Match Group Inc. (MTCH) vs Zillow Group, Inc. (ZG)

Match Group Inc. and Zillow Group, Inc. are both Internet Content & Information companies. Match Group Inc. is the larger, with a market value of $8.9B against $6.9B — 1.3× the size. Zillow Group, Inc. has negative trailing earnings, so its P/E is not meaningful; Match Group Inc. trades at 12.7×. Zillow Group, Inc. grew revenue faster over the last twelve months: 15.1% against 0.49%. Match Group Inc. has the higher net margin (20.7% vs −3.95%) and the higher return on invested capital (24.1% vs −2.33%). Across the 20 metrics below, Match Group Inc. leads on 13 and Zillow Group, Inc. on 7.

Valuation

Metric MTCH ZG Internet Content & Information median
P/E 12.67 n/m 12.38
P/S 2.58 2.44 0.93
P/B n/m 1.65 1.24
Price to free cash flow 7.88 25.48 10.76
EV/EBITDA 10.66 23.39 10.74
EV/Sales 3.51 2.50 1.20
Earnings yield 7.89% (1.68%) (1.71%)
Free cash flow yield 12.69% 3.92% 4.26%

Profitability

Metric MTCH ZG Internet Content & Information median
Gross margin 75.79% 72.53% 63.25%
Operating margin 29.69% (5.11%) (1.87%)
Net margin 20.69% (3.95%) (1.37%)
Free cash flow margin 32.69% 9.59% 3.47%
Return on equity (397.14%) (2.45%) (1.19%)
Return on assets 16.52% (2.05%) 0.00%
Return on invested capital 24.10% (2.33%) 0.00%

Growth

Metric MTCH ZG Internet Content & Information median
Revenue growth (TTM) 0.49% 15.10% 6.92%
EPS growth (last fiscal year) 17.82% 118.75% 34.37%
Revenue growth, 5-year CAGR 7.84% 9.73% 10.46%
Net income growth, 5-year CAGR 30.46% 0.00% 0.00%

Health

Metric MTCH ZG Internet Content & Information median
Debt to equity (25.48) 0.09 0.01
Current ratio 1.79 1.76 1.84
Net debt to EBITDA 3.01 (3.61) (0.53)

Dividend

Metric MTCH ZG Internet Content & Information median
Dividend yield 2.02% — 1.19%
Payout ratio 0.27 — 0.27

Size

Metric MTCH ZG Internet Content & Information median
Market cap 8.91b 6.93b 693.23m

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