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| 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 |