Ziff Davis ZD Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 85.3%-0.3pp | 85.7%0.0pp | 86%-0.6pp | 86.1%-0.1pp | 85.7%-0.8pp | |
| Operating margin | 10.9%+4.1pp | 11.6%+3.5pp | 11.1%+2.6pp | 7%-2.7pp | 6.8%-3.6pp | |
| Net margin | 3.3%-2.4pp | 3.4%-1.1pp | 7.9%+3.4pp | 4.7%-1.1pp | 5.6%+1.3pp | |
| EBITDA margin | 26.9%+4.0pp | 28%+4.8pp | 27.5%+3.0pp | 23.1%-3.1pp | 22.9%-4.3pp | |
| Free cash flow margin | 20.8%+3.8pp | 20.6%+0.4pp | 18.6%+2.8pp | 16.8%+3.3pp | 17%+4.4pp | |
| Returns | ||||||
| Return on equity | 2.6%-1.6pp | 2.7%-0.7pp | 6.3%+2.7pp | 3.6%-0.7pp | 4.1%+1.0pp | |
| Return on assets | 1.3%-0.8pp | 1.3%-0.5pp | 3.2%+1.4pp | 1.8%-0.4pp | 2.1%+0.5pp | |
| Return on invested capital | 3.6%+1.4pp | 4.4%+1.6pp | 5%+2.0pp | 2.3%-1.8pp | 2.3%-2.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | 0.4×0.0× | |
| Liquidity | ||||||
| Current ratio | 1.7×+0.1× | 1.3×-0.1× | 1.6×+0.2× | 1.6×-0.3× | 1.5×-0.4× | |
| Quick ratio | 1.7×+0.1× | 1.3×-0.1× | 1.6×+0.2× | 1.6×-0.3× | 1.5×-0.4× | |
| Cash ratio | 0.6×0.0× | 0.5×0.0× | 0.7×+0.1× | 0.7×-0.4× | 0.6×-0.5× | |
| Leverage | ||||||
| Debt-to-equity | 0.5×0.0× | 0.5×0.0× | 0.5×0.0× | 0.5×-0.1× | 0.5×-0.1× | |
| Debt-to-assets | 0.3×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | 0.2×0.0× | |
| Net debt / EBITDA | 0.9×-0.5× | 0.8×-0.4× | 0.9×-0.5× | 1.3×+0.4× | 1.5×+0.7× | |
| Per Share | ||||||
| Book value per share | $45.79+7.5% | $42.67+4.9% | $44.35+11.2% | $42.71+15.7% | $42.59+2.9% | |
| Valuation | ||||||
| Market capitalization | $1.59B-1.6% | $1.39B-40.2% | $1.56B-29.4% | $1.35B-46.7% | $1.61B-44.1% | |
| Enterprise value | $1.93B-6.3% | $1.71B-37.5% | $1.92B-28.5% | $1.75B-38.2% | $2.07B-34.5% | |
| Price / earnings | 35×+13.9× | 29.3×-7.5× | 14.1×-21.4× | 20.4×-11.2× | 21×-27.2× | |
| Price / sales | 1.1×0.0× | 1×-0.7× | 1.1×-0.5× | 1×-0.9× | 1.2×-0.9× | |
| Price / book | 0.9×0.0× | 0.8×-0.5× | 0.9×-0.4× | 0.7×-0.6× | 0.9×-0.6× | |
| EV / EBITDA | 5.2×-1.5× | 4.4×-4.0× | 5×-3.0× | 5.4×-2.5× | 6.6×-1.8× | |
| EV / sales | 1.4×-0.1× | 1.2×-0.7× | 1.4×-0.6× | 1.3×-0.8× | 1.5×-0.8× | |
| Free cash flow yield | 18.2%+3.9pp | 20.7%+8.5pp | 16.7%+6.8pp | 17.3%+10.0pp | 14.3%+8.3pp | |
| Earnings yield | 2.9%-1.9pp | 3.4%+0.7pp | 7.1%+4.3pp | 4.9%+1.7pp | 4.8%+2.7pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Ziff Davis's profit margins?
- Ziff Davis (ZD) runs a 85.3% gross margin and a 10.9% operating margin, with a 3.3% net margin.
- Where do Ziff Davis's ratios come from?
- Every ratio is computed from Ziff Davis's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.