Quality Investor

Kanzhun Limited

Rank #227Capital ReturnWatchlistCompare with other stocks

BZ · Nasdaq · Communication Services

Kanzhun Limited (BZ) — Rank #227 by gross profitability (GP/assets 0.29) · ROE 13.7% · Piotroski F-Score 6 / 9.

As-of 2026-10-30 · CIK 0001842827 · all metrics point-in-time as of the filing date.

About

Kanzhun Limited, together with its subsidiaries, operates an online recruitment platform in the People's Republic of China.

Show more

It offers job seeking services that allow job seekers to receive job recommendations, initiate direct chats, and deliver resumes upon mutual consent, as well as value-added tools. The company also provides direct recruitment services to enterprise users to post jobs, receive personalized candidate recommendations, engage in direct communication, and receive resumes upon mutual consent. In addition, it offers online recruitment services through BOSS Zhipin, a mobile app; and management consultancy and technical services.

Kanzhun Limited was founded in 2013 and is headquartered in Beijing, the People's Republic of China.

Industry
Internet Content & Information
Sector
Communication Services
State
E9
Filer Category
Large accelerated filer
Fiscal Year End
December 31

Company Snapshot

P/E and reverse DCF are the primary valuation lenses at this stage.

Market Cap

—

P/E (annual)

—

P/S (annual)

—

P/B

—

P/OCF (annual)

—

Shareholder Yield

—

Employees

5,219

Industry

Internet Content & Information

Exchange

Nasdaq

11/12

Flags passed

BZ passes 11/12 quality flags

1 caution to review

  • CAUTION
    Disclosure regression

    A previously-disclosed line item is no longer reported — worth checking the filing for why

  • PASS
    Gross margin holding
  • PASS
    Dilution within 2%
  • PASS
    FCF not negative from investment
  • PASS
    Revenue not declining
  • PASS
    Operating margin holding
  • PASS
    Free cash flow intact
  • PASS
    Passes safety gate
  • PASS
    Balance sheet stable
  • PASS
    No competitive retreat
  • PASS
    SBC not compressing margin
  • PASS
    No valuation convergence

Strengths Operating leverage expanding · Deferred revenue growing

A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.

Quality Profile

Profitability

1/1 pass
GP / assets
0.29
Return on equity
13.7%
Gross margin trend
PASS

Safety

1/1 pass
Balance-sheet safety
PASS
Debt / equity
0.22
Current ratio
4.66×
Net cash
$15.45B

Cash Flow

3/3 pass
Positive FCF
PASS
Cash-backed earnings
PASS
Accruals healthy
PASS
SBC / revenue
11.0%

Growth

2/2 pass
Revenue growth
12.4%
Piotroski F-Score
6 / 9
Share dilution
2.0%

FCF yield, shareholder yield, and buyback activity are the primary reads at this stage.

Profitability

Does it make money well?

No warning flags · GP/assets 0.29

Gross profitability (GP / assets)

0.29

Primary signal (Novy-Marx).

9th of 15 SIC 7370 peers

Return on equity

13.7%

Gross margin

85.1%

2nd of 15 SIC 7370 peers

Revenue growth (YoY)

12.4%

Gross margin improving

Margin trend vs prior year.

PASS

Operating Leverage

2022202320242025
Revenue vs COGS
Revenue vs OpEx
Op. Income vs Revenue

Growth

Revenue CAGR (3Y)

22.4%

Revenue CAGR (5Y)

33.6%

Earnings CAGR (3Y)

194.4%

FCF CAGR (3Y)

88.4%

Cash Flow Health

Is the cash real?

No warning flags · FCF 62% above net income

Free cash flow

$4.43B

Operating cash flow minus capex.

Positive free cash flow

PASS

FCF vs net income

62.1%

(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.

FCF not below net income

Fails when free cash flow is below net income (yellow flag).

PASS

Accruals healthy

Cash-backed earnings.

PASS

SBC / revenue

11.0%

Stock-based comp intensity.

Balance Sheet Strength

Can it survive a storm?

No warning flags · net cash $15.45B, F-Score 6/9

Balance-sheet safety

Composite anti-fragile check.

PASS

Debt / equity

0.22

3rd of 14 SIC 7370 peers (best = lowest)

Current ratio

4.66×

2nd of 15 SIC 7370 peers

Quick ratio

3.11×

Net cash

$15.45B

Cash & equivalents minus total debt.

Piotroski F-Score

6 / 9

Fundamental-strength score (0-9).

Valuation

Is the price reasonable?

No warning flags

Dividend safety

Composite score

3.0 / 5

Good
Payout ratio
20.2%5/5 Strong
FCF coverage
8.02×5/5 Strong
Dividend growth streak
0 yr0/5 Weak
Balance-sheet health
D/E 0.22 · IC N/A2/5 Fair

Capital allocation quality

Composite score

2.3 / 5

Fair
Share count trend
2.0%2/5 Fair
Buyback timing
N/AN/A
Dividend growth consistency(non-payer or broken streak)
0 yr0/5 Weak
Net debt trajectory(deleveraging)
17.7%5/5 Strong

Lifecycle Phase History

20202025
Hypergrowth
Value
Capital Return

Price History

BZ-58.4% · -16.1% CAGRSPY+82.9% · +12.8% CAGR