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Etsy ETSY Return on invested capital

Return on invested capital at other companies

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Graham HoldingsGHC
3.3%-0.3pp
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AmazonAMZN
17.8%+0.4pp
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eBayEBAY
23.3%+3.4pp
1-800-Flowers.com logo
1-800-Flowers.comFLWS
-26.7%-3.3pp
Pinterest, Inc. logo
Pinterest, Inc.PINS
7.6%0.0pp
Shopify logo
ShopifySHOP
16.1%

Other financials

Income statement

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Revenue$668.3M+6.2%
Gross profit$484.0M+5.1%
Operating income$125.3M+33.1%
Net income-$46.7M-262%
EPS (diluted)-$0.36-244%

Balance sheet

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Cash & equivalents$901.3M-23.8%
Total debt$3.7B+21.1%
Total equity-$1.4B-24.1%
Total assets$2.4B-4.6%

Cash flow

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Operating cash flow$40.6M-62.5%
CapEx$1.2M-82.0%
Free cash flow$39.3M-61.2%

Valuation

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Market cap$8.15B+46.3%
Enterprise value$10.97B+47.0%
P/E38.9×+5.0×
P/S2.9×+0.8×

Profitability

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Gross margin72.3%-0.9pp
Operating margin16%+3.9pp
Net margin7.3%+1.4pp
FCF margin22.7%-1.6pp

Returns & leverage

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Return on equity73.9%
Debt / equity4.1×
Current ratio1.5×-1.9×

Where this comes from

Calculated from Etsy’s reported figures.

Based on trailing twelve months.

The source filing: Etsy’s 10-Q, filed August 5, 2026. Open the filing →

Filed
Aug 5, 2026, 4:08 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001370637-26-000080

FAQ

What is Etsy's return on invested capital?
Etsy (ETSY) reported return on invested capital of 34.2% in Q2 2026.
How has Etsy's return on invested capital changed year-over-year?
Etsy's return on invested capital increased by 40.6% year-over-year, from 24.3% to 34.2%.
What is the long-term trend for Etsy's return on invested capital?
Over 4 years (2020 to 2025), Etsy's return on invested capital has grown at a -22.9% compound annual growth rate (CAGR), from 54.8% to 19.3%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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