vs
Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) 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 $629.0M, roughly 1.0× Park Hotels & Resorts Inc.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -32.6%, a 33.1% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 0.6%). ZILLOW GROUP, INC. produced more free cash flow last quarter ($44.0M vs $-3.0M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% CAGR vs -0.8%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
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.
PK vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $629.0M | $654.0M |
| Net Profit | $-205.0M | $3.0M |
| Gross Margin | — | 72.8% |
| Operating Margin | -26.1% | -1.7% |
| Net Margin | -32.6% | 0.5% |
| Revenue YoY | 0.6% | 18.1% |
| Net Profit YoY | -410.6% | 105.8% |
| EPS (diluted) | $-1.04 | $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 | $629.0M | $654.0M | ||
| Q3 25 | $610.0M | $676.0M | ||
| Q2 25 | $672.0M | $655.0M | ||
| Q1 25 | $630.0M | $598.0M | ||
| Q4 24 | $625.0M | $554.0M | ||
| Q3 24 | $649.0M | $581.0M | ||
| Q2 24 | $686.0M | $572.0M | ||
| Q1 24 | $639.0M | $529.0M |
| Q4 25 | $-205.0M | $3.0M | ||
| Q3 25 | $-16.0M | $10.0M | ||
| Q2 25 | $-5.0M | $2.0M | ||
| Q1 25 | $-57.0M | $8.0M | ||
| Q4 24 | $66.0M | $-52.0M | ||
| Q3 24 | $54.0M | $-20.0M | ||
| Q2 24 | $64.0M | $-17.0M | ||
| Q1 24 | $28.0M | $-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 | -26.1% | -1.7% | ||
| Q3 25 | 9.7% | -0.4% | ||
| Q2 25 | 9.7% | -1.7% | ||
| Q1 25 | 1.1% | -1.5% | ||
| Q4 24 | 13.3% | -12.5% | ||
| Q3 24 | 14.6% | -7.7% | ||
| Q2 24 | 17.6% | -6.6% | ||
| Q1 24 | 14.4% | -8.5% |
| Q4 25 | -32.6% | 0.5% | ||
| Q3 25 | -2.6% | 1.5% | ||
| Q2 25 | -0.7% | 0.3% | ||
| Q1 25 | -9.0% | 1.3% | ||
| Q4 24 | 10.6% | -9.4% | ||
| Q3 24 | 8.3% | -3.4% | ||
| Q2 24 | 9.3% | -3.0% | ||
| Q1 24 | 4.4% | -4.3% |
| Q4 25 | $-1.04 | $0.01 | ||
| Q3 25 | $-0.08 | $0.04 | ||
| Q2 25 | $-0.02 | $0.01 | ||
| Q1 25 | $-0.29 | $0.03 | ||
| Q4 24 | $0.32 | $-0.23 | ||
| Q3 24 | $0.26 | $-0.08 | ||
| Q2 24 | $0.30 | $-0.07 | ||
| Q1 24 | $0.13 | $-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 | $232.0M | $768.0M |
| Total DebtLower is stronger | $3.9B | — |
| Stockholders' EquityBook value | $3.1B | $4.9B |
| Total Assets | $7.7B | $5.7B |
| Debt / EquityLower = less leverage | 1.23× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $232.0M | $768.0M | ||
| Q3 25 | $278.0M | $874.0M | ||
| Q2 25 | $319.0M | $587.0M | ||
| Q1 25 | $233.0M | $914.0M | ||
| Q4 24 | $402.0M | $1.1B | ||
| Q3 24 | $480.0M | $1.1B | ||
| Q2 24 | $449.0M | $1.2B | ||
| Q1 24 | $378.0M | $1.4B |
| Q4 25 | $3.9B | — | ||
| Q3 25 | $3.9B | — | ||
| Q2 25 | $3.9B | — | ||
| Q1 25 | $3.9B | — | ||
| Q4 24 | $3.9B | — | ||
| Q3 24 | $3.9B | — | ||
| Q2 24 | $3.9B | — | ||
| Q1 24 | $3.8B | — |
| Q4 25 | $3.1B | $4.9B | ||
| Q3 25 | $3.4B | $5.0B | ||
| Q2 25 | $3.4B | $4.7B | ||
| Q1 25 | $3.5B | $4.8B | ||
| Q4 24 | $3.6B | $4.8B | ||
| Q3 24 | $3.8B | $4.7B | ||
| Q2 24 | $3.8B | $4.5B | ||
| Q1 24 | $3.8B | $4.7B |
| Q4 25 | $7.7B | $5.7B | ||
| Q3 25 | $8.8B | $5.7B | ||
| Q2 25 | $8.9B | $5.4B | ||
| Q1 25 | $8.9B | $5.7B | ||
| Q4 24 | $9.2B | $5.8B | ||
| Q3 24 | $9.2B | $6.2B | ||
| Q2 24 | $9.2B | $6.6B | ||
| Q1 24 | $9.1B | $6.8B |
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | — | ||
| Q1 25 | 1.11× | — | ||
| Q4 24 | 1.06× | — | ||
| Q3 24 | 1.03× | — | ||
| Q2 24 | 1.03× | — | ||
| Q1 24 | 1.00× | — |
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 | $105.0M | $72.0M |
| Free Cash FlowOCF − Capex | $-3.0M | $44.0M |
| FCF MarginFCF / Revenue | -0.5% | 6.7% |
| Capex IntensityCapex / Revenue | 17.2% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $102.0M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $105.0M | $72.0M | ||
| Q3 25 | $99.0M | $105.0M | ||
| Q2 25 | $108.0M | $87.0M | ||
| Q1 25 | $86.0M | $104.0M | ||
| Q4 24 | $80.0M | $122.0M | ||
| Q3 24 | $140.0M | $171.0M | ||
| Q2 24 | $117.0M | $55.0M | ||
| Q1 24 | $92.0M | $80.0M |
| Q4 25 | $-3.0M | $44.0M | ||
| Q3 25 | $31.0M | $73.0M | ||
| Q2 25 | $65.0M | $50.0M | ||
| Q1 25 | $9.0M | $68.0M | ||
| Q4 24 | $17.0M | $88.0M | ||
| Q3 24 | $97.0M | $138.0M | ||
| Q2 24 | $66.0M | $18.0M | ||
| Q1 24 | $22.0M | $41.0M |
| Q4 25 | -0.5% | 6.7% | ||
| Q3 25 | 5.1% | 10.8% | ||
| Q2 25 | 9.7% | 7.6% | ||
| Q1 25 | 1.4% | 11.4% | ||
| Q4 24 | 2.7% | 15.9% | ||
| Q3 24 | 14.9% | 23.8% | ||
| Q2 24 | 9.6% | 3.1% | ||
| Q1 24 | 3.4% | 7.8% |
| Q4 25 | 17.2% | 4.3% | ||
| Q3 25 | 11.1% | 4.7% | ||
| Q2 25 | 6.4% | 5.6% | ||
| Q1 25 | 12.2% | 6.0% | ||
| Q4 24 | 10.1% | 6.1% | ||
| Q3 24 | 6.6% | 5.7% | ||
| Q2 24 | 7.4% | 6.5% | ||
| Q1 24 | 11.0% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | — | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 2.59× | — | ||
| Q2 24 | 1.83× | — | ||
| Q1 24 | 3.29× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Occupancy | $371.0M | 59% |
| Food And Beverage | $173.0M | 28% |
| Ancillary Hotel | $61.0M | 10% |
| Hotel Other | $24.0M | 4% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
