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Zillow Group, Inc.. (Z) Stock Fundamental Analysis & AI Rating 2026

Z Nasdaq Services-Business Services, NEC WA CIK: 0001617640
Recently Updated • Analysis: Apr 19, 2026 • SEC Data: 2025-12-31
HOLD
60% Conf
Pending
Analysis scheduled

📊 Z Key Takeaways

Revenue: $2.6B
Net Margin: 0.9%
Free Cash Flow: $235.0M
Current Ratio: 3.13x
Debt/Equity: 0.27x
EPS: $0.09
AI Rating: HOLD with 60% confidence
Zillow Group, Inc.. (Z) receives a HOLD rating with 60% confidence from our AI fundamental analysis based on SEC 10-K filings. With revenue of $2.6B, net profit margin of 0.9%, and return on equity (ROE) of 0.5%, Zillow Group, Inc.. demonstrates mixed fundamentals in the Services sector. Below is our complete Z stock analysis for 2026.

Is Zillow Group, Inc.. (Z) a Good Investment?

Claude

Zillow demonstrates solid revenue growth (+15.5% YoY) with exceptional gross margins (74.1%) and strong free cash flow generation ($235M), backed by a fortress balance sheet with low leverage. However, operational profitability is severely challenged with negative operating income and negative interest coverage, combined with minimal shareholder returns (0.5% ROE, 0.9% net margin), indicating the business struggles to convert gross profit into bottom-line earnings.

Why Buy Zillow Group, Inc.. Stock? Z Key Strengths

Claude
  • + Strong revenue growth of 15.5% YoY demonstrating market traction
  • + Excellent gross margin of 74.1% showing pricing power and cost of sales control
  • + Robust free cash flow of $235M (9.1% margin) with positive operating cash flow of $368M
  • + Fortress balance sheet with low debt-to-equity ratio of 0.27x and $768M cash
  • + Outstanding liquidity position with 3.13x current and quick ratios

Z Stock Risks: Zillow Group, Inc.. Investment Risks

Claude
  • ! Operating income is negative at -$34M despite $1.9B gross profit, indicating severe cost structure issues
  • ! Net profit margin of only 0.9% leaves minimal margin for error or investment
  • ! Negative interest coverage ratio (-1.9x) indicates inability to service debt from operations
  • ! Abysmal returns on equity (0.5%) and assets (0.4%) suggest capital is not efficiently deployed
  • ! Massive gap between gross profit and operating income ($1.934B) indicates uncontrolled operating expenses

Key Metrics to Watch

Claude
  • * Operating margin trend and path to positive operating income
  • * Operating expense ratio as percentage of revenue (cost structure efficiency)
  • * Return on equity improvement trajectory
  • * Interest coverage ratio recovery to positive territory
  • * Free cash flow sustainability and conversion rate to net income

Zillow Group, Inc.. (Z) Financial Metrics & Key Ratios

Revenue
$2.6B
Net Income
$23.0M
EPS (Diluted)
$0.09
Free Cash Flow
$235.0M
Total Assets
$5.7B
Cash Position
$768.0M

💡 AI Analyst Insight

Strong liquidity with a 3.13x current ratio provides a solid financial cushion.

Z Profit Margin, ROE & Profitability Analysis

Gross Margin 74.1%
Operating Margin -1.3%
Net Margin 0.9%
ROE 0.5%
ROA 0.4%
FCF Margin 9.1%

Z vs Services Sector: How Zillow Group, Inc.. Compares

How Zillow Group, Inc.. compares to Services sector averages

Net Margin
Z 0.9%
vs
Sector Avg 10.0%
Z Sector
ROE
Z 0.5%
vs
Sector Avg 16.0%
Z Sector
Current Ratio
Z 3.1x
vs
Sector Avg 1.5x
Z Sector
Debt/Equity
Z 0.3x
vs
Sector Avg 0.7x
Z Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Zillow Group, Inc.. Stock Overvalued? Z Valuation Analysis 2026

Based on fundamental analysis, Zillow Group, Inc.. has mixed fundamental signals relative to the Services sector in 2026.

Return on Equity
0.5%
Sector avg: 16%
Net Profit Margin
0.9%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.27x
Sector avg: 0.7x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Zillow Group, Inc.. Balance Sheet: Z Debt, Cash & Liquidity

Current Ratio
3.13x
Quick Ratio
3.13x
Debt/Equity
0.27x
Debt/Assets
14.1%
Interest Coverage
-1.89x
Long-term Debt
$1.3B

Z Revenue & Earnings Growth: 5-Year Financial Trend

Z 5-year financial data: Year 2021: Revenue $8.1B, Net Income -$305.4M, EPS $-1.48. Year 2022: Revenue $2.1B, Net Income -$162.0M, EPS $-0.70. Year 2023: Revenue $2.1B, Net Income -$528.0M, EPS $-2.02. Year 2024: Revenue $2.2B, Net Income -$101.0M, EPS $-0.42. Year 2025: Revenue $2.6B, Net Income -$158.0M, EPS $-0.68.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Zillow Group, Inc..'s revenue has declined by 68% over the 5-year period, indicating business contraction. The most recent EPS of $-0.68 indicates the company is currently unprofitable.

Z Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
9.1%
Free cash flow / Revenue

Z Quarterly Earnings & Performance

Quarterly financial performance data for Zillow Group, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $581.0M $10.0M $0.04
Q2 2025 $572.0M $2.0M $0.01
Q1 2025 $529.0M $8.0M $0.03
Q3 2024 $496.0M -$20.0M $-0.08
Q2 2024 $506.0M -$17.0M $-0.07
Q1 2024 $469.0M -$22.0M $-0.09
Q3 2023 $483.0M -$28.0M $-0.12
Q2 2023 $504.0M $8.0M $0.03

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Zillow Group, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$368.0M
Cash generated from operations
Stock Buybacks
$670.0M
Shares repurchased (TTM)
Capital Expenditures
$133.0M
Investment in assets
Dividends
None
No dividend program

Z SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Zillow Group, Inc.. (CIK: 0001617640)

📋 Recent SEC Filings

Date Form Document Action
Apr 15, 2026 DEF 14A z-20260415.htm View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774561140.xml View →
Mar 26, 2026 4 xslF345X06/wk-form4_1774561053.xml View →
Mar 5, 2026 8-K z-20260304.htm View →
Mar 4, 2026 4 xslF345X05/wk-form4_1772664469.xml View →

Frequently Asked Questions about Z

What is the AI rating for Z?

Zillow Group, Inc.. (Z) has an AI rating of HOLD with 60% confidence, based on fundamental analysis of SEC EDGAR filings.

What are Z's key strengths?

Claude: Strong revenue growth of 15.5% YoY demonstrating market traction. Excellent gross margin of 74.1% showing pricing power and cost of sales control.

What are the risks of investing in Z?

Claude: Operating income is negative at -$34M despite $1.9B gross profit, indicating severe cost structure issues. Net profit margin of only 0.9% leaves minimal margin for error or investment.

What is Z's revenue and growth?

Zillow Group, Inc.. reported revenue of $2.6B.

Does Z pay dividends?

Zillow Group, Inc.. does not currently pay dividends.

Where can I find Z SEC filings?

Official SEC filings for Zillow Group, Inc.. (CIK: 0001617640) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is Z's EPS?

Zillow Group, Inc.. has a diluted EPS of $0.09.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.

Is Z a good stock to buy right now?

Based on our AI fundamental analysis in April 2026, Zillow Group, Inc.. has a HOLD rating with 60% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.

Is Z stock overvalued or undervalued?

Valuation metrics for Z: ROE of 0.5% (sector avg: 16%), net margin of 0.9% (sector avg: 10%). Compare these metrics with sector averages to assess valuation.

Should I buy Z stock in 2026?

Our dual AI analysis gives Zillow Group, Inc.. a combined HOLD rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is Z's free cash flow?

Zillow Group, Inc..'s operating cash flow is $368.0M, with capital expenditures of $133.0M. FCF margin is 9.1%.

How does Z compare to other Services stocks?

Vs Services sector averages: Net margin 0.9% (avg: 10%), ROE 0.5% (avg: 16%), current ratio 3.13 (avg: 1.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Apr 19, 2026 | Data as of: 2025-12-31 | Powered by Claude AI