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Zscaler, Inc.
Nasdaq · CIK 1713683
Last close196.6
Daily change-2.18 (-1.10%)
10 Years gain+495.76%
Dividends TTM0
Dividend yield0.00%
Fundamental Analysis
ZS · STANDARD
SIC 7371 · Services-Computer Programming Services · Fiscal year end 0731
Fundamental
71.6Momentum
51.4Acceleration
50.7Confidence
100.0Annual Revenue11
Quarterly Revenue34
Annual CFO11
Balance SheetAvailable
RankingEligible
Score Breakdown
Growth24.6 / 25
Quality17.9 / 25
Capital Efficiency8.2 / 20
Balance Sheet14.3 / 15
Shareholder Economics1.5 / 10
Forward Indicators5.0 / 5
Signals
Operating leverageOperating margin improved by 0.2787 percentage points.
FCF growthFree cash flow grew 43.7968%.
Net debt reductionNet debt declined versus the comparison period.
Warnings
High SBC · MEDIUMStock based compensation is high relative to revenue or FCF.
Key Metrics
Revenue Growth TTM53.33%OK
Revenue CAGR 3Y27.51%OK
Gross Margin76.87%OK
Operating Margin-4.57%OK
FCF Margin29.11%OK
FCF Growth43.8%OK
ROIC-9.5%OK
Incremental Operating Margin 3Y8.75%OK
Net Debt / CFO-0.93xOK
Diluted Share Growth 1Y4.6%OK
SBC / Revenue24.57%OK
SBC / FCF84.42%OK
Financial History
| Period | Revenue | Gross Profit | Operating Income | CFO | FCF | Gross Margin | Op Margin | FCF Margin | ROIC | Shares |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026 FY Jul 31, 2026 | $3.35B | $2.57B | -$133.27M | $1.13B | $852.35M | 76.8% | -3.98% | 25.42% | -19.49% | 160.22M |
| 2026 FY Jul 31, 2025 | $2.67B | $2.05B | -$128.46M | $972.45M | $808.20M | 76.87% | -4.81% | 30.23% | -50.3% | 154.4M |
| 2026 FY Jul 31, 2024 | $2.17B | $1.69B | -$121.48M | $779.85M | $635.26M | 77.99% | -5.6% | 29.3% | -12.07% | 149.59M |
| 2025 FY Jul 31, 2023 | $1.62B | $1.25B | -$234.62M | $462.34M | $365.15M | 77.56% | -14.51% | 22.58% | -32.93% | 144.94M |
| 2024 FY Jul 31, 2022 | $1.09B | $848.66M | -$327.43M | $321.91M | $252.62M | 77.79% | -30.01% | 23.16% | -110.39% | 140.9M |
Formula Trace
| Metric | Value | Formula | Status | Source |
|---|---|---|---|---|
| Revenue TTM | $3.13B | sum latest 4 fiscal quarters Revenue | OK | 0001713683-26-000096, 0001713683-25-000205 |
| Revenue Growth TTM | 53.33% | Revenue_TTM / Revenue_TTM_1Y_ago - 1 | OK | 0001713683-26-000096, 0001713683-25-000205 |
| Revenue CAGR 3Y | 27.51% | (Revenue_current / Revenue_3Y_ago)^(1/3) - 1 | OK | 0001713683-26-000157 |
| Revenue CAGR 5Y | 37.87% | (Revenue_current / Revenue_5Y_ago)^(1/5) - 1 | OK | 0001713683-26-000157 |
| Gross Profit CAGR 3Y | 27.1% | (GrossProfit_current / GrossProfit_3Y_ago)^(1/3) - 1 | OK | 0001713683-26-000157 |
| Operating Income Growth | n/a | OperatingIncome_current / OperatingIncome_prior_year - 1 | INSUFFICIENT_HISTORY | 0001713683-26-000096, 0001713683-25-000205 |
| FCF Growth | 43.8% | FCF_current / FCF_prior_year - 1 | OK | 0001713683-26-000096, 0001713683-26-000048 |
| Revenue Growth Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Profit Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Operating Income Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| FCF Acceleration | n/a | 0.5*(Q0-Q1)+0.3*(Q1-Q2)+0.2*(Q2-Q3) | INSUFFICIENT_HISTORY | derived |
| Gross Margin | 76.87% | Gross Profit / Revenue | OK | 0001713683-26-000096, 0001713683-25-000205 |
| Operating Margin | -4.57% | Operating Income / Revenue | OK | 0001713683-26-000096, 0001713683-25-000205 |
| FCF Margin | 29.11% | (CFO - CapEx) / Revenue | OK | 0001713683-26-000096, 0001713683-26-000048 |
| ROIC | -9.5% | NOPAT / Average Invested Capital | OK | 0001713683-26-000096, 0001713683-25-000205 |
| Net Debt / CFO | -0.93x | Net Debt / CFO | OK | 0001713683-26-000096, 0001713683-26-000048 |
| Current Ratio | 1.86x | Current Assets / Current Liabilities | OK | derived |
| SBC / Revenue | 24.57% | SBC / Revenue | OK | 0001713683-26-000096, 0001713683-26-000048 |