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Wayfair W Invested capital

Discontinued — last reported Q2 '26

Invested capital at other companies

Oneok logo
OneokOKE
8.6%-0.2pp
Rithm Capital logo
Rithm CapitalRITM
3.2%0.0pp
Citigroup logo
CitigroupC
32.6%+2.0pp
Morgan Stanley logo
Morgan StanleyMS
16.9%+0.4pp
Wells Fargo & Company logo
Wells Fargo & CompanyWFC
20.5%-0.7pp
American Express logo
American ExpressAXP
49.1%-10.0pp

Other financials

Income statement

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Revenue$3.5B+7.5%
Gross profit$1.1B+7.1%
Operating income$104.0M+512%
Net income-$1.0M-107%
EPS (diluted)-$0.01-109%

Balance sheet

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Cash & equivalents$1.1B-19.7%
Total debt$2.8B-25.5%
Total equity-$2.8B-2.5%
Total assets$3.0B-9.2%

Cash flow

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Operating cash flow$360.0M+31.9%
CapEx$26.0M+100%
Free cash flow$334.0M+28.5%

Valuation

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Market cap$14.25B+43.4%
Enterprise value$15.99B+29.2%
P/S1.1×+0.3×

Profitability

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Gross margin30.1%-0.2pp
Operating margin1.7%+1.0pp
Net margin-2.5%0.0pp
FCF margin4.4%+1.6pp

Returns & leverage

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Return on equity-380.2%
Debt / equity135.6×
Current ratio0.7×-0.1×

Where this comes from

Reported directly by Wayfair in its filing.

The source filing: Wayfair’s 8-K, filed August 4, 2026. Open the filing →

Filed
Aug 4, 2026, 7:02 AM EDT
Accession
0001616707-26-000147

FAQ

What is Wayfair's invested capital?
Wayfair (W) reported invested capital of -$1.06B in Q2 2026.
How has Wayfair's invested capital changed year-over-year?
Wayfair's invested capital decreased by 261.6% year-over-year, from -$292M to -$1.06B.
What is the long-term trend for Wayfair's invested capital?
Over 5 years (2020 to 2025), Wayfair's invested capital has grown at a -33.7% compound annual growth rate (CAGR), from $304M to $39M.
What does invested capital mean?
Total debt plus shareholders' equity minus cash, at the quarter end. The capital actually put to work in the operating business — the denominator of return on invested capital (ROIC).

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