Zillow Group (ZG) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Zillow Group

NasdaqGS•Communication Services•Internet Content & Information

$35.32-0.72(-0.02%)Market closed

Market Cap

$6.89B

P/E

125.3x

P/S

2.5x

P/B

1.6x

Zillow Group, Inc. operates a real estate application and website that connects consumers with technology, agents and loan officers, and digital solutions in the United States. The company operates through four categories: Residential, Mortgages, Rentals, and Other. The Residential segment includes agent and software, as well as new construction marketing solutions and StreetEasy for sale products. This segment also offers advertising and marketing solutions for real estate agents, premier agent, SaaS customer relationship management, real estate transaction management, appointment center, and enhanced listing services. The Rentals segment includes advertising and a suite of tools for property managers, landlords, and other rental professionals, as well as rental applications. The Mortgages segment provides mortgage originations through Zillow Home Loans and advertising to mortgage lenders and other mortgage professionals; and title and escrow services. The company also generates revenue from display advertising. It also offers a brand portfolio including Zillow, Zillow Premier Agent, Zillow Rentals, Zillow New Construction, Trulia, StreetEasy, Out East, HotPads, Follow Up Boss, ShowingTime, dotloop and Zillow Closing; and a suite of marketing software and technology solutions for the real estate industry. Zillow Group, Inc. was founded in 2004 and is headquartered in Seattle, Washington.

How this company scores

WeakMetricSide Score: 68/100

Grade capped at D — Interest coverage below 1× (0.5x) — earnings cannot cover interest. Strongest: Growth (25/25); weakest: Profitability (10/25).

Profitability10/25

Growth25/25

Balance Sheet & Red Flags18/25

Cash & Earnings Quality15/25

Strengths

Growing revenueRising earningsLow leverageCash-backed earnings

Grade capped at D

Interest coverage below 1× (0.5x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 125.3x5y range 125.3x – 729.7x

P/S · 2.5x5y range 0.7x – 7.6x

Currently below its 17-quarter median.

P/B · 1.6x5y range 1.5x – 3.8x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Price & Volume

Market Cap $6.89B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $2.81B
Q. Revenue: $772.00M
TTM EBITDA: $274.00M
TTM Op. Income: $12.00M
Q. Op. Income: $-10.00M
TTM Net Income: $55.00M
Q. Net Income: $-4.00M
EPS: $-0.02
Shares Out.: $227.90M

$2.81B in TTM revenue grew 17.7% YoY, reaching $772.00M last quarter. TTM EBITDA of $274.00M and TTM operating income of $12.00M show growth is flowing through to the bottom line. TTM net income of $55.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 72.8%
EBITDA Margin: 7.1%
Op. Margin: -1.3%
Net Margin: -0.5%

Op. margin of -1.3% is up 0.4% YoY — cost efficiency is improving. Net margin at -0.5% and gross margin of 72.8% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 23% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 125.3x
P/S Ratio: 2.5x
P/B Ratio: 1.6x

At 125.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.5x and P/B of 1.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.30B
Cash: $572.00M
Long-Term Debt: $0
Book Value: $4.31B
D/E Ratio: 0.0
Debt/EBITDA: 0.0

With $5.30B in assets and $0 in long-term debt, D/E is 0.0and book value is $4.31B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 100% — a steady trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $11.00M
TTM Free Cash Flow: $258.00M
FCF Margin: 9.2%
FCF / Net Income: 4.7

TTM FCF of $258.00M on $11.00M in operating cash flow. The FCF / Net Income ratio of 4.7x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is down 25% — a weakening trend.