Wednesday 4 November 2026
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Williams-Sonoma, Inc.
WSM Consumer Cyclical Specialty Retail
Williams-Sonoma, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $7.8 billion, up 1.24% from fiscal 2025.
- Revenue
- +6.70%
- EPS
- +41.4%
- Free cash flow
- +108.4%
Quarter to July 2026, against a year earlier
265.71
12.01
+4.73%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | TTM Jul ’26 | Trend | 10 yrs | 2027e | 2028e | 2029e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | 5,084 | 5,292 | 5,672 | 5,898 | 6,783 | 8,246 | 8,674 | 7,751 | 7,712 | 7,807 | 8,005 | +4.9% | 8,271 | 8,704 | 9,175 | +5.5% | |
| Gross margin, % | 37.05 | 36.50 | 37.04 | 36.27 | 38.86 | 44.05 | 42.40 | 42.62 | 46.45 | 46.15 | 47.19 | +9.1 pt | ||||||
| EBT | 472 | 452 | 429 | 457 | 894 | 1,451 | 1,501 | 1,273 | 1,486 | 1,453 | 1,575 | +13.3% | ||||||
| EBT margin, % | 9.28 | 8.55 | 7.57 | 7.75 | 13.19 | 17.60 | 17.30 | 16.43 | 19.27 | 18.61 | 19.67 | +9.3 pt | ||||||
| Net income | 305 | 260 | 334 | 356 | 681 | 1,126 | 1,128 | 950 | 1,125 | 1,088 | 1,179 | +15.2% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | 28.69 | 30.92 | 34.83 | 37.76 | 43.90 | 55.51 | 63.76 | 60.01 | 61.09 | 64.28 | 67.98 | +9.4% | |||||
| Earnings | 1.73 | 1.52 | 2.05 | 2.28 | 4.41 | 7.59 | 8.29 | 7.36 | 8.91 | 8.96 | 9.90 | +20.1% | ||||||
| Cash flow | 2.96 | 2.92 | 3.60 | 3.89 | 8.25 | 9.23 | 7.74 | 13.01 | 10.77 | 10.83 | 13.66 | +15.5% | ||||||
| Capex | (1.11) | (1.11) | (1.17) | (1.19) | (1.10) | (1.52) | (2.60) | (1.46) | (1.76) | (2.14) | (2.26) | +7.5% | ||||||
| Free cash flow | 1.85 | 1.81 | 2.43 | 2.70 | 7.15 | 7.71 | 5.14 | 11.55 | 9.02 | 8.69 | 11.41 | +18.8% | ||||||
| Book value | 7.04 | 7.03 | 7.10 | 7.91 | 10.69 | 11.20 | 12.50 | 16.48 | 16.97 | 17.15 | 18.18 | +10.4% | ||||||
| Shares, m | 177 | 171 | 163 | 156 | 155 | 149 | 136 | 129 | 126 | 121 | 120 | (4.1%) | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | 13.98 | 16.86 | 13.18 | 15.30 | 14.20 | 10.54 | 8.11 | 13.11 | 23.36 | 23.81 | 25.59 | 15.2 | |||||
| P/S | 0.84 | 0.83 | 0.78 | 0.93 | 1.43 | 1.45 | 1.06 | 1.61 | 3.46 | 3.33 | 3.73 | 1.6 | ||||||
| P/B | 3.42 | 3.64 | 3.84 | 4.43 | 5.87 | 7.16 | 5.40 | 5.87 | 12.46 | 12.48 | 13.94 | 6.5 | ||||||
| EV/Sales | 0.80 | 0.81 | 0.77 | 1.09 | 1.34 | 1.42 | 1.08 | 1.53 | 3.38 | 3.28 | 3.67 | 1.5 | ||||||
| EV/FCF | 12.41 | 13.86 | 11.10 | 15.29 | 8.22 | 10.20 | 13.47 | 7.93 | 22.89 | 24.23 | 21.89 | 14.0 | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | 525 | 500 | 586 | 607 | 1,275 | 1,371 | 1,053 | 1,680 | 1,360 | 1,315 | 1,609 | +10.7% | |||||
| Capex | (197) | (190) | (190) | (186) | (170) | (227) | (354) | (188) | (222) | (259) | (266) | +3.1% | ||||||
| Free cash flow | 327 | 310 | 396 | 421 | 1,105 | 1,145 | 699 | 1,492 | 1,139 | 1,055 | 1,343 | +13.9% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | 406 | 629 | 620 | 146 | 619 | 552 | 400 | 839 | 843 | 759 | 848 | +7.2% | |||||
| Net debt | (214) | (91) | (39) | (132) | (901) | (850) | (367) | (1,262) | (1,213) | (1,020) | (1,029) | +19.0% | ||||||
| Shareholders’ equity | 1,248 | 1,204 | 1,156 | 1,236 | 1,651 | 1,664 | 1,701 | 2,128 | 2,142 | 2,083 | 2,141 | +5.9% | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | 12.48 | 9.86 | 11.92 | 10.37 | 15.62 | 24.26 | 24.29 | 19.12 | 21.28 | 20.32 | 21.97 | +7.8 pt | |||||
| ROIC | 28.55 | 25.49 | 24.41 | 26.39 | 75.87 | 111.59 | 70.22 | 89.81 | 96.17 | 83.26 | 86.41 | +54.7 pt | ||||||
| ROE | 24.97 | 21.17 | 28.29 | 29.78 | 47.16 | 67.95 | 67.03 | 49.61 | 52.70 | 51.52 | 54.96 | +26.5 pt | ||||||
| People | ||||||||||||||||||
| People | Employees | 28,300 | 27,800 | 28,200 | 27,000 | 21,000 | 21,000 | 21,100 | 19,300 | 19,600 | 19,800 | — | (3.9%) | |||||
| Revenue/emp, $m | 0.18 | 0.19 | 0.20 | 0.22 | 0.32 | 0.39 | 0.41 | 0.40 | 0.39 | 0.39 | — | +9.1% | ||||||
Negative figures in brackets.
estimates
Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026
Business profile
Where the money comes from and where it goes Fiscal 2026
| Pottery Barn | 2,999 | 38.42% |
|---|---|---|
| West Elm | 1,860 | 23.82% |
| Williams Sonoma | 1,362 | 17.45% |
| Pottery Barn Kids and Teen | 1,138 | 14.58% |
| Other | 448 | 5.73% |
| Gross margin | 46.15% | |
| Operating margin | 18.13% | |
| Pre-tax margin | 18.61% |
Williams-Sonoma, Inc. vs peers in Specialty Retail (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| WSM Williams-Sonoma, Inc. | $29.9B | 25.6× | 25.4× | +6.70% (above 0%: growing) | +41.38% (above 0%: growing) | +108.42% (above 0%: growing) | 51.64% | 22.90% | |
| ULTA Ulta Beauty Inc. | $27.2B | 23.1× | 22.1× | +8.87% (above 0%: growing) | +13.28% (above 0%: growing) | +96.46% (above 0%: growing) | 39.10% | 12.51% | Compare |
| CASY Casey's General Stores, Inc. | $24.6B | 32.0× | 31.9× | +24.33% (above 0%: growing) | +27.59% (above 0%: growing) | −30.95% (below 0%: shrinking) | 21.82% | 6.50% | Compare |
| BBY Best Buy Co., Inc. | $19.7B | 15.5× | 14.3× | +3.61% (above 0%: growing) | +69.32% (above 0%: growing) | +28.40% (above 0%: growing) | 23.91% | 4.31% | Compare |
| TSCO Tractor Supply Company | $18.3B | 18.8× | 17.9× | +5.15% (above 0%: growing) | −12.24% (below 0%: shrinking) | +30.28% (above 0%: growing) | 36.44% | 7.87% | Compare |
| FIVE Five Below, Inc. | $13.0B | 21.0× | 19.3× | +22.85% (above 0%: growing) | +415.38% (above 0%: growing) | +194.67% (above 0%: growing) | 48.55% | 21.83% | Compare |
| GME GameStop Corp. | $12.2B | 12.2× | 70.5× | −18.72% (below 0%: shrinking) | +76.32% (above 0%: growing) | +115.70% (above 0%: growing) | 43.66% | 20.27% | Compare |
| DKS DICK'S Sporting Goods, Inc. | $12.2B | 14.3× | 12.2× | +53.21% (above 0%: growing) | −26.35% (below 0%: shrinking) | −55.09% (below 0%: shrinking) | 34.78% | 7.89% | Compare |
| MUSA Murphy USA Inc. | $9.2B | 14.2× | 15.3× | +34.83% (above 0%: growing) | +41.21% (above 0%: growing) | +185.48% (above 0%: growing) | 10.36% | 3.78% | Compare |
| Median of peers | $15.6B | 17.2× | 18.6× | +15.86% | +34.40% | +63.37% | 35.61% | 7.88% |
From the latest earnings call
- Laura Alber said all brands posted positive comparable sales, while B2B grew 14.5% and the company raised its annual outlook.
- Jeffrey Yurcisin said fiscal 2026 guidance excludes tariff-refund benefits and assumes tariff pressure moderates in the second half.
Largest institutional holders 13F, quarter to 30 June 2026
Held by institutions
95.78%
Held by the ten largest
54.36%
| Holder | Shares | Stake | Change |
|---|---|---|---|
| Vanguard | 15.13m | 12.85% | +131.07k |
| BlackRock | 11.39m | 9.68% | −200.31k |
| Aristotle Capital Management, LLC | 11.06m | 9.39% | −83.20k |
| BLACKHILL CAPITAL INC | 7.68m | 6.53% | −246.00 |
| State Street | 5.91m | 5.02% | +112.68k |
| Geode Capital Management | 3.82m | 3.24% | +36.79k |
| First Trust | 2.79m | 2.37% | +125.97k |
| UBS | 2.78m | 2.36% | +295.93k |
| Norges Bank | 1.76m | 1.49% | +1.76m |
| Invesco | 1.69m | 1.43% | −92.29k |
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.
Pay and ownership Proxy statement filed 6 May 2026
Chief executive’s pay
| Year | Total pay | Actually paid | $100 invested |
|---|---|---|---|
| 2026 | 33.30m | 56.22m | 349.00 |
| 2025 | 27.69m | 132.46m | 355.00 |
| 2024 | 23.70m | 65.27m | 172.58 |
| 2023 | 17.32m | (163.58k) | 102.31 |
| 2022 | 21.32m | 78.79m | 122.02 |
Ownership
Directors and executive officers, together
1.10%
BlackRock Inc.55 East
9.60%
Aristotle Capital Management, LLC11100 Santa Monica Blvd., Suite
7.80%
Blackhill Capital, Inc.161 Madison AvenueMorristown, NJ
6.50%
State Street CorporationOne Congress Street, Suite
5.20%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards
at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s
shares at the start of the earliest year shown was worth at each year’s end.
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement
Williams-Sonoma, Inc. (WSM) Latest News
24 Oct
20 Oct
15 Oct
30 Sep
29 Sep
25 Sep
30 Aug
WSM metrics, ten years each
- Revenue
- Net income
- EPS (diluted)
- EBITDA
- Free cash flow
- Operating cash flow
- Gross margin
- Operating margin
- Net margin
- Free cash flow margin
- P/E ratio
- P/S ratio
- P/B ratio
- Price to free cash flow
- EV/EBITDA
- EV/Sales
- EV/FCF
- Return on equity
- Return on assets
- Return on invested capital
- Debt to equity
- Current ratio
- Total debt
- Shares outstanding
- Book value per share
- Revenue growth
- Piotroski F-score
- Altman Z-score
- Beneish M-score
Williams-Sonoma is an omni-channel specialty retailer of products for the home. It sells kitchen equipment, cookware, food, furniture, bedding, lighting, rugs, décor, hardware, personalized gifts and other home goods through brands aimed at different rooms, customer needs and life stages.
Its core portfolio comprises Williams Sonoma, Pottery Barn, Pottery Barn Kids, Pottery Barn Teen, West Elm, Williams Sonoma Home, Rejuvenation, Mark and Graham and GreenRow. Williams Sonoma focuses on cooking, dining and entertaining, while Pottery Barn and West Elm sell furnishings and décor. The children’s brands address baby, kids, teen and dorm uses; Rejuvenation sells lighting, hardware, furniture and décor; and Mark and Graham sells personalized gifts across home, travel, pet, baby and kids categories. GreenRow uses sustainable materials and artisan manufacturing practices.