Which has grown faster, OKTA or ZS?

Over the past five years, ZS grew revenue faster — OKTA at a 27.10% CAGR versus ZS at 39.45%.

Is OKTA or ZS more profitable?

OKTA runs the higher net margin — OKTA at 8.24% versus ZS at -2.44%.

Which has been the better investment, OKTA or ZS?

Over the past 5-year, ZS delivered the higher annualized total return — OKTA at -12.47% versus ZS at -9.02%. Past performance doesn't predict future results.

Okta, Inc. (OKTA) vs Zscaler, Inc. (ZS)

OKTA leads on 7 of 12 compared metrics.

A side-by-side comparison of Okta, Inc. and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 13, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).

Total return — OKTA vs ZS

growth of $100 · last 8y

OKTA +201.5%ZS +292.5%ZS compounded faster

OKTA ZS

OKTA vs ZS: by the numbers

•ZS is the larger company ($20.94B vs $19.32B market cap).
•OKTA is profitable (8.24% net margin) while ZS runs a net loss (-2.44%).
•ZS grew revenue faster over the past five years (39.45% vs 27.10% CAGR).

Which is better, OKTA or ZS?

Metric tally: OKTA 7 · ZS 5

It depends on what you're optimizing for:

GrowthZS(faster 5Y revenue CAGR)

QualityOKTA(higher ROIC)

Valuation

Metric	OKTA	ZS
P/E ratio	84.27	—
Forward P/E	27.25●	28.16
P/S ratio	6.90	6.56●
P/B ratio	3.00●	8.80
PEG ratio	0.09	—
EV / EBITDA	56.43●	314.12
FCF yield	4.54%	4.91%●

Profitability

Metric	OKTA	ZS
Gross margin	77.44%	76.67%
Operating margin	5.67%●	-4.73%
Net margin	8.24%●	-2.44%
ROE	3.58%●	-3.27%
ROIC	1.88%●	-3.18%

Growth (annualized)

Metric	OKTA	ZS
Revenue CAGR (5Y)	27.10%	39.45%●
FCF CAGR (5Y)	47.69%	51.78%●
Total return CAGR (5Y)	-12.47%	-9.02%●

Frequently asked

Which is better, OKTA or ZS?: It depends on your goal. growth: ZS (faster 5Y revenue CAGR); quality: OKTA (higher ROIC). Across all compared metrics, OKTA leads 7 to 5.
Which has grown faster, OKTA or ZS?: Over the past five years, ZS grew revenue faster — OKTA at a 27.10% CAGR versus ZS at 39.45%.
Is OKTA or ZS more profitable?: OKTA runs the higher net margin — OKTA at 8.24% versus ZS at -2.44%.
Which has been the better investment, OKTA or ZS?: Over the past 5-year, ZS delivered the higher annualized total return — OKTA at -12.47% versus ZS at -9.02%. Past performance doesn't predict future results.

Go deeper

Full OKTA analysis Full ZS analysis Interactive comparison tool

Dig into the metrics

Okta P/E ratio Zscaler P/E ratio Okta dividend yield Zscaler dividend yield Okta ROE Zscaler ROE Okta operating margin Zscaler operating margin Okta revenue growth Zscaler revenue growth Okta free cash flow Zscaler free cash flow

Okta & Zscaler appear in these rankings

Fastest Revenue Growth Stocks Highest FCF Yield Stocks

Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 13, 2026.