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Stock Comparison · Broad operating lead

Illumina vs Zoom Communications: Which Stock Looks Stronger in 2026?

Zoom Communications holds the cleaner structural position, with growth as the main driver and valuation adding further support. The market setup is mixed, without a decisive signal in either direction. The market is not adding a decisive signal either way — the structural read carries the weight.

The comparison is based on similar long-term financial trajectories, not sector labels. Both peer scores are relative to the Russell 1000 universe, making them directly comparable.

Updated 2026-05-17

The clearest separation starts in growth, but valuation adds another real layer to the result. Zoom Communications, Inc. leads by 11 points on the overall comparison score.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #1
within Illumina, Inc.'s functional peer set

These two companies are linked by measured long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The clearest structural overlap shows up in revenue stability and investment intensity.

Similarity drivers
revenue stabilityinvestment intensity
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
ILMN
Illumina, Inc.
51
Peer-Score
Signal qualityMedium
Peer basis: Russell 1000
vs
ZM
Zoom Communications, Inc.
62
Peer-Score
Signal qualitylow
Peer basis: Russell 1000

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

More than one operating dimension supports the result here.

Dimension spread: ILMN vs ZM Profitability 75 79 Stability 20 14 Valuation 60 82 Growth 30 56 ILMN ZM
Gap Ranking
#1 Growth +26
#2 Valuation +22
#3 Stability +6
#4 Profitability +4
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for ILMN and ZM Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer ILMNZM Relative valuation Structural strength

Zoom Communications, Inc. still looks stronger, and the price setup does not materially undermine that lead.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Entry today — historical context

Where ILMN and ZM each sit in their own 5-year price and valuation history.

BASED ON 5-YEAR HISTORY ILMN Neutral · above norm 0th 50th 100th 26 pct gap ZM Elevated · below norm 0th 50th 100th 51st 77th
Today ILMN sits in the upper-middle of its own 5-year history (51st percentile), while ZM sits higher in its own history (77th). Within each stock's own 5-year context, ILMN is at a historically more favourable entry position than ZM. This reflects entry timing, not which company is structurally stronger — peer-relative analysis is a separate question addressed above.

Describes historical entry positioning only. Descriptive — not investment advice.

Relative Position vs Comparable Companies
Growth
On growth, Zoom Communications, Inc. is positioned higher in the group, while Illumina, Inc. is closer to the middle.
Valuation
Both profiles are strong on valuation, but Zoom Communications, Inc. leads clearly.
Growth — Dominant Gap
ILMN
30
ZM
56
Gap+26in favour of ZM

Earnings growth is one contributing factor within the growth lead.

What else supports the lead

A forward P/E that is 7.7 turns lower adds a second meaningful layer to the lead.

What this means for the comparison

Growth is the clearest driver, and valuation also supports Zoom Communications, Inc.'s broader structural position.

Explore full peer positioning in AssetNext

Break down the ILMN vs ZM comparison across all dimensions with the full interactive tool.

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Similar growth-and-valuation comparisons

Explore how ILMN and ZM each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Because scores are peer-relative, the same company can have slightly different scores in different index universes. On comparison pages, both companies are shown within their shared peer universe wherever possible — so the scores are directly comparable. The peer basis is stated on each score card.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.