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Zillow Group, Inc.

ZG Communication Services Internet Content & Information

Zillow Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 15.5% from fiscal 2024. In the quarter to June 2026, revenue grew 17.9%, EPS fell 300.0%, free cash flow fell 179.1% and total debt rose 102.2%, each against the same quarter a year earlier.

31.78 0.65 −2.00%
Market cap
$7.1B
P/E
144×
Fwd P/E
43.4×
Dividend yield
—
F-score
7/9
Altman Z
12.65
Beneish M
−2.30
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — — — — — — — — — — — —
Insider Ownership 82.75%

Capital & Financial Ratios $m

Market Cap 7,100.00
Revenue 2,810.00
Net Income 55.00
Free Cash Flow 220.00
Net Debt (223.00)
Current Ratio 1.92 (at or above 1.5: strong)
Debt/Equity 0.11 (at or below 0.5: strong)
P/E ratio 144.45 (above 35: high)
Fwd P/E 43.40 (above 35: high)
P/S ratio 2.58
P/B ratio 1.68
Past 5Y EPS Growth —
This Y EPS Growth 35.58% (at or above 15%: strong)
Next Y EPS Growth 30.45% (at or above 15%: strong)
Next Y revenue growth 14.13% (at or above 10%: strong)
Next 5Y EPS Growth 31.06% (at or above 15%: strong)

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.7×, against a ten-year median of 5.6×; over the ten years it ranged from 1.9× in 2020 to 11.5× in 2021.
P/S against its own 10 years 2.06%
10-year low 10-year high
P/B against its own 10 years 5.82%
10-year low 10-year high
EV/Sales against its own 10 years 4.24%
10-year low 10-year high
EV/FCF against its own 10 years 23.42%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2017 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 2,813 1,861 1,300 688
Receivables 96 104 149 175
Inventory — — — —
Other 100 159 386 494
3,149 2,334 2,122 1,741
2023 2024 2025 Q'26
Payables 28 30 36 72
ST’ Debt 93 145 364 465
Other — — — —
971 831 679 906

Compound Annual Growth %

10y 5y 3y
Sales 14.89% 9.73% 9.67%
Cash Flow 32.15% (2.75%) (56.61%)
Earnings 0.00% 0.00% 0.00%
Book Value 6.19% 0.59% 2.90%

Revenue $m

Mar Jun Sep Dec Year
’26 708 772 — — —
’25 598 655 676 654 2,583
’24 529 572 581 554 2,236
’23 469 506 496 474 1,945
’22 536 504 483 435 1,958
’21 1,218 1,310 550 535 2,132
’20 1,126 768 657 789 1,624
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 200 11 — — —
’25 104 87 105 72 368
’24 80 55 171 122 428
’23 93 100 75 86 354
’22 3,392 863 165 84 4,504
’21 241 (399) (2,804) (215) (3,177)
’20 302 391 58 (327) 423
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 156 (34) — — —
’25 (40) 43 65 33 101
’24 34 11 131 81 257
’23 53 56 34 46 189
’22 3,354 830 132 48 4,364
’21 225 (418) (2,838) (251) (3,282)
’20 265 362 34 (347) 314
Fiscal quarters ending in the months shown.

EPS $

Mar Jun Sep Dec Year
’26 0.19 (0.02) — — —
’25 0.03 0.01 0.04 0.01 0.09
’24 (0.10) (0.07) (0.08) (0.22) (0.48)
’23 (0.09) (0.15) (0.12) (0.32) (0.68)
’22 0.06 0.03 (0.22) (0.31) (0.42)
’21 0.20 0.04 (1.29) (1.03) (2.11)
’20 (0.78) (0.38) 0.16 0.18 (0.72)
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 16.45 32.63 26.20 28.12 18.65 52.31 26.21 31.48 38.06 56.63

Analyst estimates 2026–2028

Powerpack
High 39.99 50.91 65.42 50.99 149.44 212.40 65.16 58.82 83.67 90.22
People
People Employees 2,776 3,181 4,336 5,249 5,504 8,005 5,724 6,263 6,856 7,068
Revenue/emp, $m 0.30 0.34 0.31 0.52 0.30 0.27 0.34 0.31 0.33 0.37
Income, $m
Income, $m Revenue 847 1,077 1,334 2,743 1,624 2,132 1,958 1,945 2,236 2,583
Gross margin, % 91.82 92.09 88.48 43.70 84.30 84.85 81.26 78.35 76.43 74.14
EBT (220) (184) (151) (310) (3) 101 (85) (154) (107) 25
EBT margin, % (26.02) (17.09) (11.32) (11.29) (0.18) 4.74 (4.34) (7.92) (4.79) 0.97
Net income (220) (94) (120) (305) (162) (528) (101) (158) (112) 23
Depreciation 103 129 158 198 274 308 236 243 269 293
Per share, $
Per share, $ Revenue 4.70 5.78 6.74 13.29 7.25 8.53 8.09 8.33 9.55 10.68
Earnings (1.22) (0.51) (0.61) (1.48) (0.72) (2.11) (0.42) (0.68) (0.48) 0.09
Cash flow 0.05 1.38 0.02 (2.97) 1.89 (12.71) 18.60 1.52 1.83 1.52
Capex (0.40) (0.42) (0.40) (0.42) (0.49) (0.42) (0.58) (0.71) (0.73) (1.10)
Free cash flow (0.35) 0.96 (0.38) (3.39) 1.40 (13.13) 18.02 0.81 1.10 0.42
Book value 14.06 14.27 16.51 16.65 21.18 21.37 18.51 19.38 20.71 20.19
Shares, m 180 186 198 206 224 250 242 234 234 242
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 758.11
P/S 7.95 7.32 4.67 3.47 9.58 4.37 3.96 6.75 7.42 6.39
P/B 2.66 2.96 1.90 2.77 6.75 2.96 1.73 2.90 3.42 3.38
EV/Sales 7.79 6.97 4.13 3.38 9.07 3.99 3.11 5.87 6.87 6.22
EV/FCF (104.54) 41.82 (73.68) (13.27) 96.43 (4.39) 1.39 60.38 59.79 159.09
Cash, $m
Cash, $m Operating cash flow 9 258 4 (612) 423 (3,177) 4,504 354 428 368
Capex (72) (79) (79) (87) (109) (105) (140) (165) (171) (267)
Free cash flow (63) 180 (75) (699) 314 (3,282) 4,364 189 257 101
Balance, $m
Balance, $m Working capital 486 723 1,605 2,590 4,056 3,798 3,333 2,178 1,503 1,443
Total debt 367 385 849 2,265 2,284 1,432 1,697 1,093 145 364
Net debt (140) (377) (719) (247) (1,713) (1,398) (1,667) (1,720) (1,716) (936)
Shareholders’ equity 2,534 2,661 3,267 3,435 4,742 5,341 4,482 4,526 4,848 4,884
Returns, %
Returns, % ROA (7.01) (2.96) (3.19) (5.86) (2.38) (5.81) (1.17) (2.39) (1.79) 0.40
ROIC (5.04) (4.43) (3.16) (4.85) 2.25 3.79 (2.06) (6.01) (3.93) (0.54)
ROE (8.46) (3.64) (4.04) (9.11) (3.96) (10.47) (2.06) (3.51) (2.39) 0.47
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Zillow Group, Inc. vs peers in Internet Content & Information (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
PINS Pinterest, Inc. $12.9B 62.6× 41.1× +18.17% (above 0%: growing) n/m +37.24% (above 0%: growing) 78.18% (4.68%) Compare
SNAP Snap Inc. $10.9B — (loss-making) — (loss-making) +18.89% (above 0%: growing) n/m +406.61% (above 0%: growing) 58.23% (10.68%) Compare
MTCH Match Group Inc. $10.1B 14.3× 13.0× −1.23% (below 0%: shrinking) +43.14% (above 0%: growing) +52.63% (above 0%: growing) 76.06% 28.77% Compare
Z Zillow Group, Inc. $7.1B 140× 139× +17.86% (above 0%: growing) n/m −179.07% (below 0%: shrinking) 72.80% (1.30%) Compare
ZG Zillow Group, Inc. $7.1B 144× 43.4× +17.86% (above 0%: growing) n/m −179.07% (below 0%: shrinking) 72.80% (1.30%)
BZ KANZHUN LIMITED Sponsored ADR $6.5B 11.5× 11.7× +20.45% (above 0%: growing) +186.36% (above 0%: growing) −2.17% (below 0%: shrinking) 86.97% 35.99% Compare
TME Tencent Music Entertainment Group Sponsored ADR $5.5B 10.4× 10.4× +11.80% (above 0%: growing) +4.55% (above 0%: growing) +83.69% (above 0%: growing) 44.19% 29.69% Compare
BILI Bilibili Inc. Sponsored ADR $4.9B 26.5× 29.7× +15.10% (above 0%: growing) +71.43% (above 0%: growing) +130.65% (above 0%: growing) 37.22% 4.70% Compare
RUM RUM Group Inc. $3.1B — (loss-making) — (loss-making) +60.92% (above 0%: growing) n/m −455.57% (below 0%: shrinking) 24.18% (175.35%) Compare
Median of peers $6.8B 20.4× 21.4× +18.02% +57.29% +44.94% 65.52% 1.70%

All 77 Internet Content & Information stocks →

Zillow Group, Inc. (ZG) key facts

  • Strength: Zillow Group, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $2.6 billion, up 15.5% from fiscal 2024.
  • Zillow Group, Inc. (ZG) is an Internet Content & Information company in the Communication Services sector, listed on Nasdaq.
  • As of October 16, 2026, ZG traded at $31.78, a market capitalization of $7.1 billion.
  • Return on equity was 0.47% and debt-to-equity 0.11.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 12.65 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Zillow Group, Inc. (ZG) Latest News

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