COMP <GO>

ZG vs Z // FORWARD P/E MULTIPLE

Zillow Group Inc. (Class A) (NASDAQ) VS. Zillow Group Inc. (NASDAQ) • 15-METRIC TALLY: ZG 2 — Z 4

■ METRIC PARITY

LAST: $31.89 (-0.65%) • MKT CAP: $7.22B

forward-pe

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LAST: $30.96 (-0.10%) • MKT CAP: $6.97B

forward-pe

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15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (ZG VS. Z) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	ZG	Z	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	74.10%	74.10%	0.00	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-0.70%	-0.60%	-0.10	Z	/roic <GO>
EV/EBITDA & P/E Valuation	—	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	3.26%	3.37%	-0.11	Z	/fcf-yield <GO>
Operating Margin	-1.30%	-1.30%	0.00	TIE	/operating-margins <GO>
Net Profit Margin	0.90%	0.90%	0.00	TIE	/net-margins <GO>
Revenue Growth (YoY)	15.50%	15.50%	0.00	TIE	/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	5.50	+0.19	ZG	/balance-sheet <GO>
Piotroski F-Score Quality	8/9	9/9	-1.00	Z	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.8	50.9	-0.13	Z	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	0.88	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple ACTIVE	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$7.22B	$6.97B	$249.6M	ZG	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	ZG REV	Z REV	ZG GROSS %	Z GROSS %	ZG FCF	Z FCF
FY 2025	$2.58B	$2.58B	74.1%	74.1%	$235.0M	$235.0M
FY 2024	$2.24B	$2.24B	76.4%	76.4%	$285.0M	$285.0M
FY 2023	$1.95B	$1.95B	—	—	$354.0M	$266.5M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

ZG // BETA —

Z // BETA 0.88