# Etsy Inc. (ETSY) fundamentals

Data as of 2026-09-08. NYSE, United States. Sector: Consumer Cyclical / Internet & Direct Marketing Retail. Price $76.51, market value $7.0 billion.

## Valuation
- **P/E (trailing): 24.2×** (5-yr avg 40.7×, 3-yr avg 32.9×). Etsy Inc. trades at 24.2× trailing earnings, well below its own five-year average of 40.7×: cheap by its own standards. The Consumer Cyclical median in the September 2026 study was 19.5×. Forward P/E is 11.1×, lower than trailing, so analysts expect earnings to grow.
- **Price / sales: 2.4×**. Each dollar of revenue is priced at 2.4×.
- **EV / EBITDA: 16.6×**. Enterprise value is 16.6× operating earnings before depreciation, the multiple that ignores how the company is financed.
- **Free-cash-flow yield: 9.2%** (5-yr avg 6.6%). Free cash flow equals 9.2% of the market value, above its five-year average of 6.6%, so the shares are cheaper on cash than they have usually been. Above 5% is generally attractive.
- **Earnings yield: 4.1%**. The inverse of the P/E: 4.1% of the price is earned each year.

## Profitability
- **Gross margin: 71.4%**. Etsy Inc. keeps 71.4% of revenue after the direct cost of what it sells, the kind of margin that comes with software, brands or pricing power.
- **Operating margin: 14.3%**. 14.3% of revenue is left after running the business.
- **Net margin: 5.7%**. 5.7% of each dollar of sales reaches the bottom line.
- **Return on equity: -14.8%**. Return on equity is negative because earnings are negative.
- **Return on invested capital: 64.8%**. Return on all capital, debt included, is 64.8%: comfortably above what that capital costs.
- **Return on assets: 7.4%**. Each dollar of assets produces 7.4% of profit.

## Growth
- **Revenue growth (1 yr): 2.7%** (3-yr 4.0%/yr, 5-yr 10.8%/yr). Revenue grew 2.7% over the last year, against 10.8% a year compounded over five years: growth is slowing.
- **EPS growth (1 yr): -40.9%** (5-yr -12.4%/yr). Earnings per share fell 40.9%, slower than revenue, so margins compressed.
- **Free-cash-flow growth (3 yr): 0.2%/yr**. Free cash flow has compounded at 0.2% a year over three years.

## Financial health
- **Net debt / EBITDA: 3.1×**. It would take 3.1 years of operating earnings to repay net borrowings, above the 3× level most lenders treat as comfortable.
- **Current ratio: 1.44** (quick 1.44). Current assets cover the next year's liabilities 1.44 times.
- **Altman Z-score: 2.11**. A Z-score of 2.11 is in the grey zone; not distressed, not clearly safe.
- **Piotroski F-score: 5/9**. 5 of 9 checks pass: mixed.

## Dividends
- **Dividend: none**. Etsy Inc. does not currently pay a dividend.

## Analyst view
- **Analyst consensus: hold** (26 analysts). 26 analysts cover Etsy Inc.; the consensus is hold, with an average price target of $87.04 (+14% from the current price). Analyst opinion is shown for context; it is not part of the Fundamental Score.

## Price and momentum
- **Total return (1 yr): 46.5%** (YTD 38.0%, 3-mo 14.4%). The shares are up 46.5% over twelve months including dividends.
- **From 52-week high: -13.0%** (73.9% above the low). Trading 13% below its 52-week high.
- **200-day average: above**. The price sits above its 200-day moving average, the usual definition of an uptrend.
- **RSI (14-day): 40**. An RSI of 40 is neutral.
- **Beta (1 yr): 1.18** (volatility 54%). Beta of 1.18 against the S&P 500: the shares move roughly with the market.

Live score and charts: https://foliofundamentals.com/analyzer?s=ETSY · Page: https://foliofundamentals.com/stocks/etsy

Not investment advice.