ThredUp Inc. (TDUP) Financial Ratios
8 years of historical data (2018–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
4308.53
-0% vs avg
5yr avg: 4320.10
P/B Ratio
↑
12.36
↑+159% vs avg
5yr avg: 4.78
30Y Low0.9·High13.1
ROE
↓
-35.0%
↓+36% vs avg
5yr avg: -54.7%
30Y Low-312%·High-31%
Debt/EBITDA
N/A
—
5yr avg: N/A
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
TDUP Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
ThredUp Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 4308.5x P/FCF, roughly in line with the 5-year average of 4320.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $776M | $778M | $156M | $236M | $131M | $984M | — | — | — |
| Enterprise Value | $789M | $791M | $183M | $256M | $178M | $975M | — | — | — |
| P/E Ratio → | -35.35 | — | — | — | — | — | — | — | — |
| P/S Ratio | 2.50 | 2.50 | 0.60 | 0.91 | 0.45 | 3.91 | — | — | — |
| P/B Ratio | 12.36 | 13.14 | 2.76 | 2.27 | 0.93 | 4.78 | — | — | — |
| P/FCF | 4308.53 | 4320.10 | — | — | — | — | — | — | — |
| P/OCF | 72.81 | 73.00 | 173.30 | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
TDUP EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.55 | 0.70 | 0.99 | 0.62 | 3.87 | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | 4395.12 | — | — | — | — | — | — | — |
TDUP Profitability
Margins and return-on-capital ratios measuring operating efficiency
ThredUp Inc. earns an operating margin of -6.5%, below the Consumer Cyclical sector average of 2.0%. Operating margins have expanded from -20.5% to -6.5% over the past 3 years, signaling improving operational efficiency. A negative ROE of -35.0% indicates the company is currently destroying shareholder equity.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 79.4% | 79.4% | 79.7% | 76.8% | 66.7% | 70.7% | 68.9% | 68.7% | 60.2% |
| Operating Margin | -6.5% | -6.5% | -15.6% | -20.5% | -31.0% | -24.8% | -25.0% | -22.5% | -26.4% |
| Net Profit Margin | -6.5% | -6.5% | -29.6% | -27.6% | -32.0% | -25.1% | -25.7% | -23.3% | -26.4% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | -35.0% | -35.0% | -96.1% | -58.4% | -53.4% | -30.7% | — | — | -312.2% |
| ROA | -11.9% | -11.9% | -36.6% | -25.8% | -27.8% | -25.1% | -36.1% | -45.0% | -72.4% |
| ROIC | -19.4% | -19.4% | -29.4% | -25.6% | -34.9% | -23.7% | — | — | -193.6% |
| ROCE | -18.8% | -18.8% | -28.7% | -27.1% | -36.6% | -35.5% | -58.3% | -76.4% | -202.4% |
TDUP Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $14M ($52M total debt minus $39M cash).
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.88 | 0.88 | 1.05 | 0.74 | 0.61 | 0.37 | — | — | 0.82 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Net Debt / Equity | — | 0.23 | 0.48 | 0.20 | 0.33 | -0.04 | — | — | 0.21 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | — |
| Debt / FCF | — | 75.02 | — | — | — | — | — | — | — |
| Interest Coverage | -9.50 | -9.50 | -14.83 | -22.38 | -113.60 | -26.73 | -35.64 | -25.72 | -77.13 |
TDUP Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.91x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.22x to 0.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 0.93 | 1.22 | 1.59 | 2.55 | 1.20 | 2.19 | 0.82 |
| Quick Ratio | 0.91 | 0.91 | 0.91 | 1.02 | 1.38 | 2.44 | 1.15 | 2.10 | 0.62 |
| Cash Ratio | 0.77 | 0.77 | 0.72 | 0.84 | 1.24 | 2.30 | 1.03 | 1.99 | 0.49 |
| Asset Turnover | — | 1.86 | 1.52 | 1.03 | 0.96 | 0.70 | 1.30 | 1.34 | 2.74 |
| Inventory Turnover | — | — | 76.68 | 3.83 | 5.48 | 7.50 | 16.44 | 13.18 | 8.34 |
| Days Sales Outstanding | — | 2.86 | 5.01 | 11.03 | 5.91 | 6.00 | 3.58 | 6.42 | 6.16 |
TDUP Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
ThredUp Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 0.0% | 0.0% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $122M | $112M | $105M | $100M | $77M | $91M | $94M | $78M |
Peer Comparison
Compare TDUP with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 TDUPYou | $776M | -35.4 | — | 4308.5 | 79.4% | -6.5% | -35.0% | -19.4% | — |
 REAL | $4B | -18.3 | 432.1 | 196.4 | 69.8% | -3.5% | — | — | 51.1 |
 EBAY | $49B | 24.9 | 21.3 | 29.8 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
 ETSY | $7B | 53.2 | 13.5 | 11.0 | 71.6% | 12.8% | — | — | 1.6 |
 UPS | $89B | 16.0 | 9.5 | 18.7 | 18.5% | 9.6% | 33.8% | 16.1% | 2.6 |
 FDX | $78B | 19.4 | 10.6 | 26.1 | 21.6% | 6.9% | 14.7% | 7.7% | 3.6 |
 SHOP | $141B | 115.8 | 93.3 | 70.4 | 48.1% | 12.7% | 9.8% | 9.4% | 0.1 |
 PYPL | $37B | 7.9 | 5.6 | 6.7 | 46.6% | 18.3% | 25.7% | 15.0% | 1.4 |
 AFRM | $25B | 492.8 | 225.8 | 40.9 | 67.5% | -2.7% | 1.8% | -0.7% | 57.0 |
 RENT | $114M | 1.8 | — | — | 59.4% | -17.4% | — | -37.1% | — |
 W | $12B | -36.6 | 44.2 | 25.1 | 30.2% | 0.1% | — | — | 12.6 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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TDUP — Frequently Asked Questions
Quick answers to the most common questions about buying TDUP stock.
What is ThredUp Inc.'s P/E ratio?
ThredUp Inc.'s current P/E ratio is -35.4x. This places it at the 50th percentile of its historical range.
What is ThredUp Inc.'s ROE?
ThredUp Inc.'s return on equity (ROE) is -35.0%. The historical average is -97.6%.
Is TDUP stock overvalued?
Based on historical data, ThredUp Inc. is trading at a P/E of -35.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are ThredUp Inc.'s profit margins?
ThredUp Inc. has 79.4% gross margin and -6.5% operating margin.