ETSY INC (ETSY) Stock Fundamental Analysis

USA • New York Stock Exchange • NYSE:ETSY • US29786A1060

51.41 USD
-1.88 (-3.53%)
Last: Feb 4, 2026, 01:27 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. While ETSY has a great profitability rating, there are some minor concerns on its financial health. ETSY is not priced too expensively while it is growing strongly. Keep and eye on this one! These ratings could make ETSY a good candidate for growth investing.


Dividend Valuation Growth Profitability Health

7

1. Profitability

1.1 Basic Checks

  • ETSY had positive earnings in the past year.
  • ETSY had a positive operating cash flow in the past year.
  • ETSY had positive earnings in 4 of the past 5 years.
  • 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 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.
  • Measured over the past 3 years, the Average Return On Invested Capital for ETSY is significantly above the industry average of 9.28%.
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

  • ETSY has a Profit Margin of 6.38%. This is in the better half of the industry: ETSY outperforms 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 (13.79%) than 90.00% of its industry peers.
  • ETSY's Operating Margin has improved in the last couple of years.
  • The Gross Margin of ETSY (72.04%) is better than 90.00% of its industry peers.
  • 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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5

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.
  • 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 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 1.70. This is a bad value and indicates that ETSY is not financially healthy and even has some risk of bankruptcy.
  • ETSY has a Altman-Z score of 1.70. 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 4.84, 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.
  • The Debt to FCF ratio of ETSY (4.84) is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 4.84
Altman-Z 1.7
ROIC/WACC1.91
WACC7.3%
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

  • ETSY has a Current Ratio of 3.17. This indicates that ETSY is financially healthy and has no problem in meeting its short term obligations.
  • ETSY's Current ratio of 3.17 is amongst the best of the industry. ETSY outperforms 96.67% of its industry peers.
  • 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 has a better Quick ratio (3.17) than 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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7

3. Growth

3.1 Past

  • The Earnings Per Share has grown by an impressive 22.45% over the past year.
  • Measured over the past years, ETSY shows a very strong growth in Earnings Per Share. The EPS has been growing by 25.54% on average per year.
  • The Revenue has been growing slightly by 1.98% in the past year.
  • Measured over the past years, ETSY shows a very strong growth in Revenue. The Revenue has been growing by 27.97% on average per year.
EPS 1Y (TTM)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%

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 26.09% on average per year.
  • ETSY is expected to show a small growth in Revenue. In the coming years, the Revenue will grow by 4.73% yearly.
EPS Next Y-44.62%
EPS Next 2Y4.74%
EPS Next 3Y8.77%
EPS Next 5Y26.09%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.69%
Revenue Next 5Y4.73%

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.
  • 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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5

4. Valuation

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 21.42, the valuation of ETSY can be described as rather expensive.
  • Based on the Price/Earnings ratio, ETSY is valued a bit cheaper than 66.67% of the companies in the same industry.
  • ETSY's Price/Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 28.18.
  • ETSY is valuated rather expensively with a Price/Forward Earnings ratio of 19.77.
  • Compared to the rest of the industry, the Price/Forward Earnings ratio of ETSY is on the same level as its industry peers.
  • ETSY's Price/Forward Earnings ratio indicates a valuation a bit cheaper than the S&P500 average which is at 25.51.
Industry RankSector Rank
PE 21.42
Fwd PE 19.77
ETSY Price Earnings VS Forward Price EarningsETSY Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80

4.2 Price Multiples

  • Based on the Enterprise Value to EBITDA ratio, ETSY is valued a bit cheaper than 63.33% of the companies in the same industry.
  • Based on the Price/Free Cash Flow ratio, ETSY is valued cheaply inside the industry as 83.33% of the companies are valued more expensively.
Industry RankSector Rank
P/FCF 7.99
EV/EBITDA 13.22
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.
PEG (NY)N/A
PEG (5Y)0.84
EPS Next 2Y4.74%
EPS Next 3Y8.77%

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0

5. Dividend

5.1 Amount

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

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ETSY INC

NYSE:ETSY (2/4/2026, 1:27:02 PM)

51.41

-1.88 (-3.53%)

Chartmill FA Rating
GICS IndustryGroupConsumer Discretionary Distribution & Retail
GICS IndustryBroadline Retail
Earnings (Last)10-29
Earnings (Next)02-25
Inst Owners127.45%
Inst Owner Change-2.16%
Ins Owners1.06%
Ins Owner Change0.12%
Market Cap5.07B
Revenue(TTM)2.85B
Net Income(TTM)182.15M
Analysts68
Price Target68.79 (33.81%)
Short Float %16.3%
Short Ratio5.01
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%
PT rev (3m)-0.4%
EPS NQ rev (1m)0.54%
EPS NQ rev (3m)-14.15%
EPS NY rev (1m)1.05%
EPS NY rev (3m)-3.59%
Revenue NQ rev (1m)0.15%
Revenue NQ rev (3m)2.86%
Revenue NY rev (1m)0%
Revenue NY rev (3m)1.52%
Valuation
Industry RankSector Rank
PE 21.42
Fwd PE 19.77
P/S 1.78
P/FCF 7.99
P/OCF 7.34
P/B N/A
P/tB N/A
EV/EBITDA 13.22
EPS(TTM)2.4
EY4.67%
EPS(NY)2.6
Fwd EY5.06%
FCF(TTM)6.44
FCFY12.52%
OCF(TTM)7
OCFY13.62%
SpS28.91
BVpS-11.27
TBVpS-14.74
PEG (NY)N/A
PEG (5Y)0.84
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 1.7
F-Score6
WACC7.3%
ROIC/WACC1.91
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)22.45%
EPS 3Y-11.42%
EPS 5Y25.54%
EPS Q2Q%40%
EPS Next Y-44.62%
EPS Next 2Y4.74%
EPS Next 3Y8.77%
EPS Next 5Y26.09%
Revenue 1Y (TTM)1.98%
Revenue growth 3Y6.44%
Revenue growth 5Y27.97%
Sales Q2Q%2.36%
Revenue Next Year2.33%
Revenue Next 2Y2.59%
Revenue Next 3Y3.69%
Revenue Next 5Y4.73%
EBIT growth 1Y7.23%
EBIT growth 3Y-6.54%
EBIT growth 5Y33.77%
EBIT Next Year94.95%
EBIT Next 3Y28.29%
EBIT Next 5Y20.34%
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 6 / 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 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 decline by -44.62% in the next year.