Zillow Group Inc Class C (Z) — Cash Flow Reinvestment Rate

Latest as of March 2026: 2.29x

Zillow Group Inc Class C (Z) has a Cash Flow Reinvestment Rate of 2.29x as of March 2026, reinvesting $454.00 Million (capex $34.00 Million plus investments $420.00 Million) from operating cash flow of $198.00 Million. Check Zillow Group Inc Class C cash earnings quality to evaluate the quality of earnings relative to operating cash generation.

Reinvestment Rate

2.29x
(Capex + Investments) / Operating CF

Total Reinvested

$454.00 Million
Capex + Investments

Operating Cash Flow

$198.00 Million
USD

Capital Expenditures

$34.00 Million
USD

Zillow Group Inc Class C Cash Flow Reinvestment Rate (2010–2025)

Historical reinvestment intensity for Zillow Group Inc Class C across 14 annual periods. Explore Z strategic capital deployment ratio to see how much of total assets are deployed in long-term investments.

Annual Cash Flow Reinvestment Rate for Zillow Group Inc Class C (2010–2025)

Year-by-year capital reinvestment analysis for Zillow Group Inc Class C. For live market cap and broader valuation context, see market cap of Zillow Group Inc Class C.

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2025 1.07x $394.00 Million $368.00 Million $133.00 Million ▼ -14.8%
2024 1.26x $538.00 Million $428.00 Million $143.00 Million ▲ +88.6%
2023 0.67x $236.00 Million $354.00 Million $165.00 Million ▲ +79.5%
2022 0.37x $1.67 Billion $4.50 Billion $140.00 Million ▼ -85.0%
2020 2.47x $1.05 Billion $424.20 Million $108.52 Million ▼ -98.3%
2018 147.40x $567.50 Million $3.85 Million $78.53 Million ▲ +15996.3%
2017 0.92x $236.44 Million $258.19 Million $78.64 Million ▼ -91.1%
2016 10.28x $88.88 Million $8.64 Million $71.72 Million ▼ -36.6%
2015 16.22x $367.51 Million $22.66 Million $68.11 Million ▲ +420.1%
2014 3.12x $141.94 Million $45.52 Million $44.24 Million ▲ +275.8%
2013 0.83x $25.97 Million $31.30 Million $25.97 Million ▲ +60.0%
2012 0.52x $16.75 Million $32.30 Million $16.75 Million ▼ -12.8%
2011 0.59x $8.82 Million $14.83 Million $8.82 Million ▼ -75.7%
2010 2.45x $5.53 Million $2.26 Million $5.53 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow