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We are reimagining residential real estate to make home a reality for more and more people. As the most visited real estate app and website in the United States 1 , Zillow connects hundreds of millions of consumers with innovative technology, trusted agents and loan officers, and seamless digital solutions.
$35.00
$0.44 (-1.24%)
Price from 5 days ago
The business is unprofitable at the operating level (-1.32% margin). The thesis depends entirely on whether and when it reaches sustainable profitability.
Revenue up 15.5% YoY with margins expanding 7.5pp. However, free cash flow softened 18%, worth monitoring whether this is timing or structural.
At 140x earnings, the current multiple leaves limited room for execution misses or growth deceleration. Free cash flow declined 18% versus the prior year, cash generation momentum has weakened.
140.0x earnings, 25.2x FCF. The market is pricing in years of above-average growth. If that thesis breaks, downside from multiple compression alone could be 30%+. This is a stock where you're paying for the future, not the present.
Based on TTM earnings · Diluted shares
Profitability & Returns
Revenue (TTM)
$2.69B
▲ +15.5% YoY
Net Income (TTM)
$61M
▲ +120.5% YoY
Op. Margin
0.41%
▲ +7.5pp YoY
ROIC
0.14%
▲ +2.4pp YoY
Cash Flow & Balance Sheet
FCF (TTM)
$333M
▼ -17.5% YoY
Op. Cash Flow (TTM)
$464M
▼ -14.0% YoY
Net Debt
-$689M
Net Cash Position
Cash & Equiv.
$783M
5Y CAGR: +9.7%
5Y CAGR: -7.0%
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