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Side-by-side financial comparison of FLAGSTAR BANK, NATIONAL ASSOCIATION (FLG) and ZIFF DAVIS, INC. (ZD). Click either name above to swap in a different company.

FLAGSTAR BANK, NATIONAL ASSOCIATION is the larger business by last-quarter revenue ($498.0M vs $406.7M, roughly 1.2× ZIFF DAVIS, INC.). FLAGSTAR BANK, NATIONAL ASSOCIATION runs the higher net margin — 4.2% vs 0.1%, a 4.1% gap on every dollar of revenue. On growth, FLAGSTAR BANK, NATIONAL ASSOCIATION posted the faster year-over-year revenue change (1.6% vs -1.5%). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% CAGR vs -18.0%).

Flagstar Bank was an American commercial bank headquartered in Troy, Michigan. The bank was founded in 1987 and operated as a consumer and commercial bank, mortgage lender, and offered financial services. Flagstar Bancorp, Inc. was acquired by New York Community Bancorp, Inc. on December 1, 2022. New York Community Bancorp subsequently rebranded all of its branches under the Flagstar name and changed its name to Flagstar Financial in 2024. In a corporate restructuring in 2025 Flagstar Financi...

Ziff Davis, Inc. is an American digital media and Internet company. Founded in 1927 by William Bernard Ziff Sr. and Bernard George Davis, the company primarily owns technology- and health-oriented media websites, online shopping-related services, Internet connectivity services, gaming and entertainment brands, and cybersecurity and martech tools. Previously, the company was predominantly a publisher of hobbyist magazines.

FLG vs ZD — Head-to-Head

Bigger by revenue
FLG
FLG
1.2× larger
FLG
$498.0M
$406.7M
ZD
Growing faster (revenue YoY)
FLG
FLG
+3.1% gap
FLG
1.6%
-1.5%
ZD
Higher net margin
FLG
FLG
4.1% more per $
FLG
4.2%
0.1%
ZD
Faster 2-yr revenue CAGR
ZD
ZD
Annualised
ZD
13.7%
-18.0%
FLG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
FLG
FLG
ZD
ZD
Revenue
$498.0M
$406.7M
Net Profit
$21.0M
$370.0K
Gross Margin
85.9%
Operating Margin
11.4%
21.2%
Net Margin
4.2%
0.1%
Revenue YoY
1.6%
-1.5%
Net Profit YoY
-38.1%
-99.4%
EPS (diluted)
$0.03
$0.06

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.

Revenue
FLG
FLG
ZD
ZD
Q1 26
$498.0M
Q4 25
$406.7M
Q3 25
$425.0M
$363.7M
Q2 25
$419.0M
$352.2M
Q1 25
$328.6M
Q4 24
$461.0M
$412.8M
Q3 24
$510.0M
$353.6M
Q2 24
$557.0M
$320.8M
Net Profit
FLG
FLG
ZD
ZD
Q1 26
$21.0M
Q4 25
$370.0K
Q3 25
$-36.0M
$-3.6M
Q2 25
$-70.0M
$26.3M
Q1 25
$24.2M
Q4 24
$-188.0M
$64.1M
Q3 24
$-280.0M
$-48.6M
Q2 24
$-323.0M
$36.9M
Gross Margin
FLG
FLG
ZD
ZD
Q1 26
Q4 25
85.9%
Q3 25
85.4%
Q2 25
86.1%
Q1 25
85.6%
Q4 24
87.1%
Q3 24
85.5%
Q2 24
84.4%
Operating Margin
FLG
FLG
ZD
ZD
Q1 26
11.4%
Q4 25
21.2%
Q3 25
-9.6%
7.8%
Q2 25
-19.3%
9.5%
Q1 25
10.7%
Q4 24
-51.6%
19.0%
Q3 24
-65.7%
-8.3%
Q2 24
-76.1%
8.9%
Net Margin
FLG
FLG
ZD
ZD
Q1 26
4.2%
Q4 25
0.1%
Q3 25
-8.5%
-1.0%
Q2 25
-16.7%
7.5%
Q1 25
7.4%
Q4 24
-40.8%
15.5%
Q3 24
-54.9%
-13.7%
Q2 24
-58.0%
11.5%
EPS (diluted)
FLG
FLG
ZD
ZD
Q1 26
$0.03
Q4 25
$0.06
Q3 25
$-0.11
$-0.09
Q2 25
$-0.19
$0.62
Q1 25
$0.56
Q4 24
$-1.11
$1.53
Q3 24
$-0.79
$-1.11
Q2 24
$-1.14
$0.77

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FLG
FLG
ZD
ZD
Cash + ST InvestmentsLiquidity on hand
$607.0M
Total DebtLower is stronger
$866.5M
Stockholders' EquityBook value
$8.1B
$1.8B
Total Assets
$87.1B
$3.7B
Debt / EquityLower = less leverage
0.49×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FLG
FLG
ZD
ZD
Q1 26
Q4 25
$607.0M
Q3 25
$23.6B
$503.4M
Q2 25
$22.9B
$457.3M
Q1 25
$431.0M
Q4 24
$25.8B
$505.9M
Q3 24
$33.6B
$386.1M
Q2 24
$29.5B
$687.2M
Total Debt
FLG
FLG
ZD
ZD
Q1 26
Q4 25
$866.5M
Q3 25
$13.2B
Q2 25
$13.2B
Q1 25
Q4 24
$14.4B
$864.3M
Q3 24
$20.3B
Q2 24
$28.9B
Stockholders' Equity
FLG
FLG
ZD
ZD
Q1 26
$8.1B
Q4 25
$1.8B
Q3 25
$8.1B
$1.8B
Q2 25
$8.1B
$1.8B
Q1 25
$1.8B
Q4 24
$8.2B
$1.8B
Q3 24
$8.6B
$1.8B
Q2 24
$8.4B
$1.9B
Total Assets
FLG
FLG
ZD
ZD
Q1 26
$87.1B
Q4 25
$3.7B
Q3 25
$91.7B
$3.5B
Q2 25
$92.2B
$3.5B
Q1 25
$3.5B
Q4 24
$100.2B
$3.7B
Q3 24
$114.4B
$3.4B
Q2 24
$119.1B
$3.7B
Debt / Equity
FLG
FLG
ZD
ZD
Q1 26
Q4 25
0.49×
Q3 25
1.63×
Q2 25
1.63×
Q1 25
Q4 24
1.77×
0.48×
Q3 24
2.37×
Q2 24
3.44×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FLG
FLG
ZD
ZD
Operating Cash FlowLast quarter
$191.1M
Free Cash FlowOCF − Capex
$157.8M
FCF MarginFCF / Revenue
38.8%
Capex IntensityCapex / Revenue
8.2%
Cash ConversionOCF / Net Profit
516.44×
TTM Free Cash FlowTrailing 4 quarters
$287.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FLG
FLG
ZD
ZD
Q1 26
Q4 25
$191.1M
Q3 25
$243.0M
$138.3M
Q2 25
$57.1M
Q1 25
$20.6M
Q4 24
$623.0M
$158.2M
Q3 24
$-1.0B
$106.0M
Q2 24
$796.0M
$50.6M
Free Cash Flow
FLG
FLG
ZD
ZD
Q1 26
Q4 25
$157.8M
Q3 25
$108.2M
Q2 25
$26.9M
Q1 25
$-5.0M
Q4 24
$131.1M
Q3 24
$80.1M
Q2 24
$25.1M
FCF Margin
FLG
FLG
ZD
ZD
Q1 26
Q4 25
38.8%
Q3 25
29.7%
Q2 25
7.6%
Q1 25
-1.5%
Q4 24
31.8%
Q3 24
22.7%
Q2 24
7.8%
Capex Intensity
FLG
FLG
ZD
ZD
Q1 26
Q4 25
8.2%
Q3 25
8.3%
Q2 25
8.6%
Q1 25
7.8%
Q4 24
6.6%
Q3 24
7.3%
Q2 24
8.0%
Cash Conversion
FLG
FLG
ZD
ZD
Q1 26
Q4 25
516.44×
Q3 25
Q2 25
2.17×
Q1 25
0.85×
Q4 24
2.47×
Q3 24
Q2 24
1.37×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FLG
FLG

Segment breakdown not available.

ZD
ZD

Health And Wellness$114.8M28%
Technology And Shopping$108.9M27%
Cybersecurity And Martech Segment$70.9M17%
Connectivity$60.3M15%
Gaming And Entertainment$51.7M13%
Subscription And Licensing$2.9M1%

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