CYBR
CyberArk Software Ltd.
Software - Infrastructure
Market Cap$20.64B
5Y Perf.+294.0%
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Stock Comparison
CYBR vs ZS
Revenue, margins, valuation, and 5-year total return — side by side.
ZS
Zscaler, Inc.
Software - Infrastructure
Market Cap$22.29B
5Y Perf.+103.9%
CYBR vs ZS — Key Financials
Market cap, revenue, margins, and valuation side-by-side.
| Company Snapshot | CYBR | ZS |
|---|---|---|
| Industry | Software - Infrastructure | Software - Infrastructure |
| Market Cap | $20.64B | $22.29B |
| Revenue (TTM) | $1.36B | $3.00B |
| Net Income (TTM) | $-147M | $-68M |
| Gross Margin | 74.3% | 76.6% |
| Operating Margin | -7.7% | -4.8% |
| Forward P/E | 81.9x | 34.6x |
| Total Debt | $1.22B | $1.80B |
| Cash & Equiv. | $623M | $2.39B |
CYBR vs ZS — Long-Term Stock Performance
Price return indexed to 100 at period start. Dividends excluded.
CYBR
ZS
| Stock | May 20 | Feb 26 | Return |
|---|---|---|---|
| CyberArk Software L… (CYBR) | 100 | 394.0 | +294.0% |
| Zscaler, Inc. (ZS) | 100 | 203.9 | +103.9% |
Price return only. Dividends and distributions are not included.
Quick Verdict: CYBR vs ZS
Each card shows where this stock fits in a portfolio — not just who wins on paper.
Bottom line: CYBR and ZS are tied at the top with 3 categories each — the right choice depends on your priorities. Zscaler, Inc. is the stronger pick specifically for valuation and capital efficiency and profitability and margin quality. As sector peers, any of these can serve as alternatives in the same allocation.
CYBR
CyberArk Software Ltd.
The Income Pick
CYBR has the current edge in this matchup, primarily because of its strength in income & stability and growth exposure.
- beta 0.92
- Rev growth 36.0%, EPS growth -38.2%, 3Y rev CAGR 32.0%
- 9.0% 10Y total return vs ZS's 320.7%
Best for: income & stability and growth exposure
ZS
Zscaler, Inc.
The Value Play
ZS is the clearest fit if your priority is value and quality.
- Lower P/E (34.6x vs 81.9x)
- -2.3% margin vs CYBR's -10.8%
- -1.0% ROA vs CYBR's -3.0%, ROIC -8.4% vs -3.2%
Best for: value and quality
See the full category breakdown
| Category | Winner | Why |
|---|---|---|
| Growth | CYBR | 36.0% revenue growth vs ZS's 23.3% |
| Value | ZS | Lower P/E (34.6x vs 81.9x) |
| Quality / Margins | ZS | -2.3% margin vs CYBR's -10.8% |
| Stability / Safety | CYBR | Beta 0.92 vs ZS's 0.98, lower leverage |
| Dividends | Tie | Neither stock pays a meaningful dividend |
| Momentum (1Y) | CYBR | +12.9% vs ZS's -40.4% |
| Efficiency (ROA) | ZS | -1.0% ROA vs CYBR's -3.0%, ROIC -8.4% vs -3.2% |
CYBR vs ZS — Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
FY 2024
FY 2025
CYBR vs ZS — Financial Metrics
Side-by-side numbers across 2 stocks — who leads on profitability, valuation, growth, and risk.
BEST OVERALLCYBRLAGGINGZS
ZSZscaler, Inc.
2leads
CYBRCyberArk Software Ltd.
2leads
6 Total Categories
CATEGORYLEADERvs ZSMETRICS WON
Income & Cash FlowRevenue, margins, and cash flow strength
ZS5/6
Valuation MetricsMultiples, price ratios, and targets
ZS4/5
Profitability & EfficiencyROE, ROIC, leverage, and quality scores
Tied
—
Total Returns1Y, 3Y, 5Y total returns with dividends
CYBR6/6
Risk & VolatilityBeta, volatility, and downside exposure
CYBR2/2
Analyst OutlookRatings, price targets, and dividends
—
—
Income & Cash Flow (Last 12 Months)
ZS leads this category, winning 5 of 6 comparable metrics.
Income & Cash Flow (Last 12 Months)
ZS is the larger business by revenue, generating $3.0B annually — 2.2x CYBR's $1.4B. ZS is the more profitable business, keeping -2.3% of every revenue dollar as net income compared to CYBR's -10.8%. On growth, ZS holds the edge at +25.9% YoY revenue growth, suggesting stronger near-term business momentum.
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $1.4B | $3.0B |
| EBITDAEarnings before interest/tax | $23M | -$52M |
| Net IncomeAfter-tax profit | -$147M | -$68M |
| Free Cash FlowCash after capex | $259M | $944M |
| Gross MarginGross profit ÷ Revenue | +74.3% | +76.6% |
| Operating MarginEBIT ÷ Revenue | -7.7% | -4.8% |
| Net MarginNet income ÷ Revenue | -10.8% | -2.3% |
| FCF MarginFCF ÷ Revenue | +19.0% | +31.4% |
| Rev. Growth (YoY)Latest quarter vs prior year | +18.5% | +25.9% |
| EPS Growth (YoY)Latest quarter vs prior year | +83.2% | -3.2% |
ZS leads this category, winning 5 of 6 comparable metrics.
Valuation Metrics
ZS leads this category, winning 4 of 5 comparable metrics.
Valuation Metrics
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| Market CapShares × price | $20.6B | $22.3B |
| Enterprise ValueMkt cap + debt − cash | $21.2B | $21.7B |
| Trailing P/EPrice ÷ TTM EPS | -139.54x | -514.19x |
| Forward P/EPrice ÷ next-FY EPS est. | 81.87x | 34.60x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | 908.21x | — |
| Price / SalesMarket cap ÷ Revenue | 15.16x | 8.34x |
| Price / BookPrice ÷ Book value/share | 8.54x | 11.91x |
| Price / FCFMarket cap ÷ FCF | 79.60x | 30.68x |
ZS leads this category, winning 4 of 5 comparable metrics.
Profitability & Efficiency
Evenly matched — CYBR and ZS each lead in 4 of 8 comparable metrics.
Profitability & Efficiency
ZS delivers a -3.1% return on equity — every $100 of shareholder capital generates $-3 in annual profit, vs $-6 for CYBR. CYBR carries lower financial leverage with a 0.51x debt-to-equity ratio, signaling a more conservative balance sheet compared to ZS's 1.00x. On the Piotroski fundamental quality scale (0–9), ZS scores 4/9 vs CYBR's 3/9, reflecting mixed financial health.
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -6.1% | -3.1% |
| ROA (TTM)Return on assets | -3.0% | -1.0% |
| ROICReturn on invested capital | -3.2% | -8.4% |
| ROCEReturn on capital employed | -3.3% | -4.6% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 4 |
| Debt / EquityFinancial leverage | 0.51x | 1.00x |
| Net DebtTotal debt minus cash | $599M | -$592M |
| Cash & Equiv.Liquid assets | $623M | $2.4B |
| Total DebtShort + long-term debt | $1.2B | $1.8B |
| Interest CoverageEBIT ÷ Interest expense | — | 8.97x |
Evenly matched — CYBR and ZS each lead in 4 of 8 comparable metrics.
Total Returns (Dividends Reinvested)
CYBR leads this category, winning 6 of 6 comparable metrics.
Total Returns (Dividends Reinvested)
A $10,000 investment in CYBR five years ago would be worth $35,246 today (with dividends reinvested), compared to $8,296 for ZS. Over the past 12 months, CYBR leads with a +12.9% total return vs ZS's -40.4%. The 3-year compound annual growth rate (CAGR) favors CYBR at 43.4% vs ZS's 8.8% — a key indicator of consistent wealth creation.
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -6.1% | -37.1% |
| 1-Year ReturnPast 12 months | +12.9% | -40.4% |
| 3-Year ReturnCumulative with dividends | +194.8% | +28.6% |
| 5-Year ReturnCumulative with dividends | +252.5% | -17.0% |
| 10-Year ReturnCumulative with dividends | +901.6% | +320.7% |
| CAGR (3Y)Annualised 3-year return | +43.4% | +8.8% |
CYBR leads this category, winning 6 of 6 comparable metrics.
Risk & Volatility
CYBR leads this category, winning 2 of 2 comparable metrics.
Risk & Volatility
CYBR is the less volatile stock with a 0.92 beta — it tends to amplify market swings less than ZS's 0.98 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CYBR currently trades 77.7% from its 52-week high vs ZS's 41.2% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 0.92x | 0.98x |
| 52-Week HighHighest price in past year | $526.19 | $336.99 |
| 52-Week LowLowest price in past year | $347.12 | $114.63 |
| % of 52W HighCurrent price vs 52-week peak | +77.7% | +41.2% |
| RSI (14)Momentum oscillator 0–100 | 38.9 | 52.9 |
| Avg Volume (50D)Average daily shares traded | 0 | 2.9M |
CYBR leads this category, winning 2 of 2 comparable metrics.
Analyst Outlook
Insufficient data to determine a leader in this category.
Analyst Outlook
Wall Street rates CYBR as "Buy" and ZS as "Buy". Consensus price targets imply 99.7% upside for ZS (target: $277) vs 12.3% for CYBR (target: $459).
| Metric | CYBRCyberArk Software… | ZSZscaler, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | Buy | Buy |
| Price TargetConsensus 12-month target | $459.00 | $277.18 |
| # AnalystsCovering analysts | 49 | 52 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | +0.0% | 0.0% |
Insufficient data to determine a leader in this category.
Key Takeaway
ZS leads in 2 of 6 categories (Income & Cash Flow, Valuation Metrics). CYBR leads in 2 (Total Returns, Risk & Volatility). 1 tied.
Best OverallCyberArk Software Ltd. (CYBR)Leads 2 of 6 categories
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CYBR vs ZS: Frequently Asked Questions
9 questions · data-driven answers · updated daily
01Is CYBR or ZS a better buy right now?
For growth investors, CyberArk Software Ltd.
(CYBR) is the stronger pick with 36. 0% revenue growth year-over-year, versus 23. 3% for Zscaler, Inc. (ZS). Analysts rate CyberArk Software Ltd. (CYBR) a "Buy" — based on 49 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — CYBR or ZS?
Over the past 5 years, CyberArk Software Ltd.
(CYBR) delivered a total return of +252. 5%, compared to -17. 0% for Zscaler, Inc. (ZS). Over 10 years, the gap is even starker: CYBR returned +901. 6% versus ZS's +320. 7%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — CYBR or ZS?
By beta (market sensitivity over 5 years), CyberArk Software Ltd.
(CYBR) is the lower-risk stock at 0. 92β versus Zscaler, Inc. 's 0. 98β — meaning ZS is approximately 7% more volatile than CYBR relative to the S&P 500. On balance sheet safety, CyberArk Software Ltd. (CYBR) carries a lower debt/equity ratio of 51% versus 100% for Zscaler, Inc. — giving it more financial flexibility in a downturn.
04Which is growing faster — CYBR or ZS?
By revenue growth (latest reported year), CyberArk Software Ltd.
(CYBR) is pulling ahead at 36. 0% versus 23. 3% for Zscaler, Inc. (ZS). On earnings-per-share growth, the picture is similar: Zscaler, Inc. grew EPS 30. 8% year-over-year, compared to -38. 2% for CyberArk Software Ltd.. Over a 3-year CAGR, ZS leads at 34. 8% annualised revenue growth. Higher growth typically commands a higher valuation multiple — check whether the premium P/E or P/S is justified by the growth rate using the PEG ratio.
05Which has better profit margins — CYBR or ZS?
Zscaler, Inc.
(ZS) is the more profitable company, earning -1. 6% net margin versus -10. 8% for CyberArk Software Ltd. — meaning it keeps -1. 6% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: ZS leads at -4. 8% versus -7. 7% for CYBR. At the gross margin level — before operating expenses — ZS leads at 76. 9%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
06Is CYBR or ZS more undervalued right now?
On forward earnings alone, Zscaler, Inc.
(ZS) trades at 34. 6x forward P/E versus 81. 9x for CyberArk Software Ltd. — 47. 3x cheaper on a one-year earnings basis. Analyst consensus price targets imply the most upside for ZS: 99. 7% to $277. 18.
07Which pays a better dividend — CYBR or ZS?
None of the stocks in this comparison currently pay a material dividend.
All are effectively zero-yield and should be held for capital appreciation rather than income.
08Is CYBR or ZS better for a retirement portfolio?
For long-horizon retirement investors, CyberArk Software Ltd.
(CYBR) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0. 92), +901. 6% 10Y return). Both have compounded well over 10 years (CYBR: +901. 6%, ZS: +320. 7%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
09What are the main differences between CYBR and ZS?
Both stocks operate in the Technology sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both.
These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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