Wayfair Inc. (W) Financial Ratios
14 years of historical data (2012–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↓
44.23
↓-39% vs avg
5yr avg: 72.82
30Y Low37.0·High97.0
P/FCF
↓
25.11
↓-69% vs avg
5yr avg: 81.95
30Y Low20.7·High152.0
P/B Ratio
N/A
—
5yr avg: N/A
30Y Low5.3·High37.5
ROE
N/A
—
5yr avg: N/A
30Y Low-121%·High-27%
Debt/EBITDA
↓
12.63
↓-17% vs avg
5yr avg: 15.21
30Y Low5.6·High17.8
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
W Valuation Multiples
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 25.1x P/FCF, 69% 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 | $11.7B | $13.1B | $5.5B | $7.0B | $3.5B | $19.8B | $22.4B | $8.3B | $8.1B | $7.0B | $3.0B |
| Enterprise Value | $14.2B | $15.7B | $8.4B | $9.9B | $6.6B | $22.1B | $23.9B | $10.1B | $8.2B | $6.9B | $2.8B |
| P/E Ratio → | -36.58 | — | — | — | — | — | 121.40 | — | — | — | — |
| P/S Ratio | 0.94 | 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 | 25.11 | 28.21 | 65.68 | — | — | 151.98 | 20.73 | — | — | — | — |
| P/OCF | 21.82 | 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
W EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Wayfair Inc.'s enterprise value stands at 44.2x EBITDA, 39% below its 5-year average of 72.8x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 263% 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 | 44.23 | 48.69 | — | — | — | 96.95 | 37.04 | — | — | — | — |
| EV / EBIT | 837.80 | — | — | — | — | — | 68.03 | — | — | — | — |
| EV / FCF | — | 33.79 | 100.68 | — | — | 170.04 | 22.11 | — | — | — | — |
W Profitability
Margins and return-on-capital ratios measuring operating efficiency
Wayfair Inc. earns an operating margin of 0.1%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from -6.8% to 0.1% over the past 3 years, signaling improving operational efficiency.
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 | 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% |
Return on Capital
| 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% |
W Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Wayfair Inc. carries a Debt/EBITDA ratio of 12.6x, which is highly leveraged (165% above the sector average of 4.8x). Net debt stands at $2.6B ($4.1B total debt minus $1.5B cash).
| 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 | -2.69 | -2.69 | -15.62 | -41.88 | -47.85 | -3.06 | 2.41 | -16.85 | -16.58 | -24.88 | — |
W Liquidity & Efficiency
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 |
W Shareholder Yields
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.
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | 0.8% | — | — | — | — |
| FCF Yield | 4.0% | 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 |
Peer Comparison
Compare W 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 |
|---|---|---|---|---|---|---|---|---|---|
 WYou | $12B | -36.6 | 44.2 | 25.1 | 30.2% | 0.1% | — | — | 12.6 |
 RH | $3B | 23.5 | 12.6 | 11.1 | 44.1% | 11.3% | 205.9% | 7.5% | 7.4 |
 WSM | $27B | 25.7 | 16.5 | 25.3 | 46.2% | 18.1% | 51.5% | 44.3% | 0.9 |
 BBBY | $429M | -4.2 | — | — | 24.7% | -5.9% | -44.5% | -91.0% | — |
 ZG | $8B | 359.0 | 29.0 | 33.2 | 74.1% | -1.2% | 0.5% | -0.5% | 2.1 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 TGT | $59B | 16.1 | 9.3 | 20.9 | 25.4% | 4.6% | 24.0% | 12.0% | 2.5 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 ETSY | $7B | 53.2 | 13.5 | 11.0 | 71.6% | 12.8% | — | — | 1.6 |
 LOW | $125B | 18.7 | 13.9 | 16.3 | 33.5% | 11.8% | — | 26.5% | 3.7 |
 HD | $333B | 23.5 | 16.4 | 26.3 | 33.3% | 12.7% | 145.5% | 21.8% | 2.7 |
| 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 · 14 years · Updated daily
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W — Frequently Asked Questions
Quick answers to the most common questions about buying W stock.
What is Wayfair Inc.'s P/E ratio?
Wayfair Inc.'s current P/E ratio is -36.6x. The historical average is 121.4x.
What is Wayfair Inc.'s EV/EBITDA?
Wayfair Inc.'s current EV/EBITDA is 44.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 60.9x.
Is W stock overvalued?
Based on historical data, Wayfair Inc. is trading at a P/E of -36.6x. Compare with industry peers and growth rates for a complete picture.
What are Wayfair Inc.'s profit margins?
Wayfair Inc. has 30.2% gross margin and 0.1% operating margin.
How much debt does Wayfair Inc. have?
Wayfair Inc.'s Debt/EBITDA ratio is 12.6x, indicating high leverage. A ratio above 4x may signal elevated financial risk.