CRWV vs. ZS: CoreWeave vs. Zscaler Stock Comparison
How do CoreWeave (CRWV) and Zscaler (ZS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
CoreWeave (CRWV) and Zscaler (ZS) both fall under the Software & Services industry group, but CRWV is classified in IT Services while ZS is classified in Software.
Zscaler (ZS) has been public since March 16, 2018, giving it a longer listed trading history, while CoreWeave (CRWV) listed on March 28, 2025 and still has a shorter public-market record.
| Profile Item | CRWV | ZS |
|---|---|---|
| Name | CoreWeave Inc. Class A Common Stock | Zscaler Inc. |
| Country/Region | United States | United States |
| GICS Sector | Information Technology | Information Technology |
| GICS Industry Group | Software & Services | Software & Services |
| GICS Industry | IT Services | Software |
| GICS Sub-Industry | Internet Services & Infrastructure | Systems Software |
| Market Capitalization | 25.59 billion USD | 32.23 billion USD |
| Currency | USD | USD |
| Exchange | Nasdaq | Nasdaq |
| Listing Date | March 28, 2025 | March 16, 2018 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | CRWV | ZS |
|---|---|---|
| Total Return (1Y) | -52.69% | -37.61% |
| Total Return (3Y, Annualized) | -- | 5.36% |
| Total Return (5Y, Annualized) | -- | -10.75% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
CoreWeave (CRWV) carries a highly aggressive beta of 7.43, indicating much higher sensitivity to broad-market moves, whereas Zscaler (ZS) is closer to market-like at 0.88 — a noticeable difference in market-sensitivity profile.
| Metric | CRWV | ZS |
|---|---|---|
| Volatility (1Y, Annualized) | 98.61% | 68.66% |
| Beta (5Y) | 7.43 | 0.88 |
| Max Drawdown (5Y) | -76.22% | -76.41% |
| Avg. Volume (3M) | 40.98M | 2.92M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | CRWV | ZS |
|---|---|---|
| Sharpe Ratio (1Y) | -0.58 | -0.61 |
| Sortino Ratio (1Y) | -0.86 | -0.79 |
Profitability
ROE (TTM)
Both CoreWeave (CRWV) at -43.60% and Zscaler (ZS) at -2.87% report negative ROE values. Negative ROE can reflect losses or negative shareholders’ equity, so both readings need extra context.
CRWV
Software & Services industry group
-43.60%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- Q1
- -9.59%
- CRWV
- -43.60%
- Min
- -50.52%
ZS
Software & Services industry group
-2.87%
- Max
- 53.85%
- Q3
- 17.90%
- Median
- 6.59%
- ZS
- -2.87%
- Q1
- -9.59%
- Min
- -50.52%
Net Margin (TTM)
Both CoreWeave (CRWV) at -25.40% and Zscaler (ZS) at -1.89% report negative net margin values, usually indicating net losses over the period.
CRWV
Software & Services industry group
-25.40%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- Q1
- -5.42%
- CRWV
- -25.40%
- Min
- -33.17%
ZS
Software & Services industry group
-1.89%
- Max
- 41.17%
- Q3
- 15.28%
- Median
- 4.63%
- ZS
- -1.89%
- Q1
- -5.42%
- Min
- -33.17%
Operating Margin (TTM)
Both CoreWeave (CRWV) at -1.90% and Zscaler (ZS) at -1.01% report negative operating margin values, usually indicating operating losses over the period.
CRWV
Software & Services industry group
-1.90%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- CRWV
- -1.90%
- Q1
- -2.13%
- Min
- -30.45%
ZS
Software & Services industry group
-1.01%
- Max
- 46.89%
- Q3
- 17.64%
- Median
- 8.73%
- ZS
- -1.01%
- Q1
- -2.13%
- Min
- -30.45%
Profitability Metrics
| Metric | CRWV | ZS |
|---|---|---|
| ROE (TTM) | -43.60% | -2.87% |
| ROA (TTM) | -0.24% | -1.03% |
| Net Margin (TTM) | -25.40% | -1.89% |
| Operating Margin (TTM) | -1.90% | -1.01% |
| Gross Margin (TTM) | 67.42% | 76.87% |
Growth
Revenue Growth
CoreWeave (CRWV) at 167.94% clears its industry range for revenue growth, far stronger top-line momentum than Zscaler (ZS) at 25.42%, which is closer to a typical peer reading.
EPS Growth
Neither CoreWeave (CRWV) nor Zscaler (ZS) reports a EPS growth value for this period, so a direct comparison isn't possible.
Growth Metrics
| Metric | CRWV | ZS |
|---|---|---|
| Revenue Growth (YoY) | 167.94% | 25.42% |
| Revenue Growth (3Y CAGR) | 586.92% | 27.51% |
| EPS Growth (YoY) | -- | -- |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
Zscaler (ZS) at 1.70 keeps current ratio within its industry’s typical mid-range, while CoreWeave (CRWV) at 0.46 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for CRWV.
CRWV
Software & Services industry group
0.46
- Max
- 5.11
- Q3
- 2.77
- Median
- 1.67
- Q1
- 1.01
- CRWV
- 0.46
- Min
- 0.03
ZS
Software & Services industry group
1.70
- Max
- 5.11
- Q3
- 2.77
- ZS
- 1.70
- Median
- 1.67
- Q1
- 1.01
- Min
- 0.03
Debt / Equity (MRQ)
Zscaler (ZS) at 0.72 is near its industry mid-range for debt-to-equity ratio, while CoreWeave (CRWV) at 10.27 sits above its benchmark range, pointing to a heavier debt load relative to equity.
CRWV
Software & Services industry group
10.27
- CRWV
- 10.27
- Max
- 2.52
- Q3
- 1.13
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
ZS
Software & Services industry group
0.72
- Max
- 2.52
- Q3
- 1.13
- ZS
- 0.72
- Median
- 0.40
- Q1
- 0.07
- Min
- 0.00
Financial Strength Metrics
| Metric | CRWV | ZS |
|---|---|---|
| Current Ratio (MRQ) | 0.46 | 1.70 |
| Debt / Equity (MRQ) | 10.27 | 0.72 |
| Net Debt / EBITDA | 12.16 | -36.63 |
Dividends
Dividend Yield (TTM)
Neither CoreWeave (CRWV) nor Zscaler (ZS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ZS
Software & Services industry group
0.00%
- ZS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Neither CoreWeave (CRWV) nor Zscaler (ZS) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.
CRWV
Software & Services industry group
0.00%
- CRWV
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
ZS
Software & Services industry group
0.00%
- ZS
- 0.00%
- Max
- 0.00%
- Q3
- 0.00%
- Median
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | CRWV | ZS |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.00% |
| Dividend Payout Ratio (TTM) | 0.00% | 0.00% |
Valuation
P/E Ratio (TTM)
Neither CoreWeave (CRWV) nor Zscaler (ZS) reports a P/E ratio value for this period, so a direct comparison isn’t possible.
CRWV
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- CRWV
- --
ZS
Software & Services industry group
--
- Max
- 112.94
- Q3
- 60.32
- Median
- 32.91
- Q1
- 18.77
- Min
- 6.69
- ZS
- --
P/S Ratio (TTM)
CoreWeave (CRWV) at 3.37 is priced about in line with its industry on P/S ratio, while Zscaler (ZS) at 9.61 sits in the pricier quartile — ZS costs more per dollar of sales.
CRWV
Software & Services industry group
3.37
- Max
- 17.91
- Q3
- 8.78
- Median
- 4.25
- CRWV
- 3.37
- Q1
- 2.23
- Min
- 0.02
ZS
Software & Services industry group
9.61
- Max
- 17.91
- ZS
- 9.61
- Q3
- 8.78
- Median
- 4.25
- Q1
- 2.23
- Min
- 0.02
P/B Ratio (MRQ)
CoreWeave (CRWV) at 5.09 is valued about in line with its industry on P/B ratio, while Zscaler (ZS) at 12.40 carries an above-peer premium to book — ZS is pricier on assets.
CRWV
Software & Services industry group
5.09
- Max
- 16.63
- Q3
- 8.50
- CRWV
- 5.09
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
ZS
Software & Services industry group
12.40
- Max
- 16.63
- ZS
- 12.40
- Q3
- 8.50
- Median
- 4.30
- Q1
- 1.92
- Min
- -3.90
Valuation Metrics
| Metric | CRWV | ZS |
|---|---|---|
| P/E Ratio (TTM) | -- | -- |
| P/S Ratio (TTM) | 3.37 | 9.61 |
| P/B Ratio (MRQ) | 5.09 | 12.40 |
| Free Cash Flow Yield (TTM) | -35.51% | 3.34% |