Snowflake vs Zoom Communications
Snowflake and Zoom Communications are similar in size: $4.68bn and $4.87bn of revenue in their latest fiscal years. Snowflake grew faster (29.2% against 4.4%). Zoom Communications kept more of each dollar of sales as profit: a net margin of 39.0% against -28.4%.
| Latest fiscal year | SnowflakeSNOW, 2026 | Zoom CommunicationsZM, 2026 |
|---|---|---|
| Revenue | $4.68bn | $4.87bn |
| Revenue growth | 29.2% | 4.4% |
| Net income | −$1.33bn | $1.90bn |
| Operating margin | -30.6% | 23.1% |
| Net margin | -28.4% | 39.0% |
| Return on equity | -54.1% | 20.3% |
| Free cash flow | $1.12bn | $1.92bn |
| Cash | $2.83bn | $1.27bn |
| Total debt | — | — |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $874m | $1.62bn |
| Employees | 9,060 | 7,438 |
| Market value | $103.98bn | $27.48bn |
| Price vs our value range | — | Within our value range |
| Moat score | 54 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 0 buys, 342 sales | 0 buys, 191 sales |