Ziff Davis, Inc.

ZD Communication Services Advertising Agencies

In the quarter to June 2026, revenue fell 2.74%, EPS grew 2,623.8%, free cash flow grew 100.3% and total debt was flat, each against the same quarter a year earlier. Dividend growth for five consecutive years.

56.96 1.48 −2.53%
Market cap
$2.0B
P/E
3.2×
Fwd P/E
18.8×
Dividend yield
—
F-score
7/9
Altman Z
1.62
Beneish M
−2.95
Dividend safety
n/a

Insider Decisions trades per month

Total sells 2.13
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — 1 5 — 3 — —
Insider Ownership 9.24%

Capital & Financial Ratios $m

Market Cap 2,000.00
Revenue 1,438.03
Net Income 643.49
Free Cash Flow 316.73
Net Debt (738.47)
Current Ratio 2.16 (at or above 1.5: strong)
Debt/Equity 0.39 (at or below 0.5: strong)
P/E ratio 3.22
Fwd P/E 18.80
P/S ratio 1.44
P/B ratio 0.93
Past 5Y EPS Growth (18.41%) (below 0%: weak)
This Y EPS Growth (22.99%) (below 0%: weak)
Next Y EPS Growth 13.36%
Next Y revenue growth (18.00%) (below 0%: weak)
Next 5Y EPS Growth 4.00%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 2.43%
10-year low 10-year high
P/S against its own 10 years 15.44%
10-year low 10-year high
P/B against its own 10 years 11.39%
10-year low 10-year high
EV/Sales against its own 10 years 2.43%
10-year low 10-year high
EV/FCF against its own 10 years 2.43%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 0.78
0.39
0.40
2018 1.46
0.35
0.36
0.37
0.38
2017 1.32
0.32
0.33
0.33
0.34
2016 1.18
0.28
0.29
0.30
0.31
special payouts not included in total or ratios

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%)

Revenue $m

Mar Jun Sep Dec Year
’26 268 287 — — —
’25 273 295 364 520 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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 48.20 61.82 56.58 58.16 46.30 81.55 66.85 57.97 37.76 28.55

Analyst estimates 2026–2028

Powerpack
High 72.61 79.55 79.63 87.71 90.93 135.00 114.43 94.06 70.90 56.48
People
People Employees 2,426 2,487 2,587 3,090 4,700 4,900 4,400 4,200 3,800 3,900
Revenue/emp, $m 0.36 0.45 0.47 0.34 0.25 0.29 0.32 0.32 0.37 0.37
Income, $m
Income, $m Revenue 874 1,118 1,207 1,050 1,159 1,417 1,391 1,364 1,402 1,451
Gross margin, % 83.17 84.59 83.35 82.17 84.60 86.73 86.73 86.39 85.71 85.76
EBT 211 200 178 55 78 351 131 75 93 81
EBT margin, % 24.19 17.89 14.71 5.22 6.76 24.80 9.43 5.50 6.65 5.56
Net income 152 139 129 219 151 497 64 42 63 47
Depreciation 132 174 199 267 275 292 274 305 308 255
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
Earnings 3.15 2.89 2.64 4.52 3.24 10.78 1.36 0.89 1.42 1.16
Cash flow 5.92 5.56 8.37 8.66 10.37 11.26 7.17 6.90 8.78 9.93
Capex (0.61) (0.88) (1.19) (1.48) (2.05) (2.48) (2.26) (2.34) (2.40) (2.91)
Free cash flow 5.31 4.68 7.18 7.18 8.31 8.78 4.90 4.55 6.38 7.03
Book value 19.19 21.44 21.60 27.52 26.15 42.88 40.31 40.80 40.73 42.79
Shares, m 48 48 48 48 46 46 47 46 44 41
Valuation, ×
Valuation, × P/E 22.69 22.54 22.77 18.07 25.82 10.54 58.38 73.16 37.74 31.38
P/S 3.91 2.77 2.40 3.70 3.39 3.59 2.68 2.29 1.72 0.99
P/B 3.74 3.04 2.79 2.96 3.25 2.59 1.97 1.65 1.33 0.82
EV/Sales 4.66 3.58 3.27 4.53 4.60 3.71 2.90 2.48 1.99 1.19
EV/FCF 16.09 17.96 11.45 13.93 13.86 13.05 17.54 16.02 9.86 6.02
Cash, $m
Cash, $m Operating cash flow 282 264 401 413 480 517 336 320 390 407
Capex (29) (42) (57) (71) (95) (114) (106) (109) (107) (119)
Free cash flow 253 223 344 342 385 403 230 211 284 288
Balance, $m
Balance, $m Working capital (106) 355 153 54 (260) 803 652 759 372 295
Total debt 781 1,002 1,013 1,448 1,579 1,091 1,021 1,001 864 867
Net debt 657 651 804 873 1,402 167 310 237 358 259
Shareholders’ equity 915 1,020 1,036 1,311 1,211 1,968 1,893 1,893 1,811 1,754
Returns, %
Returns, % ROA 7.93 6.10 5.06 7.21 4.20 13.36 1.75 1.19 1.76 1.29
ROIC 9.65 9.19 8.30 2.52 3.31 4.90 5.65 3.89 3.27 5.68
ROE 16.89 14.23 12.33 18.65 11.95 31.25 3.30 2.19 3.40 2.66
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
TTD The Trade Desk $6.2B 14.4× 19.9× +3.03% (above 0%: growing) −22.22% (below 0%: shrinking) +29.84% (above 0%: growing) 74.22% 14.21% Compare
WPP WPP PLC $5.9B 20.3× 7.5× +7.31% (above 0%: growing) −56.60% (below 0%: shrinking) −21.98% (below 0%: shrinking) 14.73% 0.00% Compare
MGNI Magnite, Inc. $3.5B 20.0× 21.5× +11.24% (above 0%: growing) +75.00% (above 0%: growing) +6,786.00% (above 0%: growing) 67.83% 16.19% Compare
STGW Stagwell Inc. $2.2B 128× 20.8× +11.25% (above 0%: growing) n/m −53.97% (below 0%: shrinking) 34.24% 1.47% Compare
DV DoubleVerify Holdings, Inc. $2.1B 37.5× 21.3× +2.52% (above 0%: growing) +60.00% (above 0%: growing) +63.97% (above 0%: growing) 83.24% 11.88% Compare
ZD Ziff Davis, Inc. $2.0B 3.2× 18.8× −2.74% (below 0%: shrinking) +2,623.81% (above 0%: growing) +100.30% (above 0%: growing) 84.06% (15.60%)
QNST QuinStreet, Inc. $932.2M 11.4× 12.0× +42.67% (above 0%: growing) +450.00% (above 0%: growing) +84.60% (above 0%: growing) 13.32% 5.11% Compare
CRTO Criteo S.A. $879.9M 7.6× 8.2× −11.32% (below 0%: shrinking) −42.50% (below 0%: shrinking) −3.42% (below 0%: shrinking) 51.92% 3.51% Compare
EVC Entravision Communications Corporation $615.6M 211× — (loss-making) +126.24% (above 0%: growing) n/m +294.23% (above 0%: growing) 26.04% 13.15% Compare
Median of peers $2.2B 20.1× 19.9× +9.28% +18.89% +46.91% 43.08% 8.50%

All 42 Advertising Agencies stocks →

Ziff Davis, Inc. (ZD) key facts

  • Ziff Davis, Inc. (ZD) is an Advertising Agencies company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, ZD traded at $56.96, a market capitalization of $2.0 billion.
  • Return on equity was 2.66% and debt-to-equity 0.39.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 1.62 (distress zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Ziff Davis, Inc. (ZD) Latest News

6 Oct

14 Aug

Impact 3 · transcript

9 May

stockrow.com/ZD · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com