Etsy Inc

  • Earnings Score
  • Safety Score
  • Market Cap $4.73B
  • Debt $2.29B
  • Cash $649.19M
  • EV $6.37B
  • FCF $717.42M

Earnings

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Sales & Net Margins

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Earnings$188.18M
EBIT$308.79M
ROA15%
FCF$717.42M
Equity-$910.30M
Growth Stability-222%
PE25.14
PEG-7.06
PB-5.2
P/FCF6.59
P/S1.68
Price/Cash0.14
Debt/Equity-2.51
Debt/FCF3.19
Net Margins-8%
Gross Margins72%
Op. Margins11%
Earnings CAGR12%
Sales Growth YoY1%
Sales Growth QoQ-24%
Sales CAGR35%
FCF CAGR68%
Equity CAGR2%
Earnings Stability0.22
Earnings Growth YoY-183%
Earnings Growth QoQ-140%
Earnings CAGR 5Y-4%
Sales CAGR 5Y15%
FCF CAGR 5Y7%
Equity CAGR 5Y-0%
Earnings CAGR 3Y5%
Sales CAGR 3Y5%
FCF CAGR 3Y7%
Market Cap$4.73B
Revenue$2.81B
Assets$2.12B
Total Debt$2.29B
Cash$649.19M
Shares Outstanding105.13M
EV6.37B
Earnings Score11%
Safety Score32%
Working Capital590.85M
Current Ratio2.14
Gross Profit$2.03B
Shares Growth 3y-6%
Equity Growth QoQ20%
Equity Growth YoY56%

Assets & ROA

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Stockholders Equity & ROE

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Etsy operates a top-10 e-commerce marketplace operator in the U.S. and the U.K., with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $13.5 billion in 2021 consolidated gross merchandise volume, the firm has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2021, the firm connected more than 96 million buyers and more than 7.5 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), Elo7 (crafts in Brazil), and Depop (clothing resale).

SEC Filings

Direct access to Etsy Inc (ETSY) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Mar 31
  • 2024
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31
  • 2023
    • 10-K Dec 31
    • 10-Q Sep 30
    • 10-Q Jun 30
    • 10-Q Mar 31

Sector Comparison

How does Etsy Inc compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Etsy Inc compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 12%
Stability 22%
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Etsy Inc Discounted Cash Flow

Fully customizable DCF calculator online for Etsy Inc.

= $636B
012345678910TV
fcf$717M$1.2B$2B$3.4B$5.7B$9.6B$16B$27B$45B$76B$128B$1.3T
DCF$1.1B$1.7B$2.6B$3.9B$6B$9.1B$14B$21B$32B$49B$495B
Value$636B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Net Margins-20%-8%19%13%12%20%21%-27%11%11%-8%
ROA-3%5%8%6%18%12%-25%11%17%15%
ROE--9%21%19%24%47%79%127%-57%-40%-

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024TTM
Debt over FCF--01.43.941.573.553.393.33.13.19
Debt over Equity--00.691.931.433.62-4.17-4.2-3.02-2.51
Growth Stability----100%100%100%-222%100%100%-222%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years12/201512/201612/201712/201812/201912/202012/202112/202212/202312/2024CAGR 5Y
Revenue YoY growth-33%21%37%36%111%35%10%7%2%15%
Earnings YoY growth--45%-373%-5%24%264%41%-241%-144%-1%-4%
Equity YoY growth-4%15%1%1%83%-15%-187%-1%40%-0%
FCF YoY growth--40%489%212%1%240%-5%5%3%7%7%