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ZIFF DAVIS, INC.

ZD Clue Score35
United States Fiscal year ends December CIK 0001084048
$56.52 +1.09% Close, 9 Oct 2026
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Price $56.52 −50.36% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue874.3Operating income242.6Net income152.4EPS, diluted3.13Fiscal year 2017Revenue1,117.8 +27.9%Operating income245.7Net income139.4 −8.5%EPS, diluted2.83 −9.6%Fiscal year 2018Revenue1,207.3 +8.0%Operating income244.3Net income128.7 −7.7%EPS, diluted2.59 −8.5%Fiscal year 2019Revenue1,050.5 −13.0%Operating income88.2Net income218.8 +70.0%EPS, diluted4.39 +69.5%Fiscal year 2020Revenue1,158.8 +10.3%Operating income138.3Net income150.7 −31.1%EPS, diluted3.18 −27.6%Fiscal year 2021Revenue1,416.7 +22.3%Operating income167.3Net income496.7 +229.7%EPS, diluted10.37 +226.1%Fiscal year 2022Revenue1,391.0 −1.8%Operating income198.9Net income63.8 −87.2%EPS, diluted1.36 −86.9%Fiscal year 2023Revenue1,364.0 −1.9%Operating income132.6Net income41.5 −34.9%EPS, diluted0.89 −34.6%Fiscal year 2024Revenue1,401.7 +2.8%Operating income113.6Net income63.0 +51.9%EPS, diluted1.42 +59.6%Fiscal year 2025Revenue1,451.3 +3.5%Operating income183.1Net income47.4 −24.9%EPS, diluted1.15 −19.0%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 874.3 1,117.8 1,207.3 1,050.5 1,158.8 1,416.7 1,391.0 1,364.0 1,401.7 1,451.3
Growth +27.9% +8.0% −13.0% +10.3% +22.3% −1.8% −1.9% +2.8% +3.5%
Operating income 242.6 245.7 244.3 88.2 138.3 167.3 198.9 132.6 113.6 183.1
Net income 152.4 139.4 128.7 218.8 150.7 496.7 63.8 41.5 63.0 47.4
Growth −8.5% −7.7% +70.0% −31.1% +229.7% −87.2% −34.9% +51.9% −24.9%
EPS, diluted 3.13 2.83 2.59 4.39 3.18 10.37 1.36 0.89 1.42 1.15
Growth −9.6% −8.5% +69.5% −27.6% +226.1% −86.9% −34.6% +59.6% −19.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin83.2%Operating margin27.7%Net margin17.4%Free cash flow margin29.5%Fiscal year 2017Gross margin84.6%Operating margin22.0%Net margin12.5%Free cash flow margin20.1%Fiscal year 2018Gross margin83.3%Operating margin20.2%Net margin10.7%Free cash flow margin28.6%Fiscal year 2019Gross margin82.2%Operating margin8.4%Net margin20.8%Free cash flow margin32.6%Fiscal year 2020Gross margin84.6%Operating margin11.9%Net margin13.0%Free cash flow margin33.4%Fiscal year 2021Gross margin86.7%Operating margin11.8%Net margin35.1%Free cash flow margin28.4%Fiscal year 2022Operating margin14.3%Net margin4.6%Free cash flow margin16.6%Fiscal year 2023Operating margin9.7%Net margin3.0%Free cash flow margin15.5%Fiscal year 2024Operating margin8.1%Net margin4.5%Free cash flow margin20.2%Fiscal year 2025Operating margin12.6%Net margin3.3%Free cash flow margin19.8%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 83.2% 84.6% 83.3% 82.2% 84.6% 86.7% n/a n/a n/a n/a
Operating margin 27.7% 22.0% 20.2% 8.4% 11.9% 11.8% 14.3% 9.7% 8.1% 12.6%
Net margin 17.4% 12.5% 10.7% 20.8% 13.0% 35.1% 4.6% 3.0% 4.5% 3.3%
Free cash flow margin 29.5% 20.1% 28.6% 32.6% 33.4% 28.4% 16.6% 15.5% 20.2% 19.8%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow282.4Capital expenditure−24.7Free cash flow257.6Buybacks−56.5Dividends paid−65.8Fiscal year 2017Operating cash flow264.4Capital expenditure−39.6Free cash flow224.8 −12.7%Buybacks−9.9Dividends paid−73.5Fiscal year 2018Operating cash flow401.3Capital expenditure−56.4Free cash flow344.9 +53.4%Buybacks−47.1Dividends paid−82.6Fiscal year 2019Operating cash flow412.5Capital expenditure−70.6Free cash flow342.0 −0.9%Buybacks−20.8Dividends paid−43.9Fiscal year 2020Operating cash flow480.1Capital expenditure−92.6Free cash flow387.5 +13.3%Buybacks−275.7Dividends paid0.0Fiscal year 2021Operating cash flow516.5Capital expenditure−113.7Free cash flow402.8 +3.9%Buybacks−78.3Dividends paid0.0Fiscal year 2022Operating cash flow336.4Capital expenditure−106.2Free cash flow230.3 −42.8%Buybacks−78.3Fiscal year 2023Operating cash flow320.0Capital expenditure−108.7Free cash flow211.2 −8.3%Buybacks−108.5Fiscal year 2024Operating cash flow390.3Capital expenditure−106.6Free cash flow283.7 +34.3%Buybacks−185.2Fiscal year 2025Operating cash flow407.1Capital expenditure−119.2Free cash flow287.9 +1.5%Buybacks−173.8
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 282.4 264.4 401.3 412.5 480.1 516.5 336.4 320.0 390.3 407.1
Capital expenditure −24.7 −39.6 −56.4 −70.6 −92.6 −113.7 −106.2 −108.7 −106.6 −119.2
Free cash flow 257.6 224.8 344.9 342.0 387.5 402.8 230.3 211.2 283.7 287.9
Growth −12.7% +53.4% −0.9% +13.3% +3.9% −42.8% −8.3% +34.3% +1.5%
Buybacks −56.5 −9.9 −47.1 −20.8 −275.7 −78.3 −78.3 −108.5 −185.2 −173.8
Dividends paid −65.8 −73.5 −82.6 −43.9 0.0 0.0 n/a n/a n/a n/a

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash124.0Total debt601.7Net cash (debt)−477.8Shareholders’ equity914.5Debt to equity0.66Fiscal year 2017Cash350.9Total debt1,001.9Net cash (debt)−651.0Shareholders’ equity1,020.3Debt to equity0.98Fiscal year 2018Cash209.5Total debt1,013.1Net cash (debt)−803.7Shareholders’ equity1,035.7Debt to equity0.98Fiscal year 2019Cash575.6Total debt1,448.5Net cash (debt)−872.8Shareholders’ equity1,311.2Debt to equity1.10Fiscal year 2020Cash176.4Total debt1,579.0Net cash (debt)−1,402.6Shareholders’ equity1,211.0Debt to equity1.30Fiscal year 2021Cash694.8Total debt1,090.6Net cash (debt)−395.8Shareholders’ equity1,967.7Debt to equity0.55Fiscal year 2022Cash652.8Total debt999.1Net cash (debt)−346.3Shareholders’ equity1,892.6Debt to equity0.53Fiscal year 2023Cash737.6Total debt1,001.3Net cash (debt)−263.7Shareholders’ equity1,893.0Debt to equity0.53Fiscal year 2024Cash505.9Total debt864.3Net cash (debt)−358.4Shareholders’ equity1,810.9Debt to equity0.48Fiscal year 2025Cash607.0Total debt866.5Net cash (debt)−259.5Shareholders’ equity1,753.6Debt to equity0.49
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 124.0 350.9 209.5 575.6 176.4 694.8 652.8 737.6 505.9 607.0
Total debt 601.7 1,001.9 1,013.1 1,448.5 1,579.0 1,090.6 999.1 1,001.3 864.3 866.5
Net cash (debt) −477.8 −651.0 −803.7 −872.8 −1,402.6 −395.8 −346.3 −263.7 −358.4 −259.5
Shareholders’ equity 914.5 1,020.3 1,035.7 1,311.2 1,211.0 1,967.7 1,892.6 1,893.0 1,810.9 1,753.6
Debt to equity 0.66 0.98 0.98 1.10 1.30 0.55 0.53 0.53 0.48 0.49

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
83.2% 84.6% 83.3% 82.2% 84.6% 86.7% n/a n/a n/a n/a
27.7% 22.0% 20.2% 8.4% 11.9% 11.8% 14.3% 9.7% 8.1% 12.6%
24.2% 17.9% 14.7% 5.2% 6.8% 24.8% 9.4% 5.5% 6.6% 5.6%
17.4% 12.5% 10.7% 20.8% 13.0% 35.1% 4.6% 3.0% 4.5% 3.3%
29.5% 20.1% 28.6% 32.6% 33.4% 28.4% 16.6% 15.5% 20.2% 19.8%
Spending
4.4% 4.1% 4.0% 4.3% 4.9% 5.6% 5.3% 5.0% 4.8% 4.3%
27.4% 28.9% 31.1% 38.3% 36.1% 32.2% 13.1% 14.3% 14.5% 14.5%
2.8% 3.5% 4.7% 6.7% 8.0% 8.0% 7.6% 8.0% 7.6% 8.2%
27.9% 30.3% 25.2% 25.1% 48.9% −4.0% 44.2% 32.2% 44.4% 31.5%
Returns
16.7% 13.7% 12.4% 16.7% 12.4% 25.2% 3.4% 2.2% 3.5% 2.7%
7.4% 5.7% 5.0% 6.2% 4.1% 13.2% 1.8% 1.2% 1.7% 1.3%
Balance and payout
0.66 0.98 0.98 1.10 1.30 0.55 0.53 0.53 0.48 0.49
55.7% 58.4% 59.6% 62.6% 67.0% 47.8% 46.4% 45.5% 51.1% 52.1%
43.2% 52.7% 64.2% 20.1% 0.0% 0.0% n/a n/a n/a n/a
47.5% 37.1% 37.6% 18.9% 71.1% 19.4% 34.0% 51.4% 65.3% 60.4%