What are Etsy's profit margins?

Etsy (ETSY) runs a 72.0% gross margin and a 14.3% operating margin, with a 9.9% net margin.

Where do Etsy's ratios come from?

Every ratio is computed from Etsy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Etsy ETSY Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	72.1%-0.3pp	72.4%+2.6pp	69.8%-1.1pp	71%-0.9pp
Operating margin	10%-3.5pp	13.5%+3.4pp	10.2%—	——
Net margin	5.7%-5.1pp	10.8%-0.4pp	11.2%—	——
EBITDA margin	13.6%-3.8pp	17.4%+3.9pp	13.5%—	——
Free cash flow margin	23.8%-2.5pp	26.3%+1.1pp	25.2%-1.0pp	26.2%-1.3pp
Returns
Return on assets	6.2%-5.7pp	11.9%+0.3pp	11.6%—	——
Return on invested capital	17.8%-12.6pp	30.4%+1.6pp	28.7%—	——
Efficiency
Asset turnover	1.1×0.0×	1.1×+0.1×	1×+0.2×	0.8×0.0×
Liquidity
Current ratio	1.4×-0.6×	2×-0.2×	2.2×-0.2×	2.4×+0.2×
Quick ratio	1.4×-0.6×	2×-0.2×	2.2×-0.2×	2.4×+0.2×
Cash ratio	1×-0.2×	1.2×-0.1×	1.3×-0.2×	1.5×+0.2×
Leverage
Debt-to-assets	1.3×+0.3×	1×+0.1×	0.9×0.0×	0.9×+0.3×
Net debt / EBITDA	6.2×+2.9×	3.3×-0.8×	4.1×—	——
Interest coverage	15.4×-12.2×	27.5×+7.6×	19.9×—	——
Per Share
Book value per share	-$8.85-53.6%	-$5.76-48.5%	-$3.88+10.1%	-$4.32-201%
Valuation
Market capitalization	$5.47B-8.0%	$5.95B-38.7%	$9.71B-35.5%	$15.05B-45.8%
Enterprise value	$7.88B+4.1%	$7.57B-32.6%	$11.23B-32.2%	$16.57B-43.7%
Price / earnings	33.6×+14.0×	19.6×-11.9×	31.6×—	——
Price / sales	1.9×-0.2×	2.1×-1.4×	3.5×-2.3×	5.9×-6.1×
EV / EBITDA	20.4×+4.9×	15.5×-14.8×	30.3×—	——
EV / sales	2.8×+0.1×	2.7×-1.4×	4.1×-2.4×	6.5×-6.2×
Free cash flow yield	12.4%0.0pp	12.4%+5.3pp	7.1%+2.7pp	4.5%+2.2pp
Earnings yield	3%-2.1pp	5.1%+1.9pp	3.2%—	——

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Questions, answered.

What are Etsy's profit margins?: Etsy (ETSY) runs a 72.0% gross margin and a 14.3% operating margin, with a 9.9% net margin.
Where do Etsy's ratios come from?: Every ratio is computed from Etsy's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.