Wayfair Inc. Financial Ratios — W Stock

Profitability (USD)

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Return on Common Equity (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Assets (%)	- -	-8.63	-39.4	-12.39	-26.7	-24.77	-32.48	-40.67	4.92	-2.87	-32.66	-20.92	-14.19	-9.07
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	30.99	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	16.31	- -	- -	- -	- -	- -
Gross Margin (%)	24.15	24.48	23.59	24.03	23.9	23.7	23.41	23.52	29.07	28.41	27.96	30.55	30.16	30.22
EBITDA Margin (%)	-2.01	-0.32	-9.54	-2.17	-4.16	-3.14	-5.16	-8.09	4.57	1.75	-7.72	-2.64	0.35	3.19
Operating Margin (%)	-3.56	-1.75	-11.2	-3.62	-5.8	-4.99	-6.98	-10.19	2.55	-0.6	-10.75	-6.12	-2.91	0.75
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	25.71	- -	- -	- -	- -	72.28
Pretax Margin (%)	-3.49	-1.69	-11.22	-3.44	-5.73	-5.17	-7.41	-10.76	1.45	-0.95	-10.8	-6.07	-4.07	-2.44
Profit Margin (%)	-3.5	-1.7	-11.23	-3.44	-5.75	-5.18	-7.44	-10.79	1.31	-0.96	-10.89	-6.15	-4.15	-2.51
Net Income to Common Margin (%)	-5.53	-4.47	-11.39	-3.44	-5.75	-5.18	-7.44	-10.79	1.31	-0.96	-10.89	-6.15	-4.15	-2.51
Effective Tax Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	9.76	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	36.6	62.05	-24.94	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Credit (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Total Debt	- -	- -	4	27	69	453	982	2,370	3,626	4,054	4,155	4,204	4,221	4,297
ST Debt	- -	- -	- -	- -	- -	- -	- -	91	97	110	125	250	410	229
LT Debt	- -	- -	4	27	69	453	982	2,279	3,529	3,944	4,030	3,954	3,811	4,068
Total Debt/EBITDA	- -	- -	-0.03	-0.56	-0.49	-3.05	-2.81	-3.21	5.61	16.89	-4.41	-13.26	100.5	10.8
Net Debt/EBITDA	6.46	22.3	2.83	6.83	1.99	1.52	0.32	-1.18	0.82	5.61	-2.21	-5.95	42.9	4.51
Total Debt/EBIT	- -	- -	-0.03	-0.34	-0.35	-1.92	-2.07	-2.55	10.07	-49.44	-3.16	-5.73	-12.23	46.2
Net Debt/EBIT	3.64	4.08	2.41	4.11	1.43	0.96	0.23	-0.94	1.47	-16.41	-1.59	-2.57	-5.22	19.31
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	-12.25	-13.42	4.42	7.5	-34.93	-18.65	1.45	3.34
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	-20.02	-20.71	2.13	-1.25	-51.89	-39.29	-6.62	1.62
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	-16.57	-16.91	2.47	-2.56	-48.67	-43.18	-11.9	0.78
Interest Expense	- -	- -	- -	- -	- -	- -	29	55	146	32	27	17	29	119
Common Equity/Total Assets	-92.22	-97.22	-10.45	-19.51	-43.31	-48.06	-57.25	-69.94	-41.27	-42.65	-91.62	-115.66	-130.38	-140.2
Long-Term Debt/Equity (%)	- -	- -	1.3	11.25	86.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	-7.32	-25.23	-26.38	-348.09	-976.69	748.2	202.82	187.36	460.57	2,125.81	-1,318.69	-773.38
Long-Term Debt/Total Assets (%)	- -	- -	0.71	3.93	9.04	37.34	51.94	77.17	77.22	86.3	112.57	113.82	110.18	118.26
Total Debt/Equity (%)	- -	- -	1.3	11.25	86.73	-937.39	-296.94	-250.99	-304.19	-250.4	-162.94	-155.3	-153.21	-154.46
Total Debt/Capital (%)	- -	- -	-7.32	-25.23	-26.38	-348.09	-976.69	778.11	208.39	192.59	474.86	2,260.22	-1,460.55	-816.92
Total Debt/Total Assets (%)	- -	- -	0.71	3.93	9.04	37.34	51.94	80.25	79.34	88.71	116.06	121.01	122.03	124.91
Net Debt to Equity	-119.77	-130.56	-116.47	-137.78	-352.51	467.74	33.43	-92.51	-44.38	-83.14	-81.84	-69.71	-65.41	-64.56
Net Debt/Capital (%)	602.83	436.63	86.81	75.54	51.74	32.8	11.64	-313.98	-135.64	337.34	-1,192.57	-166.11	-112.27	-89.71
EBITDA	-12	-3	-126	-49	-141	-148	-350	-738	646	240	-943	-317	42	398
EBITDA-CapEx	-27	-19	-172	-111	-269	-295	-572	-1,139	311	-40	-1,401	-668	-192	193
Operating Income (Loss)	-21	-16	-148	-81	-196	-235	-473	-930	360	-82	-1,314	-734	-345	93

Liquidity (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Cash Ratio	1.03	0.79	1.79	0.97	0.63	0.84	0.85	0.61	1.2	1.08	0.62	0.62	0.58	0.72
Current Ratio	1.43	1.12	2.09	1.24	0.86	1.1	1.1	0.85	1.41	1.36	0.93	0.85	0.79	0.94
Quick Ratio	1.19	0.85	1.87	1.06	0.72	0.95	0.93	0.7	1.28	1.22	0.78	0.73	0.7	0.84
CFO/Avg Current Liab	- -	0.28	0.02	0.43	0.13	0.05	0.09	-0.14	0.75	0.19	-0.31	0.16	0.14	0.24
Common Equity/Total Assets	-92.22	-97.22	-10.45	-19.51	-43.31	-48.06	-57.25	-69.94	-41.27	-42.65	-91.62	-115.66	-130.38	-140.2
Long-Term Debt/Equity (%)	- -	- -	1.3	11.25	86.73	- -	- -	- -	- -	- -	- -	- -	- -	- -
Long-Term Debt/Capital (%)	- -	- -	-7.32	-25.23	-26.38	-348.09	-976.69	748.2	202.82	187.36	460.57	2,125.81	-1,318.69	-773.38
Long-Term Debt/Total Assets (%)	- -	- -	0.71	3.93	9.04	37.34	51.94	77.17	77.22	86.3	112.57	113.82	110.18	118.26
Total Debt/Equity (%)	- -	- -	1.3	11.25	86.73	-937.39	-296.94	-250.99	-304.19	-250.4	-162.94	-155.3	-153.21	-154.46
Total Debt/Capital (%)	- -	- -	-7.32	-25.23	-26.38	-348.09	-976.69	778.11	208.39	192.59	474.86	2,260.22	-1,460.55	-816.92
Total Debt/Total Assets (%)	- -	- -	0.71	3.93	9.04	37.34	51.94	80.25	79.34	88.71	116.06	121.01	122.03	124.91
CFO/Total Liabilities	4	23.52	1.65	29.89	9.21	2.67	3.82	-5.05	24.59	6.62	-11	5.65	5.1	8.58
CFO/CapEx	0.26	2.18	0.09	2.17	0.49	0.23	0.38	-0.49	4.23	1.46	-1.47	0.99	1.35	2.6
Altman's Z-Score	2.32	3.3	4.33	8.05	5.49	5.98	4.21	2.27	5.27	4.48	1.22	1.71	1.63	2.95

Working Capital (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Accounts Receivable Turnover	- -	78.09	193.42	283.81	232.98	165.47	153.11	121.43	134.89	81.6	49.07	58.27	80.35	86.81
Days Sales Outstanding	- -	4.67	1.89	1.29	1.57	2.21	2.38	3.01	2.71	4.47	7.44	6.26	4.54	4.2
Inventory Turnover	- -	60.48	57.99	86.11	133.81	154.62	139.95	129.43	176.49	162.2	110.72	101.04	109.63	118.26
Days Inventory Outstanding	- -	6.04	6.29	4.24	2.73	2.36	2.61	2.82	2.07	2.25	3.3	3.61	3.33	3.09
Accounts Payable Turnover	- -	8.28	8.1	8.16	7.91	8.81	9.56	8.98	9.71	8.46	7.45	6.83	6.68	7.1
Accounts Payable Turnover Days	- -	44.08	45.06	44.71	46.16	41.43	38.2	40.65	37.6	43.13	49.02	53.47	54.68	51.43
Cash Conversion Cycle	- -	-33.37	-36.88	-39.19	-41.87	-36.86	-33.2	-34.83	-32.83	-36.4	-38.29	-43.59	-46.8	-44.14
Inventory to Cash Days	- -	-1.36	-4.41	-2.95	-1.16	-0.15	-0.22	0.19	0.64	2.22	4.14	2.65	1.21	1.12
Inventories	8	15	20	20	19	28	46	62	52	69	90	75	76	71
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	69	90	- -	- -	- -
Other Inventory	8	15	20	20	19	28	46	62	52	- -	- -	75	76	71

Enterprise Value (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Market Capitalization	- -	- -	1,005	3,987	2,978	6,982	8,060	8,332	21,638	19,757	3,486	7,034	5,451	12,852
- Cash & Cash Equivalents	78	65	356	334	280	559	849	583	2,130	1,706	1,050	1,322	1,316	1,476
+ Preferred Equity and Hybrid Capital	216	241	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	- -	- -	4	27	69	453	982	2,370	3,626	4,054	4,155	4,204	4,221	4,297
Enterprise Value	115	126	593	3,628	2,699	6,815	8,078	9,715	22,672	21,412	6,363	9,887	8,300	15,607
Total Capital	65	50	-54	-108	-261	-130	-101	305	1,740	2,105	875	186	-289	-526
Total Debt/Capital (%)	- -	- -	-7.32	-25.23	-26.38	-348.09	-976.69	778.11	208.39	192.59	474.86	2,260.22	-1,460.55	-816.92
Total Debt / EV	- -	- -	0.01	0.01	0.03	0.07	0.12	0.24	0.16	0.19	0.65	0.43	0.51	0.28
EV/Sales	0.19	0.14	0.45	1.61	0.8	1.44	1.19	1.06	1.6	1.56	0.52	0.82	0.7	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	35.1	89.22	- -	- -	197.63	39.21
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	62.98	- -	- -	- -	- -	167.82
EV/Cash Flow to Firm	29.13	3.66	143.84	26.85	42.96	202.63	71.15	- -	14.64	48.42	- -	27	23.95	23.77
EV/Free Cash Flow to Firm	6.07	2.51	11.84	18.39	14.14	37.75	24.08	37.49	12.04	29.65	- -	13.79	14.3	18.12
Diluted Market Cap	- -	- -	1,005	3,987	2,978	6,982	8,060	8,332	22,431	19,757	3,486	7,034	5,451	12,852
Diluted Enterprise Value	138	176	653	3,680	2,767	6,876	8,192	10,119	23,927	22,105	6,591	9,916	8,356	15,673
EV per Share	1.63	1.79	11.72	43.33	31.76	78.35	90.28	105.37	236.6	205.88	60.03	86.73	67.48	121.93
TTM Sales	601	916	1,319	2,250	3,380	4,721	6,779	9,127	14,145	13,708	12,218	12,003	11,851	12,457
TTM EBITDA	-12	-3	-126	-49	-141	-148	-350	-738	646	240	-943	-317	42	398
TTM Operating Income	-21	-16	-148	-81	-196	-235	-473	-930	360	-82	-1,314	-734	-345	93
TTM Cash Flow to Firm	4	34	4	135	63	34	114	-142	1,549	442	-647	366	347	657
TTM Free Cash Flow to Firm	19	50	50	197	191	181	335	259	1,884	722	-189	717	581	862

Multiples (USD)

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	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Price/Free Cash Flow	- -	- -	20.06	20.21	15.6	38.68	26.27	40.84	12.8	28.63	-16.14	10.05	9.89	17.39
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	62.98	- -	- -	- -	- -	167.82
Enterprise Value	115	126	593	3,628	2,699	6,815	8,078	9,715	22,672	21,412	6,363	9,887	8,300	15,607
Low Price	- -	- -	16.74	18.12	27.6	34.3	60.53	78.61	21.7	183.74	28.11	29.51	37.35	20.41
EV/Sales	0.19	0.14	0.45	1.61	0.8	1.44	1.19	1.06	1.6	1.56	0.52	0.82	0.7	1.25
EV/EBITDA	- -	- -	- -	- -	- -	- -	- -	- -	35.1	89.22	- -	- -	197.63	39.21
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	116.96	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	-8.1	-37.4	-17.23	-21.66	-17.91	-11.73	99.64	-223.32	-5.92	-8.05	-13.19	-25.6
Price/Earnings High	- -	- -	-13.3	-61.45	-21.57	-29.94	-26.84	-16.26	180.82	-292.95	-15.75	-14.01	-19.05	-47
Price/Earnings Low	- -	- -	-5.65	-19.59	-12.07	-12.2	-10.74	-7.36	11.24	-145.87	-2.24	-4.56	-9.34	-8.35
Price/Book Value	- -	- -	-17.32	-29.43	-9.03	-11.97	-7.44	-4.03	-11.47	-10.14	-1.06	-1.75	-1.21	-2.66
Price/Book Value Average	- -	- -	-20.95	-21.38	-10.15	-9.08	-8.34	-5.6	-9.77	-15.01	-2.4	-1.48	-1.44	-1.66
Price/Book Value High	- -	- -	-34.4	-35.13	-12.71	-12.56	-12.5	-7.76	-17.74	-19.69	-6.39	-2.57	-2.08	-3.05
Price/Book Value Low	- -	- -	-14.61	-11.2	-7.11	-5.12	-5	-3.51	-1.1	-9.8	-0.91	-0.84	-1.02	-0.54
Price/Tangible Book Value	- -	- -	3.36	16.69	39.63	-135.75	-24.18	-8.65	-17.9	-12.08	-1.36	-2.59	-1.97	-4.6
Price/Tangible Book Value Average	- -	- -	4.07	12.13	44.56	-103.01	-27.08	-12	-15.25	-17.89	-3.07	-2.18	-2.34	-2.87
Price/Tangible Book Value High	- -	- -	6.68	19.93	55.79	-142.38	-40.59	-16.63	-27.67	-23.47	-8.17	-3.8	-3.39	-5.27
Price/Tangible Book Value Low	- -	- -	2.83	6.35	31.21	-58.01	-16.25	-7.53	-1.72	-11.69	-1.16	-1.24	-1.66	-0.94
Price/Sales	- -	- -	0.76	1.77	0.88	1.48	1.19	0.91	1.53	1.44	0.29	0.59	0.46	1.03
Price/Sales Average	- -	- -	0.92	1.29	0.99	1.12	1.33	1.27	1.3	2.13	0.65	0.49	0.55	0.64
Price/Sales High	- -	- -	1.51	2.12	1.24	1.55	2	1.75	2.36	2.8	1.72	0.86	0.79	1.18
Price/Sales Low	- -	- -	0.64	0.67	0.69	0.63	0.8	0.79	0.15	1.39	0.24	0.28	0.39	0.21
Price/Cash Flow	- -	- -	243.69	29.51	47.42	207.59	94.97	-42.29	15.27	48.19	-5.17	20.15	17.2	24.07
Price/Cash Flow Average	- -	- -	294.73	21.44	53.31	157.52	106.37	-58.67	13.01	71.35	-11.7	17.02	20.46	15.01
Price/Cash Flow High	- -	- -	484.07	35.22	66.75	217.73	159.41	-81.3	23.61	93.6	-31.1	29.63	29.56	27.55
Price/Cash Flow Low	- -	- -	205.51	11.23	37.34	88.71	63.82	-36.79	1.47	46.61	-4.42	9.64	14.49	4.89
Price/Free Cash Flow Average	- -	- -	24.26	14.68	17.54	29.35	29.42	56.66	10.91	42.4	-36.49	8.49	11.77	10.84
Price/Free Cash Flow High	- -	- -	39.85	24.12	21.96	40.57	44.09	78.51	19.79	55.62	-97.05	14.77	17.01	19.9
Price/Free Cash Flow Low	- -	- -	16.92	7.69	12.29	16.53	17.65	35.53	1.23	27.69	-13.79	4.81	8.34	3.54
EV/Sales Average	0.23	0.19	0.65	1.15	0.93	1.1	1.35	1.46	1.41	2.31	0.9	0.74	0.79	0.87
EV/Sales High	0.23	0.19	1.25	1.98	1.18	1.53	2.02	1.95	2.47	2.97	1.97	1.1	1.04	1.41
EV/Sales Low	0.23	0.19	0.38	0.54	0.63	0.61	0.82	0.99	0.25	1.57	0.5	0.52	0.63	0.44
EV/EBITDA Average	-11.44	-60.07	-6.87	-52.96	-22.31	-34.98	-26.19	-18.08	30.85	131.68	-11.65	-27.83	223.63	27.22
EV/EBITDA High	-11.44	-60.07	-13.08	-91.04	-28.31	-48.62	-39.06	-24.12	54.1	169.68	-25.52	-41.71	292.27	44.05
EV/EBITDA Low	-11.44	-60.07	-3.94	-24.75	-15.18	-19.39	-15.86	-12.24	5.53	89.4	-6.45	-19.7	178.55	13.65
EV/EBIT Average	-6.45	-10.98	-5.85	-31.84	-15.99	-22.05	-19.35	-14.35	55.36	-385.41	-8.36	-12.02	-27.22	116.5
EV/EBIT High	-6.45	-10.98	-11.13	-54.73	-20.29	-30.65	-28.86	-19.14	97.07	-496.63	-18.32	-18.01	-35.58	188.5
EV/EBIT Low	-6.45	-10.98	-3.36	-14.88	-10.88	-12.22	-11.72	-9.72	9.93	-261.67	-4.63	-8.51	-21.74	58.42
Last Price	- -	- -	19.85	47.62	35.05	80.27	90.08	90.37	225.81	189.97	32.89	61.7	44.32	100.41
High Price	- -	- -	39.43	56.84	49.34	84.19	151.2	173.72	349.08	369	197.77	90.71	76.18	114.92
Enterprise Value Average	138	176	864	2,590	3,138	5,192	9,159	13,346	19,930	31,603	10,988	8,823	9,392	10,835
Enterprise Value High	138	176	1,645	4,452	3,982	7,217	13,661	17,804	34,947	40,724	24,069	13,223	12,275	17,531
Enterprise Value Low	138	176	496	1,210	2,134	2,878	5,548	9,035	3,575	21,457	6,085	6,246	7,499	5,433

	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
Shares Outstanding	83	83	83	84	86	88	91	94	100	105	109	118	125	130
Diluted Weighted Avg Shares	70	70	51	84	85	87	89	92	99	104	106	114	123	128
Basic Weighted Avg Shares	70	70	51	84	85	87	89	92	96	104	106	114	123	128
Revenue per Share	8.54	13.02	26.04	26.87	39.78	54.27	75.77	98.99	147.61	131.81	115.26	105.29	96.35	97.32
EBITDA per Share	-0.17	-0.04	-2.48	-0.58	-1.66	-1.71	-3.91	-8	6.74	2.31	-8.9	-2.78	0.34	3.11
Operating Income per Share	-0.3	-0.23	-2.92	-0.97	-2.31	-2.71	-5.29	-10.09	3.76	-0.79	-12.4	-6.44	-2.8	0.73
Basic EPS, GAAP	-0.47	-0.58	-2.97	-0.92	-2.29	-2.81	-5.63	-10.68	1.93	-1.26	-12.56	-6.47	-4	-2.45
Basic EPS from Cont Ops	-0.3	-0.22	-2.92	-0.92	-2.29	-2.81	-5.63	-10.68	1.93	-1.26	-12.56	-6.47	-4	-2.45
Diluted EPS, GAAP	-0.47	-0.58	-2.97	-0.92	-2.29	-2.81	-5.63	-10.68	1.86	-1.26	-12.56	-6.47	-4	-2.45
Diluted EPS from Cont Ops	-0.3	-0.22	-2.92	-0.92	-2.29	-2.81	-5.63	-10.68	1.86	-1.26	-12.56	-6.47	-4	-2.45
Dividend per Share	- -	- -	0.78	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	0.06	0.49	0.08	1.61	0.74	0.39	0.95	-2.14	14.79	3.94	-6.36	3.06	2.58	4.17
Free Cash Flow per Basic Share	-0.16	0.26	-0.83	0.87	-0.77	-1.3	-1.53	-6.49	11.29	1.25	-10.68	-0.02	0.67	2.57
Cash & Equivalents per Share	1.43	1.64	8.21	4.61	4.1	7.13	10.77	10.71	27.05	23.07	12.06	11.85	11.15	12.05
Book Value per Share	-2.14	-2.71	-1.15	-1.62	-3.88	-6.7	-12.1	-22.4	-19.68	-18.74	-30.94	-35.25	-36.67	-37.68
Tangible Book Value per Share	-2.2	-2.85	5.91	2.85	0.88	-0.59	-3.73	-10.44	-12.62	-15.72	-24.2	-23.87	-22.5	-21.82

Wayfair Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)