ETSY - Etsy, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$70.24
DETAILS
HIGH:
$85.00
LOW:
$55.00
MEDIAN:
$72.00
CONSENSUS:
$70.24
UPSIDE:
12.60%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||||||||
| Revenue | 2,883.5 | 2,808.3 | 2,748.4 | 2,566.1 | 2,329.1 | 1,725.6 | 818.4 | 603.7 | 441.2 | 365.0 | 273.5 | 195.6 | 125.0 | 74.6 |
| Cost of Revenue | 817.8 | 774.6 | 828.7 | 744.6 | 654.5 | 464.7 | 271.0 | 190.8 | 151.0 | 123.3 | 97.0 | 73.6 | 47.8 | 24.5 |
| Gross Profit | 2,065.7 | 2,033.8 | 1,919.7 | 1,821.5 | 1,674.6 | 1,260.9 | 547.3 | 412.9 | 290.2 | 241.6 | 176.5 | 122.0 | 77.2 | 50.1 |
| Operating Expenses | ||||||||||||||
| R&D Expenses | 450.2 | 443.1 | 469.3 | 412.4 | 271.5 | 180.1 | 121.9 | 97.2 | 74.6 | 55.1 | 42.7 | 36.6 | 27.5 | 18.7 |
| SG&A Expenses | 1,247.6 | 1,210.5 | 1,102.4 | 1,022.7 | 937.3 | 656.8 | 336.7 | 240.9 | 200.6 | 168.4 | 135.7 | 91.6 | 49.0 | 32.8 |
| Other Expenses | 0 | 0 | 68.1 | 1,045.0 | 0 | 0 | 0 | 0 | 3.2 | 0.6 | 0 | 0 | 0 | 0 |
| Operating Expenses | 1,697.8 | 1,653.6 | 1,639.9 | 2,480.1 | 1,208.9 | 836.9 | 458.6 | 338.1 | 278.3 | 224.1 | 178.4 | 128.2 | 76.5 | 51.5 |
| Operating Income | ||||||||||||||
| Operating Income | 367.9 | 380.2 | 279.8 | (658.6) | 465.7 | 424.0 | 88.8 | 74.8 | 11.9 | 17.6 | (1.9) | (6.3) | 0.7 | (1.4) |
| Interest Expense | 18.5 | 13.8 | 14.0 | 14.2 | 9.9 | 42.0 | 24.3 | 22.2 | 11.1 | 7.2 | 1.5 | 0.6 | 0.3 | 0.5 |
| Interest Income | 44.5 | 31.0 | 36.0 | 11.0 | 2.1 | 7.1 | 13.2 | 9.0 | 2.4 | 1.7 | 0.3 | 0.0 | 0.0 | 0.0 |
| Profitability | ||||||||||||||
| EBITDA | 367.0 | 532.7 | 398.2 | (551.1) | 555.8 | 465.9 | 153.0 | 104.0 | 70.6 | 26.9 | (7.9) | 7.6 | 12.7 | 5.9 |
| EBIT | 265.2 | 424.6 | 306.9 | (647.8) | 481.5 | 407.7 | 105.0 | 77.3 | 43.4 | 4.3 | (26.5) | (9.7) | 0.4 | (2.0) |
| Income Before Tax | 246.7 | 410.8 | 292.8 | (662.0) | 471.7 | 365.7 | 80.6 | 55.1 | 32.3 | (2.9) | (28.0) | (10.3) | 0.1 | (2.5) |
| Income Tax Expense | 83.7 | 107.5 | (14.7) | 32.3 | (21.9) | 16.5 | (15.2) | (22.4) | (49.5) | 27.0 | 26.1 | 5.0 | 0.9 | (0.1) |
| Net Income | 163.0 | 303.3 | 307.6 | (694.3) | 493.5 | 349.2 | 95.9 | 77.5 | 81.8 | (29.9) | (54.1) | (15.2) | (0.8) | (2.4) |
| Per Share Data | ||||||||||||||
| EPS (Basic) | 1.68 | 2.64 | 2.56 | -5.48 | 3.88 | 2.88 | 0.80 | 0.61 | 0.69 | -0.26 | -0.59 | -0.16 | -0.01 | -0.06 |
| EPS (Diluted) | 1.39 | 2.35 | 2.24 | -5.48 | 3.40 | 2.69 | 0.76 | 0.61 | 0.68 | -0.26 | -0.59 | -0.16 | -0.01 | -0.06 |
| Shares Outstanding | 98.2 | 114.9 | 122.5 | 126.8 | 127.2 | 121.3 | 119.7 | 127.0 | 118.5 | 113.6 | 91.1 | 93.7 | 93.7 | 37.4 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||||
| Cash & Cash Equivalents | 1,395.8 | 811.2 | 914.3 | 921.3 | 780.2 | 1,244.1 | 443.3 | 367.0 | 315.4 | 181.6 |
| Short-Term Investments | 224.1 | 228.3 | 236.1 | 250.4 | 204.4 | 425.1 | 374.0 | 257.3 | 25.1 | 100.5 |
| Net Receivables | 213.7 | 198.3 | 290.1 | 261.8 | 247.5 | 169.4 | 65.2 | 33.3 | 78.3 | 56.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 127.4 | 89.9 | 129.9 | 80.2 | 0 | 0 | 0 | 0 | 0 | 17.1 |
| Total Current Assets | 1,961.0 | 1,327.7 | 1,570.4 | 1,513.7 | 1,341.5 | 1,894.8 | 921.0 | 680.3 | 439.3 | 371.0 |
| Non-Current Assets | ||||||||||
| Property, Plant & Equipment | 229.2 | 236.7 | 249.8 | 249.7 | 275.1 | 112.5 | 144.9 | 120.2 | 117.6 | 126.4 |
| Goodwill | 38.1 | 137.1 | 138.4 | 137.7 | 1,371.1 | 140.8 | 138.7 | 37.5 | 38.5 | 35.7 |
| Intangible Assets | 297.4 | 413.9 | 457.1 | 535.4 | 607.2 | 187.4 | 199.2 | 34.6 | 4.1 | 7.5 |
| Long-Term Investments | 134.4 | 111.7 | 86.7 | 29.1 | 85.0 | 39.1 | 89.3 | 5.3 | 5.3 | 5.3 |
| Other Non-Current Assets | 48.0 | 45.0 | 45.2 | 47.7 | 56.1 | 29.7 | 34.9 | 0.5 | 0.6 | 1.0 |
| Total Non-Current Assets | 866.3 | 1,090.1 | 1,115.0 | 1,121.2 | 2,490.3 | 509.7 | 621.3 | 221.6 | 166.3 | 210.2 |
| Total Assets | 2,827.3 | 2,417.8 | 2,685.4 | 2,635.0 | 3,831.8 | 2,404.5 | 1,542.4 | 901.9 | 605.6 | 581.2 |
| Current Liabilities | ||||||||||
| Account Payables | 233.8 | 215.5 | 29.9 | 262.7 | 248.2 | 40.9 | 76.1 | 14.3 | 13.6 | 11.0 |
| Short-Term Debt | 649.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 5.8 | 6.8 |
| Deferred Revenue | 27.0 | 19.2 | 14.6 | 14.0 | 12.3 | 11.3 | 7.6 | 7.5 | 6.3 | 5.6 |
| Other Current Liabilities | 453.8 | 124.9 | 564.3 | 506.2 | 492.6 | 320.5 | 118.8 | 55.1 | 42.3 | 29.5 |
| Total Current Liabilities | 1,363.6 | 665.1 | 710.8 | 631.8 | 615.6 | 454.7 | 188.5 | 112.1 | 102.5 | 84.0 |
| Non-Current Liabilities | ||||||||||
| Long-Term Debt | 93.5 | 2,288.1 | 2,283.8 | 2,279.6 | 2,275.4 | 1,062.3 | 785.1 | 276.5 | 0 | 0 |
| Deferred Tax Liabilities | 8.8 | 8.0 | 13.2 | 44.7 | 79.5 | 58.5 | 64.5 | 30.5 | 23.8 | 65.1 |
| Other Non-Current Liabilities | 2,459.4 | 122.0 | 121.7 | 120.4 | 122.4 | 41.6 | 44.0 | 19.9 | 18.3 | 24.7 |
| Total Non-Current Liabilities | 2,561.7 | 2,511.5 | 2,518.3 | 2,550.5 | 2,587.6 | 1,207.4 | 947.2 | 388.9 | 106.2 | 152.4 |
| Total Liabilities | 3,925.3 | 3,176.6 | 3,229.1 | 3,182.2 | 3,203.2 | 1,662.1 | 1,135.7 | 501.0 | 208.7 | 236.4 |
| Stockholders' Equity | ||||||||||
| Common Stock | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | (2,404.0) | (1,784.0) | (1,357.4) | (1,048.3) | 71.7 | (146.8) | (227.4) | (153.4) | (96.3) | (116.3) |
| Accumulated Other Comprehensive Income | (226.4) | (297.7) | (267.5) | (314.2) | (75.0) | 6.0 | (8.7) | (7.8) | (6.4) | 18.5 |
| Total Stockholders' Equity | (1,098.1) | (758.9) | (543.7) | (547.3) | 628.6 | 742.4 | 406.6 | 400.9 | 396.9 | 344.8 |
| Total Liabilities & Equity | 2,827.3 | 2,417.8 | 2,685.4 | 2,635.0 | 3,831.8 | 2,404.5 | 1,542.4 | 901.9 | 605.6 | 581.2 |
| Debt Metrics | ||||||||||
| Total Debt | 742.5 | 2,387.7 | 2,389.5 | 2,390.1 | 2,388.1 | 1,115.8 | 847.0 | 342.5 | 70.0 | 69.5 |
| Net Debt | (653.3) | 1,576.5 | 1,475.2 | 1,468.8 | 1,607.9 | (128.3) | 403.7 | (24.5) | (245.5) | (112.1) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Net Income | 163.0 | 303.3 | 307.6 | (694.3) | 493.5 | 349.2 | 95.9 | 77.5 | 81.8 | (29.9) |
| Depreciation & Amortization | 101.8 | 108.1 | 91.3 | 96.7 | 74.3 | 58.2 | 48.0 | 26.7 | 27.2 | 22.5 |
| Stock-Based Compensation | 244.7 | 282.8 | 284.6 | 230.9 | 139.9 | 65.1 | 44.4 | 38.2 | 26.6 | 15.9 |
| Change in Working Capital | (0.7) | 79.7 | (23.7) | 40.5 | 23.9 | 124.2 | 10.0 | 59.3 | 0.3 | (10.5) |
| Other Non-Cash Items | 145.3 | (7.0) | 95.9 | 1,065.1 | 8.9 | 80.0 | 23.9 | 19.5 | (17.2) | 22.8 |
| Operating Cash Flow | 693.4 | 752.5 | 705.5 | 683.6 | 651.6 | 679.0 | 206.9 | 198.9 | 69.1 | 48.0 |
| Investing Activities | ||||||||||
| Capital Expenditure | (54.7) | (43.5) | (39.9) | (37.2) | (30.1) | (7.1) | (15.3) | (20.6) | (13.2) | (47.8) |
| Acquisitions | 100.5 | 0 | 0 | 0 | (1,700.0) | 0 | (270.4) | 0 | 0 | (7.9) |
| Purchases of Investments | (326.6) | (330.8) | (342.9) | (270.3) | (418.5) | (499.2) | (661.8) | (514.3) | (62.3) | (160.5) |
| Sales/Maturities of Investments | 312.8 | 321.2 | 309.5 | 277.5 | 590.6 | 495.8 | 461.1 | 284.9 | 137.3 | 80.7 |
| Other Investing Activities | (39.3) | (29.3) | (27.0) | (27.0) | (1.9) | (0.9) | (2.0) | (35.5) | 0 | 0 |
| Investing Cash Flow | 32.1 | (53.1) | (73.3) | (30.0) | (1,558.0) | (11.4) | (488.4) | (285.4) | 61.8 | (135.4) |
| Financing Activities | ||||||||||
| Net Debt Issuance | 693.8 | (6.1) | (6.3) | (6.3) | 947.2 | 503.6 | 639.2 | 328.8 | (13.7) | (6.1) |
| Stock Repurchased | (776.9) | (723.9) | (577.0) | (425.7) | (302.8) | (268.7) | (177.0) | (134.6) | (10.3) | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Financing Activities | (104.5) | (61.1) | (87.5) | (89.5) | (214.4) | (115.7) | (102.6) | (50.1) | 30.5 | 5.6 |
| Financing Cash Flow | (169.9) | (787.2) | (656.5) | (506.5) | 452.7 | 119.3 | 359.6 | 144.0 | 6.6 | (0.5) |
| Cash Position | ||||||||||
| Net Change in Cash | 593.2 | (103.1) | (12.3) | 141.1 | (463.9) | 800.8 | 76.3 | 51.5 | 133.8 | (89.7) |
| Cash at Beginning | 811.2 | 914.3 | 926.6 | 785.5 | 1,249.4 | 448.6 | 372.3 | 320.8 | 186.9 | 276.6 |
| Cash at End | 1,404.4 | 811.2 | 914.3 | 926.6 | 785.5 | 1,249.4 | 448.6 | 372.3 | 320.8 | 186.9 |
| Free Cash Flow | 638.8 | 709.0 | 665.6 | 646.4 | 621.4 | 671.8 | 191.6 | 178.4 | 55.9 | 0.2 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||||
| Revenue | 2,883.5 | 2,808.3 | 2,748.4 | 2,566.1 | 2,329.1 | 1,725.6 | 818.4 | 603.7 | 441.2 | 365.0 | 273.5 | 195.6 | 125.0 | 74.6 |
| Gross Profit | 2,065.7 | 2,033.8 | 1,919.7 | 1,821.5 | 1,674.6 | 1,260.9 | 547.3 | 412.9 | 290.2 | 241.6 | 176.5 | 122.0 | 77.2 | 50.1 |
| Operating Income | 367.9 | 380.2 | 279.8 | (658.6) | 465.7 | 424.0 | 88.8 | 74.8 | 11.9 | 17.6 | (1.9) | (6.3) | 0.7 | (1.4) |
| Net Income | 163.0 | 303.3 | 307.6 | (694.3) | 493.5 | 349.2 | 95.9 | 77.5 | 81.8 | (29.9) | (54.1) | (15.2) | (0.8) | (2.4) |
| EPS (Diluted) | 1.39 | 2.35 | 2.24 | -5.48 | 3.40 | 2.69 | 0.76 | 0.61 | 0.68 | -0.26 | -0.59 | -0.16 | -0.01 | -0.06 |
| Balance Sheet | ||||||||||||||
| Cash & Equivalents | 1,395.8 | 811.2 | 914.3 | 921.3 | 780.2 | 1,244.1 | 443.3 | 367.0 | 315.4 | 181.6 | ||||
| Total Assets | 2,827.3 | 2,417.8 | 2,685.4 | 2,635.0 | 3,831.8 | 2,404.5 | 1,542.4 | 901.9 | 605.6 | 581.2 | ||||
| Total Debt | 742.5 | 2,387.7 | 2,389.5 | 2,390.1 | 2,388.1 | 1,115.8 | 847.0 | 342.5 | 70.0 | 69.5 | ||||
| Stockholders' Equity | (1,098.1) | (758.9) | (543.7) | (547.3) | 628.6 | 742.4 | 406.6 | 400.9 | 396.9 | 344.8 | ||||
| Cash Flow | ||||||||||||||
| Operating Cash Flow | 693.4 | 752.5 | 705.5 | 683.6 | 651.6 | 679.0 | 206.9 | 198.9 | 69.1 | 48.0 | ||||
| Capital Expenditure | (54.7) | (43.5) | (39.9) | (37.2) | (30.1) | (7.1) | (15.3) | (20.6) | (13.2) | (47.8) | ||||
| Free Cash Flow | 638.8 | 709.0 | 665.6 | 646.4 | 621.4 | 671.8 | 191.6 | 178.4 | 55.9 | 0.2 | ||||