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ZoomInfo Technologies Inc. (GTM)

NEUTRAL
TechnologySoftware - ApplicationUnited States

Fundamental

62

Kurs

$3.83

Marktkapitalisierung

$1.16B

Teil 1 · Was das Unternehmen wert ist

Übersicht

ZoomInfo sells access to a database of business contacts, company information and buying-intent signals that sales, marketing and recruiting teams use to find and reach the right prospects. Rather than helping a company sell to consumers, its customers are the sales and marketing departments of other businesses looking for leads. It operates as one reportable segment: everything is variations on the same core product, from basic contact lookups to AI-assisted outreach and account-based marketing tools sold as add-on modules.

Wie das Geld verdient wird

Customers pay annual or multi-year subscription fees for seats and modules — Sales, Marketing, Operations, Talent — with the price scaling by number of users and which data and automation features are included. Growth comes less from finding brand-new customers and more from expanding what existing accounts already pay for: adding seats, upgrading modules, or moving from smaller downmarket contracts to larger upmarket ones. When customers shrink their teams or cut software budgets, seat counts and renewal size fall with them.

Wettbewerbsvorteil

Netzwerkeffekte · Schmal

ZoomInfo's database gets more useful as more customers and integrations feed data back into it, and switching a sales team's workflow to a new provider means re-training and re-verifying contact data from scratch. But the underlying business-contact data itself is not exclusive — LinkedIn, data brokers and large language models can all be assembled into a competing product, so the advantage is real but not unassailable.

Was die Nachfrage antreibt

Zyklisch

ZoomInfo sells to sales, marketing and recruiting teams, and spending on those functions is one of the first things companies cut when they pull back on growth — fewer sales reps means fewer seats needed. Net revenue retention below 100% in recent periods shows existing customers are already spending less on average, not just failing to grow.

Wichtigste Risiken

  • Customer growth and retention — The company depends on attracting new customers, renewing subscriptions and expanding usage at existing accounts; weaker economic conditions can cut spending on sales and marketing tools first.
  • Competition from data providers and AI platforms — Growing competition from other data vendors and large-language-model platforms could offer similar contact and intent data, eroding ZoomInfo's pricing power or market share.
  • Data privacy and AI regulation — Evolving privacy and AI-related laws could restrict how the company gathers, processes and sells contact and company data, a core part of its product.
  • Sensitivity to customer headcount — Because pricing scales with seats, when customers reduce sales, marketing or recruiting headcount, ZoomInfo's revenue from that account shrinks even if the customer relationship itself continues.

Die Argumente dafür

Buyers argue that a database built from years of aggregated contributions and integrations is hard for a new entrant to match quickly, and that AI-driven sales tools give ZoomInfo a chance to sell more modules into the same customer base rather than needing constant new logos.

Die Argumente dagegen

Sellers fear that falling net revenue retention shows existing customers are already spending less, that large language models could let competitors assemble comparable contact data more cheaply, and that revenue tied to sales and marketing headcount is exposed whenever customers tighten budgets.

Written by the editors, published on 18. August 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Bilanz & Liquidität

Umsatz

$1.26B

Letzte 12 Monate (bis 30.6.2026)

Nettogewinn

$-541M

Letzte 12 Monate (bis 30.6.2026)

Freier Cashflow

$389M

Gesamtes Eigenkapital

$1.51B

Gesamtverbindlichkeiten

$4.93B

Current Ratio

0.65

Zinsdeckungsgrad

8.80

Schulden/EBITDA

4.49

Gewinn je Aktie

Umsatz & Nettogewinn

Freier Cashflow

Ertragsaufschlüsselung

Historische Aufstellung

Margen im Zeitverlauf

Verschuldung im Zeitverlauf

Wie schwer die Schulden wiegen

Wachstumsraster

Wachstum — Umsatz

Innerer-Wert-Schätzung

Unterbewertet

Innerer Wert

$15.73

Aktueller Kurs

$3.83

Sicherheitsmarge

+75.6%

Innerer-Wert-Spanne

$10.23 - $21.24

Bewertungsmethoden

Analyst Target:$4.60
DCF:$29.65
PE-based:-
Graham Growth:-
EPV:-
Analystenkonsens:Halten (2B / 15H / 12S)
Letzte Gewinnüberraschung:+4.79%

Bewertungskennzahlen

P/E-Verhältnis

10.45

ROE

8.2%

P/B-Verhältnis

1.37

P/FCF

3.17

Bruttomarge

83.5%

ROIC

-6.9%

Rentabilitäts-Radar

Value Creation (Economic Moat)

ROIC

-6.9%

WACC

5.3%

ROIC − WACC

-12.2 pp

ROIC is below the cost of capital — the company is destroying value for every dollar invested.

Fundamentalanalyse-Kriterien

Bestanden (16)

  • EPS shows upward trend
  • Gross Margin 83.5%
  • P/FCF 3.17
  • P/B Ratio 1.37
  • Debt/Equity ratio
  • Positive Free Cash Flow
  • CapEx intensity
  • Interest Coverage
  • Debt/EBITDA
  • Price below Graham Number
  • DCF valuation (Undervalued)
  • ROE 8.0%
  • Revenue Growth 5Y 21.3%
  • Earnings Surprise avg 8.1%
  • Share Dilution -10.1%
  • Piotroski F-Score 7/9

Nicht bestanden (8)

  • Price CAGR -34.05%
  • ROIC -6.9%
  • Operating Margin -35.2%
  • Current Ratio
  • Return on Tangible Assets
  • Low reliance on intangibles
  • Analyst Consensus 7% Buy
  • Net Margin Trend -43.0% vs 7.3%

Nicht verfügbar (3)

  • Dividend Payout NaN%
  • PEG Ratio (need PE > 0 and growth > 0)
  • Earnings Quality (OCF/Net Income)

Piotroski F-Score

7/9

Starke finanzielle Gesundheit

score
criteria

Gewinnqualität

-

Niedrige Qualität: Rechnungslegung prüfen

Aktienverwässerung

-10.1%

Aktienrückkäufe. Aktionärsfreundlich

Unternehmensführung

Führungsteam

NamePositionAlter
Mr. Henry L. Schuck J.D.Co-Founder, Chairman of the Board & CEO41
Mr. Michael Graham O'BrienCFO & Interim PFO38
Ms. Ashley McGraneExecutive VP, Corporate Secretary & General Counsel41
Mr. James RothChief Revenue Officer38
Mr. Filip PopovicChief Technology Officer-
Jeremiah SisitskyVice President of Investor Relations-
Mr. Dennis SevillaChief Marketing Officer-
Mr. Chad HerringChief Human Resource Officer-
Mr. Andrew RiesenfeldSenior Vice President of Business Development-
Mr. Dominik FacherChief Product Officer-

Prüfungsrisiko

1

Vorstandsrisiko

7

Vergütungsrisiko

10

Aktionärsrechterisiko

8

Teil 2 · Der Preis und der Einstiegszeitpunkt

Dieser Teil sagt nicht, ob das Unternehmen etwas taugt: Er hilft bei der Wahl des Kaufzeitpunkts, nachdem die Fundamentaldaten überzeugt haben. Enthalten: technische Analyse, Potenzial, historische Drawdowns, Gamma-Exposure.

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