Zeta Global Holdings Corp. (ZETA) Key Metrics
ZETA valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $7.93B
- Enterprise value
- $7.37B
- P/E (TTM)
- —
- Forward P/E
- 24.4
- PEG ratio
- 0.94
- Price / sales
- 5.0 10-yr median 3.3
- Price / book
- 8.1 10-yr median 7.7
- EV / EBITDA
- 98.0
- Dividend yield
- —
- Beta
- 1.39
ZETA key metrics, 2019–2025
Fiscal year ended December 31, 2025 · U.S. dollarsZETA valuation Price multiples at each fiscal year-end price.
ZETA returns How much profit the business earns on the capital it uses.
ZETA per-share figures Results divided by the shares outstanding at year-end.
ZETA financial health Debt, liquidity and how easily interest is covered.
ZETA efficiency & capital use Working capital cycle and where the cash goes.
ZETA valuation history
ZETA returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
ZETA debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
ZETA cash returned to shareholders
ZETA price vs earnings per share
ZETA key metrics
2019–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|---|---|
| Valuation | |||||||
| Market capitalization | $4.53B | $3.35B | $1.38B | $1.14B | $1.67B | — | — |
| Enterprise value | $4.40B | $3.18B | $1.43B | $1.20B | $1.81B | — | — |
| Price / sales | 3.5 | 3.3 | 1.9 | 1.9 | 3.6 | — | — |
| Price / book | 5.6 | 4.9 | 7.7 | 8.9 | 18.4 | — | — |
| Price / free cash flow | 24.5 | 36.3 | 25.3 | 28.9 | 95.0 | — | — |
| Price / operating cash flow | 22.8 | 25.0 | 15.3 | 14.5 | 37.6 | — | — |
| EV / sales | 3.4 | 3.2 | 2.0 | 2.0 | 3.9 | — | — |
| EV / EBITDA | 112.0 | — | — | — | — | — | — |
| EV / free cash flow | 23.8 | 34.5 | 26.3 | 30.5 | 103.2 | — | — |
| Earnings yield | −0.7% | −2.1% | −13.6% | −24.6% | −15.0% | — | — |
| Free cash flow yield | 4.1% | 2.8% | 3.9% | 3.5% | 1.1% | — | — |
| Dividend yield | — | — | 0.8% | 0.0% | 11.1% | — | — |
| Shareholder yield (dividends + buybacks) | 2.7% | 1.3% | 1.8% | 0.9% | 14.9% | — | — |
| Share price at fiscal year-end | $20.35 | $17.99 | $8.82 | $8.17 | $8.42 | — | — |
| Per share | |||||||
| Revenue per share | $5.87 | $5.41 | $4.65 | $4.25 | $2.32 | — | — |
| Earnings per share | −$0.14 | −$0.38 | −$1.20 | −$2.01 | −$1.26 | — | — |
| Operating cash flow per share | $0.89 | $0.72 | $0.58 | $0.56 | $0.22 | — | — |
| Free cash flow per share | $0.83 | $0.50 | $0.35 | $0.28 | $0.09 | — | — |
| Cash per share | $1.44 | $1.97 | $0.84 | $0.87 | $0.52 | — | — |
| Book value per share | $3.62 | $3.64 | $1.15 | $0.92 | $0.46 | — | — |
| Tangible book value per share | $0.12 | $1.11 | −$0.26 | −$0.62 | −$0.52 | — | — |
| Dividends per share | — | — | $0.07 | $0.00 | $0.93 | — | — |
| Capex per share | $0.06 | $0.22 | $0.23 | $0.28 | $0.14 | — | — |
| Debt per share | $0.89 | $1.06 | $1.18 | $1.32 | $1.25 | — | — |
| Shares outstanding | 222.4M | 186.0M | 156.7M | 139.0M | 197.8M | — | — |
| Change in shares outstanding | +19.6% | +18.7% | +12.7% | −29.7% | — | — | — |
| Returns & profitability | |||||||
| Return on equity (ROE) | −4.3% | −16.3% | −121.5% | −255.6% | — | — | — |
| Return on invested capital (ROIC) | 0.7% | −12.7% | −61.4% | −96.2% | −134.7% | −0.6% | −7.1% |
| Return on assets (ROA) | −2.4% | −8.2% | −35.9% | −63.7% | −72.6% | −17.5% | −12.0% |
| Return on tangible assets | −4.3% | −10.6% | −54.7% | −105.0% | −122.5% | −35.0% | −23.0% |
| Free cash flow margin | 14.2% | 9.2% | 7.5% | 6.6% | 3.8% | 2.8% | 2.6% |
| Financial health | |||||||
| Total debt | $197.1M | $196.3M | $184.1M | $184.0M | $247.6M | $189.7M | $183.1M |
| Cash & short-term investments | $319.8M | $366.2M | $131.7M | $121.1M | $103.9M | $50.7M | $37.5M |
| Net debt | −$122.7M | −$169.9M | $52.4M | $62.8M | $143.7M | $139.0M | $145.6M |
| Debt / equity | 0.24 | 0.29 | 1.02 | 1.44 | 2.74 | — | — |
| Debt / assets | 0.13 | 0.17 | 0.33 | 0.38 | 0.62 | 0.65 | 0.57 |
| Net debt / EBITDA | −3.12 | — | — | — | — | 34.61 | 11.77 |
| Current ratio | 1.60 | 3.09 | 1.76 | 1.84 | 1.85 | 1.36 | 1.37 |
| Quick ratio | 1.60 | 3.09 | 1.76 | 1.78 | 1.79 | 1.32 | 1.34 |
| Interest coverage | 14.5 | -8.4 | -15.1 | -35.4 | -34.9 | -0.0 | -0.7 |
| Working capital | $256.3M | $417.2M | $133.4M | $107.7M | $90.3M | $37.4M | $40.7M |
| Invested capital | $681.9M | $506.9M | $232.9M | $190.9M | $234.2M | $54.0M | $113.5M |
| Tangible asset value | $27.2M | $206.7M | −$41.3M | −$86.1M | −$103.0M | −$222.9M | −$184.9M |
| Net current asset value | −$13.2M | $162.2M | −$74.5M | −$115.5M | −$110.7M | −$233.4M | −$201.3M |
| Graham net-net per share | −$0.62 | $0.47 | −$0.80 | −$1.06 | −$0.69 | — | — |
| Capital allocation | |||||||
| Dividends paid | — | — | $11.2M | $199,000 | $184.3M | — | — |
| Share buybacks (net) | $121.0M | $42.2M | $13.4M | $9.6M | $64.5M | $0 | $0 |
| Dividends + buybacks / free cash flow | 65.4% | 45.8% | 45.3% | 25.0% | — | 0.0% | 0.0% |
| Capex / revenue | 1.1% | 4.2% | 4.9% | 6.6% | 5.8% | 6.8% | 7.4% |
| Capex / operating cash flow | 6.9% | 31.2% | 39.7% | 50.0% | 60.4% | 70.9% | 74.1% |
| Capex / depreciation | 0.19 | 0.74 | 0.70 | 0.76 | 0.58 | 0.63 | 0.66 |
| Stock-based compensation / revenue | 13.6% | 19.4% | 33.3% | 50.6% | 56.5% | 0.0% | 0.1% |
| R&D / revenue | 9.0% | 9.0% | 10.1% | 11.8% | 14.1% | 8.6% | 9.4% |
| SG&A / revenue | 43.9% | 51.6% | 67.8% | 86.8% | 91.4% | 40.2% | 46.7% |
| Efficiency | |||||||
| Days sales outstanding | 78.0 | 73.6 | 69.2 | 58.6 | 64.9 | 90.1 | 122.1 |
| Days of inventory on hand | — | — | — | 9.6 | 9.0 | 7.0 | 8.5 |
| Days payables outstanding | 29.8 | 43.0 | 54.5 | 37.8 | 51.9 | 74.9 | 92.1 |
| Cash conversion cycle (days) | 48.2 | 30.6 | 14.7 | 30.5 | 22.0 | 22.3 | 38.4 |
| Receivables turnover | 4.68 | 4.96 | 5.27 | 6.22 | 5.63 | 4.05 | 2.99 |
| Payables turnover | 12.26 | 8.50 | 6.70 | 9.66 | 7.04 | 4.88 | 3.96 |
| Inventory turnover | — | — | — | 37.87 | 40.59 | 52.08 | 43.16 |
| Asset turnover | 0.99 | 1.19 | 1.39 | 1.35 | 1.33 | 1.21 | 0.96 |
| Average receivables | $278.8M | $202.7M | $138.2M | $95.0M | $81.5M | $90.9M | $102.4M |
| Average payables | $41.9M | $53.6M | $48.6M | $27.7M | $31.3M | $38.8M | $36.5M |
| Average inventory | — | — | — | $7.1M | $5.4M | $3.6M | $3.4M |
| Intangibles / total assets | 51.7% | 41.6% | 39.3% | 44.6% | 48.7% | 47.6% | 47.7% |
Computed from ZETA's annual financial statements (latest annual report filed February 25, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
ZETA valuation and financial ratios
Zeta Global earned a return on equity of −4.3% and a return on invested capital of 0.7% in fiscal 2025. It ended the year with $197.1 million of debt and $319.8 million in cash and short-term investments, a net cash position of $122.7 million. It returned $121.0 million to shareholders: $0 in dividends and $121.0 million in share buybacks, 65% of free cash flow.
See the ZETA income statement, the ZETA chart for price history, or the ZETA stock overview for the latest quote and news.
ZETA key metrics FAQ
What is Zeta Global's EV/EBITDA?
Zeta Global's enterprise value was 112.0 times EBITDA at the end of fiscal 2025 (enterprise value $4.4 billion, EBITDA $39.3 million); the current EV/EBITDA is 98.0.
What is Zeta Global's return on equity?
Zeta Global's return on equity (ROE) was −4.3% in fiscal 2025: net income of -$31.5 million on average shareholders' equity of $740.7 million.
What is Zeta Global's ROIC?
Zeta Global's return on invested capital was 0.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Zeta Global have?
Zeta Global had total debt of $197.1 million at the end of fiscal 2025, a debt-to-equity ratio of 0.24 and more cash than debt.
Does Zeta Global buy back its shares?
Yes. Zeta Global spent $121.0 million on net share repurchases in fiscal 2025 Shares outstanding changed +19.6% over the year, to 222.4M..
What is Zeta Global's free cash flow yield?
Zeta Global generated $185.1 million of free cash flow in fiscal 2025, a free cash flow yield of 4.1% on its market value at year-end ($4.5 billion).
What is Zeta Global's current ratio?
Zeta Global's current ratio was 1.60 at the end of fiscal 2025: current assets were 1.60 times current liabilities.