ETSY INC (ETSY) Fundamental Analysis & Valuation

NYSE:ETSY • US29786A1060

56.4 USD
-0.23 (-0.41%)
At close: Mar 6, 2026
54.38 USD
-2.02 (-3.58%)
Pre-Market: 3/9/2026, 4:24:37 AM
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 an average financial health and profitability rating. ETSY is not valued too expensively and it also shows a decent growth rate.


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.
  • ETSY had positive earnings in 4 of the past 5 years.
  • Each year in the past 5 years ETSY had a positive operating cash flow.
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

  • ETSY has a better Return On Assets (5.76%) than 73.33% of its industry peers.
  • ETSY has a better Return On Invested Capital (12.18%) than 83.33% of its industry peers.
  • Measured over the past 3 years, the Average Return On Invested Capital for ETSY is above the industry average of 9.24%.
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

  • The Profit Margin of ETSY (5.65%) is comparable to the rest of the industry.
  • ETSY's Profit Margin has declined in the last couple of years.
  • ETSY has a better Operating Margin (12.76%) than 90.00% of its industry peers.
  • ETSY's Operating Margin has declined in the last couple of years.
  • ETSY has a Gross Margin of 71.64%. This is amongst the best in the industry. ETSY outperforms 90.00% of its industry peers.
  • In the last couple of years the Gross Margin of ETSY has remained more or less at the same level.
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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ROAROEROICOperating and Profit MarginShow most profitable peers

4

2. ETSY Health Analysis

2.1 Basic Checks

  • With a Return on Invested Capital (ROIC) well above the Cost of Capital (WACC), ETSY is creating value.
  • Compared to 1 year ago, ETSY has less shares outstanding
  • ETSY has less shares outstanding than it did 5 years ago.
  • Compared to 1 year ago, ETSY has a worse debt to assets ratio.
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 1.34, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • The Altman-Z score of ETSY (1.34) is worse than 60.00% of its industry peers.
  • The Debt to FCF ratio of ETSY is 4.82, which is a neutral value as it means it would take ETSY, 4.82 years of fcf income to pay off all of its debts.
  • ETSY has a Debt to FCF ratio of 4.82. This is in the better half of the industry: ETSY outperforms 63.33% of its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.82
Altman-Z 1.34
ROIC/WACC1.71
WACC7.13%
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

  • ETSY has a Current 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.
  • The Current ratio of ETSY (1.44) 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's Quick ratio of 1.44 is in line compared 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

  • ETSY shows a slight negative growth in Earnings Per Share. In the last year, the EPS has decreased by -3.38%.
  • ETSY shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.17% yearly.
  • Looking at the last year, ETSY shows a small growth in Revenue. The Revenue has grown by 2.68% in the last year.
  • 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 33.98% on average over the next years. This is a very strong growth
  • The Revenue is expected to grow by 2.43% on average over the next years.
EPS Next Y39.37%
EPS Next 2Y25.48%
EPS Next 3Y21.86%
EPS Next 5Y33.98%
Revenue Next Year-5.4%
Revenue Next 2Y-1.06%
Revenue Next 3Y0.66%
Revenue Next 5Y2.43%

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • 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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Find the best growth stocksShow best growing peers

5

4. ETSY Valuation Analysis

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 24.63, ETSY is valued on the expensive side.
  • Based on the Price/Earnings ratio, ETSY is valued a bit cheaper than the industry average as 63.33% of the companies are valued more expensively.
  • 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.
  • ETSY is valuated rather expensively with a Price/Forward Earnings ratio of 17.67.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ETSY is on the same level as its industry peers.
  • The average S&P500 Price/Forward Earnings ratio is at 24.60. ETSY is valued slightly cheaper when compared to this.
Industry RankSector Rank
PE 24.63
Fwd PE 17.67
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

  • Compared to the rest of the industry, the Enterprise Value to EBITDA ratio of ETSY indicates a somewhat cheap valuation: ETSY is cheaper than 66.67% of the companies listed in the same industry.
  • Based on the Price/Free Cash Flow ratio, ETSY is valued a bit cheaper than 76.67% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.5
EV/EBITDA 12.8
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 low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
  • The decent profitability rating of ETSY may justify a higher PE ratio.
  • A more expensive valuation may be justified as ETSY's earnings are expected to grow with 21.86% in the coming years.
PEG (NY)0.63
PEG (5Y)N/A
EPS Next 2Y25.48%
EPS Next 3Y21.86%

More info and screens

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

0

5. ETSY Dividend Analysis

5.1 Amount

  • ETSY does not give a dividend.
Industry RankSector Rank
Dividend Yield 0%

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Find the best dividend stocksShow peers with best dividend

ETSY Fundamentals: All Metrics, Ratios and Statistics

ETSY INC

NYSE:ETSY (3/6/2026, 8:14:34 PM)

Premarket: 54.38 -2.02 (-3.58%)

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 Owners120.78%
Inst Owner Change-9.52%
Ins Owners1.11%
Ins Owner Change0.23%
Market Cap5.43B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts69.23
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)-7.21%
PT rev (3m)-10.23%
EPS NQ rev (1m)37.55%
EPS NQ rev (3m)37.5%
EPS NY rev (1m)23.09%
EPS NY rev (3m)22.31%
Revenue NQ rev (1m)-6.85%
Revenue NQ rev (3m)-6.98%
Revenue NY rev (1m)-7.99%
Revenue NY rev (3m)-8.12%
Valuation
Industry RankSector Rank
PE 24.63
Fwd PE 17.67
P/S 1.88
P/FCF 8.5
P/OCF 7.83
P/B N/A
P/tB N/A
EV/EBITDA 12.8
EPS(TTM)2.29
EY4.06%
EPS(NY)3.19
Fwd EY5.66%
FCF(TTM)6.64
FCFY11.77%
OCF(TTM)7.2
OCFY12.77%
SpS29.96
BVpS-11.41
TBVpS-14.89
PEG (NY)0.63
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 1.34
F-Score5
WACC7.13%
ROIC/WACC1.71
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 Y39.37%
EPS Next 2Y25.48%
EPS Next 3Y21.86%
EPS Next 5Y33.98%
Revenue 1Y (TTM)2.68%
Revenue growth 3Y3.96%
Revenue growth 5Y10.81%
Sales Q2Q%3.46%
Revenue Next Year-5.4%
Revenue Next 2Y-1.06%
Revenue Next 3Y0.66%
Revenue Next 5Y2.43%
EBIT growth 1Y-3.23%
EBIT growth 3Y-1.63%
EBIT growth 5Y-2.8%
EBIT Next Year182.9%
EBIT Next 3Y45.79%
EBIT Next 5Y28.81%
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 5 / 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 3 / 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 39.37% in the next year.