API vs ZM vs RNG Stock Comparison

Agora, Zoom Communications and RingCentral Prices as of Oct 26, 2026 Peers: Industry group
API Agora, Inc.
$4.48 +6.4% 1M +24.4% 1Y
Market cap
$412.05M
P/E
37.6x
Revenue (TTM)
$151.69M
Div. yield
–
Communications Platforms Technology
1 win
ZM Zoom Communications, Inc.
$98.04 +9.3% 1M +16.3% 1Y
Market cap
$28.53B
P/E
8.9x
Revenue (TTM)
$4.97B
Div. yield
–
Communications Platforms Technology
6 wins
RNG RingCentral, Inc.
$86.35 +13.4% 1M +188.1% 1Y
Market cap
$7.17B
P/E
10.8x
Revenue (TTM)
$2.62B
Div. yield
–
Communications Platforms Technology
3 wins

Head to Head

10 decided of 12

Zoom Communications leads on 6 of the 12 questions below (Zoom Communications 6, RingCentral 3, Agora 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAPIZMRNGLeader
Larger companyMarket capitalisation $412.05M $28.53B $7.17B ZM
Cheaper on earningsLower P/E, profitable companies only 37.6x 8.9x 10.8x ZM
Cheaper on forward earningsLower price / next fiscal year consensus EPS 32.0x 15.2x 16.4x ZM
Faster revenue growthRevenue growth, trailing twelve months +13.6% +4.6% +5.5% API
More profitableNet margin, trailing twelve months 7.2% 64.1% 25.3% ZM
Better return on capitalReturn on invested capital — — 26.1% –
Less leveragedLower net debt / EBITDA 1,164x — 1.5x RNG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months +24.4% +16.3% +188.1% RNG
Better 5-year returnAnnualised price return, 5 years -28.9%/yr -18.5%/yr -18.3%/yr RNG
Less volatileAnnualised volatility, 1 year 49.0% 44.8% 67.7% ZM
Higher overall scoreMean of the five percentile scores vs peers 42/100 80/100 58/100 ZM

Percentile Scorecard

APIZMRNG

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAPIZMRNG
Valuation 18 #24 of 29 71 #9 of 29 68 #10 of 29
Growth 54 #13 of 27 69 #9 of 27 65 #10 of 27
Profitability 20 #21 of 26 84 #5 of 26 76 #7 of 26
Financial Health 77 #8 of 31 97 #2 of 31 20 #25 of 31
Shareholder Returns – – 63 #7 of 17
Overall 42 80 58
  • API ranked among 32 companies in Workplace Software
  • ZM ranked among 32 companies in Workplace Software
  • RNG ranked among 32 companies in Workplace Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAPIZMRNGSPY
1 month +6.4%+9.3%+13.4% -0.8%
3 months +12.6%+7.5%+60.5% +3.5%
6 months +26.2%+7.9%+113.5% +7.0%
Year to date +10.1%+13.6%+199.0% +12.2%
1 year +24.4%+16.3%+188.1% +13.0%
3 years +51.4%+65.4%+241.3% +86.3%
3 years, per year +14.8%+18.3%+50.6% +23.1%
5 years -81.9%-64.1%-63.6% +68.6%
5 years, per year -28.9%-18.5%-18.3% +11.0%
10 years ——+300.7% +258.0%
10 years, per year ——+14.9% +13.6%

Risk

MeasureAPIZMRNGSPY
Volatility, 1Y 49.0%44.8%67.7% 12.7%
Downside volatility, 1Y 45.6%42.6%56.0% 12.7%
Beta vs S&P 500, 1Y 0.891.031.14 1.00
Return / volatility, 1Y 0.500.362.78 1.02
Max drawdown, 5Y -93.1%-80.6%-92.4% -25.4%
From 52-week high -14.8%-12.4%0.0% -1.8%
52-week high $5.26$111.88$86.35 $779.14
52-week low $3.24$72.72$24.82 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAPIZMRNG
P/E now vs peer median 37.6xmedian 31.9x 9.0xmedian 31.9x 10.9xmedian 31.9x
P/S now vs peer median 3.5xmedian 2.4x 5.8xmedian 2.4x 2.8xmedian 2.4x
EV/EBITDA now vs peer median -7,072xmedian 11.5x 13.9xmedian 11.5x 14.1xmedian 11.5x
P/FCF now vs peer median 35.9xmedian 14.2x 14.2xmedian 14.2x 10.9xmedian 14.2x
P/B now vs peer median —median 3.0x 2.5xmedian 3.0x -588.8xmedian 3.0x
PEG now vs peer median 1.35median 0.77 0.05median 0.77 0.20median 0.77

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAPIZMRNG
Revenue $151.69M $4.97B $2.62B
Gross profit $97.83M $3.84B $1.89B
Operating income -$5.19M $1.20B $196.64M
Net income $10.97M $3.19B $662.40M
Free cash flow $14.67M – $667.24M
R&D $57.28M $881.96M $330.14M
EPS (diluted) $0.11 $10.64 $7.55
Cash & equivalents $72.67M $931.99M $110.12M
Total debt $1.34M – $1.01B
Shares (diluted) 98.86M 299.75M 87.69M
Enterprise value $62.90M -$2.26B $6.69B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAPIZMRNG
P/E 37.6x 9.0x 10.9x
P/FCF 35.9x 14.2x 10.9x
P/Operating cash flow 38.9x – 10.4x
P/S 3.5x 5.8x 2.8x
P/B – 2.5x -588.8x
P/Tangible book – 2.5x -129.3x
EV/EBITDA -7,072x 13.9x 14.1x
EV/EBIT -87.2x 17.9x 41.7x
EV/Revenue 3.0x 4.3x 3.1x
EV/FCF 30.9x – 12.3x
EV/Operating cash flow 33.4x – 11.7x
PEG (3Y EPS CAGR) 1.35 0.05 0.20

Growth

14 metrics
MetricAPIZMRNG
Revenue growth (1Y) 13.6% 4.6% 5.5%
Revenue CAGR (3Y) 0.0% 3.7% 6.7%
Gross profit growth (1Y) 9.3% 5.7% 7.0%
Gross profit CAGR (3Y) 1.7% 4.5% 8.0%
Operating income growth (1Y) 85.7% 23.2% 109.8%
Operating income CAGR (3Y) 65.3% 112.9% 35.4%
Net income growth (1Y) 149.5% 168.3% 4,905%
Net income CAGR (3Y) 27.8% 182.3% 53.9%
EPS growth (1Y) 146.7% 175.9% 5,149%
EPS CAGR (3Y) 27.9% 184.2% 55.7%
Operating cash flow growth (1Y) -20.9% – 16.3%
Operating cash flow CAGR (3Y) 35.5% – 29.1%
Free cash flow growth (1Y) -25.1% – 16.5%
Free cash flow CAGR (3Y) 37.4% – 30.7%

Profitability

14 metrics
MetricAPIZMRNG
Gross margin 64.5% 77.2% 72.2%
EBITDA margin 0.0% 30.9% 22.2%
Operating margin -3.4% 24.1% 7.5%
Pretax margin 7.3% 82.5% 5.0%
Net margin 7.2% 64.1% 25.3%
FCF margin 9.7% – 25.5%
Operating cash flow margin 8.9% – 26.7%
Return on equity – 30.2% –
Return on assets 1.6% 25.0% 40.7%
Return on invested capital – – 26.1%
Return on capital employed -0.8% 11.2% 20.7%
Asset turnover 0.2x 0.4x 1.6x
Cash conversion (OCF / net income) 1.2x – 1.1x
Stock comp / revenue 3.0% – 9.2%

Financial Health

11 metrics
MetricAPIZMRNG
Debt / assets 0.2% – 53.9%
Debt / equity – – -81.6x
Net debt / EBITDA 1,164x – 1.5x
Debt / FCF 0.1x – 1.5x
Liabilities / assets 24.1% 16.8% 100.7%
Equity / assets – 83.2% -0.7%
Interest coverage -86.5x – 3.1x
Current ratio 5.1x 3.8x 1.1x
Quick ratio 1.3x 3.7x 0.9x
Cash ratio 1.0x 3.4x 0.2x
Altman Z-score – 9.51 3.27

Shareholder Returns

7 metrics
MetricAPIZMRNG
Dividend yield – – 0.3%
Net buyback yield – – 4.4%
Shareholder yield – – 4.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAPIZMRNG
Forward P/E 32.0xFY2026 15.2xFY2026 16.4xFY2026
EPS, next fiscal year $0.14FY2026 $6.45FY2026 $5.28FY2026
EPS growth, next FY +40.0%FY2026 +9.0%FY2026 +21.1%FY2026
EPS growth, the year after +107.1% +2.8% +0.6%
Revenue, next fiscal year $171.35MFY2026 $4.76BFY2026 $2.76BFY2026
Revenue growth, next FY +21.5%FY2026 -2.4%FY2026 +9.7%FY2026
Revenue growth, the year after +1.5% +8.0% -3.9%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAPIZMRNG
Held by institutions 21.2% 67.2% 100.0%
Institutions holding 59 862 379
Change in shares held, QoQ -1.9% +2.9% +2.0%
Institutions buying 27 477 212
Institutions selling 18 279 121
Buyers to sellers 1.50 1.71 1.75

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

APIZMRNG
API 1.00 0.27 0.23
ZM 0.27 1.00 0.50
RNG 0.23 0.50 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, API, ZM and RNG?

Zoom Communications (ZM) is the largest by market capitalisation: Agora (API) $412.05M, Zoom Communications (ZM) $28.53B, RingCentral (RNG) $7.17B.

Which stock is cheaper, API, ZM and RNG?

Zoom Communications (ZM) trades on the lowest price-to-earnings ratio (Agora (API) 37.6x, Zoom Communications (ZM) 8.9x, RingCentral (RNG) 10.8x). On next year's consensus earnings, Zoom Communications (ZM) is cheapest (Agora (API) 32.0x, Zoom Communications (ZM) 15.2x, RingCentral (RNG) 16.4x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

Agora (API) grew revenue fastest over the trailing twelve months: Agora (API) +13.6%, Zoom Communications (ZM) +4.6%, RingCentral (RNG) +5.5%.

Which company is more profitable?

Zoom Communications (ZM) has the highest net margin (Agora (API) 7.2%, Zoom Communications (ZM) 64.1%, RingCentral (RNG) 25.3%).

Which stock has performed better?

Over the past year RingCentral (RNG) returned the most: Agora (API) +24.4%, Zoom Communications (ZM) +16.3%, RingCentral (RNG) +188.1%. Over five years, RingCentral (RNG) compounded fastest (Agora (API) -28.9%/yr, Zoom Communications (ZM) -18.5%/yr, RingCentral (RNG) -18.3%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Zoom Communications (ZM) has been the steadiest (Agora (API) 49.0%, Zoom Communications (ZM) 44.8%, RingCentral (RNG) 67.7%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, API, ZM and RNG?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Zoom Communications (ZM) leads on 6. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.