Etsy (ETSY) Financials

$45.11 +0.03 (+0.07%)

Closing price 05/6/2025 04:00 PM Eastern

Extended Trading

$45.59 +0.48 (+1.07%)

As of 08:00 AM Eastern

Annual Income Statements for Etsy

This table shows Etsy's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-54	-30	82	77	96	349	494	-694	308	303
Consolidated Net Income / (Loss)	-54	-30	82	77	96	349	494	-694	308	303
Net Income / (Loss) Continuing Operations	-54	-30	82	77	96	349	494	-694	308	303
Total Pre-Tax Income	-28	-2.88	32	55	81	366	472	-662	293	411
Total Operating Income	-1.88	18	12	75	89	424	466	-659	280	380
Total Gross Profit	177	242	290	413	547	1,261	1,675	1,822	1,920	2,034
Total Revenue	273	365	441	604	818	1,726	2,329	2,566	2,748	2,808
Operating Revenue	273	365	441	604	818	1,726	2,329	2,566	2,748	2,808
Total Cost of Revenue	97	123	151	191	271	465	655	745	829	775
Operating Cost of Revenue	97	123	151	191	271	465	655	745	829	775
Total Operating Expenses	178	224	278	338	459	837	1,209	2,480	1,640	1,654
Selling, General & Admin Expense	69	86	91	83	121	156	283	312	343	354
Marketing Expense	67	82	109	158	216	501	655	710	759	857
Research & Development Expense	43	55	75	97	122	180	272	412	469	443
Impairment Charge	0.00	0.55	3.16	-	-	0.00	0.00	1,045	68	0.00
Total Other Income / (Expense), net	-26	-20	20	-20	-8.12	-58	5.92	-3.42	13	31
Interest Expense	1.53	7.20	11	22	24	59	9.89	14	14	14
Interest & Investment Income	0.32	1.70	2.39	8.96	13	7.10	2.14	11	36	31
Other Income / (Expense), net	-25	-15	29	-6.49	3.01	-6.52	14	-0.21	-8.98	13
Income Tax Expense	26	27	-50	-22	-15	16	-22	32	-15	107
Basic Earnings per Share	($0.59)	($0.26)	$0.69	$0.64	$0.80	$2.88	$3.88	($5.48)	$2.51	$2.64
Weighted Average Basic Shares Outstanding	91.12M	113.56M	118.54M	120.15M	119.67M	121.25M	127.22M	126.78M	122.50M	114.94M
Diluted Earnings per Share	($0.59)	($0.26)	$0.68	$0.61	$0.76	$2.69	$3.40	($5.48)	$2.24	$2.35
Weighted Average Diluted Shares Outstanding	91.12M	113.56M	122.27M	127.08M	125.72M	136.41M	146.68M	126.78M	140.15M	131.72M
Weighted Average Basic & Diluted Shares Outstanding	91.12M	115M	118.60M	119.57M	117.95M	126.05M	127.03M	124.65M	118.49M	107.07M

This table shows Etsy's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-963	110	75	62	88	83	63	53	57	130	-52
Consolidated Net Income / (Loss)	-963	110	75	62	88	83	63	53	57	130	-52
Net Income / (Loss) Continuing Operations	-963	110	75	62	88	83	63	53	57	130	-52
Total Pre-Tax Income	-949	128	81	5.41	97	109	80	79	74	178	-33
Total Operating Income	-955	139	78	-2.37	89	115	68	70	87	155	-22
Total Gross Profit	420	581	445	440	447	587	459	464	477	634	459
Total Revenue	594	807	641	629	636	842	646	648	662	852	651
Operating Revenue	594	807	641	629	636	842	646	648	662	852	651
Total Cost of Revenue	174	226	195	189	189	256	187	184	186	218	192
Operating Cost of Revenue	174	226	195	189	189	256	187	184	186	218	192
Total Operating Expenses	1,375	442	367	443	359	471	391	394	390	479	481
Selling, General & Admin Expense	75	85	80	87	84	93	89	96	86	83	80
Marketing Expense	147	245	171	166	161	261	192	183	197	285	189
Research & Development Expense	108	113	116	122	114	117	110	114	107	111	111
Impairment Charge	1,045	-	-	68	0.00	-	-	0.00	0.00	-	102
Total Other Income / (Expense), net	5.76	-11	3.07	7.79	8.41	-6.29	12	8.81	-13	23	-11
Income Tax Expense	14	18	6.73	-57	9.12	26	17	26	16	48	19
Basic Earnings per Share	($7.62)	$0.88	$0.60	$0.50	$0.72	$0.69	$0.53	$0.46	$0.50	$1.15	($0.49)
Weighted Average Basic Shares Outstanding	126.35M	126.78M	124.34M	123.46M	121.81M	122.50M	118.44M	116.43M	114.18M	114.94M	107.08M
Diluted Earnings per Share	($7.62)	$1.03	$0.53	$0.45	$0.64	$0.62	$0.48	$0.41	$0.45	$1.01	($0.49)
Weighted Average Diluted Shares Outstanding	126.35M	126.78M	142.97M	141.01M	138.89M	140.15M	135.34M	133.12M	130.75M	131.72M	107.08M
Weighted Average Basic & Diluted Shares Outstanding	125.69M	124.65M	123.35M	123.01M	119.75M	118.49M	116.93M	114.75M	112.49M	107.07M	104.28M

This table details how cash moves in and out of Etsy's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	202	-90	134	52	76	801	-464	141	-12	-103
Net Cash From Operating Activities	33	48	69	199	207	679	652	684	706	752
Net Cash From Continuing Operating Activities	33	48	69	199	207	679	652	684	706	752
Net Income / (Loss) Continuing Operations	-54	-30	82	77	96	349	494	-694	308	303
Consolidated Net Income / (Loss)	-54	-30	82	77	96	349	494	-694	308	303
Depreciation Expense	19	23	27	27	48	58	74	97	91	108
Non-Cash Adjustments To Reconcile Net Income	42	39	8.86	57	66	142	149	1,296	380	276
Changes in Operating Assets and Liabilities, net	9.32	-0.51	-49	37	-5.25	126	-65	-15	-74	65
Net Cash From Investing Activities	-23	-135	62	-285	-488	-11	-1,558	-30	-73	-53
Net Cash From Continuing Investing Activities	-23	-135	62	-285	-486	-11	-1,558	-30	-73	-53
Purchase of Property, Plant & Equipment	-21	-48	-13	-21	-15	-7.11	-28	-31	-40	-43
Acquisitions	0.00	-7.88	0.00	-35	-270	-0.88	-1,702	-6.46	-0.01	0.00
Purchase of Investments	-26	-161	-62	-514	-662	-499	-419	-270	-343	-331
Sale and/or Maturity of Investments	24	81	137	285	461	496	591	278	309	321
Net Cash From Financing Activities	196	-0.52	6.56	144	360	119	453	-506	-657	-787
Net Cash From Continuing Financing Activities	196	-0.52	6.56	144	360	119	453	-506	-657	-787
Repayment of Debt	-3.38	-9.19	-7.80	-16	-3.64	-156	-55	-10	-4.07	0.50
Repurchase of Common Equity	-4.05	0.00	-10	-135	-177	-269	-303	-426	-577	-724
Other Financing Activities, net	3.63	8.66	22	-50	-110	-106	-189	-70	-75	-64
Effect of Exchange Rate Changes	-3.95	-1.66	-	-6.00	-	14	-10	-6.02	12	-15
Cash Interest Paid	1.35	2.00	7.56	10	3.21	3.41	6.05	9.53	9.32	9.05
Cash Income Taxes Paid	7.60	11	1.00	0.97	2.08	8.54	94	42	43	90

This table details how cash moves in and out of Etsy's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	31	131	-134	55	-105	172	-125	-30	60	-7.76	-162
Net Cash From Operating Activities	207	292	56	136	219	295	69	151	217	315	49
Net Cash From Continuing Operating Activities	207	292	56	136	219	295	69	151	217	315	49
Net Income / (Loss) Continuing Operations	-963	110	75	62	88	83	63	53	57	130	-52
Consolidated Net Income / (Loss)	-963	110	75	62	88	83	63	53	57	130	-52
Depreciation Expense	24	23	23	23	22	23	27	27	28	26	27
Non-Cash Adjustments To Reconcile Net Income	1,095	88	112	113	72	83	70	122	167	-83	231
Changes in Operating Assets and Liabilities, net	51	71	-154	-62	36	106	-91	-51	-35	241	-157
Net Cash From Investing Activities	-3.46	-0.09	-36	-6.62	-11	-19	-25	-2.64	-9.02	-16	-21
Net Cash From Continuing Investing Activities	-3.46	-0.09	-36	-6.62	-11	-19	-25	-2.64	-9.02	-16	-21
Purchase of Property, Plant & Equipment	-8.06	-5.48	-8.21	-8.25	-11	-13	-9.71	-10	-13	-10	-14
Purchase of Investments	-72	-65	-117	-81	-91	-55	-142	-51	-74	-64	-117
Sale and/or Maturity of Investments	83	70	89	82	90	48	127	58	78	58	110
Net Cash From Financing Activities	-156	-184	-159	-78	-305	-116	-163	-175	-167	-282	-205
Net Cash From Continuing Financing Activities	-156	-184	-159	-78	-305	-116	-163	-175	-167	-282	-205
Repayment of Debt	1.85	-7.77	-2.60	0.05	-0.01	-1.51	0.56	3.26	-1.40	-1.92	-8.87
Repurchase of Common Equity	-151	-150	-148	-39	-297	-93	-158	-150	-156	-260	-189
Other Financing Activities, net	-7.04	-26	-7.76	-39	-7.63	-21	-5.23	-28	-9.54	-21	-6.74
Effect of Exchange Rate Changes	-16	24	4.53	2.76	-7.54	12	-6.40	-2.80	18	-24	14

This table presents Etsy's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	553	581	606	902	1,542	2,404	3,832	2,635	2,685	2,418
Total Current Assets	359	371	439	680	921	1,895	1,342	1,514	1,570	1,328
Cash & Equivalents	271	182	315	367	443	1,244	780	921	914	811
Short-Term Investments	22	100	25	257	374	425	204	250	236	228
Accounts Receivable	40	56	78	33	65	169	247	262	290	198
Prepaid Expenses	9.52	16	20	23	39	56	109	80	130	90
Plant, Property, & Equipment, net	105	126	118	120	145	112	275	250	250	237
Plant, Property & Equipment, gross	105	126	118	120	145	112	275	250	250	237
Total Noncurrent Assets	89	84	49	101	476	397	2,215	871	865	853
Long-Term Investments	-	-	-	0.00	89	39	85	29	87	112
Goodwill	28	36	39	37	139	141	1,371	138	138	137
Intangible Assets	2.87	7.51	4.10	35	199	187	607	535	457	414
Noncurrent Deferred & Refundable Income Taxes	-	-	0.16	23	14	0.12	96	122	138	146
Other Noncurrent Operating Assets	53	41	5.90	5.85	35	30	56	48	45	45
Total Liabilities & Shareholders' Equity	553	581	606	902	1,542	2,404	3,832	2,635	2,685	2,418
Total Liabilities	223	236	209	501	1,136	1,662	3,203	3,182	3,229	3,177
Total Current Liabilities	80	84	102	112	189	455	616	632	711	665
Accounts Payable	14	11	14	27	26	41	28	29	30	26
Accrued Expenses	31	24	29	49	88	232	328	331	354	375
Current Deferred Revenue	4.71	5.65	6.26	7.48	7.62	11	12	14	15	19
Other Current Liabilities	24	36	48	25	66	170	247	258	313	245
Total Noncurrent Liabilities	142	152	106	389	947	1,207	2,588	2,550	2,518	2,512
Long-Term Debt	-	-	0.00	276	785	1,062	2,275	2,280	2,284	2,288
Noncurrent Deferred & Payable Income Tax Liabilities	61	65	24	30	64	58	79	45	13	7.96
Other Noncurrent Operating Liabilities	73	82	78	80	98	87	233	226	221	215
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	330	345	397	401	407	742	629	-547	-544	-759
Total Preferred & Common Equity	330	345	397	401	407	742	629	-547	-544	-759
Preferred Stock	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	330	345	397	401	407	742	629	-547	-544	-759
Common Stock	406	443	500	562	643	883	632	815	1,081	1,323
Retained Earnings	-86	-116	-96	-153	-227	-147	72	-1,048	-1,357	-1,784
Accumulated Other Comprehensive Income / (Loss)	11	18	-6.38	-7.81	-8.70	5.95	-75	-314	-267	-298

This table presents Etsy's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	2,450	2,635	2,501	2,569	2,449	2,685	2,498	2,448	2,442	2,418	2,121
Total Current Assets	1,352	1,514	1,345	1,414	1,344	1,570	1,404	1,359	1,321	1,328	1,110
Cash & Equivalents	790	921	787	842	742	914	789	759	819	811	649
Short-Term Investments	251	250	253	235	235	236	255	241	226	228	219
Accounts Receivable	217	262	229	244	241	290	256	250	181	198	171
Prepaid Expenses	94	80	77	93	126	130	105	109	95	90	71
Plant, Property, & Equipment, net	250	250	248	243	246	250	242	239	243	237	238
Plant, Property & Equipment, gross	250	250	248	243	246	250	242	239	243	237	238
Total Noncurrent Assets	848	871	907	912	860	865	851	850	879	853	773
Long-Term Investments	32	29	57	74	77	87	84	94	107	112	129
Goodwill	136	138	138	138	137	138	138	138	139	137	36
Intangible Assets	517	535	534	474	453	457	445	436	444	414	414
Noncurrent Deferred & Refundable Income Taxes	115	122	129	170	146	138	141	138	144	146	149
Other Noncurrent Operating Assets	48	48	49	55	46	45	43	46	45	45	45
Total Liabilities & Shareholders' Equity	2,450	2,635	2,501	2,569	2,449	2,685	2,498	2,448	2,442	2,418	2,121
Total Liabilities	3,057	3,182	3,041	3,033	3,072	3,229	3,081	3,083	3,067	3,177	3,031
Total Current Liabilities	497	632	499	503	549	711	565	564	553	665	519
Accounts Payable	17	29	20	15	14	30	10	13	20	26	17
Accrued Expenses	250	331	240	232	272	354	263	257	299	375	264
Current Deferred Revenue	12	14	15	14	15	15	14	16	17	19	22
Other Current Liabilities	218	258	225	242	248	313	279	279	217	245	215
Total Noncurrent Liabilities	2,559	2,550	2,542	2,530	2,523	2,518	2,516	2,519	2,514	2,512	2,512
Long-Term Debt	2,279	2,280	2,281	2,282	2,283	2,284	2,285	2,286	2,287	2,288	2,289
Noncurrent Deferred & Payable Income Tax Liabilities	62	45	44	29	25	13	11	8.79	7.10	7.96	7.41
Other Noncurrent Operating Liabilities	219	226	217	219	215	221	220	224	219	215	215
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	-606	-547	-540	-464	-623	-544	-584	-635	-624	-759	-910
Total Preferred & Common Equity	-606	-547	-540	-464	-623	-544	-584	-635	-624	-759	-910
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	-606	-547	-540	-464	-623	-544	-584	-635	-624	-759	-910
Common Stock	774	815	914	958	1,028	1,081	1,152	1,203	1,270	1,323	1,385
Retained Earnings	-1,007	-1,048	-1,156	-1,135	-1,347	-1,357	-1,454	-1,553	-1,652	-1,784	-2,027
Accumulated Other Comprehensive Income / (Loss)	-373	-314	-298	-287	-304	-267	-282	-286	-242	-298	-268

This table displays calculated financial ratios and metrics derived from Etsy's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	39.83%	33.44%	20.90%	36.82%	35.56%	110.86%	34.97%	10.18%	7.10%	2.18%
EBITDA Growth	19.49%	368.89%	61.68%	40.16%	47.36%	237.37%	15.73%	-201.52%	164.44%	38.51%
EBIT Growth	-175.89%	109.80%	1,461.35%	66.58%	34.36%	354.94%	14.83%	-237.41%	141.12%	45.31%
NOPAT Growth	69.86%	1,032.96%	145.12%	248.88%	0.31%	283.65%	20.35%	-194.60%	163.76%	-4.50%
Net Income Growth	-254.67%	44.69%	373.57%	-5.27%	23.75%	264.20%	41.31%	-240.68%	144.30%	-1.39%
EPS Growth	-55.26%	55.93%	361.54%	-10.29%	24.59%	253.95%	26.39%	-261.18%	140.88%	4.91%
Operating Cash Flow Growth	174.30%	44.67%	44.07%	187.88%	4.02%	228.12%	-4.04%	4.92%	3.20%	6.66%
Free Cash Flow Firm Growth	117.99%	-251.59%	327.40%	190.45%	-207.25%	592.49%	-310.67%	167.31%	-61.69%	25.80%
Invested Capital Growth	-21.62%	64.48%	-11.42%	-10.84%	382.71%	-66.19%	1,802.68%	-71.02%	-5.37%	-24.85%
Revenue Q/Q Growth	9.17%	6.51%	6.28%	11.81%	9.35%	25.20%	4.48%	3.64%	1.29%	0.35%
EBITDA Q/Q Growth	221.06%	-21.57%	77.74%	8.79%	9.92%	39.54%	-0.02%	-0.95%	-8.26%	12.68%
EBIT Q/Q Growth	14.11%	-86.58%	584.72%	8.81%	3.55%	47.79%	-2.44%	-0.47%	-10.82%	15.58%
NOPAT Q/Q Growth	81.39%	167.76%	1,564.47%	3.11%	-13.60%	42.65%	0.54%	-0.44%	-9.69%	9.73%
Net Income Q/Q Growth	2.04%	-134.52%	422.12%	-4.32%	-9.41%	50.54%	2.71%	-8.10%	-7.87%	18.17%
EPS Q/Q Growth	46.85%	-183.87%	466.67%	-6.15%	-8.43%	48.62%	-1.16%	-1.29%	-15.47%	19.90%
Operating Cash Flow Q/Q Growth	73.51%	9.01%	37.01%	48.83%	-10.19%	32.13%	7.74%	0.19%	0.48%	2.71%
Free Cash Flow Firm Q/Q Growth	0.00%	70.24%	11.56%	102.22%	-25.34%	37.26%	0.43%	-0.11%	1.48%	15.30%
Invested Capital Q/Q Growth	9.29%	-7.24%	50.97%	-34.61%	-7.62%	-39.76%	-3.49%	-11.27%	-17.10%	-25.99%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	64.54%	66.21%	65.78%	68.40%	66.88%	73.07%	71.90%	70.98%	69.85%	72.42%
EBITDA Margin	3.31%	11.64%	15.56%	15.94%	17.33%	27.72%	23.77%	-21.90%	13.18%	17.86%
Operating Margin	-0.69%	4.82%	2.70%	12.39%	10.85%	24.57%	20.00%	-25.66%	10.18%	13.54%
EBIT Margin	-9.80%	0.72%	9.29%	11.31%	11.21%	24.19%	20.58%	-25.67%	9.86%	14.02%
Profit (Net Income) Margin	-19.77%	-8.19%	18.54%	12.84%	11.72%	20.24%	21.19%	-27.06%	11.19%	10.80%
Tax Burden Percent	193.12%	1,039.67%	253.53%	140.69%	118.91%	95.50%	104.63%	104.88%	105.04%	73.83%
Interest Burden Percent	104.49%	-109.52%	78.69%	80.64%	87.88%	87.60%	98.38%	100.49%	108.11%	104.36%
Effective Tax Rate	0.00%	0.00%	-153.53%	-40.69%	-18.91%	4.50%	-4.63%	0.00%	-5.04%	26.17%
Return on Invested Capital (ROIC)	-2.55%	20.46%	42.76%	167.90%	61.32%	212.24%	50.48%	-38.97%	56.83%	63.73%
ROIC Less NNEP Spread (ROIC-NNEP)	25.63%	35.67%	25.57%	176.15%	65.49%	226.75%	52.69%	-59.39%	58.11%	65.79%
Return on Net Nonoperating Assets (RNNOA)	-20.08%	-29.32%	-20.70%	-148.48%	-37.57%	-151.45%	21.51%	-1,668.05%	-113.21%	-110.29%
Return on Equity (ROE)	-22.63%	-8.86%	22.06%	19.43%	23.75%	60.79%	71.99%	-1,707.02%	-56.38%	-46.57%
Cash Return on Invested Capital (CROIC)	21.69%	-28.30%	54.87%	179.36%	-70.04%	311.17%	-129.55%	71.17%	62.35%	92.10%
Operating Return on Assets (OROA)	-6.70%	0.46%	6.91%	9.06%	7.51%	21.16%	15.37%	-20.37%	10.18%	15.43%
Return on Assets (ROA)	-13.53%	-5.27%	13.79%	10.28%	7.85%	17.70%	15.83%	-21.47%	11.56%	11.89%
Return on Common Equity (ROCE)	-18.83%	-8.86%	22.06%	19.43%	23.75%	60.79%	71.99%	-1,707.02%	-56.38%	-46.57%
Return on Equity Simple (ROE_SIMPLE)	-16.36%	-8.67%	20.61%	19.33%	23.58%	47.04%	78.51%	126.86%	-56.57%	-39.97%
Net Operating Profit after Tax (NOPAT)	-1.32	12	30	105	106	405	487	-461	294	281
NOPAT Margin	-0.48%	3.37%	6.84%	17.43%	12.90%	23.47%	20.92%	-17.96%	10.69%	10.00%
Net Nonoperating Expense Percent (NNEP)	-28.18%	-15.21%	17.20%	-8.25%	-4.17%	-14.51%	-2.21%	20.42%	-1.28%	-2.07%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-26.61%	16.89%	18.36%
Cost of Revenue to Revenue	35.46%	33.79%	34.22%	31.60%	33.12%	26.93%	28.10%	29.02%	30.15%	27.58%
SG&A Expenses to Revenue	25.21%	23.61%	20.73%	13.73%	14.80%	9.04%	12.13%	12.17%	12.49%	12.60%
R&D to Revenue	15.61%	15.09%	16.91%	16.11%	14.89%	10.44%	11.66%	16.07%	17.08%	15.78%
Operating Expenses to Revenue	65.23%	61.39%	63.08%	56.01%	56.04%	48.50%	51.90%	96.65%	59.67%	58.88%
Earnings before Interest and Taxes (EBIT)	-27	2.63	41	68	92	417	479	-659	271	394
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	9.06	42	69	96	142	478	554	-562	362	502
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.80	3.95	6.27	14.29	12.91	30.22	44.16	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	3.09	4.51	7.03	17.43	76.44	54.16	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	3.39	3.73	5.64	9.49	6.41	13.00	11.92	5.87	3.53	2.12
Price to Earnings (P/E)	0.00	0.00	30.43	73.95	54.74	64.23	56.25	0.00	31.56	19.62
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.29%	1.35%	1.83%	1.56%	1.78%	0.00%	3.17%	5.10%
Enterprise Value to Invested Capital (EV/IC)	14.21	14.59	32.58	91.21	17.98	225.98	15.79	30.35	21.38	18.75
Enterprise Value to Revenue (EV/Rev)	2.36	2.99	4.89	8.93	6.27	12.63	12.44	6.29	3.91	2.52
Enterprise Value to EBITDA (EV/EBITDA)	71.36	25.70	31.44	55.99	36.16	45.54	52.31	0.00	29.69	14.13
Enterprise Value to EBIT (EV/EBIT)	0.00	415.63	52.64	78.90	55.88	52.19	60.42	0.00	39.70	18.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	88.71	71.57	51.21	48.58	53.81	59.43	0.00	36.58	25.25
Enterprise Value to Operating Cash Flow (EV/OCF)	19.49	22.76	31.24	27.09	24.78	32.09	44.45	23.60	15.24	9.42
Enterprise Value to Free Cash Flow (EV/FCFF)	57.57	0.00	55.78	47.94	0.00	36.70	0.00	19.16	33.34	17.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.04	0.04	0.03	0.70	1.93	1.43	3.62	-4.17	-4.20	-3.02
Long-Term Debt to Equity	0.02	0.02	0.01	0.69	1.93	1.43	3.62	-4.17	-4.20	-3.02
Financial Leverage	-0.78	-0.82	-0.81	-0.84	-0.57	-0.67	0.41	28.09	-1.95	-1.68
Leverage Ratio	1.67	1.68	1.60	1.89	3.03	3.43	4.55	79.50	-4.88	-3.92
Compound Leverage Factor	1.75	-1.84	1.26	1.52	2.66	3.01	4.48	79.89	-5.27	-4.09
Debt to Total Capital	3.84%	3.40%	2.44%	41.33%	65.88%	58.86%	78.35%	131.59%	131.25%	149.62%
Short-Term Debt to Total Capital	1.63%	1.91%	1.43%	0.57%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	2.20%	1.48%	1.01%	40.77%	65.88%	58.86%	78.35%	131.59%	131.25%	149.62%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	96.16%	96.60%	97.56%	58.67%	34.12%	41.14%	21.65%	-31.59%	-31.25%	-49.62%
Debt to EBITDA	1.46	0.29	0.14	2.94	5.54	2.22	4.11	-4.06	6.31	4.56
Net Debt to EBITDA	-30.88	-6.36	-4.82	-3.55	-0.86	-1.35	2.18	-1.92	2.89	2.27
Long-Term Debt to EBITDA	0.84	0.12	0.06	2.89	5.54	2.22	4.11	-4.06	6.31	4.56
Debt to NOPAT	-9.99	0.99	0.33	2.68	7.44	2.62	4.67	-4.95	7.77	8.15
Net Debt to NOPAT	212.07	-21.94	-10.96	-3.25	-1.15	-1.60	2.47	-2.34	3.56	4.05
Long-Term Debt to NOPAT	-5.74	0.43	0.14	2.65	7.44	2.62	4.67	-4.95	7.77	8.15
Altman Z-Score	3.22	4.41	8.55	8.30	3.86	10.02	6.47	2.83	2.84	2.12
Noncontrolling Interest Sharing Ratio	16.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.48	4.42	4.29	6.07	4.89	4.17	2.18	2.40	2.21	2.00
Quick Ratio	4.15	4.03	4.09	5.87	4.68	4.04	2.00	2.27	2.03	1.86
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	11	-17	39	112	-121	594	-1,251	842	322	406
Operating Cash Flow to CapEx	159.13%	100.45%	525.24%	967.72%	1,354.37%	9,549.31%	2,312.93%	2,223.63%	1,768.38%	1,729.89%
Free Cash Flow to Firm to Interest Expense	7.36	-2.36	3.48	5.07	-4.96	10.08	-126.52	59.42	22.97	29.39
Operating Cash Flow to Interest Expense	21.73	6.66	6.21	8.97	8.51	11.53	65.91	48.25	50.24	54.50
Operating Cash Flow Less CapEx to Interest Expense	8.07	0.03	5.03	8.04	7.88	11.41	63.06	46.08	47.40	51.35
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.68	0.64	0.74	0.80	0.67	0.87	0.75	0.79	1.03	1.10
Accounts Receivable Turnover	8.35	7.62	6.56	10.81	16.62	14.71	11.17	10.08	9.96	11.50
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	3.03	3.15	3.62	5.08	6.18	13.41	12.02	9.78	11.00	11.55
Accounts Payable Turnover	8.58	9.73	12.28	9.50	10.25	13.83	19.00	26.23	28.25	27.71
Days Sales Outstanding (DSO)	43.72	47.89	55.66	33.75	21.96	24.81	32.67	36.22	36.65	31.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	42.55	37.53	29.73	38.43	35.60	26.39	19.21	13.91	12.92	13.17
Cash Conversion Cycle (CCC)	1.16	10.37	25.93	-4.67	-13.64	-1.58	13.46	22.31	23.73	18.57
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	45	75	66	59	285	96	1,834	532	503	378
Invested Capital Turnover	5.29	6.07	6.26	9.63	4.75	9.04	2.41	2.17	5.31	6.38
Increase / (Decrease) in Invested Capital	-13	29	-8.54	-7.18	226	-189	1,738	-1,303	-29	-125
Enterprise Value (EV)	646	1,091	2,158	5,388	5,128	21,787	28,963	16,134	10,752	7,087
Market Capitalization	926	1,361	2,489	5,730	5,249	22,433	27,757	15,055	9,705	5,950
Book Value per Share	$2.95	$2.98	$3.26	$3.33	$3.43	$5.89	$4.96	($4.35)	($4.54)	($6.75)
Tangible Book Value per Share	$2.68	$2.61	$2.91	$2.73	$0.58	$3.28	($10.65)	($9.71)	($9.51)	($11.64)
Total Capital	344	357	407	683	1,192	1,805	2,904	1,732	1,740	1,529
Total Debt	13	12	9.91	282	785	1,062	2,275	2,280	2,284	2,288
Total Long-Term Debt	7.57	5.30	4.12	279	785	1,062	2,275	2,280	2,284	2,288
Net Debt	-280	-270	-331	-342	-121	-646	1,206	1,079	1,047	1,137
Capital Expenditures (CapEx)	21	48	13	21	15	7.11	28	31	40	43
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-8.32	12	2.04	-52	-85	-229	-259	-290	-291	-377
Debt-free Net Working Capital (DFNWC)	285	294	343	572	733	1,440	726	882	860	663
Net Working Capital (NWC)	279	287	337	568	733	1,440	726	882	860	663
Net Nonoperating Expense (NNE)	53	42	-52	28	9.65	56	-6.20	233	-14	-23
Net Nonoperating Obligations (NNO)	-285	-270	-331	-342	-121	-646	1,206	1,079	1,047	1,137
Total Depreciation and Amortization (D&A)	36	40	28	28	50	61	74	97	91	108
Debt-free, Cash-free Net Working Capital to Revenue	-3.04%	3.22%	0.46%	-8.64%	-10.35%	-13.28%	-11.11%	-11.29%	-10.58%	-13.42%
Debt-free Net Working Capital to Revenue	104.04%	80.52%	77.64%	94.77%	89.51%	83.45%	31.17%	34.37%	31.28%	23.59%
Net Working Capital to Revenue	101.99%	78.64%	76.33%	94.13%	89.51%	83.45%	31.17%	34.37%	31.28%	23.59%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.59)	($0.26)	$0.69	$0.64	$0.80	$2.88	$3.88	($5.48)	$2.51	$2.64
Adjusted Weighted Average Basic Shares Outstanding	112.70M	116.13M	118.54M	120.15M	119.67M	121.25M	127.22M	126.78M	122.50M	114.94M
Adjusted Diluted Earnings per Share	($0.59)	($0.26)	$0.68	$0.61	$0.76	$2.69	$3.40	($5.48)	$2.24	$2.35
Adjusted Weighted Average Diluted Shares Outstanding	112.70M	116.13M	122.27M	127.08M	125.72M	136.41M	146.68M	126.78M	140.15M	131.72M
Adjusted Basic & Diluted Earnings per Share	($0.59)	($0.26)	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	91.12M	113.56M	121.50M	119.57M	117.95M	126.05M	127.03M	124.65M	118.49M	107.07M
Normalized Net Operating Profit after Tax (NOPAT)	-1.32	13	11	52	62	405	326	271	244	281
Normalized NOPAT Margin	-0.48%	3.48%	2.39%	8.67%	7.59%	23.47%	14.00%	10.54%	8.86%	10.00%
Pre Tax Income Margin	-10.24%	-0.79%	7.31%	9.12%	9.85%	21.19%	20.25%	-25.80%	10.65%	14.63%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	-17.56	0.36	3.68	3.08	3.77	7.09	48.50	-46.50	19.29	28.51
NOPAT to Interest Expense	-0.86	1.71	2.71	4.74	4.34	6.88	49.30	-32.54	20.93	20.33
EBIT Less CapEx to Interest Expense	-31.21	-6.26	2.50	2.15	3.15	6.97	45.65	-48.67	16.45	25.36
NOPAT Less CapEx to Interest Expense	-14.52	-4.92	1.53	3.82	3.71	6.76	46.45	-34.71	18.09	17.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-7.50%	0.00%	12.59%	173.76%	184.56%	76.92%	61.35%	-61.32%	187.59%	238.69%

This table displays calculated financial ratios and metrics derived from Etsy's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.65%	12.56%	10.64%	7.48%	7.04%	4.35%	0.79%	3.01%	4.10%	1.17%	0.81%
EBITDA Growth	-969.69%	-8.45%	-7.06%	-79.05%	111.90%	-14.58%	-6.35%	372.71%	3.46%	31.08%	-94.77%
EBIT Growth	-1,239.37%	-8.40%	-7.25%	-103.24%	109.28%	-17.14%	-12.93%	3,058.22%	-1.96%	34.36%	-132.79%
NOPAT Growth	-843.70%	-25.02%	-15.06%	-137.40%	112.00%	-26.22%	-24.91%	273.61%	-15.90%	28.32%	-129.02%
Net Income Growth	-1,170.91%	-32.19%	-13.44%	-15.33%	109.12%	-23.99%	-15.47%	-14.39%	-34.70%	56.01%	-182.69%
EPS Growth	-1,329.03%	-6.36%	-11.67%	-11.76%	108.40%	-39.81%	-9.43%	-8.89%	-29.69%	62.90%	-202.08%
Operating Cash Flow Growth	127.17%	0.44%	-6.57%	8.36%	5.78%	1.15%	24.09%	10.85%	-0.50%	6.73%	-28.75%
Free Cash Flow Firm Growth	138.37%	190.08%	181.40%	173.31%	-88.55%	-91.80%	-90.66%	-85.93%	125.38%	104.09%	40.71%
Invested Capital Growth	-68.48%	-71.02%	-66.27%	-63.06%	1.28%	-5.37%	-11.02%	-16.38%	-15.83%	-24.85%	-33.39%
Revenue Q/Q Growth	1.60%	35.79%	-20.61%	-1.87%	1.18%	32.38%	-23.31%	0.29%	2.25%	28.65%	-23.59%
EBITDA Q/Q Growth	-1,047.82%	117.42%	-37.48%	-79.70%	438.19%	25.07%	-31.45%	2.44%	17.79%	58.47%	-97.27%
EBIT Q/Q Growth	-1,405.02%	114.59%	-43.88%	-103.03%	3,833.39%	30.38%	-41.03%	3.05%	23.73%	78.69%	-114.39%
NOPAT Q/Q Growth	-1,021.57%	117.86%	-39.91%	-137.82%	395.76%	9.76%	-38.84%	-12.56%	43.28%	67.48%	-113.83%
Net Income Q/Q Growth	-1,417.05%	111.37%	-31.96%	-16.93%	41.89%	-5.22%	-24.33%	-15.87%	8.23%	126.45%	-140.10%
EPS Q/Q Growth	-1,594.12%	113.52%	-48.54%	-15.09%	42.22%	-3.13%	-22.58%	-14.58%	9.76%	124.44%	-148.51%
Operating Cash Flow Q/Q Growth	64.26%	41.24%	-80.93%	144.96%	60.35%	35.06%	-76.61%	118.82%	43.93%	44.86%	-84.38%
Free Cash Flow Firm Q/Q Growth	141.78%	124.54%	-5.97%	-16.90%	-93.47%	60.75%	7.07%	25.19%	4.60%	45.56%	-26.18%
Invested Capital Q/Q Growth	-66.81%	-11.27%	21.16%	3.54%	-9.00%	-17.10%	13.92%	-2.70%	-8.40%	-25.99%	0.97%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	70.66%	72.03%	69.50%	70.00%	70.32%	69.64%	71.03%	71.58%	71.98%	74.45%	70.51%
EBITDA Margin	-156.55%	20.09%	15.82%	3.27%	17.40%	16.44%	14.70%	15.01%	17.29%	21.30%	0.76%
Operating Margin	-160.61%	17.26%	12.20%	-0.38%	13.92%	13.71%	10.54%	10.83%	13.11%	18.20%	-3.43%
EBIT Margin	-160.61%	17.26%	12.20%	-0.38%	13.92%	13.71%	10.54%	10.83%	13.11%	18.20%	-3.43%
Profit (Net Income) Margin	-162.00%	13.57%	11.63%	9.85%	13.81%	9.89%	9.75%	8.18%	8.66%	15.24%	-8.00%
Tax Burden Percent	101.48%	85.66%	91.71%	1,143.61%	90.60%	76.27%	79.10%	67.11%	77.72%	72.84%	156.36%
Interest Burden Percent	99.40%	91.78%	103.93%	-228.25%	109.50%	94.55%	116.98%	112.55%	85.02%	114.96%	149.23%
Effective Tax Rate	0.00%	14.34%	8.29%	-1,043.61%	9.40%	23.73%	20.90%	32.89%	22.28%	27.16%	0.00%
Return on Invested Capital (ROIC)	-222.71%	32.07%	23.03%	-9.32%	56.75%	55.55%	37.73%	32.92%	51.02%	84.55%	-14.15%
ROIC Less NNEP Spread (ROIC-NNEP)	-245.62%	31.22%	23.27%	-1.76%	57.37%	55.10%	38.51%	33.43%	50.17%	86.09%	-17.13%
Return on Net Nonoperating Assets (RNNOA)	8,700.91%	876.69%	411.39%	-35.40%	-113.67%	-107.35%	-80.21%	-70.67%	-95.13%	-144.32%	28.07%
Return on Equity (ROE)	8,478.20%	908.76%	434.42%	-44.73%	-56.92%	-51.80%	-42.48%	-37.75%	-44.10%	-59.78%	13.92%
Cash Return on Invested Capital (CROIC)	67.43%	71.17%	62.68%	50.22%	52.71%	62.35%	56.73%	61.85%	62.98%	92.10%	78.44%
Operating Return on Assets (OROA)	-133.62%	13.70%	10.27%	-0.33%	15.41%	14.16%	11.61%	11.97%	15.00%	20.04%	-4.18%
Return on Assets (ROA)	-134.78%	10.77%	9.79%	8.52%	15.29%	10.21%	10.75%	9.04%	9.91%	16.78%	-9.75%
Return on Common Equity (ROCE)	8,478.20%	908.76%	434.42%	-44.73%	-56.92%	-51.80%	-42.48%	-37.75%	-44.10%	-59.78%	13.92%
Return on Equity Simple (ROE_SIMPLE)	105.94%	0.00%	130.67%	154.48%	-53.63%	0.00%	-50.71%	-45.22%	-41.11%	0.00%	-20.67%
Net Operating Profit after Tax (NOPAT)	-668	119	72	-27	80	88	54	47	67	113	-16
NOPAT Margin	-112.43%	14.79%	11.19%	-4.31%	12.61%	10.45%	8.34%	7.27%	10.19%	13.26%	-2.40%
Net Nonoperating Expense Percent (NNEP)	22.91%	0.86%	-0.23%	-7.56%	-0.63%	0.45%	-0.78%	-0.51%	0.86%	-1.55%	2.98%
Return On Investment Capital (ROIC_SIMPLE)	-	6.89%	-	-	-	5.06%	-	-	-	7.39%	-1.13%
Cost of Revenue to Revenue	29.34%	27.97%	30.50%	30.00%	29.68%	30.36%	28.97%	28.42%	28.02%	25.55%	29.49%
SG&A Expenses to Revenue	12.54%	10.47%	12.48%	13.78%	13.21%	10.99%	13.79%	14.82%	13.01%	9.71%	12.32%
R&D to Revenue	18.17%	13.97%	18.09%	19.40%	17.91%	13.95%	17.01%	17.67%	16.19%	13.08%	16.97%
Operating Expenses to Revenue	231.27%	54.77%	57.30%	70.38%	56.41%	55.93%	60.49%	60.75%	58.87%	56.25%	73.93%
Earnings before Interest and Taxes (EBIT)	-955	139	78	-2.37	89	115	68	70	87	155	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-931	162	101	21	111	138	95	97	115	182	4.96
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	5.12	5.87	5.28	3.91	2.93	3.53	2.99	2.49	2.28	2.12	1.80
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	23.80	31.56	27.80	24.02	24.83	19.62	26.84
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	4.20%	3.17%	3.60%	4.16%	4.03%	5.10%	3.73%
Enterprise Value to Invested Capital (EV/IC)	23.17	30.35	23.39	17.35	15.12	21.38	16.38	14.51	14.70	18.75	16.62
Enterprise Value to Revenue (EV/Rev)	5.61	6.29	5.73	4.33	3.38	3.91	3.41	2.92	2.68	2.52	2.25
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	23.24	29.69	25.73	18.33	16.86	14.13	15.93
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	30.20	39.70	34.80	23.63	22.05	18.00	21.89
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	28.18	36.58	34.23	30.02	29.34	25.25	34.64
Enterprise Value to Operating Cash Flow (EV/OCF)	20.35	23.60	22.16	16.76	13.06	15.24	13.06	11.03	10.25	9.42	8.66
Enterprise Value to Free Cash Flow (EV/FCFF)	16.47	19.16	18.82	18.64	28.87	33.34	27.19	21.36	21.34	17.47	16.94
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	-3.76	-4.17	-4.22	-4.92	-3.67	-4.20	-3.91	-3.60	-3.66	-3.02	-2.51
Long-Term Debt to Equity	-3.76	-4.17	-4.22	-4.92	-3.67	-4.20	-3.91	-3.60	-3.66	-3.02	-2.51
Financial Leverage	-35.42	28.09	17.68	20.11	-1.98	-1.95	-2.08	-2.11	-1.90	-1.68	-1.64
Leverage Ratio	-81.97	79.50	45.70	52.73	-3.99	-4.88	-4.45	-4.56	-3.92	-3.92	-3.09
Compound Leverage Factor	-81.47	72.96	47.49	-120.36	-4.37	-4.61	-5.20	-5.14	-3.34	-4.50	-4.61
Debt to Total Capital	136.25%	131.59%	131.04%	125.54%	137.50%	131.25%	134.32%	138.46%	137.55%	149.62%	166.02%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	136.25%	131.59%	131.04%	125.54%	137.50%	131.25%	134.32%	138.46%	137.55%	149.62%	166.02%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	-36.25%	-31.59%	-31.04%	-25.54%	-37.50%	-31.25%	-34.32%	-38.46%	-37.55%	-49.62%	-66.02%
Debt to EBITDA	-4.09	-4.06	-4.00	-3.53	5.78	6.31	6.26	5.18	5.14	4.56	5.75
Net Debt to EBITDA	-2.16	-1.92	-2.08	-1.75	3.11	2.89	3.17	2.70	2.55	2.27	3.24
Long-Term Debt to EBITDA	-4.09	-4.06	-4.00	-3.53	5.78	6.31	6.26	5.18	5.14	4.56	5.75
Debt to NOPAT	-4.96	-4.95	-4.90	-4.41	7.01	7.77	8.33	8.48	8.94	8.15	12.50
Net Debt to NOPAT	-2.63	-2.34	-2.55	-2.18	3.78	3.56	4.22	4.43	4.44	4.05	7.06
Long-Term Debt to NOPAT	-4.96	-4.95	-4.90	-4.41	7.01	7.77	8.33	8.48	8.94	8.15	12.50
Altman Z-Score	2.06	3.83	3.65	2.91	2.40	2.65	2.38	2.07	1.94	1.79	1.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.72	2.40	2.69	2.81	2.45	2.21	2.49	2.41	2.39	2.00	2.14
Quick Ratio	2.53	2.27	2.54	2.62	2.22	2.03	2.30	2.21	2.22	1.86	2.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	633	1,422	1,337	1,111	73	117	125	156	164	238	176
Operating Cash Flow to CapEx	2,561.88%	5,323.91%	677.93%	1,651.97%	2,006.30%	2,351.43%	710.73%	1,468.32%	1,668.20%	3,009.93%	353.58%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.83	0.79	0.84	0.87	1.11	1.03	1.10	1.11	1.14	1.10	1.22
Accounts Receivable Turnover	12.11	10.08	11.93	12.02	11.83	9.96	11.36	11.23	13.25	11.50	13.18
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	9.78	10.11	10.58	10.95	11.00	11.23	11.51	11.45	11.55	11.73
Accounts Payable Turnover	48.18	26.23	43.05	47.64	51.54	28.25	54.63	58.13	48.17	27.71	56.63
Days Sales Outstanding (DSO)	30.13	36.22	30.59	30.36	30.85	36.65	32.13	32.49	27.56	31.74	27.70
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	7.58	13.91	8.48	7.66	7.08	12.92	6.68	6.28	7.58	13.17	6.45
Cash Conversion Cycle (CCC)	22.56	22.31	22.11	22.70	23.77	23.73	25.45	26.21	19.98	18.57	21.26
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	599	532	644	667	607	503	573	558	511	378	382
Invested Capital Turnover	1.98	2.17	2.06	2.16	4.50	5.31	4.53	4.53	5.01	6.38	5.89
Increase / (Decrease) in Invested Capital	-1,302	-1,303	-1,266	-1,138	7.69	-29	-71	-109	-96	-125	-191
Enterprise Value (EV)	13,883	16,134	15,061	11,568	9,173	10,752	9,386	8,089	7,507	7,087	6,344
Market Capitalization	12,677	15,055	13,877	10,437	7,944	9,705	8,229	6,897	6,372	5,950	5,052
Book Value per Share	($4.79)	($4.35)	($4.33)	($3.76)	($5.06)	($4.54)	($4.93)	($5.43)	($5.44)	($6.75)	($8.50)
Tangible Book Value per Share	($9.95)	($9.71)	($9.73)	($8.73)	($9.86)	($9.51)	($9.85)	($10.33)	($10.52)	($11.64)	($12.71)
Total Capital	1,672	1,732	1,740	1,818	1,660	1,740	1,701	1,651	1,663	1,529	1,379
Total Debt	2,279	2,280	2,281	2,282	2,283	2,284	2,285	2,286	2,287	2,288	2,289
Total Long-Term Debt	2,279	2,280	2,281	2,282	2,283	2,284	2,285	2,286	2,287	2,288	2,289
Net Debt	1,205	1,079	1,184	1,131	1,229	1,047	1,157	1,193	1,135	1,137	1,292
Capital Expenditures (CapEx)	8.06	5.48	8.21	8.25	11	13	9.71	10	13	10	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-186	-290	-194	-166	-182	-291	-204	-205	-277	-377	-277
Debt-free Net Working Capital (DFNWC)	855	882	846	911	795	860	839	795	768	663	591
Net Working Capital (NWC)	855	882	846	911	795	860	839	795	768	663	591
Net Nonoperating Expense (NNE)	295	9.81	-2.82	-89	-7.62	4.80	-9.15	-5.91	10	-17	36
Net Nonoperating Obligations (NNO)	1,205	1,079	1,184	1,131	1,229	1,047	1,157	1,193	1,135	1,137	1,292
Total Depreciation and Amortization (D&A)	24	23	23	23	22	23	27	27	28	26	27
Debt-free, Cash-free Net Working Capital to Revenue	-7.52%	-11.29%	-7.37%	-6.22%	-6.70%	-10.58%	-7.42%	-7.41%	-9.91%	-13.42%	-9.84%
Debt-free Net Working Capital to Revenue	34.53%	34.37%	32.19%	34.08%	29.30%	31.28%	30.48%	28.66%	27.43%	23.59%	21.00%
Net Working Capital to Revenue	34.53%	34.37%	32.19%	34.08%	29.30%	31.28%	30.48%	28.66%	27.43%	23.59%	21.00%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($7.62)	$0.88	$0.60	$0.50	$0.72	$0.69	$0.53	$0.46	$0.50	$1.15	($0.49)
Adjusted Weighted Average Basic Shares Outstanding	126.35M	126.78M	124.34M	123.46M	121.81M	122.50M	118.44M	116.43M	114.18M	114.94M	107.08M
Adjusted Diluted Earnings per Share	($7.62)	$1.03	$0.53	$0.45	$0.64	$0.62	$0.48	$0.41	$0.45	$1.01	($0.49)
Adjusted Weighted Average Diluted Shares Outstanding	126.35M	126.78M	142.97M	141.01M	138.89M	140.15M	135.34M	133.12M	130.75M	131.72M	107.08M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	125.69M	124.65M	123.35M	123.01M	119.75M	118.49M	116.93M	114.75M	112.49M	107.07M	104.28M
Normalized Net Operating Profit after Tax (NOPAT)	63	119	72	46	80	88	54	47	67	113	56
Normalized NOPAT Margin	10.63%	14.79%	11.19%	7.32%	12.61%	10.45%	8.34%	7.27%	10.19%	13.26%	8.53%
Pre Tax Income Margin	-159.64%	15.84%	12.68%	0.86%	15.24%	12.96%	12.33%	12.19%	11.14%	20.93%	-5.12%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-53.51%	-61.32%	-72.44%	-68.06%	190.03%	187.59%	198.33%	243.33%	217.15%	238.69%	401.07%

Frequently Asked Questions About Etsy's Financials

When does Etsy's financial year end?

According to the most recent income statement we have on file, Etsy's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Etsy's net income changed over the last 9 years?

Etsy's net income appears to be on an upward trend, with a most recent value of $303.28 million in 2024, falling from -$54.06 million in 2015. The previous period was $307.57 million in 2023. Find out what analysts predict for Etsy in the coming months.

What is Etsy's operating income?

Etsy's total operating income in 2024 was $380.21 million, based on the following breakdown:

Total Gross Profit: $2.03 billion
Total Operating Expenses: $1.65 billion

How has Etsy revenue changed over the last 9 years?

Over the last 9 years, Etsy's total revenue changed from $273.50 million in 2015 to $2.81 billion in 2024, a change of 926.8%.

How much debt does Etsy have?

Etsy's total liabilities were at $3.18 billion at the end of 2024, a 1.6% decrease from 2023, and a 1,327.3% increase since 2015.

How much cash does Etsy have?

In the past 9 years, Etsy's cash and equivalents has ranged from $181.59 million in 2016 to $1.24 billion in 2020, and is currently $811.18 million as of their latest financial filing in 2024.

How has Etsy's book value per share changed over the last 9 years?

Over the last 9 years, Etsy's book value per share changed from 2.95 in 2015 to -6.75 in 2024, a change of -328.8%.

Related Companies

This page (NASDAQ:ETSY) was last updated on 5/7/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Etsy (ETSY) Financials

Frequently Asked Questions About Etsy's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

Etsy (ETSY) Financials

Annual Income Statements for Etsy

Quarterly Income Statements for Etsy

Annual Cash Flow Statements for Etsy

Quarterly Cash Flow Statements for Etsy

Annual Balance Sheets for Etsy

Quarterly Balance Sheets for Etsy

Annual Metrics and Ratios for Etsy

Quarterly Metrics and Ratios for Etsy

Frequently Asked Questions About Etsy's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools