Wayfair Inc. (W) Key Metrics
W valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $14.69B
- Enterprise value
- $15.83B
- P/E (TTM)
- —
- Forward P/E
- 25.8
- PEG ratio
- 23.50
- Price / sales
- 1.1 10-yr median 1.0
- Price / book
- —
- EV / EBITDA
- 145.3 10-yr median 95.6
- Dividend yield
- —
- Beta
- 3.02
W key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsW valuation Price multiples at each fiscal year-end price.
Price / sales+128.4%
1.1
2025 · hover or tap a bar for each year
20162025
EV / EBITDA
190.4
2025 · hover or tap a bar for each year
20162025
Price / free cash flow−39.4%
39.8
2025 · hover or tap a bar for each year
20162025
Free cash flow yield+1.0 pts
2.5%
2025 · hover or tap a bar for each year
20162025
W returns How much profit the business earns on the capital it uses.
Return on assets+5.1 pts
−9.1%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin+1.9 pts
2.6%
2025 · hover or tap a bar for each year
20162025
Asset turnover+5.6%
3.61
2025 · hover or tap a bar for each year
20162025
W per-share figures Results divided by the shares outstanding at year-end.
Revenue per share−0.8%
$95.58
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$2.40
2025 · hover or tap a bar for each year
20162025
Free cash flow per share+274.1%
$2.52
2025 · hover or tap a bar for each year
20162025
Book value per share
−$21.34
2025 · hover or tap a bar for each year
20162025
Shares outstanding+6.0%
130.3M
2025 · hover or tap a bar for each year
20162025
W financial health Debt, liquidity and how easily interest is covered.
Net debt−$323.0M
$2.53B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA
30.80
2025 · hover or tap a bar for each year
20162025
Current ratio+18.7%
0.94
2025 · hover or tap a bar for each year
20162025
Interest coverage
0.2
2025 · hover or tap a bar for each year
20162025
Debt / assets−3.1%
1.18
2025 · hover or tap a bar for each year
20162025
W efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−2 days
6 days
2025 · hover or tap a bar for each year
20162025
Days of inventory0 days
3 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−3 days
51 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+1 days
-42 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−0.3 pts
1.6%
2025 · hover or tap a bar for each year
20162025
W valuation history
Fiscal year-endToday10-year median
W returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
W debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
W cash returned to shareholders
DividendsBuybacksFree cash flow
W price vs earnings per share
Share price at year-endEPS (right axis)
W key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $13.09B | $5.45B | $7.03B | $3.49B | $19.76B | $22.43B | $8.33B | $8.06B | $6.98B | $2.98B |
| Enterprise value | $15.61B | $8.30B | $9.89B | $6.36B | $21.41B | $23.47B | $9.72B | $8.07B | $6.90B | $2.73B |
| P/E ratio | — | — | — | — | — | 121.3 | — | — | — | — |
| Price / sales | 1.1 | 0.5 | 0.6 | 0.3 | 1.4 | 1.6 | 0.9 | 1.2 | 1.5 | 0.9 |
| Price / book | — | — | — | — | — | — | — | — | — | 37.5 |
| Price / free cash flow | 39.8 | 65.7 | — | — | 152.0 | 20.7 | — | — | — | — |
| Price / operating cash flow | 24.5 | 17.2 | 20.2 | — | 48.2 | 15.8 | — | 95.0 | 207.6 | 47.4 |
| EV / sales | 1.3 | 0.7 | 0.8 | 0.5 | 1.6 | 1.7 | 1.1 | 1.2 | 1.5 | 0.8 |
| EV / EBITDA | 190.4 | — | — | — | 95.6 | 36.8 | — | — | — | — |
| EV / free cash flow | 47.5 | 100.0 | — | — | 164.7 | 21.7 | — | — | — | — |
| Earnings yield | −2.4% | −9.0% | −10.5% | −38.2% | −0.7% | 0.8% | −11.8% | −6.3% | −3.5% | −6.5% |
| Free cash flow yield | 2.5% | 1.5% | −0.0% | −32.5% | 0.7% | 4.8% | −7.2% | −1.7% | −1.6% | −2.2% |
| Dividend yield | — | — | — | — | — | — | — | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | — | 0.0% | 0.0% | 2.2% | 1.5% | 1.7% | 0.0% | 0.0% | 0.0% | 0.7% |
| Share price at fiscal year-end | $100.41 | $44.32 | $61.70 | $32.89 | $189.97 | $225.81 | $90.37 | $90.08 | $80.27 | $35.05 |
| Per share | ||||||||||
| Revenue per share | $95.58 | $96.35 | $105.29 | $115.26 | $131.81 | $142.40 | $98.99 | $75.77 | $54.27 | $39.78 |
| Earnings per share | −$2.40 | −$4.00 | −$6.47 | −$12.56 | −$1.26 | $1.86 | −$10.68 | −$5.63 | −$2.81 | −$2.29 |
| Operating cash flow per share | $4.10 | $2.58 | $3.06 | −$6.36 | $3.94 | $14.26 | −$2.13 | $0.95 | $0.39 | $0.74 |
| Free cash flow per share | $2.52 | $0.67 | −$0.02 | −$10.68 | $1.25 | $10.90 | −$6.48 | −$1.53 | −$1.30 | −$0.77 |
| Cash per share | $11.83 | $11.15 | $11.85 | $12.06 | $23.07 | $26.09 | $10.71 | $10.77 | $7.13 | $4.10 |
| Book value per share | −$21.34 | −$22.40 | −$23.75 | −$24.06 | −$15.57 | −$12.00 | −$10.24 | −$3.70 | −$0.56 | $0.93 |
| Tangible book value per share | −$21.43 | −$22.51 | −$23.87 | −$24.20 | −$15.72 | −$12.17 | −$10.44 | −$3.73 | −$0.59 | $0.88 |
| Dividends per share | — | — | — | — | — | — | — | — | $0.00 | $0.00 |
| Capex per share | $1.57 | $1.90 | $3.08 | $4.32 | $2.69 | $3.37 | $4.35 | $2.48 | $1.69 | $1.51 |
| Debt per share | $31.21 | $34.32 | $36.88 | $39.20 | $38.98 | $36.50 | $25.70 | $10.86 | $6.16 | $1.14 |
| Shares outstanding | 130.3M | 123.0M | 114.0M | 106.0M | 104.0M | 99.3M | 92.2M | 89.5M | 87.0M | 85.0M |
| Change in shares outstanding | +6.0% | +7.9% | +7.5% | +1.9% | +4.7% | +7.7% | +3.0% | +2.9% | +2.4% | +1.5% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | — | — | — | — | — | — | — | — | — | −120.8% |
| Return on invested capital (ROIC) | — | −303.5% | −271.6% | −602.4% | — | — | — | — | — | — |
| Return on assets (ROA) | −9.1% | −14.2% | −20.9% | −32.7% | −2.9% | 4.9% | −40.7% | −32.5% | −24.8% | −26.7% |
| Return on tangible assets | −9.1% | −14.3% | −21.3% | −37.3% | −2.9% | 4.1% | −33.6% | −26.7% | −20.2% | −25.7% |
| Free cash flow margin | 2.6% | 0.7% | −0.0% | −9.3% | 0.9% | 7.7% | −6.5% | −2.0% | −2.4% | −1.9% |
| Income quality (OCF / net income) | — | — | — | — | — | 7.66 | — | — | — | — |
| Financial health | ||||||||||
| Total debt | $4.07B | $4.22B | $4.20B | $4.16B | $4.05B | $3.63B | $2.37B | $971.9M | $535.7M | $96.7M |
| Cash & short-term investments | $1.54B | $1.37B | $1.35B | $1.28B | $2.40B | $2.59B | $987.0M | $963.7M | $620.0M | $348.6M |
| Net debt | $2.53B | $2.85B | $2.85B | $2.88B | $1.66B | $1.03B | $1.38B | $8.2M | −$84.3M | −$251.9M |
| Debt / equity | — | — | — | — | — | — | — | — | — | 1.22 |
| Debt / assets | 1.18 | 1.22 | 1.21 | 1.16 | 0.89 | 0.79 | 0.80 | 0.51 | 0.44 | 0.13 |
| Net debt / EBITDA | 30.80 | — | — | — | 7.39 | 1.62 | — | — | — | — |
| Current ratio | 0.94 | 0.79 | 0.85 | 0.93 | 1.36 | 1.41 | 0.85 | 1.10 | 1.10 | 0.86 |
| Quick ratio | 0.91 | 0.76 | 0.82 | 0.89 | 1.33 | 1.38 | 0.82 | 1.06 | 1.07 | 0.82 |
| Interest coverage | 0.2 | -15.9 | -47.8 | -51.3 | -2.9 | 2.5 | -16.9 | -16.6 | -25.0 | — |
| Working capital | −$128.0M | −$493.0M | −$328.0M | −$139.0M | $795.0M | $880.0M | −$234.4M | $116.7M | $77.1M | −$80.1M |
| Invested capital | −$256.0M | $94.0M | $146.0M | $327.0M | $36.0M | −$158.0M | $438.7M | −$322.5M | −$132.6M | −$172.5M |
| Tangible asset value | −$2.79B | −$2.77B | −$2.72B | −$2.57B | −$1.64B | −$1.21B | −$963.0M | −$333.3M | −$51.4M | $75.2M |
| Net current asset value | −$4.22B | −$4.34B | −$4.33B | −$4.20B | −$3.18B | −$2.72B | −$2.52B | −$965.6M | −$444.9M | −$205.2M |
| Graham net-net per share | −$34.87 | −$37.29 | −$40.50 | −$42.94 | −$33.98 | −$30.35 | −$30.03 | −$13.38 | −$6.89 | −$3.65 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | — | — | — | — | — | — | $0 | $0 |
| Share buybacks (net) | — | $0 | $0 | $75.0M | $300.0M | $380.2M | $0 | $0 | $1.6M | $21.1M |
| Dividends + buybacks / free cash flow | — | 0.0% | — | — | 230.8% | 35.1% | — | — | — | — |
| Capex / revenue | 1.6% | 2.0% | 2.9% | 3.7% | 2.0% | 2.4% | 4.4% | 3.3% | 3.1% | 3.8% |
| Capex / operating cash flow | 38.4% | 73.8% | 100.6% | — | 68.3% | 23.6% | — | 261.6% | 436.7% | 203.9% |
| Capex / depreciation | 0.67 | 0.60 | 0.84 | 1.23 | 0.87 | 1.17 | 2.08 | 1.80 | 1.69 | 2.30 |
| Stock-based compensation / revenue | 2.7% | 3.3% | 5.0% | 4.2% | 2.5% | 2.0% | 2.5% | 1.9% | 1.4% | 1.5% |
| R&D / revenue | — | 2.2% | 2.3% | 1.8% | 1.2% | 0.9% | 0.9% | 0.8% | 0.7% | 0.6% |
| SG&A / revenue | 27.4% | 16.7% | 20.4% | 5.2% | 14.7% | 22.9% | 17.8% | 15.1% | 28.5% | 13.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 6.2 | 8.1 | 8.7 | 9.5 | 6.2 | 4.1 | 4.0 | 2.4 | 2.2 | 2.9 |
| Days of inventory on hand | 3.1 | 3.3 | 3.6 | 3.3 | 2.3 | 2.1 | 2.8 | 2.6 | 2.4 | 2.7 |
| Days payables outstanding | 51.4 | 54.7 | 53.4 | 49.1 | 43.2 | 37.6 | 40.7 | 38.3 | 41.5 | 46.1 |
| Cash conversion cycle (days) | -42.1 | -43.3 | -41.0 | -36.3 | -34.7 | -31.4 | -34.0 | -33.3 | -37.0 | -40.5 |
| Receivables turnover | 59.04 | 45.23 | 41.75 | 38.36 | 58.58 | 88.39 | 91.89 | 153.11 | 165.47 | 125.95 |
| Payables turnover | 7.10 | 6.67 | 6.84 | 7.43 | 8.45 | 9.72 | 8.96 | 9.52 | 8.79 | 7.91 |
| Inventory turnover | 118.26 | 109.63 | 101.04 | 110.72 | 162.20 | 176.49 | 129.43 | 139.95 | 154.62 | 133.81 |
| Asset turnover | 3.61 | 3.42 | 3.40 | 3.00 | 3.00 | 3.76 | 3.77 | 4.37 | 4.78 | 4.64 |
| Average receivables | $211.0M | $262.0M | $287.5M | $318.5M | $234.0M | $160.0M | $99.3M | $44.3M | $28.5M | $26.8M |
| Average payables | $1.22B | $1.24B | $1.22B | $1.19B | $1.16B | $1.03B | $779.1M | $545.3M | $409.9M | $325.2M |
| Average inventory | $73.5M | $75.5M | $82.5M | $79.5M | $60.5M | $56.8M | $53.9M | $37.1M | $23.3M | $19.2M |
| Intangibles / total assets | 0.3% | 0.4% | 0.4% | 0.4% | 0.4% | 0.4% | 0.6% | 0.1% | 0.3% | 0.6% |
Computed from W's annual financial statements (latest annual report filed February 19, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
W valuation and financial ratios
It ended the year with $4.1 billion of debt and $1.5 billion in cash and short-term investments, net debt of $2.5 billion. The share count rose 53.4% from 85.0M to 130.3M over 9 years.
See the W income statement, the W chart for price history, or the W stock overview for the latest quote and news.
W key metrics FAQ
What is Wayfair's EV/EBITDA?
Wayfair's enterprise value was 190.4 times EBITDA at the end of fiscal 2025 (enterprise value $15.6 billion, EBITDA $82.0 million); the current EV/EBITDA is 145.3.
How much debt does Wayfair have?
Wayfair had total debt of $4.1 billion at the end of fiscal 2025 and $2.5 billion of net debt (30.80 times EBITDA).
What is Wayfair's free cash flow yield?
Wayfair generated $329.0 million of free cash flow in fiscal 2025, a free cash flow yield of 2.5% on its market value at year-end ($13.1 billion).
What is Wayfair's current ratio?
Wayfair's current ratio was 0.94 at the end of fiscal 2025: current assets were 0.94 times current liabilities.