Etsy ETSY Ratios & Valuation
| TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | TTM Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 72%-0.8pp | 72.1%-0.3pp | 72.5%+1.6pp | 72.7%+2.1pp | 72.8%+2.6pp | |
| Operating margin | 14.3%+3.2pp | 10%-3.5pp | 11%-1.1pp | 11.2%— | 11.1%— | |
| Net margin | 9.9%+3.2pp | 5.7%-5.1pp | 6.5%-2.7pp | 5.9%— | 6.8%— | |
| Returns | ||||||
| Return on invested capital | 29%+7.3pp | 17.8%-12.6pp | 24.3%-10.3pp | 22.4%— | 21.7%— | |
| Efficiency | ||||||
| Asset turnover | 1.2×0.0× | 1.1×0.0× | 1.1×0.0× | 1.1×0.0× | 1.2×+0.1× | |
| Liquidity | ||||||
| Current ratio | 1.7×-0.4× | 1.4×-0.6× | 3.2×+0.8× | 3.4×+1.0× | 2.1×-0.3× | |
| Leverage | ||||||
| Net debt / EBITDA | 4.9×+0.7× | 6.2×+2.9× | 4.4×+0.9× | 4.5×— | 4.3×— | |
| Per Share | ||||||
| Book value per share | -$9.39-10.5% | -$8.85-53.6% | -$8.90-86.5% | -$9.25-94.0% | -$8.50-97.1% | |
| Valuation | ||||||
| Market capitalization | $4.81B-4.8% | $5.47B-8.0% | $6.58B+3.3% | $5.57B-19.3% | $5.05B-38.0% | |
| Price / earnings | 16.9×-10.0× | 33.6×+14.0× | 36.1×+11.3× | 33.9×— | 26.8×— | |
| Price / sales | 1.7×-0.1× | 1.9×-0.2× | 2.3×+0.1× | 2×-0.5× | 1.8×-1.1× | |
| EV / EBITDA | 14.4×-2.3× | 20.4×+4.9× | 20.3×+2.5× | 17.7×— | 16.7×— |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →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.
