Snowflake
SNOW · Application Software
$325.43
3.7%Zoom Communications
ZM · Application Software
$95.77
0.4%The short version
- Zoom Communications is the larger business, with $4.9B of revenue in fiscal 2026 against $4.7B for Snowflake.
- Snowflake grew revenue faster (29.2%, against 4.4%).
- Zoom Communications kept more of each dollar of sales as operating profit (23.1% operating margin, against −30.6% operating margin).
- Zoom Communications turned more of its sales into free cash flow (39.5% FCF margin, against 23.9% FCF margin).
| Latest fiscal year | SNOW · FY26 | ZM · FY26 |
|---|---|---|
| Size | ||
| Market cap | $113.7B | $28.7B |
| Revenue | $4.7B | $4.9B |
| Free cash flow | $1.1B | $1.9B |
| Net income | −$1.3B | $1.9B |
| Growth | ||
| Revenue growth | 29.2% | 4.4% |
| 5-year growth | 51.2% | 12.9% |
| Share count change | 1.4% | −2.5% |
| Profitability | ||
| Gross margin | 67.2% | 77.0% |
| Operating margin | −30.6% | 23.1% |
| Net margin | −28.4% | 39.0% |
| FCF margin | 23.9% | 39.5% |
| Return on capital | — | 56.2% |
| Return on equity | −54.1% | 20.3% |
| Balance sheet | ||
| Net debt | −$1.7B | −$7.8B |
| Net debt / EBITDA | — | −6.2x |
| Dividends and buybacks | $874M | $1.6B |
| Valuation & quality | ||
| P/E | — | 8.9x |
| Piotroski F-score | 6 | 6 |
FY18
SNOW —
ZM $152M
FY19
SNOW $96.7M
ZM $331M
FY20
SNOW $265M
ZM $623M
FY21
SNOW $592M
ZM $2.7B
FY22
SNOW $1.2B
ZM $4.1B
FY23
SNOW $2.1B
ZM $4.4B
FY24
SNOW $2.8B
ZM $4.5B
FY25
SNOW $3.6B
ZM $4.7B
FY26
SNOW $4.7B
ZM $4.9B
SNOW
ZM
FY18
SNOW —
ZM −3.2%
FY19
SNOW −191.9%
ZM 1.9%
FY20
SNOW −135.3%
ZM 2.0%
FY21
SNOW −91.9%
ZM 24.9%
FY22
SNOW −58.6%
ZM 25.9%
FY23
SNOW −40.8%
ZM 5.6%
FY24
SNOW −39.0%
ZM 11.6%
FY25
SNOW −40.2%
ZM 17.4%
FY26
SNOW −30.6%
ZM 23.1%
SNOW
ZM
FY18
SNOW —
ZM $9.7M
FY19
SNOW −$146M
ZM $22.9M
FY20
SNOW −$195M
ZM $114M
FY21
SNOW −$80.5M
ZM $1.4B
FY22
SNOW $94.0M
ZM $1.5B
FY23
SNOW $521M
ZM $1.2B
FY24
SNOW $813M
ZM $1.5B
FY25
SNOW $913M
ZM $1.8B
FY26
SNOW $1.1B
ZM $1.9B
SNOW
ZM
FY18
SNOW —
ZM —
FY19
SNOW —
ZM —
FY20
SNOW —
ZM —
FY21
SNOW —
ZM —
FY22
SNOW —
ZM —
FY23
SNOW —
ZM —
FY24
SNOW —
ZM 43.5%
FY25
SNOW −115.9%
ZM 56.8%
FY26
SNOW —
ZM 56.2%
SNOW
ZM
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Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.