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-on-year from 0.5 in Q1 2025, and up 3.26% on a QoQ basis from 0.44 in Q4 2025.

Zscaler (ZS) Asset Utilization Ratio (2018 - 2026) Analysis & Trends

Zscaler (ZS) has 9 years of Asset Utilization Ratio data on file, last reported at 0.45 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 FY2025 full-year figure at 0.48, down 7.85% from the prior year.
  • Asset Utilization Ratio for Q1 2026 stood at 0.45, up from 0.44 in the prior quarter.
  • Over the last five years, Asset Utilization Ratio for ZS reached as high as 0.5 in Q1 2024 and fell as low as 0.37 in Q1 2022.
  • Historically, Asset Utilization Ratio has averaged 0.46 across 5 years, with a median of 0.47 in 2023.
  • Across the five-year window, Asset Utilization Ratio surged 31.34% in 2022 and slipped 10.23% in 2025, its largest moves.
  • Year by year, Asset Utilization Ratio stood at 0.43 in 2022, then climbed by 13.14% to 0.49 in 2023, then grew by 0.62% to 0.49 in 2024, then slipped by 10.23% to 0.44 in 2025, then grew by 3.26% to 0.45 in 2026.
  • Per Business Quant data, the three most recent Asset Utilization Ratio figures were 0.45 in Q1 2026, 0.44 in Q4 2025, and 0.45 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 Microsoft 2,842.90 Bn 2,718.46 Bn 56.06 Bn 0.47
2 PagSeguro Digital 2,572.26 Bn 2,572.26 Bn 358.92 Mn 0.27
3 Oracle 329.59 Bn 297.69 Bn - 0.27
4 Repay Holdings 314.63 Bn 314.48 Bn - -
5 Palantir Technologies 294.47 Bn 286.44 Bn 1.42 Bn 0.55
6 Palo Alto Networks 227.51 Bn 222.98 Bn 1.91 Bn 0.41
7 CrowdStrike Holdings 183.28 Bn 180.18 Bn 993.68 Mn 0.46
8 Fortinet 112.44 Bn 109.14 Bn 1.49 Bn 0.70
9 Cloudflare 92.78 Bn 91.83 Bn 455.60 Mn 0.38
10 Zscaler 22.71 Bn 19.35 Bn 624.49 Mn 0.45

Historic Data

Download Data
DateValue
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