RingCentral, Inc. vs Zoom Communications, Inc.
Side-by-Side SaaS Metrics & Valuation Comparison
analyticsCommunications
Data as of Q2 2026
Summary Verdict
RNG: 1—ZM: 4wins
Rule of 40
25.9RNG
45.3ZM
check_circleZM leads
Revenue Growth
6.7%RNG
6.4%ZM
check_circleRNG leads
Gross Margin
72%RNG
78%ZM
check_circleZM leads
FCF Margin
19.2%RNG
38.9%ZM
check_circleZM leads
Operating Margin
6.6%RNG
25.3%ZM
check_circleZM leads
NRR
—RNG
—ZM
Metric
Rule of 40Efficiency score
RNG
25.9
ZM
45.3check_circle
Revenue GrowthYoY
RNG
6.7%check_circle
ZM
6.4%
Gross Margin% of revenue
RNG
72%
ZM
78%check_circle
FCF MarginFree cash flow
RNG
19.2%
ZM
38.9%check_circle
Operating MarginGAAP
RNG
6.6%
ZM
25.3%check_circle
NRRNet retention
RNG
N/A
ZM
N/A
EV / RevenueValuation multiple
RNG
2.9xcheck_circle
ZM
5.0x
Market CapUSD
RNG
$6.2B
ZM
$26.0Bcheck_circle
ARR GrowthYoY
RNG
N/A
ZM
N/A
CAC PaybackMonths to recover
RNG
N/A
ZM
N/A
insights
Analysis
As of Q2 2026, RingCentral, Inc. trades at 2.9x EV/Revenue versus Zoom Communications, Inc. at 5.0x. On the Rule of 40, RingCentral, Inc. scores 25.9 compared to Zoom Communications, Inc.'s 45.3, placing Zoom Communications, Inc. ahead in operating efficiency. Gross margins stand at RingCentral, Inc. 72% vs Zoom Communications, Inc. 78%.
Sector Context
Both companies operate in the Communications sector. The median columns above show where each company stands relative to their peers.