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Side-by-side financial comparison of Primerica, Inc. (PRI) and Zscaler, Inc. (ZS). Click either name above to swap in a different company.
Primerica, Inc. is the larger business by last-quarter revenue ($853.7M vs $788.1M, roughly 1.1× Zscaler, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs -1.5%, a 24.6% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 11.0%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 7.2%).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
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.
PRI vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $788.1M |
| Net Profit | $197.0M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | 28.9% | -4.6% |
| Net Margin | 23.1% | -1.5% |
| Revenue YoY | 11.0% | 25.5% |
| Net Profit YoY | 17.9% | 3.6% |
| EPS (diluted) | $6.11 | $-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 | $853.7M | $788.1M | ||
| Q3 25 | $839.9M | $719.2M | ||
| Q2 25 | $793.3M | $678.0M | ||
| Q1 25 | $804.8M | $647.9M | ||
| Q4 24 | $768.8M | $628.0M | ||
| Q3 24 | $774.1M | $592.9M | ||
| Q2 24 | $803.4M | $553.2M | ||
| Q1 24 | $742.8M | $525.0M |
| Q4 25 | $197.0M | $-11.6M | ||
| Q3 25 | $206.8M | $-17.6M | ||
| Q2 25 | $178.3M | $-4.1M | ||
| Q1 25 | $169.1M | $-7.7M | ||
| Q4 24 | $167.1M | $-12.1M | ||
| Q3 24 | $164.4M | $-14.9M | ||
| Q2 24 | $1.2M | $19.1M | ||
| Q1 24 | $137.9M | $-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 | 98.0% | 78.6% | ||
| Q1 24 | 98.2% | 77.7% |
| Q4 25 | 28.9% | -4.6% | ||
| Q3 25 | 32.3% | -4.5% | ||
| Q2 25 | 29.6% | -3.7% | ||
| Q1 25 | 27.5% | -6.2% | ||
| Q4 24 | 64.7% | -4.9% | ||
| Q3 24 | 32.9% | -4.5% | ||
| Q2 24 | 1.0% | -0.5% | ||
| Q1 24 | 24.1% | -8.7% |
| Q4 25 | 23.1% | -1.5% | ||
| Q3 25 | 24.6% | -2.4% | ||
| Q2 25 | 22.5% | -0.6% | ||
| Q1 25 | 21.0% | -1.2% | ||
| Q4 24 | 21.7% | -1.9% | ||
| Q3 24 | 21.2% | -2.5% | ||
| Q2 24 | 0.1% | 3.5% | ||
| Q1 24 | 18.6% | -5.4% |
| Q4 25 | $6.11 | $-0.07 | ||
| Q3 25 | $6.35 | $-0.11 | ||
| Q2 25 | $5.40 | $-0.03 | ||
| Q1 25 | $5.05 | $-0.05 | ||
| Q4 24 | $4.92 | $-0.08 | ||
| Q3 24 | $4.83 | $-0.09 | ||
| Q2 24 | $0.03 | $0.12 | ||
| Q1 24 | $3.93 | $-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 | $756.2M | $1.3B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $2.0B |
| Total Assets | $15.0B | $6.5B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $756.2M | $1.3B | ||
| Q3 25 | $644.9M | $2.4B | ||
| Q2 25 | $621.2M | $2.0B | ||
| Q1 25 | $625.1M | $1.8B | ||
| Q4 24 | $687.8M | $1.6B | ||
| Q3 24 | $550.1M | $1.4B | ||
| Q2 24 | $627.3M | $1.3B | ||
| Q1 24 | $593.4M | $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 | $2.4B | $2.0B | ||
| Q3 25 | $2.3B | $1.8B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.3B | $1.6B | ||
| Q4 24 | $2.3B | $1.4B | ||
| Q3 24 | $1.9B | $1.3B | ||
| Q2 24 | $2.1B | $1.1B | ||
| Q1 24 | $2.2B | $958.9M |
| Q4 25 | $15.0B | $6.5B | ||
| Q3 25 | $14.8B | $6.4B | ||
| Q2 25 | $14.8B | $5.3B | ||
| Q1 25 | $14.6B | $5.0B | ||
| Q4 24 | $14.6B | $4.7B | ||
| Q3 24 | $14.8B | $4.7B | ||
| Q2 24 | $14.6B | $4.2B | ||
| Q1 24 | $14.9B | $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 | $338.2M | $448.3M |
| Free Cash FlowOCF − Capex | — | $431.0M |
| FCF MarginFCF / Revenue | — | 54.7% |
| Capex IntensityCapex / Revenue | — | 2.2% |
| Cash ConversionOCF / Net Profit | 1.72× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.2M | $448.3M | ||
| Q3 25 | $202.9M | $250.6M | ||
| Q2 25 | $162.6M | $211.1M | ||
| Q1 25 | $197.5M | $179.4M | ||
| Q4 24 | $270.6M | $331.3M | ||
| Q3 24 | $207.3M | $203.6M | ||
| Q2 24 | $173.3M | $173.4M | ||
| Q1 24 | $210.9M | $142.1M |
| 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 |
| 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% |
| 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% |
| Q4 25 | 1.72× | — | ||
| Q3 25 | 0.98× | — | ||
| Q2 25 | 0.91× | — | ||
| Q1 25 | 1.17× | — | ||
| Q4 24 | 1.62× | — | ||
| Q3 24 | 1.26× | — | ||
| Q2 24 | 147.98× | 9.07× | ||
| Q1 24 | 1.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
ZS
Segment breakdown not available.
