Z
ZILLOW GROUP, INC.
Next earnings Aug 4, 2026 (after close) · consensus $0.46 EPS, $773M rev
Last earnings +2.3% on 2026-05-06
$33.43
▲ +6.53%$33.43▼ -52.06%
over 1Y
L $29.41H $90.32
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+6.5%
1W+13.7%
1M-8.1%
3M-17.7%
YTD-49.3%
1Y-52.1%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 30 analysts
Buy
Dominant US housing platform growing 15% and inflecting to GAAP profit, with a near-debt-free balance sheet and big buybacks.
Revenue $2.58B · FY2025
The read
The fundamentals carry the rating, but the price is rich (~90% above our fair-value estimate) — a quality-at-a-price call. The case rests on the business, not the entry; patient buyers may wait for a pullback.
Zillow operates the most-visited real estate app and website in the U.S., a powerful consumer-traffic franchise it is monetizing across Residential (Premier Agent, Showcase), Mortgages (Zillow Home Loans), Rentals and software (Follow Up Boss, ShowingTime, dotloop). FY2025 marks an important inflection: revenue grew 15.5% to $2.58B — well ahead of the ~3% growth in industry transaction value cited in the MD&A — and the company finally turned GAAP-positive at $23M of net income after years of losses (FY2021 lost $528M). Gross margin is a software-like 74.1%, underscoring the operating leverage available as revenue scales.
The balance sheet is a major asset for a still-thin-margin company. Liabilities/equity is just 0.16x, equity is $4.88B, cash is $768M, and management bought back $670M of stock (up 122.6%), shrinking the share count while it invests $607M in R&D to expand higher-monetization products. This financial strength lets Zillow keep investing through a weak housing market without dilution or distress.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 21, 2026, 4:53 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $2.13B | $1.96B | $1.95B | $2.24B | $2.58B |
| Gross profit | $1.81B | $1.59B | $1.52B | $1.71B | $1.92B |
| Operating income | $239M | -$93.0M | -$270M | -$197M | -$34.0M |
| Net income | -$528M | -$101M | -$158M | -$112M | $23.0M |
| Diluted EPS | -$2.02 | -$0.42 | -$0.68 | -$0.48 | $0.09 |
| Net margin | -24.8% | -5.2% | -8.1% | -5.0% | 0.9% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$8.20B
EV / EBITDA35.7
EV / Sales3.2
EV / FCF34.9
P / FCF32.5
PEG (trailing)3.08
Earnings yield0.3%
FCF yield3.1%
Quality & risk
ROIC (est.)-0.4%
Free cash flow$235M
Total debt$1.32B
Net cash-$551M
Altman Z-Score6.01 safe
Piotroski F-Score7/9
Capital returns
Buyback yield8.8%
Dividend yield (est.)—
Shareholder yield8.8%
Shares Δ YoY+3.4%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRoutine disclosure cadence — no material red flags in recent filings.
Recent filings
all on EDGAR ↗SCHEDULE 13D/AFiling2026-06-15open ↗4Period ending 2026-06-082026-06-09open ↗144Filing2026-06-08open ↗8-KPeriod ending 2026-06-022026-06-03open ↗4Period ending 2026-05-222026-05-26open ↗144Filing2026-05-22open ↗4Period ending 2026-05-142026-05-18open ↗4Period ending 2026-05-142026-05-18open ↗144Filing2026-05-18open ↗144Filing2026-05-18open ↗4Period ending 2026-05-142026-05-15open ↗4Period ending 2026-05-142026-05-15open ↗
Frequently asked
- Is ZILLOW GROUP, INC. (Z) a buy?
- Z currently carries a Buy rating with 3/5 conviction, derived from its latest SEC filings. Dominant US housing platform growing 15% and inflecting to GAAP profit, with a near-debt-free balance sheet and big buybacks.
- What is Z's fair value?
- A Modified-Graham model based on Z's SEC fundamentals estimates a fair value of about $3.19. It is an estimate from reported earnings, not a price target.
- Is Z overvalued or undervalued?
- Against a Modified-Graham fair-value estimate, Z currently appears overvalued relative to its SEC-grounded earnings power.
- What is ZILLOW GROUP, INC.'s quality score?
- Z scores 57.22291317503523/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001617640, latest 10-Q filed 2026-05-06) · EODHD · Proprietary analysis · as of 6/21/2026, 8:53:13 PM.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.