14 years of historical data (2012–2025) · Consumer Cyclical · Specialty Retail
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Wayfair 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 21.4x P/FCF, 74% below the 5-year average of 82.0x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.9B | $13.1B | $5.5B | $7.0B | $3.5B | $19.8B | $22.4B | $8.3B | $8.1B | $7.0B | $3.0B |
| Enterprise Value | $12.5B | $15.7B | $8.4B | $9.9B | $6.6B | $22.1B | $23.9B | $10.1B | $8.2B | $6.9B | $2.8B |
| P/E Ratio → | -31.54 | — | — | — | — | — | 121.40 | — | — | — | — |
| P/S Ratio | 0.80 | 1.05 | 0.46 | 0.59 | 0.29 | 1.44 | 1.59 | 0.91 | 1.19 | 1.48 | 0.88 |
| P/B Ratio | — | — | — | — | — | — | — | — | — | — | 37.52 |
| P/FCF | 21.39 | 28.21 | 65.68 | — | — | 151.98 | 20.73 | — | — | — | — |
| P/OCF | 18.58 | 24.51 | 17.20 | 20.15 | — | 48.19 | 15.83 | — | 94.97 | 207.59 | 47.42 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Wayfair Inc.'s enterprise value stands at 38.9x EBITDA, 47% below its 5-year average of 72.8x. The Consumer Cyclical sector median is 11.0x, placing the stock at a 254% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.26 | 0.71 | 0.83 | 0.54 | 1.61 | 1.69 | 1.11 | 1.21 | 1.46 | 0.82 |
| EV / EBITDA | 38.87 | 48.69 | — | — | — | 96.95 | 37.04 | — | — | — | — |
| EV / EBIT | 736.17 | — | — | — | — | — | 68.03 | — | — | — | — |
| EV / FCF | — | 33.79 | 100.68 | — | — | 170.04 | 22.11 | — | — | — | — |
Margins and return-on-capital ratios measuring operating efficiency
Wayfair Inc. earns an operating margin of 0.1%, below the Consumer Cyclical sector average of 2.4%. Operating margins have expanded from -6.8% to 0.1% over the past 3 years, signaling improving operational efficiency.
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 30.2% | 30.2% | 30.2% | 30.6% | 28.0% | 28.4% | 29.1% | 23.5% | 23.4% | 23.7% | 23.9% |
| Operating Margin | 0.1% | 0.1% | -3.9% | -6.8% | -11.3% | -0.7% | 2.5% | -10.2% | -7.0% | -5.0% | -5.8% |
| Net Profit Margin | -2.5% | -2.5% | -4.2% | -6.1% | -10.9% | -1.0% | 1.3% | -10.8% | -7.4% | -5.2% | -5.8% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | -1575.4% | -120.8% |
| ROA | -9.1% | -9.1% | -14.2% | -20.9% | -32.7% | -2.9% | 4.9% | -40.7% | -32.5% | -24.8% | -26.7% |
| ROIC | — | — | -212.8% | -167.1% | -161.7% | -13.6% | 47.1% | -216.3% | — | — | — |
| ROCE | 1.4% | 1.4% | -38.7% | -58.1% | -71.7% | -4.0% | 19.2% | -88.9% | -77.3% | -69.4% | -78.2% |
Solvency and debt-coverage ratios — lower is generally safer
Wayfair Inc. carries a Debt/EBITDA ratio of 12.6x, which is highly leveraged (203% above the sector average of 4.2x). Net debt stands at $2.6B ($4.1B total debt minus $1.5B cash). Interest coverage of just 0.2x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | — | — | — | — | — | 0.87 |
| Debt / EBITDA | 12.63 | 12.63 | — | — | — | 17.78 | 5.61 | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | — | — | — | — | — | -2.66 |
| Net Debt / EBITDA | 8.05 | 8.05 | — | — | — | 10.30 | 2.32 | — | — | — | — |
| Debt / FCF | — | 5.59 | 35.00 | — | — | 18.06 | 1.38 | — | — | — | — |
| Interest Coverage | 0.20 | 0.20 | -15.90 | -47.82 | -51.26 | -2.94 | 2.47 | -16.91 | -16.57 | -24.96 | — |
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.94x is below 1.0, meaning current liabilities exceed current assets — though the company's $1.5B cash position helps mitigate short-term liquidity concerns. The current ratio has improved from 0.85x to 0.94x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.94 | 0.94 | 0.79 | 0.85 | 0.93 | 1.36 | 1.41 | 0.85 | 1.10 | 1.10 | 0.86 |
| Quick Ratio | 0.91 | 0.91 | 0.76 | 0.82 | 0.89 | 1.33 | 1.38 | 0.82 | 1.06 | 1.07 | 0.82 |
| Cash Ratio | 0.72 | 0.72 | 0.58 | 0.62 | 0.62 | 1.08 | 1.20 | 0.61 | 0.85 | 0.84 | 0.63 |
| Asset Turnover | — | 3.62 | 3.43 | 3.46 | 3.41 | 3.00 | 3.10 | 3.09 | 3.59 | 3.89 | 4.44 |
| Inventory Turnover | 122.42 | 122.42 | 108.91 | 111.15 | 97.80 | 142.22 | 192.94 | 113.14 | 112.48 | 128.45 | 138.68 |
| Days Sales Outstanding | — | 3.87 | 8.93 | 7.12 | 10.19 | 7.88 | 4.44 | 5.92 | 5.39 | 6.25 | 5.85 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Wayfair Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 0.8% | — | — | — | — |
| FCF Yield | 4.7% | 3.5% | 1.5% | — | — | 0.7% | 4.8% | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.2% | 1.5% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 2.2% | 1.5% | 1.7% | 0.0% | 0.0% | 0.0% | 0.0% |
| Shares Outstanding | — | $130M | $123M | $114M | $106M | $104M | $99M | $92M | $89M | $87M | $85M |
Compare W with 6 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| WYou | $10B | -31.5 | 38.9 | 21.4 | 30.2% | 0.1% | — | — | 12.6 |
| WSM | $25B | 23.4 | 15.3 | 22.2 | 46.5% | 18.5% | 52.7% | 47.3% | 0.8 |
| RH | $3B | 45.8 | 15.5 | — | 44.5% | 10.1% | — | 6.9% | 8.7 |
| BWMX | $618M | 15.0 | 7.5 | 6.7 | 67.9% | 12.0% | 54.0% | 20.3% | 2.5 |
| BBBY | $367M | -3.8 | — | — | 24.7% | -5.9% | -44.5% | -91.0% | — |
| DIBS | $176M | -9.8 | — | — | 71.9% | -29.7% | -16.0% | -18.3% | — |
| TBHC | $24M | -0.6 | — | — | 27.6% | -3.2% | — | -6.1% | — |
| Consumer Cyclical Median | — | 18.8 | 11.0 | 14.0 | 38.6% | 2.4% | 6.5% | 5.6% | 4.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 14 years · Updated daily
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Start ComparisonWayfair Inc.'s current P/E ratio is -31.5x. The historical average is 121.4x.
Wayfair Inc.'s current EV/EBITDA is 38.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 60.9x.
Based on historical data, Wayfair Inc. is trading at a P/E of -31.5x. Compare with industry peers and growth rates for a complete picture.
Wayfair Inc. has 30.2% gross margin and 0.1% operating margin.
Wayfair Inc.'s Debt/EBITDA ratio is 12.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.