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Etsy operates a top-10 e-commerce marketplace in the US and the UK, with sizable operations in Germany, France, Australia, and Canada. The firm dominates an interesting niche, connecting buyers and sellers through its online market to exchange vintage and craft goods. With $12.5 billion in 2024 consolidated gross merchandise volume, Etsy has cemented itself as one of the largest players in a quickly growing space, generating revenue from listing fees, commissions on sold items, advertising services, payment processing, and shipping labels. As of the end of 2024, the firm connected more than 95 million buyers and 8 million sellers on its marketplace properties: Etsy, Reverb (musical equipment), and Depop (clothing resale).
2006
2.4K+
LTM Revenue $2.8B
LTM EBITDA $774M
$6.0B
Benchmark forward-looking revenue and EBITDA valuation multiples across generative AI, climate tech, semiconductors, online marketplaces, vertical SaaS and 220 more verticals.
Etsy has a last 12-month revenue of $2.8B and a last 12-month EBITDA of $774M.
In the most recent fiscal year, Etsy achieved revenue of $2.8B and an EBITDA of $533M.
Etsy expects next 12-month revenue of XXX and NTM EBITDA of XXX
See Etsy valuation multiples based on analyst estimates| FY 2023 | FY 2024 | FY 2025 | LTM | NTM | |
|---|---|---|---|---|---|
| Revenue | $2.7B | $2.8B | XXX | XXX | XXX |
| Gross Profit | $1.8B | $1.9B | XXX | XXX | XXX |
| Gross Margin | 66% | 68% | XXX | XXX | XXX |
| EBITDA | $398M | $533M | XXX | XXX | XXX |
| EBITDA Margin | 14% | 19% | XXX | XXX | XXX |
| Net Profit | -$694M | $308M | XXX | XXX | XXX |
| Net Margin | -25% | 11% | XXX | XXX | XXX |
| Net Debt | $1.4B | $1.4B | XXX | XXX | XXX |
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As of April 15, 2025, Etsy's stock price is $44.
Etsy has current market cap of $4.7B, and EV of $6.0B.
See Etsy trading valuation data| EV | Market Cap | Price 1D | Price 1M | Price 3M | Price 12M | EPS |
|---|---|---|---|---|---|---|
| $6.0B | $4.7B | XXX | XXX | XXX | XXX | $2.40 |
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Sign UpAs of April 15, 2025, Etsy has market cap of $4.7B and EV of $6.0B.
Etsy's trades at 2.1x LTM EV/Revenue multiple, and 7.8x LTM EBITDA.
Analysts estimate Etsy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See valuation multiples for Etsy and 10K+ public comps| FY 2024 | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|
| EV | $6.0B | XXX | XXX | XXX |
| EV/Revenue | 2.1x | XXX | XXX | XXX |
| EV/EBITDA | 11.3x | XXX | XXX | XXX |
| P/E | 15.4x | XXX | XXX | XXX |
| P/E/Growth | 2.7x | XXX | XXX | XXX |
| EV/FCF | 8.5x | XXX | XXX | XXX |
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Access all public comps and forward-looking valuation multiples like EV/Revenue in 2025, based on equity research analyst estimates.
Sign UpEtsy's NTM/LTM revenue growth is 0%
Etsy's revenue per employee for the last fiscal year averaged $1.2M, while opex per employee averaged $0.7M for the same period.
Over next 12 months, Etsy's ratio of sales and marketing spend to revenue is estimated to be XXX , while its R&D spend to revenue to be XXX .
Analysts estimate Etsy's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX
See operational valuation multiples for Etsy and other 10K+ public comps| FY 2024 | NTM | FY 2025E | FY 2026E | FY 2027E | |
|---|---|---|---|---|---|
| Revenue Growth | 2% | XXX | XXX | XXX | XXX |
| EBITDA Margin | 19% | XXX | XXX | XXX | XXX |
| EBITDA Growth | 34% | XXX | XXX | XXX | XXX |
| Rule of 40 (SaaS-only) | 19% | XXX | XXX | XXX | XXX |
| Revenue per Employee | $1.2M | XXX | XXX | XXX | XXX |
| Opex per Employee | $0.7M | XXX | XXX | XXX | XXX |
| S&M Expenses to Revenue | 31% | XXX | XXX | XXX | XXX |
| G&A Expenses to Revenue | 13% | XXX | XXX | XXX | XXX |
| R&D Expenses to Revenue | 16% | XXX | XXX | XXX | XXX |
| Opex to Revenue | 59% | XXX | XXX | XXX | XXX |
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Benchmark public comps and private revenue and EBITDA valuation multiples across GRC software, cloud infrastructure, DevOps, online marketplaces and so much more!
| EV/Revenue | EV/EBITDA | |||||
|---|---|---|---|---|---|---|
| 2025E | 2026E | 2027E | 2025E | 2026E | 2027E | |
| Prosus | XXX | XXX | XXX | XXX | XXX | XXX |
| Just Eat Takeaway.com | XXX | XXX | XXX | XXX | XXX | XXX |
| Marti Technologies | XXX | XXX | XXX | XXX | XXX | XXX |
| Airtasker | XXX | XXX | XXX | XXX | XXX | XXX |
| Articore Group | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
| XXXXXXXX | XXX | XXX | XXX | XXX | XXX | XXX |
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Etsy acquired XXX companies to date.
Last acquisition by Etsy was XXXXXXXX, XXXXX XXXXX XXXXXX . Etsy acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX ).
See M&A valuation multiples| Acquired Company | EV | EV/Revenue | EV/EBITDA |
|---|---|---|---|
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
| XXXXXXXXX | XXX | XXX | XXX |
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Sign Up| When was Etsy founded? | Etsy was founded in 2006. |
| Where is Etsy headquartered? | Etsy is headquartered in United States of America. |
| How many employees does Etsy have? | As of today, Etsy has 2.4K+ employees. |
| Who is the CEO of Etsy? | Etsy's CEO is Mr. Josh Silverman. |
| Is Etsy publicy listed? | Yes, Etsy is a public company listed on NAS. |
| What is the stock symbol of Etsy? | Etsy trades under ETSY ticker. |
| When did Etsy go public? | Etsy went public in 2015. |
| Who are competitors of Etsy? | Similar companies to Etsy include e.g. Prosus, Just Eat Takeaway.com, Marti Technologies, Airtasker. |
| What is the current market cap of Etsy? | Etsy's current market cap is $4.7B |
| What is the current revenue of Etsy? | Etsy's last 12-month revenue is $2.8B. |
| What is the current EBITDA of Etsy? | Etsy's last 12-month EBITDA is $774M. |
| What is the current EV/Revenue multiple of Etsy? | Current revenue multiple of Etsy is 2.1x. |
| What is the current EV/EBITDA multiple of Etsy? | Current EBITDA multiple of Etsy is 7.8x. |
| What is the current revenue growth of Etsy? | Etsy revenue growth between 2023 and 2024 was 2%. |
| Is Etsy profitable? | Yes, Etsy is EBITDA-positive (as of the last 12 months). |
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