Ziff DAVIS, Inc. (ZD) intrinsic value & 10-year financials
Ziff DAVIS, Inc. (ZD) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 5.8% a year to $1.5B, with an average return on invested capital of 8.0%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $57.15
- Market cap
- $2.3B
- Revenue (FY2025)
- $1.5B
- Revenue growth (10-yr CAGR)
- 5.8%
- ROIC (10-yr avg)
- 8.0%
- Free cash flow (FY2025)
- $287.9M
ZD 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.5B | $47.4M | $1.15 | $287.9M | 12.6% | 5.6% |
| FY2024 | $1.4B | $63.0M | $1.42 | $283.7M | 8.1% | 3.1% |
| FY2023 | $1.4B | $41.5M | $0.89 | $211.2M | 9.7% | 3.8% |
| FY2022 | $1.4B | $63.8M | $1.36 | $230.3M | 14.3% | 4.4% |
| FY2021 | $1.4B | $496.7M | $10.37 | $402.8M | 11.8% | 6.6% |
| FY2020 | $1.5B | $150.7M | $3.18 | $387.5M | 22.5% | 9.3% |
| FY2019 | $1.4B | $218.8M | $4.39 | $342.0M | 20.2% | 13.4% |
| FY2018 | $1.2B | $128.7M | $2.59 | $344.9M | 20.2% | 10.3% |
| FY2017 | $1.1B | $139.4M | $2.83 | $224.8M | 22.0% | 11.2% |
| FY2016 | $874.3M | $152.4M | $3.13 | $257.6M | 27.7% | 12.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
ZIFF DAVIS, INC. has demonstrated mature, steady growth, with revenue compounding at 5.8% annually over the past decade.
ZIFF DAVIS, INC. returns on capital have been average, hovering around 8.0% ROIC over the decade.
Over the decade, ZIFF DAVIS, INC. shows that management has aggressively returned capital to shareholders by retiring 14.3% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, ZIFF DAVIS, INC. is modeled at -10.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-12.46 per share.