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Side-by-side financial comparison of PROCORE TECHNOLOGIES, INC. (PCOR) 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 $349.1M, roughly 1.9× PROCORE TECHNOLOGIES, INC.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -10.8%, a 11.2% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 15.6%). PROCORE TECHNOLOGIES, INC. produced more free cash flow last quarter ($109.2M vs $44.0M). Over the past eight quarters, PROCORE TECHNOLOGIES, INC.'s revenue compounded faster (13.8% CAGR vs 11.2%).
Procore Technologies is an American construction management software as a service company founded in 2002, with headquarters in Carpinteria, California. Procore hosts a platform to connect those involved in the construction industry on a global platform. The software allows for the creation of simplified workflows and displays a consolidated view of construction products that includes the tracking of tasks, management of project workflows, and scheduling.
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.
PCOR vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $349.1M | $654.0M |
| Net Profit | $-37.6M | $3.0M |
| Gross Margin | 80.1% | 72.8% |
| Operating Margin | -12.3% | -1.7% |
| Net Margin | -10.8% | 0.5% |
| Revenue YoY | 15.6% | 18.1% |
| Net Profit YoY | 39.6% | 105.8% |
| EPS (diluted) | $-0.25 | $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 | $349.1M | $654.0M | ||
| Q3 25 | $338.9M | $676.0M | ||
| Q2 25 | $323.9M | $655.0M | ||
| Q1 25 | $310.6M | $598.0M | ||
| Q4 24 | $302.0M | $554.0M | ||
| Q3 24 | $295.9M | $581.0M | ||
| Q2 24 | $284.3M | $572.0M | ||
| Q1 24 | $269.4M | $529.0M |
| Q4 25 | $-37.6M | $3.0M | ||
| Q3 25 | $-9.1M | $10.0M | ||
| Q2 25 | $-21.1M | $2.0M | ||
| Q1 25 | $-33.0M | $8.0M | ||
| Q4 24 | $-62.3M | $-52.0M | ||
| Q3 24 | $-26.4M | $-20.0M | ||
| Q2 24 | $-6.3M | $-17.0M | ||
| Q1 24 | $-11.0M | $-23.0M |
| Q4 25 | 80.1% | 72.8% | ||
| Q3 25 | 79.7% | 72.6% | ||
| Q2 25 | 79.1% | 74.7% | ||
| Q1 25 | 79.1% | 76.8% | ||
| Q4 24 | 81.2% | 75.8% | ||
| Q3 24 | 81.4% | 75.9% | ||
| Q2 24 | 83.1% | 77.3% | ||
| Q1 24 | 83.0% | 76.7% |
| Q4 25 | -12.3% | -1.7% | ||
| Q3 25 | -4.4% | -0.4% | ||
| Q2 25 | -9.3% | -1.7% | ||
| Q1 25 | -11.7% | -1.5% | ||
| Q4 24 | -21.9% | -12.5% | ||
| Q3 24 | -12.3% | -7.7% | ||
| Q2 24 | -5.2% | -6.6% | ||
| Q1 24 | -7.0% | -8.5% |
| Q4 25 | -10.8% | 0.5% | ||
| Q3 25 | -2.7% | 1.5% | ||
| Q2 25 | -6.5% | 0.3% | ||
| Q1 25 | -10.6% | 1.3% | ||
| Q4 24 | -20.6% | -9.4% | ||
| Q3 24 | -8.9% | -3.4% | ||
| Q2 24 | -2.2% | -3.0% | ||
| Q1 24 | -4.1% | -4.3% |
| Q4 25 | $-0.25 | $0.01 | ||
| Q3 25 | $-0.06 | $0.04 | ||
| Q2 25 | $-0.14 | $0.01 | ||
| Q1 25 | $-0.22 | $0.03 | ||
| Q4 24 | $-0.42 | $-0.23 | ||
| Q3 24 | $-0.18 | $-0.08 | ||
| Q2 24 | $-0.04 | $-0.07 | ||
| Q1 24 | $-0.08 | $-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 | $768.5M | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.3B | $4.9B |
| Total Assets | $2.2B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $768.5M | $768.0M | ||
| Q3 25 | $684.0M | $874.0M | ||
| Q2 25 | $620.9M | $587.0M | ||
| Q1 25 | $566.7M | $914.0M | ||
| Q4 24 | $775.4M | $1.1B | ||
| Q3 24 | $756.9M | $1.1B | ||
| Q2 24 | $735.4M | $1.2B | ||
| Q1 24 | $744.6M | $1.4B |
| Q4 25 | $1.3B | $4.9B | ||
| Q3 25 | $1.2B | $5.0B | ||
| Q2 25 | $1.2B | $4.7B | ||
| Q1 25 | $1.2B | $4.8B | ||
| Q4 24 | $1.3B | $4.8B | ||
| Q3 24 | $1.3B | $4.7B | ||
| Q2 24 | $1.3B | $4.5B | ||
| Q1 24 | $1.2B | $4.7B |
| Q4 25 | $2.2B | $5.7B | ||
| Q3 25 | $2.1B | $5.7B | ||
| Q2 25 | $2.0B | $5.4B | ||
| Q1 25 | $1.9B | $5.7B | ||
| Q4 24 | $2.1B | $5.8B | ||
| Q3 24 | $2.0B | $6.2B | ||
| Q2 24 | $2.0B | $6.6B | ||
| Q1 24 | $1.9B | $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 | $114.9M | $72.0M |
| Free Cash FlowOCF − Capex | $109.2M | $44.0M |
| FCF MarginFCF / Revenue | 31.3% | 6.7% |
| Capex IntensityCapex / Revenue | 1.6% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $282.2M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.9M | $72.0M | ||
| Q3 25 | $88.5M | $105.0M | ||
| Q2 25 | $30.8M | $87.0M | ||
| Q1 25 | $66.0M | $104.0M | ||
| Q4 24 | $29.1M | $122.0M | ||
| Q3 24 | $39.3M | $171.0M | ||
| Q2 24 | $58.7M | $55.0M | ||
| Q1 24 | $69.1M | $80.0M |
| Q4 25 | $109.2M | $44.0M | ||
| Q3 25 | $83.1M | $73.0M | ||
| Q2 25 | $27.9M | $50.0M | ||
| Q1 25 | $62.0M | $68.0M | ||
| Q4 24 | $17.4M | $88.0M | ||
| Q3 24 | $35.7M | $138.0M | ||
| Q2 24 | $56.8M | $18.0M | ||
| Q1 24 | $67.1M | $41.0M |
| Q4 25 | 31.3% | 6.7% | ||
| Q3 25 | 24.5% | 10.8% | ||
| Q2 25 | 8.6% | 7.6% | ||
| Q1 25 | 20.0% | 11.4% | ||
| Q4 24 | 5.8% | 15.9% | ||
| Q3 24 | 12.1% | 23.8% | ||
| Q2 24 | 20.0% | 3.1% | ||
| Q1 24 | 24.9% | 7.8% |
| Q4 25 | 1.6% | 4.3% | ||
| Q3 25 | 1.6% | 4.7% | ||
| Q2 25 | 0.9% | 5.6% | ||
| Q1 25 | 1.3% | 6.0% | ||
| Q4 24 | 3.9% | 6.1% | ||
| Q3 24 | 1.2% | 5.7% | ||
| Q2 24 | 0.7% | 6.5% | ||
| Q1 24 | 0.8% | 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
PCOR
| US | $298.3M | 85% |
| Non Us | $50.9M | 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% |
