How do Regency Centers and Zscaler, Inc. compare by revenue?

Regency Centers reported revenue of $404.2M in Q4 FY2025, while Zscaler, Inc. reported $788.1M in Q1 FY2026. Zscaler, Inc. is 1.9× larger by last-quarter revenue.

Which is growing revenue faster, Regency Centers or Zscaler, Inc.?

Regency Centers's latest revenue grew 8.5% year-over-year, versus 25.5% for Zscaler, Inc.. Zscaler, Inc. is growing faster on a YoY basis.

Which has a higher net margin, Regency Centers or Zscaler, Inc.?

Regency Centers's net margin is 50.1% vs Zscaler, Inc.'s -1.5%. Regency Centers has the higher bottom-line margin.

What is the 2-year revenue CAGR for Regency Centers vs Zscaler, Inc.?

Over the trailing 8 quarters, Regency Centers compounded revenue at roughly 5.4% per year, versus 22.5% for Zscaler, Inc.. Zscaler, Inc. has the faster medium-term growth trajectory.

Where does this REG vs ZS data come from?

All figures are parsed directly from SEC EDGAR 10-Q / 10-K / 20-F / 6-K filings (for US-listed issuers) or EDINET filings (for Japanese issuers), then normalised into a common schema. Numbers update automatically as new filings are released.

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Side-by-side financial comparison of Regency Centers (REG) 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 $404.2M, roughly 1.9× Regency Centers). Regency Centers runs the higher net margin — 50.1% vs -1.5%, a 51.6% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs 8.5%). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs 5.4%).

Regency CentersREGEarnings & Financial Report

Nasdaq · Real Estate · Retail REITs

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

Zscaler, Inc.ZSEarnings & Financial Report

Nasdaq · Information Technology · Services-Computer Programming Services

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.

REG vs ZS — Head-to-Head

Bigger by revenue

1.9× larger

$788.1M

$404.2M

Growing faster (revenue YoY)

+17.0% gap

25.5%

8.5%

Higher net margin

REG

51.6% more per $

50.1%

-1.5%

Faster 2-yr revenue CAGR

Annualised

22.5%

5.4%

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric	REG	ZS
Revenue	$404.2M	$788.1M
Net Profit	$202.5M	$-11.6M
Gross Margin	—	76.6%
Operating Margin	71.0%	-4.6%
Net Margin	50.1%	-1.5%
Revenue YoY	8.5%	25.5%
Net Profit YoY	134.1%	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

REG

Q4 25	$404.2M	$788.1M
Q3 25	$387.6M	$719.2M
Q2 25	$380.8M	$678.0M
Q1 25	$380.9M	$647.9M
Q4 24	$372.5M	$628.0M
Q3 24	$360.3M	$592.9M
Q2 24	$357.3M	$553.2M
Q1 24	$363.9M	$525.0M

Net Profit

REG

Q4 25	$202.5M	$-11.6M
Q3 25	$109.4M	$-17.6M
Q2 25	$106.0M	$-4.1M
Q1 25	$109.6M	$-7.7M
Q4 24	$86.5M	$-12.1M
Q3 24	$101.5M	$-14.9M
Q2 24	$102.7M	$19.1M
Q1 24	$109.8M	$-28.5M

Gross Margin

REG

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%

Operating Margin

REG

Q4 25	71.0%	-4.6%
Q3 25	72.7%	-4.5%
Q2 25	73.8%	-3.7%
Q1 25	71.8%	-6.2%
Q4 24	71.1%	-4.9%
Q3 24	72.5%	-4.5%
Q2 24	72.3%	-0.5%
Q1 24	72.3%	-8.7%

Net Margin

REG

Q4 25	50.1%	-1.5%
Q3 25	28.2%	-2.4%
Q2 25	27.8%	-0.6%
Q1 25	28.8%	-1.2%
Q4 24	23.2%	-1.9%
Q3 24	28.2%	-2.5%
Q2 24	28.7%	3.5%
Q1 24	30.2%	-5.4%

EPS (diluted)

REG

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	—	$0.12
Q1 24	—	$-0.19

Balance Sheet & Financial Strength

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

Metric	REG	ZS
Cash + ST InvestmentsLiquidity on hand	—	$1.3B
Total DebtLower is stronger	$4.7B	—
Stockholders' EquityBook value	$6.9B	$2.0B
Total Assets	$13.0B	$6.5B
Debt / EquityLower = less leverage	0.69×	—

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments

REG

Q4 25	—	$1.3B
Q3 25	—	$2.4B
Q2 25	—	$2.0B
Q1 25	—	$1.8B
Q4 24	—	$1.6B
Q3 24	—	$1.4B
Q2 24	—	$1.3B
Q1 24	—	$1.4B

Total Debt

REG

Q4 25	$4.7B	—
Q3 25	$4.9B	—
Q2 25	$4.8B	$1.1B
Q1 25	$4.6B	$1.1B
Q4 24	$4.4B	$1.1B
Q3 24	$4.4B	$1.1B
Q2 24	$4.4B	$1.1B
Q1 24	$4.4B	$1.1B

Stockholders' Equity

REG

Q4 25	$6.9B	$2.0B
Q3 25	$6.8B	$1.8B
Q2 25	$6.7B	$1.8B
Q1 25	$6.7B	$1.6B
Q4 24	$6.7B	$1.4B
Q3 24	$6.8B	$1.3B
Q2 24	$6.8B	$1.1B
Q1 24	$7.0B	$958.9M

Total Assets

REG

Q4 25	$13.0B	$6.5B
Q3 25	$13.1B	$6.4B
Q2 25	$12.7B	$5.3B
Q1 25	$12.6B	$5.0B
Q4 24	$12.4B	$4.7B
Q3 24	$12.4B	$4.7B
Q2 24	$12.4B	$4.2B
Q1 24	$12.7B	$3.9B

Debt / Equity

REG

Q4 25	0.69×	—
Q3 25	0.72×	—
Q2 25	0.72×	0.64×
Q1 25	0.69×	0.71×
Q4 24	0.66×	0.80×
Q3 24	0.65×	0.90×
Q2 24	0.64×	1.04×
Q1 24	0.63×	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	REG	ZS
Operating Cash FlowLast quarter	$203.9M	$448.3M
Free Cash FlowOCF − Capex	—	$431.0M
FCF MarginFCF / Revenue	—	54.7%
Capex IntensityCapex / Revenue	—	2.2%
Cash ConversionOCF / Net Profit	1.01×	—
TTM Free Cash FlowTrailing 4 quarters	—	$924.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow

REG

Q4 25	$203.9M	$448.3M
Q3 25	$218.7M	$250.6M
Q2 25	$244.0M	$211.1M
Q1 25	$161.0M	$179.4M
Q4 24	$191.4M	$331.3M
Q3 24	$227.6M	$203.6M
Q2 24	$203.5M	$173.4M
Q1 24	$167.8M	$142.1M