COMP <GO>
ZG vs HQY // EV/EBITDA & P/E VALUATION
Zillow Group Inc. (Class A) (NASDAQ) VS. HealthEquity Inc. (NASDAQ) • 15-METRIC TALLY: ZG 3
— HQY 7
■ METRIC PARITY
LAST: $31.89 (-0.65%) • MKT CAP: $7.22B
valuation
—
LAST: $102.47 (+1.10%) • MKT CAP: $8.38B
valuation
27.8x
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ZG VS. HQY)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | ZG | HQY | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 74.10% | 69.50% | +4.60 | ZG | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | -0.70% | 9.30% | -10.00 | HQY | /roic <GO> |
| EV/EBITDA & P/E Valuation ACTIVE | — | 27.8x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 3.26% | 5.43% | -2.17 | HQY | /fcf-yield <GO> |
| Operating Margin | -1.30% | 24.60% | -25.90 | HQY | /operating-margins <GO> |
| Net Profit Margin | 0.90% | 16.40% | -15.50 | HQY | /net-margins <GO> |
| Revenue Growth (YoY) | 15.50% | 9.50% | +6.00 | ZG | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 0.00% | 0.00 | TIE | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 5.69 | 4.86 | +0.83 | ZG | /balance-sheet <GO> |
| Piotroski F-Score Quality | 8/9 | 9/9 | -1.00 | HQY | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 50.8 | 62.4 | -11.63 | HQY | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.96 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 36.3x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $7.22B | $8.38B | -$1.17B | HQY | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | ZG REV | HQY REV | ZG GROSS % | HQY GROSS % | ZG FCF | HQY FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $2.58B | $1.31B | 74.1% | 69.5% | $235.0M | $455.1M |
| FY 2024 | $2.24B | $1.20B | 76.4% | 64.8% | $285.0M | $337.8M |
| FY 2023 | $1.95B | $999.6M | — | — | $354.0M | $197.8M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
ZG // BETA —
HQY // BETA 0.96