Zscaler (ZS) Asset Utilization Ratio (2018 - 2026)
Zscaler (ZS) posted quarterly Asset Utilization Ratio of 0.45 for Q1 2026, down 9.19% year-over-year from 0.5 in Q1 2025, and up 3.26% quarter-over-quarter from 0.44 in Q4 2025.
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Analysis
Zscaler (ZS) Asset Utilization Ratio (2018 - 2026) Analysis & Trends
Zscaler (ZS) has reported Asset Utilization Ratio for 9 consecutive years, with 0.45 the latest figure, recorded in Q1 2026.
- In Q1 2026, Asset Utilization Ratio fell 9.19% year-over-year to 0.45; the TTM figure through Jan 2026 stood at 0.45 (down 9.19% YoY), while the FY2025 annual figure was 0.48, down 7.85% from the prior year.
- Asset Utilization Ratio improved to 0.45 in Q1 2026 per ZS's latest filing, from 0.44 in the prior quarter.
- Across five years, Asset Utilization Ratio topped out at 0.5 in Q1 2024 and bottomed at 0.37 in Q1 2022.
- Historically, Asset Utilization Ratio has averaged 0.46 across 5 years, with a median of 0.47 in 2023.
- Annual changes were most pronounced in 2022 — Asset Utilization Ratio jumped 31.34% — and 2025, when it declined 10.23%.
- Zscaler's Asset Utilization Ratio stood at 0.43 in 2022, then gained by 13.14% to 0.49 in 2023, then advanced by 0.62% to 0.49 in 2024, then retreated by 10.23% to 0.44 in 2025, then advanced by 3.26% to 0.45 in 2026.
- Business Quant data shows ZS's Asset Utilization Ratio at 0.45 in Q1 2026, 0.44 in Q4 2025, and 0.45 in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,718.29 Bn | 3,585.54 Bn | 60.48 Bn | 0.46 |
| 2 | Oracle | 452.14 Bn | 420.24 Bn | - | 0.27 |
| 3 | Palantir Technologies | 418.25 Bn | 408.84 Bn | 1.64 Bn | 0.56 |
| 4 | Palo Alto Networks | 265.90 Bn | 262.79 Bn | 2.03 Bn | 0.30 |
| 5 | CrowdStrike Holdings | 217.15 Bn | 212.14 Bn | 1.10 Bn | 0.46 |
| 6 | Fortinet | 114.54 Bn | 110.47 Bn | 1.64 Bn | 0.73 |
| 7 | Cloudflare | 98.54 Bn | 94.37 Bn | 499.52 Mn | 0.40 |
| 8 | Synopsys | 75.44 Bn | 71.83 Bn | 1.80 Bn | 0.19 |
| 9 | Block | 49.56 Bn | 43.13 Bn | 3.17 Bn | 0.63 |
| 10 | Zscaler | 27.01 Bn | 23.50 Bn | 624.49 Mn | 0.45 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 0.45 |
| Oct 31, 2025 | 0.44 |
| Jul 31, 2025 | 0.45 |
| Apr 30, 2025 | 0.49 |
| Jan 31, 2025 | 0.50 |
| Oct 31, 2024 | 0.49 |
| Jul 31, 2024 | 0.49 |
| Apr 30, 2024 | 0.50 |
| Jan 31, 2024 | 0.50 |
| Oct 31, 2023 | 0.49 |
| Jul 31, 2023 | 0.47 |
| Apr 30, 2023 | 0.47 |
| Jan 31, 2023 | 0.46 |
| Oct 31, 2022 | 0.43 |
| Jul 31, 2022 | 0.41 |
| Apr 30, 2022 | 0.39 |
| Jan 31, 2022 | 0.37 |
| Oct 31, 2021 | 0.34 |
| Jul 31, 2021 | 0.31 |
| Apr 30, 2021 | 0.30 |