Zscaler ZS Ratios & Valuation
| FY'25 | FY'24 | FY'23 | FY'22 | ||
|---|---|---|---|---|---|
| Profitability | |||||
| Gross margin | 310%-0.7pp | 310.7%-0.7pp | 311.4%+1.3pp | 310.1%+0.3pp | |
| Operating margin | -18.4%+16.2pp | -34.6%+47.3pp | -81.9%+43.1pp | -125%-4.4pp | |
| Net margin | -5.3%+17.8pp | -23.1%+61.9pp | -85%+66.9pp | -151.9%-7.1pp | |
| Returns | |||||
| Return on equity | -9.8%+50.3pp | -60.2%+156pp | -216%+48.4pp | -264.4%-73.5pp | |
| Return on invested capital | -45.8%+50.6pp | -96.4%+52.6pp | -149.1%-44.6pp | -104.4%-27.3pp | |
| Efficiency | |||||
| Asset turnover | 2.1×0.0× | 2.2×+0.2× | 2×+0.4× | 1.6×+0.1× | |
| Liquidity | |||||
| Current ratio | 5.6×-1.2× | 6.8×-1.1× | 7.9×-1.3× | 9.2×-3.5× | |
| Leverage | |||||
| Debt-to-equity | 3.3×-1.6× | 4.9×-3.9× | 8.8×+1.4× | 7.4×-0.1× | |
| Per Share | |||||
| Book value per share | $43.13+56.7% | $27.52+74.1% | $15.80+2.1% | $15.47+2.9% | |
| Valuation | |||||
| Market capitalization | $135.45B+21.5% | $111.45B+45.3% | $76.72B-41.6% | $131.28B+23.5% | |
| Price / sales | 54.1×-2.9× | 57.1×+2.2× | 54.9×-95.3× | 150.2×-34.3× | |
| Price / book | 81.2×-29.4× | 110.6×-28.8× | 139.4×-104× | 243.2×+34.7× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Zscaler's profit margins?
- Zscaler (ZS) runs a 76.7% gross margin and a -4.7% operating margin, with a -2.4% net margin.
- Where do Zscaler's ratios come from?
- Every ratio is computed from Zscaler's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
