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Zillow Group, Inc. (Z) Financials

Z
Trailing 12 months to June 30, 2026
Revenue $2.8B +17.7% YoY
Net Income $55.0M +188.7% YoY
EPS (Diluted) $0.22 +184.6% YoY
Free Cash Flow $258.0M -25.0% YoY
Market Cap $6.6B as of Oct 8, 2026
Price / Sales 2.3x on $2.8B revenue, trailing 12 months to June 30, 2026
Price / Earnings 119x on $55.0M net income, trailing 12 months to June 30, 2026
Price / Book 1.5x on $4.3B equity, Q2 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 8, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q2 FY2026, ended Jun 30, 2026 Reported Currency USD FYE December

Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the Z SEC filings page.

Zillow Group, Inc. (Z) reported $2.8B in revenue over the twelve months to Jun 30, 2026, up 17.7% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 13 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI Z FY2025

Zillow is nearing operating break-even as revenue recovers, while lower gross margins show growth has not preserved its earlier economics.

FY2025 revenue reached $2.6B, but gross margin fell to 74.1% from 84.9% in FY2021, so expansion has come with weaker gross economics. Meanwhile, operating margin improved to -1.3% from -13.9% in FY2023, pointing to overhead absorption or cost control rather than a restoration of the prior gross-margin structure.

Cash conversion is stronger than reported earnings: FY2025 net income was $23M while operating cash flow reached $368M, suggesting depreciation and other noncash items materially separated cash generation from accounting profit. Free cash flow was $235M after $133M of capital expenditures, so the business is producing cash without heavy reinvestment.

The balance sheet is becoming less debt-dependent: total liabilities declined from $2.1B in FY2023 to $801M in FY2025. Debt-to-equity also fell from 0.5x to 0.2x, indicating that the improving earnings profile coincided with a materially lighter financing burden.

[ NOT FINANCIAL ADVICE ]

Financial Health Signals

Profitability Growth Leverage Liquidity CashFlow Returns 57 / 100
Financial Health Score 57/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Zillow Group, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability
20

Zillow Group, Inc. has an operating margin of -1.3%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 20/100. This is up from -8.8% the prior year.

Growth
76

Zillow Group, Inc.'s revenue surged 15.5% year-over-year to $2.6B, reflecting rapid business expansion. This strong growth earns a score of 76/100.

Leverage
77

Zillow Group, Inc. carries a low D/E ratio of 0.16, meaning only $0.16 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 77/100, indicating a strong balance sheet with room for future borrowing.

Liquidity
80

With a current ratio of 3.13, Zillow Group, Inc. holds $3.13 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 80/100.

Cash Flow
67

Zillow Group, Inc. converts 9.1% of revenue into free cash flow ($235.0M). This strong cash generation earns a score of 67/100.

Returns
24

Zillow Group, Inc. generates a 0.5% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 24/100. This is up from -2.3% the prior year.

Altman Z-Score Safe
5.19

Zillow Group, Inc. scores 5.19, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($6.6B) relative to total liabilities ($801.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Partial
6/7

Zillow Group, Inc. passes 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed
16.00x

For every $1 of reported earnings, Zillow Group, Inc. generates $16.00 in operating cash flow ($368.0M OCF vs $23.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage At Risk
N/A

Zillow Group, Inc. reported an operating loss of $34.0M against $18.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue
$772.0M
YoY+17.9%
QoQ+9.0%

Zillow Group, Inc. generated $772.0M in revenue in Q2 2026. This represents an increase of 17.9% from the same quarter a year earlier. Against the prior quarter it is up 9.0%.

EBITDA
$55.0M
YoY-1.8%
QoQ-45.5%

Zillow Group, Inc.'s EBITDA was $55.0M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 1.8% from the same quarter a year earlier. Against the prior quarter it is down 45.5%.

Net Income
-$4.0M
YoY-300.0%
QoQ-108.7%

Zillow Group, Inc. reported -$4.0M in net income in Q2 2026. This represents a decrease of 300.0% from the same quarter a year earlier. Against the prior quarter it is down 108.7%.

EPS (Diluted)
-$0.02
YoY-300.0%
QoQ-110.5%

Zillow Group, Inc. earned -$0.02 per diluted share (EPS) in Q2 2026. This represents a decrease of 300.0% from the same quarter a year earlier. Against the prior quarter it is down 110.5%.

Cash & Balance Sheet

Free Cash Flow
-$25.0M
YoY-150.0%
QoQ-115.1%

Zillow Group, Inc. recorded an outflow of $25.0M in free cash flow in Q2 2026, representing a cash shortfall after capex. This represents a decrease of 150.0% from the same quarter a year earlier. Against the prior quarter it is down 115.1%.

Cash & Debt
$572.0M
YoY-2.6%
QoQ-15.6%
5Y CAGR-31.2%
10Y CAGR+13.9%

Zillow Group, Inc. held $572.0M in cash as of Q2 2026; long-term debt is not reported for that period.

Shares Outstanding
Diluted avg 228M

Zillow Group, Inc. had a weighted average of 228M diluted shares in Q2 2026; the shares outstanding count is not reported for that period.

Dividends Per Share

Not reported for Q2 2026.

Margins & Returns

Gross Margin
72.8%
YoY-1.9pp
QoQ-0.5pp

Zillow Group, Inc.'s gross margin was 72.8% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.5 percentage points.

Operating Margin
-1.3%
YoY+0.4pp
QoQ-6.4pp

Zillow Group, Inc.'s operating margin was -1.3% in Q2 2026, reflecting core business profitability. This is up 0.4 percentage points from the same quarter a year earlier. Against the prior quarter it is down 6.4 percentage points.

Net Margin
-0.5%
YoY-0.8pp
QoQ-7.0pp

Zillow Group, Inc.'s net profit margin was -0.5% in Q2 2026, showing the share of revenue converted to profit. This is down 0.8 percentage points from the same quarter a year earlier. Against the prior quarter it is down 7.0 percentage points.

Return on Equity
-0.1%
YoY-0.1pp
QoQ-1.1pp

Zillow Group, Inc.'s ROE was -0.1% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.1 percentage points.

Capital Allocation

R&D Spending
$156.0M
YoY+2.0%
QoQ+4.0%

Zillow Group, Inc. invested $156.0M in research and development in Q2 2026. This represents an increase of 2.0% from the same quarter a year earlier. Against the prior quarter it is up 4.0%.

Share Buybacks
$200.0M
YoY+33.3%
QoQ-68.1%

Zillow Group, Inc. spent $200.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 33.3% from the same quarter a year earlier. Against the prior quarter it is down 68.1%.

Capital Expenditures
$36.0M
YoY-2.7%
QoQ+5.9%
5Y CAGR+22.6%
10Y CAGR+7.8%

Zillow Group, Inc. invested $36.0M in capex in Q2 2026, funding long-term assets and infrastructure. This represents a decrease of 2.7% from the same quarter a year earlier. Against the prior quarter it is up 5.9%.

Z Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

Z quarterly income statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Revenue$772.0M+17.9%$708.0M+18.4%$654.0M+18.1%$676.0M+16.4%$655.0M+14.5%$598.0M+13.0%$554.0M+16.9%$581.0M+17.1%
Cost of Revenue$210.0M+26.5%$189.0M+36.0%$178.0M+32.8%$185.0M+32.1%$166.0M+27.7%$139.0M+13.0%$134.0M+16.5%$140.0M+27.3%
Gross Profit$562.0M+14.9%$519.0M+13.1%$476.0M+13.3%$491.0M+11.3%$489.0M+10.6%$459.0M+13.1%$420.0M+17.0%$441.0M+14.2%
R&D Expenses$156.0M+2.0%$150.0M+0.7%$154.0M+3.4%$151.0M+4.1%$153.0M+6.3%$149.0M+1.4%$149.0M+5.7%$145.0M+2.1%
SG&A Expenses$131.0M+8.3%$123.0M+1.7%$128.0M-7.2%$127.0M+3.3%$121.0M-7.6%$121.0M-8.3%$138.0M-5.5%$123.0M-6.1%
Operating Income-$10.0M+9.1%$36.0M+500.0%-$11.0M+84.1%-$3.0M+93.3%-$11.0M+71.1%-$9.0M+80.0%-$69.0M+34.3%-$45.0M+15.1%
EBITDA$55.0M-1.8%$101.0M+80.4%$54.0M+871.4%$64.0M+255.6%$56.0M+166.7%$56.0M+409.1%-$7.0M+86.5%$18.0M+550.0%
Interest Expense$6.0M+20.0%$4.0M-20.0%$5.0M-37.5%$3.0M-66.7%$5.0M-50.0%$5.0M-44.4%$8.0M-11.1%$9.0M0.0%
Income Tax$1.0M$2.0M$0-100.0%$2.0M$0-100.0%$0-100.0%$1.0M-66.7%$0
Net Income-$4.0M-300.0%$46.0M+475.0%$3.0M+105.8%$10.0M+150.0%$2.0M+111.8%$8.0M+134.8%-$52.0M+28.8%-$20.0M+28.6%
EPS (Basic)-$0.02-300.0%$0.19+533.3%$0.01+104.5%$0.04+150.0%$0.01+114.3%$0.03+130.0%-$0.22+31.3%-$0.08+33.3%
EPS (Diluted)-$0.02-300.0%$0.19+533.3%$0.01+104.5%$0.04+150.0%$0.01+114.3%$0.03+130.0%-$0.22+31.3%-$0.08+33.3%
Diluted Shares (Avg)228M-9.4%240M-6.5%N/A256M+10.2%252M+7.8%256M+9.2%N/A233M-0.3%

Z Balance Sheet

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

Z quarterly balance sheet
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Total Assets$5.3B-2.0%$5.2B-9.0%$5.7B-2.5%$5.7B-7.5%$5.4B-18.3%$5.7B-15.8%$5.8B-12.4%$6.2B-7.5%
Current Assets$1.7B-4.4%$1.7B-23.0%$2.1B-9.1%$2.1B-20.6%$1.8B-41.8%$2.2B-35.2%$2.3B-25.9%$2.7B-26.1%
Cash & Equivalents$572.0M-2.6%$678.0M-25.8%$768.0M-29.0%$874.0M-18.5%$587.0M-50.3%$914.0M-36.5%$1.1B-27.5%$1.1B-41.9%
Short-Term Investments$110.0M-80.7%$105.0M-84.8%$527.0M-32.1%$515.0M-53.2%$571.0M-60.5%$689.0M-53.4%$776.0M-41.1%$1.1B-22.5%
Accounts Receivable$175.0M+15.9%$153.0M+33.0%$149.0M+43.3%$157.0M+34.2%$151.0M+31.3%$115.0M+15.0%$104.0M+8.3%$117.0M+20.6%
Long-Term Investments$0$0$0$0$0$0$0$0
Goodwill$2.8B0.0%$2.8B0.0%$2.8B0.0%$2.8B+0.2%$2.8B+0.2%$2.8B+0.2%$2.8B+0.2%$2.8B+16.6%
Total Liabilities$997.0M+48.8%$818.0M-17.5%$801.0M-18.3%$706.0M-53.0%$670.0M-68.5%$992.0M-54.0%$981.0M-53.9%$1.5B-29.3%
Current Liabilities$906.0M+65.9%$724.0M-17.3%$679.0M-18.3%$584.0M-31.6%$546.0M-63.1%$875.0M-12.6%$831.0M-14.4%$854.0M-9.2%
Non-Current Liabilities$91.0M-26.6%$94.0M-19.7%$122.0M-18.7%$122.0M-81.2%$124.0M-80.9%$117.0M-89.9%$150.0M-87.0%$649.0M-45.3%
Total Equity$4.3B-9.2%$4.4B-7.3%$4.9B+0.7%$5.0B+7.2%$4.7B+5.4%$4.8B+1.9%$4.8B+7.1%$4.7B+2.8%
Retained Earnings-$1.8B+2.9%-$1.8B+3.3%-$1.9B+1.2%-$1.9B-1.7%-$1.9B-3.4%-$1.9B-4.5%-$1.9B-6.3%-$1.8B-7.8%

Not reported in any period shown, so not listed: Inventory, Long-Term Debt.

Z Cash Flow Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

Z quarterly cash flow statement
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Operating Cash Flow$11.0M-87.4%$200.0M+92.3%$72.0M-41.0%$105.0M-38.6%$87.0M+58.2%$104.0M+30.0%$122.0M+41.9%$171.0M+128.0%
Depreciation & Amortization$65.0M-3.0%$65.0M0.0%$65.0M+4.8%$67.0M+6.3%$67.0M+13.6%$65.0M+16.1%$62.0M+17.0%$63.0M+28.6%
Stock-Based Compensation$88.0M-11.1%$81.0M-16.5%N/A$99.0M-8.3%$99.0M-12.4%$97.0M-10.2%N/A$108.0M-0.9%
Capital Expenditures$36.0M-2.7%$34.0M-5.6%$28.0M-17.6%$32.0M-3.0%$37.0M0.0%$36.0M-7.7%$34.0M0.0%$33.0M-5.7%
Free Cash Flow-$25.0M-150.0%$166.0M+144.1%$44.0M-50.0%$73.0M-47.1%$50.0M+177.8%$68.0M+65.9%$88.0M+69.2%$138.0M+245.0%
Investing Cash Flow-$51.0M-166.2%$376.0M+823.1%-$50.0M-118.2%$19.0M-94.2%$77.0M+2666.7%-$52.0M+74.5%$274.0M+187.3%$328.0M+28.6%
Financing Cash Flow-$65.0M+86.7%-$666.0M-204.1%-$128.0M+66.8%$163.0M+126.9%-$490.0M-57.6%-$219.0M-408.5%-$386.0M-206.3%-$607.0M-1138.8%
Share Buybacks$200.0M+33.3%$626.0M+150.4%$232.0M$38.0M$150.0M-48.6%$250.0M+2677.8%$0-100.0%$0-100.0%

Not reported in any period shown, so not listed: Dividends Paid.

Z Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

Z quarterly financial ratios
MetricQ2'2610-QQ1'2610-QQ4'2510-QQ3'2510-QQ2'2510-QQ1'2510-QQ4'2410-KQ3'2410-Q
Gross Margin72.8%-1.9pp73.3%-3.4pp72.8%-3.0pp72.6%-3.3pp74.7%-2.6pp76.8%0.0pp75.8%+0.1pp75.9%-1.9pp
Operating Margin-1.3%+0.4pp5.1%+6.6pp-1.7%+10.8pp-0.4%+7.3pp-1.7%+5.0pp-1.5%+7.0pp-12.4%+9.7pp-7.8%+2.9pp
Net Margin-0.5%-0.8pp6.5%+5.2pp0.5%+9.8pp1.5%+4.9pp0.3%+3.3pp1.3%+5.7pp-9.4%+6.0pp-3.4%+2.2pp
Return on Equity-0.1%-0.1pp1.0%+0.9pp0.1%+1.1pp0.2%+0.6pp0.0%+0.4pp0.2%+0.7pp-1.1%+0.5pp-0.4%+0.2pp
Return on Assets-0.1%-0.1pp0.9%+0.7pp0.1%+0.9pp0.2%+0.5pp0.0%+0.3pp0.1%+0.5pp-0.9%+0.2pp-0.3%+0.1pp
Current Ratio1.92-1.4x2.29-0.2x3.13+0.3x3.63+0.5x3.34+1.2x2.46-0.9x2.81-0.4x3.13-0.7x
Debt-to-Equity0.23+0.1x0.190.0x0.160.0x0.14-0.2x0.14-0.3x0.21-0.3x0.20-0.3x0.32-0.1x
Asset Turnover0.150.0x0.140.0x0.120.0x0.120.0x0.120.0x0.100.0x0.100.0x0.090.0x
FCF Margin-3.2%-10.9pp23.4%+12.1pp6.7%-9.2pp10.8%-13.0pp7.6%+4.5pp11.4%+3.6pp15.9%+4.9pp23.8%+15.7pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company Fiscal year Revenue Net income Net margin Market cap Health score
Zillow Group, Inc. Z FY2025 $2.6B $23.0M 0.9% $6.6B 57/100
ZILLOW GROUP INC ZG FY2025 $2.6B $23.0M 0.9% $6.3B 57/100
Nebius Group N.V. NBIS FY2025 $529.8M $82.5M 15.6% $64.5B 61/100
Pinterest, Inc. PINS FY2025 $4.2B $416.9M 9.9% $11.5B 70/100
Baidu, Inc. BIDU FY2025 $18.5B $799.0M 4.3% $29.0B 34/100

Frequently Asked Questions

What is Zillow Group, Inc.'s annual revenue?

Zillow Group, Inc. (Z) reported $2.6B in total revenue for fiscal year 2025. This represents a 15.5% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Zillow Group, Inc.'s revenue growing?

Zillow Group, Inc. (Z) revenue grew by 15.5% year-over-year, from $2.2B to $2.6B in fiscal year 2025.

Is Zillow Group, Inc. profitable?

Yes, Zillow Group, Inc. (Z) reported a net income of $23.0M in fiscal year 2025, with a net profit margin of 0.9%.

Zillow Group, Inc. (Z) reported diluted earnings per share of $0.09 for fiscal year 2025. This represents a 118.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Zillow Group, Inc. (Z) had EBITDA of $230.0M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

Zillow Group, Inc. (Z) had a gross margin of 74.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

Zillow Group, Inc. (Z) had an operating margin of -1.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

Zillow Group, Inc. (Z) had a net profit margin of 0.9% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Zillow Group, Inc. (Z) has a return on equity of 0.5% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

Zillow Group, Inc. (Z) generated $235.0M in free cash flow during fiscal year 2025. This represents a -17.5% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

Zillow Group, Inc. (Z) generated $368.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

Zillow Group, Inc. (Z) had $5.7B in total assets as of fiscal year 2025, including both current and long-term assets.

Zillow Group, Inc. (Z) invested $133.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Zillow Group, Inc. (Z) invested $607.0M in research and development during fiscal year 2025.

Yes, Zillow Group, Inc. (Z) spent $670.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

Zillow Group, Inc. (Z) had a current ratio of 3.13 as of fiscal year 2025, which is generally considered healthy.

Zillow Group, Inc. (Z) had a debt-to-equity ratio of 0.16 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

Zillow Group, Inc. (Z) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

Zillow Group, Inc. (Z) trades at 119x earnings, its market capitalization divided by net income of $55.0M net income, trailing 12 months to June 30, 2026. The market capitalization is $6.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Zillow Group, Inc. (Z) trades at 2.3x sales, its market capitalization divided by revenue of $2.8B revenue, trailing 12 months to June 30, 2026. The market capitalization is $6.6B as of Oct 8, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

Zillow Group, Inc. (Z) has an Altman Z-Score of 5.19, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

Zillow Group, Inc. (Z) has a Piotroski F-Score of 6 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Zillow Group, Inc. (Z) has an earnings quality ratio of 16.00x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Zillow Group, Inc. (Z) reported an operating loss of $34.0M against $18.0M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

Zillow Group, Inc. (Z) scores 57 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.

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