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ETSY · NYSE · United States · Services-Business Services, Nec
In shortETSY INC is profitable.
Financial health
Mixed
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 9.2% | 47/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 5.7% | 43/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | – | 0/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 9.3% | 62/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 1.44× | 53/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | – | 0/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 3.81× | 5/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 14.38× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | -1.05 | 0/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 23.5% | 100/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 4.16× | 100/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 4 of 5 | 80/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 13.6% | 61/100 |
| Operating margin volatility | 17.9% | 0/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 4.0% | 39/100 |
|---|---|---|
| EPS growth, 3-year average | – | n/a |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 2,329 | 2,566 | 2,748 | 2,808 | 2,884 |
| Cost of revenue | 655 | 745 | 829 | 775 | 818 |
| Gross profit | 1,675 | 1,822 | 1,920 | 2,034 | 2,066 |
| Research & development | 272 | 412 | 469 | 443 | 450 |
| Operating income | 466 | (659) | 280 | 380 | 266 |
| Interest expense | 9.9 | 14 | 14 | 14 | 19 |
| Pre-tax income | 472 | (662) | 293 | 411 | 247 |
| Income tax | (22) | 32 | (15) | 107 | 84 |
| Net income | 494 | (694) | 308 | 303 | 163 |
| Diluted EPS | $3.40 | −$5.48 | $2.24 | $2.35 | $1.39 |
| Diluted shares (millions) | 147 | 127 | 140 | 132 | 124 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
−1.05 Distress zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
5/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 5, 2026