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Side-by-side financial comparison of ZIFF DAVIS, INC. (ZD) 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 $406.7M, roughly 1.6× ZIFF DAVIS, INC.). ZILLOW GROUP, INC. runs the higher net margin — 0.5% vs 0.1%, a 0.4% gap on every dollar of revenue. On growth, ZILLOW GROUP, INC. posted the faster year-over-year revenue change (18.1% vs -1.5%). ZIFF DAVIS, INC. produced more free cash flow last quarter ($157.8M vs $44.0M). Over the past eight quarters, ZIFF DAVIS, INC.'s revenue compounded faster (13.7% CAGR vs 11.2%).
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.
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.
ZD vs ZG — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $406.7M | $654.0M |
| Net Profit | $370.0K | $3.0M |
| Gross Margin | 85.9% | 72.8% |
| Operating Margin | 21.2% | -1.7% |
| Net Margin | 0.1% | 0.5% |
| Revenue YoY | -1.5% | 18.1% |
| Net Profit YoY | -99.4% | 105.8% |
| EPS (diluted) | $0.06 | $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 | $406.7M | $654.0M | ||
| Q3 25 | $363.7M | $676.0M | ||
| Q2 25 | $352.2M | $655.0M | ||
| Q1 25 | $328.6M | $598.0M | ||
| Q4 24 | $412.8M | $554.0M | ||
| Q3 24 | $353.6M | $581.0M | ||
| Q2 24 | $320.8M | $572.0M | ||
| Q1 24 | $314.5M | $529.0M |
| Q4 25 | $370.0K | $3.0M | ||
| Q3 25 | $-3.6M | $10.0M | ||
| Q2 25 | $26.3M | $2.0M | ||
| Q1 25 | $24.2M | $8.0M | ||
| Q4 24 | $64.1M | $-52.0M | ||
| Q3 24 | $-48.6M | $-20.0M | ||
| Q2 24 | $36.9M | $-17.0M | ||
| Q1 24 | $10.6M | $-23.0M |
| Q4 25 | 85.9% | 72.8% | ||
| Q3 25 | 85.4% | 72.6% | ||
| Q2 25 | 86.1% | 74.7% | ||
| Q1 25 | 85.6% | 76.8% | ||
| Q4 24 | 87.1% | 75.8% | ||
| Q3 24 | 85.5% | 75.9% | ||
| Q2 24 | 84.4% | 77.3% | ||
| Q1 24 | 85.4% | 76.7% |
| Q4 25 | 21.2% | -1.7% | ||
| Q3 25 | 7.8% | -0.4% | ||
| Q2 25 | 9.5% | -1.7% | ||
| Q1 25 | 10.7% | -1.5% | ||
| Q4 24 | 19.0% | -12.5% | ||
| Q3 24 | -8.3% | -7.7% | ||
| Q2 24 | 8.9% | -6.6% | ||
| Q1 24 | 11.4% | -8.5% |
| Q4 25 | 0.1% | 0.5% | ||
| Q3 25 | -1.0% | 1.5% | ||
| Q2 25 | 7.5% | 0.3% | ||
| Q1 25 | 7.4% | 1.3% | ||
| Q4 24 | 15.5% | -9.4% | ||
| Q3 24 | -13.7% | -3.4% | ||
| Q2 24 | 11.5% | -3.0% | ||
| Q1 24 | 3.4% | -4.3% |
| Q4 25 | $0.06 | $0.01 | ||
| Q3 25 | $-0.09 | $0.04 | ||
| Q2 25 | $0.62 | $0.01 | ||
| Q1 25 | $0.56 | $0.03 | ||
| Q4 24 | $1.53 | $-0.23 | ||
| Q3 24 | $-1.11 | $-0.08 | ||
| Q2 24 | $0.77 | $-0.07 | ||
| Q1 24 | $0.23 | $-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 | $607.0M | $768.0M |
| Total DebtLower is stronger | $866.5M | — |
| Stockholders' EquityBook value | $1.8B | $4.9B |
| Total Assets | $3.7B | $5.7B |
| Debt / EquityLower = less leverage | 0.49× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $607.0M | $768.0M | ||
| Q3 25 | $503.4M | $874.0M | ||
| Q2 25 | $457.3M | $587.0M | ||
| Q1 25 | $431.0M | $914.0M | ||
| Q4 24 | $505.9M | $1.1B | ||
| Q3 24 | $386.1M | $1.1B | ||
| Q2 24 | $687.2M | $1.2B | ||
| Q1 24 | $751.2M | $1.4B |
| Q4 25 | $866.5M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $864.3M | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.8B | $4.9B | ||
| Q3 25 | $1.8B | $5.0B | ||
| Q2 25 | $1.8B | $4.7B | ||
| Q1 25 | $1.8B | $4.8B | ||
| Q4 24 | $1.8B | $4.8B | ||
| Q3 24 | $1.8B | $4.7B | ||
| Q2 24 | $1.9B | $4.5B | ||
| Q1 24 | $1.9B | $4.7B |
| Q4 25 | $3.7B | $5.7B | ||
| Q3 25 | $3.5B | $5.7B | ||
| Q2 25 | $3.5B | $5.4B | ||
| Q1 25 | $3.5B | $5.7B | ||
| Q4 24 | $3.7B | $5.8B | ||
| Q3 24 | $3.4B | $6.2B | ||
| Q2 24 | $3.7B | $6.6B | ||
| Q1 24 | $3.7B | $6.8B |
| Q4 25 | 0.49× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.48× | — | ||
| Q3 24 | — | — | ||
| 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 | $191.1M | $72.0M |
| Free Cash FlowOCF − Capex | $157.8M | $44.0M |
| FCF MarginFCF / Revenue | 38.8% | 6.7% |
| Capex IntensityCapex / Revenue | 8.2% | 4.3% |
| Cash ConversionOCF / Net Profit | 516.44× | 24.00× |
| TTM Free Cash FlowTrailing 4 quarters | $287.9M | $235.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $191.1M | $72.0M | ||
| Q3 25 | $138.3M | $105.0M | ||
| Q2 25 | $57.1M | $87.0M | ||
| Q1 25 | $20.6M | $104.0M | ||
| Q4 24 | $158.2M | $122.0M | ||
| Q3 24 | $106.0M | $171.0M | ||
| Q2 24 | $50.6M | $55.0M | ||
| Q1 24 | $75.6M | $80.0M |
| Q4 25 | $157.8M | $44.0M | ||
| Q3 25 | $108.2M | $73.0M | ||
| Q2 25 | $26.9M | $50.0M | ||
| Q1 25 | $-5.0M | $68.0M | ||
| Q4 24 | $131.1M | $88.0M | ||
| Q3 24 | $80.1M | $138.0M | ||
| Q2 24 | $25.1M | $18.0M | ||
| Q1 24 | $47.4M | $41.0M |
| Q4 25 | 38.8% | 6.7% | ||
| Q3 25 | 29.7% | 10.8% | ||
| Q2 25 | 7.6% | 7.6% | ||
| Q1 25 | -1.5% | 11.4% | ||
| Q4 24 | 31.8% | 15.9% | ||
| Q3 24 | 22.7% | 23.8% | ||
| Q2 24 | 7.8% | 3.1% | ||
| Q1 24 | 15.1% | 7.8% |
| Q4 25 | 8.2% | 4.3% | ||
| Q3 25 | 8.3% | 4.7% | ||
| Q2 25 | 8.6% | 5.6% | ||
| Q1 25 | 7.8% | 6.0% | ||
| Q4 24 | 6.6% | 6.1% | ||
| Q3 24 | 7.3% | 5.7% | ||
| Q2 24 | 8.0% | 6.5% | ||
| Q1 24 | 8.9% | 7.4% |
| Q4 25 | 516.44× | 24.00× | ||
| Q3 25 | — | 10.50× | ||
| Q2 25 | 2.17× | 43.50× | ||
| Q1 25 | 0.85× | 13.00× | ||
| Q4 24 | 2.47× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | 1.37× | — | ||
| Q1 24 | 7.11× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ZD
| Health And Wellness | $114.8M | 28% |
| Technology And Shopping | $108.9M | 27% |
| Cybersecurity And Martech Segment | $70.9M | 17% |
| Connectivity | $60.3M | 15% |
| Gaming And Entertainment | $51.7M | 13% |
| Subscription And Licensing | $2.9M | 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% |
