Zscaler (ZS) Asset Utilization Ratio (2018 - 2026)

Zscaler's (ZS) quarterly Asset Utilization Ratio came in at 0.45 in 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.

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.

On a quarterly basis, Asset Utilization Ratio fell 9.19% year-over-year to 0.45 in Q1 2026; TTM through Jan 2026 was 0.45, a 9.19% decrease from a year earlier, with the FY2026 full-year figure at 0.47, down 2.34% from the prior year.
Asset Utilization Ratio was 0.45 for Q1 2026 at Zscaler, up from 0.44 in the prior quarter.
Over five years, Asset Utilization Ratio peaked at 0.5 in Q1 2024 and troughed at 0.37 in Q1 2022.
A 5-year average of 0.46 and a median of 0.47 in 2023 frame the typical range for Asset Utilization Ratio.
Across the five-year window, Asset Utilization Ratio soared 31.34% in 2022 and dropped 10.23% in 2025, its largest moves.
Over 5 years, Asset Utilization Ratio stood at 0.43 in 2022, then increased by 13.14% to 0.49 in 2023, then rose by 0.62% to 0.49 in 2024, then declined by 10.23% to 0.44 in 2025, then rose by 3.26% to 0.45 in 2026.
The last three Asset Utilization Ratio figures came in at 0.45 (Q1 2026), 0.44 (Q4 2025), and 0.45 (Q3 2025), per Business Quant data.

Peer Set

Peer Comparison

All peers

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Asset Util. (Qtr)
1	Palo Alto Networks	320.54 Bn	317.47 Bn	2.30 Bn	0.24
2	CrowdStrike Holdings	268.77 Bn	263.80 Bn	1.10 Bn	0.46
3	Fortinet	131.12 Bn	127.05 Bn	1.64 Bn	0.73
4	Snowflake	118.02 Bn	115.67 Bn	1.04 Bn	0.63
5	Datadog	90.27 Bn	85.29 Bn	881.34 Mn	0.55
6	Axon Enterprise	36.61 Bn	35.93 Bn	546.45 Mn	0.44
7	Zscaler	34.97 Bn	31.49 Bn	-	-
8	MongoDB	34.51 Bn	32.10 Bn	569.77 Mn	0.75
9	Okta	34.32 Bn	32.02 Bn	641.00 Mn	0.33
10	Baidu	30.55 Bn	8.15 Bn	1.76 Mn	0.27

Historic Data

Download 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

API Access

Zscaler Asset Utilization Ratio API

Pull this series into your own models, spreadsheets and apps with the Business Quant Historical Metrics API. The request below matches the chart above — change the frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.

https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ZS&period=max&api_key=YOUR_API_KEY

import requests

url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "ZS", "period": "max", "api_key": "YOUR_API_KEY"}

data = requests.get(url, params=params).json()

const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();

API documentation

Zscaler (ZS) Asset Utilization Ratio (2018 - 2026)