ETSY Stock Analysis: Etsy | NYSE
Internet Retail | NYSE, USA | Market Cap: 7.169m USD | 12M Return: 39.4% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 216M
Qual. Beats: 1
Rev. Trend: 93.6%
Qual. Beats: 0
Warnings
Tailwinds
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Etsy, Inc. operates two-sided online marketplaces that link buyers and sellers across multiple countries, structured around two main segments: the Etsy marketplace, which connects artisans with consumers, and Depop, a fashion resale platform. The company generates revenue through marketplace activities such as transaction fees, offsite advertising, payments processing, and listing fees, as well as optional seller services like on-site advertising and shipping labels.
Founded in 2005 and headquartered in Brooklyn, New York, the company was originally named Indieco before adopting the Etsy name in June 2006. As a participant in the consumer discretionary sector, Etsy sits within the broader e-commerce industry, where two-sided marketplace operators typically monetize by charging sellers a commission on each transaction in addition to offering ancillary advertising and logistics services.
- Active buyer count declines as post-pandemic demand normalizes
- Depop segment growth slows amid competition from Vinted and Poshmark
- Offsite ads and payments drive take rate expansion
| Net Income: 284.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.25 > 0.02 and ΔFCF/TA -7.29 > 1.0 |
| NWC/Revenue: 30.11% < 20% (prev 21.29%; Δ 8.82% < -1%) |
| CFO/TA 0.27 > 3% & CFO 725.0m > Net Income 284.8m |
| Net Debt (1.74b) to EBITDA (524.3m): 3.32 < 3 |
| Current Ratio: 1.69 > 1.5 & < 3 |
| Outstanding Shares: last quarter (121.0m) vs 12m ago 13.02% < -2% |
| Gross Margin: 72.01% > 18% (prev 72.78%; Δ -0.77% > 0.5%) |
| Asset Turnover: 119.3% > 50% (prev 130.8%; Δ -11.56% > 0%) |
| Interest Coverage Ratio: 22.93 > 6 (EBIT TTM 424.3m / Interest Expense TTM 18.5m) |
| A: 0.32 (Total Current Assets 2.11b - Total Current Liabilities 1.25b) / Total Assets 2.68b |
| B: -0.93 (Retained Earnings -2.48b / Total Assets 2.68b) |
| C: 0.18 (EBIT TTM 424.3m / Avg Total Assets 2.40b) |
| D: -0.30 (Book Value of Equity -1.14b / Total Liabilities 3.82b) |
| Altman-Z'' = -0.03 = B |
| DSRI: 1.10 (Receivables 194.6m/171.0m, Revenue 2.86b/2.77b) |
| GMI: 1.01 (GM 72.78% / 72.01%) |
| AQI: 0.37 (AQ_t 0.14 / AQ_t-1 0.36) |
| SGI: 1.03 (Revenue 2.86b / 2.77b) |
| TATA: -0.16 (NI 284.8m - CFO 725.0m) / TA 2.68b) |
| Beneish M = -3.30 (Cap -4..+1) = AA |
As of July 11, 2026, the stock is trading at USD 81.05 with a total of 2,418,171 shares traded. Over the past week, the price has changed by +5.30%, over one month by +17.93%, over three months by +53.82% and over the past year by +39.36%.
Current recommended Stop Loss: 77.20 (which is 4.8% or 1.3 ATR below the current price).
Etsy has received a consensus analysts rating of 3.43. Therefore, it is recommended to hold ETSY.
- StrongBuy: 6
- Buy: 3
- Hold: 20
- Sell: 0
- StrongSell: 1
| Analysts Target Price | 72.7 | -10.3% |
P/E Trailing = 27.9815
P/E Forward = 14.3062
P/S = 2.47
P/B = 21.4211
P/EG = 0.751
Revenue TTM = 2.86b USD
EBIT TTM = 424.3m USD
EBITDA TTM = 524.3m USD
Long Term Debt = 2.33b USD (from longTermDebt, last quarter)
Short Term Debt = 649.3m USD (from shortTermDebt, last quarter)
Debt = 3.17b USD (from shortLongTermDebtTotal, last quarter) + Leases 91.9m
Net Debt = 1.74b USD (calculated: Debt 3.17b - CCE 1.43b)
Enterprise Value = 8.91b USD (7.17b + Debt 3.17b - CCE 1.43b)
Interest Coverage Ratio = 22.93 (Ebit TTM 424.3m / Interest Expense TTM 18.5m)
EV/FCF = 13.25x (Enterprise Value 8.91b / FCF TTM 672.6m)
FCF Yield = 7.55% (FCF TTM 672.6m / Enterprise Value 8.91b)
FCF Margin = 23.49% (FCF TTM 672.6m / Revenue TTM 2.86b)
Net Margin = 9.94% (Net Income TTM 284.8m / Revenue TTM 2.86b)
Gross Margin = 72.01% ((Revenue TTM 2.86b - Cost of Revenue TTM 801.4m) / Revenue TTM)
Gross Margin QoQ = 72.17% (prev 73.06%)
Tobins Q-Ratio = 3.32 (Enterprise Value 8.91b / Total Assets 2.68b)
Interest Expense / Debt = 0.58% (Interest Expense 18.5m / Debt 3.17b)
Taxrate = 21.87% (89.5m / 409.2m)
NOPAT = 331.5m (EBIT 424.3m * (1 - 21.87%))
Current Ratio = 1.69 (Total Current Assets 2.11b / Total Current Liabilities 1.25b)
Debt / Equity = -2.79 (negative equity) (Debt 3.17b / totalStockholderEquity, last quarter -1.14b)
Debt / EBITDA = 3.32 (Net Debt 1.74b / EBITDA 524.3m)
Debt / FCF = 2.59 (Net Debt 1.74b / FCF TTM 672.6m)
Total Stockholder Equity = -1.12b (last 4 quarters mean from totalStockholderEquity)
RoA = 11.86% (Net Income 284.8m / Total Assets 2.68b)
RoE = -25.47% (negative equity) (Net Income TTM 284.8m / Total Stockholder Equity -1.12b)
RoCE = 34.88% (EBIT 424.3m / Capital Employed (Equity -1.12b + L.T.Debt 2.33b))
RoIC = 17.12% (NOPAT 331.5m / Invested Capital 1.94b)
WACC = 7.92% (E(7.17b)/V(10.3b) * Re(11.22%) + D(3.17b)/V(10.3b) * Rd(0.58%) * (1-Tc(0.22)))
Discount Rate = 11.22% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -5.22%
[DCF] Terminal Value 75.16% ; FCFF base≈678.2m ; Y1≈669.5m ; Y5≈685.2m
[DCF] Fair Price = 94.37 (EV 10.7b - Net Debt 1.74b = Equity 8.96b / Shares 94.9m; r=8.35% [WACC [floored]]; 5y FCF grow -2.04% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 1.08 | # QB: 1
Revenue Correlation: 93.64 | Revenue CAGR: 2.04% | SUE: 0.76 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.72 | Chg30d=+0.10% | Revisions=+25% | Analysts=21
EPS next Quarter (2026-09-30): EPS=0.77 | Chg30d=+0.05% | Revisions=-25% | Analysts=19
EPS current Year (2026-12-31): EPS=3.54 | Chg30d=+0.12% | Revisions=+0% | GrowthEPS=+154.7% | GrowthRev=-3.5%
EPS next Year (2027-12-31): EPS=4.03 | Chg30d=+0.33% | Revisions=+74% | GrowthEPS=+13.8% | GrowthRev=+3.7%
[Analyst] Revisions Ratio: +65% (up=24, down=4)