Wayfair Inc. (W) 10-Year Financial Performance & Capital Metrics

W • • Industrial / General

Consumer CyclicalSpecialty RetailHome Goods & FurnishingsHome Improvement & Organization

AboutWayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.Show more

Revenue $11.85B -1.3%
EBITDA -$74M +81.3%
Net Income -$492M +33.3%
EPS (Diluted) -4.00 +38.2%
Gross Margin 30.16% -1.3%
EBITDA Margin -0.62% +81.1%
Operating Margin -3.89% +42.6%
Net Margin -4.15% +32.5%
ROE -
ROIC -212.77% -27.4%
Debt/Equity -
Interest Coverage -15.90 +66.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Trading near 52-week high
✓Efficient asset utilization: 3.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.55%

5Y5.36%

3Y-4.74%

TTM3.35%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM39.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM43.08%

ROCE

10Y Avg-49.32%

5Y Avg-30.65%

3Y Avg-56.17%

Latest-38.74%

Peer Comparison

Home Improvement & Organization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOURHour Loop, Inc.	65.25M	1.86	99.20	4.64%	0.59%	10.89%	0.42%	0.14
RHRh	4.2B	223.58	61.76	5.01%	3.22%	32.85%
WSMWilliams-Sonoma, Inc.	25.07B	210.00	23.89	-0.5%	13.97%	53.45%	4.54%	0.63
BWMXBetterware de México, S.A.P.I. de C.V.	613.48M	16.44	0.86	8.39%	7.21%	79.36%	100%	4.45
TBHCThe Brand House Collective, Inc.	30.32M	1.35	-0.76	-5.83%	-7.56%
IPWiPower Inc.	7.03M	6.13	-1.29	-23.15%	-5.87%	-19.38%		0.44
BBBYBed Bath & Beyond Inc.	495.81M	7.20	-1.29	-10.64%	-13.5%	-71.45%		0.20
GRWGGrowGeneration Corp.	90.36M	1.51	-1.84	-16.39%	-24.77%	-38.17%		0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.25B	3.38B	4.72B	6.78B	9.13B	14.15B	13.71B	12.22B	12B	11.85B
Revenue Growth %	0.71%	0.5%	0.4%	0.44%	0.35%	0.55%	-0.03%	-0.11%	-0.02%	-0.01%
Cost of Goods Sold+	1.71B	2.57B	3.6B	5.19B	6.98B	10.03B	9.81B	8.8B	8.34B	8.28B
COGS % of Revenue	0.76%	0.76%	0.76%	0.77%	0.76%	0.71%	0.72%	0.72%	0.69%	0.7%
Gross Profit+	540.72M	807.81M	1.12B	1.59B	2.15B	4.11B	3.9B	3.42B	3.67B	3.57B
Gross Margin %	0.24%	0.24%	0.24%	0.23%	0.24%	0.29%	0.28%	0.28%	0.31%	0.3%
Gross Profit Growth %	0.74%	0.49%	0.39%	0.42%	0.35%	0.92%	-0.05%	-0.12%	0.07%	-0.03%
Operating Expenses+	622.07M	1B	1.35B	2.06B	3.08B	3.75B	3.98B	4.8B	4.48B	4.04B
OpEx % of Revenue	0.28%	0.3%	0.29%	0.3%	0.34%	0.27%	0.29%	0.39%	0.37%	0.34%
Selling, General & Admin	622.07M	1B	1.34B	2.06B	3.08B	3.24B	3.98B	4.73B	4.4B	3.92B
SG&A % of Revenue	0.28%	0.3%	0.28%	0.3%	0.34%	0.23%	0.29%	0.39%	0.37%	0.33%
Research & Development	15.3M	21.6M	34.5M	51.3M	82M	132M	171M	224M	0	257M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	-	0.02%
Other Operating Expenses	-15.3M	-21.6M	-24.93M	-52.96M	-81.73M	377.82M	-171M	-154M	79M	-141M
Operating Income+	-81.35M	-196.22M	-235.45M	-473.28M	-929.94M	360.35M	-94M	-1.38B	-813M	-461M
Operating Margin %	-0.04%	-0.06%	-0.05%	-0.07%	-0.1%	0.03%	-0.01%	-0.11%	-0.07%	-0.04%
Operating Income Growth %	0.45%	-1.41%	-0.2%	-1.01%	-0.96%	1.39%	-1.26%	-13.72%	0.41%	0.43%
EBITDA+	-48.9M	-140.65M	-148.43M	-349.74M	-737.52M	646.06M	228M	-1.01B	-396M	-74M
EBITDA Margin %	-0.02%	-0.04%	-0.03%	-0.05%	-0.08%	0.05%	0.02%	-0.08%	-0.03%	-0.01%
EBITDA Growth %	0.61%	-1.88%	-0.06%	-1.36%	-1.11%	1.88%	-0.65%	-5.44%	0.61%	0.81%
D&A (Non-Cash Add-back)	32.45M	55.57M	87.02M	123.54M	192.42M	285.71M	322M	371M	417M	387M
EBIT	-81.35M	-196.22M	-234.69M	-473.48M	-927M	351.72M	-98M	-1.29B	-712M	-453M
Net Interest Income+	1.28M	694K	-9.43M	-28.56M	-55M	-146M	-32M	-27M	-17M	-29M
Interest Income	1.28M	694K	0	0	0	0	0	0	0	0
Interest Expense	0	0	9.43M	28.56M	55M	146M	32M	27M	17M	29M
Other Income/Expense	4M	2.45M	-8.68M	-28.76M	-51.63M	-155.03M	-36M	65M	84M	-21M
Pretax Income+	-77.35M	-193.77M	-244.13M	-502.04M	-981.57M	205.32M	-130M	-1.32B	-729M	-482M
Pretax Margin %	-0.03%	-0.06%	-0.05%	-0.07%	-0.11%	0.01%	-0.01%	-0.11%	-0.06%	-0.04%
Income Tax+	95K	608K	486K	2.04M	3.01M	20.32M	1M	12M	9M	10M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.9%	1.01%	1.01%	1.01%	1.02%
Net Income+	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Net Margin %	-0.03%	-0.06%	-0.05%	-0.07%	-0.11%	0.01%	-0.01%	-0.11%	-0.06%	-0.04%
Net Income Growth %	0.48%	-1.51%	-0.26%	-1.06%	-0.95%	1.19%	-1.71%	-9.16%	0.45%	0.33%
Net Income (Continuing)	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.92	-2.29	-2.81	-5.63	-10.68	1.86	-1.26	-12.56	-6.47	-4.00
EPS Growth %	0.49%	-1.49%	-0.23%	-1%	-0.9%	1.17%	-1.68%	-8.97%	0.48%	0.38%
EPS (Basic)	-0.92	-2.29	-2.81	-5.63	-10.68	1.93	-1.26	-12.56	-6.47	-4.00
Diluted Shares Outstanding	83.73M	84.98M	86.98M	89.47M	92.2M	99.34M	104M	106M	114M	123M
Basic Shares Outstanding	83.73M	84.98M	86.98M	89.47M	92.2M	95.83M	104M	106M	114M	123M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	492.32M	477.09M	816.82M	1.26B	1.38B	3.05B	3.01B	1.93B	1.85B	1.88B
Cash & Short-Term Investments	386.07M	348.58M	619.99M	963.74M	987M	2.59B	2.4B	1.28B	1.35B	1.37B
Cash Only	334.18M	279.84M	558.96M	849.46M	582.75M	2.13B	1.71B	1.05B	1.32B	1.32B
Short-Term Investments	51.9M	68.74M	61.03M	114.28M	404.25M	462M	693M	228M	29M	56M
Accounts Receivable	34.57M	54.16M	80.83M	100.11M	148.05M	172M	296M	341M	234M	290M
Days Sales Outstanding	5.61	5.85	6.25	5.39	5.92	4.44	7.88	10.19	7.12	8.93
Inventory	19.9M	18.55M	28.04M	46.16M	61.69M	52M	69M	90M	75M	76M
Days Inventory Outstanding	4.25	2.63	2.84	3.25	3.23	1.89	2.57	3.73	3.28	3.35
Other Current Assets	34.1M	34.33M	54.48M	114.92M	134.22M	180M	155M	129M	114M	73M
Total Non-Current Assets+	202.26M	284.59M	396.58M	634.91M	1.58B	1.52B	1.56B	1.65B	1.62B	1.58B
Property, Plant & Equipment	112.33M	239.35M	361.14M	606.98M	1.39B	1.49B	1.52B	1.61B	1.57B	1.53B
Fixed Asset Turnover	20.03x	14.12x	13.07x	11.17x	6.58x	9.48x	9.00x	7.57x	7.65x	7.76x
Goodwill	1.92M	1.92M	1.92M	2.1M	400K	400K	0	0	0	0
Intangible Assets	1.78M	2.31M	1.18M	485K	18.41M	16.6M	16M	15M	14M	13M
Long-Term Investments	79.88M	30.97M	21.56M	6.53M	155.69M	0	8M	11M	14M	15M
Other Non-Current Assets	6.35M	10.04M	10.78M	18.83M	13.47M	15M	11M	8M	23M	26M
Total Assets+	694.58M	761.68M	1.21B	1.89B	2.95B	4.57B	4.57B	3.58B	3.47B	3.46B
Asset Turnover	3.24x	4.44x	3.89x	3.59x	3.09x	3.10x	3.00x	3.41x	3.46x	3.43x
Asset Growth %	0.25%	0.1%	0.59%	0.56%	0.56%	0.55%	0%	-0.22%	-0.03%	-0%
Total Current Liabilities+	397.03M	557.22M	739.75M	1.14B	1.61B	2.17B	2.22B	2.07B	2.18B	2.37B
Accounts Payable	270.91M	379.49M	440.37M	650.17M	908.1M	1.16B	1.17B	1.2B	1.23B	1.25B
Days Payables Outstanding	57.85	53.84	44.62	45.7	47.49	42.09	43.37	49.93	54.03	54.95
Short-Term Debt	0	0	0	0	0	0	0	0	117M	236M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Other Current Liabilities	43.09M	66.06M	104.44M	169.92M	251.56M	318M	320M	266M	217M	228M
Current Ratio	1.24x	0.86x	1.10x	1.10x	0.85x	1.41x	1.36x	0.93x	0.85x	0.79x
Quick Ratio	1.19x	0.82x	1.07x	1.06x	0.82x	1.38x	1.33x	0.89x	0.82x	0.76x
Cash Conversion Cycle	-48	-45.36	-35.53	-37.07	-38.34	-35.76	-32.92	-36.01	-43.63	-42.66
Total Non-Current Liabilities+	55.01M	125.08M	521.98M	1.08B	2.29B	3.6B	3.97B	4.06B	4B	3.84B
Long-Term Debt	0	0	332.9M	738.9M	1.46B	2.66B	3.05B	3.14B	3.09B	2.88B
Capital Lease Obligations	27.3M	28.9M	82.58M	183.06M	822.6M	870M	892M	893M	862M	929M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	27.71M	96.18M	106.49M	160.39M	6.94M	67M	28M	28M	44M	33M
Total Liabilities	452.04M	682.3M	1.26B	2.22B	3.9B	5.76B	6.19B	6.13B	6.18B	6.21B
Total Debt+	27.3M	68.85M	453.03M	982.05M	2.37B	3.63B	4.05B	4.16B	4.2B	4.22B
Net Debt	-306.88M	-210.99M	-105.93M	132.59M	1.79B	1.5B	2.35B	3.1B	2.88B	2.9B
Debt / Equity	0.11x	0.87x	-	-	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	5.61x	17.78x	-	-	-
Net Debt / EBITDA	-	-	-	-	-	2.32x	10.30x	-	-	-
Interest Coverage	-	-	-24.96x	-16.57x	-16.91x	2.47x	-2.94x	-51.26x	-47.82x	-15.90x
Total Equity+	242.54M	79.38M	-48.33M	-330.72M	-944.21M	-1.19B	-1.62B	-2.55B	-2.71B	-2.75B
Equity Growth %	-0.21%	-0.67%	-1.61%	-5.84%	-1.85%	-0.26%	-0.36%	-0.58%	-0.06%	-0.02%
Book Value per Share	2.90	0.93	-0.56	-3.70	-10.24	-12.00	-15.57	-24.06	-23.75	-22.40
Total Shareholders' Equity	242.54M	79.38M	-48.33M	-330.72M	-944.21M	-1.19B	-1.62B	-2.55B	-2.71B	-2.75B
Common Stock	84K	86K	88K	91K	94K	0	0	0	0	0
Retained Earnings	-135.56M	-329.94M	-583.27M	-1.08B	-2.07B	-1.89B	-1.95B	-3.28B	-4.02B	-4.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-136K	13K	-2.36M	-1.78M	-1.43M	-5M	-7M	-7M	-5M	4M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	135.12M	62.81M	33.63M	84.86M	-196.82M	1.42B	410M	-674M	349M	317M
Operating CF Margin %	0.06%	0.02%	0.01%	0.01%	-0.02%	0.1%	0.03%	-0.06%	0.03%	0.03%
Operating CF Growth %	10.56%	-0.54%	-0.46%	1.52%	-3.32%	8.2%	-0.71%	-2.64%	1.52%	-0.09%
Net Income	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Depreciation & Amortization	32.45M	55.57M	87.02M	123.54M	192.42M	285.71M	322M	371M	417M	387M
Stock-Based Compensation	31.02M	49.4M	67.84M	127.56M	227.45M	276M	344M	513M	605M	395M
Deferred Taxes	-3M	0	0	0	0	0	12M	0	0	0
Other Non-Cash Items	3.03M	331K	7.03M	22.53M	60.42M	146.93M	13M	-8M	-81M	16M
Working Capital Changes	149.07M	151.88M	116.36M	315.31M	307.48M	522.89M	-150M	-219M	146M	11M
Change in Receivables	-4.03M	-9.22M	-18.17M	-12.79M	-49.19M	-14.73M	-118M	-48M	132M	-35M
Change in Inventory	-131K	1.35M	-9.45M	-18.32M	-15.63M	9.95M	-17M	-21M	16M	-2M
Change in Payables	135.85M	126.01M	104.18M	285.06M	330.32M	531.53M	9M	-177M	-18M	38M
Cash from Investing+	-137.73M	-95.88M	-130.34M	-260.29M	-854.84M	-236.07M	-515M	1M	-152M	-262M
Capital Expenditures	-62.18M	-128.09M	-146.88M	-221.96M	-400.88M	-334.43M	-280M	-458M	-148M	-73M
CapEx % of Revenue	0.03%	0.04%	0.03%	0.03%	0.04%	0.02%	0.02%	0.04%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.7M	-1M	-46.43M	-398K	-15.57M	-124K	5M	-272M	-201M	-161M
Cash from Financing+	-18.62M	-20.88M	374.97M	467.46M	786.5M	352.59M	-303M	16M	77M	-69M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-19.11M	-21.09M	-45.72M	-94.72M	-146.37M	-255.18M	-3M	-80M	-87M	3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	72.94M	-65.27M	-113.25M	-137.09M	-597.7M	1.08B	130M	-1.13B	-2M	83M
FCF Margin %	0.03%	-0.02%	-0.02%	-0.02%	-0.07%	0.08%	0.01%	-0.09%	-0%	0.01%
FCF Growth %	2.74%	-1.89%	-0.73%	-0.21%	-3.36%	2.81%	-0.88%	-9.71%	1%	42.5%
FCF per Share	0.87	-0.77	-1.30	-1.53	-6.48	10.90	1.25	-10.68	-0.02	0.67
FCF Conversion (FCF/Net Income)	-1.74x	-0.32x	-0.14x	-0.17x	0.20x	7.66x	-3.13x	0.51x	-0.47x	-0.64x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-28.26%	-120.76%	-1575.36%	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-	-	-	-	-216.33%	47.13%	-13.65%	-161.68%	-167.05%	-212.77%
Gross Margin	24.03%	23.9%	23.7%	23.41%	23.53%	29.07%	28.41%	27.96%	30.55%	30.16%
Net Margin	-3.44%	-5.75%	-5.18%	-7.44%	-10.79%	1.31%	-0.96%	-10.89%	-6.15%	-4.15%
Debt / Equity	0.11x	0.87x	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-24.96x	-16.57x	-16.91x	2.47x	-2.94x	-51.26x	-47.82x	-15.90x
FCF Conversion	-1.74x	-0.32x	-0.14x	-0.17x	0.20x	7.66x	-3.13x	0.51x	-0.47x	-0.64x
Revenue Growth	70.58%	50.25%	39.66%	43.6%	34.63%	54.98%	-3.09%	-10.87%	-1.76%	-1.27%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Online Home Furnishing Store	-	-	-	-	-	14.15B	13.71B	12.22B	12B	11.85B
Online Home Furnishing Store Growth	-	-	-	-	-	-	-3.09%	-10.87%	-1.76%	-1.27%
Direct Retail	-	3.26B	4.64B	6.72B	9.09B	-	-	-	-	-
Direct Retail Growth	-	-	42.48%	44.69%	35.28%	-	-	-	-	-
Other	-	121.45M	77.65M	61.09M	38.8M	-	-	-	-	-
Other Growth	-	-	-36.06%	-21.32%	-36.49%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	2.14B	3.11B	4.15B	5.81B	7.76B	11.9B	11.25B	10.46B	10.48B	10.37B
United States Growth	-	45.66%	33.52%	39.97%	33.58%	53.26%	-5.48%	-6.98%	0.17%	-1.04%
International	-	269.86M	567.84M	966.1M	1.36B	2.24B	2.46B	1.75B	1.52B	1.48B
International Growth	-	-	110.42%	70.14%	41.00%	64.77%	9.56%	-28.67%	-13.28%	-2.83%

Frequently Asked Questions

Growth & Financials

Wayfair Inc. (W) reported $12.24B in revenue for fiscal year 2024. This represents a 1937% increase from $601.0M in 2012.

Wayfair Inc. (W) saw revenue decline by 1.3% over the past year.

Wayfair Inc. (W) reported a net loss of $325.0M for fiscal year 2024.

Dividend & Returns

Wayfair Inc. (W) generated $389.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

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Wayfair Inc. (W) 10-Year Financial Performance & Capital Metrics

W • • Industrial / General

Consumer CyclicalSpecialty RetailHome Goods & FurnishingsHome Improvement & Organization

Revenue $11.85B -1.3%
EBITDA -$74M +81.3%
Net Income -$492M +33.3%
EPS (Diluted) -4.00 +38.2%
Gross Margin 30.16% -1.3%
EBITDA Margin -0.62% +81.1%
Operating Margin -3.89% +42.6%
Net Margin -4.15% +32.5%
ROE -
ROIC -212.77% -27.4%
Debt/Equity -
Interest Coverage -15.90 +66.8%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Momentum leader: RS Rating 93 (top 7%)
✓Trading near 52-week high
✓Efficient asset utilization: 3.4x turnover

✗Weaknesses

✗Weak Piotroski F-Score: 3/9

Price & Volume

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Growth Metrics

Revenue CAGR

10Y24.55%

5Y5.36%

3Y-4.74%

TTM3.35%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM39.59%

EPS CAGR

10Y-

5Y-

3Y-

TTM43.08%

ROCE

10Y Avg-49.32%

5Y Avg-30.65%

3Y Avg-56.17%

Latest-38.74%

Peer Comparison

Home Improvement & Organization

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
HOURHour Loop, Inc.	65.25M	1.86	99.20	4.64%	0.59%	10.89%	0.42%	0.14
RHRh	4.2B	223.58	61.76	5.01%	3.22%	32.85%
WSMWilliams-Sonoma, Inc.	25.07B	210.00	23.89	-0.5%	13.97%	53.45%	4.54%	0.63
BWMXBetterware de México, S.A.P.I. de C.V.	613.48M	16.44	0.86	8.39%	7.21%	79.36%	100%	4.45
TBHCThe Brand House Collective, Inc.	30.32M	1.35	-0.76	-5.83%	-7.56%
IPWiPower Inc.	7.03M	6.13	-1.29	-23.15%	-5.87%	-19.38%		0.44
BBBYBed Bath & Beyond Inc.	495.81M	7.20	-1.29	-10.64%	-13.5%	-71.45%		0.20
GRWGGrowGeneration Corp.	90.36M	1.51	-1.84	-16.39%	-24.77%	-38.17%		0.31

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.25B	3.38B	4.72B	6.78B	9.13B	14.15B	13.71B	12.22B	12B	11.85B
Revenue Growth %	0.71%	0.5%	0.4%	0.44%	0.35%	0.55%	-0.03%	-0.11%	-0.02%	-0.01%
Cost of Goods Sold+	1.71B	2.57B	3.6B	5.19B	6.98B	10.03B	9.81B	8.8B	8.34B	8.28B
COGS % of Revenue	0.76%	0.76%	0.76%	0.77%	0.76%	0.71%	0.72%	0.72%	0.69%	0.7%
Gross Profit+	540.72M	807.81M	1.12B	1.59B	2.15B	4.11B	3.9B	3.42B	3.67B	3.57B
Gross Margin %	0.24%	0.24%	0.24%	0.23%	0.24%	0.29%	0.28%	0.28%	0.31%	0.3%
Gross Profit Growth %	0.74%	0.49%	0.39%	0.42%	0.35%	0.92%	-0.05%	-0.12%	0.07%	-0.03%
Operating Expenses+	622.07M	1B	1.35B	2.06B	3.08B	3.75B	3.98B	4.8B	4.48B	4.04B
OpEx % of Revenue	0.28%	0.3%	0.29%	0.3%	0.34%	0.27%	0.29%	0.39%	0.37%	0.34%
Selling, General & Admin	622.07M	1B	1.34B	2.06B	3.08B	3.24B	3.98B	4.73B	4.4B	3.92B
SG&A % of Revenue	0.28%	0.3%	0.28%	0.3%	0.34%	0.23%	0.29%	0.39%	0.37%	0.33%
Research & Development	15.3M	21.6M	34.5M	51.3M	82M	132M	171M	224M	0	257M
R&D % of Revenue	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.02%	-	0.02%
Other Operating Expenses	-15.3M	-21.6M	-24.93M	-52.96M	-81.73M	377.82M	-171M	-154M	79M	-141M
Operating Income+	-81.35M	-196.22M	-235.45M	-473.28M	-929.94M	360.35M	-94M	-1.38B	-813M	-461M
Operating Margin %	-0.04%	-0.06%	-0.05%	-0.07%	-0.1%	0.03%	-0.01%	-0.11%	-0.07%	-0.04%
Operating Income Growth %	0.45%	-1.41%	-0.2%	-1.01%	-0.96%	1.39%	-1.26%	-13.72%	0.41%	0.43%
EBITDA+	-48.9M	-140.65M	-148.43M	-349.74M	-737.52M	646.06M	228M	-1.01B	-396M	-74M
EBITDA Margin %	-0.02%	-0.04%	-0.03%	-0.05%	-0.08%	0.05%	0.02%	-0.08%	-0.03%	-0.01%
EBITDA Growth %	0.61%	-1.88%	-0.06%	-1.36%	-1.11%	1.88%	-0.65%	-5.44%	0.61%	0.81%
D&A (Non-Cash Add-back)	32.45M	55.57M	87.02M	123.54M	192.42M	285.71M	322M	371M	417M	387M
EBIT	-81.35M	-196.22M	-234.69M	-473.48M	-927M	351.72M	-98M	-1.29B	-712M	-453M
Net Interest Income+	1.28M	694K	-9.43M	-28.56M	-55M	-146M	-32M	-27M	-17M	-29M
Interest Income	1.28M	694K	0	0	0	0	0	0	0	0
Interest Expense	0	0	9.43M	28.56M	55M	146M	32M	27M	17M	29M
Other Income/Expense	4M	2.45M	-8.68M	-28.76M	-51.63M	-155.03M	-36M	65M	84M	-21M
Pretax Income+	-77.35M	-193.77M	-244.13M	-502.04M	-981.57M	205.32M	-130M	-1.32B	-729M	-482M
Pretax Margin %	-0.03%	-0.06%	-0.05%	-0.07%	-0.11%	0.01%	-0.01%	-0.11%	-0.06%	-0.04%
Income Tax+	95K	608K	486K	2.04M	3.01M	20.32M	1M	12M	9M	10M
Effective Tax Rate %	1%	1%	1%	1%	1%	0.9%	1.01%	1.01%	1.01%	1.02%
Net Income+	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Net Margin %	-0.03%	-0.06%	-0.05%	-0.07%	-0.11%	0.01%	-0.01%	-0.11%	-0.06%	-0.04%
Net Income Growth %	0.48%	-1.51%	-0.26%	-1.06%	-0.95%	1.19%	-1.71%	-9.16%	0.45%	0.33%
Net Income (Continuing)	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.92	-2.29	-2.81	-5.63	-10.68	1.86	-1.26	-12.56	-6.47	-4.00
EPS Growth %	0.49%	-1.49%	-0.23%	-1%	-0.9%	1.17%	-1.68%	-8.97%	0.48%	0.38%
EPS (Basic)	-0.92	-2.29	-2.81	-5.63	-10.68	1.93	-1.26	-12.56	-6.47	-4.00
Diluted Shares Outstanding	83.73M	84.98M	86.98M	89.47M	92.2M	99.34M	104M	106M	114M	123M
Basic Shares Outstanding	83.73M	84.98M	86.98M	89.47M	92.2M	95.83M	104M	106M	114M	123M
Dividend Payout Ratio	-	-	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	492.32M	477.09M	816.82M	1.26B	1.38B	3.05B	3.01B	1.93B	1.85B	1.88B
Cash & Short-Term Investments	386.07M	348.58M	619.99M	963.74M	987M	2.59B	2.4B	1.28B	1.35B	1.37B
Cash Only	334.18M	279.84M	558.96M	849.46M	582.75M	2.13B	1.71B	1.05B	1.32B	1.32B
Short-Term Investments	51.9M	68.74M	61.03M	114.28M	404.25M	462M	693M	228M	29M	56M
Accounts Receivable	34.57M	54.16M	80.83M	100.11M	148.05M	172M	296M	341M	234M	290M
Days Sales Outstanding	5.61	5.85	6.25	5.39	5.92	4.44	7.88	10.19	7.12	8.93
Inventory	19.9M	18.55M	28.04M	46.16M	61.69M	52M	69M	90M	75M	76M
Days Inventory Outstanding	4.25	2.63	2.84	3.25	3.23	1.89	2.57	3.73	3.28	3.35
Other Current Assets	34.1M	34.33M	54.48M	114.92M	134.22M	180M	155M	129M	114M	73M
Total Non-Current Assets+	202.26M	284.59M	396.58M	634.91M	1.58B	1.52B	1.56B	1.65B	1.62B	1.58B
Property, Plant & Equipment	112.33M	239.35M	361.14M	606.98M	1.39B	1.49B	1.52B	1.61B	1.57B	1.53B
Fixed Asset Turnover	20.03x	14.12x	13.07x	11.17x	6.58x	9.48x	9.00x	7.57x	7.65x	7.76x
Goodwill	1.92M	1.92M	1.92M	2.1M	400K	400K	0	0	0	0
Intangible Assets	1.78M	2.31M	1.18M	485K	18.41M	16.6M	16M	15M	14M	13M
Long-Term Investments	79.88M	30.97M	21.56M	6.53M	155.69M	0	8M	11M	14M	15M
Other Non-Current Assets	6.35M	10.04M	10.78M	18.83M	13.47M	15M	11M	8M	23M	26M
Total Assets+	694.58M	761.68M	1.21B	1.89B	2.95B	4.57B	4.57B	3.58B	3.47B	3.46B
Asset Turnover	3.24x	4.44x	3.89x	3.59x	3.09x	3.10x	3.00x	3.41x	3.46x	3.43x
Asset Growth %	0.25%	0.1%	0.59%	0.56%	0.56%	0.55%	0%	-0.22%	-0.03%	-0%
Total Current Liabilities+	397.03M	557.22M	739.75M	1.14B	1.61B	2.17B	2.22B	2.07B	2.18B	2.37B
Accounts Payable	270.91M	379.49M	440.37M	650.17M	908.1M	1.16B	1.17B	1.2B	1.23B	1.25B
Days Payables Outstanding	57.85	53.84	44.62	45.7	47.49	42.09	43.37	49.93	54.03	54.95
Short-Term Debt	0	0	0	0	0	0	0	0	117M	236M
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	0	1000K	1000K
Other Current Liabilities	43.09M	66.06M	104.44M	169.92M	251.56M	318M	320M	266M	217M	228M
Current Ratio	1.24x	0.86x	1.10x	1.10x	0.85x	1.41x	1.36x	0.93x	0.85x	0.79x
Quick Ratio	1.19x	0.82x	1.07x	1.06x	0.82x	1.38x	1.33x	0.89x	0.82x	0.76x
Cash Conversion Cycle	-48	-45.36	-35.53	-37.07	-38.34	-35.76	-32.92	-36.01	-43.63	-42.66
Total Non-Current Liabilities+	55.01M	125.08M	521.98M	1.08B	2.29B	3.6B	3.97B	4.06B	4B	3.84B
Long-Term Debt	0	0	332.9M	738.9M	1.46B	2.66B	3.05B	3.14B	3.09B	2.88B
Capital Lease Obligations	27.3M	28.9M	82.58M	183.06M	822.6M	870M	892M	893M	862M	929M
Deferred Tax Liabilities	0	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	27.71M	96.18M	106.49M	160.39M	6.94M	67M	28M	28M	44M	33M
Total Liabilities	452.04M	682.3M	1.26B	2.22B	3.9B	5.76B	6.19B	6.13B	6.18B	6.21B
Total Debt+	27.3M	68.85M	453.03M	982.05M	2.37B	3.63B	4.05B	4.16B	4.2B	4.22B
Net Debt	-306.88M	-210.99M	-105.93M	132.59M	1.79B	1.5B	2.35B	3.1B	2.88B	2.9B
Debt / Equity	0.11x	0.87x	-	-	-	-	-	-	-	-
Debt / EBITDA	-	-	-	-	-	5.61x	17.78x	-	-	-
Net Debt / EBITDA	-	-	-	-	-	2.32x	10.30x	-	-	-
Interest Coverage	-	-	-24.96x	-16.57x	-16.91x	2.47x	-2.94x	-51.26x	-47.82x	-15.90x
Total Equity+	242.54M	79.38M	-48.33M	-330.72M	-944.21M	-1.19B	-1.62B	-2.55B	-2.71B	-2.75B
Equity Growth %	-0.21%	-0.67%	-1.61%	-5.84%	-1.85%	-0.26%	-0.36%	-0.58%	-0.06%	-0.02%
Book Value per Share	2.90	0.93	-0.56	-3.70	-10.24	-12.00	-15.57	-24.06	-23.75	-22.40
Total Shareholders' Equity	242.54M	79.38M	-48.33M	-330.72M	-944.21M	-1.19B	-1.62B	-2.55B	-2.71B	-2.75B
Common Stock	84K	86K	88K	91K	94K	0	0	0	0	0
Retained Earnings	-135.56M	-329.94M	-583.27M	-1.08B	-2.07B	-1.89B	-1.95B	-3.28B	-4.02B	-4.51B
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-136K	13K	-2.36M	-1.78M	-1.43M	-5M	-7M	-7M	-5M	4M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	135.12M	62.81M	33.63M	84.86M	-196.82M	1.42B	410M	-674M	349M	317M
Operating CF Margin %	0.06%	0.02%	0.01%	0.01%	-0.02%	0.1%	0.03%	-0.06%	0.03%	0.03%
Operating CF Growth %	10.56%	-0.54%	-0.46%	1.52%	-3.32%	8.2%	-0.71%	-2.64%	1.52%	-0.09%
Net Income	-77.44M	-194.38M	-244.61M	-504.08M	-984.58M	185M	-131M	-1.33B	-738M	-492M
Depreciation & Amortization	32.45M	55.57M	87.02M	123.54M	192.42M	285.71M	322M	371M	417M	387M
Stock-Based Compensation	31.02M	49.4M	67.84M	127.56M	227.45M	276M	344M	513M	605M	395M
Deferred Taxes	-3M	0	0	0	0	0	12M	0	0	0
Other Non-Cash Items	3.03M	331K	7.03M	22.53M	60.42M	146.93M	13M	-8M	-81M	16M
Working Capital Changes	149.07M	151.88M	116.36M	315.31M	307.48M	522.89M	-150M	-219M	146M	11M
Change in Receivables	-4.03M	-9.22M	-18.17M	-12.79M	-49.19M	-14.73M	-118M	-48M	132M	-35M
Change in Inventory	-131K	1.35M	-9.45M	-18.32M	-15.63M	9.95M	-17M	-21M	16M	-2M
Change in Payables	135.85M	126.01M	104.18M	285.06M	330.32M	531.53M	9M	-177M	-18M	38M
Cash from Investing+	-137.73M	-95.88M	-130.34M	-260.29M	-854.84M	-236.07M	-515M	1M	-152M	-262M
Capital Expenditures	-62.18M	-128.09M	-146.88M	-221.96M	-400.88M	-334.43M	-280M	-458M	-148M	-73M
CapEx % of Revenue	0.03%	0.04%	0.03%	0.03%	0.04%	0.02%	0.02%	0.04%	0.01%	0.01%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-4.7M	-1M	-46.43M	-398K	-15.57M	-124K	5M	-272M	-201M	-161M
Cash from Financing+	-18.62M	-20.88M	374.97M	467.46M	786.5M	352.59M	-303M	16M	77M	-69M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	0	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-19.11M	-21.09M	-45.72M	-94.72M	-146.37M	-255.18M	-3M	-80M	-87M	3M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	72.94M	-65.27M	-113.25M	-137.09M	-597.7M	1.08B	130M	-1.13B	-2M	83M
FCF Margin %	0.03%	-0.02%	-0.02%	-0.02%	-0.07%	0.08%	0.01%	-0.09%	-0%	0.01%
FCF Growth %	2.74%	-1.89%	-0.73%	-0.21%	-3.36%	2.81%	-0.88%	-9.71%	1%	42.5%
FCF per Share	0.87	-0.77	-1.30	-1.53	-6.48	10.90	1.25	-10.68	-0.02	0.67
FCF Conversion (FCF/Net Income)	-1.74x	-0.32x	-0.14x	-0.17x	0.20x	7.66x	-3.13x	0.51x	-0.47x	-0.64x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-28.26%	-120.76%	-1575.36%	-	-	-	-	-	-	-
Return on Invested Capital (ROIC)	-	-	-	-	-216.33%	47.13%	-13.65%	-161.68%	-167.05%	-212.77%
Gross Margin	24.03%	23.9%	23.7%	23.41%	23.53%	29.07%	28.41%	27.96%	30.55%	30.16%
Net Margin	-3.44%	-5.75%	-5.18%	-7.44%	-10.79%	1.31%	-0.96%	-10.89%	-6.15%	-4.15%
Debt / Equity	0.11x	0.87x	-	-	-	-	-	-	-	-
Interest Coverage	-	-	-24.96x	-16.57x	-16.91x	2.47x	-2.94x	-51.26x	-47.82x	-15.90x
FCF Conversion	-1.74x	-0.32x	-0.14x	-0.17x	0.20x	7.66x	-3.13x	0.51x	-0.47x	-0.64x
Revenue Growth	70.58%	50.25%	39.66%	43.6%	34.63%	54.98%	-3.09%	-10.87%	-1.76%	-1.27%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Online Home Furnishing Store	-	-	-	-	-	14.15B	13.71B	12.22B	12B	11.85B
Online Home Furnishing Store Growth	-	-	-	-	-	-	-3.09%	-10.87%	-1.76%	-1.27%
Direct Retail	-	3.26B	4.64B	6.72B	9.09B	-	-	-	-	-
Direct Retail Growth	-	-	42.48%	44.69%	35.28%	-	-	-	-	-
Other	-	121.45M	77.65M	61.09M	38.8M	-	-	-	-	-
Other Growth	-	-	-36.06%	-21.32%	-36.49%	-	-	-	-	-

Revenue by Geography

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
United States	2.14B	3.11B	4.15B	5.81B	7.76B	11.9B	11.25B	10.46B	10.48B	10.37B
United States Growth	-	45.66%	33.52%	39.97%	33.58%	53.26%	-5.48%	-6.98%	0.17%	-1.04%
International	-	269.86M	567.84M	966.1M	1.36B	2.24B	2.46B	1.75B	1.52B	1.48B
International Growth	-	-	110.42%	70.14%	41.00%	64.77%	9.56%	-28.67%	-13.28%	-2.83%

Frequently Asked Questions

Growth & Financials

Wayfair Inc. (W) reported $12.24B in revenue for fiscal year 2024. This represents a 1937% increase from $601.0M in 2012.

Wayfair Inc. (W) saw revenue decline by 1.3% over the past year.

Wayfair Inc. (W) reported a net loss of $325.0M for fiscal year 2024.

Dividend & Returns

Wayfair Inc. (W) generated $389.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.