ZS's free cash flow for Q4 2025 was $0.76. For the 2025 fiscal year, ZS's free cash flow was decreased by $ and operating cash flow was $0.02. See a summary of the company’s cash flow.

Ratios	TTM	Dec 25	Dec 24	Dec 23	Dec 22
Liquidity Ratios
Current Ratio	2.01	1.09	1.88	1.99	2.57
Quick Ratio	2.01	1.09	1.81	1.91	2.49
Cash Ratio	0.98	0.46	0.82	0.89	0.38
Solvency Ratio	0.01	<0.01	-0.04	-0.11	-0.09
Operating Cash Flow Ratio	0.40	0.25	0.30	0.28	0.28
Short-Term Operating Cash Flow Coverage	18.61	0.68	13.41	12.33	10.18
Net Current Asset Value	$ 273.68M	$ -34.25M	$ 7.11M	$ -2.72M	$ 119.57M
Leverage Ratios
Debt-to-Assets Ratio	0.28	0.26	0.34	0.37	0.43
Debt-to-Equity Ratio	1.00	0.97	1.67	1.82	1.82
Debt-to-Capital Ratio	0.50	0.49	0.63	0.65	0.65
Long-Term Debt-to-Capital Ratio	0.49	0.00	0.61	0.63	0.63
Financial Leverage Ratio	3.57	3.69	4.98	4.94	4.27
Debt Service Coverage Ratio	1.44	0.03	-2.35	-3.44	-2.35
Interest Coverage Ratio	-13.25	-9.46	-35.87	-5.79	-3.89
Debt to Market Cap	0.04	0.04	0.05	0.05	0.03
Interest Debt Per Share	11.54	8.36	8.40	7.82	7.50
Net Debt to EBITDA	-5.27	-2.86	0.67	-0.12	-4.12
Profitability Margins
Gross Profit Margin	76.87%	77.87%	77.56%	77.79%	77.67%
EBIT Margin	0.30%	-0.74%	-10.87%	-29.98%	-30.28%
EBITDA Margin	4.21%	2.99%	-4.74%	-25.44%	-24.86%
Operating Profit Margin	-4.62%	-5.71%	-14.51%	-30.01%	-30.87%
Pretax Profit Margin	-0.68%	-1.35%	-11.29%	-35.16%	-38.21%
Net Profit Margin	-1.55%	-2.66%	-12.51%	-35.77%	-38.93%
Continuous Operations Profit Margin	-1.55%	-2.66%	-12.51%	-35.77%	-38.93%
Net Income Per EBT	226.77%	197.43%	110.83%	101.73%	101.89%
EBT Per EBIT	14.81%	23.60%	77.81%	117.16%	123.76%
Return on Assets (ROA)	-0.65%	-1.23%	-5.61%	-13.78%	-11.61%
Return on Equity (ROE)	-2.50%	-4.53%	-27.90%	-68.08%	-49.54%
Return on Capital Employed (ROCE)	-3.10%	-7.78%	-11.32%	-19.28%	-13.52%
Return on Invested Capital (ROIC)	-6.93%	-8.78%	-12.14%	-19.03%	-13.43%
Return on Tangible Assets	-0.70%	-1.37%	-5.79%	-14.34%	-12.09%
Earnings Yield	-0.08%	-0.22%	-0.87%	-1.80%	-0.82%
Efficiency Ratios
Receivables Turnover	2.69	2.94	2.78	2.73	2.62
Payables Turnover	13.19	20.58	19.63	9.26	11.98
Inventory Turnover	0.00	0.00	3.13	2.81	2.62
Fixed Asset Turnover	4.22	4.58	5.17	4.68	4.40
Asset Turnover	0.42	0.46	0.45	0.39	0.30
Working Capital Turnover Ratio	1.66	2.65	1.31	0.97	0.59
Cash Conversion Cycle	107.81	106.28	229.45	224.22	248.27
Days of Sales Outstanding	135.48	124.01	131.52	133.74	139.42
Days of Inventory Outstanding	0.00	0.00	116.52	129.88	139.31
Days of Payables Outstanding	27.67	17.74	18.59	39.40	30.47
Operating Cycle	135.48	124.01	248.04	263.62	278.73
Cash Flow Ratios
Operating Cash Flow Per Share	6.24	5.21	3.19	2.28	1.49
Free Cash Flow Per Share	4.92	3.91	2.30	1.64	1.06
CapEx Per Share	1.32	1.30	0.89	0.64	0.43
Free Cash Flow to Operating Cash Flow	0.79	0.75	0.72	0.72	0.71
Dividend Paid and CapEx Coverage Ratio	4.73	4.00	3.59	3.55	3.47
Capital Expenditure Coverage Ratio	4.73	4.00	3.59	3.55	3.47
Operating Cash Flow Coverage Ratio	0.54	0.63	0.38	0.31	0.21
Operating Cash Flow to Sales Ratio	0.37	0.36	0.29	0.30	0.30
Free Cash Flow Yield	1.56%	2.18%	1.44%	1.07%	0.45%
Valuation Ratios
Price-to-Earnings (P/E) Ratio	-1.21K	-464.91	-114.89	-55.42	-122.13
Price-to-Sales (P/S) Ratio	18.48	12.38	14.38	19.82	47.54
Price-to-Book (P/B) Ratio	27.83	21.06	32.06	37.72	60.51
Price-to-Free Cash Flow (P/FCF) Ratio	64.14	45.86	69.68	93.49	222.63
Price-to-Operating Cash Flow Ratio	51.27	34.40	50.28	67.18	158.40
Price-to-Earnings Growth (PEG) Ratio	313.92	6.44	2.32	-1.27	-1.05
Price-to-Fair Value	27.83	21.06	32.06	37.72	60.51
Enterprise Value Multiple	434.29	411.21	-302.33	-78.03	-195.34
Enterprise Value	48.82B	26.64B	23.19B	21.66B	32.69B
EV to EBITDA	434.29	411.21	-302.33	-78.03	-195.34
EV to Sales	18.26	12.29	14.34	19.85	48.57
EV to Free Cash Flow	63.37	45.55	69.52	93.63	227.43
EV to Operating Cash Flow	49.98	34.16	50.17	67.29	161.80
Tangible Book Value Per Share	8.53	5.30	4.21	3.29	3.23
Shareholders’ Equity Per Share	11.50	8.52	5.00	4.07	3.90
Tax and Other Ratios
Effective Tax Rate	-1.27	-0.97	-0.11	-0.02	-0.02
Revenue Per Share	17.08	14.49	11.16	7.74	4.96
Net Income Per Share	-0.27	-0.39	-1.40	-2.77	-1.93
Tax Burden	2.27	1.97	1.11	1.02	1.02
Interest Burden	-2.27	1.81	1.04	1.17	1.26
Research & Development to Revenue	0.25	0.23	0.22	0.27	0.26
SG&A to Revenue	0.03	0.00	0.11	0.14	0.14
Stock-Based Compensation to Revenue	0.25	0.24	0.28	0.38	0.38
Income Quality	-23.55	-13.51	-2.29	-0.82	-0.77

Currency in USD

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing