Etsy Inc
Research Etsy Inc (ETSY) on Bullrun: valuation model: 36.6% overvalued, market cap USD 7.80B, P/E 49.7. Explore financials, valuation history, model signals, and stock context.
Key Metrics
- TickerETSY
- ExchangeNYSE
- CountryUnited States
- SectorConsumer Cyclical
- IndustryInternet Retail
- CurrencyUSD
- Valuation signal36.6% overvalued
- Market capUSD 7.80B
- P/E49.7
- Financial periodQ2 2026
- RevenueUSD 668.31M
- Net income-USD 46.65M
- Free cash flowUSD 32.78M
- Gross margin72.4%
Valuation Snapshot
Bullrun's latest valuation model marks Etsy Inc as 36.6% overvalued; latest market cap is USD 7.80B; P/E is 49.7.
Peer valuation comparison
Latest P/E is 49.67x versus a Consumer Cyclical sector median of 17.59x (182.4% above).
Latest P/E is 49.67x versus a United States median of 24.87x (99.8% above).
Five-year financial history
| Year | Revenue | Net income | Free cash flow | Gross margin | Diluted EPS | Cash | Total debt | Equity |
|---|---|---|---|---|---|---|---|---|
| FY2025 | USD 2.88B | USD 163.00M | USD 678.03M | 71.6% | 1.39 | USD 1.36B | USD 2.98B | -USD 1.10B |
| FY2024 | USD 2.81B | USD 303.00M | USD 738.26M | 72.4% | 2.35 | USD 811.18M | USD 2.29B | -USD 758.87M |
| FY2023 | USD 2.75B | USD 308.00M | USD 692.56M | 69.8% | 2.24 | USD 914.32M | USD 2.28B | -USD 543.72M |
| FY2022 | USD 2.57B | -USD 694.00M | USD 673.38M | 71.0% | -5.48 | USD 921.28M | USD 2.28B | -USD 547.27M |
Valuation history
| Year | Snapshot date | Market cap | P/E | Dividend yield | Annual dividend/share |
|---|---|---|---|---|---|
| 2026 | 2026-08-25 | USD 7.80B | 49.7 | n/a | n/a |
| 2025 | 2025-12-31 | USD 5.38B | 40.8 | n/a | n/a |
| 2024 | 2024-12-31 | USD 5.74B | 22.3 | n/a | n/a |
| 2023 | 2023-12-29 | USD 9.71B | 33.9 | n/a | n/a |
| 2022 | 2022-12-30 | USD 15.05B | n/a | n/a | n/a |
| 2021 | 2021-12-31 | USD 27.81B | 64.2 | n/a | n/a |
About Etsy Inc
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, and internationally. It operates through Etsy and Depop segments. The company operates Etsy marketplace that connects artisans with various consumers; and Depop, a fashion resale marketplace.
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Frequently asked questions
Is Etsy Inc overvalued or undervalued?
Bullrun's valuation model currently marks Etsy Inc as 36.6% overvalued.
What is Etsy Inc's market cap?
Etsy Inc's market capitalization is USD 7.80B.
What is Etsy Inc's P/E ratio?
Etsy Inc's price-to-earnings (P/E) ratio is 49.7.
What does Etsy Inc do?
Etsy, Inc., together with its subsidiaries, operates two-sided online marketplaces that connect buyers and sellers in the United States, the United Kingdom, and internationally. It operates through Etsy and Depop segments. The company operates Etsy marketplace that connects artisans with various consumers; and Depop, a fashion resale marketplace. It also provides marketplace activities, including transaction offsite advertising, payments processing, and listing fees, as well as from optional seller services, which include on-site advertising and shipping labels.