ZG

Communication Services

Zillow Group, Inc. Class A · Internet Content & Information · $9B

UQS Score — Balanced Preset
43.3
Below Average

Zillow Group, Inc. Class A scores 43.3/100 using the Balanced preset.

UQS vs Communication Services Sector
ZG
43.3
Sector avg
35.8
Quality
Weak
Moat
Weak
Growth
Neutral
Risk
Good
Valuation
Good

What is Zillow Group, Inc. Class A?

Zillow Group is one of the most recognized names in U.S. digital real estate, connecting buyers, sellers, renters, and agents through a suite of online platforms and mobile apps. The company operates across home sales, rentals, and mortgage services.

Zillow generates revenue by selling advertising and lead-generation services to real estate agents through its Premier Agent program, operating rental and new construction marketplaces, and providing mortgage origination products. Its Internet, Media & Technology segment is the core revenue driver, while the Mortgages segment offers home loans and marketing tools. The company also provides title and escrow closing services, rounding out a broad real estate transaction ecosystem under brands including Trulia, StreetEasy, HotPads, and Out East.

Zillow Group was incorporated in 2004 and is headquartered in Seattle, Washington.

  • Premier Agent advertising marketplace for real estate professionals
  • Zillow Rentals and HotPads rental listing platforms
  • Mortgage origination and custom quote services
  • Title and escrow closing services via Zillow Closing Services
  • New construction marketplace and dotloop business software

Is ZG a Good Stock to Buy?

UQS Score rates ZG as Below Average overall, reflecting meaningful structural challenges across several key pillars.

The Risk pillar stands out as ZG's clearest relative strength, suggesting the balance sheet and financial stability profile compares reasonably well within its sector context. The Growth and Valuation pillars both land at Neutral, meaning neither acts as a strong headwind nor a compelling tailwind at current levels.

Both the Quality and Moat pillars register as Weak — the two areas that matter most for long-term compounding. This signals limited pricing power and questions around sustainable competitive advantage.

See the exact pillar breakdown and full financial metrics by signing up for a UQS Pro account. Sign up free →

Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.

Does ZG pay dividends?

No — Zillow Group, Inc. Class A does not currently pay a dividend.

Zillow Group does not currently pay a dividend. As a growth-oriented digital platform, the company has historically directed capital toward product development, market expansion, and technology investment rather than returning cash to shareholders through distributions. Investors seeking income from this position would need to look elsewhere.

When does ZG report earnings?

Zillow Group reports earnings on a quarterly cadence, typical for US-listed equities.

Zillow's recent quarters have reflected the broader pressures facing the U.S. housing market, including elevated interest rates and subdued transaction volumes. The company has been navigating a transition in its business model following the wind-down of its iBuying operations, with management focused on growing its core IMT and Mortgages segments.

For the most recent quarter's results and guidance, visit Zillow Group's investor relations page directly.

ZG Price History

-61.0% over 5Y

Monthly close, adjusted for stock splits and dividend reinvestment.

Return Calculator

What if I invested in Zillow Group, Inc. Class A?

$
Today it would be worth
$3,507
That's a -64.9% total return, or -18.9% annualized.

Based on Zillow Group, Inc. Class A's historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.

ZG Long-term Outlook

The fundamental outlook for ZG is shaped by a Neutral Growth profile and Weak Quality and Moat scores — a combination that points to modest near-term trajectory without a durable earnings engine behind it. A recovery in U.S. housing transaction volumes would be a meaningful catalyst, but the platform's ability to convert that into sustained profitability remains a key open question. The Strong Risk pillar provides some stability, limiting the downside scenario around financial distress.

Growth drivers

  • Recovery in U.S. housing market activity and transaction volumes
  • Expansion of mortgage origination and integrated transaction services
  • Growth in rental marketplace as renting demand stays elevated

Key risks

  • Weak Moat score signals limited pricing power against competing platforms and agent networks
  • Prolonged high interest rate environment suppressing home purchase activity
  • Neutral Valuation pillar leaves little margin of safety if growth disappoints

ZG vs Peers

Zillow Group Class A (ZG) shares its competitive landscape with a mix of its own share-class sibling and broader digital media platforms that compete for advertising dollars and user attention.

ZSimilar UQS
Zillow Group, Inc. Class C

Z represents the non-voting share class of the same underlying business, making it functionally identical operationally but distinct in governance rights for shareholders.

SNAPZG scores higher
Snap Inc.

Snap competes in the broader digital advertising market, drawing brand and performance ad budgets that might otherwise flow to real estate-focused platforms like Zillow.

PINSZG scores lower
Pinterest, Inc.

Pinterest targets intent-driven audiences and competes with Zillow for home-related advertising spend from brands in the real estate and home improvement categories.

Frequently Asked Questions

What does Zillow Group do?

Zillow Group operates digital real estate platforms in the United States, connecting buyers, sellers, renters, and agents. It earns revenue through agent advertising, rental listings, mortgage origination, and title and escrow services. Its brands include Trulia, StreetEasy, HotPads, and Out East.

Does ZG pay dividends?

No, Zillow Group does not pay a dividend. The company reinvests available capital into platform development and business growth rather than distributing cash to shareholders. Investors focused on income generation may find ZG unsuitable for that purpose.

When does ZG report earnings?

Zillow Group reports on a quarterly cadence like most U.S.-listed companies. The company does not pre-announce exact dates far in advance. Check Zillow Group's investor relations page for the current earnings calendar and the most recent results.

Is ZG a good stock to buy?

UQS Score rates ZG as Below Average, driven by Weak Quality and Moat pillars. While the Risk pillar is Strong and Growth and Valuation are Neutral, the overall profile suggests meaningful structural challenges. The complete pillar breakdown is available to Pro members on UQS Score.

Is ZG overvalued?

The UQS Valuation pillar for ZG is rated Neutral, meaning the current price does not appear dramatically stretched or deeply discounted relative to the platform's fundamentals. However, a Neutral valuation combined with Weak Quality and Moat scores limits the attractiveness of the risk-reward profile.

How does ZG compare to its competitors?

ZG's Class C sibling (Z) is operationally identical but differs in voting rights. Versus broader digital advertising peers like Snap and Pinterest, Zillow's differentiation lies in its real estate-specific intent data and agent relationships — though its Weak Moat score suggests that advantage is not yet deeply entrenched.

What is ZG's market cap bracket?

Zillow Group Class A is classified as a large-cap stock, placing it among the larger publicly traded companies in the U.S. digital media and real estate technology space.

Who founded Zillow Group?

Zillow was co-founded by Rich Barton and Lloyd Frink, both formerly of Microsoft and Expedia. The company was incorporated in 2004 and grew to become one of the most visited real estate websites in the United States.

Is ZG a long-term quality investment?

As a long-term quality indicator, ZG's UQS profile raises caution. Weak scores in both Quality and Moat — the pillars most associated with durable compounding — suggest the business has not yet demonstrated the consistency and competitive insulation that long-term investors typically seek. The full analysis is available to Pro members.

What is the main competitive advantage of Zillow Group?

Zillow's primary advantage is brand recognition and consumer traffic — it remains one of the most visited real estate platforms in the U.S. However, the UQS Moat pillar rates this advantage as Weak, indicating that traffic alone has not translated into durable pricing power or a structurally defensible market position.

What sector does ZG belong to?

Zillow Group is classified under the Communication Services sector. Within that sector, it operates as a digital real estate marketplace, competing for advertising budgets and user engagement alongside other internet media and technology platforms.

Is ZG a growth stock or value stock?

Based on its UQS profile, ZG sits in an ambiguous middle ground — the Growth pillar is Neutral and the Valuation pillar is also Neutral. It does not clearly qualify as a high-growth compounder or a deep-value opportunity under the current scoring framework.

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Pro Analysis

ZG — Score History

35404550Apr 2Apr 12Apr 22May 2May 12May 22May 24v5
Score changes· 15 most recent
DateUQSQualityMoatGrowthRiskValueChange
May 20, 202643.418.027.057.875.961.5+0.3
May 15, 202643.117.727.057.875.959.8+0.2
May 14, 202642.917.627.057.875.958.7+0.4
May 12, 202642.517.127.057.875.956.7+0.2
May 11, 202642.317.127.057.875.955.4+0.2
May 7, 202642.114.227.058.082.452.1+0.1
May 3, 202642.014.227.058.082.451.4+0.1
Apr 26, 202641.914.227.058.082.451.2+0.2
Apr 23, 202641.714.227.058.082.449.90.0
Apr 19, 202641.714.227.058.082.449.8-1.0

ZG — Pillar Breakdown

Quality

17.9/100 (25%)

Zillow Group, Inc. Class A currently shows below-average quality metrics, suggesting challenges with profitability.

Capital Efficiency (ROIC)Weak

How effectively capital is deployed to generate returns.

Return on EquityWeak

Profitability relative to shareholders' equity.

Operating ProfitabilityWeak

Ability to convert revenue into operating profit.

Net ProfitabilityWeak

Bottom-line profit as a share of revenue.

Gross Profit / AssetsModerate

Asset productivity — how much gross profit each dollar of assets generates.

Cash GenerationWeak

Free cash flow relative to market value.

Growth

57.8/100 (20%)

Zillow Group, Inc. Class A demonstrates healthy growth trends across revenue and earnings.

Recent Revenue TrendWeak

Revenue trajectory over the last twelve months.

3Y Revenue CAGRWeak

Compound annual revenue growth rate over 3 years.

EPS GrowthStrong

Year-over-year earnings per share growth.

Forward Revenue OutlookModerate

Analyst consensus for future revenue growth.

Forward EPS GrowthStrong

Analyst consensus for future earnings growth.

Risk

75.9/100 (15%)

Zillow Group, Inc. Class A carries minimal financial risk with conservative leverage and strong solvency.

Financial LeverageStrong

Debt levels relative to earnings capacity.

Debt/EquityStrong

Total debt relative to shareholder equity.

Current RatioStrong

Short-term liquidity — ability to pay near-term obligations.

Interest CoverageWeak

Earnings capacity relative to interest payments.

Valuation

61.0/100 (15%)

Zillow Group, Inc. Class A trades at a reasonable valuation with decent earnings yield and FCF multiples.

Earnings YieldStrong

Inverse of forward P/E — higher yield means cheaper stock.

Price to Free Cash FlowModerate

How many years of FCF the market cap represents.

PEG RatioStrong

P/E relative to earnings growth — lower is more attractive.

EV/EBITDA vs SectorWeak

Enterprise value multiple relative to sector median.

Moat

27/100 (25%)

Zillow Group, Inc. Class A operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for ZG.

Score Composition

Quality
17.9×25%4.5
Growth
57.8×20%11.6
Risk
75.9×15%11.4
Valuation
61.0×15%9.2
Moat
27.0×25%6.8
Total
43.3Below Average

Financial Data

More Stock Analysis

How is the ZG UQS Score Calculated?

The UQS (Unified Quality Score) for Zillow Group, Inc. Class A is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.

Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.

Moat (25%) assesses Zillow Group, Inc. Class A's competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.

Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.

Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.

Valuation (15%) measures whether Zillow Group, Inc. Class A is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.

Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.