Company Analysis

Zillow Group, Inc. ZG

A comprehensive view of key metrics, scores, and financial health for Zillow Group, Inc.

Overview of Zillow Group, Inc.

ZG NMS

Communication Services Internet Content & Information Framework: Software & SaaS Mid Cap

Zillow Group, Inc. (ZG), is a Mid Cap company, in the Internet Content & Information industry, last closed at $32.90, about 17.0% overvalued vs fair value, -52.8% 1Y return, ranked 114/271 in sector.

Metrics P/E 753.8× Rev Growth 15.5% ROE 0.5% Gross Margin 74.1%

USD 32.90

3.17%

(Delayed)

• Vol 90d: 54.9%

52-Week Range

Low

27.70

11%

Now 32.90

High

73.87

Market Cap

$7.40B

Enterprise Value

$7.29B

Overall Score

View breakdown

Overall

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Fair

Valuation

Fair

Growth

Fair

Profitability

Fair

Health

Fair

Efficiency

Fair

Valuation

Fair

Completeness: 82%

Confidence: 92%

Updated: Oct 31

Top Beats

Quick Facts

Website https://www.zillowgroup.com

HQ Seattle, WA

Employees 7,068

Fiscal year Dec 31

Next Events

Earnings Nov 4 Call: Nov 4

Fair Value Snapshot

Bear Base Bull

$25

$27

$30

Current: $32.90 -17% vs base

Engine Room Money Flow™

Mid Cap

Software & SaaS - Where revenue goes and how value is created

Flow Steps

Total Revenue

$2.6B

15.5%%

Gross Profit

$1.9B

12.1%%

Operating Income (GAAP)

-$34.0M

82.7%%

Operating Cash Flow

$368.0M

-14%%

Money Flow Bridge

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Flow Direction: Money moves from left to right

Components: Breakdown shows composition of each stage

Industry-Specific: Software & SaaS

Data Quality Notes

Operating income is the as-reported (GAAP) figure, the same basis as net income.
Note: 'Free Cash Flow' here is GAAP FCF (Operating Cash Flow − CapEx). Many software companies report an adjusted FCF that also adds back SBC; the Rule of 40 and FCF Margin shown use GAAP FCF, which is the more conservative and investor-relevant figure.
SBC is 15.1% of revenue — a real economic cost that dilutes shareholders annually even though it is a non-cash GAAP charge.
Rule of 40 score is 19.4 — below the 40-point benchmark. The company is not yet balancing growth and profitability at the level typically expected by institutional SaaS investors.

Quality & Reliability Indicators

Gross Margin

74.1%

Active Leaks

3/6

Improving

High Impact

Critical

Stock-Based Compensation Leak

Current: 106.0%

Full moat analysis

Key strengths

FCF Margin Is Improving FCF trend is favorable (score 0.89), indicating improving cash scalability.
Deferred Revenue Momentum Contracted demand signals are healthy (score 0.65), consistent with recurring revenue strength.

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Where management spends the performance budget - Growth, Profitability, or Safety

Software SaaS vs Industry Peers 100% Coverage

Click axes to expand details. Marker shows current allocation.

3-Year Trend Analysis Locked

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Growth

65th percentile vs peers

Key Signals

Rev Growth YoY 15.5% 63p Revenue CAGR 3Y 9.7% 51p TSR 82.7% 89p Def Rev Growth 11.3% 57p EPS Growth YoY 1.19 83p

Strengths

Growth above peer median with strong metric coverage (100%)
TSR in top 20% of peers (82.7%, 89th percentile)
EPS Growth YoY in top 20% of peers (1.19, 83th percentile)
Strong liquidity position vs peers

Risks

No significant risks identified for this axis.

Profitability

55th percentile vs peers

Key Signals

Strengths

Risks

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Safety

62th percentile vs peers

Key Signals

Strengths

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Two Futures

Scenario-based fair value ranges for Zillow Group, Inc..

WACC X.X%

X%XX%

Rev CAGR 5Y X.X%

-XX%XX%

Op Margin XX.X%

-XX%XX%

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Bear

- - -

- upside

Base

$27.30

- - -

-17.0% vs current

Snapshot base estimate

Bull

- - -

- upside

Fair Value Range Current: $-

$- $- $-

Zillow Group, Inc. ZG

Overview of Zillow Group, Inc.

Quick Facts

Next Events

Fair Value Snapshot

Flow Steps

Money Flow Bridge

Data Quality Notes

Quality & Reliability Indicators

Gross Margin

Locked Metric

Locked Metric

Locked Metric

Locked Metric

Locked Metric

Locked Metric

Stock-Based Compensation Leak

Locked Leak

Locked Leak

Locked Leak

Locked Leak

Locked Leak

Key strengths

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Pricing Power

Recurring Revenue Stickiness

Innovation Engine

Cash Scalability

Capital Efficiency

Balance Sheet Resilience

Growth

Profitability

Safety

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