ETSY INC (ETSY) Stock Fundamental Analysis

NYSE:ETSY • US29786A1060

52.18 USD
+4.04 (+8.39%)
At close: Feb 20, 2026
51.56 USD
-0.62 (-1.19%)
Pre-Market: 2/23/2026, 9:01:36 AM
Overview Stock Chart Technical Analysis Fundamental Analysis Analyst Ratings Earnings Estimates Financials Ownership News
Fundamental Rating

5

ETSY gets a fundamental rating of 5 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. ETSY has only an average score on both its financial health and profitability. ETSY has a valuation in line with the averages, but it does not seem to be growing.


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.
  • The reported net income has been mixed in the past 5 years: ETSY reported negative net income in multiple years.
  • Of the past 5 years ETSY 4 years 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 0 500M -500M

1.2 Ratios

  • ETSY has a better Return On Assets (6.87%) than 76.67% of its industry peers.
  • ETSY's Return On Invested Capital of 13.92% is amongst the best of the industry. ETSY outperforms 86.67% of its industry peers.
  • ETSY had an Average Return On Invested Capital over the past 3 years of 14.75%. This is significantly above the industry average of 9.24%.
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROIC 13.92%
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
ETSY Yearly ROA, ROE, ROICETSY Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100

1.3 Margins

  • Looking at the Profit Margin, with a value of 6.38%, 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.
  • ETSY has a Operating Margin of 13.79%. This is amongst the best in the industry. ETSY outperforms 90.00% of its industry peers.
  • ETSY's Operating Margin has improved in the last couple of years.
  • Looking at the Gross Margin, with a value of 72.04%, ETSY belongs to the top of the industry, outperforming 90.00% of the companies in the same industry.
  • ETSY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
OM growth 3Y-12.19%
OM growth 5Y4.53%
PM growth 3Y-20.12%
PM growth 5Y-1.62%
GM growth 3Y0.24%
GM growth 5Y1.6%
ETSY Yearly Profit, Operating, Gross MarginsETSY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

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ROAROEROICOperating and Profit MarginShow most profitable peers

5

2. Health

2.1 Basic Checks

  • The Return on Invested Capital (ROIC) is well above the Cost of Capital (WACC), so ETSY is creating value.
  • ETSY has no outstanding debt. Therefor its Debt/Equity and Debt/FCF ratios are 0 and belong to the best of the industry.
ETSY Yearly Shares OutstandingETSY Yearly Shares OutstandingYearly Shares Outstanding 2016 2017 2018 2019 2020 2021 2022 2023 2024 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 1B 2B 3B

2.2 Solvency

  • ETSY has an Altman-Z score of 1.69. This is a bad value and indicates that ETSY is not financially healthy and even has some risk of bankruptcy.
  • With a Altman-Z score value of 1.69, ETSY perfoms like the industry average, outperforming 53.33% of the companies in the same industry.
  • The Debt to FCF ratio of ETSY is 4.84, which is a neutral value as it means it would take ETSY, 4.84 years of fcf income to pay off all of its debts.
  • ETSY has a Debt to FCF ratio (4.84) which is in line with its industry peers.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Altman-Z 1.69
ROIC/WACC1.87
WACC7.43%
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 0 1B 2B

2.3 Liquidity

  • A Current Ratio of 3.17 indicates that ETSY has no problem at all paying its short term obligations.
  • Looking at the Current ratio, with a value of 3.17, ETSY belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
  • ETSY has a Quick Ratio of 3.17. This indicates that ETSY is financially healthy and has no problem in meeting its short term obligations.
  • ETSY's Quick ratio of 3.17 is amongst the best of the industry. ETSY outperforms 96.67% of its industry peers.
Industry RankSector Rank
Current Ratio 3.17
Quick Ratio 3.17
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 500M 1B 1.5B

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

3

3. Growth

3.1 Past

  • The earnings per share for ETSY have decreased by -3.38% in the last year.
  • ETSY shows a decrease in Earnings Per Share. Measured over the last years, the EPS has been decreasing by -3.17% yearly.
EPS 1Y (TTM)-3.38%
EPS 3YN/A
EPS 5Y-3.17%
EPS Q2Q%-10.68%
Revenue 1Y (TTM)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
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

  • 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.
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. Valuation

4.1 Price/Earnings Ratio

  • A Price/Earnings ratio of 22.79 indicates a rather expensive valuation of ETSY.
  • Compared to the rest of the industry, the Price/Earnings ratio of ETSY indicates a somewhat cheap valuation: ETSY is cheaper than 66.67% of the companies listed in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.99, ETSY is valued at the same level.
  • ETSY is valuated rather expensively with a Price/Forward Earnings ratio of 20.12.
  • ETSY's Price/Forward Earnings ratio is in line with the industry average.
  • Compared to an average S&P500 Price/Forward Earnings ratio of 28.02, ETSY is valued a bit cheaper.
Industry RankSector Rank
PE 22.79
Fwd PE 20.12
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

  • 63.33% of the companies in the same industry are more expensive than ETSY, based on the Enterprise Value to EBITDA ratio.
  • ETSY's Price/Free Cash Flow ratio is rather cheap when compared to the industry. ETSY is cheaper than 83.33% of the companies in the same industry.
Industry RankSector Rank
P/FCF 8.11
EV/EBITDA 13
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.
  • A more expensive valuation may be justified as ETSY's earnings are expected to grow with 41.42% in the coming years.
PEG (NY)1.72
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

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

More info and screens

Find the best dividend stocksShow peers with best dividend

ETSY INC

NYSE:ETSY (2/20/2026, 8:04:00 PM)

Premarket: 51.56 -0.62 (-1.19%)

52.18

+4.04 (+8.39%)

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-9.71%
Ins Owners1.06%
Ins Owner Change0.27%
Market Cap5.15B
Revenue(TTM)N/A
Net Income(TTM)182.15M
Analysts68
Price Target68.17 (30.64%)
Short Float %15.08%
Short Ratio4.35
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)1
Avg EPS beat(2)-12.69%
Min EPS beat(2)-42.84%
Max EPS beat(2)17.46%
EPS beat(4)2
Avg EPS beat(4)-6.27%
Min EPS beat(4)-42.84%
Max EPS beat(4)17.46%
EPS beat(8)2
Avg EPS beat(8)-9.59%
EPS beat(12)4
Avg EPS beat(12)-4.72%
EPS beat(16)6
Avg EPS beat(16)-131.87%
Revenue beat(2)2
Avg Revenue beat(2)1.66%
Min Revenue beat(2)1.44%
Max Revenue beat(2)1.89%
Revenue beat(4)2
Avg Revenue beat(4)-0.13%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)3
Avg Revenue beat(8)-0.29%
Revenue beat(12)5
Avg Revenue beat(12)0.07%
Revenue beat(16)8
Avg Revenue beat(16)0.54%
PT rev (1m)-0.9%
PT rev (3m)-4.13%
EPS NQ rev (1m)-1.13%
EPS NQ rev (3m)-1.75%
EPS NY rev (1m)0.35%
EPS NY rev (3m)-0.88%
Revenue NQ rev (1m)0.18%
Revenue NQ rev (3m)0.08%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.27%
Valuation
Industry RankSector Rank
PE 22.79
Fwd PE 20.12
P/S 1.8
P/FCF 8.11
P/OCF 7.45
P/B N/A
P/tB N/A
EV/EBITDA 13
EPS(TTM)2.29
EY4.39%
EPS(NY)2.59
Fwd EY4.97%
FCF(TTM)6.44
FCFY12.34%
OCF(TTM)7
OCFY13.42%
SpS28.91
BVpS-11.27
TBVpS-14.74
PEG (NY)1.72
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.87%
ROE N/A
ROCE 18.86%
ROIC 13.92%
ROICexc 50.15%
ROICexgc 122.39%
OM 13.79%
PM (TTM) 6.38%
GM 72.04%
FCFM 22.26%
ROA(3y)-0.78%
ROA(5y)5.01%
ROE(3y)N/A
ROE(5y)N/A
ROIC(3y)14.75%
ROIC(5y)14.2%
ROICexc(3y)35.74%
ROICexc(5y)46.84%
ROICexgc(3y)158.05%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.45%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.37%
OM growth 3Y-12.19%
OM growth 5Y4.53%
PM growth 3Y-20.12%
PM growth 5Y-1.62%
GM growth 3Y0.24%
GM growth 5Y1.6%
F-Score6
Asset Turnover1.08
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Debt/EBITDA 6.19
Cap/Depr 54.08%
Cap/Sales 1.96%
Interest Coverage 250
Cash Conversion 139.08%
Profit Quality 348.8%
Current Ratio 3.17
Quick Ratio 3.17
Altman-Z 1.69
F-Score6
WACC7.43%
ROIC/WACC1.87
Cap/Depr(3y)40.81%
Cap/Depr(5y)35.34%
Cap/Sales(3y)1.48%
Cap/Sales(5y)1.24%
Profit Quality(3y)N/A
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)N/A
Revenue growth 3YN/A
Revenue growth 5YN/A
Sales Q2Q%3.46%
Revenue Next Year2.89%
Revenue Next 2Y4.37%
Revenue Next 3Y5.17%
Revenue Next 5Y4.95%
EBIT growth 1Y7.23%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.77%
EBIT Next Year94.95%
EBIT Next 3Y28.29%
EBIT Next 5Y20.11%
FCF growth 1Y-5.07%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-1.55%
OCF growth 3Y4.92%
OCF growth 5Y29.46%

ETSY INC / ETSY FAQ

Can you provide the ChartMill fundamental rating for ETSY INC?

ChartMill assigns a fundamental rating of 5 / 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 7 / 10.


Can you provide the financial health for ETSY stock?

The financial health rating of ETSY INC (ETSY) is 5 / 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.