Zscaler reported a gross margin of 76.55% and a net margin of -4.21% for the quarter ended Jan 2026. These financial ratios cover 36 quarters of results from Apr 2017 through Jan 2026, standardized by Business Quant from the company’s SEC filings.
| Ratios | Apr2017 | Jul2017 | Oct2017 | Jan2018 | Apr2018 | Jul2018 | Oct2018 | Jan2019 | Apr2019 | Jul2019 | Oct2019 | Jan2020 | Apr2020 | Jul2020 | Oct2020 | Jan2021 | Apr2021 | Jul2021 | Oct2021 | Jan2022 | Apr2022 | Jul2022 | Oct2022 | Jan2023 | Apr2023 | Jul2023 | Oct2023 | Jan2024 | Apr2024 | Jul2024 | Oct2024 | Jan2025 | Apr2025 | Jul2025 | Oct2025 | Jan2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||||||||||||||||||||||||||||
| Gross Margin | 77.90% | 76.92% | 77.37% | 77.39% | 77.68% | 78.52% | 78.43% | 77.40% | 77.11% | 77.43% | 77.57% | 77.68% | 78.61% | 78.04% | 77.47% | 77.08% | 77.00% | 76.05% | 76.56% | 76.55% | ||||||||||||||||
| EBT Margin | -32.10% | -40.68% | -38.31% | -38.45% | -35.53% | -29.92% | -17.84% | -13.87% | -9.40% | -5.72% | -4.93% | -3.91% | 3.77% | -0.86% | -0.70% | -2.55% | 0.67% | -0.26% | -1.06% | -2.61% | ||||||||||||||||
| EBIT Margin | -24.86% | -34.20% | -32.26% | -32.84% | -30.19% | -25.95% | -19.43% | -16.83% | -13.31% | -9.79% | -9.27% | -8.66% | -0.54% | -4.55% | -4.88% | -6.20% | -3.75% | -4.48% | -4.61% | -6.35% | ||||||||||||||||
| EBITDA Margin | -24.86% | -34.20% | -32.26% | -32.84% | -30.19% | -25.95% | -19.43% | -16.83% | -13.31% | -9.79% | -9.27% | -8.66% | -0.54% | -4.55% | -4.88% | -6.20% | -3.75% | -4.48% | -4.61% | -6.35% | ||||||||||||||||
| Operating Margin | -24.86% | -34.20% | -32.26% | -32.84% | -30.19% | -25.95% | -19.43% | -16.83% | -13.31% | -9.79% | -9.27% | -8.66% | -0.54% | -4.55% | -4.88% | -6.20% | -3.75% | -4.48% | -4.61% | -6.35% | ||||||||||||||||
| Net Margin | -33.14% | -41.11% | -39.40% | -39.31% | -35.35% | -30.69% | -19.17% | -14.82% | -11.00% | -6.74% | -6.74% | -5.43% | 3.46% | -2.51% | -1.92% | -1.19% | -0.61% | -2.44% | -1.47% | -4.21% | ||||||||||||||||
| FCF Margin | 33.19% | 15.62% | 37.66% | 13.41% | 17.31% | 25.75% | 29.04% | 18.27% | 19.63% | 23.93% | 46.74% | 21.18% | 24.90% | 26.00% | 49.19% | 24.46% | 22.17% | 26.49% | 54.64% | 22.88% | ||||||||||||||||
| Efficiency | ||||||||||||||||||||||||||||||||||||
| Assets AverageAssets Avg. | 2.02B | 2.16B | 2.26B | 2.35B | 2.47B | 2.68B | 2.83B | 2.94B | 3.12B | 3.40B | 3.62B | 3.78B | 4.07B | 4.45B | 4.71B | 4.86B | 5.17B | 5.88B | 6.46B | 6.63B | ||||||||||||||||
| Invested CapitalInvested Cap. | 0.73B | 2.42B | 2.57B | 2.75B | 2.95B | 1.80B | ||||||||||||||||||||||||||||||
| Asset Utilization RatioAsset Util. | 0.30 | 0.31 | 0.34 | 0.37 | 0.39 | 0.41 | 0.43 | 0.46 | 0.47 | 0.47 | 0.49 | 0.50 | 0.50 | 0.49 | 0.49 | 0.50 | 0.49 | 0.45 | 0.44 | 0.45 | ||||||||||||||||
| Leverage & Solvency | ||||||||||||||||||||||||||||||||||||
| Interest Coverage RatioInterest Cover | -3.26 | -4.94 | -5.38 | -5.98 | -6.08 | -5.71 | -51.91 | -48.94 | -40.31 | -17.86 | -14.58 | -12.61 | -1.09 | -7.48 | -9.76 | -17.16 | -12.93 | -15.55 | -17.10 | -12.27 | ||||||||||||||||
| Debt Ratio | 0.24 | 0.24 | 0.23 | 0.22 | ||||||||||||||||||||||||||||||||
| Times Interest Earned | -3.26 | -4.94 | -5.38 | -5.98 | -6.08 | -5.71 | -51.91 | -48.94 | -40.31 | -17.86 | -14.58 | -12.61 | -1.09 | -7.48 | -9.76 | -17.16 | -12.93 | -15.55 | -17.10 | -12.27 | ||||||||||||||||
| Valuation | ||||||||||||||||||||||||||||||||||||
| Price to EarningsP/E | -439.40 | -403.73 | -491.63 | -361.03 | -283.62 | -227.24 | -326.03 | -313.50 | -285.34 | -769.48 | -702.85 | -0.00B | 0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -0.00B | -935.99 | ||||||||||||||||
| Price to SalesP/S | 145.61 | 165.99 | 193.70 | 141.92 | 100.27 | 69.73 | 62.50 | 46.48 | 31.38 | 51.87 | 47.38 | 67.23 | 47.30 | 46.13 | 44.17 | 48.38 | 51.94 | 62.85 | 67.00 | 39.37 | ||||||||||||||||
| Price to BookP/B | 50.55 | 61.85 | 84.21 | 67.24 | 54.10 | 38.69 | 51.53 | 34.08 | 21.86 | 32.55 | 29.15 | 36.81 | 23.94 | 21.47 | 19.42 | 19.50 | 19.51 | 25.12 | 26.64 | 14.62 | ||||||||||||||||
| Enterprise Value | 24.22B | 31.21B | 43.07B | 34.65B | 27.10B | 20.45B | 20.40B | 16.11B | 11.17B | 21.50B | 21.21B | 32.83B | 23.93B | 24.94B | 25.03B | 28.47B | 32.21B | 41.63B | 49.48B | 28.60B | ||||||||||||||||
| EV to EBIT | -552.32 | -463.07 | -579.07 | -412.80 | -312.95 | -247.77 | -295.25 | -246.92 | -200.46 | -482.64 | -460.55 | -722.30 | -0.00B | -925.40 | -816.12 | -709.16 | -0.00B | -0.00B | -0.00B | -552.47 | ||||||||||||||||
| EV to EBITDA | -552.32 | -463.07 | -579.07 | -412.80 | -312.95 | -247.77 | -295.25 | -246.92 | -200.46 | -482.64 | -460.55 | -722.30 | -0.00B | -925.40 | -816.12 | -709.16 | -0.00B | -0.00B | -0.00B | -552.47 | ||||||||||||||||
| Market Capitalization | 25.69B | 32.71B | 44.65B | 36.27B | 28.76B | 22.18B | 22.22B | 18.01B | 13.14B | 23.60B | 23.54B | 35.29B | 26.17B | 27.35B | 27.74B | 31.35B | 35.21B | 45.20B | 52.81B | 32.12B | ||||||||||||||||
| Price to FCFP/FCF | 438.67 | 0.00B | 514.31 | 0.00B | 579.37 | 270.85 | 215.22 | 254.44 | 159.84 | 216.81 | 101.38 | 317.46 | 189.94 | 177.39 | 89.79 | 197.83 | 234.30 | 237.22 | 122.63 | 172.04 | ||||||||||||||||
| EV to FCF | 413.61 | 0.00B | 496.05 | 0.00B | 545.97 | 249.71 | 197.55 | 227.52 | 135.91 | 197.52 | 91.37 | 295.33 | 173.68 | 161.76 | 81.02 | 179.65 | 214.31 | 218.47 | 114.92 | 153.22 | ||||||||||||||||
| EV to CFO | 330.11 | 697.63 | 461.73 | 717.90 | 350.85 | 198.26 | 158.79 | 180.02 | 103.02 | 158.18 | 81.33 | 231.11 | 137.97 | 122.52 | 75.54 | 158.64 | 152.59 | 166.13 | 110.39 | 140.16 | ||||||||||||||||
| Return Ratios | ||||||||||||||||||||||||||||||||||||
| Return on Sales [ROS]ROS | -24.86% | -34.20% | -32.26% | -32.84% | -30.19% | -25.95% | -19.43% | -16.83% | -13.31% | -9.79% | -9.27% | -8.66% | -0.54% | -4.55% | -4.88% | -6.20% | -3.75% | -4.48% | -4.61% | -6.35% | ||||||||||||||||
| Return on Capital Employed [ROCE]ROCE | -12.77% | -14.43% | -15.46% | -17.84% | -20.01% | -21.20% | -18.70% | -17.50% | -14.89% | -12.56% | -9.85% | -8.71% | -5.88% | -9.07% | -6.09% | -5.57% | -6.14% | -3.72% | -3.23% | -3.40% | ||||||||||||||||
| Return on Invested Capital [ROIC]ROIC | -16.86% | -11.32% | -7.79% | -12.26% | ||||||||||||||||||||||||||||||||
| Return on Assets [ROA]ROA | -11.44% | -12.13% | -13.15% | -14.10% | -15.11% | -14.57% | -12.97% | -11.05% | -8.63% | -5.94% | -4.63% | -3.67% | -1.81% | -1.30% | -0.77% | -0.32% | -0.75% | -0.71% | -0.64% | -1.02% |