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Side-by-side financial comparison of mF International Ltd (MFI) 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 $1.9M, roughly 410.5× mF International Ltd). Zscaler, Inc. runs the higher net margin — -1.5% vs -90.9%, a 89.4% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 20.2%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-339.2K).

MF Global Holdings Ltd., formerly known as Man Financial, was a major global financial derivatives broker, or commodities brokerage firm that went bankrupt in 2011. MF Global provided exchange-traded derivatives, such as futures and options as well as over-the-counter products such as contracts for difference (CFDs), foreign exchange and spread betting. MF Global Inc., its broker-dealer subsidiary, was a primary dealer in United States Treasury securities. A series of perceived liquidity prob...

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.

MFI vs ZS — Head-to-Head

Bigger by revenue
ZS
ZS
410.5× larger
ZS
$788.1M
$1.9M
MFI
Growing faster (revenue YoY)
ZS
ZS
+5.3% gap
ZS
25.5%
20.2%
MFI
Higher net margin
ZS
ZS
89.4% more per $
ZS
-1.5%
-90.9%
MFI
More free cash flow
ZS
ZS
$431.3M more FCF
ZS
$431.0M
$-339.2K
MFI

Income Statement — Q2 2025 vs Q1 2026

Metric
MFI
MFI
ZS
ZS
Revenue
$1.9M
$788.1M
Net Profit
$-1.7M
$-11.6M
Gross Margin
35.5%
76.6%
Operating Margin
-93.4%
-4.6%
Net Margin
-90.9%
-1.5%
Revenue YoY
20.2%
25.5%
Net Profit YoY
-145.6%
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.

Revenue
MFI
MFI
ZS
ZS
Q4 25
$788.1M
Q3 25
$719.2M
Q2 25
$1.9M
$678.0M
Q1 25
$647.9M
Q4 24
$628.0M
Q3 24
$592.9M
Q2 24
$1.6M
$553.2M
Q1 24
$525.0M
Net Profit
MFI
MFI
ZS
ZS
Q4 25
$-11.6M
Q3 25
$-17.6M
Q2 25
$-1.7M
$-4.1M
Q1 25
$-7.7M
Q4 24
$-12.1M
Q3 24
$-14.9M
Q2 24
$-710.3K
$19.1M
Q1 24
$-28.5M
Gross Margin
MFI
MFI
ZS
ZS
Q4 25
76.6%
Q3 25
76.1%
Q2 25
35.5%
77.0%
Q1 25
77.1%
Q4 24
77.5%
Q3 24
78.0%
Q2 24
42.4%
78.6%
Q1 24
77.7%
Operating Margin
MFI
MFI
ZS
ZS
Q4 25
-4.6%
Q3 25
-4.5%
Q2 25
-93.4%
-3.7%
Q1 25
-6.2%
Q4 24
-4.9%
Q3 24
-4.5%
Q2 24
-50.7%
-0.5%
Q1 24
-8.7%
Net Margin
MFI
MFI
ZS
ZS
Q4 25
-1.5%
Q3 25
-2.4%
Q2 25
-90.9%
-0.6%
Q1 25
-1.2%
Q4 24
-1.9%
Q3 24
-2.5%
Q2 24
-44.5%
3.5%
Q1 24
-5.4%
EPS (diluted)
MFI
MFI
ZS
ZS
Q4 25
$-0.07
Q3 25
$-0.11
Q2 25
$-0.03
Q1 25
$-0.05
Q4 24
$-0.08
Q3 24
$-0.09
Q2 24
$-0.06
$0.12
Q1 24
$-0.19

Balance Sheet & Financial Strength

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

Metric
MFI
MFI
ZS
ZS
Cash + ST InvestmentsLiquidity on hand
$1.6M
$1.3B
Total DebtLower is stronger
$518.6K
Stockholders' EquityBook value
$2.8M
$2.0B
Total Assets
$5.6M
$6.5B
Debt / EquityLower = less leverage
0.18×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MFI
MFI
ZS
ZS
Q4 25
$1.3B
Q3 25
$2.4B
Q2 25
$1.6M
$2.0B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
$1.4B
Q2 24
$3.9M
$1.3B
Q1 24
$1.4B
Total Debt
MFI
MFI
ZS
ZS
Q4 25
Q3 25
Q2 25
$518.6K
$1.1B
Q1 25
$1.1B
Q4 24
$1.1B
Q3 24
$1.1B
Q2 24
$1.0M
$1.1B
Q1 24
$1.1B
Stockholders' Equity
MFI
MFI
ZS
ZS
Q4 25
$2.0B
Q3 25
$1.8B
Q2 25
$2.8M
$1.8B
Q1 25
$1.6B
Q4 24
$1.4B
Q3 24
$1.3B
Q2 24
$6.5M
$1.1B
Q1 24
$958.9M
Total Assets
MFI
MFI
ZS
ZS
Q4 25
$6.5B
Q3 25
$6.4B
Q2 25
$5.6M
$5.3B
Q1 25
$5.0B
Q4 24
$4.7B
Q3 24
$4.7B
Q2 24
$9.3M
$4.2B
Q1 24
$3.9B
Debt / Equity
MFI
MFI
ZS
ZS
Q4 25
Q3 25
Q2 25
0.18×
0.64×
Q1 25
0.71×
Q4 24
0.80×
Q3 24
0.90×
Q2 24
0.16×
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
MFI
MFI
ZS
ZS
Operating Cash FlowLast quarter
$-335.3K
$448.3M
Free Cash FlowOCF − Capex
$-339.2K
$431.0M
FCF MarginFCF / Revenue
-17.7%
54.7%
Capex IntensityCapex / Revenue
0.2%
2.2%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters
$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
MFI
MFI
ZS
ZS
Q4 25
$448.3M
Q3 25
$250.6M
Q2 25
$-335.3K
$211.1M
Q1 25
$179.4M
Q4 24
$331.3M
Q3 24
$203.6M
Q2 24
$-2.3M
$173.4M
Q1 24
$142.1M
Free Cash Flow
MFI
MFI
ZS
ZS
Q4 25
$431.0M
Q3 25
$190.6M
Q2 25
$-339.2K
$138.9M
Q1 25
$164.4M
Q4 24
$314.3M
Q3 24
$154.2M
Q2 24
$-2.3M
$137.8M
Q1 24
$111.2M
FCF Margin
MFI
MFI
ZS
ZS
Q4 25
54.7%
Q3 25
26.5%
Q2 25
-17.7%
20.5%
Q1 25
25.4%
Q4 24
50.1%
Q3 24
26.0%
Q2 24
-142.0%
24.9%
Q1 24
21.2%
Capex Intensity
MFI
MFI
ZS
ZS
Q4 25
2.2%
Q3 25
8.3%
Q2 25
0.2%
10.6%
Q1 25
2.3%
Q4 24
2.7%
Q3 24
8.3%
Q2 24
0.1%
6.4%
Q1 24
5.9%
Cash Conversion
MFI
MFI
ZS
ZS
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
9.07×
Q1 24

Financial Flow Comparison

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

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