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

Updated on August 26, 2025

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

Company Profile

WIT 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	WIT	ZS
Company Name	Wipro Limited	Zscaler, Inc.
Country	India	United States
GICS Sector	Information Technology	Information Technology
GICS Industry	IT Services	Software
Market Capitalization	29.82 billion USD	41.98 billion USD
Exchange	NYSE	NasdaqGS
Listing Date	October 19, 2000	March 16, 2018
Security Type	ADR	Common Stock

Historical Performance

This chart compares the performance of WIT 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.

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

Historical Performance at a Glance

Symbol	WIT	ZS
5-Day Price Return	2.71%	-1.91%
13-Week Price Return	1.43%	6.66%
26-Week Price Return	-17.85%	25.62%
52-Week Price Return	-2.21%	36.34%
Month-to-Date Return	2.25%	-5.57%
Year-to-Date Return	-15.95%	49.47%
10-Day Avg. Volume	8.74M	1.00M
3-Month Avg. Volume	10.53M	2.19M
3-Month Volatility	19.72%	33.74%
Beta	0.67	1.06

Profitability

Return on Equity (TTM)

WIT

15.98%

IT Services Industry

Max: 29.51%
Q3: 16.98%
Median: 13.47%
Q1: 7.93%
Min: -3.97%

WIT’s Return on Equity of 15.98% is on par with the norm for the IT Services industry, indicating its profitability relative to shareholder equity is typical for the sector.

ZS

-2.54%

Software Industry

Max: 59.01%
Q3: 21.98%
Median: 7.15%
Q1: -11.12%
Min: -51.24%

ZS has a negative Return on Equity of -2.54%. 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.

WIT vs. ZS: A comparison of their Return on Equity (TTM) against their respective IT Services and Software industry benchmarks.

Net Profit Margin (TTM)

WIT

15.08%

IT Services Industry

Max: 19.82%
Q3: 11.49%
Median: 6.67%
Q1: 3.61%
Min: -4.62%

A Net Profit Margin of 15.08% places WIT in the upper quartile for the IT Services industry, signifying strong profitability and more effective cost management than most of its peers.

ZS

-1.52%

Software Industry

Max: 48.14%
Q3: 18.23%
Median: 5.60%
Q1: -9.22%
Min: -49.36%

ZS has a negative Net Profit Margin of -1.52%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

WIT vs. ZS: A comparison of their Net Profit Margin (TTM) against their respective IT Services and Software industry benchmarks.

Operating Profit Margin (TTM)

WIT

16.91%

IT Services Industry

Max: 21.69%
Q3: 14.50%
Median: 10.06%
Q1: 6.98%
Min: 0.06%

An Operating Profit Margin of 16.91% places WIT in the upper quartile for the IT Services industry. This signals a strong ability to translate revenue into operating profit, outperforming most of its competitors in core business efficiency.

ZS

-4.84%

Software Industry

Max: 57.34%
Q3: 20.60%
Median: 7.84%
Q1: -8.72%
Min: -51.37%

ZS has a negative Operating Profit Margin of -4.84%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

WIT vs. ZS: A comparison of their Operating Profit Margin (TTM) against their respective IT Services and Software industry benchmarks.

Profitability at a Glance

Symbol	WIT	ZS
Return on Equity (TTM)	15.98%	-2.54%
Return on Assets (TTM)	10.44%	-0.78%
Net Profit Margin (TTM)	15.08%	-1.52%
Operating Profit Margin (TTM)	16.91%	-4.84%
Gross Profit Margin (TTM)	30.34%	77.38%

Financial Strength

Current Ratio (MRQ)

WIT

2.40

IT Services Industry

Max: 2.42
Q3: 1.81
Median: 1.47
Q1: 1.09
Min: 0.44

WIT’s Current Ratio of 2.40 is in the upper quartile for the IT Services industry. This signifies a strong liquidity position, suggesting the company is well-equipped to cover its immediate liabilities compared to its peers.

ZS

1.24

Software Industry

Max: 3.83
Q3: 2.31
Median: 1.45
Q1: 1.03
Min: 0.24

ZS’s Current Ratio of 1.24 aligns with the median group of the Software industry, indicating that its short-term liquidity is in line with its sector peers.

WIT vs. ZS: A comparison of their Current Ratio (MRQ) against their respective IT Services and Software industry benchmarks.

Debt-to-Equity Ratio (MRQ)

WIT

0.18

IT Services Industry

Max: 2.33
Q3: 1.17
Median: 0.54
Q1: 0.15
Min: 0.00

WIT’s Debt-to-Equity Ratio of 0.18 is typical for the IT Services industry, indicating its use of leverage is in line with the sector norm. This suggests a balanced approach to its capital structure.

ZS

0.64

Software Industry

Max: 2.14
Q3: 0.90
Median: 0.29
Q1: 0.00
Min: 0.00

ZS’s Debt-to-Equity Ratio of 0.64 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.

WIT vs. ZS: A comparison of their Debt-to-Equity Ratio (MRQ) against their respective IT Services and Software industry benchmarks.

Interest Coverage Ratio (TTM)

WIT

IT Services Industry

Max: 144.50
Q3: 84.49
Median: 13.76
Q1: 2.59
Min: -28.13

Interest Coverage Ratio data for WIT is currently unavailable.

ZS

-6.38

Software Industry

Max: 67.02
Q3: 19.86
Median: 0.70
Q1: -12.50
Min: -53.00

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.

WIT vs. ZS: A comparison of their Interest Coverage Ratio (TTM) against their respective IT Services and Software industry benchmarks.

Financial Strength at a Glance

Symbol	WIT	ZS
Current Ratio (MRQ)	2.40	1.24
Quick Ratio (MRQ)	2.34	1.20
Debt-to-Equity Ratio (MRQ)	0.18	0.64
Interest Coverage Ratio (TTM)	--	-6.38

Growth

Revenue Growth

WIT 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

WIT 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)

WIT

0.20%

IT Services Industry

Max: 2.80%
Q3: 1.74%
Median: 0.62%
Q1: 0.00%
Min: 0.00%

WIT’s Dividend Yield of 0.20% is consistent with its peers in the IT Services industry, providing a dividend return that is standard for its sector.

ZS

0.00%

Software Industry

Max: 0.08%
Q3: 0.03%
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.

WIT vs. ZS: A comparison of their Dividend Yield (TTM) against their respective IT Services and Software industry benchmarks.

Dividend Payout Ratio (TTM)

WIT

175.79%

IT Services Industry

Max: 147.75%
Q3: 63.58%
Median: 24.63%
Q1: 0.00%
Min: 0.00%

At 175.79%, WIT’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the IT Services industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

ZS

0.00%

Software Industry

Max: 1.32%
Q3: 0.53%
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.

WIT vs. ZS: A comparison of their Dividend Payout Ratio (TTM) against their respective IT Services and Software industry benchmarks.

Dividend at a Glance

Symbol	WIT	ZS
Dividend Yield (TTM)	0.20%	0.00%
Dividend Payout Ratio (TTM)	175.79%	0.00%

Valuation

Price-to-Earnings Ratio (TTM)

WIT

19.13

IT Services Industry

Max: 41.55
Q3: 31.54
Median: 23.25
Q1: 18.12
Min: 6.57

WIT’s P/E Ratio of 19.13 is within the middle range for the IT Services industry. This suggests its valuation is in line with the sector average, representing neither a significant premium nor a discount compared to its peers.

ZS

Software Industry

Max: 149.35
Q3: 100.21
Median: 47.97
Q1: 26.77
Min: 11.68

P/E Ratio data for ZS is currently unavailable.

WIT vs. ZS: A comparison of their Price-to-Earnings Ratio (TTM) against their respective IT Services and Software industry benchmarks.

Price-to-Sales Ratio (TTM)

WIT

2.89

IT Services Industry

Max: 6.61
Q3: 4.37
Median: 2.02
Q1: 1.20
Min: 0.19

WIT’s P/S Ratio of 2.89 aligns with the market consensus for the IT Services industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

ZS

17.53

Software Industry

Max: 25.24
Q3: 13.52
Median: 8.15
Q1: 4.87
Min: 0.98

ZS’s P/S Ratio of 17.53 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.

WIT vs. ZS: A comparison of their Price-to-Sales Ratio (TTM) against their respective IT Services and Software industry benchmarks.

Price-to-Book Ratio (MRQ)

WIT

3.21

IT Services Industry

Max: 11.19
Q3: 6.38
Median: 3.47
Q1: 2.31
Min: 0.96

WIT’s P/B Ratio of 3.21 is within the conventional range for the IT Services industry. This shows a balanced market view, where the stock’s price is neither at a significant premium nor a discount to the book value of its peers.

ZS

19.39

Software Industry

Max: 30.95
Q3: 14.91
Median: 7.75
Q1: 3.60
Min: 0.38

ZS’s P/B Ratio of 19.39 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.

WIT vs. ZS: A comparison of their Price-to-Book Ratio (MRQ) against their respective IT Services and Software industry benchmarks.

Valuation at a Glance

Symbol	WIT	ZS
Price-to-Earnings Ratio (TTM)	19.13	--
Price-to-Sales Ratio (TTM)	2.89	17.53
Price-to-Book Ratio (MRQ)	3.21	19.39
Price-to-Free Cash Flow Ratio (TTM)	16.54	64.60