Etsy, Inc. (ETSY) vs Global-e Online Ltd. (GLBE)

Etsy, Inc. and Global-e Online Ltd. are both Internet Retail companies. Etsy, Inc. and Global-e Online Ltd. are of similar size ($6.9B and $6.4B). Etsy, Inc. trades at the lower P/E: 32.3× against 44.1×. Global-e Online Ltd. grew revenue faster over the last twelve months: 31.4% against 6.74%. Global-e Online Ltd. has the higher net margin (13.9% vs 7.11%) and the lower return on invested capital (26.5% vs 47.1%). Across the 21 metrics below, Etsy, Inc. leads on 11 and Global-e Online Ltd. on 10.

Valuation

Metric ETSY GLBE Internet Retail median
P/E 32.28 44.14 22.73
P/S 2.20 6.07 0.64
P/B n/m 7.45 1.65
Price to free cash flow 10.64 23.20 14.11
EV/EBITDA 16.12 31.18 15.68
EV/Sales 2.86 5.59 0.76
Earnings yield 3.10% 2.27% (0.11%)
Free cash flow yield 9.40% 4.31% 0.00%

Profitability

Metric ETSY GLBE Internet Retail median
Gross margin 71.40% 45.22% 43.51%
Operating margin 14.31% 14.25% 0.08%
Net margin 7.11% 13.87% 0.56%
Free cash flow margin 20.86% 26.16% 0.00%
Return on equity (16.61%) 16.96% 0.00%
Return on assets 8.38% 11.96% 0.00%
Return on invested capital 47.13% 26.46% 0.00%

Growth

Metric ETSY GLBE Internet Retail median
Revenue growth (TTM) 6.74% 31.40% 10.60%
EPS growth (last fiscal year) (40.85%) 186.67% —
Revenue growth, 5-year CAGR 10.81% 47.81% 10.81%
Net income growth, 5-year CAGR (14.14%) 148.19% 0.00%

Health

Metric ETSY GLBE Internet Retail median
Debt to equity (2.20) 0.00 0.13
Current ratio 1.48 2.07 1.49
Net debt to EBITDA 3.96 (3.93) (0.25)

Dividend

Metric ETSY GLBE Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric ETSY GLBE Internet Retail median
Market cap 6.35b 6.87b 443.85m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack