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Side-by-side financial comparison of WERNER ENTERPRISES INC (WERN) 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 $719.9M, roughly 1.1× WERNER ENTERPRISES INC). Zscaler, Inc. runs the higher net margin — -1.5% vs -3.9%, a 2.4% gap on every dollar of revenue. On growth, Zscaler, Inc. posted the faster year-over-year revenue change (25.5% vs -2.3%). Zscaler, Inc. produced more free cash flow last quarter ($431.0M vs $-23.5M). Over the past eight quarters, Zscaler, Inc.'s revenue compounded faster (22.5% CAGR vs -2.0%).
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
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.
WERN vs ZS — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $719.9M | $788.1M |
| Net Profit | $-27.8M | $-11.6M |
| Gross Margin | — | 76.6% |
| Operating Margin | -5.0% | -4.6% |
| Net Margin | -3.9% | -1.5% |
| Revenue YoY | -2.3% | 25.5% |
| Net Profit YoY | -333.7% | 3.6% |
| EPS (diluted) | $-0.46 | $-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 | $719.9M | $788.1M | ||
| Q3 25 | $752.2M | $719.2M | ||
| Q2 25 | $734.1M | $678.0M | ||
| Q1 25 | $693.4M | $647.9M | ||
| Q4 24 | $736.6M | $628.0M | ||
| Q3 24 | $726.3M | $592.9M | ||
| Q2 24 | $742.7M | $553.2M | ||
| Q1 24 | $749.5M | $525.0M |
| Q4 25 | $-27.8M | $-11.6M | ||
| Q3 25 | $-20.6M | $-17.6M | ||
| Q2 25 | $44.1M | $-4.1M | ||
| Q1 25 | $-10.1M | $-7.7M | ||
| Q4 24 | $11.9M | $-12.1M | ||
| Q3 24 | $6.6M | $-14.9M | ||
| Q2 24 | $9.5M | $19.1M | ||
| Q1 24 | $6.3M | $-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 | -5.0% | -4.6% | ||
| Q3 25 | -1.7% | -4.5% | ||
| Q2 25 | 9.0% | -3.7% | ||
| Q1 25 | -0.8% | -6.2% | ||
| Q4 24 | 1.8% | -4.9% | ||
| Q3 24 | 2.4% | -4.5% | ||
| Q2 24 | 2.6% | -0.5% | ||
| Q1 24 | 2.1% | -8.7% |
| Q4 25 | -3.9% | -1.5% | ||
| Q3 25 | -2.7% | -2.4% | ||
| Q2 25 | 6.0% | -0.6% | ||
| Q1 25 | -1.5% | -1.2% | ||
| Q4 24 | 1.6% | -1.9% | ||
| Q3 24 | 0.9% | -2.5% | ||
| Q2 24 | 1.3% | 3.5% | ||
| Q1 24 | 0.8% | -5.4% |
| Q4 25 | $-0.46 | $-0.07 | ||
| Q3 25 | $-0.34 | $-0.11 | ||
| Q2 25 | $0.72 | $-0.03 | ||
| Q1 25 | $-0.16 | $-0.05 | ||
| Q4 24 | $0.19 | $-0.08 | ||
| Q3 24 | $0.11 | $-0.09 | ||
| Q2 24 | $0.15 | $0.12 | ||
| Q1 24 | $0.10 | $-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 | $59.9M | $1.3B |
| Total DebtLower is stronger | $752.0M | — |
| Stockholders' EquityBook value | $1.4B | $2.0B |
| Total Assets | $2.9B | $6.5B |
| Debt / EquityLower = less leverage | 0.55× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $59.9M | $1.3B | ||
| Q3 25 | $51.0M | $2.4B | ||
| Q2 25 | $51.4M | $2.0B | ||
| Q1 25 | $52.0M | $1.8B | ||
| Q4 24 | $40.8M | $1.6B | ||
| Q3 24 | $54.7M | $1.4B | ||
| Q2 24 | $70.4M | $1.3B | ||
| Q1 24 | $60.3M | $1.4B |
| Q4 25 | $752.0M | — | ||
| Q3 25 | $725.0M | — | ||
| Q2 25 | $725.0M | $1.1B | ||
| Q1 25 | $640.0M | $1.1B | ||
| Q4 24 | $650.0M | $1.1B | ||
| Q3 24 | $690.0M | $1.1B | ||
| Q2 24 | $670.0M | $1.1B | ||
| Q1 24 | $597.5M | $1.1B |
| Q4 25 | $1.4B | $2.0B | ||
| Q3 25 | $1.4B | $1.8B | ||
| Q2 25 | $1.4B | $1.8B | ||
| Q1 25 | $1.4B | $1.6B | ||
| Q4 24 | $1.5B | $1.4B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.5B | $1.1B | ||
| Q1 24 | $1.5B | $958.9M |
| Q4 25 | $2.9B | $6.5B | ||
| Q3 25 | $3.0B | $6.4B | ||
| Q2 25 | $2.9B | $5.3B | ||
| Q1 25 | $3.0B | $5.0B | ||
| Q4 24 | $3.1B | $4.7B | ||
| Q3 24 | $3.1B | $4.7B | ||
| Q2 24 | $3.1B | $4.2B | ||
| Q1 24 | $3.1B | $3.9B |
| Q4 25 | 0.55× | — | ||
| Q3 25 | 0.52× | — | ||
| Q2 25 | 0.51× | 0.64× | ||
| Q1 25 | 0.45× | 0.71× | ||
| Q4 24 | 0.45× | 0.80× | ||
| Q3 24 | 0.48× | 0.90× | ||
| Q2 24 | 0.46× | 1.04× | ||
| Q1 24 | 0.39× | 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 | $62.3M | $448.3M |
| Free Cash FlowOCF − Capex | $-23.5M | $431.0M |
| FCF MarginFCF / Revenue | -3.3% | 54.7% |
| Capex IntensityCapex / Revenue | 11.9% | 2.2% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $-68.5M | $924.9M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $62.3M | $448.3M | ||
| Q3 25 | $44.1M | $250.6M | ||
| Q2 25 | $46.0M | $211.1M | ||
| Q1 25 | $29.4M | $179.4M | ||
| Q4 24 | $71.0M | $331.3M | ||
| Q3 24 | $61.0M | $203.6M | ||
| Q2 24 | $109.1M | $173.4M | ||
| Q1 24 | $88.6M | $142.1M |
| Q4 25 | $-23.5M | $431.0M | ||
| Q3 25 | $-8.6M | $190.6M | ||
| Q2 25 | $-42.3M | $138.9M | ||
| Q1 25 | $5.9M | $164.4M | ||
| Q4 24 | $-9.8M | $314.3M | ||
| Q3 24 | $-73.4M | $154.2M | ||
| Q2 24 | $-31.2M | $137.8M | ||
| Q1 24 | $30.4M | $111.2M |
| Q4 25 | -3.3% | 54.7% | ||
| Q3 25 | -1.1% | 26.5% | ||
| Q2 25 | -5.8% | 20.5% | ||
| Q1 25 | 0.8% | 25.4% | ||
| Q4 24 | -1.3% | 50.1% | ||
| Q3 24 | -10.1% | 26.0% | ||
| Q2 24 | -4.2% | 24.9% | ||
| Q1 24 | 4.0% | 21.2% |
| Q4 25 | 11.9% | 2.2% | ||
| Q3 25 | 7.0% | 8.3% | ||
| Q2 25 | 12.0% | 10.6% | ||
| Q1 25 | 3.4% | 2.3% | ||
| Q4 24 | 11.0% | 2.7% | ||
| Q3 24 | 18.5% | 8.3% | ||
| Q2 24 | 18.9% | 6.4% | ||
| Q1 24 | 7.8% | 5.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.04× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 5.97× | — | ||
| Q3 24 | 9.30× | — | ||
| Q2 24 | 11.52× | 9.07× | ||
| Q1 24 | 14.03× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
WERN
| Truckload Transportation Services Segment | $512.6M | 71% |
| Werner Logistics | $207.5M | 29% |
| CA | $3.1M | 0% |
ZS
Segment breakdown not available.
