Seek Returns

INFY vs. ZS: Infosys vs. Zscaler Stock Comparison

How do Infosys (INFY) and Zscaler (ZS) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Infosys (INFY) and Zscaler (ZS) both fall under the Software & Services industry group, but INFY is classified in IT Services while ZS is classified in Software.

Zscaler (ZS) trades as ordinary local shares, while Infosys (INFY) trades as an ADR — compare with FX exposure, depositary-program fees, and dividend-withholding-tax differences in mind.

Company profile comparison for Infosys (INFY) and Zscaler (ZS)
Profile ItemINFYZS
NameInfosys Ltd. ADRZscaler Inc.
Country/RegionIndiaUnited States
GICS SectorInformation TechnologyInformation Technology
GICS Industry GroupSoftware & ServicesSoftware & Services
GICS IndustryIT ServicesSoftware
GICS Sub-IndustryIT Consulting & Other ServicesSystems Software
Market Capitalization50.63 billion USD32.23 billion USD
CurrencyUSDUSD
ExchangeNYSENasdaq
Listing DateMarch 11, 1999March 16, 2018
Security TypeADRCommon Stock

Price Performance

Cumulative Growth

INFY
ZS
GSPC
Loading price history…
Infosys (INFY) vs. Zscaler (ZS), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

Loading price history…
Trailing total returns for Infosys (INFY) and Zscaler (ZS). Returns over one year are annualized.

Calendar-Year Returns

Loading price history…
Calendar-year total returns for Infosys (INFY) and Zscaler (ZS). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Total Return (1Y)-23.13%-37.61%
Total Return (3Y, Annualized)-6.27%5.36%
Total Return (5Y, Annualized)-9.51%-10.75%

Risk Profile

Drawdown History

INFY
ZS
GSPC
Loading price history…
Infosys (INFY) vs. Zscaler (ZS), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

Loading price history…
Distribution of monthly total returns for Infosys (INFY) and Zscaler (ZS). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Volatility (1Y, Annualized)42.11%68.66%
Beta (5Y)0.870.88
Max Drawdown (5Y)-54.40%-76.41%
Avg. Volume (3M)18.20M2.92M

Risk-Adjusted Performance

Risk-Return Positioning

Loading chart…
INFY and ZS are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Sharpe Ratio (1Y)-0.65-0.61
Sortino Ratio (1Y)-0.91-0.79

Profitability

ROE (TTM)

Zscaler (ZS) reports a negative ROE of -2.87%; negative ROE can reflect losses or negative shareholders’ equity, so it is harder to read as capital efficiency. Meanwhile Infosys (INFY) reports 29.95%, ranking against industry peers normally.

INFY

Software & Services industry group

29.95%

Max
53.85%
INFY
29.95%
Q3
17.90%
Median
6.59%
Q1
-9.59%
Min
-50.52%

ZS

Software & Services industry group

-2.87%

Max
53.85%
Q3
17.90%
Median
6.59%
ZS
-2.87%
Q1
-9.59%
Min
-50.52%
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their ROE against the Software & Services industry group benchmark.

Net Margin (TTM)

Zscaler (ZS) reports a negative net margin of -1.89%, usually indicating a net loss over the period. Meanwhile Infosys (INFY) reports 16.22%, ranking against industry peers normally.

INFY

Software & Services industry group

16.22%

Max
41.17%
INFY
16.22%
Q3
15.28%
Median
4.63%
Q1
-5.42%
Min
-33.17%

ZS

Software & Services industry group

-1.89%

Max
41.17%
Q3
15.28%
Median
4.63%
ZS
-1.89%
Q1
-5.42%
Min
-33.17%
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their net margin against the Software & Services industry group benchmark.

Operating Margin (TTM)

Zscaler (ZS) reports a negative operating margin of -1.01%, usually indicating that operating costs exceeded revenue at the operating-income line. Meanwhile Infosys (INFY) reports 20.97%, ranking against industry peers normally.

INFY

Software & Services industry group

20.97%

Max
46.89%
INFY
20.97%
Q3
17.64%
Median
8.73%
Q1
-2.13%
Min
-30.45%

ZS

Software & Services industry group

-1.01%

Max
46.89%
Q3
17.64%
Median
8.73%
ZS
-1.01%
Q1
-2.13%
Min
-30.45%
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their operating margin against the Software & Services industry group benchmark.

Profitability Metrics

Profitability metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
ROE (TTM)29.95%-2.87%
ROA (TTM)16.15%-1.03%
Net Margin (TTM)16.22%-1.89%
Operating Margin (TTM)20.97%-1.01%
Gross Margin (TTM)29.75%76.87%

Growth

Revenue Growth

Zscaler (ZS) at 25.42% is around its peer norm for revenue growth, while Infosys (INFY) at 4.57% drops into the bottom quartile, signaling weaker demand or pricing momentum.

Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their Revenue Growth across different time periods.

EPS Growth

Only one side can be read here: Infosys (INFY) reports EPS growth of 5.26%, ranked against its industry; Zscaler (ZS) has no EPS growth figure this period.

Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Revenue Growth (YoY)4.57%25.42%
Revenue Growth (3Y CAGR)3.44%27.51%
EPS Growth (YoY)5.26%--
EPS Growth (3Y CAGR)4.06%--

Financial Strength

Current Ratio (MRQ)

Both Infosys (INFY) at 1.97 and Zscaler (ZS) at 1.70 carry current ratio within their industries’ typical mid-ranges, suggesting balanced short-term liquidity relative to peers.

INFY

Software & Services industry group

1.97

Max
5.11
Q3
2.77
INFY
1.97
Median
1.67
Q1
1.01
Min
0.03

ZS

Software & Services industry group

1.70

Max
5.11
Q3
2.77
ZS
1.70
Median
1.67
Q1
1.01
Min
0.03
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their current ratio against the Software & Services industry group benchmark.

Debt / Equity (MRQ)

Both Infosys (INFY) at 0.09 and Zscaler (ZS) at 0.72 fund their balance sheets with roughly industry-typical debt-to-equity mixes.

INFY

Software & Services industry group

0.09

Max
2.52
Q3
1.13
Median
0.40
INFY
0.09
Q1
0.07
Min
0.00

ZS

Software & Services industry group

0.72

Max
2.52
Q3
1.13
ZS
0.72
Median
0.40
Q1
0.07
Min
0.00
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their debt-to-equity ratio against the Software & Services industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Current Ratio (MRQ)1.971.70
Debt / Equity (MRQ)0.090.72
Net Debt / EBITDA-0.63-36.63

Dividends

Dividend Yield (TTM)

Zscaler (ZS) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Infosys (INFY) reports a yield of 4.14%, ranking against industry peers normally.

INFY

Software & Services industry group

4.14%

INFY
4.14%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZS

Software & Services industry group

0.00%

ZS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their dividend yield against the Software & Services industry group benchmark.

Dividend Payout Ratio (TTM)

Zscaler (ZS) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Infosys (INFY) reports a payout of 65.45%, ranking against industry peers normally.

INFY

Software & Services industry group

65.45%

INFY
65.45%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%

ZS

Software & Services industry group

0.00%

ZS
0.00%
Max
0.00%
Q3
0.00%
Median
0.00%
Q1
0.00%
Min
0.00%
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their payout ratio against the Software & Services industry group benchmark.

Dividend Metrics

Dividend metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
Dividend Yield (TTM)4.14%0.00%
Dividend Payout Ratio (TTM)65.45%0.00%

Valuation

P/E Ratio (TTM)

An earnings multiple is available for just one side: Infosys (INFY) trades at 15.43 times trailing earnings, ranked against its peers, while Zscaler (ZS) has no P/E ratio this period.

INFY

Software & Services industry group

15.43

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
INFY
15.43
Min
6.69

ZS

Software & Services industry group

--

Max
112.94
Q3
60.32
Median
32.91
Q1
18.77
Min
6.69
ZS
--
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): ZS does not report P/E ratio, so it has no value marker; INFY is benchmarked against the Software & Services industry group.

P/S Ratio (TTM)

Infosys (INFY) at 2.49 is priced about in line with its industry on P/S ratio, while Zscaler (ZS) at 9.61 sits in the pricier quartile — ZS costs more per dollar of sales.

INFY

Software & Services industry group

2.49

Max
17.91
Q3
8.78
Median
4.25
INFY
2.49
Q1
2.23
Min
0.02

ZS

Software & Services industry group

9.61

Max
17.91
ZS
9.61
Q3
8.78
Median
4.25
Q1
2.23
Min
0.02
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their P/S ratio against the Software & Services industry group benchmark.

P/B Ratio (MRQ)

Both Infosys (INFY) at 9.80 and Zscaler (ZS) at 12.40 carry a premium to book value versus peers, sitting in the upper P/B ratio quartile of their industries.

INFY

Software & Services industry group

9.80

Max
16.63
INFY
9.80
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90

ZS

Software & Services industry group

12.40

Max
16.63
ZS
12.40
Q3
8.50
Median
4.30
Q1
1.92
Min
-3.90
Loading chart…
Infosys (INFY) vs. Zscaler (ZS): A comparison of their P/B ratio against the Software & Services industry group benchmark.

Valuation Metrics

Valuation metrics for Infosys (INFY) and Zscaler (ZS)
MetricINFYZS
P/E Ratio (TTM)15.43--
P/S Ratio (TTM)2.499.61
P/B Ratio (MRQ)9.8012.40
Free Cash Flow Yield (TTM)6.52%3.34%