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Side-by-side financial comparison of TripAdvisor, Inc. (TRIP) 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 $411.0M, roughly 1.6× TripAdvisor, Inc.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs -9.2%, a 9.7% 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 $-122.0M). Over the past eight quarters, ZILLOW GROUP, INC.'s revenue compounded faster (11.2% CAGR vs 2.0%).
Tripadvisor is an American company that operates online travel agencies, comparison shopping websites, and mobile apps with user-generated content.
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.
TRIP vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $411.0M | $654.0M |
| Net Profit | $-38.0M | $3.0M |
| Gross Margin | 91.5% | 72.8% |
| Operating Margin | -8.3% | -1.7% |
| Net Margin | -9.2% | 0.5% |
| Revenue YoY | 0.0% | 18.1% |
| Net Profit YoY | -3900.0% | 105.8% |
| EPS (diluted) | $-0.32 | $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 | $411.0M | $654.0M | ||
| Q3 25 | $553.0M | $676.0M | ||
| Q2 25 | $529.0M | $655.0M | ||
| Q1 25 | $398.0M | $598.0M | ||
| Q4 24 | $411.0M | $554.0M | ||
| Q3 24 | $532.0M | $581.0M | ||
| Q2 24 | $497.0M | $572.0M | ||
| Q1 24 | $395.0M | $529.0M |
| Q4 25 | $-38.0M | $3.0M | ||
| Q3 25 | $53.0M | $10.0M | ||
| Q2 25 | $36.0M | $2.0M | ||
| Q1 25 | $-11.0M | $8.0M | ||
| Q4 24 | $1.0M | $-52.0M | ||
| Q3 24 | $39.0M | $-20.0M | ||
| Q2 24 | $24.0M | $-17.0M | ||
| Q1 24 | $-59.0M | $-23.0M |
| Q4 25 | 91.5% | 72.8% | ||
| Q3 25 | 92.6% | 72.6% | ||
| Q2 25 | 92.1% | 74.7% | ||
| Q1 25 | 93.2% | 76.8% | ||
| Q4 24 | 93.4% | 75.8% | ||
| Q3 24 | 92.5% | 75.9% | ||
| Q2 24 | 92.8% | 77.3% | ||
| Q1 24 | 93.7% | 76.7% |
| Q4 25 | -8.3% | -1.7% | ||
| Q3 25 | 12.7% | -0.4% | ||
| Q2 25 | 11.2% | -1.7% | ||
| Q1 25 | -3.8% | -1.5% | ||
| Q4 24 | 0.2% | -12.5% | ||
| Q3 24 | 13.2% | -7.7% | ||
| Q2 24 | 7.2% | -6.6% | ||
| Q1 24 | -3.8% | -8.5% |
| Q4 25 | -9.2% | 0.5% | ||
| Q3 25 | 9.6% | 1.5% | ||
| Q2 25 | 6.8% | 0.3% | ||
| Q1 25 | -2.8% | 1.3% | ||
| Q4 24 | 0.2% | -9.4% | ||
| Q3 24 | 7.3% | -3.4% | ||
| Q2 24 | 4.8% | -3.0% | ||
| Q1 24 | -14.9% | -4.3% |
| Q4 25 | $-0.32 | $0.01 | ||
| Q3 25 | $0.43 | $0.04 | ||
| Q2 25 | $0.28 | $0.01 | ||
| Q1 25 | $-0.08 | $0.03 | ||
| Q4 24 | $0.03 | $-0.23 | ||
| Q3 24 | $0.27 | $-0.08 | ||
| Q2 24 | $0.17 | $-0.07 | ||
| Q1 24 | $-0.43 | $-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 | $1.0B | $768.0M |
| Total DebtLower is stronger | $819.0M | — |
| Stockholders' EquityBook value | $645.0M | $4.9B |
| Total Assets | $2.6B | $5.7B |
| Debt / EquityLower = less leverage | 1.27× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.0B | $768.0M | ||
| Q3 25 | $1.2B | $874.0M | ||
| Q2 25 | $1.2B | $587.0M | ||
| Q1 25 | $1.2B | $914.0M | ||
| Q4 24 | $1.1B | $1.1B | ||
| Q3 24 | $1.1B | $1.1B | ||
| Q2 24 | $1.2B | $1.2B | ||
| Q1 24 | $1.2B | $1.4B |
| Q4 25 | $819.0M | — | ||
| Q3 25 | $821.0M | — | ||
| Q2 25 | $822.0M | — | ||
| Q1 25 | $1.2B | — | ||
| Q4 24 | $831.0M | — | ||
| Q3 24 | $832.0M | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $645.0M | $4.9B | ||
| Q3 25 | $707.0M | $5.0B | ||
| Q2 25 | $627.0M | $4.7B | ||
| Q1 25 | $643.0M | $4.8B | ||
| Q4 24 | $943.0M | $4.8B | ||
| Q3 24 | $944.0M | $4.7B | ||
| Q2 24 | $857.0M | $4.5B | ||
| Q1 24 | $825.0M | $4.7B |
| Q4 25 | $2.6B | $5.7B | ||
| Q3 25 | $2.8B | $5.7B | ||
| Q2 25 | $2.9B | $5.4B | ||
| Q1 25 | $2.8B | $5.7B | ||
| Q4 24 | $2.6B | $5.8B | ||
| Q3 24 | $2.7B | $6.2B | ||
| Q2 24 | $2.8B | $6.6B | ||
| Q1 24 | $2.7B | $6.8B |
| Q4 25 | 1.27× | — | ||
| Q3 25 | 1.16× | — | ||
| Q2 25 | 1.31× | — | ||
| Q1 25 | 1.81× | — | ||
| Q4 24 | 0.88× | — | ||
| Q3 24 | 0.88× | — | ||
| 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 | $-103.0M | $72.0M |
| Free Cash FlowOCF − Capex | $-122.0M | $44.0M |
| FCF MarginFCF / Revenue | -29.7% | 6.7% |
| Capex IntensityCapex / Revenue | 4.6% | 4.3% |
| Cash ConversionOCF / Net Profit | — | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $163.0M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-103.0M | $72.0M | ||
| Q3 25 | $44.0M | $105.0M | ||
| Q2 25 | $202.0M | $87.0M | ||
| Q1 25 | $102.0M | $104.0M | ||
| Q4 24 | $-3.0M | $122.0M | ||
| Q3 24 | $-43.0M | $171.0M | ||
| Q2 24 | $51.0M | $55.0M | ||
| Q1 24 | $139.0M | $80.0M |
| Q4 25 | $-122.0M | $44.0M | ||
| Q3 25 | $25.0M | $73.0M | ||
| Q2 25 | $177.0M | $50.0M | ||
| Q1 25 | $83.0M | $68.0M | ||
| Q4 24 | $-26.0M | $88.0M | ||
| Q3 24 | $-63.0M | $138.0M | ||
| Q2 24 | $36.0M | $18.0M | ||
| Q1 24 | $123.0M | $41.0M |
| Q4 25 | -29.7% | 6.7% | ||
| Q3 25 | 4.5% | 10.8% | ||
| Q2 25 | 33.5% | 7.6% | ||
| Q1 25 | 20.9% | 11.4% | ||
| Q4 24 | -6.3% | 15.9% | ||
| Q3 24 | -11.8% | 23.8% | ||
| Q2 24 | 7.2% | 3.1% | ||
| Q1 24 | 31.1% | 7.8% |
| Q4 25 | 4.6% | 4.3% | ||
| Q3 25 | 3.4% | 4.7% | ||
| Q2 25 | 4.7% | 5.6% | ||
| Q1 25 | 4.8% | 6.0% | ||
| Q4 24 | 5.6% | 6.1% | ||
| Q3 24 | 3.8% | 5.7% | ||
| Q2 24 | 3.0% | 6.5% | ||
| Q1 24 | 4.1% | 7.4% |
| Q4 25 | — | 24.00× | ||
| Q3 25 | 0.83× | 10.50× | ||
| Q2 25 | 5.61× | 43.50× | ||
| Q1 25 | — | 13.00× | ||
| Q4 24 | -3.00× | — | ||
| Q3 24 | -1.10× | — | ||
| Q2 24 | 2.13× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TRIP
| Third Party | $327.0M | 80% |
| The Fork | $58.0M | 14% |
| Other | $26.0M | 6% |
ZG
| Residential Revenue | $418.0M | 64% |
| Rental Revenue | $168.0M | 26% |
| Mortgage Revenue | $57.0M | 9% |
| Display Advertising And Other Revenue | $11.0M | 2% |
