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Wayfair W Ratios & Valuation

TTM Q1 '26TTM Q4 '25TTM Q3 '25TTM Q2 '25TTM Q1 '25
Profitability
Gross margin30.1%-0.1pp30.2%0.0pp30.2%-0.1pp30.3%0.0pp30.3%+0.1pp
Operating margin1%+0.9pp0.1%+1.6pp-1.5%+1.0pp-2.5%+0.5pp-2.9%+1.0pp
Net margin-2.4%+0.1pp-2.5%+0.1pp-2.7%-0.2pp-2.5%+0.5pp-3%+1.1pp
EBITDA margin3.3%+0.7pp2.6%+1.4pp1.1%+0.8pp0.4%+0.3pp0.1%+0.8pp
Free cash flow margin3.9%+0.1pp3.7%+0.2pp3.5%+0.7pp2.8%+0.3pp2.5%+0.4pp
Returns
Return on assets-9.7%-0.6pp-9.1%+0.9pp-10%-1.0pp-8.9%+1.8pp-10.7%+3.5pp
Efficiency
Asset turnover+0.4×3.6×-0.1×3.7×+0.2×3.6×0.0×3.6×+0.1×
Inventory turnover105.4×-12.9×118.3×+5.1×113.2×+12.9×100.3×+3.7×96.6×-13.0×
Liquidity
Current ratio0.8×-0.2×0.9×+0.2×0.7×-0.1×0.8×0.0×0.8×0.0×
Quick ratio0.7×-0.2×0.9×+0.2×0.7×-0.1×0.8×0.0×0.8×0.0×
Cash ratio0.5×-0.2×0.7×+0.2×0.5×-0.1×0.6×0.0×0.6×0.0×
Leverage
Debt-to-assets1.3×0.0×1.2×0.0×1.2×+0.1×1.1×0.0×1.1×-0.1×
Net debt / EBITDA6.3×-2.5×8.8×
Per Share
Book value per share-$21.69+0.2%-$21.73-2.1%-$21.29-1.0%-$21.08+4.7%-$22.12+1.3%
Valuation
Market capitalization$9.83B-24.9%$13.09B+13.0%$11.58B+78.1%$6.5B+60.0%$4.06B-26.8%
Enterprise value$12.46B-21.6%$15.91B+11.9%$14.21B+59.1%$8.93B+34.5%$6.64B-21.5%
Price / sales0.8×-0.3×1.1×+0.1×0.9×+0.4×0.5×+0.2×0.3×-0.1×
EV / EBITDA29.7×-19.7×49.4×
EV / sales-0.3×1.3×+0.1×1.2×+0.4×0.7×+0.2×0.6×-0.2×
Free cash flow yield5%+1.4pp3.5%-0.2pp3.7%-1.4pp5.1%-2.1pp7.3%+2.9pp
Earnings yield-3.1%-0.7pp-2.4%+0.4pp-2.8%+1.8pp-4.6%+4.2pp-8.8%+0.1pp

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Questions, answered.

What are Wayfair's profit margins?
Wayfair (W) runs a 30.1% gross margin and a 1.0% operating margin, with a -2.4% net margin.
Where do Wayfair's ratios come from?
Every ratio is computed from Wayfair'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.