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Side-by-side financial comparison of Arhaus, Inc. (ARHS) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
ZILLOW GROUP, INC. is the larger business by last-quarter revenue ($654.0M vs $364.8M, roughly 1.8× Arhaus, Inc.). Arhaus, Inc. runs the higher net margin — 4.1% vs 0.5%, a 3.7% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 5.1%). ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $-8.8M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% CAGR vs 11.2%).
Arhaus, Inc.ARHSEarnings & Financial Report
Arhaus, Inc. is an upscale American home furnishings company headquartered in Boston Heights, Ohio. Founded in 1986 with a focus on sustainability and artisanship in product quality, Arhaus provides a diversified assortment of specialty goods and services addressing omnichannel direct-to-consumer and business-to-business residential and commercial operations.
Zillow Group, Inc., or simply Zillow, is an American tech real-estate marketplace company that was founded in 2006 by co-executive chairmen Rich Barton and Lloyd Frink, former Microsoft executives and founders of Microsoft spin-off Expedia; Spencer Rascoff, a co-founder of Hotwire.com; David Beitel, Zillow's current chief technology officer; and Kristin Acker, Zillow's current technology leadership advisor.
ARHS vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $364.8M | $654.0M |
| Net Profit | $15.1M | $3.0M |
| Gross Margin | 38.1% | 72.8% |
| Operating Margin | 5.6% | -1.7% |
| Net Margin | 4.1% | 0.5% |
| Revenue YoY | 5.1% | 18.1% |
| Net Profit YoY | -29.1% | 105.8% |
| EPS (diluted) | $0.11 | $0.01 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $364.8M | $654.0M | ||
| Q3 25 | $344.6M | $676.0M | ||
| Q2 25 | $358.4M | $655.0M | ||
| Q1 25 | $311.4M | $598.0M | ||
| Q4 24 | $347.0M | $554.0M | ||
| Q3 24 | $319.1M | $581.0M | ||
| Q2 24 | $309.8M | $572.0M | ||
| Q1 24 | $295.2M | $529.0M |
| Q4 25 | $15.1M | $3.0M | ||
| Q3 25 | $12.2M | $10.0M | ||
| Q2 25 | $35.1M | $2.0M | ||
| Q1 25 | $4.9M | $8.0M | ||
| Q4 24 | $21.3M | $-52.0M | ||
| Q3 24 | $9.9M | $-20.0M | ||
| Q2 24 | $22.2M | $-17.0M | ||
| Q1 24 | $15.1M | $-23.0M |
| Q4 25 | 38.1% | 72.8% | ||
| Q3 25 | 38.7% | 72.6% | ||
| Q2 25 | 41.4% | 74.7% | ||
| Q1 25 | 37.1% | 76.8% | ||
| Q4 24 | 40.0% | 75.8% | ||
| Q3 24 | 38.6% | 75.9% | ||
| Q2 24 | 40.1% | 77.3% | ||
| Q1 24 | 39.0% | 76.7% |
| Q4 25 | 5.6% | -1.7% | ||
| Q3 25 | 4.8% | -0.4% | ||
| Q2 25 | 13.0% | -1.7% | ||
| Q1 25 | 1.7% | -1.5% | ||
| Q4 24 | 8.2% | -12.5% | ||
| Q3 24 | 3.3% | -7.7% | ||
| Q2 24 | 9.5% | -6.6% | ||
| Q1 24 | 6.2% | -8.5% |
| Q4 25 | 4.1% | 0.5% | ||
| Q3 25 | 3.5% | 1.5% | ||
| Q2 25 | 9.8% | 0.3% | ||
| Q1 25 | 1.6% | 1.3% | ||
| Q4 24 | 6.1% | -9.4% | ||
| Q3 24 | 3.1% | -3.4% | ||
| Q2 24 | 7.2% | -3.0% | ||
| Q1 24 | 5.1% | -4.3% |
| Q4 25 | $0.11 | $0.01 | ||
| Q3 25 | $0.09 | $0.04 | ||
| Q2 25 | $0.25 | $0.01 | ||
| Q1 25 | $0.03 | $0.03 | ||
| Q4 24 | $0.15 | $-0.23 | ||
| Q3 24 | $0.07 | $-0.08 | ||
| Q2 24 | $0.16 | $-0.07 | ||
| Q1 24 | $0.11 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $253.4M | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $418.2M | $4.9B |
| Total Assets | $1.4B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $253.4M | $768.0M | ||
| Q3 25 | $262.2M | $874.0M | ||
| Q2 25 | $234.8M | $587.0M | ||
| Q1 25 | $214.4M | $914.0M | ||
| Q4 24 | $197.5M | $1.1B | ||
| Q3 24 | $177.7M | $1.1B | ||
| Q2 24 | $174.2M | $1.2B | ||
| Q1 24 | $233.2M | $1.4B |
| Q4 25 | $418.2M | $4.9B | ||
| Q3 25 | $400.4M | $5.0B | ||
| Q2 25 | $385.6M | $4.7B | ||
| Q1 25 | $348.8M | $4.8B | ||
| Q4 24 | $343.7M | $4.8B | ||
| Q3 24 | $320.6M | $4.7B | ||
| Q2 24 | $309.3M | $4.5B | ||
| Q1 24 | $285.6M | $4.7B |
| Q4 25 | $1.4B | $5.7B | ||
| Q3 25 | $1.4B | $5.7B | ||
| Q2 25 | $1.3B | $5.4B | ||
| Q1 25 | $1.3B | $5.7B | ||
| Q4 24 | $1.2B | $5.8B | ||
| Q3 24 | $1.2B | $6.2B | ||
| Q2 24 | $1.2B | $6.6B | ||
| Q1 24 | $1.2B | $6.8B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $9.3M | $72.0M |
| Free Cash FlowOCF − Capex | $-8.8M | $44.0M |
| FCF MarginFCF / Revenue | -2.4% | 6.7% |
| Capex IntensityCapex / Revenue | 5.0% | 4.3% |
| Cash ConversionOCF / Net Profit | 0.62× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $59.0M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $9.3M | $72.0M | ||
| Q3 25 | $46.1M | $105.0M | ||
| Q2 25 | $34.9M | $87.0M | ||
| Q1 25 | $46.5M | $104.0M | ||
| Q4 24 | $31.7M | $122.0M | ||
| Q3 24 | $31.1M | $171.0M | ||
| Q2 24 | $47.5M | $55.0M | ||
| Q1 24 | $36.8M | $80.0M |
| Q4 25 | $-8.8M | $44.0M | ||
| Q3 25 | $28.0M | $73.0M | ||
| Q2 25 | $20.9M | $50.0M | ||
| Q1 25 | $18.9M | $68.0M | ||
| Q4 24 | $13.0M | $88.0M | ||
| Q3 24 | $4.6M | $138.0M | ||
| Q2 24 | $11.3M | $18.0M | ||
| Q1 24 | $10.9M | $41.0M |
| Q4 25 | -2.4% | 6.7% | ||
| Q3 25 | 8.1% | 10.8% | ||
| Q2 25 | 5.8% | 7.6% | ||
| Q1 25 | 6.1% | 11.4% | ||
| Q4 24 | 3.7% | 15.9% | ||
| Q3 24 | 1.4% | 23.8% | ||
| Q2 24 | 3.6% | 3.1% | ||
| Q1 24 | 3.7% | 7.8% |
| Q4 25 | 5.0% | 4.3% | ||
| Q3 25 | 5.3% | 4.7% | ||
| Q2 25 | 3.9% | 5.6% | ||
| Q1 25 | 8.9% | 6.0% | ||
| Q4 24 | 5.4% | 6.1% | ||
| Q3 24 | 8.3% | 5.7% | ||
| Q2 24 | 11.7% | 6.5% | ||
| Q1 24 | 8.8% | 7.4% |
| Q4 25 | 0.62× | 24.00× | ||
| Q3 25 | 3.77× | 10.50× | ||
| Q2 25 | 1.00× | 43.50× | ||
| Q1 25 | 9.53× | 13.00× | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 3.14× | — | ||
| Q2 24 | 2.14× | — | ||
| Q1 24 | 2.44× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARHS
| Sales Channel Retail | $305.7M | 84% |
| Sales Channel E Commerce | $59.2M | 16% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
