Zscaler (ZS) Return on Capital Employed (2018 - 2026)
Zscaler (ZS) reported Return on Capital Employed of 3.4% for Q1 2026, up 217.0% year-over-year from 1.07% in Q1 2025, and down 5.33% quarter-over-quarter from 3.23% in Q4 2025.
Zscaler (ZS) Return on Capital Employed (2018 - 2026) Analysis & Trends
Zscaler (ZS) has 9 years of Return on Capital Employed data on file, last reported at 3.4% in Q1 2026.
- Return on Capital Employed for Q1 2026 came in at 3.4%, up 217.0% year-over-year; the trailing twelve-month figure through Jan 2026 was 3.4% (up 217.0% YoY), and the FY2025 annual result was 4.1%, up 754.0% from the prior year.
- Return on Capital Employed eased to 3.4% in Q1 2026 per ZS's latest filing, from 3.23% in the prior quarter.
- Over five years, Return on Capital Employed peaked at 3.23% in Q4 2025 and troughed at 21.2% in Q3 2022.
- A 5-year average of 10.85% and a median of 9.07% in 2024 frame the typical range for Return on Capital Employed.
- The sharpest annual moves came in 2022 and 2024: Return on Capital Employed plunged 724 bps in 2022, then jumped 901 bps in 2024.
- A 5-year view of Return on Capital Employed shows it stood at 18.7% in 2022, then jumped by 47 bps to 9.85% in 2023, then surged by 38 bps to 6.09% in 2024, then surged by 47 bps to 3.23% in 2025, then declined by 5 bps to 3.4% in 2026.
- Business Quant data shows ZS's Return on Capital Employed at 3.4% in Q1 2026, 3.23% in Q4 2025, and 3.72% in Q3 2025.
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| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,095.86 Bn | 3,017.59 Bn | 56.06 Bn | 27.43% |
| 2 | Alarum Technologies | 1,030.32 Bn | 1,016.16 Bn | 7.23 Mn | 0.01% |
| 3 | Oracle | 614.12 Bn | 575.54 Bn | 15.14 Bn | 10.62% |
| 4 | Palantir Technologies | 324.44 Bn | 316.52 Bn | 1.42 Bn | 24.39% |
| 5 | Palo Alto Networks | 189.07 Bn | 184.54 Bn | 1.91 Bn | 8.75% |
| 6 | CrowdStrike Holdings | 168.14 Bn | 165.09 Bn | 993.68 Mn | -4.62% |
| 7 | Fortinet | 106.89 Bn | 103.59 Bn | 1.49 Bn | 40.10% |
| 8 | Cloudflare | 88.20 Bn | 87.25 Bn | 455.60 Mn | -5.85% |
| 9 | Synopsys | 88.13 Bn | 88.01 Bn | 1.77 Bn | 1.98% |
| 10 | Zscaler | 20.81 Bn | 17.30 Bn | 624.49 Mn | -3.40% |
Historic Data
Download Data| Date | Value |
|---|---|
| Jan 31, 2026 | -3.40% |
| Oct 31, 2025 | -3.23% |
| Jul 31, 2025 | -3.72% |
| Apr 30, 2025 | -6.14% |
| Jan 31, 2025 | -5.57% |
| Oct 31, 2024 | -6.09% |
| Jul 31, 2024 | -9.07% |
| Apr 30, 2024 | -5.88% |
| Jan 31, 2024 | -8.71% |
| Oct 31, 2023 | -9.85% |
| Jul 31, 2023 | -12.56% |
| Apr 30, 2023 | -14.89% |
| Jan 31, 2023 | -17.50% |
| Oct 31, 2022 | -18.70% |
| Jul 31, 2022 | -21.20% |
| Apr 30, 2022 | -20.01% |
| Jan 31, 2022 | -17.84% |
| Oct 31, 2021 | -15.46% |
| Jul 31, 2021 | -14.43% |
| Apr 30, 2021 | -12.77% |