Zscaler (ZS) Equity Ratio (2017 - 2026)

Zscaler (ZS) reported Equity Ratio of 0.33 for Q1 2026, up 1.26% year-over-year from 0.32 in Q1 2025, and up 6.66% quarter-over-quarter from 0.3 in Q4 2025.

Zscaler (ZS) Equity Ratio (2017 - 2026) Analysis & Trends

Zscaler (ZS) has 10 years of Equity Ratio data on file, last reported at 0.33 in Q1 2026.

  • Equity Ratio for Q1 2026 came in at 0.33, up 1.26% year-over-year; the trailing twelve-month figure through Jan 2026 was 0.33 (up 1.26% YoY), and the FY2025 annual result was 0.28, up 3.5% from the prior year.
  • Equity Ratio grew to 0.33 in Q1 2026 per ZS's latest filing, from 0.3 in the prior quarter.
  • Over five years, Equity Ratio peaked at 0.34 in Q2 2025 and troughed at 0.15 in Q4 2022.
  • A 5-year average of 0.25 and a median of 0.24 in 2024 frame the typical range for Equity Ratio.
  • The sharpest annual moves came in 2022 and 2023: Equity Ratio plunged 34.85% in 2022, then jumped 46.05% in 2023.
  • A 5-year view of Equity Ratio shows it stood at 0.15 in 2022, then soared by 46.05% to 0.22 in 2023, then surged by 36.58% to 0.3 in 2024, then grew by 0.48% to 0.3 in 2025, then rose by 6.66% to 0.33 in 2026.
  • Business Quant data shows ZS's Equity Ratio at 0.33 in Q1 2026, 0.3 in Q4 2025, and 0.28 in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 Microsoft 3,095.86 Bn 3,017.59 Bn 56.06 Bn 0.60
2 Alarum Technologies 1,030.32 Bn 1,016.16 Bn 7.23 Mn -
3 Oracle 614.12 Bn 575.54 Bn 15.14 Bn 0.16
4 Palantir Technologies 324.44 Bn 316.52 Bn 1.42 Bn 0.83
5 Palo Alto Networks 189.07 Bn 184.54 Bn 1.91 Bn 0.38
6 CrowdStrike Holdings 168.14 Bn 165.09 Bn 993.68 Mn 0.40
7 Fortinet 106.89 Bn 103.59 Bn 1.49 Bn 0.10
8 Cloudflare 88.20 Bn 87.25 Bn 455.60 Mn 0.25
9 Synopsys 88.13 Bn 88.01 Bn 1.77 Bn 0.65
10 Zscaler 20.81 Bn 17.30 Bn 624.49 Mn 0.33

Historic Data

Download Data
DateValue
Jan 31, 2026 0.33
Oct 31, 2025 0.30
Jul 31, 2025 0.28
Apr 30, 2025 0.34
Jan 31, 2025 0.32
Oct 31, 2024 0.30
Jul 31, 2024 0.27
Apr 30, 2024 0.26
Jan 31, 2024 0.24
Oct 31, 2023 0.22
Jul 31, 2023 0.20
Apr 30, 2023 0.19
Jan 31, 2023 0.17
Oct 31, 2022 0.15
Jul 31, 2022 0.20
Apr 30, 2022 0.21
Jan 31, 2022 0.22
Oct 31, 2021 0.23
Jul 31, 2021 0.23
Apr 30, 2021 0.25