Zscaler Inc (ZS) — Cash Flow Reinvestment Rate
Zscaler Inc (ZS) has a Cash Flow Reinvestment Rate of 3.43x as of October 2025, reinvesting $1.54 Billion (capex $34.98 Million plus investments $-1.50 Billion) from operating cash flow of $448.28 Million. See cash generation quality of Zscaler Inc to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
Total Reinvested
Operating Cash Flow
Capital Expenditures
Zscaler Inc Cash Flow Reinvestment Rate (2018–2025)
Historical reinvestment intensity for Zscaler Inc across 8 annual periods. For the full cash flow conversion analysis, see ZS cash flow conversion.
Annual Cash Flow Reinvestment Rate for Zscaler Inc (2018–2025)
Year-by-year capital reinvestment analysis for Zscaler Inc. See ZS financial flexibility score to measure the company's free cash flow as a share of total liabilities.
| Year | Reinvestment Rate | Total Reinvested (USD) | Operating CF | Capex | YoY Change |
|---|---|---|---|---|---|
| 2025 | 0.69x | $672.78 Million | $972.45 Million | $245.76 Million | ▼ -38.6% |
| 2024 | 1.13x | $878.08 Million | $779.85 Million | $194.90 Million | ▲ +34.1% |
| 2023 | 0.84x | $388.06 Million | $462.34 Million | $128.72 Million | ▼ -41.8% |
| 2022 | 1.44x | $464.64 Million | $321.91 Million | $90.58 Million | ▲ +321.8% |
| 2021 | 0.34x | $69.14 Million | $202.04 Million | $58.30 Million | ▼ -97.3% |
| 2020 | 12.59x | $998.56 Million | $79.32 Million | $51.81 Million | ▲ +384.9% |
| 2019 | 2.60x | $150.64 Million | $58.03 Million | $30.16 Million | ▼ -74.8% |
| 2018 | 10.29x | $178.10 Million | $17.31 Million | $15.17 Million | — |