vs
Side-by-side financial comparison of DIVERSIFIED HEALTHCARE TRUST (DHC) 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 $379.6M, roughly 1.7× DIVERSIFIED HEALTHCARE TRUST). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -5.6%, a 6.0% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -0.0%). ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $-166.4M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% CAGR vs 1.2%).
GE Healthcare Technologies, Inc. is an American health technology company based in Chicago, Illinois. The company, which stylizes its own name as GE HealthCare, operates four divisions: Medical imaging, which includes molecular imaging, computed tomography, magnetic resonance, women’s health screening and X-ray systems; Ultrasound; Patient Care Solutions, which is focused on remote patient monitoring, anesthesia and respiratory care, diagnostic cardiology, and infant care; and Pharmaceutical ...
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.
DHC vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $379.6M | $654.0M |
| Net Profit | $-21.2M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | -12.6% | -1.7% |
| Net Margin | -5.6% | 0.5% |
| Revenue YoY | -0.0% | 18.1% |
| Net Profit YoY | 75.7% | 105.8% |
| EPS (diluted) | $-0.09 | $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 | $379.6M | $654.0M | ||
| Q3 25 | $388.7M | $676.0M | ||
| Q2 25 | $382.7M | $655.0M | ||
| Q1 25 | $386.9M | $598.0M | ||
| Q4 24 | $379.6M | $554.0M | ||
| Q3 24 | $373.6M | $581.0M | ||
| Q2 24 | $371.4M | $572.0M | ||
| Q1 24 | $370.8M | $529.0M |
| Q4 25 | $-21.2M | $3.0M | ||
| Q3 25 | $-164.0M | $10.0M | ||
| Q2 25 | $-91.6M | $2.0M | ||
| Q1 25 | $-9.0M | $8.0M | ||
| Q4 24 | $-87.4M | $-52.0M | ||
| Q3 24 | $-98.7M | $-20.0M | ||
| Q2 24 | $-97.9M | $-17.0M | ||
| Q1 24 | $-86.3M | $-23.0M |
| Q4 25 | — | 72.8% | ||
| Q3 25 | — | 72.6% | ||
| Q2 25 | — | 74.7% | ||
| Q1 25 | — | 76.8% | ||
| Q4 24 | — | 75.8% | ||
| Q3 24 | — | 75.9% | ||
| Q2 24 | — | 77.3% | ||
| Q1 24 | — | 76.7% |
| Q4 25 | -12.6% | -1.7% | ||
| Q3 25 | -43.4% | -0.4% | ||
| Q2 25 | -24.5% | -1.7% | ||
| Q1 25 | -2.7% | -1.5% | ||
| Q4 24 | -26.1% | -12.5% | ||
| Q3 24 | -26.5% | -7.7% | ||
| Q2 24 | -23.0% | -6.6% | ||
| Q1 24 | -23.7% | -8.5% |
| Q4 25 | -5.6% | 0.5% | ||
| Q3 25 | -42.2% | 1.5% | ||
| Q2 25 | -23.9% | 0.3% | ||
| Q1 25 | -2.3% | 1.3% | ||
| Q4 24 | -23.0% | -9.4% | ||
| Q3 24 | -26.4% | -3.4% | ||
| Q2 24 | -26.3% | -3.0% | ||
| Q1 24 | -23.3% | -4.3% |
| Q4 25 | $-0.09 | $0.01 | ||
| Q3 25 | $-0.68 | $0.04 | ||
| Q2 25 | $-0.38 | $0.01 | ||
| Q1 25 | $-0.04 | $0.03 | ||
| Q4 24 | $-0.37 | $-0.23 | ||
| Q3 24 | $-0.41 | $-0.08 | ||
| Q2 24 | $-0.41 | $-0.07 | ||
| Q1 24 | $-0.36 | $-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 | $105.4M | $768.0M |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $1.7B | $4.9B |
| Total Assets | $4.4B | $5.7B |
| Debt / EquityLower = less leverage | 1.47× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.4M | $768.0M | ||
| Q3 25 | $201.4M | $874.0M | ||
| Q2 25 | $141.8M | $587.0M | ||
| Q1 25 | $302.6M | $914.0M | ||
| Q4 24 | $144.6M | $1.1B | ||
| Q3 24 | $256.5M | $1.1B | ||
| Q2 24 | $265.6M | $1.2B | ||
| Q1 24 | $207.1M | $1.4B |
| Q4 25 | $2.4B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $3.1B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.7B | $4.9B | ||
| Q3 25 | $1.7B | $5.0B | ||
| Q2 25 | $1.9B | $4.7B | ||
| Q1 25 | $1.9B | $4.8B | ||
| Q4 24 | $2.0B | $4.8B | ||
| Q3 24 | $2.0B | $4.7B | ||
| Q2 24 | $2.1B | $4.5B | ||
| Q1 24 | $2.2B | $4.7B |
| Q4 25 | $4.4B | $5.7B | ||
| Q3 25 | $4.7B | $5.7B | ||
| Q2 25 | $4.8B | $5.4B | ||
| Q1 25 | $5.0B | $5.7B | ||
| Q4 24 | $5.1B | $5.8B | ||
| Q3 24 | $5.3B | $6.2B | ||
| Q2 24 | $5.3B | $6.6B | ||
| Q1 24 | $5.3B | $6.8B |
| Q4 25 | 1.47× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.56× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $-19.6M | $72.0M |
| Free Cash FlowOCF − Capex | $-166.4M | $44.0M |
| FCF MarginFCF / Revenue | -43.8% | 6.7% |
| Capex IntensityCapex / Revenue | 38.7% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $-280.3M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-19.6M | $72.0M | ||
| Q3 25 | $-49.3M | $105.0M | ||
| Q2 25 | $53.0M | $87.0M | ||
| Q1 25 | $-3.2M | $104.0M | ||
| Q4 24 | $112.2M | $122.0M | ||
| Q3 24 | $21.1M | $171.0M | ||
| Q2 24 | $44.3M | $55.0M | ||
| Q1 24 | $28.6M | $80.0M |
| Q4 25 | $-166.4M | $44.0M | ||
| Q3 25 | $-89.8M | $73.0M | ||
| Q2 25 | $18.8M | $50.0M | ||
| Q1 25 | $-42.9M | $68.0M | ||
| Q4 24 | $-89.5M | $88.0M | ||
| Q3 24 | $-26.1M | $138.0M | ||
| Q2 24 | $3.3M | $18.0M | ||
| Q1 24 | $-18.1M | $41.0M |
| Q4 25 | -43.8% | 6.7% | ||
| Q3 25 | -23.1% | 10.8% | ||
| Q2 25 | 4.9% | 7.6% | ||
| Q1 25 | -11.1% | 11.4% | ||
| Q4 24 | -23.6% | 15.9% | ||
| Q3 24 | -7.0% | 23.8% | ||
| Q2 24 | 0.9% | 3.1% | ||
| Q1 24 | -4.9% | 7.8% |
| Q4 25 | 38.7% | 4.3% | ||
| Q3 25 | 10.4% | 4.7% | ||
| Q2 25 | 8.9% | 5.6% | ||
| Q1 25 | 10.2% | 6.0% | ||
| Q4 24 | 53.1% | 6.1% | ||
| Q3 24 | 12.6% | 5.7% | ||
| Q2 24 | 11.0% | 6.5% | ||
| Q1 24 | 12.6% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DHC
| Senior Housing Operating Portfolio Segment | $323.4M | 85% |
| Rental Income | $56.2M | 15% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
