Etsy
Financial ratios & Valuation

Forward Multiples (2025 – 2028)

2025202620272028
Price/Earnings ratio
22.3718.6215.2210.78
Price/Sales ratio
2.712.532.382.17
Earnings per Share (EPS)
$2.83$3.40$4.16$5.87

Historical Multiples (2014 – 2023)

2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 TTM Median
Valuation Ratios
Price/Earnings ratio
-184.40-13.92-44.7329.6377.9755.2861.7656.44-21.8732.28-18.7555.28
Price/Sales ratio
14.372.753.665.4910.006.4712.5011.955.913.615.076.47
Price/Book Value ratio
18.832.273.886.1015.0713.0329.0544.31-27.74-18.26-23.7913.03
Price/Cash Flow ratio
232.5525.7628.6035.9530.3725.6131.7742.7522.2114.0719.0525.61
Price/Free Cash Flow ratio
1.12K89.86-1.34K44.6733.8727.6632.1044.6823.2514.9119.9427.66
Price/Earnings Growth ratio
-0.10-0.050.79-0.08-6.721.770.231.620.09-0.220.07-6.72
Dividend Yield
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Profitability Indicator Ratios
Gross Profit Margin
62.35%64.54%66.20%65.78%68.40%66.88%73.06%71.89%70.98%69.84%70.98%68.40%
Operating Profit Margin
-3.19%-0.68%4.81%2.69%12.38%10.84%24.57%19.99%-25.66%10.18%15.06%12.38%
Pretax Profit Margin
-5.24%-10.23%-0.78%7.31%9.12%9.85%21.19%20.25%-25.79%10.65%-25.79%9.85%
Net Profit Margin
-7.79%-19.76%-8.19%18.53%12.83%11.71%20.23%21.18%-27.05%11.19%-27.05%11.71%
Effective Tax Rate
-48.56%-93.12%-939.67%-153.52%-40.69%-18.90%4.50%-4.63%-4.88%-5.03%-4.88%-40.69%
Return on Assets
-6.11%-9.77%-5.14%13.50%8.59%6.21%14.52%12.87%-26.34%11.45%-26.34%6.21%
Return On Equity
-10.21%-16.35%-8.67%20.61%19.32%23.58%47.04%78.50%126.86%-56.56%-2653.85%23.58%
Return on Capital Employed
-3.00%-0.39%3.53%2.36%9.46%6.55%21.74%14.48%-32.87%14.17%19.29%9.46%
Liquidity Ratios
Current Ratio
N/A4.484.414.286.074.884.16N/AN/AN/A2.394.88
Quick Ratio
3.134.484.414.286.074.884.162.172.392.202.264.88
Cash ratio
1.683.382.163.073.272.352.731.261.451.281.452.35
Days of Sales Outstanding
48.4752.7656.2464.8020.1429.0635.8338.7837.2438.5237.2420.14
Days of Inventory outstanding
N/A0.000.00N/A0.00N/A0.000.00N/AN/AN/AN/A
Operating Cycle
48.4752.7656.2464.8020.1429.0635.8338.7837.2438.529.1829.06
Days of Payables Outstanding
93.2154.1232.4932.9327.36102.49147.40138.42128.78130.07191.4227.36
Cash Conversion Cycle
-44.73-1.3623.7531.87-7.22-73.42-111.57-99.63-91.53-91.54-154.18-73.42
Debt Ratios
Debt Ratio
N/A0.010.010.000.310.500.440.590.860.851.200.31
Debt Equity Ratio
N/A0.010.010.010.691.931.433.61-4.16-4.20-5.811.93
Long-term Debt to Capitalization
N/AN/AN/AN/A0.400.650.580.781.311.311.290.40
Total Debt to Capitalization
N/A0.010.010.010.410.650.580.781.311.311.290.41
Interest Coverage Ratio
N/A-1.232.431.353.373.6410.08N/AN/AN/AN/A3.64
Cash Flow to Debt Ratio
N/A5.206.8411.620.700.260.630.280.290.300.280.26
Company Equity Multiplier
1.661.671.681.522.243.793.236.09-4.81-4.93-4.813.79
Cash Flow Ratios
Operating Cash Flow / Sales Ratio
0.060.100.120.150.320.250.390.270.260.250.260.25
Free Cash Flow / Operating Cash Flow Ratio
0.200.28-0.020.800.890.920.980.950.950.940.950.89
Cash Flow Coverage Ratio
N/A5.206.8411.620.700.260.630.280.290.300.280.26
Short Term Coverage Ratio
N/A5.206.8411.6251.21N/A150.34N/AN/AN/A144.4951.21
Dividend Payout Ratio
N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A