ETSY INC (ETSY) Stock Fundamental Analysis

NYSE:ETSY • US29786A1060

54.46 USD
+0.49 (+0.91%)
At close: Mar 3, 2026
54.46 USD
0 (0%)
After Hours: 3/3/2026, 8:07:46 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

4

ETSY gets a fundamental rating of 4 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. While ETSY is still in line with the averages on profitability rating, there are concerns on its financial health. ETSY has a decent growth rate and is not valued too expensively.


Dividend Valuation Growth Profitability Health

6

1. Profitability

1.1 Basic Checks

  • ETSY had positive earnings in the past year.
  • In the past year ETSY had a positive cash flow from operations.
  • Of the past 5 years ETSY 4 years were profitable.
  • 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's Return On Assets of 5.76% is fine compared to the rest of the industry. ETSY outperforms 73.33% of its industry peers.
  • ETSY has a Return On Invested Capital of 12.18%. This is amongst the best in the industry. ETSY outperforms 83.33% of its industry peers.
  • ETSY had an Average Return On Invested Capital over the past 3 years of 13.54%. This is above the industry average of 9.25%.
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

  • Looking at the Profit Margin, with a value of 5.65%, ETSY is in line with its industry, outperforming 60.00% of the companies in the same industry.
  • ETSY's Profit Margin has declined in the last couple of years.
  • Looking at the Operating Margin, with a value of 12.76%, ETSY belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • ETSY's Operating Margin has declined in the last couple of years.
  • ETSY's Gross Margin of 71.64% is amongst the best of the industry. ETSY outperforms 86.67% 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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3

2. Health

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
  • The number of shares outstanding for ETSY has been reduced compared to 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 1.33, we must say that ETSY is in the distress zone and has some risk of bankruptcy.
  • ETSY has a Altman-Z score of 1.33. This is in the lower half of the industry: ETSY underperforms 60.00% of 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 1.33
ROIC/WACC1.67
WACC7.29%
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.
  • Looking at the Current ratio, with a value of 1.44, ETSY is in line with its industry, outperforming 50.00% of the companies in the same industry.
  • A Quick Ratio of 1.44 indicates that ETSY should not have too much problems paying its short term obligations.
  • Looking at the Quick ratio, with a value of 1.44, ETSY is in line with its industry, outperforming 56.67% of the companies in the same industry.
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. Growth

3.1 Past

  • The earnings per share for ETSY have decreased by -3.38% in the last year.
  • The Earnings Per Share has been decreasing by -3.17% on average over the past years.
  • ETSY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.68%.
  • Measured over the past years, ETSY shows a quite strong growth in Revenue. The Revenue has been growing by 10.81% on average per year.
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

  • Based on estimates for the next years, ETSY will show a very strong growth in Earnings Per Share. The EPS will grow by 29.65% on average per year.
  • The Revenue is expected to grow by 4.95% on average over the next years.
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

  • 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.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
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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5

4. Valuation

4.1 Price/Earnings Ratio

  • With a Price/Earnings ratio of 23.78, ETSY is valued on the expensive side.
  • 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.
  • ETSY's Price/Earnings ratio indicates a similar valuation than the S&P500 average which is at 26.83.
  • With a Price/Forward Earnings ratio of 21.00, ETSY is valued on the expensive side.
  • 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 (24.95), we can say ETSY is valued inline with the index average.
Industry RankSector Rank
PE 23.78
Fwd PE 21
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 66.67% of the companies are valued more expensively.
  • 83.33% of the companies in the same industry are more expensive than ETSY, based on the Price/Free Cash Flow ratio.
Industry RankSector Rank
P/FCF 8.42
EV/EBITDA 12.58
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 PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a correct valuation of the company.
  • The decent profitability rating of ETSY may justify a higher PE ratio.
  • ETSY's earnings are expected to grow with 41.42% in the coming years. This may justify a more expensive valuation.
PEG (NY)1.8
PEG (5Y)N/A
EPS Next 2Y15.81%
EPS Next 3Y41.42%

More info and screens

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

0

5. Dividend

5.1 Amount

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

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Find the best dividend stocksShow peers with best dividend

ETSY INC

NYSE:ETSY (3/3/2026, 8:07:46 PM)

After market: 54.46 0 (0%)

54.46

+0.49 (+0.91%)

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 Cap5.38B
Revenue(TTM)2.88B
Net Income(TTM)162.98M
Analysts68
Price Target63.26 (16.16%)
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 23.78
Fwd PE 21
P/S 1.86
P/FCF 8.42
P/OCF 7.75
P/B N/A
P/tB N/A
EV/EBITDA 12.58
EPS(TTM)2.29
EY4.2%
EPS(NY)2.59
Fwd EY4.76%
FCF(TTM)6.47
FCFY11.88%
OCF(TTM)7.02
OCFY12.9%
SpS29.21
BVpS-11.12
TBVpS-14.52
PEG (NY)1.8
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 1.33
F-Score5
WACC7.29%
ROIC/WACC1.67
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 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 13.22% in the next year.