Williams-Sonoma, Inc. (WSM) 10-Year Financial Performance & Capital Metrics

WSM • • Industrial / General

Consumer CyclicalSpecialty RetailHome Goods & FurnishingsHome Improvement & Organization

AboutWilliams-Sonoma, Inc. operates as an omni-channel specialty retailer of various products for home. It offers cooking, dining, and entertaining products, such as cookware, tools, electrics, cutlery, tabletop and bar, outdoor, furniture, and a library of cookbooks under the Williams Sonoma Home brand, as well as home furnishings and decorative accessories under the Williams Sonoma lifestyle brand; and furniture, bedding, lighting, rugs, table essentials, and decorative accessories under the Pottery Barn brand. The company also provides home decor products under the West Elm brand; kids accessories under the Pottery Barn Kids brand; and an organic bedding to multi-purpose furniture under the Pottery Barn Teen brand. In addition, it offers made-to-order lighting, hardware, furniture, and home decors inspired by history under the Rejuvenation brand; and women's and men's accessories, travel, entertaining and bar, home décor, and seasonal items under the Mark and Graham brand, as well as operates a 3-D imaging and augmented reality platform for the home furnishings and décor industry. The company markets its products through e-commerce websites, direct-mail catalogs, and retail stores. It operates 544 stores comprising 502 stores in 41states, Washington, D.C., and Puerto Rico; 20 stores in Canada; 19 stores in Australia; 3 stores in the United Kingdom; and 139 franchised stores, as well as e-commerce websites in various countries in the Middle East, the Philippines, Mexico, South Korea, and India. Williams-Sonoma, Inc. was founded in 1956 and is headquartered in San Francisco, California.Show more

Revenue $7.71B -0.5%
EBITDA $1.66B +12.4%
Net Income $1.13B +18.5%
EPS (Diluted) 8.79 +20.7%
Gross Margin 46.45% +9.0%
EBITDA Margin 21.53% +13.0%
Operating Margin 18.55% +15.5%
Net Margin 14.59% +19.1%
ROE 52.7% +6.2%
ROIC 47.32% +27.6%
Debt/Equity 0.63 -3.8%
Interest Coverage -

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 56.4%
✓Strong 5Y profit CAGR of 25.9%
✓Strong Piotroski F-Score: 7/9
✓19 consecutive years of dividend growth
✓High quality earnings: Operating CF exceeds net income
✓Healthy 5Y average net margin of 12.7%

✗Weaknesses

✗Expensive at 12.6x book value

Price & Volume

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Growth Metrics

Revenue CAGR

10Y5.08%

5Y5.51%

3Y-2.21%

TTM5.1%

Profit (Net Income) CAGR

10Y13.8%

5Y25.88%

3Y-0.03%

TTM1.45%

EPS CAGR

10Y18.41%

5Y31.36%

3Y6.02%

TTM-31.28%

ROCE

10Y Avg35.86%

5Y Avg43.56%

3Y Avg43.96%

Latest42.17%

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

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Sales/Revenue+	4.98B	5.08B	5.29B	5.67B	5.9B	6.78B	8.25B	8.67B	7.75B	7.71B
Revenue Growth %	0.06%	0.02%	0.04%	0.07%	0.04%	0.15%	0.22%	0.05%	-0.11%	-0.01%
Cost of Goods Sold+	3.13B	3.2B	3.36B	3.57B	3.76B	4.15B	4.61B	5B	4.45B	4.13B
COGS % of Revenue	0.63%	0.63%	0.64%	0.63%	0.64%	0.61%	0.56%	0.58%	0.57%	0.54%
Gross Profit+	1.84B	1.88B	1.93B	2.1B	2.14B	2.64B	3.63B	3.68B	3.3B	3.58B
Gross Margin %	0.37%	0.37%	0.36%	0.37%	0.36%	0.39%	0.44%	0.42%	0.43%	0.46%
Gross Profit Growth %	0.02%	0.02%	0.03%	0.09%	0.02%	0.23%	0.38%	0.01%	-0.1%	0.08%
Operating Expenses+	1.36B	1.41B	1.48B	1.67B	1.67B	1.73B	2.18B	2.18B	2.06B	2.15B
OpEx % of Revenue	0.27%	0.28%	0.28%	0.29%	0.28%	0.25%	0.26%	0.25%	0.27%	0.28%
Selling, General & Admin	1.36B	1.41B	1.48B	1.67B	1.67B	1.73B	2.18B	2.18B	2.06B	2.15B
SG&A % of Revenue	0.27%	0.28%	0.28%	0.29%	0.28%	0.25%	0.26%	0.25%	0.27%	0.28%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	0	0	0	0	0
Operating Income+	488.63M	472.6M	453.81M	435.95M	465.87M	910.7M	1.45B	1.5B	1.24B	1.43B
Operating Margin %	0.1%	0.09%	0.09%	0.08%	0.08%	0.13%	0.18%	0.17%	0.16%	0.19%
Operating Income Growth %	-0.03%	-0.03%	-0.04%	-0.04%	0.07%	0.95%	0.6%	0.03%	-0.17%	0.15%
EBITDA+	656.39M	645.79M	636.89M	624.76M	653.63M	1.1B	1.65B	1.71B	1.48B	1.66B
EBITDA Margin %	0.13%	0.13%	0.12%	0.11%	0.11%	0.16%	0.2%	0.2%	0.19%	0.22%
EBITDA Growth %	-0.01%	-0.02%	-0.01%	-0.02%	0.05%	0.68%	0.5%	0.04%	-0.14%	0.12%
D&A (Non-Cash Add-back)	167.76M	173.19M	183.08M	188.81M	187.76M	188.66M	196.09M	214.15M	232.59M	229.8M
EBIT	488.63M	472.6M	453.81M	435.95M	465.87M	910.7M	1.45B	1.5B	1.24B	1.43B
Net Interest Income+	-627K	-688K	-1.37M	-6.71M	-8.85M	-16.23M	-1.86M	2.26M	29.16M	55.55M
Interest Income	0	0	0	0	0	0	0	2.26M	29.16M	55.55M
Interest Expense	627K	688K	1.37M	6.71M	8.85M	16.23M	1.86M	0	0	0
Other Income/Expense	-627K	-688K	-1.37M	-6.71M	-8.85M	-16.23M	-1.86M	2.26M	29.16M	55.55M
Pretax Income+	488.01M	471.91M	452.44M	429.25M	457.02M	894.47M	1.45B	1.5B	1.27B	1.49B
Pretax Margin %	0.1%	0.09%	0.09%	0.08%	0.08%	0.13%	0.18%	0.17%	0.16%	0.19%
Income Tax+	177.94M	166.52M	192.89M	95.56M	100.96M	213.75M	324.91M	372.78M	323.59M	360.48M
Effective Tax Rate %	0.64%	0.65%	0.57%	0.78%	0.78%	0.76%	0.78%	0.75%	0.75%	0.76%
Net Income+	310.07M	305.39M	259.55M	333.68M	356.06M	680.71M	1.13B	1.13B	949.76M	1.13B
Net Margin %	0.06%	0.06%	0.05%	0.06%	0.06%	0.1%	0.14%	0.13%	0.12%	0.15%
Net Income Growth %	0%	-0.02%	-0.15%	0.29%	0.07%	0.91%	0.65%	0%	-0.16%	0.18%
Net Income (Continuing)	310.07M	305.39M	259.55M	333.68M	356.06M	680.71M	1.13B	1.13B	949.76M	1.13B
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)+	1.68	1.71	1.55	2.03	2.25	4.31	7.38	8.16	7.28	8.79
EPS Growth %	0.04%	0.01%	-0.09%	0.31%	0.11%	0.92%	0.71%	0.11%	-0.11%	0.21%
EPS (Basic)	1.71	1.72	1.55	2.05	2.28	4.41	7.58	8.29	7.35	8.91
Diluted Shares Outstanding	184.2M	178.92M	167.45M	164.68M	158.45M	158.11M	152.71M	138.2M	130.54M	128.04M
Basic Shares Outstanding	181.57M	177.19M	167.45M	162.84M	156.22M	154.52M	148.54M	136.04M	129.15M	126.24M
Dividend Payout Ratio	0.41%	0.44%	0.52%	0.42%	0.42%	0.23%	0.17%	0.19%	0.24%	0.25%

Balance Sheet

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Total Current Assets+	1.34B	1.37B	1.64B	1.69B	1.76B	2.47B	2.32B	2.04B	2.72B	2.75B
Cash & Short-Term Investments	193.65M	213.71M	390.14M	338.95M	432.16M	1.2B	850.34M	367.34M	1.26B	1.21B
Cash Only	193.65M	213.71M	390.14M	338.95M	432.16M	1.2B	850.34M	367.34M	1.26B	1.21B
Short-Term Investments	0	0	0	0	0	0	0	0	0	0
Accounts Receivable	79.3M	88.8M	90.12M	107.1M	111.74M	143.73M	131.68M	115.69M	122.91M	117.68M
Days Sales Outstanding	5.82	6.38	6.22	6.89	6.91	7.73	5.83	4.87	5.79	5.57
Inventory	978.14M	977.5M	1.06B	1.12B	1.1B	1.01B	1.25B	1.46B	1.25B	1.33B
Days Inventory Outstanding	114	111.48	115.3	115	106.87	88.57	98.6	106.37	102.3	117.78
Other Current Assets	11.44M	10.65M	11.88M	21.94M	20.77M	22.89M	26.25M	31.97M	29.04M	24.61M
Total Non-Current Assets+	1.08B	1.11B	1.15B	1.12B	2.3B	2.19B	2.3B	2.63B	2.55B	2.55B
Property, Plant & Equipment	886.81M	923.28M	932.28M	929.63M	2.1B	1.96B	2.05B	2.35B	2.24B	2.21B
Fixed Asset Turnover	5.61x	5.51x	5.68x	6.10x	2.81x	3.46x	4.02x	3.69x	3.46x	3.49x
Goodwill	0	0	18.84M	85.38M	85.34M	85.45M	85.35M	77.31M	77.31M	77.26M
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	52.73M	51.18M	130.88M	59.43M	69.67M	87.14M	106.25M	116.41M	122.95M	137.34M
Total Assets+	2.42B	2.48B	2.79B	2.81B	4.05B	4.66B	4.63B	4.66B	5.27B	5.3B
Asset Turnover	2.06x	2.05x	1.90x	2.02x	1.45x	1.46x	1.78x	1.86x	1.47x	1.45x
Asset Growth %	0.04%	0.02%	0.12%	0.01%	0.44%	0.15%	-0.01%	0.01%	0.13%	0.01%
Total Current Liabilities+	996.43M	961.26M	1.01B	1.07B	1.61B	1.85B	1.77B	1.64B	1.88B	1.91B
Accounts Payable	447.41M	453.71M	457.14M	526.7M	521.24M	542.99M	612.51M	508.32M	607.88M	645.67M
Days Payables Outstanding	52.14	51.74	49.65	53.84	50.61	47.79	48.45	37.13	49.89	57.07
Short-Term Debt	0	0	0	0	299.82M	299.35M	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	58.01M	59.84M	59.08M	72.64M	73.46M	85.67M	94.52M	108.14M	103.16M	93.61M
Current Ratio	1.34x	1.42x	1.62x	1.58x	1.09x	1.34x	1.31x	1.24x	1.45x	1.44x
Quick Ratio	0.36x	0.41x	0.57x	0.53x	0.41x	0.79x	0.61x	0.35x	0.78x	0.74x
Cash Conversion Cycle	67.67	66.11	71.86	68.05	63.17	48.51	55.97	74.1	58.19	66.28
Total Non-Current Liabilities+	222.77M	267.4M	574.36M	582.32M	1.21B	1.16B	1.19B	1.33B	1.27B	1.25B
Long-Term Debt	0	0	299.42M	299.62M	0	0	0	0	0	0
Capital Lease Obligations	0	0	0	0	1.09B	1.03B	1.07B	1.21B	1.16B	1.11B
Deferred Tax Liabilities	-173.06M	0	0	0	0	0	0	0	0	0
Other Non-Current Liabilities	222.77M	267.4M	274.94M	282.7M	114.05M	137.18M	122.89M	113.82M	109.27M	134.08M
Total Liabilities	1.22B	1.23B	1.58B	1.66B	2.82B	3.01B	2.96B	2.96B	3.15B	3.16B
Total Debt+	0	0	299.42M	299.62M	1.62B	1.53B	1.28B	1.44B	1.39B	1.35B
Net Debt	-193.65M	-213.71M	-90.71M	-39.33M	1.19B	333.82M	433.91M	1.08B	128.61M	134.34M
Debt / Equity	-	-	0.25x	0.26x	1.31x	0.93x	0.77x	0.85x	0.65x	0.63x
Debt / EBITDA	-	-	0.47x	0.48x	2.48x	1.40x	0.78x	0.84x	0.94x	0.81x
Net Debt / EBITDA	-0.30x	-0.33x	-0.14x	-0.06x	1.82x	0.30x	0.26x	0.63x	0.09x	0.08x
Interest Coverage	779.32x	686.92x	330.77x	65.01x	52.62x	56.11x	779.15x	-	-	-
Total Equity+	1.2B	1.25B	1.2B	1.16B	1.24B	1.65B	1.66B	1.7B	2.13B	2.14B
Equity Growth %	-0.02%	0.04%	-0.04%	-0.04%	0.07%	0.34%	0.01%	0.02%	0.25%	0.01%
Book Value per Share	6.50	6.98	7.19	7.02	7.80	10.44	10.90	12.31	16.30	16.73
Total Shareholders' Equity	1.2B	1.25B	1.2B	1.16B	1.24B	1.65B	1.66B	1.7B	2.13B	2.14B
Common Stock	896K	873K	837K	789K	772K	764K	720K	663K	642K	1.23M
Retained Earnings	668.54M	701.7M	647.42M	584.33M	644.79M	1.02B	1.07B	1.14B	1.56B	1.59B
Treasury Stock	-1.91M	-1.38M	-725K	-235K	-941K	-599K	-711K	-739K	-1.43M	-435K
Accumulated OCI	-10.62M	-9.9M	-6.78M	-11.07M	-14.59M	-7.12M	-10.83M	-13.81M	-15.55M	-21.59M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Jan 2018	Jan 2019	Jan 2020	Jan 2021	Jan 2022	Jan 2023	Jan 2024	Jan 2025
Cash from Operations+	544.03M	524.71M	499.7M	585.99M	607.29M	1.27B	1.37B	1.05B	1.68B	1.36B
Operating CF Margin %	0.11%	0.1%	0.09%	0.1%	0.1%	0.19%	0.17%	0.12%	0.22%	0.18%
Operating CF Growth %	0.18%	-0.04%	-0.05%	0.17%	0.04%	1.1%	0.08%	-0.23%	0.6%	-0.19%
Net Income	310.07M	305.39M	259.55M	333.68M	356.06M	680.71M	1.13B	1.13B	949.76M	1.13B
Depreciation & Amortization	167.76M	173.19M	183.08M	188.81M	187.76M	188.66M	196.09M	214.15M	232.59M	229.8M
Stock-Based Compensation	41.36M	51.12M	42.99M	59.8M	64.16M	73.19M	95.24M	90.27M	84.75M	98.98M
Deferred Taxes	-7.44M	7.11M	63.38M	23.64M	-2.56M	-13.06M	2.54M	-23.82M	-29.09M	-9.74M
Other Non-Cash Items	-20.14M	-23.49M	-23.62M	-16.57M	209.82M	242.69M	213.91M	254.13M	274.36M	258.86M
Working Capital Changes	52.41M	11.39M	-25.67M	-3.38M	-207.96M	102.67M	-262.96M	-609.81M	167.89M	-342.93M
Change in Receivables	-12.85M	-9.79M	149K	-15.33M	-5.03M	-31.5M	11.9M	15.69M	-7.46M	5M
Change in Inventory	-92.65M	4.49M	-80.23M	-70.33M	24.22M	99.14M	-239.98M	-208.91M	209.17M	-88.08M
Change in Payables	60.51M	3.17M	2.55M	62.38M	-11.05M	25.49M	56.67M	-113.52M	99.04M	15.36M
Cash from Investing+	-202.17M	-196.97M	-269.76M	-187.9M	-185.55M	-168.88M	-226.25M	-353.95M	-188.26M	-221.21M
Capital Expenditures	-202.94M	-197.41M	-189.71M	-190.1M	-186.28M	-169.51M	-226.52M	-354.12M	-188.46M	-221.57M
CapEx % of Revenue	0.04%	0.04%	0.04%	0.03%	0.03%	0.02%	0.03%	0.04%	0.02%	0.03%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	769K	439K	480K	2.2M	728K	629K	270K	162K	201K	360K
Cash from Financing+	-369.38M	-305.81M	-51.71M	-450.07M	-327.23M	-343.02M	-1.49B	-1.18B	-598.31M	-1.18B
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-127.64M	-133.54M	-135.01M	-140.32M	-150.64M	-157.65M	-187.54M	-217.34M	-232.47M	-280.06M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-14.78M	-21M	-20.52M	-14.44M	-27.75M	-35.37M	-105.01M	-81.29M	-52.83M	-96.69M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	341.09M	327.3M	309.99M	395.88M	421.02M	1.11B	1.14B	698.71M	1.49B	1.14B
FCF Margin %	0.07%	0.06%	0.06%	0.07%	0.07%	0.16%	0.14%	0.08%	0.19%	0.15%
FCF Growth %	0.33%	-0.04%	-0.05%	0.28%	0.06%	1.63%	0.04%	-0.39%	1.14%	-0.24%
FCF per Share	1.85	1.83	1.85	2.40	2.66	6.99	7.50	5.06	11.43	8.89
FCF Conversion (FCF/Net Income)	1.75x	1.72x	1.93x	1.76x	1.71x	1.87x	1.22x	0.93x	1.77x	1.21x
Interest Paid	1.99M	2.2M	2.92M	11.42M	12.68M	18.35M	3.09M	788K	837K	849K
Taxes Paid	134.48M	203.43M	99.06M	107.95M	113.34M	162.84M	306.16M	400.78M	315.85M	398.69M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	25.59%	24.97%	21.17%	28.29%	29.78%	47.16%	67.95%	67.03%	49.61%	52.7%
Return on Invested Capital (ROIC)	36.5%	34.77%	31.7%	29.33%	19.73%	30.97%	53.38%	46.1%	37.07%	47.32%
Gross Margin	37.06%	37.05%	36.5%	37.04%	36.27%	38.86%	44.05%	42.4%	42.62%	46.45%
Net Margin	6.23%	6.01%	4.9%	5.88%	6.04%	10.04%	13.66%	13%	12.25%	14.59%
Debt / Equity	-	-	0.25x	0.26x	1.31x	0.93x	0.77x	0.85x	0.65x	0.63x
Interest Coverage	779.32x	686.92x	330.77x	65.01x	52.62x	56.11x	779.15x	-	-	-
FCF Conversion	1.75x	1.72x	1.93x	1.76x	1.71x	1.87x	1.22x	0.93x	1.77x	1.21x
Revenue Growth	5.9%	2.16%	4.1%	7.17%	3.99%	15.01%	21.56%	5.2%	-10.65%	-0.5%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Pottery Barn	-	-	-	-	2.21B	2.53B	3.12B	3.56B	3.21B	3.04B
Pottery Barn Growth	-	-	-	-	-	14.08%	23.53%	13.93%	-9.83%	-5.18%
West Elm	-	-	-	-	1.47B	1.68B	2.23B	2.28B	1.85B	1.84B
West Elm Growth	-	-	-	-	-	14.71%	32.83%	1.95%	-18.58%	-0.77%
Williams Sonoma	-	-	-	-	1.03B	1.24B	1.35B	1.29B	1.26B	1.3B
Williams Sonoma Growth	-	-	-	-	-	20.33%	8.34%	-4.40%	-2.07%	3.39%
Pottery Barn Kids And Teen	-	-	-	-	908.56M	1.04B	1.14B	1.13B	1.06B	1.11B
Pottery Barn Kids And Teen Growth	-	-	-	-	-	14.75%	9.34%	-0.61%	-6.40%	4.39%
Others	-	-	-	-	276.14M	289.89M	404.96M	421.18M	369.16M	421.14M
Others Growth	-	-	-	-	-	4.98%	39.69%	4.01%	-12.35%	14.08%
E Commerce	2.52B	2.63B	2.78B	3.08B	-	-	-	-	-	-
E Commerce Growth	-	4.40%	5.50%	10.93%	-	-	-	-	-	-
Retail	2.45B	2.45B	2.51B	2.59B	-	-	-	-	-	-
Retail Growth	-	-0.13%	2.60%	3.01%	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Williams-Sonoma, Inc. (WSM) has a price-to-earnings (P/E) ratio of 23.9x. This is roughly in line with market averages.

Growth & Financials

Williams-Sonoma, Inc. (WSM) reported $7.91B in revenue for fiscal year 2024. This represents a 113% increase from $3.72B in 2011.

Williams-Sonoma, Inc. (WSM) saw revenue decline by 0.5% over the past year.

Yes, Williams-Sonoma, Inc. (WSM) is profitable, generating $1.11B in net income for fiscal year 2024 (14.6% net margin).

Dividend & Returns

Yes, Williams-Sonoma, Inc. (WSM) pays a dividend with a yield of 1.04%. This makes it attractive for income-focused investors.

Williams-Sonoma, Inc. (WSM) has a return on equity (ROE) of 52.7%. This is excellent, indicating efficient use of shareholder capital.

Williams-Sonoma, Inc. (WSM) generated $1.11B in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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