Stocktoria

ETSY INC ETSY

NYSE · stock · Services-Business Services, NEC · website · IPO 2015-04-16 · LEI

ETSY INC statistics & valuation

Market cap$7.4B
P / E45.4×
P / S2.6×
P / FCF10.9×
Net margin5.7%
FCF margin23.5%
Net debt$977.8M
Net debt / EBITDA2.7×
Enterprise value USD$8.4B
EV / EBITDA22.8×
Earnings yield EBIT/EV3.2%
Return on capital18.2%

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports.

Profitability & efficiency

Net margin (%)
-8.20% 18.50% 12.80% 11.70% 20.20% 21.20% -27.10% 11.20% 10.80% 5.70% 2016201720182019202020212022202320242025
Gross margin (%)
66.20% 65.80% 68.40% 66.90% 73.10% 71.90% 71.00% 69.80% 72.40% 71.60% 2016201720182019202020212022202320242025
Operating margin (%)
4.80% 2.70% 12.40% 10.80% 24.60% 20.00% -25.70% 10.20% 13.50% 9.20% 2016201720182019202020212022202320242025
Return on equity (%)
-8.70% 20.60% 19.30% 23.60% 47.00% 78.50% 2016201720182019202020212022202320242025
Shares outstanding
116.0M 122.3M 127.1M 125.7M 136.4M 146.7M 126.8M 140.1M 131.7M 124.1M 2016201720182019202020212022202320242025
Net debt ($)
-$315.4M -$90.5M $341.8M -$181.8M $1.50B $1.36B $1.37B $1.48B $977.8M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
-5.10% 13.50% 8.60% 6.20% 14.50% 12.90% -26.30% 11.50% 12.50% 5.80% 2016201720182019202020212022202320242025
Free cash flow margin (%)
3.30% 14.80% 32.80% 24.40% 39.30% 27.50% 26.20% 25.20% 26.30% 23.50% 2016201720182019202020212022202320242025
Debt / equity (×)
0.00× 0.69× 1.93× 1.43× 3.62× 2016201720182019202020212022202320242025
EPS ($)
-$0.26 $0.68 $0.61 $0.76 $2.69 $3.40 -$5.48 $2.24 $2.35 $1.39 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

ETSY INC trades at about 57.3× earnings — above its 10-year norm (10-year range 23.4×–89.6×, median 46.2×).

23.4× 89.6×

Shaded band = 10-year range (23.4×–89.6×); dot = today's 57.3×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin71.6%72.4%69.8%71.0%71.9%73.1%66.9%68.4%65.8%66.2%
Operating margin9.2%13.5%10.2%-25.7%20.0%24.6%10.8%12.4%2.7%4.8%
Net margin5.7%10.8%11.2%-27.1%21.2%20.2%11.7%12.8%18.5%-8.2%
FCF margin23.5%26.3%25.2%26.2%27.5%39.3%24.4%32.8%14.8%3.3%
Return on assets5.8%12.5%11.5%-26.3%12.9%14.5%6.2%8.6%13.5%-5.1%
Return on equity-14.8%-40.0%-56.6%126.9%78.5%47.0%23.6%19.3%20.6%-8.7%
Debt / equity-2.12×-3.02×-4.20×-4.17×3.62×1.43×1.93×0.69×0.00×—
Current ratio1.442.002.212.402.184.174.896.074.294.42

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.