CRWD vs ZS Stock Comparison

CrowdStrike Holdings and Zscaler Prices as of Oct 23, 2026 Peers: Industry group
ZS Zscaler, Inc.
$255.15 +19.0% 1M -20.0% 1Y
Market cap
$41.78B
P/E
–
Revenue (TTM)
—
Div. yield
–
Cybersecurity Software Technology
3 wins

Head to Head

5 decided of 12

Zscaler leads on 3 of the 12 questions below (Zscaler 3, CrowdStrike Holdings 2). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionCRWDZSLeader
Larger companyMarket capitalisation $266.97B $41.78B CRWD
Cheaper on earningsLower P/E, profitable companies only 4,567x -647.0x –
Cheaper on forward earningsLower price / next fiscal year consensus EPS 193.7x 56.1x ZS
Faster revenue growthRevenue growth, trailing twelve months +24.3% — –
More profitableNet margin, trailing twelve months 1.1% — –
Better return on capitalReturn on invested capital -2.1% — –
Less leveragedLower net debt / EBITDA -6.5x — –
Higher dividend yieldTrailing dividend yield 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -50.7% -20.0% ZS
Better 5-year returnAnnualised price return, 5 years -1.9%/yr -3.7%/yr CRWD
Less volatileAnnualised volatility, 1 year 150.4% 71.1% ZS
Higher overall scoreMean of the five percentile scores vs peers 59/100 — –

Percentile Scorecard

CRWDZS

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

AxisCRWDZS
Valuation 21 #98 of 124 17 #103 of 124
Growth 88 #15 of 113 –
Profitability 67 #37 of 110 –
Financial Health 62 #50 of 129 33 #87 of 129
Shareholder Returns 55 #31 of 68 –
Overall 59 –
  • CRWD ranked among 137 companies in Infrastructure Software
  • ZS ranked among 137 companies in Infrastructure Software

Price Performance

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

Returns

PeriodCRWDZSSPY
1 month -1.9%+19.0% -1.0%
3 months +40.5%+79.3% +2.9%
6 months -42.5%+88.3% +6.4%
Year to date -45.1%+13.4% +11.4%
1 year -50.7%-20.0% +13.1%
3 years +40.9%+54.8% +79.4%
3 years, per year +12.1%+15.7% +21.5%
5 years -9.1%-17.1% +67.7%
5 years, per year -1.9%-3.7% +10.9%

Risk

MeasureCRWDZSSPY
Volatility, 1Y 150.4%71.1% 12.7%
Downside volatility, 1Y 209.2%83.1% 12.7%
Beta vs S&P 500, 1Y 1.690.96 1.00
Return / volatility, 1Y -0.34-0.28 1.03
Max drawdown, 5Y -77.1%-76.4% -25.4%
From 52-week high -67.1%-24.1% -2.5%
52-week high $782.17$336.27 $779.14
52-week low $179.38$118.05 $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.

MultipleCRWDZS
P/E now vs peer median 4,492xmedian 37.4x -647.0xmedian 37.4x
P/S now vs peer median 48.9xmedian 4.4x 12.4xmedian 4.4x
EV/EBITDA now vs peer median 393.3xmedian 35.0x —median 35.0x
P/FCF now vs peer median 163.9xmedian 27.2x 48.8xmedian 27.2x
P/B now vs peer median 51.3xmedian 3.4x 16.0xmedian 3.4x
PEG now vs peer median 120.90median 1.27 —median 1.27

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 monthsCRWDZS
Revenue $5.40B –
Gross profit $4.06B –
Operating income -$119.49M –
Net income $77.40M –
Free cash flow $1.61B –
R&D $1.56B –
EPS (diluted) $0.06 –
Cash & equivalents $5.01B $928.35M
Total debt $2.98B –
Shares (diluted) 1.04B 160.22M
Enterprise value $247.38B $27.90B

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
MetricCRWDZS
P/E 4,492x -647.0x
P/FCF 163.9x 48.8x
P/Operating cash flow 130.8x –
P/S 48.9x 12.4x
P/B 51.3x 16.0x
P/Tangible book 54.2x 17.5x
EV/EBITDA 393.3x –
EV/EBIT -2,171x –
EV/Revenue 48.1x –
EV/FCF 161.3x –
EV/Operating cash flow 128.7x –
PEG (3Y EPS CAGR) 120.90 –

Growth

14 metrics
MetricCRWDZS
Revenue growth (1Y) 24.3% –
Revenue CAGR (3Y) 26.9% –
Gross profit growth (1Y) 26.2% –
Gross profit CAGR (3Y) 27.6% –
Operating income growth (1Y) 66.9% –
Operating income CAGR (3Y) 7.9% –
Net income growth (1Y) 127.3% –
Net income CAGR (3Y) 41.4% –
EPS growth (1Y) 120.0% –
EPS CAGR (3Y) 37.2% –
Operating cash flow growth (1Y) 45.2% –
Operating cash flow CAGR (3Y) 23.8% –
Free cash flow growth (1Y) 45.4% –
Free cash flow CAGR (3Y) 24.1% –

Profitability

14 metrics
MetricCRWDZS
Gross margin 75.2% –
EBITDA margin 12.2% –
Operating margin -2.2% –
Pretax margin 1.4% –
Net margin 1.1% –
FCF margin 29.8% –
Operating cash flow margin 37.4% –
Return on equity 1.6% –
Return on assets 0.7% –
Return on invested capital -2.1% –
Return on capital employed -1.7% –
Asset turnover 0.5x –
Cash conversion (OCF / net income) 26.1x –
Stock comp / revenue 23.1% –

Financial Health

11 metrics
MetricCRWDZS
Debt / assets 6.2% –
Debt / equity 0.1x –
Net debt / EBITDA -6.5x –
Debt / FCF 0.5x –
Liabilities / assets 57.3% 67.0%
Equity / assets 42.7% 33.0%
Interest coverage -4.5x –
Current ratio 1.6x 1.7x
Quick ratio 1.4x 1.6x
Cash ratio 1.1x 1.2x
Altman Z-score 23.50 –

Shareholder Returns

7 metrics
MetricCRWDZS
Dividend yield – –
Net buyback yield 0.0% –
Shareholder yield 0.0% –
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.

ConsensusCRWDZS
Forward P/E 193.7xFY2026 56.1xFY2027
EPS, next fiscal year $1.33FY2026 $4.55FY2027
EPS growth, next FY +43.0%FY2026 +8.1%FY2027
EPS growth, the year after +23.3% +27.0%
Revenue, next fiscal year $6.28BFY2026 $4.07BFY2027
Revenue growth, next FY +30.5%FY2026 +21.5%FY2027
Revenue growth, the year after +22.3% +19.4%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersCRWDZS
Held by institutions 77.4% 51.4%
Institutions holding 2,432 734
Change in shares held, QoQ +12.2% -3.9%
Institutions buying 1,374 416
Institutions selling 837 236
Buyers to sellers 1.64 1.76

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.

CRWDZS
CRWD 1.00 0.24
ZS 0.24 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, CRWD and ZS?

CrowdStrike Holdings (CRWD) is the largest by market capitalisation: CrowdStrike Holdings (CRWD) $266.97B, Zscaler (ZS) $41.78B.

Which stock has performed better?

Over the past year Zscaler (ZS) returned the most: CrowdStrike Holdings (CRWD) -50.7%, Zscaler (ZS) -20.0%. Over five years, CrowdStrike Holdings (CRWD) compounded fastest (CrowdStrike Holdings (CRWD) -1.9%/yr, Zscaler (ZS) -3.7%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Zscaler (ZS) has been the steadiest (CrowdStrike Holdings (CRWD) 150.4%, Zscaler (ZS) 71.1%). Volatility measures how widely the price swings, not the risk of the business.

Do CRWD and ZS move together?

Their daily returns over the past year have a correlation of 0.24, a weak relationship. Holding both diversifies more than two closely linked stocks would.

Which is the better stock, CRWD and ZS?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Zscaler (ZS) leads on 3. 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.