Okta, Inc. (OKTA) vs Zscaler, Inc. (ZS)
A side-by-side comparison of Okta, Inc. and Zscaler, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of July 28, 2026. Differences are shown without an overall score or investment verdict.
OKTA
Okta, Inc.
$136.21TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
ZS
Zscaler, Inc.
$151.63TechnologyDelayed quote: Jul 28, 2026, 4:00 PM EDT
Total return — OKTA vs ZS
growth of $100 · dividends reinvested · last 8yOKTA +246.2%ZS +346.4%ZS compounded faster
OKTA ZS
OKTA vs ZS: by the numbers
- •ZS is the larger company ($24.52B vs $22.63B 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).
Metrics side by side
Valuation
| Metric | OKTA | ZS |
|---|---|---|
| P/E ratio | 99.59 | N/A |
| Forward P/E | 39.92 | 35.78 |
| P/S ratio | 8.15 | 7.46 |
| P/B ratio | 3.54 | 10.00 |
| PEG ratio | 0.09 | N/A |
| EV / EBITDA | 92.22 | 5721.39 |
| FCF yield | 3.69% | 4.06% |
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) | 46.51% | 49.89% |
| Total return CAGR (5Y) | -11.16% | -8.77% |
Frequently asked
- 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%.
- How have OKTA and ZS total returns compared?
- Over the past 5 years, OKTA delivered -11.16% and ZS delivered -8.77% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Okta P/E ratioZscaler P/E ratioOkta dividend yieldZscaler dividend yieldOkta ROEZscaler ROEOkta operating marginZscaler operating marginOkta revenue growthZscaler revenue growthOkta free cash flowZscaler free cash flow
Okta & Zscaler appear in these rankings
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 July 28, 2026.