Zscaler (ZS) Return on Capital Employed [ROCE] (2018 - 2026)
Zscaler's Return on Capital Employed [ROCE] came in at -3.19% for FY2026 (year ended Jul 31, 2026), up 0.91 percentage points from -4.10% in FY2025.
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Analysis
Zscaler (ZS) Return on Capital Employed [ROCE] (2018 - 2026) Analysis & Trends
Going back to FY2018, Zscaler's Return on Capital Employed [ROCE] data covers 9 fiscal years.
- Return on Capital Employed [ROCE] has increased in each of the last four fiscal years, with a five-year change of +12.49 percentage points (FY2021 to FY2026).
- The FY2026 figure represents the highest annual Return on Capital Employed [ROCE] in data going back to FY2018.
- Per Business Quant, earlier fiscal years put Return on Capital Employed [ROCE] at -4.10% in FY2025 (+7.54 pp), -11.64% in FY2024 (+2.29 pp), -13.93% in FY2023 (+9.28 pp) and -23.21% in FY2022 (-7.53 pp).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 264.75 Bn | 249.82 Bn | 2.30 Bn | 1.86% |
| 2 | CrowdStrike Holdings | 238.93 Bn | 219.33 Bn | 1.10 Bn | -1.66% |
| 3 | Fortinet | 127.84 Bn | 113.77 Bn | 1.64 Bn | 44.16% |
| 4 | Snowflake | 110.22 Bn | 97.54 Bn | 1.04 Bn | -25.24% |
| 5 | Datadog | 89.46 Bn | 71.10 Bn | 881.34 Mn | 0.30% |
| 6 | Zscaler | 33.91 Bn | 20.03 Bn | - | - |
| 7 | Okta | 33.86 Bn | 23.96 Bn | 641.00 Mn | 3.21% |
| 8 | Axon Enterprise | 32.92 Bn | 27.44 Bn | 546.45 Mn | 0.40% |
| 9 | MongoDB | 27.85 Bn | 18.31 Bn | 569.77 Mn | -0.47% |
| 10 | F5 | 25.12 Bn | 19.53 Bn | 711.51 Mn | 16.60% |
Historic Data
Download Data
Historic 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% |
API Access
Zscaler Return on Capital Employed [ROCE] 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=return-on-capital-employed-%5Broce%5D&ticker=ZS&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "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=return-on-capital-employed-%5Broce%5D&ticker=ZS&period=max&api_key=YOUR_API_KEY");
const data = await res.json();