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Side-by-side financial comparison of Noble Corp plc (NE) 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 $764.4M, roughly 1.0× Noble Corp plc). Noble Corp plc runs the higher net margin — 11.3% vs -1.5%, a 12.8% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -17.6%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $35.4M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 9.5%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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.
NE vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $788.1M |
| Net Profit | $86.6M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | 5.6% | -4.6% |
| Net Margin | 11.3% | -1.5% |
| Revenue YoY | -17.6% | 25.5% |
| Net Profit YoY | -10.4% | 3.6% |
| EPS (diluted) | $0.54 | $-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 | $764.4M | $788.1M | ||
| Q3 25 | $798.0M | $719.2M | ||
| Q2 25 | $848.7M | $678.0M | ||
| Q1 25 | $874.5M | $647.9M | ||
| Q4 24 | $927.3M | $628.0M | ||
| Q3 24 | $800.5M | $592.9M | ||
| Q2 24 | $692.8M | $553.2M | ||
| Q1 24 | $637.1M | $525.0M |
| Q4 25 | $86.6M | $-11.6M | ||
| Q3 25 | $-21.1M | $-17.6M | ||
| Q2 25 | $42.9M | $-4.1M | ||
| Q1 25 | $108.3M | $-7.7M | ||
| Q4 24 | $96.6M | $-12.1M | ||
| Q3 24 | $61.2M | $-14.9M | ||
| Q2 24 | $195.0M | $19.1M | ||
| Q1 24 | $95.5M | $-28.5M |
| 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% |
| Q4 25 | 5.6% | -4.6% | ||
| Q3 25 | 6.3% | -4.5% | ||
| Q2 25 | 15.9% | -3.7% | ||
| Q1 25 | 21.4% | -6.2% | ||
| Q4 24 | 18.4% | -4.9% | ||
| Q3 24 | 14.4% | -4.5% | ||
| Q2 24 | 30.3% | -0.5% | ||
| Q1 24 | 16.9% | -8.7% |
| Q4 25 | 11.3% | -1.5% | ||
| Q3 25 | -2.6% | -2.4% | ||
| Q2 25 | 5.1% | -0.6% | ||
| Q1 25 | 12.4% | -1.2% | ||
| Q4 24 | 10.4% | -1.9% | ||
| Q3 24 | 7.6% | -2.5% | ||
| Q2 24 | 28.1% | 3.5% | ||
| Q1 24 | 15.0% | -5.4% |
| Q4 25 | $0.54 | $-0.07 | ||
| Q3 25 | $-0.13 | $-0.11 | ||
| Q2 25 | $0.27 | $-0.03 | ||
| Q1 25 | $0.67 | $-0.05 | ||
| Q4 24 | $0.56 | $-0.08 | ||
| Q3 24 | $0.40 | $-0.09 | ||
| Q2 24 | $1.34 | $0.12 | ||
| Q1 24 | $0.66 | $-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 | $471.4M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $4.5B | $2.0B |
| Total Assets | $7.5B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | $1.3B | ||
| Q3 25 | $477.9M | $2.4B | ||
| Q2 25 | $338.2M | $2.0B | ||
| Q1 25 | $303.8M | $1.8B | ||
| Q4 24 | $247.3M | $1.6B | ||
| Q3 24 | $391.9M | $1.4B | ||
| Q2 24 | $162.9M | $1.3B | ||
| Q1 24 | $212.5M | $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 | $4.5B | $2.0B | ||
| Q3 25 | $4.5B | $1.8B | ||
| Q2 25 | $4.6B | $1.8B | ||
| Q1 25 | $4.7B | $1.6B | ||
| Q4 24 | $4.7B | $1.4B | ||
| Q3 24 | $4.7B | $1.3B | ||
| Q2 24 | $4.0B | $1.1B | ||
| Q1 24 | $3.9B | $958.9M |
| Q4 25 | $7.5B | $6.5B | ||
| Q3 25 | $7.6B | $6.4B | ||
| Q2 25 | $7.7B | $5.3B | ||
| Q1 25 | $7.9B | $5.0B | ||
| Q4 24 | $8.0B | $4.7B | ||
| Q3 24 | $8.0B | $4.7B | ||
| Q2 24 | $5.6B | $4.2B | ||
| Q1 24 | $5.4B | $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 | $187.1M | $448.3M |
| Free Cash FlowOCF − Capex | $35.4M | $431.0M |
| FCF MarginFCF / Revenue | 4.6% | 54.7% |
| Capex IntensityCapex / Revenue | 19.9% | 2.2% |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $448.3M | ||
| Q3 25 | $277.1M | $250.6M | ||
| Q2 25 | $216.4M | $211.1M | ||
| Q1 25 | $271.1M | $179.4M | ||
| Q4 24 | $136.2M | $331.3M | ||
| Q3 24 | $283.8M | $203.6M | ||
| Q2 24 | $106.8M | $173.4M | ||
| Q1 24 | $128.7M | $142.1M |
| Q4 25 | $35.4M | $431.0M | ||
| Q3 25 | $139.5M | $190.6M | ||
| Q2 25 | $99.8M | $138.9M | ||
| Q1 25 | $157.5M | $164.4M | ||
| Q4 24 | $-4.4M | $314.3M | ||
| Q3 24 | $156.8M | $154.2M | ||
| Q2 24 | $-34.3M | $137.8M | ||
| Q1 24 | $-37.9M | $111.2M |
| Q4 25 | 4.6% | 54.7% | ||
| Q3 25 | 17.5% | 26.5% | ||
| Q2 25 | 11.8% | 20.5% | ||
| Q1 25 | 18.0% | 25.4% | ||
| Q4 24 | -0.5% | 50.1% | ||
| Q3 24 | 19.6% | 26.0% | ||
| Q2 24 | -4.9% | 24.9% | ||
| Q1 24 | -6.0% | 21.2% |
| Q4 25 | 19.9% | 2.2% | ||
| Q3 25 | 17.3% | 8.3% | ||
| Q2 25 | 13.7% | 10.6% | ||
| Q1 25 | 13.0% | 2.3% | ||
| Q4 24 | 15.2% | 2.7% | ||
| Q3 24 | 15.9% | 8.3% | ||
| Q2 24 | 20.4% | 6.4% | ||
| Q1 24 | 26.2% | 5.9% |
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | — | ||
| Q2 24 | 0.55× | 9.07× | ||
| Q1 24 | 1.35× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
ZS
Segment breakdown not available.
