COMP <GO>

Z vs V // FREE CASH FLOW YIELD

Zillow Group Inc. (NASDAQ) VS. Visa Inc. (NYSE) • 15-METRIC TALLY: Z 2 — V 8

▲ FREE CASH FLOW YIELD LEADER: Z

LAST: $30.99 (+0.72%) • MKT CAP: $6.97B

fcf-yield

3.37%

LAST: $410.54 (+2.48%) • MKT CAP: $733.53B

fcf-yield

2.90%

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

INSTITUTIONAL METRIC	Z	V	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	74.10%	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	-0.60%	32.30%	-32.90	V	/roic <GO>
EV/EBITDA & P/E Valuation	—	28.9x	—	TIE	/valuation <GO>
Free Cash Flow Yield ACTIVE	3.37%	2.90%	+0.47	Z	/fcf-yield <GO>
Operating Margin	-1.30%	60.00%	-61.30	V	/operating-margins <GO>
Net Profit Margin	0.90%	50.10%	-49.20	V	/net-margins <GO>
Revenue Growth (YoY)	15.50%	11.30%	+4.20	Z	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	0.63%	-0.63	V	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	5.50	9.09	-3.59	V	/balance-sheet <GO>
Piotroski F-Score Quality	9/9	9/9	0.00	TIE	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	50.9	65.6	-14.70	V	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	0.88	1.06	-0.18	V	/macro-sensitivity <GO>
Forward P/E Multiple	—	34.0x	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$6.97B	$733.53B	-$726.57B	V	/market-cap <GO>

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

FISCAL YEAR	Z REV	V REV	Z GROSS %	V GROSS %	Z FCF	V FCF
FY 2025	$2.58B	$40.00B	74.1%	—	$235.0M	$21.26B
FY 2024	$2.24B	$35.93B	76.4%	—	$285.0M	$18.33B
FY 2023	$1.95B	$32.65B	—	—	$266.5M	$19.29B

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

Z // BETA 0.88

V // BETA 1.06