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Leading US real estate listing website, connecting homebuyers, renters and agents through Zillow and Trulia.
Leading US real estate listing website, connecting homebuyers, renters and agents through Zillow and Trulia.
Earns mostly from real-estate agents, who pay for buyer leads shown beside listings; many now pay a share of the commission when a deal closes instead of a flat fee. Rental listings, paid for by landlords and property managers, are the second line. It shut its home-buying business, Zillow Offers, in 2021 and returned to a pure marketplace.
Moat: narrow (network effects, brand, data). Largest US real estate traffic and brand recognition attract both consumers and agent advertisers.
Headquarters: Seattle, Washington, US · Founded: 2004 · Employees: 7,068
Size Zillow (Z) is a United States Real Estate company (Internet Software/Services) with a market value of $6.66B, the 984th largest of 3,117 United States companies the cockpit tracks. Shares closed at $29.55 on 6 Nov 2026.
Performance Over six months the shares fell 28.7%, against -0.9% for the median peer and -1.1% for the United States market (cap-weighted) — lowest of 21 in its peer set.
Growth Revenue grew 17.7% over the last twelve months (peer median +7.5%); the operating margin is 1.8% (peer median 27.9%).
Valuation It trades at 11.4× forward earnings against a peer median of 30.2× (2nd cheapest of 17).
Short interest Short interest is 8.4% of the free float (15 Oct 2026).
Next results Next results expected around 16 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $2.81B | $2.58B | $2.24B | $1.95B | $1.96B |
| Revenue growth | — | +16% | +15% | -1% | — |
| Gross profit | $2.05B | $1.92B | $1.69B | $1.50B | $1.61B |
| EBITDA | $344M | $261M | $79.0M | -$4.00M | $118M |
| Net income | $55.0M | $23.0M | -$112M | -$158M | -$101M |
| Free cash flow | $256M | $235M | $285M | $219M | $4.39B |
| Capital expenditure | $168M | $267M | $171M | $165M | $140M |
| Total debt | $558M | $457M | $660M | $1.83B | $1.87B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Zillow Z | $6.66B | -29% | +18% | 2% | 11.4× | n/a |
| CoStar CSGP | $12.3B | -7% | +20% | 6% | 18.1× | n/a |
| News Corp (Class A) NWSA | $14.7B | -2% | +1% | 13% | 18.4× | 8.0% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | Z | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +1.3% | +5.8% | 5th lowest of 21 |
| 6-month return | -28.7% | -0.9% | lowest of 21 |
| Distance from 52-week high | -61.7% | -14.7% | lowest of 21 |
| Revenue growth (TTM) | +17.7% | +7.5% | 7th highest of 21 |
| Operating margin | 1.8% | 27.9% | 3rd lowest of 21 |
| Forward P/E | 11.4× | 30.2× | 2nd cheapest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Zillow Z | United States | $6.66B | -29% | +18% | 2% | 11.4× | n/a | n/a |
| Vornado Realty Trust VNO | United States | $6.70B | +11% | +2% | 9% | n/a | n/a | n/a |
| Healthcare Realty Trust HR | United States | $6.50B | -5% | -6% | 12% | 421.5× | n/a | n/a |
| Rayonier RYN | United States | $6.45B | +6% | -13% | 15% | 36.0× | n/a | n/a |
| Macerich MAC | United States | $7.04B | +14% | +9% | -6% | 187.0× | n/a | n/a |
| STAG Industrial STAG | United States | $7.06B | -6% | +9% | 38% | 32.0× | n/a | n/a |
| First Industrial Realty Trust FR | United States | $7.13B | -14% | +9% | 42% | 30.8× | n/a | n/a |
| Essential Properties Realty Trust EPRT | United States | $6.21B | -11% | +21% | 64% | 21.6× | n/a | n/a |
| Terreno Realty TRNO | United States | $7.24B | 0% | +18% | 41% | 34.7× | n/a | n/a |
| COPT Defense Properties CDP | United States | $7.43B | +4% | +7% | 30% | 22.3× | n/a | n/a |
| Phillips Edison & PECO | United States | $5.72B | +2% | +7% | 29% | 49.4× | n/a | n/a |
| Alexandria Real Estate Equities ARE | United States | $7.80B | -2% | -10% | 27% | n/a | n/a | n/a |
| Compass COMP | United States | $7.84B | +17% | +68% | 0% | n/a | n/a | n/a |
| NNN REIT NNN | United States | $7.89B | -7% | +7% | 61% | 19.6× | n/a | n/a |
| Rexford Industrial Realty REXR | United States | $8.02B | +4% | -2% | 40% | 29.5× | n/a | n/a |
| Sabra Health Care REIT SBRA | United States | $5.51B | +1% | +21% | 18% | 29.4× | n/a | n/a |
| OUTFRONT Media OUT | United States | $5.42B | -9% | +8% | 20% | 22.2× | n/a | n/a |
| Rithm Capital RITM | United States | $5.15B | -6% | +19% | 48% | 4.1× | n/a | n/a |
| Kite Realty Group Trust KRG | United States | $5.04B | -4% | -7% | 23% | 68.2× | n/a | n/a |
| LandBridge Company LLC LB | United States | $5.02B | 0% | +44% | 64% | 29.7× | n/a | n/a |
| Lineage LINE | United States | $8.91B | -2% | +1% | 4% | n/a | n/a | n/a |