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CrowdStrike（CRWD）与Zscaler, Inc.（ZS）财务数据对比。点击上方公司名可切换其他公司
CrowdStrike的季度营收约是Zscaler, Inc.的1.6倍（$1.2B vs $788.1M），Zscaler, Inc.净利率更高（-1.5% vs -2.8%，领先1.3%），Zscaler, Inc.同比增速更快（25.5% vs 22.2%），Zscaler, Inc.自由现金流更多（$431.0M vs $314.1M），过去两年Zscaler, Inc.的营收复合增速更高（22.5% vs 20.8%）
CrowdStrike Holdings, Inc.是总部位于美国得克萨斯州奥斯汀的网络安全科技企业，核心业务涵盖终端安全防护、威胁情报提供与网络攻击响应服务，可为全球各行业客户有效应对各类网络安全风险，保障系统与数据安全。
Zscaler是总部位于美国加利福尼亚州圣何塞的云安全企业，专注提供云原生安全服务，为全球各行业企业的网络系统与数据资产提供全方位防护，助力企业在数字化运营过程中抵御各类安全风险，保障业务稳定开展。
CRWD vs ZS — 直观对比
营收规模更大
CRWD
是对方的1.6倍
$788.1M
营收增速更快
ZS
高出3.3%
22.2%
净利率更高
ZS
高出1.3%
-2.8%
自由现金流更多
ZS
多$116.8M
$314.1M
两年增速更快
ZS
近两年复合增速
20.8%
损益表 — Q3 FY2026 vs Q1 FY2026
| 指标 | | |
|---|---|---|
| 营收 | $1.2B | $788.1M |
| 净利润 | $-34.0M | $-11.6M |
| 毛利率 | 75.1% | 76.6% |
| 营业利润率 | -5.6% | -4.6% |
| 净利率 | -2.8% | -1.5% |
| 营收同比 | 22.2% | 25.5% |
| 净利润同比 | -102.1% | 3.6% |
| 每股收益（稀释后） | $-0.14 | $-0.07 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收CRWDZS
| Q4 25 | $1.2B | $788.1M | ||
| Q3 25 | $1.2B | $719.2M | ||
| Q2 25 | $1.1B | $678.0M | ||
| Q1 25 | $1.1B | $647.9M | ||
| Q4 24 | $1.0B | $628.0M | ||
| Q3 24 | $963.9M | $592.9M | ||
| Q2 24 | $921.0M | $553.2M | ||
| Q1 24 | $845.3M | $525.0M |
净利润CRWDZS
| Q4 25 | $-34.0M | $-11.6M | ||
| Q3 25 | $-77.7M | $-17.6M | ||
| Q2 25 | $-110.2M | $-4.1M | ||
| Q1 25 | $-92.3M | $-7.7M | ||
| Q4 24 | $-16.8M | $-12.1M | ||
| Q3 24 | $47.0M | $-14.9M | ||
| Q2 24 | $42.8M | $19.1M | ||
| Q1 24 | $53.7M | $-28.5M |
毛利率CRWDZS
| Q4 25 | 75.1% | 76.6% | ||
| Q3 25 | 73.5% | 76.1% | ||
| Q2 25 | 73.8% | 77.0% | ||
| Q1 25 | 74.1% | 77.1% | ||
| Q4 24 | 74.7% | 77.5% | ||
| Q3 24 | 75.4% | 78.0% | ||
| Q2 24 | 75.6% | 78.6% | ||
| Q1 24 | 75.3% | 77.7% |
营业利润率CRWDZS
| Q4 25 | -5.6% | -4.6% | ||
| Q3 25 | -9.7% | -4.5% | ||
| Q2 25 | -11.3% | -3.7% | ||
| Q1 25 | -8.1% | -6.2% | ||
| Q4 24 | -5.5% | -4.9% | ||
| Q3 24 | 1.4% | -4.5% | ||
| Q2 24 | 0.8% | -0.5% | ||
| Q1 24 | 3.5% | -8.7% |
净利率CRWDZS
| Q4 25 | -2.8% | -1.5% | ||
| Q3 25 | -6.6% | -2.4% | ||
| Q2 25 | -10.0% | -0.6% | ||
| Q1 25 | -8.7% | -1.2% | ||
| Q4 24 | -1.7% | -1.9% | ||
| Q3 24 | 4.9% | -2.5% | ||
| Q2 24 | 4.6% | 3.5% | ||
| Q1 24 | 6.4% | -5.4% |
每股收益（稀释后）CRWDZS
| Q4 25 | $-0.14 | $-0.07 | ||
| Q3 25 | $-0.31 | $-0.11 | ||
| Q2 25 | $-0.44 | $-0.03 | ||
| Q1 25 | $-0.37 | $-0.05 | ||
| Q4 24 | $-0.07 | $-0.08 | ||
| Q3 24 | $0.19 | $-0.09 | ||
| Q2 24 | $0.17 | $0.12 | ||
| Q1 24 | $0.23 | $-0.19 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $4.8B | $1.3B |
| 总债务越低越好 | — | — |
| 股东权益账面价值 | $4.0B | $2.0B |
| 总资产 | $10.0B | $6.5B |
| 负债/权益比越低杠杆越低 | — | — |
8季度趋势，按日历期对齐
现金及短期投资CRWDZS
| Q4 25 | $4.8B | $1.3B | ||
| Q3 25 | $5.0B | $2.4B | ||
| Q2 25 | $4.6B | $2.0B | ||
| Q1 25 | $4.3B | $1.8B | ||
| Q4 24 | $4.3B | $1.6B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $3.7B | $1.3B | ||
| Q1 24 | $3.5B | $1.4B |
总债务CRWDZS
| 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 |
股东权益CRWDZS
| Q4 25 | $4.0B | $2.0B | ||
| Q3 25 | $3.8B | $1.8B | ||
| Q2 25 | $3.5B | $1.8B | ||
| Q1 25 | $3.3B | $1.6B | ||
| Q4 24 | $3.1B | $1.4B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.5B | $1.1B | ||
| Q1 24 | $2.3B | $958.9M |
总资产CRWDZS
| Q4 25 | $10.0B | $6.5B | ||
| Q3 25 | $9.3B | $6.4B | ||
| Q2 25 | $8.7B | $5.3B | ||
| Q1 25 | $8.7B | $5.0B | ||
| Q4 24 | $7.8B | $4.7B | ||
| Q3 24 | $7.2B | $4.7B | ||
| Q2 24 | $6.8B | $4.2B | ||
| Q1 24 | $6.6B | $3.9B |
负债/权益比CRWDZS
| 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× |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $397.5M | $448.3M |
| 自由现金流经营现金流 - 资本支出 | $314.1M | $431.0M |
| 自由现金流率自由现金流/营收 | 25.5% | 54.7% |
| 资本支出强度资本支出/营收 | 6.8% | 2.2% |
| 现金转化率经营现金流/净利润 | — | — |
| 过去12个月自由现金流最近4个季度 | $1.2B | $924.9M |
8季度趋势，按日历期对齐
经营现金流CRWDZS
| Q4 25 | $397.5M | $448.3M | ||
| Q3 25 | $332.8M | $250.6M | ||
| Q2 25 | $384.1M | $211.1M | ||
| Q1 25 | $345.7M | $179.4M | ||
| Q4 24 | $326.1M | $331.3M | ||
| Q3 24 | $326.6M | $203.6M | ||
| Q2 24 | $383.2M | $173.4M | ||
| Q1 24 | $347.0M | $142.1M |
自由现金流CRWDZS
| Q4 25 | $314.1M | $431.0M | ||
| Q3 25 | $302.3M | $190.6M | ||
| Q2 25 | $298.4M | $138.9M | ||
| Q1 25 | $258.5M | $164.4M | ||
| Q4 24 | $247.4M | $314.3M | ||
| Q3 24 | $287.4M | $154.2M | ||
| Q2 24 | $333.5M | $137.8M | ||
| Q1 24 | $294.4M | $111.2M |
自由现金流率CRWDZS
| Q4 25 | 25.5% | 54.7% | ||
| Q3 25 | 25.9% | 26.5% | ||
| Q2 25 | 27.0% | 20.5% | ||
| Q1 25 | 24.4% | 25.4% | ||
| Q4 24 | 24.5% | 50.1% | ||
| Q3 24 | 29.8% | 26.0% | ||
| Q2 24 | 36.2% | 24.9% | ||
| Q1 24 | 34.8% | 21.2% |
资本支出强度CRWDZS
| Q4 25 | 6.8% | 2.2% | ||
| Q3 25 | 2.6% | 8.3% | ||
| Q2 25 | 7.8% | 10.6% | ||
| Q1 25 | 8.2% | 2.3% | ||
| Q4 24 | 7.8% | 2.7% | ||
| Q3 24 | 4.1% | 8.3% | ||
| Q2 24 | 5.4% | 6.4% | ||
| Q1 24 | 6.2% | 5.9% |
现金转化率CRWDZS
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 6.95× | — | ||
| Q2 24 | 8.95× | 9.07× | ||
| Q1 24 | 6.46× | — |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
CRWD
| Subscription And Circulation | $1.2B | 95% |
| Professional Services | $65.5M | 5% |
ZS
暂无分部数据
