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Zscaler ZS EV / EBITDA

EV / EBITDA at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
23.2×+5.9×
Fortinet logo
FortinetFTNT
24.8×-9.8×
Cloudflare, Inc. logo
Cloudflare, Inc.NET
589.6×+42.2×
CrowdStrike Holdings, Inc. logo
CrowdStrike Holdings, Inc.CRWD
1,183×
Broadcom Inc. logo
Broadcom Inc.AVGO
52.2×+13.1×
Akamai Technologies logo
Akamai TechnologiesAKAM
14.3×+4.1×

Other financials

Income statement

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Revenue$850.5M+25.4%
Gross profit$657.8M+26.0%
Operating income-$29.6M-16.6%
Net income-$13.9M-237%
EPS (diluted)-$0.09-200%

Balance sheet

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Cash & equivalents$982.1M-50.7%
Total debt$1.7B+40.9%
Total equity$2.4B+31.1%
Total assets$7.1B+32.9%

Cash flow

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Operating cash flow$198.0M-6.2%
CapEx$42.4M-41.2%
Free cash flow$155.6M+12.0%

Valuation

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Market cap$20.19B-35.4%
Enterprise value$20.94B-31.5%
P/S6.4×-5.9×

Profitability

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Gross margin76.7%-0.7pp
Operating margin-4.7%-0.1pp
Net margin-2.4%+3.7pp

Returns & leverage

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Return on equity-3.7%+2.3pp
Debt / equity0.7×+0.1×
Current ratio1.9×+0.6×

Questions, answered.

What does EV / EBITDA mean?
What the whole business (debt included) costs relative to its operating cash earnings.
How do you interpret EV / EBITDA?
Lets you compare companies with different leverage and tax positions on a like-for-like basis — the standard multiple in M&A. Lower can mean cheaper, subject to growth and capital intensity.
How does EV / EBITDA compare across companies?
Broadly comparable across non-financial sectors; not used for banks and insurers, where EBITDA is not meaningful.