 25
3.39×
Q3 25
1.91×
Q2 25
3.49×
Q1 25
-5.66×
Q4 24
4.36×
Q3 24
4.72×
Q2 24
9.07×
Q1 24
-31.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

MD
MD

Health Care Patient Service$421.6M85%
Hospitals Contracts$70.0M14%
Other$2.2M0%

ZS
ZS

Segment breakdown not available.

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