Zscaler Inc Free Cash Flow Generation Index

Latest as of October 2025: 0.92x

Zscaler Inc free cash flow generation index. Zscaler Inc (ZS) has a Free Cash Flow Generation Index of 0.92x as of October 2025. Free cash flow of $413.30 Million represents 1% of operating cash flow ($448.28 Million).

FCF Generation Index

0.92x
Free Cash Flow / Operating CF

Free Cash Flow

$413.30 Million
USD

Operating Cash Flow

$448.28 Million
USD

Capital Expenditures

$34.98 Million
USD

Free Cash Flow Generation Index of Zscaler Inc (2018–2025)

Free cash flow generation index of Zscaler Inc from 2018 to 2025. Historical FCF Generation Index trend for Zscaler Inc across 8 annual periods. See ZS free cash flow debt coverage to measure the company's free cash flow as a share of total liabilities.

Zscaler Inc Free Cash Flow Generation Index by Year (2018–2025)

Zscaler Inc free cash flow generation index by year from 2018 to 2025. Year-by-year Free Cash Flow Generation Index for Zscaler Inc. For the full cash flow conversion analysis, see Zscaler Inc operating cash flow efficiency.

Year FCG Index Free Cash Flow (USD) Operating CF Capital Expenditures YoY Change
2025 0.75x $726.69 Million $972.45 Million $245.76 Million ▼ -0.4%
2024 0.75x $584.95 Million $779.85 Million $194.90 Million ▲ +3.9%
2023 0.72x $333.62 Million $462.34 Million $128.72 Million ▲ +0.4%
2022 0.72x $231.33 Million $321.91 Million $90.58 Million ▲ +1.0%
2021 0.71x $143.74 Million $202.04 Million $58.30 Million ▲ +105.1%
2020 0.35x $27.51 Million $79.32 Million $51.81 Million ▼ -27.8%
2019 0.48x $27.86 Million $58.03 Million $30.16 Million ▲ +288.9%
2018 0.12x $2.14 Million $17.31 Million $15.17 Million —
FCG Index = Free Cash Flow / Operating Cash Flow. FCF = Operating CF + Capital Expenditures (capex stored negative).