Latest Ratios: P/E Ratio 82.5x · EV/EBITDA 153.1x · ROE N/A. (2011–2025 historical series)
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.8B | $6.0B | $12.9B | $7.2B | $4.5B | $9.0B | $13.6B | $6.2B | $4.3B | $2.6B | $1.9B |
| Enterprise Value | $5.1B | $7.3B | $13.2B | $7.6B | $5.3B | $9.6B | $14.4B | $6.4B | $4.3B | $2.5B | $1.8B |
| P/E Ratio → | 82.52 | 118.06 | 90.91 | 215.82 | — | — | — | — | — | — | — |
| P/S Ratio | 1.91 | 3.01 | 7.31 | 4.60 | 3.21 | 7.08 | 13.82 | 8.16 | 7.19 | 6.16 | 6.45 |
| P/B Ratio | — | — | — | — | — | 61.73 | 47.37 | 29.75 | 28.49 | 231.58 | — |
| P/FCF | 6.63 | 10.44 | 26.82 | 39.43 | — | 321.41 | 105.30 | 48.48 | 42.68 | 37.13 | 51.93 |
| P/OCF | 6.54 | 10.29 | 25.86 | 28.94 | 119.93 | 136.94 | 91.89 | 41.33 | 37.49 | 31.56 | 46.15 |
P/E links to full P/E history page with 30-year chart
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 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 3.65 | 7.48 | 4.85 | 3.85 | 7.54 | 14.59 | 8.39 | 7.20 | 5.96 | 6.13 |
| EV / EBITDA | 153.13 | 218.98 | 100.35 | 3664.78 | — | — | — | — | — | — | — |
| EV / EBIT | 2902.20 | 1575.90 | 84.93 | 180.13 | — | — | — | — | — | — | — |
| EV / FCF | — | 12.66 | 27.46 | 41.56 | — | 342.23 | 111.20 | 49.85 | 42.76 | 35.94 | 49.35 |
Margins and return-on-capital ratios measuring operating 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 | 68.1% | 68.1% | 67.9% | 67.2% | 62.1% | 61.5% | 68.2% | 74.3% | 79.0% | 83.7% | 84.4% |
| Operating Margin | 0.1% | 0.1% | 5.7% | -1.6% | -20.6% | -25.6% | -20.2% | -10.8% | -5.1% | -11.7% | -15.2% |
| Net Profit Margin | 2.5% | 2.5% | 7.9% | 2.1% | -30.6% | -9.2% | -17.0% | -11.6% | -6.1% | -13.2% | -16.2% |
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | -54.1% | -67.4% | -48.7% | -45.4% | -1239.1% | — |
| ROA | 2.2% | 2.2% | 7.4% | 1.9% | -22.3% | -5.9% | -11.1% | -9.0% | -6.3% | -20.6% | -25.7% |
| ROIC | 0.2% | 0.2% | 26.7% | -3.8% | -31.7% | -27.5% | -20.8% | -22.5% | -52.5% | — | — |
| ROCE | 0.2% | 0.2% | 14.2% | -3.1% | -30.8% | -25.6% | -20.8% | -14.1% | -11.5% | -266.1% | -964.8% |
Solvency and debt-coverage ratios — lower is generally safer
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | — | — | 7.10 | 3.24 | 2.13 | 2.23 | 0.11 | — |
| Debt / EBITDA | 47.78 | 47.78 | 7.39 | 482.25 | — | — | — | — | — | — | — |
| Net Debt / Equity | — | — | — | — | — | 4.00 | 2.65 | 0.84 | 0.05 | -7.42 | — |
| Net Debt / EBITDA | 38.40 | 38.40 | 2.35 | 187.17 | — | — | — | — | — | — | — |
| Debt / FCF | — | 2.22 | 0.64 | 2.12 | — | 20.82 | 5.90 | 1.37 | 0.08 | -1.19 | -2.58 |
| Interest Coverage | 1.20 | 1.20 | 40.14 | 8.72 | -77.87 | -7.87 | -4.00 | -2.99 | -2.32 | -177.26 | -193.76 |
Short-term solvency ratios and asset-utilisation metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.19 | 1.19 | 0.84 | 1.36 | 0.96 | 1.79 | 1.74 | 1.72 | 2.15 | 0.88 | 0.96 |
| Quick Ratio | 1.19 | 1.19 | 0.84 | 1.36 | 0.95 | 1.76 | 1.71 | 1.69 | 2.12 | 0.82 | 0.89 |
| Cash Ratio | 1.06 | 1.06 | 0.73 | 1.22 | 0.89 | 1.70 | 1.64 | 1.64 | 2.07 | 0.77 | 0.83 |
| Asset Turnover | — | 0.76 | 0.92 | 0.87 | 0.79 | 0.62 | 0.52 | 0.69 | 0.71 | 1.28 | 1.35 |
| Inventory Turnover | — | — | 2851.69 | — | 38.50 | 17.94 | 14.23 | 15.30 | 14.08 | 4.31 | 3.17 |
| Days Sales Outstanding | — | 7.60 | 9.57 | 13.41 | 11.07 | 8.73 | 8.78 | 8.18 | 8.18 | 9.78 | 10.42 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
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 | 1.2% | 0.8% | 1.1% | 0.5% | — | — | — | — | — | — | — |
| FCF Yield | 15.1% | 9.6% | 3.7% | 2.5% | — | 0.3% | 0.9% | 2.1% | 2.3% | 2.7% | 1.9% |
| Buyback Yield | 15.1% | 9.6% | 3.6% | 1.8% | 5.2% | 2.2% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% |
| Total Shareholder Yield | 15.1% | 9.6% | 3.6% | 1.8% | 5.2% | 2.2% | 0.0% | 0.0% | 0.8% | 0.0% | 0.0% |
| Shares Outstanding | — | $58M | $60M | $58M | $58M | $57M | $54M | $51M | $48M | $46M | $42M |
Includes 30+ ratios · 15 years · Updated daily
Live VCP patterns, Cup & Handle overlays, support/resistance, and AI trade plans.
High-probability breakout stocks crossing their pivot across 5 pattern engines.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying WIX stock.
Wix.com Ltd.'s current P/E ratio is 82.5x. The historical average is 104.5x.
Wix.com Ltd.'s current EV/EBITDA is 153.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
Based on historical data, Wix.com Ltd. is trading at a P/E of 82.5x. Compare with industry peers and growth rates for a complete picture.
Wix.com Ltd. has 68.1% gross margin and 0.1% operating margin.
Wix.com Ltd.'s Debt/EBITDA ratio is 47.8x, indicating high leverage. A ratio above 4x may signal elevated financial risk.
Key Metrics
Top Statement Risk
Liquidity squeeze and negative equity
Margin Compression Amidst Investment
WIX's operating margin swung from 9.0% in 2025Q2 to -5.6% in 2026Q2, while gross margin slipped to 65.8%, indicating cost pressures, as per reported quarterly figures.
The 14.6 percentage point operating margin collapse suggests that the sharp rise in R&D and SG&A expenses is outpacing revenue growth, which may indicate a deliberate investment phase or a structural cost problem. Net margin turned deeply negative at -13.6% in 2026Q2, yet free cash flow margin remained positive at 10.0%, highlighting the divergence between accounting profitability and cash generation. Investors should monitor whether the margin recovery is achievable as revenue growth decelerates.
Return on Capital Turns Sharply Negative
ROIC deteriorated from 20.9% in 2025Q2 to -26.7% in 2026Q2, while ROA fell to -3.2%, reflecting a significant erosion of capital efficiency, based on financial statements.
The swing from positive to deeply negative ROIC suggests that the company's investments are not yet generating returns, possibly due to the R&D spike and margin compression. The negative ROIC, combined with a negative equity base, implies that the company is destroying value on its invested capital, which may be a temporary consequence of heavy spending or a sign of strategic missteps. The trend warrants close monitoring as the company attempts to scale its investments.
Working Capital Efficiency Improves
DSO improved from 12 days in 2024Q1 to 8 days in 2026Q2, while DPO rose to 46 days, resulting in a negative cash conversion cycle, as per reported figures.
The negative CCC indicates that WIX is collecting cash from customers before paying suppliers, which is a favorable position for a software company with subscription-based revenue. However, the sharp increase in DPO from 17 days in 2025Q3 to 46 days in 2026Q2 may suggest stretched supplier payments, which could be a liquidity management tactic. Asset turnover remains low at 0.23, reflecting the asset-light model but also the impact of a large cash and intangible base.
Leverage Soars with Negative Equity
Total debt doubled to $2.0B by 2026Q2, while equity turned deeply negative at -$1.7B, making traditional D/E incalculable, as per balance sheet data.
The negative equity base and rising debt suggest that WIX is financing its operations and buybacks through debt, which increases financial risk. Interest coverage turned negative at -2.61 in 2026Q2, indicating that operating income is insufficient to cover interest expenses, which may raise refinancing concerns. The company's ability to service its debt will depend on its capacity to restore profitability and generate consistent cash flow.
Liquidity Cushion Thins Rapidly
Current ratio fell from 1.71 in 2026Q1 to 0.61 in 2026Q2, while cash dropped from $1.3B to $262.8M, indicating a severe liquidity squeeze, as per quarterly data.
The sharp decline in the current ratio and cash position suggests that WIX may face near-term liquidity constraints, especially if operating cash flow does not improve. The company's ability to meet short-term obligations appears strained, and the reliance on debt and deferred revenue may not provide sufficient buffer. Investors should monitor whether the company can replenish its cash reserves through operations or additional financing.
Misapplied Ratio: P/E on Negative Earnings
The trailing P/E of 78.12 is misleading given negative net income in 2026Q2; forward P/E of 14.04 may better reflect expected earnings recovery, but it hinges on margin restoration.
Commonly, investors use P/E to value WIX, but with negative earnings, the ratio becomes meaningless. The forward P/E suggests the market expects a sharp earnings rebound, which may be optimistic given the current margin compression. A more appropriate metric is EV/EBITDA, but at 147.01, it is extremely high, indicating that the market is pricing in substantial future growth. Alternatively, P/FCF at 6.28 may be more relevant, as free cash flow remains positive despite accounting losses, but the sustainability of that cash flow is uncertain given the liquidity squeeze.