Snowflake vs Zscaler (SNOW vs ZS)
Snowflake (SNOW) vs Zscaler (ZS) in plain English: P/E, growth, margins, debt and dividend side by side, key differences and which fits each investor profile.
Snowflake (SNOW) and Zscaler (ZS) compete in software and cloud. Here are Snowflake and Zscaler side by side with their real figures as of November 4, 2026: what sets them apart, which fits each kind of investor and the most common questions, without telling you whether to buy Snowflake or Zscaler.
Snowflake vs Zscaler: the figures
| Figure | Snowflake | Zscaler |
|---|---|---|
| Share price | $290.60 (November 4, 2026) | $224.44 (November 4, 2026) |
| Market cap | $102.5 billion | $36.6 billion |
| P/E (TTM) | N/A | N/A |
| Forward P/E | 96.0x | 39.9x |
| Revenue growth (quarter) | +35.1% | +24.9% |
| Net margin (TTM) | -20.1% | -1.9% |
| Net debt / EBITDA | N/A | Net cash |
| Dividend yield | 0.00% | 0.00% |
| Beta | 1.32 | 0.84 |
Snowflake and Zscaler figures from Yahoo Finance, the same source the Fintols analysis uses, retrieved on November 4, 2026; N/A means that Snowflake or Zscaler figure is not available, and we never estimate it.
3 key differences between Snowflake and Zscaler
- Profitability: for every 100 of sales, Zscaler keeps -1.9 as net profit and Snowflake keeps -20.1.
- Growth: Snowflake grew sales +35.1% year on year in its latest quarter, against +24.9% for Zscaler.
- Volatility: Snowflake stock moves more (beta 1.32) than Zscaler (beta 0.84); the higher the beta, the more it amplifies market swings.
Snowflake or Zscaler: which fits your profile
- If you want growth: Snowflake is growing faster today, so it fits better with investors who put business growth first, usually accepting a higher P/E and a bumpier ride.
- If you prefer caution: Zscaler has a less volatile share price, which usually gives more room in a bad year.
Neither Snowflake nor Zscaler wins on everything, and owning both is also an option: spreading money across several companies or an index fund reduces what rides on each one.
How Snowflake and Zscaler make money
Snowflake (SNOW)
Snowflake runs a cloud platform where companies store, analyze and share large amounts of data and use it for AI. It runs on AWS, Microsoft Azure and Google Cloud and charges based on how much each customer uses. Product revenue makes up nearly all of its business, with professional services the rest. The US is its largest market. Full Snowflake analysis.
Zscaler (ZS)
Zscaler sells cloud-based cybersecurity on a subscription basis. Its Zero Trust Exchange platform sits between employees and the apps or internet they use and checks every connection, with products like Zscaler Internet Access and Zscaler Private Access. Its customers are large enterprises and government agencies, and the US is its biggest market. Full Zscaler analysis.
Frequently asked questions: Snowflake vs Zscaler
Is Snowflake or Zscaler the better stock?
Choosing between Snowflake and Zscaler depends on what you are looking for. Snowflake is growing faster right now. Fintols does not tell you whether to buy Snowflake or Zscaler: it shows you the differences so you can decide.
Which pays a higher dividend, Snowflake or Zscaler?
Neither pays a dividend as of November 4, 2026: Snowflake and Zscaler put what they earn into growth or other forms of shareholder return.
Can I own both Snowflake and Zscaler?
Yes. Many people spread their money across several companies, such as Snowflake and Zscaler, or use index funds so they do not depend on just one. If you are starting out, decide how much you want to invest and for how long before buying Snowflake or Zscaler.
More comparisons with Snowflake or Zscaler
More companies like Snowflake and Zscaler: software and cloud stocks. Educational content about Snowflake and Zscaler, not investment advice.