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 September 11, 2026. Differences are shown without an overall score or investment verdict.
OKTA
Okta, Inc.
$166.50TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
ZS
Zscaler, Inc.
$164.54TechnologyDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — OKTA vs ZS
growth of $100 · dividends reinvested · last 8yOKTA +335.1% (+20.2%/yr)ZS +403.3% (+22.4%/yr)ZS compounded faster over this window
OKTA ZS
OKTA vs ZS: by the numbers
- •OKTA is the larger company ($27.66B vs $26.61B market cap).
- •OKTA is profitable (9.63% net margin) while ZS runs a net loss (-1.88%).
- •ZS grew revenue faster over the past five years (37.87% vs 24.72% CAGR).
Metrics side by side
Valuation
| Metric | OKTA | ZS |
|---|---|---|
| P/E ratio | 100.30 | N/A |
| Forward P/E | 42.38 | 33.76 |
| P/S ratio | 9.00 | 7.94 |
| P/B ratio | 3.97 | 10.24 |
| EV / EBITDA | 85.55 | 468.72 |
| FCF yield | 3.51% | 2.94% |
Profitability
| Metric | OKTA | ZS |
|---|---|---|
| Gross margin | 78.13% | 76.80% |
| Operating margin | 7.68% | -3.98% |
| Net margin | 9.63% | -1.88% |
| ROE | 4.24% | -2.43% |
| ROIC | 3.03% | -2.72% |
Growth (annualized)
| Metric | OKTA | ZS |
|---|---|---|
| Revenue CAGR (5Y) | 24.72% | 37.87% |
| FCF CAGR (5Y) | 51.23% | 42.77% |
| Total return CAGR (5Y) | -7.60% | -9.93% |
Frequently asked
- Which has grown faster, OKTA or ZS?
- Over the past five years, ZS grew revenue faster — OKTA at a 24.72% CAGR versus ZS at 37.87%.
- Is OKTA or ZS more profitable?
- OKTA runs the higher net margin — OKTA at 9.63% versus ZS at -1.88%.
- How have OKTA and ZS total returns compared?
- Over the past 5 years, OKTA delivered -7.60% and ZS delivered -9.93% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Okta P/E ratioOkta 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 September 11, 2026.