Saturday 17 October 2026
Export ETSY’s income statement to Excel — free account
Etsy, Inc.
ETSY Consumer Cyclical Internet Retail
In the quarter to June 2026, revenue grew 6.23%, EPS fell 275.0%, free cash flow fell 64.3% and total debt was flat, each against the same quarter a year earlier. Revenue growth for ten consecutive years.
85.14
4.04
−4.53%
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| Dec '16 | Dec '17 | Dec '18 | Dec '19 | Dec '20 | Dec '21 | Dec '22 | Dec '23 | Dec '24 | Dec '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
P/E ratio |
0.00 | 30.35 | 73.18 | 56.08 | 62.42 | 56.28 | 0.00 | 32.17 | 19.88 | 33.00 |
Piotroski F-Score |
5 | 5 | 6 | 4 | 7 | 3 | 6 | 6 | 7 | 5 |
Altman Z-Score |
4.44 | 8.21 | 8.31 | 3.88 | 9.72 | 6.48 | 2.86 | 2.89 | 2.12 | 1.26 |
P/S ratio |
3.70 | 5.60 | 9.47 | 6.48 | 12.50 | 11.96 | 5.61 | 3.61 | 2.16 | 1.97 |
P/FCF ratio |
6,304.34 | 44.14 | 40.00 | 27.95 | 32.15 | 44.68 | 22.34 | 15.07 | 8.65 | 8.98 |
Altman Z″-Score (non-manufacturers) |
4.32 | 5.26 | 4.98 | 3.40 | 5.38 | 2.33 | (0.96) | 0.98 | 0.20 | (1.05) |
Beneish M-Score |
(2.78) | (2.23) | (3.52) | (1.52) | (2.16) | (1.27) | (5.22) | (3.08) | (3.67) | (3.45) |
P/Operating CF |
74.48 | 67.14 | 56.01 | 67.46 | 88.53 | 95.90 | 49.35 | 33.66 | 19.30 | 17.89 |
P/B ratio |
3.91 | 6.22 | 14.26 | 13.04 | 29.06 | 44.31 | 0.00 | 0.00 | 0.00 | 0.00 |
Price to Tangible BV |
4.47 | 6.97 | 17.38 | 77.20 | 52.09 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
EV/Sales |
3.10 | 4.97 | 9.00 | 6.52 | 12.18 | 12.56 | 6.09 | 4.06 | 2.64 | 2.49 |
EV/EBITDA |
19.68 | 55.43 | 52.90 | 38.43 | 43.60 | 54.19 | 0.00 | 30.10 | 15.21 | 19.48 |
EV/Operating CF |
23.55 | 31.73 | 27.31 | 25.78 | 30.96 | 44.91 | 22.85 | 15.83 | 9.87 | 10.34 |
EV/FCF |
5,278.96 | 39.20 | 38.03 | 28.12 | 31.33 | 46.94 | 24.24 | 16.95 | 10.57 | 11.34 |
Quick Ratio |
4.03 | 4.09 | 5.87 | 4.68 | 4.04 | 2.00 | 2.27 | 2.03 | 1.86 | 1.34 |
Current Ratio |
4.42 | 4.29 | 6.07 | 4.89 | 4.17 | 2.18 | 2.40 | 2.21 | 2.00 | 1.44 |
Net Debt/EBITDA |
(3.70) | (6.84) | (2.74) | 0.24 | (1.14) | 2.61 | (2.18) | 3.32 | 2.75 | 3.96 |
Debt/Assets |
11.99% | 11.59% | 37.99% | 55.16% | 46.59% | 62.42% | 90.87% | 88.76% | 98.50% | 108.79% |
Debt/Equity |
0.20 | 0.18 | 0.85 | 2.09 | 1.51 | 3.80 | (4.37) | (4.38) | (3.14) | (2.80) |
Asset Turnover |
0.64 | 0.74 | 0.80 | 0.67 | 0.87 | 0.75 | 0.79 | 1.03 | 1.10 | 1.10 |
Operating CF/Net income |
(1.60) | 0.84 | 2.57 | 2.16 | 1.94 | 1.32 | (0.98) | 2.29 | 2.48 | 4.25 |
Capex/Depreciation |
(1.20) | (0.48) | (2.01) | (0.34) | (0.14) | (0.41) | (0.38) | (0.44) | (0.40) | (0.54) |
Interest Coverage |
2.44 | 1.07 | 3.37 | 3.65 | 10.09 | 47.12 | (46.48) | 19.93 | 27.54 | 14.38 |
| (8.86%) | 22.06% | 19.43% | 23.75% | 60.79% | 71.99% | (1,707.02%) | (56.38%) | (46.57%) | (17.55%) | |
| (5.27%) | 13.79% | 10.28% | 7.85% | 17.70% | 15.83% | (21.47%) | 11.56% | 11.89% | 6.21% | |
ROIC |
8.30% | 5.88% | 39.22% | 12.60% | 136.97% | 14.30% | (60.94%) | 25.37% | 40.75% | 46.51% |
Return on Tangible Assets |
(7.23%) | 18.00% | 11.26% | 10.93% | 22.49% | 49.30% | (61.35%) | 27.72% | 33.72% | 19.72% |
Average Days of Receivables |
56.25 | 64.80 | 20.14 | 29.07 | 35.83 | 38.78 | 37.25 | 38.53 | 25.77 | 27.05 |
Research and Development Expense of Revenue |
15.09% | 16.91% | 16.11% | 14.89% | 10.44% | 11.66% | 16.07% | 17.08% | 15.78% | 15.61% |
Selling, General and Administrative Expense of Revenue |
46.15% | 45.46% | 39.90% | 41.14% | 38.06% | 40.24% | 39.85% | 40.11% | 43.10% | 43.27% |
Intangible Assets out of Total Assets |
0.07 | 0.07 | 0.08 | 0.22 | 0.14 | 0.52 | 0.26 | 0.22 | 0.23 | 0.12 |
Share Based Compensation of Revenue |
4.36% | 6.02% | 6.33% | 5.42% | 3.77% | 6.01% | 9.00% | 10.35% | 10.07% | 8.49% |
Graham Net Nets |
0.10 | 0.09 | 0.03 | (0.04) | 0.01 | (0.07) | (0.12) | (0.17) | (0.30) | (0.35) |
Graham Number |
0.00 | 7.19 | 6.99 | 7.77 | 19.82 | 20.80 | 23.09 | 0.00 | 0.00 | 0.00 |
Earnings Yield |
(2.19%) | 3.30% | 1.37% | 1.78% | 1.60% | 1.78% | (4.83%) | 3.11% | 5.03% | 3.03% |
Free Cash Flow Yield |
0.02% | 2.27% | 2.50% | 3.58% | 3.11% | 2.24% | 4.48% | 6.64% | 11.56% | 11.14% |
Revenue per Share |
3.21 | 3.72 | 5.02 | 6.84 | 14.23 | 18.31 | 20.24 | 22.44 | 24.43 | 28.17 |
Operating CF per Share |
0.42 | 0.58 | 1.66 | 1.73 | 5.60 | 5.12 | 5.39 | 5.76 | 6.55 | 6.77 |
Capex per Share |
(0.42) | (0.11) | (0.47) | (0.14) | (0.07) | (0.24) | (0.29) | (0.33) | (0.38) | (0.53) |
Free Cash Flow per Share |
0.00 | 0.47 | 1.19 | 1.59 | 5.53 | 4.88 | 5.10 | 5.43 | 6.17 | 6.24 |
Cash per Share |
2.48 | 2.87 | 5.20 | 6.83 | 13.77 | 7.74 | 9.24 | 9.39 | 9.04 | 15.83 |
Shareholders Equity per Share |
3.04 | 3.35 | 3.34 | 3.40 | 6.12 | 4.94 | (4.32) | (4.44) | (6.60) | (10.73) |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
3.04 | 3.35 | 3.34 | 3.40 | 6.12 | 4.94 | (4.32) | (4.44) | (6.60) | (10.73) |
Free Cash Flow |
0.21 | 55.95 | 142.88 | 189.68 | 670.97 | 621.44 | 646.41 | 665.59 | 708.97 | 638.75 |
Working Capital |
287.02 | 336.79 | 568.23 | 732.51 | 1,440.12 | 725.91 | 881.99 | 859.67 | 662.58 | 597.36 |
Capital Expenditures |
(47.75) | (13.16) | (56.05) | (17.24) | (7.99) | (30.11) | (37.20) | (39.92) | (43.50) | (54.66) |
Net Current Asset Value |
134.60 | 230.58 | 179.34 | (214.68) | 232.72 | (1,861.69) | (1,668.49) | (1,658.67) | (1,848.96) | (1,964.37) |
EV/EBIT |
64.27 | 184.33 | 72.65 | 60.10 | 49.58 | 62.83 | 0.00 | 39.92 | 19.53 | 26.94 |
Capex to Sales |
0.13 | 0.03 | 0.09 | 0.02 | 0.00 | 0.01 | 0.01 | 0.01 | 0.02 | 0.02 |
Price to Operating Income |
76.76 | 207.56 | 76.42 | 59.72 | 50.88 | 59.81 | 0.00 | 35.49 | 15.99 | 21.32 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.32 | 0.24 | 0.23 | 0.35 | 0.52 | 0.27 | 0.39 | 0.37 | 0.46 | 0.44 |
Cash ROIC |
0.03% | 6.93% | 10.45% | 9.14% | 19.00% | 15.52% | 21.41% | 22.26% | 26.63% | 17.76% |
Accounts Receivable Turnover |
7.62 | 6.56 | 10.81 | 16.62 | 14.71 | 11.17 | 10.08 | 9.96 | 11.50 | 14.00 |
Accounts Payable Turnover |
9.73 | 12.28 | 9.50 | 10.25 | 13.83 | 19.00 | 26.23 | 28.25 | 27.71 | 29.85 |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Days of Payables |
32.49 | 32.93 | 50.79 | 35.45 | 32.11 | 15.62 | 14.10 | 13.18 | 12.24 | 12.86 |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Average Receivables |
47.89 | 67.29 | 55.83 | 49.24 | 117.29 | 208.44 | 254.66 | 275.99 | 244.19 | 205.98 |
Average Payables |
12.68 | 12.30 | 20.08 | 26.43 | 33.60 | 34.45 | 28.38 | 29.34 | 27.95 | 27.39 |
Average Assets |
567.13 | 593.39 | 753.72 | 1,222.10 | 1,973.42 | 3,118.15 | 3,233.39 | 2,660.18 | 2,551.59 | 2,622.52 |
Average Common Equity |
337.63 | 370.83 | 398.90 | 403.77 | 574.53 | 685.52 | 40.67 | (545.49) | (651.29) | (928.48) |
Columns are period end dates