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. Check Zscaler Inc cash earnings quality to evaluate the quality of earnings relative to operating cash generation.
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. Explore ZS operating cash to total liabilities to assess how comfortably operating cash covers total debt obligations.
Annual Cash Flow Reinvestment Rate for Zscaler Inc (2018–2025)
Year-by-year capital reinvestment analysis for Zscaler Inc. For live market cap and broader valuation context, see Zscaler Inc market capitalisation.
| 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 | — |