Zillow Group, Inc. ZG Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 73.3%-3.1pp | 74.1%-2.3pp | 74.9%-1.6pp | 75.8%-1.2pp | 76.4%-1.0pp | |
| Operating margin | 0.4%+7.4pp | -1.3%+7.5pp | -3.7%+7.1pp | -5.6%+6.0pp | -7%+6.5pp | |
| Net margin | 2.3%+5.8pp | 0.9%+5.9pp | -1.3%+4.9pp | -2.6%+4.2pp | -3.5%+4.4pp | |
| Returns | ||||||
| Return on equity | 1.3%+3.1pp | 0.5%+2.9pp | -0.7%+2.2pp | -1.3%+1.8pp | -1.7%+1.7pp | |
| Return on invested capital | 0.2%+3.3pp | -0.7%+3.1pp | -2%+2.5pp | -2.5%+1.9pp | -3%+2.0pp | |
| Efficiency | ||||||
| Asset turnover | 0.5×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | 0.4×+0.1× | |
| Liquidity | ||||||
| Current ratio | 2.3×-0.2× | 3.1×+0.3× | 3.6×+0.5× | 3.3×+1.2× | 2.5×-0.9× | |
| Leverage | ||||||
| Debt-to-equity | 0×-0.2× | 0×-0.2× | 0×-0.3× | 0.1×-0.6× | 0.2×-0.3× | |
| Net debt / EBITDA | -2.1×-4.3× | -3×-2.8× | -4.6×— | -2.1×— | 2.1×— | |
| Per Share | ||||||
| Book value per share | $18.39-0.9% | $19.22-7.2% | $19.48-2.7% | $18.86-2.2% | $18.56-6.6% | |
| Valuation | ||||||
| Market capitalization | $9.93B-38.8% | $16.52B-2.1% | $18.03B+21.0% | $16.58B+52.3% | $16.22B+41.7% | |
| Price / earnings | 162.8×— | 718×— | —— | —— | —— | |
| Price / sales | 3.7×-3.3× | 6.4×-1.2× | 7.3×+0.3× | 6.9×+1.7× | 7×+1.3× | |
| Price / book | 2.3×-1.2× | 3.4×-0.1× | 3.6×+0.4× | 3.5×+1.1× | 3.4×+1.0× | |
| EV / EBITDA | 34×-152× | 68.8×-323× | 102.1×— | 132.7×— | 186.4×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Zillow Group, Inc.'s profit margins?
- Zillow Group, Inc. (ZG) runs a 73.3% gross margin and a 0.4% operating margin, with a 2.3% net margin.
- Where do Zillow Group, Inc.'s ratios come from?
- Every ratio is computed from Zillow Group, Inc.'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.
