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Etsy stock: key metrics
ETSYEtsy had an operating margin of 12.8% and a return on invested capital (ROIC) of 51.3% in fiscal 2025.
Margins show how much of revenue is left over, returns on capital how hard the invested money works.
Daily figure as of 13 Nov 2026
Margins
- Gross margin
- Operating margin
- Net margin
Figures as a table
| Year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| 2012 | 67.2% | −1.8% | −3.2% |
| 2013 | 61.8% | 0.6% | −0.6% |
| 2014 | 62.4% | −3.2% | −7.8% |
| 2015 | 64.5% | −0.7% | −19.8% |
| 2016 | 66.2% | 4.8% | −8.2% |
| 2017 | 65.8% | 2.7% | 18.5% |
| 2018 | 68.4% | 12.4% | 12.8% |
| 2019 | 66.9% | 10.8% | 11.7% |
| 2020 | 73.1% | 24.6% | 20.2% |
| 2021 | 71.9% | 20.0% | 21.2% |
| 2022 | 71.0% | −25.7% | −27.1% |
| 2023 | 69.8% | 10.2% | 11.2% |
| 2024 | 72.4% | 13.5% | 10.8% |
| 2025 | 71.6% | 12.8% | 5.7% |
Returns on capital
- ROE
- ROIC
- ROA
Figures as a table
| Year | ROE | ROIC | ROA |
|---|---|---|---|
| 2012 | −2.9% | −4.3% | −2.6% |
| 2013 | −19.9% | 0.4% | −0.7% |
| 2014 | −10.2% | −15.1% | −6.1% |
| 2015 | −16.4% | −1.4% | −9.8% |
| 2016 | −8.7% | 11.8% | −5.1% |
| 2017 | 20.6% | 9.2% | 13.5% |
| 2018 | 19.3% | 61.0% | 8.6% |
| 2019 | 23.6% | 32.0% | 6.2% |
| 2020 | 47.0% | 129.5% | 14.5% |
| 2021 | 78.5% | 41.9% | 12.9% |
| 2022 | 126.9% | −38.5% | −26.3% |
| 2023 | −56.6% | 41.0% | 11.5% |
| 2024 | −40.0% | 43.7% | 12.5% |
| 2025 | −14.8% | 51.3% | 5.8% |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong, published since 7 Nov 2026 (in the score history since 18 Oct 2026)
- Valuation signal Undervalued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.