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Zscaler (ZS)
:ZS
US Market

Zscaler (ZS) Ratios

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Zscaler Ratios

ZS's free cash flow for Q2 2025 was $0.77. 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
Sep 24Sep 23Sep 22Sep 21
Liquidity Ratios
Current Ratio
1.09 1.88 1.99 2.57 3.73
Quick Ratio
1.09 1.81 1.91 2.49 3.66
Cash Ratio
0.46 0.82 0.89 0.38 0.33
Solvency Ratio
<0.01 -0.04 -0.11 -0.09 -0.04
Operating Cash Flow Ratio
0.25 0.30 0.28 0.28 0.19
Short-Term Operating Cash Flow Coverage
0.68 13.41 12.33 10.18 5.08
Net Current Asset Value
$ -34.25M$ 7.11M$ -2.72M$ 119.57M$ 233.16M
Leverage Ratios
Debt-to-Assets Ratio
0.26 0.34 0.37 0.43 0.49
Debt-to-Equity Ratio
0.97 1.67 1.82 1.82 1.87
Debt-to-Capital Ratio
0.49 0.63 0.65 0.65 0.65
Long-Term Debt-to-Capital Ratio
0.00 0.61 0.63 0.63 0.64
Financial Leverage Ratio
3.69 4.98 4.94 4.27 3.78
Debt Service Coverage Ratio
0.03 -2.35 -3.44 -2.35 -4.33
Interest Coverage Ratio
-9.25 -35.87 -5.79 -3.89 -22.68
Debt to Market Cap
0.04 0.05 0.05 0.03 0.05
Interest Debt Per Share
8.36 8.40 7.82 7.50 7.04
Net Debt to EBITDA
-2.86 0.67 -0.12 -4.12 -8.79
Profitability Margins
Gross Profit Margin
77.99%77.56%77.79%77.67%77.80%
EBIT Margin
-0.74%-10.87%-29.98%-30.28%-25.03%
EBITDA Margin
2.99%-4.74%-25.44%-24.86%-20.13%
Operating Profit Margin
-5.60%-14.51%-30.01%-30.87%-26.42%
Pretax Profit Margin
-1.35%-11.29%-35.16%-38.21%-26.14%
Net Profit Margin
-2.66%-12.51%-35.77%-38.93%-26.69%
Continuous Operations Profit Margin
-2.66%-12.51%-35.77%-38.93%-26.69%
Net Income Per EBT
197.43%110.83%101.73%101.89%102.12%
EBT Per EBIT
24.06%77.81%117.16%123.76%98.92%
Return on Assets (ROA)
-1.23%-5.61%-13.78%-11.61%-6.28%
Return on Equity (ROE)
-4.53%-27.90%-68.08%-49.54%-23.74%
Return on Capital Employed (ROCE)
-7.63%-11.32%-19.28%-13.52%-8.08%
Return on Invested Capital (ROIC)
-8.61%-12.14%-19.03%-13.43%-8.08%
Return on Tangible Assets
-1.37%-5.79%-14.34%-12.09%-6.47%
Earnings Yield
-0.22%-0.87%-1.80%-0.82%-0.69%
Efficiency Ratios
Receivables Turnover
2.94 2.78 2.73 2.62 2.92
Payables Turnover
20.47 19.63 9.26 11.98 18.29
Inventory Turnover
0.00 3.13 2.81 2.62 2.97
Fixed Asset Turnover
4.58 5.17 4.68 4.40 3.86
Asset Turnover
0.46 0.45 0.39 0.30 0.24
Working Capital Turnover Ratio
2.65 1.31 0.97 0.59 0.62
Cash Conversion Cycle
106.18 229.45 224.22 248.27 227.88
Days of Sales Outstanding
124.01 131.52 133.74 139.42 124.91
Days of Inventory Outstanding
0.00 116.52 129.88 139.31 122.92
Days of Payables Outstanding
17.83 18.59 39.40 30.47 19.95
Operating Cycle
124.01 248.04 263.62 278.73 247.83
Cash Flow Ratios
Operating Cash Flow Per Share
5.21 3.19 2.28 1.49 0.61
Free Cash Flow Per Share
3.91 2.30 1.64 1.06 0.21
CapEx Per Share
1.30 0.89 0.64 0.43 0.40
Free Cash Flow to Operating Cash Flow
0.75 0.72 0.72 0.71 0.35
Dividend Paid and CapEx Coverage Ratio
4.00 3.59 3.55 3.47 1.53
Capital Expenditure Coverage Ratio
4.00 3.59 3.55 3.47 1.53
Operating Cash Flow Coverage Ratio
0.63 0.38 0.31 0.21 0.09
Operating Cash Flow to Sales Ratio
0.36 0.29 0.30 0.30 0.18
Free Cash Flow Yield
2.18%1.44%1.07%0.45%0.16%
Valuation Ratios
Price-to-Earnings (P/E) Ratio
-464.91 -114.89 -55.42 -122.13 -145.88
Price-to-Sales (P/S) Ratio
12.38 14.38 19.82 47.54 38.94
Price-to-Book (P/B) Ratio
21.06 32.06 37.72 60.51 34.64
Price-to-Free Cash Flow (P/FCF) Ratio
45.86 69.68 93.49 222.63 610.46
Price-to-Operating Cash Flow Ratio
34.40 50.28 67.18 158.40 211.71
Price-to-Earnings Growth (PEG) Ratio
6.44 2.32 -1.27 -1.05 -0.51
Price-to-Fair Value
21.06 32.06 37.72 60.51 34.64
Enterprise Value Multiple
411.21 -302.33 -78.03 -195.34 -202.18
EV to EBITDA
411.21 -302.33 -78.03 -195.34 -202.18
EV to Sales
12.29 14.34 19.85 48.57 40.71
EV to Free Cash Flow
45.55 69.52 93.63 227.43 638.21
EV to Operating Cash Flow
34.16 50.17 67.29 161.80 221.34
Tangible Book Value Per Share
5.30 4.21 3.29 3.23 3.33
Shareholders’ Equity Per Share
8.52 5.00 4.07 3.90 3.75
Tax and Other Ratios
Effective Tax Rate
-0.97 -0.11 -0.02 -0.02 -0.02
Revenue Per Share
14.49 11.16 7.74 4.96 3.33
Net Income Per Share
-0.39 -1.40 -2.77 -1.93 -0.89
Tax Burden
1.97 1.11 1.02 1.02 1.02
Interest Burden
1.81 1.04 1.17 1.26 1.04
Research & Development to Revenue
0.23 0.22 0.27 0.26 0.23
SG&A to Revenue
0.10 0.11 0.14 0.14 0.17
Stock-Based Compensation to Revenue
0.24 0.28 0.38 0.38 0.28
Income Quality
-13.51 -2.29 -0.82 -0.77 -0.69
Currency in USD
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