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ZILLOW GROUP, INC. Z

Nasdaq · stock · Services-Business Services, NEC · website · IPO 2011-07-20 · LEI

ZILLOW GROUP, INC. statistics & valuation

Market cap$7.6B
P / E331.4×
P / S3.0×
P / B1.6×
P / FCF32.4×
Net margin0.9%
Return on equity0.5%
FCF margin9.1%
Return on capital-0.7%
Graham number -81.2%$6.24

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($6.24); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-26.00% -8.80% -9.00% -11.10% -10.00% -24.80% -5.20% -8.10% -5.00% 0.90% 2016201720182019202020212022202320242025
Gross margin (%)
43.70% 84.30% 84.80% 81.30% 78.40% 76.40% 74.10% 2016201720182019202020212022202320242025
Operating margin (%)
-22.80% -15.00% -9.70% -9.00% 6.70% 11.20% -4.70% -13.90% -8.80% -1.30% 2016201720182019202020212022202320242025
Return on equity (%)
-8.70% -3.50% -3.70% -8.90% -3.40% -9.90% -2.30% -3.50% -2.30% 0.50% 2016201720182019202020212022202320242025
Shares outstanding
206.4M 231.4M 261.8M 242.2M 233.6M 234.1M 254.1M 2016201720182019202020212022202320242025
Net debt ($)
$123.8M $33.3M $48.0M $402.1M -$89.6M -$995.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-7.00% -2.90% -2.80% -5.00% -2.20% -4.90% -1.50% -2.40% -1.90% 0.40% 2016201720182019202020212022202320242025
Free cash flow margin (%)
-6.30% 17.80% -4.70% -24.80% 20.80% -152.50% 224.20% 11.30% 12.70% 9.10% 2016201720182019202020212022202320242025
Debt / equity (×)
0.15× 0.14× 0.21× 0.45× 0.34× 0.25× 2016201720182019202020212022202320242025
EPS ($)
-$1.48 -$0.70 -$2.02 -$0.42 -$0.68 -$0.48 $0.09 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin74.1%76.4%78.4%81.3%84.8%84.3%43.7%———
Operating margin-1.3%-8.8%-13.9%-4.7%11.2%6.7%-9.0%-9.7%-15.0%-22.8%
Net margin0.9%-5.0%-8.1%-5.2%-24.8%-10.0%-11.1%-9.0%-8.8%-26.0%
FCF margin9.1%12.7%11.3%224.2%-152.5%20.8%-24.8%-4.7%17.8%-6.3%
Return on assets0.4%-1.9%-2.4%-1.5%-4.9%-2.2%-5.0%-2.8%-2.9%-7.0%
Return on equity0.5%-2.3%-3.5%-2.3%-9.9%-3.4%-8.9%-3.7%-3.5%-8.7%
Debt / equity————0.25×0.34×0.45×0.21×0.14×0.15×
Current ratio3.132.813.2413.341.985.463.816.587.115.99

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.