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.

Wayfair W Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM Q1 '25
Profitability
Gross margin	30.1%-0.2pp	30.2%+0.1pp	30.2%0.0pp	30.3%-0.1pp	30.3%-0.3pp
Operating margin	1%+3.9pp	0.1%+4.0pp	-1.5%+2.9pp	-2.5%+2.5pp	-2.9%+2.9pp
Net margin	-2.4%+0.6pp	-2.5%+1.6pp	-2.7%+1.9pp	-2.5%+2.8pp	-3%+2.3pp
EBITDA margin	3.3%+3.2pp	2.6%+3.2pp	1.1%+2.1pp	0.4%+1.9pp	0.1%+2.5pp
Free cash flow margin	3.9%+1.4pp	3.7%+1.7pp	3.5%+1.7pp	2.8%+0.5pp	2.5%+0.6pp
Returns
Return on assets	-9.7%+1.0pp	-9.1%+5.1pp	-10%+5.9pp	-8.9%+9.5pp	-10.7%+8.8pp
Efficiency
Asset turnover	4×+0.5×	3.6×+0.2×	3.7×+0.3×	3.6×+0.1×	3.6×-0.1×
Inventory turnover	105.4×+8.7×	118.3×+8.6×	113.2×+9.8×	100.3×-6.6×	96.6×-4.5×
Liquidity
Current ratio	0.8×-0.1×	0.9×+0.1×	0.7×-0.1×	0.8×0.0×	0.8×0.0×
Quick ratio	0.7×-0.1×	0.9×+0.1×	0.7×-0.1×	0.8×0.0×	0.8×0.0×
Cash ratio	0.5×-0.1×	0.7×+0.1×	0.5×-0.1×	0.6×0.0×	0.6×0.0×
Leverage
Debt-to-assets	1.3×+0.1×	1.2×0.0×	1.2×0.0×	1.1×-0.1×	1.1×-0.1×
Net debt / EBITDA	6.3×—	8.8×—	——	——	——
Per Share
Book value per share	-$21.69+1.9%	-$21.73+3.0%	-$21.29+4.2%	-$21.08+6.8%	-$22.12+6.0%
Valuation
Market capitalization	$9.83B+142%	$13.09B+136%	$11.58B+69.0%	$6.5B+2.8%	$4.06B-50.1%
Enterprise value	$12.46B+87.7%	$15.91B+88.1%	$14.21B+47.2%	$8.93B-2.1%	$6.64B-40.5%
Price / sales	0.8×+0.4×	1.1×+0.6×	0.9×+0.4×	0.5×0.0×	0.3×-0.3×
EV / EBITDA	29.7×—	49.4×—	——	——	——
EV / sales	1×+0.4×	1.3×+0.6×	1.2×+0.3×	0.7×0.0×	0.6×-0.4×
Free cash flow yield	5%-2.3pp	3.5%-0.8pp	3.7%+0.6pp	5.1%+0.8pp	7.3%+4.4pp
Earnings yield	-3.1%+5.7pp	-2.4%+6.5pp	-2.8%+5.0pp	-4.6%+5.3pp	-8.8%-1.0pp

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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.