Is the business good?
How good a business is ZETA?
Zeta Global Holdings Corp. earns 0.26% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
0.26%
Return on invested capital · cost of capital 9.0% · 8.7 points below what the capital costs: growth destroys value
- Operating margin
- 0.18%
Operating margin · Software - Infrastructure median 6.1% · 12 months to Q1 2026
- Share count, year on year
- +12%
Share count, year on year · shareholders own a smaller slice than a year ago
- R&D as % of revenue
- 9.4%
R&D as % of revenue
| Year | Operating margin |
|---|---|
| FY2020 | −2.2% |
| FY2021 | −54% |
| FY2022 | −44% |
| FY2023 | −23% |
| FY2024 | −6.8% |
| FY2025 | 0.41% |
Details›
- Gross margin12 months to Q1 2026
- 60%
- Operating margin12 months to Q1 2026
- 0.18%
- Net margin12 months to Q1 2026
- −1.6%
- Free cash flow margin
- 14%
- R&D as % of revenue
- 9.4%
- Revenue, trailing twelve months
- $1.44B
- Free cash flow, trailing twelve months
- $200M
- Net income, trailing twelve months
- −$23M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 0.26%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Software - Infrastructure
Ranks #21 of 78 by Smart Score