Zscaler (ZS) Price to FCF (2018 - 2026)
Zscaler's (ZS) quarterly Price to FCF came in at 33.52 in Q1 2026, down 18.81% year-over-year from 41.28 in Q1 2025, and down 40.97% quarter-over-quarter from 56.79 in Q4 2025.
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Analysis
Zscaler (ZS) Price to FCF (2018 - 2026) Analysis & Trends
Zscaler (ZS) has reported Price to FCF for 9 consecutive years, with 33.52 the latest figure, recorded in Q1 2026.
- On a quarterly basis, Price to FCF fell 18.81% year-over-year to 33.52 in Q1 2026; TTM through Jan 2026 was 33.52, a 18.81% decrease from a year earlier, with the FY2026 full-year figure at 28.92, down 48.29% from the prior year.
- Price to FCF was 33.52 for Q1 2026 at Zscaler, down from 56.79 in the prior quarter.
- Over five years, Price to FCF peaked at 172.35 in Q1 2022 and troughed at 33.52 in Q1 2026.
- A 5-year average of 65.95 and a median of 55.93 in 2025 frame the typical range for Price to FCF.
- Across the five-year window, Price to FCF plunged 72.77% in 2023 and surged 45.78% in 2025, its largest moves.
- Over 5 years, Price to FCF stood at 82.6 in 2022, then plunged by 42.32% to 47.64 in 2023, then decreased by 18.23% to 38.95 in 2024, then surged by 45.78% to 56.79 in 2025, then slumped by 40.97% to 33.52 in 2026.
- The last three Price to FCF figures came in at 33.52 (Q1 2026), 56.79 (Q4 2025), and 55.93 (Q3 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Palo Alto Networks | 320.54 Bn | 317.47 Bn | 2.30 Bn |
| 2 | CrowdStrike Holdings | 268.77 Bn | 263.80 Bn | 1.10 Bn |
| 3 | Fortinet | 131.12 Bn | 127.05 Bn | 1.64 Bn |
| 4 | Snowflake | 118.02 Bn | 115.67 Bn | 1.04 Bn |
| 5 | Datadog | 90.27 Bn | 85.29 Bn | 881.34 Mn |
| 6 | Axon Enterprise | 36.61 Bn | 35.93 Bn | 546.45 Mn |
| 7 | Zscaler | 34.97 Bn | 31.49 Bn | - |
| 8 | MongoDB | 34.51 Bn | 32.10 Bn | 569.77 Mn |
| 9 | Okta | 34.32 Bn | 32.02 Bn | 641.00 Mn |
| 10 | Baidu | 30.55 Bn | 8.15 Bn | 1.76 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jan 31, 2026 | 33.92 |
| Oct 31, 2025 | 57.10 |
| Jul 31, 2025 | 55.93 |
| Apr 30, 2025 | 45.62 |
| Jan 31, 2025 | 40.67 |
| Oct 31, 2024 | 38.66 |
| Jul 31, 2024 | 43.05 |
| Apr 30, 2024 | 44.35 |
| Jan 31, 2024 | 66.04 |
| Oct 31, 2023 | 47.64 |
| Jul 31, 2023 | 64.64 |
| Apr 30, 2023 | 38.87 |
| Jan 31, 2023 | 58.95 |
| Oct 31, 2022 | 82.60 |
| Jul 31, 2022 | 87.80 |
| Apr 30, 2022 | 142.71 |
| Jan 31, 2022 | 172.35 |
| Oct 31, 2021 | 227.73 |
| Jul 31, 2021 | 212.59 |
| Apr 30, 2021 | 188.26 |
API Access
Zscaler Price to FCF 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=price-to-fcf&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "price-to-fcf", "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=price-to-fcf&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();