ZDNasdaqTelegraph & Other Message CommunicationsFiscal year ends December 31
ZIFF DAVIS, INC.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$56.36−0.79 (-1.38%)
Close on Oct 19, 2026
- Market cap
- $2.05B
- P/E (TTM)
- 3.2
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
85.8%+1.2 pts over 5 years
Operating margin
12.6%+0.7 pts over 5 years
Net margin
3.3%−9.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +3.5% | +1.4% | +4.6% | +7.2% | |
| Gross profit | +3.6% | +1.0% | +4.9% | +7.6% | |
| Operating income | +61.1% | -2.7% | +5.8% | -0.8% | |
| Net income | -24.9% | -9.4% | -20.7% | -9.9% | |
| EPS, diluted | -19.0% | -5.4% | -18.4% | -8.3% | |
| Free cash flow | +1.5% | +7.7% | -5.8% | +3.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 16.9% | 11.9% | 2.7% | |
| Return on assets | 7.9% | 4.2% | 1.3% | |
| Current ratio | 0.77 | 0.71 | 1.27 | |
| Debt to equity | 0.66 | 1.30 | 0.49 | |
| Net debt to EBITDA | 1.31× | 3.82× | 0.71× | |
| Interest coverage | 5.7× | 2.4× | 4.9× | |
| Capex to revenue | 2.8% | 8.0% | 8.2% | |
| Diluted shares | 48M | 47M | 41M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Ziff Davis generated $1.97B from operations and spent $1.18B on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$1.97B
Used
$1.18B
Capital expenditure$554.46M47%Dividends$00%Share buybacks$624.12M53%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.3%
×Asset turnover0.39×
×Equity multiplier2.07×
=Return on equity, FY20252.7%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.3% | 0.39× | 2.07× | 2.7% |
| FY2024 | 4.5% | 0.39× | 1.94× | 3.4% |
| FY2023 | 3.0% | 0.39× | 1.85× | 2.2% |
| FY2022 | 4.6% | 0.38× | 1.89× | 3.3% |
| FY2021 | 35.1% | 0.38× | 2.34× | 31.3% |
| FY2020 | 13.0% | 0.32× | 2.84× | 11.9% |
| FY2019 | 20.8% | 0.35× | 2.58× | 18.6% |
| FY2018 | 10.7% | 0.48× | 2.44× | 12.5% |
| FY2017 | 12.5% | 0.50× | 2.33× | 14.4% |
| FY2016 | 17.4% | 0.45× | 2.13× | 16.9% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
6of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$47.35M
- Cash generatingOperating cash flow above zero$407.07M
- Return on assets improvedROA up on the prior year1.8% → 1.3%
- Earnings backed by cashOperating cash flow above net income$407.07M vs $47.35M
- Less leverageLong-term debt to assets fell23.3% → 19.6%
- Better liquidityCurrent ratio rose1.41 → 1.27
- No dilutionShare count did not rise45M → 41M
- Gross margin improvedGross margin up on the prior year85.71% → 85.76%
- More efficientAsset turnover rose0.40 → 0.39