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Zillow Group, Inc. Z Invested capital

Discontinued — last reported Q1 '26

Invested capital at other companies

Griffon logo
GriffonGFF
5.9%-9.9pp
Benchmark Electronics logo
Benchmark ElectronicsBHE
3.8%-1.7pp
Power Integrations logo
Power IntegrationsPOWI
1.5%-1.0pp
SSR Mining logo
SSR MiningSSRM
18.7%
Repligen logo
RepligenRGEN
0.3%-6.3pp
MYR Group logo
MYR GroupMYRG
18.4%+13.4pp

Other financials

Income statement

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Revenue$708.0M+18.4%
Gross profit$519.0M+13.1%
Operating income$36.0M+500%
Net income$46.0M+475%
EPS (diluted)$0.19+533%

Balance sheet

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Cash & equivalents$683.0M-25.6%
Total debt$94.0M-91.5%
Total equity$4.4B-7.3%
Total assets$5.2B-9.0%

Cash flow

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Operating cash flow$200.0M+92.3%
CapEx$34.0M-5.6%
Free cash flow$166.0M+144%

Valuation

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Market cap$6.99B-38.8%

Profitability

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Gross margin73.3%-3.1pp
Operating margin0.4%+0.2pp
Net margin2.3%+1.4pp
FCF margin12.4%-1.2pp

Returns & leverage

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Return on equity1.3%+0.9pp
Debt / equity-0.2×
Current ratio2.3×-0.2×

Where this comes from

Calculated from Zillow Group, Inc.’s reported figures.

The official record: Zillow Group, Inc.’s 10-Q, filed May 6, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Zillow Group, Inc.'s invested capital?
Zillow Group, Inc. (Z) reported invested capital of $3.82B in Q1 2026.
How has Zillow Group, Inc.'s invested capital changed year-over-year?
Zillow Group, Inc.'s invested capital decreased by 22.7% year-over-year, from $4.94B to $3.82B.
What is the long-term trend for Zillow Group, Inc.'s invested capital?
Over 5 years (2020 to 2025), Zillow Group, Inc.'s invested capital has grown at a -5.2% compound annual growth rate (CAGR), from $5.48B to $4.2B.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).