Twilio Inc. (TWLO) vs Zscaler, Inc. (ZS)
Twilio Inc. and Zscaler, Inc. are both Software Infrastructure companies. Twilio Inc. is the larger, with a market value of $45.3B against $33.8B — 1.3× the size. Zscaler, Inc. has negative trailing earnings, so its P/E is not meaningful; Twilio Inc. trades at 36.7×. Zscaler, Inc. grew revenue faster over the last twelve months: 25.4% against 17.8%. Twilio Inc. has the higher net margin (20.6% vs −1.88%) and the higher return on invested capital (2.48% vs −10.2%). Across the 20 metrics below, Twilio Inc. leads on 13 and Zscaler, Inc. on 7.
Valuation
Profitability
| Metric | TWLO | ZS | Software Infrastructure median |
|---|---|---|---|
| Gross margin | 48.54% | 76.80% | 61.23% |
| Operating margin | 5.20% | (3.98%) | 0.00% |
| Net margin | 20.62% | (1.88%) | 0.00% |
| Free cash flow margin | 17.47% | 23.24% | 1.67% |
| Return on equity | 13.50% | (2.87%) | 0.59% |
| Return on assets | 11.11% | (0.88%) | 0.00% |
| Return on invested capital | 2.48% | (10.15%) | 0.00% |
Growth
Health
Dividend
Size
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