NICE vs. ZS: A Head-to-Head Stock Comparison

Updated on October 13, 2025

Here’s a clear look at NICE and ZS, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

NICE trades as an American Depositary Receipt (ADR), offering U.S. investors a convenient way to access its foreign-listed shares. In contrast, ZS is a standard domestic listing.

Symbol	NICE	ZS
Company Name	NICE Ltd.	Zscaler, Inc.
Country	Israel	United States
GICS Sector	Information Technology	Information Technology
GICS Industry	Software	Software
Market Capitalization	8.69 billion USD	49.69 billion USD
Exchange	NasdaqGS	NasdaqGS
Listing Date	January 25, 1996	March 16, 2018
Security Type	ADR	Common Stock

Historical Performance

This chart compares the performance of NICE and ZS by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

NICE vs. ZS: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	NICE	ZS
5-Day Price Return	-8.40%	2.05%
13-Week Price Return	-20.98%	-0.82%
26-Week Price Return	-22.41%	63.31%
52-Week Price Return	9.98%	82.36%
Month-to-Date Return	-7.46%	4.75%
Year-to-Date Return	-27.30%	73.99%
10-Day Avg. Volume	0.19M	1.47M
3-Month Avg. Volume	0.15M	1.91M
3-Month Volatility	35.28%	32.62%
Beta	-0.36	1.04

Profitability

Return on Equity (TTM)

NICE

14.85%

Software Industry

Max: 66.28%
Q3: 21.28%
Median: 9.33%
Q1: -8.77%
Min: -48.16%

NICE’s Return on Equity of 14.85% is on par with the norm for the Software industry, indicating its profitability relative to shareholder equity is typical for the sector.

ZS

-2.50%

Software Industry

Max: 66.28%
Q3: 21.28%
Median: 9.33%
Q1: -8.77%
Min: -48.16%

ZS has a negative Return on Equity of -2.50%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

NICE vs. ZS: A comparison of their Return on Equity (TTM) against the Software industry benchmark.

Net Profit Margin (TTM)

NICE

18.81%

Software Industry

Max: 51.92%
Q3: 19.23%
Median: 6.98%
Q1: -7.14%
Min: -41.00%

NICE’s Net Profit Margin of 18.81% is aligned with the median group of its peers in the Software industry. This indicates its ability to convert revenue into profit is typical for the sector.

ZS

-1.55%

Software Industry

Max: 51.92%
Q3: 19.23%
Median: 6.98%
Q1: -7.14%
Min: -41.00%

ZS has a negative Net Profit Margin of -1.55%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

NICE vs. ZS: A comparison of their Net Profit Margin (TTM) against the Software industry benchmark.

Operating Profit Margin (TTM)

NICE

21.25%

Software Industry

Max: 60.40%
Q3: 21.25%
Median: 9.90%
Q1: -4.97%
Min: -43.50%

NICE’s Operating Profit Margin of 21.25% is around the midpoint for the Software industry, indicating that its efficiency in managing core business operations is typical for the sector.

ZS

-4.81%

Software Industry

Max: 60.40%
Q3: 21.25%
Median: 9.90%
Q1: -4.97%
Min: -43.50%

ZS has a negative Operating Profit Margin of -4.81%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

NICE vs. ZS: A comparison of their Operating Profit Margin (TTM) against the Software industry benchmark.

Profitability at a Glance

Symbol	NICE	ZS
Return on Equity (TTM)	14.85%	-2.50%
Return on Assets (TTM)	10.16%	-0.77%
Net Profit Margin (TTM)	18.81%	-1.55%
Operating Profit Margin (TTM)	21.25%	-4.81%
Gross Profit Margin (TTM)	67.03%	76.87%

Financial Strength

Current Ratio (MRQ)

NICE

1.83

Software Industry

Max: 4.29
Q3: 2.37
Median: 1.40
Q1: 1.03
Min: 0.25

NICE’s Current Ratio of 1.83 aligns with the median group of the Software industry, indicating that its short-term liquidity is in line with its sector peers.

ZS

2.01

Software Industry

Max: 4.29
Q3: 2.37
Median: 1.40
Q1: 1.03
Min: 0.25

ZS’s Current Ratio of 2.01 aligns with the median group of the Software industry, indicating that its short-term liquidity is in line with its sector peers.

NICE vs. ZS: A comparison of their Current Ratio (MRQ) against the Software industry benchmark.

Debt-to-Equity Ratio (MRQ)

NICE

0.12

Software Industry

Max: 2.16
Q3: 0.86
Median: 0.31
Q1: 0.00
Min: 0.00

NICE’s Debt-to-Equity Ratio of 0.12 is typical for the Software industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ZS

0.95

Software Industry

Max: 2.16
Q3: 0.86
Median: 0.31
Q1: 0.00
Min: 0.00

ZS’s leverage is in the upper quartile of the Software industry, with a Debt-to-Equity Ratio of 0.95. While this approach can boost equity growth, it also exposes the company to greater financial vulnerability.

NICE vs. ZS: A comparison of their Debt-to-Equity Ratio (MRQ) against the Software industry benchmark.

Interest Coverage Ratio (TTM)

NICE

37.69

Software Industry

Max: 89.65
Q3: 32.64
Median: 1.00
Q1: -9.84
Min: -71.23

NICE’s Interest Coverage Ratio of 37.69 is in the upper quartile for the Software industry, signifying a strong and healthy capacity to meet its interest payments from operating profits.

ZS

-6.38

Software Industry

Max: 89.65
Q3: 32.64
Median: 1.00
Q1: -9.84
Min: -71.23

ZS has a negative Interest Coverage Ratio of -6.38. This indicates that its earnings were insufficient to cover even its operational costs, let alone its interest payments, signaling significant financial distress.

NICE vs. ZS: A comparison of their Interest Coverage Ratio (TTM) against the Software industry benchmark.

Financial Strength at a Glance

Symbol	NICE	ZS
Current Ratio (MRQ)	1.83	2.01
Quick Ratio (MRQ)	1.67	1.96
Debt-to-Equity Ratio (MRQ)	0.12	0.95
Interest Coverage Ratio (TTM)	37.69	-6.38

Growth

Revenue Growth

NICE vs. ZS: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

NICE vs. ZS: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

NICE

0.00%

Software Industry

Max: 0.22%
Q3: 0.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NICE currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

ZS

0.00%

Software Industry

Max: 0.22%
Q3: 0.11%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZS currently does not pay a dividend, resulting in a yield of 0%. This is a common strategy for growth-focused companies that prioritize reinvesting earnings, though it may be less typical in mature, income-oriented sectors.

NICE vs. ZS: A comparison of their Dividend Yield (TTM) against the Software industry benchmark.

Dividend Payout Ratio (TTM)

NICE

0.00%

Software Industry

Max: 3.29%
Q3: 2.41%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

NICE has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

ZS

0.00%

Software Industry

Max: 3.29%
Q3: 2.41%
Median: 0.00%
Q1: 0.00%
Min: 0.00%

ZS has a Dividend Payout Ratio of 0%, indicating it does not currently pay a dividend. This is a common strategy for growth-oriented companies that reinvest all profits back into the business.

NICE vs. ZS: A comparison of their Dividend Payout Ratio (TTM) against the Software industry benchmark.

Dividend at a Glance

Symbol	NICE	ZS
Dividend Yield (TTM)	0.00%	0.00%
Dividend Payout Ratio (TTM)	0.00%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

NICE

16.17

Software Industry

Max: 145.74
Q3: 94.88
Median: 45.35
Q1: 26.66
Min: 8.80

In the lower quartile for the Software industry, NICE’s P/E Ratio of 16.17 suggests the stock may be undervalued compared to its peers, potentially presenting an attractive entry point for investors.

ZS

Software Industry

Max: 145.74
Q3: 94.88
Median: 45.35
Q1: 26.66
Min: 8.80

P/E Ratio data for ZS is currently unavailable.

NICE vs. ZS: A comparison of their Price-to-Earnings Ratio (TTM) against the Software industry benchmark.

Price-to-Sales Ratio (TTM)

NICE

3.04

Software Industry

Max: 25.67
Q3: 13.68
Median: 8.28
Q1: 4.95
Min: 0.90

In the lower quartile for the Software industry, NICE’s P/S Ratio of 3.04 indicates its revenue is valued more conservatively than most of its peers. This could present a compelling opportunity if the market has overlooked its sales-generating capabilities.

ZS

18.21

Software Industry

Max: 25.67
Q3: 13.68
Median: 8.28
Q1: 4.95
Min: 0.90

ZS’s P/S Ratio of 18.21 is in the upper echelon for the Software industry. This means the company is valued richly on its revenue stream compared to its peers, suggesting the stock is priced for a high level of future performance.

NICE vs. ZS: A comparison of their Price-to-Sales Ratio (TTM) against the Software industry benchmark.

Price-to-Book Ratio (MRQ)

NICE

2.94

Software Industry

Max: 30.67
Q3: 14.92
Median: 8.52
Q1: 3.89
Min: 0.38

NICE’s P/B Ratio of 2.94 is in the lower quartile for the Software industry. From a value investing perspective, this is favorable, as it suggests the stock is trading at a discount to its net asset value and may offer a greater margin of safety.

ZS

24.71

Software Industry

Max: 30.67
Q3: 14.92
Median: 8.52
Q1: 3.89
Min: 0.38

ZS’s P/B Ratio of 24.71 is in the upper tier for the Software industry. This indicates that investors are paying a premium relative to the company’s net assets, a valuation that hinges on its ability to generate superior profits.

NICE vs. ZS: A comparison of their Price-to-Book Ratio (MRQ) against the Software industry benchmark.

Valuation at a Glance

Symbol	NICE	ZS
Price-to-Earnings Ratio (TTM)	16.17	--
Price-to-Sales Ratio (TTM)	3.04	18.21
Price-to-Book Ratio (MRQ)	2.94	24.71
Price-to-Free Cash Flow Ratio (TTM)	13.08	67.00