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Wayfair W Ratios & Valuation

FY'25FY'24FY'23FY'22
Profitability
Gross margin30.2%+0.1pp30.2%-0.4pp30.6%+2.6pp28%-0.5pp
Operating margin0.1%+4.0pp-3.9%+2.9pp-6.8%+4.6pp-11.3%-10.6pp
Net margin-2.5%+1.6pp-4.2%+2.0pp-6.1%+4.7pp-10.9%-9.9pp
EBITDA margin2.6%+3.2pp-0.6%+2.7pp-3.3%+5.0pp-8.3%-10.0pp
Free cash flow margin3.7%+1.7pp2.1%+0.4pp1.7%+9.1pp-7.4%
Returns
Return on assets-9.1%+5.1pp-14.2%+6.7pp-20.9%+11.7pp-32.7%-29.8pp
Return on invested capital18.4%+309pp-290.9%-66.9pp-224%-8.4pp-215.6%-197pp
Efficiency
Asset turnover3.6×+0.2×3.4×0.0×3.4×+0.4×0.0×
Inventory turnover118.3×+8.6×109.6×+8.6×101×-9.7×110.7×-51.5×
Liquidity
Current ratio0.9×+0.1×0.8×-0.1×0.8×-0.1×0.9×-0.4×
Quick ratio0.9×+0.1×0.8×-0.1×0.8×-0.1×0.9×-0.4×
Cash ratio0.7×+0.1×0.6×-0.1×0.6×+0.1×0.5×-0.3×
Leverage
Debt-to-assets1.2×0.0×1.2×0.0×1.2×0.0×1.2×+0.3×
Net debt / EBITDA8.8×
Per Share
Book value per share-$21.73+3.0%-$22.40+5.7%-$23.75+1.3%-$24.06-54.5%
Valuation
Market capitalization$13.09B+136%$5.55B-23.7%$7.28B+107%$3.52B-82.3%
Enterprise value$15.91B+88.1%$8.46B-16.8%$10.16B+53.3%$6.63B-70.2%
Price / sales1.1×+0.6×0.5×-0.1×0.6×+0.3×0.3×-1.2×
EV / EBITDA49.4×
EV / sales1.3×+0.6×0.7×-0.1×0.8×+0.3×0.5×-1.1×
Free cash flow yield3.5%-0.8pp4.4%+1.6pp2.8%+28.5pp-25.8%
Earnings yield-2.4%+6.5pp-8.9%+1.3pp-10.1%+27.6pp-37.8%-37.1pp

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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.