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ETSY INC (ETSY) Stock Fundamental Analysis

USA - NYSE:ETSY - US29786A1060 - Common Stock

73.9 USD
+0.02 (+0.03%)
Last: 10/24/2025, 8:21:33 PM
74.4 USD
+0.5 (+0.68%)
After Hours: 10/24/2025, 8:21:33 PM
Fundamental Rating

6

ETSY gets a fundamental rating of 6 out of 10. The analysis compared the fundamentals against 30 industry peers in the Broadline Retail industry. ETSY has an excellent profitability rating, but there are some minor concerns on its financial health. ETSY has a correct valuation and a medium growth rate.


Dividend Valuation Growth Profitability Health

7

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.
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 500M -500M

1.2 Ratios

Looking at the Return On Assets, with a value of 6.41%, ETSY is in the better half of the industry, outperforming 73.33% of the companies in the same industry.
ETSY has a Return On Invested Capital of 14.18%. This is amongst the best in the industry. ETSY outperforms 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 10.42%.
Industry RankSector Rank
ROA 6.41%
ROE N/A
ROIC 14.18%
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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50 -50 100

1.3 Margins

The Profit Margin of ETSY (5.78%) is better than 66.67% of its industry peers.
In the last couple of years the Profit Margin of ETSY has declined.
ETSY has a better Operating Margin (14.01%) than 86.67% of its industry peers.
In the last couple of years the Operating Margin of ETSY has grown nicely.
The Gross Margin of ETSY (72.20%) is better than 93.33% of its industry peers.
ETSY's Gross Margin has improved in the last couple of years.
Industry RankSector Rank
OM 14.01%
PM (TTM) 5.78%
GM 72.2%
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 5Y1.61%
ETSY Yearly Profit, Operating, Gross MarginsETSY Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 60

6

2. Health

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.
The number of shares outstanding for ETSY has been reduced compared to 5 years ago.
The debt/assets ratio for ETSY is higher compared to a year ago.
ETSY Yearly Shares OutstandingETSY Yearly Shares OutstandingYearly Shares Outstanding 2015 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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1B 2B 3B

2.2 Solvency

An Altman-Z score of 2.08 indicates that ETSY is not a great score, but indicates only limited risk for bankruptcy at the moment.
ETSY has a Altman-Z score of 2.08. This is comparable to the rest of the industry: ETSY outperforms 53.33% of its industry peers.
The Debt to FCF ratio of ETSY is 4.85, which is a neutral value as it means it would take ETSY, 4.85 years of fcf income to pay off all of its debts.
With a Debt to FCF ratio value of 4.85, ETSY perfoms like the industry average, outperforming 60.00% of the companies in the same industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.85
Altman-Z 2.08
ROIC/WACC1.92
WACC7.37%
ETSY Yearly LT Debt VS Equity VS FCFETSY Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 1B 2B

2.3 Liquidity

A Current Ratio of 3.39 indicates that ETSY has no problem at all paying its short term obligations.
ETSY's Current ratio of 3.39 is amongst the best of the industry. ETSY outperforms 93.33% of its industry peers.
A Quick Ratio of 3.39 indicates that ETSY has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 3.39, ETSY belongs to the top of the industry, outperforming 96.67% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.39
Quick Ratio 3.39
ETSY Yearly Current Assets VS Current LiabilitesETSY Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

6

3. Growth

3.1 Past

ETSY shows a small growth in Earnings Per Share. In the last year, the EPS has grown by 2.30%.
The Earnings Per Share has been growing by 25.54% on average over the past years. This is a very strong growth
ETSY shows a small growth in Revenue. In the last year, the Revenue has grown by 2.38%.
ETSY shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 27.97% yearly.
EPS 1Y (TTM)2.3%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-31.71%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%3.84%

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 25.31% on average per year.
ETSY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.57% yearly.
EPS Next Y-42.99%
EPS Next 2Y9.05%
EPS Next 3Y12.94%
EPS Next 5Y25.31%
Revenue Next Year0.73%
Revenue Next 2Y1.43%
Revenue Next 3Y2.77%
Revenue Next 5Y4.57%

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 stable.
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 2014 2016 2018 2020 2022 2024 2026 2028 2030 2032 1B 2B 3B 4B
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 10

4

4. Valuation

4.1 Price/Earnings Ratio

ETSY is valuated quite expensively with a Price/Earnings ratio of 33.29.
Based on the Price/Earnings ratio, ETSY is valued a bit cheaper than the industry average as 66.67% of the companies are valued more expensively.
The average S&P500 Price/Earnings ratio is at 26.91. ETSY is valued slightly more expensive when compared to this.
With a Price/Forward Earnings ratio of 26.22, ETSY can be considered very expensive at the moment.
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 22.92. ETSY is around the same levels.
Industry RankSector Rank
PE 33.29
Fwd PE 26.22
ETSY Price Earnings VS Forward Price EarningsETSY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

The rest of the industry has a similar Enterprise Value to EBITDA ratio as ETSY.
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 11.54
EV/EBITDA 17.35
ETSY Per share dataETSY EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 10 -10 20

4.3 Compensation for Growth

ETSY has a very decent profitability rating, which may justify a higher PE ratio.
ETSY's earnings are expected to grow with 12.94% in the coming years. This may justify a more expensive valuation.
PEG (NY)N/A
PEG (5Y)1.3
EPS Next 2Y9.05%
EPS Next 3Y12.94%

0

5. Dividend

5.1 Amount

No dividends for ETSY!.
Industry RankSector Rank
Dividend Yield N/A

ETSY INC

NYSE:ETSY (10/24/2025, 8:21:33 PM)

After market: 74.4 +0.5 (+0.68%)

73.9

+0.02 (+0.03%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)07-30 2025-07-30/bmo
Earnings (Next)10-29 2025-10-29/bmo
Inst Owners133.97%
Inst Owner Change-0.33%
Ins Owners1.02%
Ins Owner Change0.26%
Market Cap7.32B
Revenue(TTM)2.84B
Net Income(TTM)164.02M
Analysts68.72
Price Target66.63 (-9.84%)
Short Float %22.15%
Short Ratio3.86
Dividend
Industry RankSector Rank
Dividend Yield N/A
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)0
Avg EPS beat(2)-25.34%
Min EPS beat(2)-42.84%
Max EPS beat(2)-7.84%
EPS beat(4)1
Avg EPS beat(4)-14.75%
Min EPS beat(4)-42.84%
Max EPS beat(4)8.16%
EPS beat(8)2
Avg EPS beat(8)-8.3%
EPS beat(12)3
Avg EPS beat(12)-185.37%
EPS beat(16)6
Avg EPS beat(16)-132.21%
Revenue beat(2)1
Avg Revenue beat(2)0.61%
Min Revenue beat(2)-0.66%
Max Revenue beat(2)1.89%
Revenue beat(4)1
Avg Revenue beat(4)-0.6%
Min Revenue beat(4)-3.17%
Max Revenue beat(4)1.89%
Revenue beat(8)2
Avg Revenue beat(8)-0.8%
Revenue beat(12)5
Avg Revenue beat(12)0.22%
Revenue beat(16)8
Avg Revenue beat(16)0.48%
PT rev (1m)0%
PT rev (3m)26.13%
EPS NQ rev (1m)0.09%
EPS NQ rev (3m)-3.3%
EPS NY rev (1m)-0.74%
EPS NY rev (3m)-16.23%
Revenue NQ rev (1m)0.05%
Revenue NQ rev (3m)1.89%
Revenue NY rev (1m)0%
Revenue NY rev (3m)2.37%
Valuation
Industry RankSector Rank
PE 33.29
Fwd PE 26.22
P/S 2.58
P/FCF 11.54
P/OCF 10.62
P/B N/A
P/tB N/A
EV/EBITDA 17.35
EPS(TTM)2.22
EY3%
EPS(NY)2.82
Fwd EY3.81%
FCF(TTM)6.4
FCFY8.66%
OCF(TTM)6.96
OCFY9.42%
SpS28.64
BVpS-11.35
TBVpS-14.93
PEG (NY)N/A
PEG (5Y)1.3
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA 6.41%
ROE N/A
ROCE 19.21%
ROIC 14.18%
ROICexc 44.6%
ROICexgc 96.8%
OM 14.01%
PM (TTM) 5.78%
GM 72.2%
FCFM 22.36%
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)158.04%
ROICexgc(5y)N/A
ROCE(3y)19.98%
ROCE(5y)19.24%
ROICexgc growth 3Y8.44%
ROICexgc growth 5Y39.3%
ROICexc growth 3Y36.7%
ROICexc growth 5Y26.36%
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 5Y1.61%
F-Score6
Asset Turnover1.11
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.85
Debt/EBITDA 6.08
Cap/Depr 51.55%
Cap/Sales 1.94%
Interest Coverage 250
Cash Conversion 136.69%
Profit Quality 386.93%
Current Ratio 3.39
Quick Ratio 3.39
Altman-Z 2.08
F-Score6
WACC7.37%
ROIC/WACC1.92
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)2.3%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%-31.71%
EPS Next Y-42.99%
EPS Next 2Y9.05%
EPS Next 3Y12.94%
EPS Next 5Y25.31%
Revenue 1Y (TTM)2.38%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%3.84%
Revenue Next Year0.73%
Revenue Next 2Y1.43%
Revenue Next 3Y2.77%
Revenue Next 5Y4.57%
EBIT growth 1Y7.82%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.76%
EBIT Next Year97.4%
EBIT Next 3Y29.11%
EBIT Next 5Y20.44%
FCF growth 1Y-2.92%
FCF growth 3Y4.49%
FCF growth 5Y30.17%
OCF growth 1Y-0.07%
OCF growth 3Y4.91%
OCF growth 5Y29.46%

ETSY INC / ETSY FAQ

Can you provide the ChartMill fundamental rating for ETSY INC?

ChartMill assigns a fundamental rating of 6 / 10 to ETSY.


What is the valuation status of ETSY INC (ETSY) stock?

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 7 / 10.


What are the PE and PB ratios of ETSY INC (ETSY) stock?

The Price/Earnings (PE) ratio for ETSY INC (ETSY) is 33.29 and the Price/Book (PB) ratio is -6.51.