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Side-by-side financial comparison of RH (RH) and ZILLOW GROUP, INC. (ZG). Click either name above to swap in a different company.
RH is the larger business by last-quarter revenue ($883.8M vs $654.0M, roughly 1.4× ZILLOW GROUP, INC.). RH runs the higher net margin — 4.1% vs 0.5%, a 3.6% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs 8.9%). RH produced more free cash flow last quarter ($83.0M vs $44.0M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% CAGR vs 9.4%).
RH is an upscale American home-furnishings company headquartered in Corte Madera, California. The company sells its merchandise through its retail stores, catalog, and online. As of August 2018, the company operated a total of 70 galleries, 18 full-line design galleries, and 3 baby-and-child galleries. The company also has 36 outlet stores in the United States and Canada.
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.
RH vs ZG — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $883.8M | $654.0M |
| Net Profit | $36.3M | $3.0M |
| Gross Margin | 44.1% | 72.8% |
| Operating Margin | 12.0% | -1.7% |
| Net Margin | 4.1% | 0.5% |
| Revenue YoY | 8.9% | 18.1% |
| Net Profit YoY | 9.3% | 105.8% |
| EPS (diluted) | $1.83 | $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 | $883.8M | $654.0M | ||
| Q3 25 | $899.2M | $676.0M | ||
| Q2 25 | $814.0M | $655.0M | ||
| Q1 25 | $812.4M | $598.0M | ||
| Q4 24 | $811.7M | $554.0M | ||
| Q3 24 | $829.7M | $581.0M | ||
| Q2 24 | $727.0M | $572.0M | ||
| Q1 24 | $738.3M | $529.0M |
| Q4 25 | $36.3M | $3.0M | ||
| Q3 25 | $51.7M | $10.0M | ||
| Q2 25 | $8.0M | $2.0M | ||
| Q1 25 | $13.9M | $8.0M | ||
| Q4 24 | $33.2M | $-52.0M | ||
| Q3 24 | $29.0M | $-20.0M | ||
| Q2 24 | $-3.6M | $-17.0M | ||
| Q1 24 | $11.4M | $-23.0M |
| Q4 25 | 44.1% | 72.8% | ||
| Q3 25 | 45.5% | 72.6% | ||
| Q2 25 | 43.7% | 74.7% | ||
| Q1 25 | 44.7% | 76.8% | ||
| Q4 24 | 44.5% | 75.8% | ||
| Q3 24 | 45.2% | 75.9% | ||
| Q2 24 | 43.5% | 77.3% | ||
| Q1 24 | 43.5% | 76.7% |
| Q4 25 | 12.0% | -1.7% | ||
| Q3 25 | 14.3% | -0.4% | ||
| Q2 25 | 6.9% | -1.7% | ||
| Q1 25 | 8.7% | -1.5% | ||
| Q4 24 | 12.5% | -12.5% | ||
| Q3 24 | 11.6% | -7.7% | ||
| Q2 24 | 7.5% | -6.6% | ||
| Q1 24 | 8.7% | -8.5% |
| Q4 25 | 4.1% | 0.5% | ||
| Q3 25 | 5.8% | 1.5% | ||
| Q2 25 | 1.0% | 0.3% | ||
| Q1 25 | 1.7% | 1.3% | ||
| Q4 24 | 4.1% | -9.4% | ||
| Q3 24 | 3.5% | -3.4% | ||
| Q2 24 | -0.5% | -3.0% | ||
| Q1 24 | 1.5% | -4.3% |
| Q4 25 | $1.83 | $0.01 | ||
| Q3 25 | $2.62 | $0.04 | ||
| Q2 25 | $0.40 | $0.01 | ||
| Q1 25 | $0.71 | $0.03 | ||
| Q4 24 | $1.66 | $-0.23 | ||
| Q3 24 | $1.45 | $-0.08 | ||
| Q2 24 | $-0.20 | $-0.07 | ||
| Q1 24 | $0.91 | $-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 | $43.1M | $768.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3M | $4.9B |
| Total Assets | $4.8B | $5.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $43.1M | $768.0M | ||
| Q3 25 | $34.6M | $874.0M | ||
| Q2 25 | $46.1M | $587.0M | ||
| Q1 25 | $30.4M | $914.0M | ||
| Q4 24 | $87.0M | $1.1B | ||
| Q3 24 | $78.3M | $1.1B | ||
| Q2 24 | $101.8M | $1.2B | ||
| Q1 24 | $123.7M | $1.4B |
| Q4 25 | $3.3M | $4.9B | ||
| Q3 25 | $-40.9M | $5.0B | ||
| Q2 25 | $-110.8M | $4.7B | ||
| Q1 25 | $-163.6M | $4.8B | ||
| Q4 24 | $-183.0M | $4.8B | ||
| Q3 24 | $-234.7M | $4.7B | ||
| Q2 24 | $-289.9M | $4.5B | ||
| Q1 24 | $-297.4M | $4.7B |
| Q4 25 | $4.8B | $5.7B | ||
| Q3 25 | $4.7B | $5.7B | ||
| Q2 25 | $4.7B | $5.4B | ||
| Q1 25 | $4.6B | $5.7B | ||
| Q4 24 | $4.5B | $5.8B | ||
| Q3 24 | $4.4B | $6.2B | ||
| Q2 24 | $4.2B | $6.6B | ||
| Q1 24 | $4.1B | $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 | $131.9M | $72.0M |
| Free Cash FlowOCF − Capex | $83.0M | $44.0M |
| FCF MarginFCF / Revenue | 9.4% | 6.7% |
| Capex IntensityCapex / Revenue | 5.5% | 4.3% |
| Cash ConversionOCF / Net Profit | 3.64× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $128.1M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $131.9M | $72.0M | ||
| Q3 25 | $137.7M | $105.0M | ||
| Q2 25 | $86.6M | $87.0M | ||
| Q1 25 | $-18.8M | $104.0M | ||
| Q4 24 | $-31.4M | $122.0M | ||
| Q3 24 | $11.2M | $171.0M | ||
| Q2 24 | $56.1M | $55.0M | ||
| Q1 24 | $-114.0M | $80.0M |
| Q4 25 | $83.0M | $44.0M | ||
| Q3 25 | $80.7M | $73.0M | ||
| Q2 25 | $34.1M | $50.0M | ||
| Q1 25 | $-69.7M | $68.0M | ||
| Q4 24 | $-96.0M | $88.0M | ||
| Q3 24 | $-37.9M | $138.0M | ||
| Q2 24 | $-10.1M | $18.0M | ||
| Q1 24 | $-251.5M | $41.0M |
| Q4 25 | 9.4% | 6.7% | ||
| Q3 25 | 9.0% | 10.8% | ||
| Q2 25 | 4.2% | 7.6% | ||
| Q1 25 | -8.6% | 11.4% | ||
| Q4 24 | -11.8% | 15.9% | ||
| Q3 24 | -4.6% | 23.8% | ||
| Q2 24 | -1.4% | 3.1% | ||
| Q1 24 | -34.1% | 7.8% |
| Q4 25 | 5.5% | 4.3% | ||
| Q3 25 | 6.3% | 4.7% | ||
| Q2 25 | 6.5% | 5.6% | ||
| Q1 25 | 6.3% | 6.0% | ||
| Q4 24 | 8.0% | 6.1% | ||
| Q3 24 | 5.9% | 5.7% | ||
| Q2 24 | 9.1% | 6.5% | ||
| Q1 24 | 18.6% | 7.4% |
| Q4 25 | 3.64× | 24.00× | ||
| Q3 25 | 2.66× | 10.50× | ||
| Q2 25 | 10.78× | 43.50× | ||
| Q1 25 | -1.35× | 13.00× | ||
| Q4 24 | -0.95× | — | ||
| Q3 24 | 0.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | -10.01× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RH
| RH Segment | $835.8M | 95% |
| Waterworks Segment | $48.0M | 5% |
| Gift Card And Merchandise Credit | $4.5M | 1% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
