ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

56.4 USD
-0.23 (-0.41%)
At close: Mar 6, 2026
56.4 USD
0 (0%)
After Hours: 3/6/2026, 7:00:00 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This ETSY fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

4

We assign a fundamental rating of 4 out of 10 to ETSY. ETSY was compared to 30 industry peers in the Broadline Retail industry. ETSY has only an average score on both its financial health and profitability. ETSY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. ETSY Profitability Analysis

1.1 Basic Checks

  • In the past year ETSY was profitable.
  • In the past year ETSY had a positive cash flow from operations.
  • Of the past 5 years ETSY 4 years were profitable.
  • In the past 5 years ETSY always reported a positive cash flow from operatings.
ETSY Yearly Net Income VS EBIT VS OCF VS FCFETSY Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 500M -500M

1.2 Ratios

  • Looking at the Return On Assets, with a value of 5.76%, ETSY is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
  • Looking at the Return On Invested Capital, with a value of 12.18%, ETSY belongs to the top of the industry, outperforming 83.33% of the companies in the same industry.
  • Measured over the past 3 years, the Average Return On Invested Capital for ETSY is above the industry average of 9.19%.
Industry RankSector Rank
ROA 5.76%
ROE N/A
ROIC 12.18%
ROA(3y)9.92%
ROA(5y)3.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.54%
ROIC(5y)12.85%
ETSY Yearly ROA, ROE, ROICETSY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 100

1.3 Margins

  • ETSY has a Profit Margin (5.65%) which is comparable to the rest of the industry.
  • In the last couple of years the Profit Margin of ETSY has declined.
  • ETSY has a better Operating Margin (12.76%) than 90.00% of its industry peers.
  • In the last couple of years the Operating Margin of ETSY has declined.
  • With an excellent Gross Margin value of 71.64%, ETSY belongs to the best of the industry, outperforming 86.67% of the companies in the same industry.
  • ETSY's Gross Margin has been stable in the last couple of years.
Industry RankSector Rank
OM 12.76%
PM (TTM) 5.65%
GM 71.64%
OM growth 3Y-5.38%
OM growth 5Y-12.28%
PM growth 3YN/A
PM growth 5Y-22.52%
GM growth 3Y0.31%
GM growth 5Y-0.39%
ETSY Yearly Profit, Operating, Gross MarginsETSY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 20 -20 40 60

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4

2. ETSY Health Analysis

2.1 Basic Checks

  • ETSY has a Return on Invested Capital (ROIC), which is well above the Cost of Capital (WACC), which means it is creating value.
  • ETSY has less shares outstanding than it did 1 year ago.
  • Compared to 5 years ago, ETSY has less shares outstanding
  • ETSY has a worse debt/assets ratio than last year.
ETSY Yearly Shares OutstandingETSY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M 80M 100M
ETSY Yearly Total Debt VS Total AssetsETSY Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B

2.2 Solvency

  • Based on the Altman-Z score of 1.37, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • ETSY has a Altman-Z score (1.37) which is in line with its industry peers.
  • ETSY has a debt to FCF ratio of 4.82. This is a neutral value as ETSY would need 4.82 years to pay back of all of its debts.
  • ETSY's Debt to FCF ratio of 4.82 is in line compared to the rest of the industry. ETSY outperforms 60.00% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.37
ROIC/WACC1.65
WACC7.39%
ETSY Yearly LT Debt VS Equity VS FCFETSY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 1B -1B 2B

2.3 Liquidity

  • A Current Ratio of 1.44 indicates that ETSY should not have too much problems paying its short term obligations.
  • ETSY has a Current ratio (1.44) which is comparable to the rest of the industry.
  • ETSY has a Quick Ratio of 1.44. This is a normal value and indicates that ETSY is financially healthy and should not expect problems in meeting its short term obligations.
  • ETSY has a Quick ratio of 1.44. This is comparable to the rest of the industry: ETSY outperforms 56.67% of its industry peers.
Industry RankSector Rank
Current Ratio 1.44
Quick Ratio 1.44
ETSY Yearly Current Assets VS Current LiabilitesETSY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

4

3. ETSY Growth Analysis

3.1 Past

  • The earnings per share for ETSY have decreased by -3.38% in the last year.
  • Measured over the past years, ETSY shows a decrease in Earnings Per Share. The EPS has been decreasing by -3.17% on average per year.
  • ETSY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.68%.
  • The Revenue has been growing by 10.81% on average over the past years. This is quite good.
EPS 1Y (TTM)-3.38%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%-10.68%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%3.46%

3.2 Future

  • The Earnings Per Share is expected to grow by 29.65% on average over the next years. This is a very strong growth
  • Based on estimates for the next years, ETSY will show a small growth in Revenue. The Revenue will grow by 4.95% on average per year.
EPS Next Y13.22%
EPS Next 2Y15.81%
EPS Next 3Y41.42%
EPS Next 5Y29.65%
Revenue Next Year2.89%
Revenue Next 2Y4.37%
Revenue Next 3Y5.17%
Revenue Next 5Y4.95%

3.3 Evolution

  • The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
  • The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
ETSY Yearly Revenue VS EstimatesETSY Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2017 2019 2021 2023 2025 2027 2029 2031 2033 1B 2B 3B 4B 5B
ETSY Yearly EPS VS EstimatesETSY Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 0 5 -5

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4

4. ETSY Valuation Analysis

4.1 Price/Earnings Ratio

  • ETSY is valuated rather expensively with a Price/Earnings ratio of 24.63.
  • ETSY's Price/Earnings ratio is a bit cheaper when compared to the industry. ETSY is cheaper than 63.33% of the companies in the same industry.
  • When comparing the Price/Earnings ratio of ETSY to the average of the S&P500 Index (26.29), we can say ETSY is valued inline with the index average.
  • A Price/Forward Earnings ratio of 21.75 indicates a rather expensive valuation of ETSY.
  • ETSY's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of ETSY to the average of the S&P500 Index (24.57), we can say ETSY is valued inline with the index average.
Industry RankSector Rank
PE 24.63
Fwd PE 21.75
ETSY Price Earnings VS Forward Price EarningsETSY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ETSY is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
  • Based on the Price/Free Cash Flow ratio, ETSY is valued a bit cheaper than the industry average as 76.67% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 8.72
EV/EBITDA 13.14
ETSY Per share dataETSY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • ETSY has a very decent profitability rating, which may justify a higher PE ratio.
  • A more expensive valuation may be justified as ETSY's earnings are expected to grow with 41.42% in the coming years.
PEG (NY)1.86
PEG (5Y)N/A
EPS Next 2Y15.81%
EPS Next 3Y41.42%

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Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

0

5. ETSY Dividend Analysis

5.1 Amount

  • No dividends for ETSY!.
Industry RankSector Rank
Dividend Yield 0%

More info and screens

Find the best dividend stocksShow peers with best dividend

ETSY Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

NYSE:ETSY (3/6/2026, 7:00:00 PM)

After market: 56.4 0 (0%)

56.4

-0.23 (-0.41%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)02-19
Earnings (Next)04-28
Inst Owners127.45%
Inst Owner Change-9.34%
Ins Owners1.06%
Ins Owner Change0.23%
Market Cap5.57B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts68
Price Target63.26 (12.16%)
Short Float %15.06%
Short Ratio3.8
Dividend
Industry RankSector Rank
Dividend Yield 0%
Yearly DividendN/A
Dividend Growth(5Y)N/A
DPN/A
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)12.31%
Min EPS beat(2)7.17%
Max EPS beat(2)17.46%
EPS beat(4)2
Avg EPS beat(4)-6.51%
Min EPS beat(4)-42.84%
Max EPS beat(4)17.46%
EPS beat(8)3
Avg EPS beat(8)-5.99%
EPS beat(12)5
Avg EPS beat(12)-3.62%
EPS beat(16)6
Avg EPS beat(16)-133.74%
Revenue beat(2)1
Avg Revenue beat(2)-0.44%
Min Revenue beat(2)-2.32%
Max Revenue beat(2)1.44%
Revenue beat(4)2
Avg Revenue beat(4)0.09%
Min Revenue beat(4)-2.32%
Max Revenue beat(4)1.89%
Revenue beat(8)3
Avg Revenue beat(8)-0.55%
Revenue beat(12)4
Avg Revenue beat(12)-0.56%
Revenue beat(16)7
Avg Revenue beat(16)0.23%
PT rev (1m)-8.05%
PT rev (3m)-11.04%
EPS NQ rev (1m)42.5%
EPS NQ rev (3m)42.45%
EPS NY rev (1m)-0.28%
EPS NY rev (3m)-7.93%
Revenue NQ rev (1m)-6.18%
Revenue NQ rev (3m)-6.31%
Revenue NY rev (1m)0.03%
Revenue NY rev (3m)0.5%
Valuation
Industry RankSector Rank
PE 24.63
Fwd PE 21.75
P/S 1.93
P/FCF 8.72
P/OCF 8.03
P/B N/A
P/tB N/A
EV/EBITDA 13.14
EPS(TTM)2.29
EY4.06%
EPS(NY)2.59
Fwd EY4.6%
FCF(TTM)6.47
FCFY11.47%
OCF(TTM)7.02
OCFY12.46%
SpS29.21
BVpS-11.12
TBVpS-14.52
PEG (NY)1.86
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 5.76%
ROE N/A
ROCE 25.14%
ROIC 12.18%
ROICexc 52.23%
ROICexgc 163.61%
OM 12.76%
PM (TTM) 5.65%
GM 71.64%
FCFM 22.15%
ROA(3y)9.92%
ROA(5y)3.26%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)13.54%
ROIC(5y)12.85%
ROICexc(3y)40.44%
ROICexc(5y)33.69%
ROICexgc(3y)147.39%
ROICexgc(5y)148.29%
ROCE(3y)21.93%
ROCE(5y)19.91%
ROICexgc growth 3Y-1.4%
ROICexgc growth 5YN/A
ROICexc growth 3Y17.12%
ROICexc growth 5Y-13.15%
OM growth 3Y-5.38%
OM growth 5Y-12.28%
PM growth 3YN/A
PM growth 5Y-22.52%
GM growth 3Y0.31%
GM growth 5Y-0.39%
F-Score5
Asset Turnover1.02
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Debt/EBITDA 6.55
Cap/Depr 53.67%
Cap/Sales 1.9%
Interest Coverage 30.07
Cash Conversion 147.61%
Profit Quality 391.91%
Current Ratio 1.44
Quick Ratio 1.44
Altman-Z 1.37
F-Score5
WACC7.39%
ROIC/WACC1.65
Cap/Depr(3y)45.87%
Cap/Depr(5y)43.33%
Cap/Sales(3y)1.63%
Cap/Sales(5y)1.53%
Profit Quality(3y)280.7%
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)-3.38%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%-10.68%
EPS Next Y13.22%
EPS Next 2Y15.81%
EPS Next 3Y41.42%
EPS Next 5Y29.65%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%3.46%
Revenue Next Year2.89%
Revenue Next 2Y4.37%
Revenue Next 3Y5.17%
Revenue Next 5Y4.95%
EBIT growth 1Y-3.23%
EBIT growth 3Y-1.63%
EBIT growth 5Y-2.8%
EBIT Next Year176.88%
EBIT Next 3Y45.71%
EBIT Next 5Y28.93%
FCF growth 1Y-9.9%
FCF growth 3Y-0.4%
FCF growth 5Y-0.98%
OCF growth 1Y-7.85%
OCF growth 3Y0.48%
OCF growth 5Y0.42%

ETSY INC / ETSY FAQ

Can you provide the ChartMill fundamental rating for ETSY INC?

ChartMill assigns a fundamental rating of 4 / 10 to ETSY.


Can you provide the valuation status for ETSY INC?

ChartMill assigns a valuation rating of 4 / 10 to ETSY INC (ETSY). This can be considered as Fairly Valued.


How profitable is ETSY INC (ETSY) stock?

ETSY INC (ETSY) has a profitability rating of 6 / 10.


Can you provide the financial health for ETSY stock?

The financial health rating of ETSY INC (ETSY) is 4 / 10.


Can you provide the expected EPS growth for ETSY stock?

The Earnings per Share (EPS) of ETSY INC (ETSY) is expected to grow by 13.22% in the next year.