A Business at a Glance
0 of 1 daily views used (1 remaining). Sign up free for +5 more daily views (6 total), or try AAPL for a full preview.
ETSY INC
ETSY
$9.5B
Mkt Cap
$80.62
-0.36%
ETSY INC (ETSY) has a current P/E ratio of 58.0, compared to its historical median P/E of 49.6. The stock is currently considered Fair based on its historical valuation range.
ETSY INC (ETSY) has a 5-year average return on invested capital (ROIC) of 36.0%. This indicates strong capital allocation and a potential competitive advantage.
ETSY INC (ETSY) has a market capitalization of $7.6B. It is classified as a mid-cap stock.
ETSY INC (ETSY) does not currently pay a regular dividend. However, the company returns capital to shareholders through share buybacks, with a buyback yield of 9.58%.
Based on historical P/E analysis, ETSY INC (ETSY) appears fair. The current P/E of 58.0 is 17% above its historical median of 49.6. The estimated fair value CAGR (P/E method) is 8.2%.
ETSY INC (ETSY) operates in the Services-Business Services, Nec industry, within the Industrials sector.
ETSY INC (ETSY) reported annual revenue of $2.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
ETSY INC operates in the Services-Business Services, Nec industry, Industrials sector. Full business description from SEC filing not yet available.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 2.9B | 2.9B | 2.8B | 2.7B | 2.6B | 2.3B |
| Net Income | 285M | 163M | 303M | 308M | -694M | 494M |
| EPS | $2.93 | $1.39 | $2.35 | $2.24 | $-5.48 | $3.40 |
| Free Cash Flow | 711M | 678M | 738M | 693M | 673M | 640M |
| ROIC | 73.8% | 44.0% | 49.3% | 79.8% | -29.9% | 36.9% |
| Gross Margin | 72.0% | 71.6% | 72.4% | 69.8% | 71.0% | 71.9% |
| Debt/Equity | 0.00 | -2.75 | -3.08 | -4.30 | -4.25 | 3.70 |
| Dividends/Share | $0.00 | - | - | - | - | - |
| Operating Income | 408M | 266M | 380M | 280M | -659M | 466M |
| Operating Margin | 14.3% | 9.2% | 13.5% | 10.2% | -25.7% | 20.0% |
| ROE | 0.0% | -17.6% | -46.6% | -56.4% | - | 72.0% |
| Shares Outstanding | 95M | 117M | 129M | 137M | 127M | 145M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 196M | 273M | 365M | 441M | 604M | 818M | 1.7B | 2.3B | 2.6B | 2.7B | 2.8B | 2.9B | 2.9B |
| Gross Margin | 62.4% | 64.5% | 66.2% | 65.8% | 68.4% | 66.9% | 73.1% | 71.9% | 71.0% | 69.8% | 72.4% | 71.6% | 72.0% |
| R&D | 37M | 43M | 55M | 75M | 97M | 122M | 180M | 272M | 412M | 469M | 443M | 450M | 439M |
| SG&A | 52M | 69M | 86M | 91M | 83M | 121M | 156M | 283M | 312M | 343M | 354M | 333M | 315M |
| EBIT | -6.3M | N/A | 18M | 12M | 75M | 89M | 424M | 466M | -659M | 280M | 380M | 266M | 408M |
| Op. Margin | -3.2% | N/A | 4.8% | 2.7% | 12.4% | 10.8% | 24.6% | 20.0% | -25.7% | 10.2% | 13.5% | 9.2% | 14.3% |
| Net Income | -15M | -54M | -30M | 82M | 77M | 96M | 349M | 494M | -694M | 308M | 303M | 163M | 285M |
| Net Margin | -7.8% | -19.8% | -8.2% | 18.5% | 12.8% | 11.7% | 20.2% | 21.2% | -27.1% | 11.2% | 10.8% | 5.7% | 9.9% |
| Non-Recurring | -79K | 11M | 11M | 13M | 113K | -1.7M | 795K | 0 | 1.0B | 24M | 0 | 97M | 97M |
| Returns on Capital | |||||||||||||
| ROIC | -42.9% | N/A | 35.0% | 22.0% | 18.7% | 22.0% | 70.5% | 36.9% | -29.9% | 79.8% | 49.3% | 44.0% | 73.8% |
| ROE | -42.9% | -27.2% | -8.9% | 22.0% | 19.4% | 23.7% | 60.8% | 72.0% | N/A | -56.4% | -46.6% | -17.6% | 0.0% |
| ROA | -12.4% | -13.5% | -5.3% | 13.8% | 10.3% | 7.8% | 17.7% | 15.8% | -21.5% | 11.6% | 11.9% | 6.2% | 10.6% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 12M | 33M | 48M | 69M | 199M | 207M | 679M | 652M | 684M | 706M | 752M | 693M | 725M |
| Free Cash Flow | 11M | 22M | 12M | 65M | 198M | 199M | 678M | 640M | 673M | 693M | 738M | 678M | 711M |
| Owner Earnings | -10M | 11M | 9.5M | 15M | 134M | 114M | 556M | 437M | 356M | 330M | 362M | 347M | 400M |
| CapEx | 1.3M | 11M | 36M | 3.9M | 1.0M | 7.5M | 1.4M | 11M | 10M | 13M | 14M | 15M | 14M |
| Maint. CapEx | 17M | 19M | 23M | 27M | 27M | 48M | 58M | 74M | 97M | 91M | 108M | 102M | 90M |
| Growth CapEx | 0 | 0 | 13M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| D&A | 17M | 19M | 23M | 27M | 27M | 48M | 58M | 74M | 97M | 91M | 108M | 102M | 90M |
| CapEx/OCF | N/A | 38.1% | 72.0% | 5.7% | 0.5% | 3.6% | 0.2% | 1.7% | 1.5% | 1.8% | 1.9% | 2.2% | 1.9% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 10M | 135M | 177M | 269M | 303M | 426M | 577M | 724M | 777M | 733M |
| Buyback Yield | N/A | N/A | N/A | 0.4% | 2.2% | 3.1% | 1.2% | 0.9% | 2.8% | 5.1% | 10.6% | 11.9% | 9.6% |
| Stock-Based Comp | 4.9M | 3.9M | 16M | 27M | 38M | 44M | 65M | 140M | 231M | 285M | 283M | 245M | 236M |
| Debt Repayment | 0 | 0 | 0 | 0 | 10.0M | 12M | 137M | 44M | 25K | 90K | 0 | 11M | 11M |
| Balance Sheet | |||||||||||||
| Net Debt | N/A | N/A | N/A | -656M | -715M | -95M | -1.9B | 691M | 649M | 1.2B | 1.3B | 1.4B | 1.6B |
| Cash & Equiv. | 70M | 271M | 182M | 315M | 367M | 443M | 1.2B | 780M | 921M | 914M | 811M | 1.4B | 1.4B |
| Long-Term Debt | N/A | N/A | N/A | 0 | 276M | 785M | 1.1B | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B | 2.3B |
| Debt/Equity | 1.47 | 0.67 | 0.69 | 0.00 | 0.69 | 2.02 | 1.47 | 3.70 | -4.25 | -4.30 | -3.08 | -2.75 | 0.00 |
| Interest Coverage | -15.6 | N/A | 2.4 | 1.1 | 3.4 | 3.6 | 10.1 | 47.1 | -46.5 | 19.9 | 77.2 | 14.4 | 14.4 |
| Equity | 67M | 330M | 345M | 397M | 401M | 407M | 742M | 629M | -547M | -544M | -759M | -1.1B | -1.1B |
| Total Assets | 246M | 553M | 581M | 606M | 902M | 1.5B | 2.4B | 3.8B | 2.6B | 2.7B | 2.4B | 2.8B | 2.7B |
| Total Liabilities | 99M | 223M | 236M | 209M | 501M | 1.1B | 1.7B | 3.2B | 3.2B | 3.2B | 3.2B | 3.9B | 3.8B |
| Intangibles | 5.4M | 2.9M | 7.5M | 4.1M | 35M | 199M | 187M | 607M | 535M | 457M | 414M | 297M | 13M |
| Retained Earnings | -32M | -86M | -116M | -96M | -153M | -227M | -147M | 72M | -1.0B | -1.4B | -1.8B | -2.4B | -2.5B |
| Working Capital | 86M | 279M | 287M | 337M | 568M | 733M | 1.4B | 726M | 882M | 860M | 663M | 597M | 862M |
| Current Assets | 127M | 359M | 371M | 439M | 680M | 921M | 1.9B | 1.3B | 1.5B | 1.6B | 1.3B | 2.0B | 2.1B |
| Current Liabilities | 41M | 80M | 84M | 102M | 112M | 189M | 455M | 616M | 632M | 711M | 665M | 1.4B | 1.3B |
| Per Share Data | |||||||||||||
| EPS | -0.21 | -0.59 | -0.26 | 0.68 | 0.61 | 0.76 | 2.69 | 3.40 | -5.48 | 2.24 | 2.35 | 1.39 | 2.93 |
| Owner EPS | -0.14 | 0.12 | 0.08 | 0.13 | 1.05 | 0.91 | 4.28 | 3.01 | 2.81 | 2.40 | 2.80 | 2.96 | 4.21 |
| Book Value | 0.92 | 3.61 | 3.00 | 3.30 | 3.16 | 3.22 | 5.72 | 4.33 | -4.32 | -3.96 | -5.88 | -9.37 | -11.98 |
| Cash Flow/Share | 0.17 | 0.36 | 0.42 | 0.57 | 1.57 | 1.64 | 5.23 | 4.49 | 5.40 | 5.14 | 5.83 | 5.91 | 3.95 |
| Dividends/Share | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.00 |
| Shares Out. | 72.6M | 91.6M | 115.0M | 120.2M | 127.0M | 126.2M | 129.8M | 145.1M | 126.7M | 137.3M | 129.1M | 117.3M | 94.9M |
| Valuation | |||||||||||||
| P/E Ratio | N/A | N/A | N/A | 30.4 | 77.5 | 59.2 | 66.2 | 65.2 | N/A | 36.6 | 22.4 | 40.1 | 27.5 |
| P/FCF | N/A | 35.4 | 113.9 | 38.1 | 30.3 | 28.5 | 34.1 | 50.3 | 22.7 | 16.2 | 9.2 | 9.6 | 10.8 |
| EV/EBIT | N/A | N/A | 62.3 | 180.7 | 75.7 | 63.8 | 53.1 | 71.9 | N/A | 44.3 | 21.2 | 29.7 | 22.5 |
| Price/Book | N/A | 2.4 | 4.0 | 6.3 | 15.0 | 14.0 | 31.1 | 51.2 | N/A | N/A | N/A | N/A | N/A |
| Price/Sales | N/A | 5.0 | 3.3 | 3.9 | 7.8 | 8.9 | 7.3 | 13.0 | 5.7 | 4.6 | 2.8 | 2.3 | 2.7 |
| FCF Yield | N/A | 2.8% | 0.9% | 2.6% | 3.3% | 3.5% | 2.9% | 2.0% | 4.4% | 6.2% | 10.9% | 10.4% | 9.3% |
| Market Cap | N/A | 781M | 1.4B | 2.5B | 6.0B | 5.7B | 23.1B | 32.2B | 15.3B | 11.2B | 6.8B | 6.5B | 7.6B |
| Avg. Price | N/A | 14.88 | 10.62 | 14.34 | 36.96 | 57.82 | 96.65 | 208.99 | 115.65 | 92.43 | 61.46 | 55.51 | 80.62 |
| Year-End Price | N/A | 8.52 | 11.87 | 20.65 | 47.29 | 44.98 | 178.12 | 221.73 | 120.40 | 81.92 | 52.71 | 55.75 | 80.62 |
ETSY INC passes 4 of 9 quality checks, suggesting mixed fundamentals.
ETSY INC trades at 58.0x trailing earnings, compared to its 15-year median P/E of 49.6x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.4x vs a median of 28.5x. The company's 5-year average ROIC is 36.0% with a gross margin of 71.4%. Total shareholder yield (buybacks) is 9.6%. At current prices, the estimated annualized return to fair value is +20.9%.
ETSY INC (ETSY) has a net profit margin of 5.7%. This is a modest margin.
ETSY INC (ETSY) generated $678 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
ETSY INC (ETSY) reported earnings per share (EPS) of $1.39 in its most recent fiscal year.
ETSY INC (ETSY) has a return on equity (ROE) of -17.6%. A negative ROE may indicate losses or negative equity.
ETSY INC (ETSY) has a 5-year average gross margin of 71.4%. This high margin suggests strong pricing power and a potential competitive moat.
The Ledger Terminal provides 13 years of financial data for ETSY INC (ETSY), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
ETSY INC (ETSY) has a book value per share of $-9.37, based on its most recent annual SEC filing.