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Wayfair W Free cash flow margin

Free cash flow margin at other companies

Target logo
TargetTGT
2.8%-0.5pp
Lowe's Companies logo
Lowe's CompaniesLOW
8.6%+0.6pp
Walmart
 logo
Walmart WMT
1.7%-0.2pp
Home Depot logo
Home DepotHD
8.6%-0.7pp
Williams-Sonoma logo
Williams-SonomaWSM
13.9%+0.9pp
Amazon logo
AmazonAMZN
1.4%-1.8pp

Other financials

Income statement

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Revenue$2.9B+7.4%
Gross profit$880.0M+5.1%
Operating income-$11.0M+91.0%
Net income-$105.0M+7.1%
EPS (diluted)-$0.80+10.1%

Balance sheet

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Cash & equivalents$1.0B-25.0%
Total debt$3.6B-7.1%
Total equity-$2.8B-1.2%
Total assets$2.9B-16.1%

Cash flow

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Operating cash flow-$52.0M+45.8%
CapEx$25.0M+400%
Free cash flow-$77.0M+23.8%

Valuation

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Market cap$11.68B+142%
Enterprise value$14.32B+87.7%
P/S0.9×+0.5×

Profitability

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Gross margin30.1%-0.2pp
Operating margin1%+0.6pp
Net margin-2.4%-0.4pp

Returns & leverage

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Return on equity-380.2%
Debt / equity135.6×
Current ratio0.8×-0.1×

Where this comes from

Calculated from Wayfair’s reported figures.

Based on trailing twelve months.

The official record: Wayfair’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Wayfair's free cash flow margin?
Wayfair (W) reported free cash flow margin of 3.9% in Q1 2026.
How has Wayfair's free cash flow margin changed year-over-year?
Wayfair's free cash flow margin increased by 54.9% year-over-year, from 2.5% to 3.9%.
What is the long-term trend for Wayfair's free cash flow margin?
Over 4 years (2020 to 2025), Wayfair's free cash flow margin has grown at a -19.1% compound annual growth rate (CAGR), from 8.7% to 3.7%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.