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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) 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 $629.0M, roughly 1.3× Park Hotels & Resorts Inc.). Zscaler, Inc. runs the higher net margin — -1.5% vs -32.6%, a 31.1% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 0.6%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-3.0M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -0.8%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
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.
PK vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $629.0M | $788.1M |
| Net Profit | $-205.0M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | -26.1% | -4.6% |
| Net Margin | -32.6% | -1.5% |
| Revenue YoY | 0.6% | 25.5% |
| Net Profit YoY | -410.6% | 3.6% |
| EPS (diluted) | $-1.04 | $-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 | $629.0M | $788.1M | ||
| Q3 25 | $610.0M | $719.2M | ||
| Q2 25 | $672.0M | $678.0M | ||
| Q1 25 | $630.0M | $647.9M | ||
| Q4 24 | $625.0M | $628.0M | ||
| Q3 24 | $649.0M | $592.9M | ||
| Q2 24 | $686.0M | $553.2M | ||
| Q1 24 | $639.0M | $525.0M |
| Q4 25 | $-205.0M | $-11.6M | ||
| Q3 25 | $-16.0M | $-17.6M | ||
| Q2 25 | $-5.0M | $-4.1M | ||
| Q1 25 | $-57.0M | $-7.7M | ||
| Q4 24 | $66.0M | $-12.1M | ||
| Q3 24 | $54.0M | $-14.9M | ||
| Q2 24 | $64.0M | $19.1M | ||
| Q1 24 | $28.0M | $-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 | -26.1% | -4.6% | ||
| Q3 25 | 9.7% | -4.5% | ||
| Q2 25 | 9.7% | -3.7% | ||
| Q1 25 | 1.1% | -6.2% | ||
| Q4 24 | 13.3% | -4.9% | ||
| Q3 24 | 14.6% | -4.5% | ||
| Q2 24 | 17.6% | -0.5% | ||
| Q1 24 | 14.4% | -8.7% |
| Q4 25 | -32.6% | -1.5% | ||
| Q3 25 | -2.6% | -2.4% | ||
| Q2 25 | -0.7% | -0.6% | ||
| Q1 25 | -9.0% | -1.2% | ||
| Q4 24 | 10.6% | -1.9% | ||
| Q3 24 | 8.3% | -2.5% | ||
| Q2 24 | 9.3% | 3.5% | ||
| Q1 24 | 4.4% | -5.4% |
| Q4 25 | $-1.04 | $-0.07 | ||
| Q3 25 | $-0.08 | $-0.11 | ||
| Q2 25 | $-0.02 | $-0.03 | ||
| Q1 25 | $-0.29 | $-0.05 | ||
| Q4 24 | $0.32 | $-0.08 | ||
| Q3 24 | $0.26 | $-0.09 | ||
| Q2 24 | $0.30 | $0.12 | ||
| Q1 24 | $0.13 | $-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 | $232.0M | $1.3B |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $3.1B | $2.0B |
| Total Assets | $7.7B | $6.5B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.0M | $1.3B | ||
| Q3 25 | $278.0M | $2.4B | ||
| Q2 25 | $319.0M | $2.0B | ||
| Q1 25 | $233.0M | $1.8B | ||
| Q4 24 | $402.0M | $1.6B | ||
| Q3 24 | $480.0M | $1.4B | ||
| Q2 24 | $449.0M | $1.3B | ||
| Q1 24 | $378.0M | $1.4B |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | $1.1B | ||
| Q1 25 | $3.9B | $1.1B | ||
| Q4 24 | $3.9B | $1.1B | ||
| Q3 24 | $3.9B | $1.1B | ||
| Q2 24 | $3.9B | $1.1B | ||
| Q1 24 | $3.8B | $1.1B |
| Q4 25 | $3.1B | $2.0B | ||
| Q3 25 | $3.4B | $1.8B | ||
| Q2 25 | $3.4B | $1.8B | ||
| Q1 25 | $3.5B | $1.6B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.8B | $1.3B | ||
| Q2 24 | $3.8B | $1.1B | ||
| Q1 24 | $3.8B | $958.9M |
| Q4 25 | $7.7B | $6.5B | ||
| Q3 25 | $8.8B | $6.4B | ||
| Q2 25 | $8.9B | $5.3B | ||
| Q1 25 | $8.9B | $5.0B | ||
| Q4 24 | $9.2B | $4.7B | ||
| Q3 24 | $9.2B | $4.7B | ||
| Q2 24 | $9.2B | $4.2B | ||
| Q1 24 | $9.1B | $3.9B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | 0.64× | ||
| Q1 25 | 1.11× | 0.71× | ||
| Q4 24 | 1.06× | 0.80× | ||
| Q3 24 | 1.03× | 0.90× | ||
| Q2 24 | 1.03× | 1.04× | ||
| Q1 24 | 1.00× | 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 | $105.0M | $448.3M |
| Free Cash FlowOCF − Capex | $-3.0M | $431.0M |
| FCF MarginFCF / Revenue | -0.5% | 54.7% |
| Capex IntensityCapex / Revenue | 17.2% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.0M | $448.3M | ||
| Q3 25 | $99.0M | $250.6M | ||
| Q2 25 | $108.0M | $211.1M | ||
| Q1 25 | $86.0M | $179.4M | ||
| Q4 24 | $80.0M | $331.3M | ||
| Q3 24 | $140.0M | $203.6M | ||
| Q2 24 | $117.0M | $173.4M | ||
| Q1 24 | $92.0M | $142.1M |
| Q4 25 | $-3.0M | $431.0M | ||
| Q3 25 | $31.0M | $190.6M | ||
| Q2 25 | $65.0M | $138.9M | ||
| Q1 25 | $9.0M | $164.4M | ||
| Q4 24 | $17.0M | $314.3M | ||
| Q3 24 | $97.0M | $154.2M | ||
| Q2 24 | $66.0M | $137.8M | ||
| Q1 24 | $22.0M | $111.2M |
| Q4 25 | -0.5% | 54.7% | ||
| Q3 25 | 5.1% | 26.5% | ||
| Q2 25 | 9.7% | 20.5% | ||
| Q1 25 | 1.4% | 25.4% | ||
| Q4 24 | 2.7% | 50.1% | ||
| Q3 24 | 14.9% | 26.0% | ||
| Q2 24 | 9.6% | 24.9% | ||
| Q1 24 | 3.4% | 21.2% |
| Q4 25 | 17.2% | 2.2% | ||
| Q3 25 | 11.1% | 8.3% | ||
| Q2 25 | 6.4% | 10.6% | ||
| Q1 25 | 12.2% | 2.3% | ||
| Q4 24 | 10.1% | 2.7% | ||
| Q3 24 | 6.6% | 8.3% | ||
| Q2 24 | 7.4% | 6.4% | ||
| Q1 24 | 11.0% | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 1.83× | 9.07× | ||
| Q1 24 | 3.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
ZS
Segment breakdown not available.
