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Zscaler ZS Price / sales

Price / sales at other companies

Cisco Systems, Inc. logo
Cisco Systems, Inc.CSCO
5.9×+1.9×
Fortinet logo
FortinetFTNT
8.5×-3.5×
Cloudflare, Inc. logo
Cloudflare, Inc.NET
31.2×+9.2×
CrowdStrike Holdings, Inc. logo
CrowdStrike Holdings, Inc.CRWD
22.2×-2.6×
Broadcom Inc. logo
Broadcom Inc.AVGO
28×+8.6×
Akamai Technologies logo
Akamai TechnologiesAKAM
3.9×+0.9×

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$20.11B-35.4%
Enterprise value$20.86B-31.5%

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×

Where this comes from

Calculated from Zscaler’s reported figures.

Based on the most recent quarter.

The official record: Zscaler’s 10-Q, filed May 26, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zscaler's price / sales?
Zscaler (ZS) reported price / sales of 6.6× in Q1 2026.
How has Zscaler's price / sales changed year-over-year?
Zscaler's price / sales decreased by 48.1% year-over-year, from 12.8× to 6.6×.
What is the long-term trend for Zscaler's price / sales?
Over 4 years (2021 to 2025), Zscaler's price / sales has grown at a -26.4% compound annual growth rate (CAGR), from 184.5× to 54.1×.
What does price / sales mean?
How many dollars investors pay for each dollar of the company's annual sales.
How do you interpret price / sales?
Useful when earnings are negative or volatile (e.g. early-stage or cyclical firms). Only comparable across companies with similar margins — a sales dollar is worth more at a high-margin business.
How does price / sales compare across companies?
Best compared within a margin cohort; a software P/S and a retailer P/S are not directly comparable.