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Side-by-side financial comparison of MIND CTI LTD (MNDO) 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 $4.9M, roughly 161.3× MIND CTI LTD). MIND CTI LTD runs the higher net margin — 19.4% vs -1.5%, a 20.9% gap on every dollar of revenue. Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $4.0M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -45.1%).
MIND CTI Ltd. is a global provider of billing and customer care solutions and messaging services for voice, data, video and content services. Headquartered in Yokneam, Israel; the company also has offices in the United States of America, Iaşi in Romania and in Germany.
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.
MNDO vs ZS — Head-to-Head
Income Statement — Q4 2025 vs Q1 2026
| Metric | | |
|---|---|---|
| Revenue | $4.9M | $788.1M |
| Net Profit | $950.0K | $-11.6M |
| Gross Margin | 55.4% | 76.6% |
| Operating Margin | 16.5% | -4.6% |
| Net Margin | 19.4% | -1.5% |
| Revenue YoY | — | 25.5% |
| Net Profit YoY | — | 3.6% |
| EPS (diluted) | $0.05 | $-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 | $4.9M | $788.1M | ||
| Q3 25 | $16.2M | $719.2M | ||
| Q2 25 | $11.0M | $678.0M | ||
| Q1 25 | — | $647.9M | ||
| Q4 24 | $5.2M | $628.0M | ||
| Q3 24 | $16.0M | $592.9M | ||
| Q2 24 | $10.7M | $553.2M | ||
| Q1 24 | — | $525.0M |
| Q4 25 | $950.0K | $-11.6M | ||
| Q3 25 | $3.4M | $-17.6M | ||
| Q2 25 | $2.5M | $-4.1M | ||
| Q1 25 | — | $-7.7M | ||
| Q4 24 | $1.2M | $-12.1M | ||
| Q3 24 | $3.7M | $-14.9M | ||
| Q2 24 | $2.5M | $19.1M | ||
| Q1 24 | — | $-28.5M |
| Q4 25 | 55.4% | 76.6% | ||
| Q3 25 | 48.3% | 76.1% | ||
| Q2 25 | 50.6% | 77.0% | ||
| Q1 25 | — | 77.1% | ||
| Q4 24 | 55.6% | 77.5% | ||
| Q3 24 | 50.6% | 78.0% | ||
| Q2 24 | 50.4% | 78.6% | ||
| Q1 24 | — | 77.7% |
| Q4 25 | 16.5% | -4.6% | ||
| Q3 25 | 18.8% | -4.5% | ||
| Q2 25 | 21.0% | -3.7% | ||
| Q1 25 | — | -6.2% | ||
| Q4 24 | 25.4% | -4.9% | ||
| Q3 24 | 22.5% | -4.5% | ||
| Q2 24 | 22.2% | -0.5% | ||
| Q1 24 | — | -8.7% |
| Q4 25 | 19.4% | -1.5% | ||
| Q3 25 | 20.9% | -2.4% | ||
| Q2 25 | 22.3% | -0.6% | ||
| Q1 25 | — | -1.2% | ||
| Q4 24 | 23.8% | -1.9% | ||
| Q3 24 | 23.3% | -2.5% | ||
| Q2 24 | 23.1% | 3.5% | ||
| Q1 24 | — | -5.4% |
| Q4 25 | $0.05 | $-0.07 | ||
| Q3 25 | $0.16 | $-0.11 | ||
| Q2 25 | $0.12 | $-0.03 | ||
| Q1 25 | — | $-0.05 | ||
| Q4 24 | $0.06 | $-0.08 | ||
| Q3 24 | $0.18 | $-0.09 | ||
| Q2 24 | $0.12 | $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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.3M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $23.0M | $2.0B |
| Total Assets | $30.2M | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.3M | $1.3B | ||
| Q3 25 | $4.5M | $2.4B | ||
| Q2 25 | $4.5M | $2.0B | ||
| Q1 25 | — | $1.8B | ||
| Q4 24 | $4.6M | $1.6B | ||
| Q3 24 | $3.0M | $1.4B | ||
| Q2 24 | $3.0M | $1.3B | ||
| Q1 24 | — | $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 | $23.0M | $2.0B | ||
| Q3 25 | $24.3M | $1.8B | ||
| Q2 25 | $24.3M | $1.8B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | $24.3M | $1.4B | ||
| Q3 24 | $24.5M | $1.3B | ||
| Q2 24 | $24.5M | $1.1B | ||
| Q1 24 | — | $958.9M |
| Q4 25 | $30.2M | $6.5B | ||
| Q3 25 | $30.7M | $6.4B | ||
| Q2 25 | $30.7M | $5.3B | ||
| Q1 25 | — | $5.0B | ||
| Q4 24 | $30.7M | $4.7B | ||
| Q3 24 | $31.6M | $4.7B | ||
| Q2 24 | $31.6M | $4.2B | ||
| Q1 24 | — | $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 | $4.0M | $448.3M |
| Free Cash FlowOCF − Capex | $4.0M | $431.0M |
| FCF MarginFCF / Revenue | 81.0% | 54.7% |
| Capex IntensityCapex / Revenue | 0.6% | 2.2% |
| Cash ConversionOCF / Net Profit | 4.20× | — |
| TTM Free Cash FlowTrailing 4 quarters | $14.7M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $4.0M | $448.3M | ||
| Q3 25 | $3.8M | $250.6M | ||
| Q2 25 | $2.9M | $211.1M | ||
| Q1 25 | — | $179.4M | ||
| Q4 24 | $4.1M | $331.3M | ||
| Q3 24 | $3.4M | $203.6M | ||
| Q2 24 | $2.4M | $173.4M | ||
| Q1 24 | — | $142.1M |
| Q4 25 | $4.0M | $431.0M | ||
| Q3 25 | $3.8M | $190.6M | ||
| Q2 25 | $2.9M | $138.9M | ||
| Q1 25 | — | $164.4M | ||
| Q4 24 | $4.1M | $314.3M | ||
| Q3 24 | $3.3M | $154.2M | ||
| Q2 24 | $2.4M | $137.8M | ||
| Q1 24 | — | $111.2M |
| Q4 25 | 81.0% | 54.7% | ||
| Q3 25 | 23.4% | 26.5% | ||
| Q2 25 | 25.8% | 20.5% | ||
| Q1 25 | — | 25.4% | ||
| Q4 24 | 78.9% | 50.1% | ||
| Q3 24 | 20.8% | 26.0% | ||
| Q2 24 | 22.1% | 24.9% | ||
| Q1 24 | — | 21.2% |
| Q4 25 | 0.6% | 2.2% | ||
| Q3 25 | 0.0% | 8.3% | ||
| Q2 25 | 0.0% | 10.6% | ||
| Q1 25 | — | 2.3% | ||
| Q4 24 | 0.2% | 2.7% | ||
| Q3 24 | 0.3% | 8.3% | ||
| Q2 24 | 0.4% | 6.4% | ||
| Q1 24 | — | 5.9% |
| Q4 25 | 4.20× | — | ||
| Q3 25 | 1.12× | — | ||
| Q2 25 | 1.16× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.32× | — | ||
| Q3 24 | 0.91× | — | ||
| Q2 24 | 0.97× | 9.07× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
