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Ziff Davis, Inc.

ZD Communication Services Advertising Agencies

Ziff Davis, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.5 billion, up 3.54% from fiscal 2024.

Revenue
−18.6%
EPS
+2,623.8%
Free cash flow
+100.3%
Total debt
+0.26%

Quarter to June 2026, against a year earlier

54.36 2.39 −4.21%
Market cap
$1.9B
P/E
3.1×
Fwd P/E
2.8×
Dividend yield
—
F-score
7/9
Altman Z
1.62
Beneish M
−2.95
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 2.13
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — — — — — 1 5 — 3 — — —
Insider Ownership 9.18%

Capital & Financial Ratios $m

Size
Market Cap 1,860.00
Revenue ttm 1,324.80
Net income ttm 643.49
Free cash flow ttm 316.73
Net debt Q (738.47)
Valuation
P/E 3.08
Forward P/E 2.84
Price / sales 1.49
Forward P/S Powerpack
Price / FCF 6.25
Price / book 0.88
Financial health
Current ratio Q 2.16 (at or above 1.5: strong)
Debt / equity Q 0.39 (at or below 0.5: strong)
Interest coverage Q (7.75)
Growth
Revenue growth Q −18.59% (below 0%: shrinking)
Operating income growth Q −424.79% (below 0%: shrinking)
EPS, this year −22.99% (below 0%: weak)
EPS, next year A +13.36%
Revenue, next year A −18.00% (below 0%: weak)
EPS, past 5 yrs −18.41% (below 0%: weak)
EPS, next 5 yrs A +4.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.9×, against a ten-year median of 3.4×; over the ten years it ranged from 0.9× in 2026 to 6.2× in 2021.
P/E against its own 10 years 1.17%
10-year low 10-year high
P/S against its own 10 years 14.56%
10-year low 10-year high
P/B against its own 10 years 9.13%
10-year low 10-year high
EV/Sales against its own 10 years 1.17%
10-year low 10-year high
EV/FCF against its own 10 years 1.17%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—
Growth, 2016–23
−100.0%/yr
  1. 1.18 ’16
  2. 1.32 ’17 +12
  3. 1.46 ’18 +11
  4. 0.78 ’19 −46
  5. 0.00 ’20 −100
  6. 0.00 ’21
  7. 0.00 ’22
  8. 0.00 ’23
paid change on the year, %

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 765 506 607 1,606
Receivables 338 660 667 419
Inventory — — — —
Other — — — —
1,191 1,272 1,370 2,085
2023 2024 2025 Q'26
Payables 217 671 709 490
ST’ Debt — — 149 149
Other 16 9 17 12
432 900 1,075 963

Compound Annual Growth %

10y 5y 3y
Sales 7.25% 4.60% 1.42%
Cash Flow 5.92% (3.25%) 6.56%
Earnings (9.85%) (20.66%) (9.44%)
Book Value 7.01% 7.68% (2.51%)

Earnings Trends EPS, adjusted, against the consensus

Q1 FY26 Estimate 0.72 Actual 0.73

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q2 FY25 1.22 1.24 Beat by 0.02
Q3 FY25 1.76 1.76 Met by 0.00
Q4 FY25 2.71 2.56 Miss by 0.15
Q1 FY26 0.72 0.73 Beat by 0.01
Q3 FY26 1.33 — Reports 5 November 2026

EPS $

Mar Jun Sep Dec Year
’26 0.59 17.16 — — —
’25 0.56 0.62 (0.09) 0.01 1.15
’24 0.23 0.77 (1.11) 1.43 1.42
’23 (0.16) 0.36 (0.67) 1.29 0.89
’22 0.51 (0.99) 0.39 1.34 1.36
’21 1.67 0.33 0.88 7.39 10.33
’20 (0.13) 0.80 1.31 1.27 3.18
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 268 287 — — —
’25 329 352 364 407 1,451
’24 314 321 354 413 1,402
’23 307 326 341 390 1,364
’22 315 337 342 397 1,391
’21 312 341 355 409 1,417
’20 332 331 357 138 1,159
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 30 89 — — —
’25 21 57 138 191 407
’24 76 51 106 158 390
’23 115 40 73 92 320
’22 117 76 101 43 336
’21 179 111 140 86 517
’20 102 140 114 124 480
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (3) 54 — — —
’25 (5) 27 108 158 288
’24 47 25 80 131 284
’23 85 14 46 66 211
’22 86 53 74 18 230
’21 152 86 103 61 403
’20 75 116 91 103 385
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 874 1,118 1,207 1,050 1,159 1,417 1,391 1,364 1,402 1,451 1,325 +5.8% 1,190 1,207 1,232 (5.3%)
Gross margin, % 83.17 84.59 83.35 82.17 84.60 86.73 86.73 86.39 85.71 85.76 92.28 +2.6 pt
EBT 211 200 178 55 78 351 131 75 93 81 10 (10.1%)
EBT margin, % 24.19 17.89 14.71 5.22 6.76 24.80 9.43 5.50 6.65 5.56 0.79 (18.6) pt
Net income 152 139 129 219 151 497 64 42 63 47 643 (12.2%)
Per share, $
Per share, $ Revenue 18.34 23.49 25.18 22.05 25.02 30.87 29.62 29.40 31.53 35.42 36.41 +7.6%
Earnings 3.15 2.89 2.64 4.52 3.24 10.78 1.36 0.89 1.42 1.16 17.67 (10.5%)
Cash flow 5.92 5.56 8.37 8.66 10.37 11.26 7.17 6.90 8.78 9.93 12.32 +5.9%
Capex (0.61) (0.88) (1.19) (1.48) (2.05) (2.48) (2.26) (2.34) (2.40) (2.91) (3.62) +19.0%
Free cash flow 5.31 4.68 7.18 7.18 8.31 8.78 4.90 4.55 6.38 7.03 8.71 +3.1%
Book value 19.19 21.44 21.60 27.52 26.15 42.88 40.31 40.80 40.73 42.79 61.50 +9.3%
Shares, m 48 48 48 48 46 46 47 46 44 41 39 (1.7%)
Valuation, ×
Valuation, × P/E 22.43 22.27 22.50 17.85 25.51 10.54 58.38 73.16 37.74 31.38 3.08 32.2
P/S 3.86 2.74 2.37 3.65 3.35 3.59 2.68 2.29 1.72 0.99 1.49 2.7
P/B 3.69 3.00 2.76 2.93 3.21 2.59 1.97 1.65 1.33 0.82 0.88 2.4
EV/Sales 4.62 3.54 3.24 4.48 4.56 3.71 2.90 2.48 1.99 1.19 0.94 3.3
EV/FCF 15.93 17.79 11.35 13.79 13.74 13.05 17.54 16.02 9.86 6.02 3.91 13.5
Cash, $m
Cash, $m Operating cash flow 282 264 401 413 480 517 336 320 390 407 448 +4.1%
Capex (29) (42) (57) (71) (95) (114) (106) (109) (107) (119) (132) +17.0%
Free cash flow 253 223 344 342 385 403 230 211 284 288 317 +1.4%
Balance, $m
Balance, $m Working capital (106) 355 153 54 (260) 803 652 759 372 295 1,121 n/m
Net debt 657 651 804 873 1,402 167 310 237 358 259 (738) (9.8%)
Shareholders’ equity 915 1,020 1,036 1,311 1,211 1,968 1,893 1,893 1,811 1,754 2,237 +7.5%
Returns, %
Returns, % ROA 7.93 6.10 5.06 7.21 4.20 13.36 1.75 1.19 1.76 1.29 17.12 (6.6) pt
ROIC 9.65 9.19 8.30 2.52 3.31 4.90 5.65 3.89 3.27 5.68 4.71 (4.0) pt
ROE 16.89 14.23 12.33 18.65 11.95 31.25 3.30 2.19 3.40 2.66 31.54 (14.2) pt
People
People Employees 2,426 2,487 2,587 3,090 4,700 4,900 4,400 4,200 3,800 3,900 — +5.4%
Revenue/emp, $m 0.36 0.45 0.47 0.34 0.25 0.29 0.32 0.32 0.37 0.37 — +0.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026 · fundamentals updated 26 Oct 2026

Ziff Davis, Inc. vs peers in Advertising Agencies (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WPP WPP PLC $6.0B 20.8× 26.8× +7.31% (above 0%: growing) −56.60% (below 0%: shrinking) −21.98% (below 0%: shrinking) 14.73% 0.00% Compare
MGNI Magnite, Inc. $4.0B 21.9× 31.7× +13.76% (above 0%: growing) +71.43% (above 0%: growing) +36.82% (above 0%: growing) 68.65% 24.75% Compare
LFTO Liftoff Mobile, Inc $2.9B — — — n/m — 86.77% 35.27% Compare
STGW Stagwell Inc. $2.7B 271× 44.9× +9.83% (above 0%: growing) −30.00% (below 0%: shrinking) +243.48% (above 0%: growing) 37.29% 5.89% Compare
DV DoubleVerify Holdings, Inc. $2.1B 33.9× 30.0× +9.02% (above 0%: growing) +66.67% (above 0%: growing) +16.98% (above 0%: growing) 81.26% 13.78% Compare
ZD Ziff Davis, Inc. $1.9B 3.1× 2.8× −18.59% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%)
QNST QuinStreet, Inc. $1.2B 14.3× 15.7× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $858.7M 10.9× 8.2× −11.33% (below 0%: shrinking) −84.72% (below 0%: shrinking) −68.68% (below 0%: shrinking) 49.86% 5.03% Compare
EVC Entravision Communications Corporation $692.2M 21.7× — (loss-making) +87.61% (above 0%: growing) n/m +128.54% (above 0%: growing) 0.00% 12.50% Compare
Median of peers $2.4B 21.7× 28.4× +9.83% +18.33% +36.82% 43.57% 9.20%

All 41 Advertising Agencies stocks →

Pay and ownership Proxy statement filed 26 March 2026

Ownership

Directors and executive officers, together 3.40%
BlackRock, Inc. 16.63%
The Vanguard Group, Inc. 13.61%
Janus Henderson Group plc 9.09%
Pale Fire Capital SICAV a.s. Zatecka 6.87%
Legal & General Group Plc One Coleman Street London, EC2R 6.41%
Dimensional Fund Advisors LP 6.06%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Ziff Davis, Inc. (ZD) Latest News

5 Nov

Impact 3 · · StockStory

29 Oct

Impact 3 · · Simply Wall St.

12 Oct

Impact 3 · · StockStory

7 Oct

Impact 4 · · Business Wire

6 Oct

Impact 3 · · StockStory

21 Sep

Impact 3 · · PR Newswire

31 Aug

Impact 4 ·

19 Aug

Impact 4 · · Trefis

14 Aug

Impact 3 · · The Motley Fool transcript

7 Aug

Impact 4 ·
Impact 4 · · Moby transcript
Impact 3 · · MarketBeat

6 Aug

Impact 3 ·

5 Aug

Impact 3 ·

3 Jun

Impact 4 · · Simply Wall St.

15 May

Impact 3 · · The Motley Fool

12 May

Impact 4 · · Simply Wall St.

9 May

Impact 3 · · MarketBeat

7 May

Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · StockStory
Impact 3 · · Bloomberg

1 May

Impact 4 · · wwd.com

13 Apr

Impact 3 · · StockStory

8 Apr

Impact 4 · · Insider Monkey

30 Mar

Impact 4 · · Business Wire
Impact 3 · · Simply Wall St.

17 Mar

Impact 4 · · Investor's Business Daily
Impact 4 · · Investor's Business Daily

3 Mar

Impact 5 · · StockStory
stockrow.com/ZD · Data as of Oct 26, 2026 · For information only; not investment advice. · © 2026 stockrow.com