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Ziff Davis, Inc. (ZD) 10-Year Financial Performance & Capital Metrics

ZD • • Industrial / General
Communication ServicesAdvertising & MarketingMarketing Technology & AnalyticsMarketing Analytics & Intelligence
AboutZiff Davis, Inc., together with its subsidiaries, provides internet information and services in the United States, Canada, Ireland, and internationally. It operates in two segments, Digital Media, and Cybersecurity and Martech. The Digital Media segment operates a portfolio of web properties and apps, which include IGN, RetailMeNot, Mashable, PCMag, Humble Bundle, Speedtest, Offers, Black Friday, MedPageToday, Everyday Health, BabyCenter, and What to Expect, among others in the technology, shopping, entertainment, and health and wellness markets. The Cybersecurity and Martech segment offers cloud-based subscription services to consumers and businesses, including cybersecurity, privacy, and marketing technology. The company was formerly known as j2 Global, Inc. and changed its name to Ziff Davis, Inc. in October 2021. Ziff Davis, Inc. was incorporated in 2014 and is headquartered in New York, New York.Show more
  • Revenue $1.4B +2.8%
  • EBITDA $326M -11.9%
  • Net Income $63M +51.9%
  • EPS (Diluted) 1.42 +59.6%
  • Gross Margin 85.71% -0.8%
  • EBITDA Margin 23.23% -14.3%
  • Operating Margin 8.11% -16.6%
  • Net Margin 4.5% +47.8%
  • ROE 3.4% +55.3%
  • ROIC 3.91% -13.5%
  • Debt/Equity 0.49 -6.6%
  • Interest Coverage 8.12 +22.7%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓FCF machine: 20.2% free cash flow margin
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Share count reduced 4.2% through buybacks
  • ✓Healthy 5Y average net margin of 12.0%
  • ✓Trading at only 0.9x book value

✗Weaknesses

  • ✗Weak 3Y average ROE of 3.0%
  • ✗Profits declining 22.0% over 5 years
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y8.87%
5Y0.43%
3Y-0.35%
TTM5.7%

Profit (Net Income) CAGR

10Y-6.64%
5Y-22.03%
3Y-49.74%
TTM78.05%

EPS CAGR

10Y-5.8%
5Y-20.21%
3Y-48.39%
TTM113.56%

ROCE

10Y Avg8.81%
5Y Avg5.01%
3Y Avg4.82%
Latest3.89%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
ZDZiff Davis, Inc.1.5B37.9526.732.76%7.62%6.17%18.92%0.49
ACCSACCESS Newswire Inc.37.8M9.77-3.46-5.97%-29.15%-17.3%6.73%0.66
TSQTownsquare Media, Inc.86.48M5.71-7.05-0.72%4.16%36.2%
INUVInuvo, Inc.44.11M3.02-7.3713.37%-4.44%-41.85%0.08
MCHXMarchex, Inc.68.29M1.74-15.82-3.58%-10.38%-15.11%0.04

Profit & Loss

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+720.82M874.25M1.12B1.21B1.37B1.16B1.42B1.39B1.36B1.4B
Revenue Growth %0.2%0.21%0.28%0.08%0.14%-0.16%0.22%-0.02%-0.02%0.03%
Cost of Goods Sold+122.96M147.1M172.31M201.07M237.32M178.4M188.05M184.55M185.65M200.32M
COGS % of Revenue0.17%0.17%0.15%0.17%0.17%0.15%0.13%0.13%0.14%0.14%
Gross Profit+597.86M727.15M945.52M1.01B1.13B980.43M1.23B1.21B1.18B1.2B
Gross Margin %0.83%0.83%0.85%0.83%0.83%0.85%0.87%0.87%0.86%0.86%
Gross Profit Growth %0.21%0.22%0.3%0.06%0.13%-0.14%0.25%-0.02%-0.02%0.02%
Operating Expenses+398.48M484.59M699.82M761.94M774.91M842.09M1.06B1.01B1.05B1.09B
OpEx % of Revenue0.55%0.55%0.63%0.63%0.56%0.73%0.75%0.72%0.77%0.78%
Selling, General & Admin364.15M446.54M653.81M713.57M803.25M784.94M949.83M672.65M683.09M723.15M
SG&A % of Revenue0.51%0.51%0.58%0.59%0.59%0.68%0.67%0.48%0.5%0.52%
Research & Development34.33M38.05M46M48.37M54.4M57.15M78.87M74.09M68.86M67.37M
R&D % of Revenue0.05%0.04%0.04%0.04%0.04%0.05%0.06%0.05%0.05%0.05%
Other Operating Expenses00000032.63M260.77M293.82M297.19M
Operating Income+199.38M242.57M245.71M244.28M277.08M138.34M167.34M198.94M132.61M113.65M
Operating Margin %0.28%0.28%0.22%0.2%0.2%0.12%0.12%0.14%0.1%0.08%
Operating Income Growth %0.07%0.22%0.01%-0.01%0.13%-0.5%0.21%0.19%-0.33%-0.14%
EBITDA+292.6M364.66M407.75M431.45M509.11M367.08M425.64M432.34M369.58M325.56M
EBITDA Margin %0.41%0.42%0.36%0.36%0.37%0.32%0.3%0.31%0.27%0.23%
EBITDA Growth %0.17%0.25%0.12%0.06%0.18%-0.28%0.16%0.02%-0.15%-0.12%
D&A (Non-Cash Add-back)93.21M122.09M162.04M187.17M232.03M228.74M258.3M233.4M236.97M211.92M
EBIT199.38M252.81M267.74M239.57M81.71M134.54M423.37M165M95M107.18M
Net Interest Income+-42.46M-41.37M-67.78M-61.99M-26.89M-56.19M-72.02M-33.84M-20.03M-13.99M
Interest Income0000000000
Interest Expense42.46M41.37M67.78M61.99M26.89M56.19M72.02M33.84M20.03M13.99M
Other Income/Expense-42.46M-31.13M-45.74M-66.69M-33.4M-71.33M219.86M-75.52M-66.97M-9.23M
Pretax Income+156.92M211.44M199.97M177.59M54.82M67.01M387.2M123.42M65.64M104.42M
Pretax Margin %0.22%0.24%0.18%0.15%0.04%0.06%0.27%0.09%0.05%0.07%
Income Tax+23.28M59M60.54M44.76M-19.38M38.35M-14.2M57.96M24.14M41.37M
Effective Tax Rate %0.85%0.72%0.7%0.72%3.99%2.25%1.28%0.52%0.63%0.6%
Net Income+133.64M152.44M139.43M128.69M218.81M150.67M496.71M63.76M41.5M63.05M
Net Margin %0.19%0.17%0.12%0.11%0.16%0.13%0.35%0.05%0.03%0.04%
Net Income Growth %0.07%0.14%-0.09%-0.08%0.7%-0.31%2.3%-0.87%-0.35%0.52%
Net Income (Continuing)133.64M152.44M139.43M128.69M218.97M28.66M401.39M65.47M41.5M63.05M
Discontinued Operations0000177.91M122.01M95.32M-1.71M00
Minority Interest0000000000
EPS (Diluted)+2.733.132.832.634.393.1810.331.360.891.42
EPS Growth %0.06%0.15%-0.1%-0.07%0.67%-0.28%2.25%-0.87%-0.35%0.6%
EPS (Basic)2.763.152.892.684.523.2410.781.360.891.42
Diluted Shares Outstanding48.09M47.96M48.67M48.93M49.03M47.12M47.86M47.03M46.46M44.52M
Basic Shares Outstanding47.63M47.67M47.59M47.95M47.65M46.31M45.89M46.95M46.4M44.46M
Dividend Payout Ratio0.44%0.43%0.53%0.63%0.2%-----

Balance Sheet

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+482.81M348M620.43M460.33M886.89M622.84M1.3B1.08B1.19B1.27B
Cash & Short-Term Investments335.19M124.01M350.94M209.47M575.62M177.1M924.04M711.21M764.72M505.88M
Cash Only255.53M123.95M350.94M209.47M575.62M176.44M694.84M652.79M737.61M505.88M
Short-Term Investments79.66M60K000663K229.2M58.42M27.11M0
Accounts Receivable114.68M199.87M234.19M221.62M261.93M309.55M316.34M304.74M337.7M660.22M
Days Sales Outstanding58.0783.4576.476769.6897.581.579.9690.37171.92
Inventory0000000000
Days Inventory Outstanding----------
Other Current Assets18.82M0029.24M084.03M068.32M88.57M105.97M
Total Non-Current Assets+1.31B1.71B1.83B2.1B2.62B3.04B2.47B2.45B2.28B2.43B
Property, Plant & Equipment57.44M68.09M79.77M98.81M253.64M211.66M161.21M178.18M188.17M197.22M
Fixed Asset Turnover12.55x12.84x14.01x12.22x5.41x5.48x8.79x7.81x7.25x7.11x
Goodwill807.66M1.12B1.2B1.38B1.63B1.52B1.53B1.59B1.55B1.58B
Intangible Assets352.64M511.69M485.75M526.47M556.55M696.86M572.73M462.81M325.41M57.4M
Long-Term Investments78.56M057.72M83.83M100.08M97.5M122.59M127.87M140.91M158.19M
Other Non-Current Assets6.54M6.45M-25.45M-58.03M15.68M499.28M75.71M80.13M70.75M431.71M
Total Assets+1.79B2.06B2.45B2.56B3.51B3.67B3.77B3.53B3.47B3.7B
Asset Turnover0.40x0.42x0.46x0.47x0.39x0.32x0.38x0.39x0.39x0.38x
Asset Growth %0.05%0.15%0.19%0.04%0.37%0.05%0.03%-0.06%-0.02%0.07%
Total Current Liabilities+196.66M454.09M265.1M307.32M833.1M882.55M497.24M432.45M431.83M899.65M
Accounts Payable114.38M178.07M169.84M166.52M238.06M197.85M130.98M120.83M123.26M164.35M
Days Payables Outstanding339.55441.85359.76302.28366.13404.8254.22238.98242.33299.46
Short-Term Debt0178.82M00385.53M396.8M54.61M008.67M
Deferred Revenue (Current)1000K1000K1000K1000K1000K1000K1000K1000K1000K1000K
Other Current Liabilities016.82M10K318K1.97M61.69M54.75M64.46M65.96M56.63M
Current Ratio2.46x0.77x2.34x1.50x1.06x0.71x2.62x2.51x2.76x1.41x
Quick Ratio2.46x0.77x2.34x1.50x1.06x0.71x2.62x2.51x2.76x1.41x
Cash Conversion Cycle----------
Total Non-Current Liabilities+706M693.7M1.17B1.22B1.36B1.57B1.31B1.21B1.15B993.8M
Long-Term Debt592.04M601.75M1B1.01B1.06B1.18B1.04B999.05M1B864.28M
Capital Lease Obligations148K000104.07M73.63M53.71M0021.8M
Deferred Tax Liabilities43.99M40.36M38.26M69.05M107.45M157.31M108.98M79.01M45.5M46.02M
Other Non-Current Liabilities54.15M50.01M127.43M122.39M74.35M144.4M91.76M121.05M91.21M56.2M
Total Liabilities902.66M1.15B1.43B1.53B2.19B2.45B1.8B1.64B1.58B1.89B
Total Debt+601.55M780.63M1B1.01B1.58B1.68B1.17B999.05M1B894.75M
Net Debt346.02M656.68M651M803.65M1B1.51B476.65M346.26M263.7M388.87M
Debt / Equity0.68x0.85x0.98x0.98x1.20x1.39x0.60x0.53x0.53x0.49x
Debt / EBITDA2.06x2.14x2.46x2.35x3.10x4.58x2.75x2.31x2.71x2.75x
Net Debt / EBITDA1.18x1.80x1.60x1.86x1.97x4.10x1.12x0.80x0.71x1.19x
Interest Coverage4.70x5.86x3.63x3.94x10.31x2.46x2.32x5.88x6.62x8.12x
Total Equity+890.21M914.54M1.02B1.04B1.31B1.21B1.97B1.89B1.89B1.81B
Equity Growth %0.08%0.03%0.12%0.02%0.27%-0.08%0.62%-0.04%0%-0.04%
Book Value per Share18.5119.0720.9621.1726.7525.7041.1140.2540.7440.68
Total Shareholders' Equity890.21M914.54M1.02B1.04B1.31B1.21B1.97B1.89B1.89B1.81B
Common Stock479K474K479K481K476K443K474K473K461K428K
Retained Earnings626.79M660.38M723.06M769.58M891.53M809.11M1.52B1.54B1.49B1.4B
Treasury Stock000-42.54M000000
Accumulated OCI-29.12M-54.65M-29.09M-45.98M-46.46M-54.81M-57.22M-85.37M-71.62M-82.47M
Minority Interest0000000000

Cash Flow

Dec 2015Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+229.06M282.39M264.42M401.32M412.54M480.08M516.54M336.44M319.96M390.31M
Operating CF Margin %0.32%0.32%0.24%0.33%0.3%0.41%0.36%0.24%0.23%0.28%
Operating CF Growth %0.3%0.23%-0.06%0.52%0.03%0.16%0.08%-0.35%-0.05%0.22%
Net Income133.64M152.44M139.43M128.69M218.81M150.67M496.71M65.45M41.5M63.05M
Depreciation & Amortization93.21M122.09M162.04M187.17M232.03M228.74M258.3M246.81M236.97M211.92M
Stock-Based Compensation11.79M13.65M22.74M28.09M23.92M24.01M25.25M031.92M40.91M
Deferred Taxes-17.08M-13.78M-26.04M25.05M-63.44M5.84M-13.43M-12.99M-30.02M-18.82M
Other Non-Cash Items12.15M14.03M8.29M58.17M59.21M89.85M-200.94M103.2M113.23M102.91M
Working Capital Changes-4.65M-6.04M-42.03M-25.85M-57.99M-19.02M-49.36M-66.02M-73.64M-9.65M
Change in Receivables-18.51M-30.69M-37.55M4.03M-30.68M-31.61M-18.05M14.95M-35.37M-153.12M
Change in Inventory8.58M22.49M28.69M-6.66M05.68M0000
Change in Payables8.76M6.36M-34.12M-35.22M-770K2.18M479K-37.57M9.42M171.28M
Cash from Investing+-335.7M-448.86M-158.49M-406.61M-505.27M-586.22M59.09M-220.77M-127.41M-297.45M
Capital Expenditures-18.75M-29.07M-41.84M-57.05M-70.59M-95.67M-113.74M-106.2M-108.73M-106.64M
CapEx % of Revenue0.03%0.03%0.04%0.05%0.05%0.08%0.08%0.08%0.08%0.08%
Acquisitions----------
Investments----------
Other Investing-62K156.58M56.06M-669K10.24M3.63M274.35M0-3.68M-565K
Cash from Financing+-67.36M41.15M111.82M-131.36M456.69M-234.63M-113.09M-140.83M-114.79M-320.99M
Debt Issued (Net)----------
Equity Issued (Net)----------
Dividends Paid-58.83M-65.83M-73.47M-81.68M-43.92M00000
Share Repurchases----------
Other Financing-9.82M163.48M-19.84M-1.02M-28.76M-58.58M-19.54M-17.5M-6.26M-824K
Net Change in Cash----------
Free Cash Flow+210.31M253.32M222.58M344.28M341.9M384.41M402.8M230.29M211.23M283.68M
FCF Margin %0.29%0.29%0.2%0.29%0.25%0.33%0.28%0.17%0.15%0.2%
FCF Growth %0.32%0.2%-0.12%0.55%-0.01%0.12%0.05%-0.43%-0.08%0.34%
FCF per Share4.375.284.577.046.978.168.424.904.556.37
FCF Conversion (FCF/Net Income)1.71x1.85x1.90x3.12x1.89x3.19x1.04x5.28x7.71x6.19x
Interest Paid0000000000
Taxes Paid0000000000

Key Ratios

Metric2015201620172018201920202021202220232024
Return on Equity (ROE)15.59%16.89%14.41%12.52%18.65%11.95%31.25%3.3%2.19%3.4%
Return on Invested Capital (ROIC)13.47%12.96%11.37%10.44%10%4.12%4.86%6.37%4.53%3.91%
Gross Margin82.94%83.17%84.59%83.35%82.7%84.6%86.73%86.73%86.39%85.71%
Net Margin18.54%17.44%12.47%10.66%15.95%13%35.06%4.58%3.04%4.5%
Debt / Equity0.68x0.85x0.98x0.98x1.20x1.39x0.60x0.53x0.53x0.49x
Interest Coverage4.70x5.86x3.63x3.94x10.31x2.46x2.32x5.88x6.62x8.12x
FCF Conversion1.71x1.85x1.90x3.12x1.89x3.19x1.04x5.28x7.71x6.19x
Revenue Growth20.33%21.29%27.86%8%13.65%-15.54%22.25%-1.82%-1.94%2.76%

Revenue by Segment

2015201620172018201920202021202220232024
Health and Wellness---------362.41M
Health and Wellness Growth----------
Technology and Shopping---------361.88M
Technology and Shopping Growth----------
Cybersecurity and Martech------348.61M312.63M291.21M283.5M
Cybersecurity and Martech Growth--------10.32%-6.85%-2.65%
Connectivity---------213.62M
Connectivity Growth----------
Gaming and Entertainment---------180.28M
Gaming and Entertainment Growth----------
Digital Media216.37M307.46M538.94M609.37M--1.07B1.08B1.07B-
Digital Media Growth-42.10%75.29%13.07%---0.92%-0.57%-
Fax and Martech-----386.28M----
Fax and Martech Growth----------
Voice, Backup, Security and CPP-----292.19M----
Voice, Backup, Security and CPP Growth----------
Corporate----8K-----
Corporate Growth----------
Intersegment Eliminations-197K-146K-57K-60K-300K-----
Intersegment Eliminations Growth-25.89%60.96%-5.26%-400.00%-----
Operatings---1.21B------
Operatings Growth----------
Business Cloud Services504.64M566.94M578.96M597.98M------
Business Cloud Services Growth-12.35%2.12%3.29%------
Fax and Email Marketing---360.48M------
Fax and Email Marketing Growth----------
Voice, Backup, and Security---237.5M------
Voice, Backup, and Security Growth----------
Corporate, Non-Segment---6K------
Corporate, Non-Segment Growth----------

Revenue by Geography

2015201620172018201920202021202220232024
UNITED STATES492.68M607.28M830.8M924.05M1.1B1.22B1.19B1.18B1.14B1.17B
UNITED STATES Growth-23.26%36.81%11.22%19.07%10.45%-2.31%-0.44%-3.73%2.44%
All Other Countries109.55M118.86M134.51M140.21M145.23M148.32M158.38M209.06M226.17M236.12M
All Other Countries Growth-8.49%13.17%4.24%3.58%2.13%6.78%32.00%8.18%4.40%
All Foreign Countries------229.51M---
All Foreign Countries Growth----------
IRELAND43.72M71.34M74.43M69.29M59.01M55.92M37.91M---
IRELAND Growth-63.19%4.33%-6.90%-14.84%-5.24%-32.21%---
CANADA74.86M76.78M78.1M73.74M67.52M70.07M33.23M---
CANADA Growth-2.55%1.72%-5.58%-8.44%3.78%-52.58%---

Frequently Asked Questions

Valuation & Price

Ziff Davis, Inc. (ZD) has a price-to-earnings (P/E) ratio of 26.7x. This suggests investors expect higher future growth.

Growth & Financials

Ziff Davis, Inc. (ZD) reported $1.46B in revenue for fiscal year 2024. This represents a 341% increase from $330.2M in 2011.

Ziff Davis, Inc. (ZD) grew revenue by 2.8% over the past year. Growth has been modest.

Yes, Ziff Davis, Inc. (ZD) is profitable, generating $111.1M in net income for fiscal year 2024 (4.5% net margin).

Dividend & Returns

Ziff Davis, Inc. (ZD) has a return on equity (ROE) of 3.4%. This is below average, suggesting room for improvement.

Ziff Davis, Inc. (ZD) generated $261.2M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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