Etsy (ETSY) Financials

$50.48 +2.88 (+6.05%)

Closing price 05/27/2025 04:00 PM Eastern

Extended Trading

$50.08 -0.40 (-0.79%)

As of 04:01 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	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	303	308	-694	494	349	96	77	82	-30	-54
Consolidated Net Income / (Loss)	303	308	-694	494	349	96	77	82	-30	-54
Net Income / (Loss) Continuing Operations	303	308	-694	494	349	96	77	82	-30	-54
Total Pre-Tax Income	411	293	-662	472	366	81	55	32	-2.88	-28
Total Operating Income	380	280	-659	466	424	89	75	12	18	-1.88
Total Gross Profit	2,034	1,920	1,822	1,675	1,261	547	413	290	242	177
Total Revenue	2,808	2,748	2,566	2,329	1,726	818	604	441	365	273
Operating Revenue	2,808	2,748	2,566	2,329	1,726	818	604	441	365	273
Total Cost of Revenue	775	829	745	655	465	271	191	151	123	97
Operating Cost of Revenue	775	829	745	655	465	271	191	151	123	97
Total Operating Expenses	1,654	1,640	2,480	1,209	837	459	338	278	224	178
Selling, General & Admin Expense	354	343	312	283	156	121	83	91	86	69
Marketing Expense	857	759	710	655	501	216	158	109	82	67
Research & Development Expense	443	469	412	272	180	122	97	75	55	43
Impairment Charge	0.00	68	1,045	0.00	0.00	-	-	3.16	0.55	0.00
Total Other Income / (Expense), net	31	13	-3.42	5.92	-58	-8.12	-20	20	-20	-26
Interest Expense	14	14	14	9.89	59	24	22	11	7.20	1.53
Interest & Investment Income	31	36	11	2.14	7.10	13	8.96	2.39	1.70	0.32
Other Income / (Expense), net	13	-8.98	-0.21	14	-6.52	3.01	-6.49	29	-15	-25
Income Tax Expense	107	-15	32	-22	16	-15	-22	-50	27	26
Basic Earnings per Share	$2.64	$2.51	($5.48)	$3.88	$2.88	$0.80	$0.64	$0.69	($0.26)	($0.59)
Weighted Average Basic Shares Outstanding	114.94M	122.50M	126.78M	127.22M	121.25M	119.67M	120.15M	118.54M	113.56M	91.12M
Diluted Earnings per Share	$2.35	$2.24	($5.48)	$3.40	$2.69	$0.76	$0.61	$0.68	($0.26)	($0.59)
Weighted Average Diluted Shares Outstanding	131.72M	140.15M	126.78M	146.68M	136.41M	125.72M	127.08M	122.27M	113.56M	91.12M
Weighted Average Basic & Diluted Shares Outstanding	107.07M	118.49M	124.65M	127.03M	126.05M	117.95M	119.57M	118.60M	115M	91.12M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About Etsy's Financials

When does Etsy's fiscal year end?

According to the most recent income statement we have on file, Etsy's financial year ends in December. Their financial 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%.

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This page (NASDAQ:ETSY) was last updated on 5/28/2025 by MarketBeat.com Staff

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Etsy (ETSY) Financials

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Etsy (ETSY) Financials

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