W · Wayfair Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $12.46B | $11.85B | $12.00B | $12.22B | $13.71B | $14.15B |
| Cost of Revenue | $8.69B | $8.28B | $8.34B | $8.80B | $9.81B | $10.03B |
| Gross Profit | $3.77B | $3.57B | $3.67B | $3.42B | $3.90B | $4.11B |
| R&D | - | - | - | - | - | - |
| SG&A | - | - | - | - | - | - |
| Total Operating Expenses | $3.75B | $4.04B | $4.48B | $4.80B | $3.99B | $3.75B |
| D&A | $305.00M | $387.00M | $417.00M | $371.00M | $322.00M | $285.71M |
| Operating Income | $17.00M | ($461.00M) | ($813.00M) | ($1.38B) | ($94.00M) | $360.35M |
| Interest Expense | $83.00M | - | - | - | - | - |
| Income Tax | $9.00M | $10.00M | $9.00M | $12.00M | $1.00M | $20.32M |
| Net Income | ($313.00M) | ($492.00M) | ($738.00M) | ($1.33B) | ($131.00M) | $185.00M |
| EPS - Basic | ($2.44) | ($4.01) | ($6.47) | ($12.54) | ($1.26) | $1.93 |
| EPS - Diluted | ($2.44) | ($4.01) | ($6.47) | ($12.54) | ($1.26) | $1.86 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.48B | $1.32B | $1.32B | $1.05B | $1.71B | $2.13B |
| Accounts Receivable | $132.00M | $155.00M | $140.00M | $272.00M | $226.00M | $110.30M |
| Inventory | $71.00M | $76.00M | $75.00M | $90.00M | $69.00M | $52.15M |
| Accounts Payable | $1.20B | $1.25B | $1.23B | $1.20B | $1.17B | $1.16B |
| Current Assets | $2.00B | $1.88B | $1.85B | $1.93B | $3.01B | $3.05B |
| Total Assets | $3.44B | $3.46B | $3.47B | $3.58B | $4.57B | $4.57B |
| Current Liabilities | $2.13B | $2.37B | $2.18B | $2.07B | $2.22B | $2.17B |
| Long-term Debt | $3.23B | $2.88B | $3.09B | $3.14B | $3.05B | $2.66B |
| Total Liabilities | $6.22B | $6.21B | $6.18B | $6.13B | $6.19B | $5.76B |
| Stockholders' Equity | ($2.78B) | ($2.75B) | ($2.71B) | ($2.55B) | ($1.62B) | ($1.19B) |
| Retained Earnings | ($4.82B) | ($4.51B) | ($4.02B) | ($3.28B) | ($1.95B) | ($1.89B) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $534.00M | $317.00M | $349.00M | ($674.00M) | $410.00M | $1.42B |
| Investing Cash Flow | ($219.00M) | ($262.00M) | ($152.00M) | $1.00M | ($515.00M) | ($236.07M) |
| Financing Cash Flow | ($129.00M) | ($69.00M) | $77.00M | $16.00M | ($303.00M) | $352.59M |
| CapEx | $70.00M | $73.00M | $148.00M | $186.00M | $101.00M | $186.04M |
| Free Cash Flow | $464.00M | $244.00M | $201.00M | ($860.00M) | $309.00M | $1.23B |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 30.2% | 30.2% | 30.6% | 28.0% | 28.4% | 29.1% |
| Operating margin | 0.1% | -3.9% | -6.8% | -11.3% | -0.7% | 2.5% |
| EBITDA margin | 2.6% | -0.6% | -3.3% | -8.3% | 1.7% | 4.6% |
| Net margin | -2.5% | -4.2% | -6.1% | -10.9% | -1.0% | 1.3% |
| Free cash flow margin | 3.7% | 2.1% | 1.7% | -7.0% | 2.3% | 8.7% |
| FCF / Net income | -1.48 | -0.50 | -0.27 | 0.65 | -2.36 | 6.65 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | - | - | - | - | - | - |
| Effective tax rate | - | - | - | - | - | 9.9% |
| Return on assets | -9.1% | -14.2% | -21.2% | -37.2% | -2.9% | 4.0% |
| Return on equity | 11.3% | 17.9% | 27.3% | 52.2% | 8.1% | -15.5% |
| Return on invested capital | 3.0% | -286.8% | -166.8% | -186.3% | -5.2% | 22.1% |
| Liquidity | ||||||
| Current ratio | 0.94 | 0.79 | 0.85 | 0.93 | 1.36 | 1.41 |
| Quick ratio | 0.91 | 0.76 | 0.82 | 0.89 | 1.33 | 1.38 |
| Cash ratio | 0.69 | 0.56 | 0.61 | 0.51 | 0.77 | 0.98 |
| Leverage | ||||||
| Debt / Equity | -1.16 | -1.05 | -1.14 | -1.23 | -1.89 | -2.23 |
| Debt / Assets | 0.94 | 0.83 | 0.89 | 0.88 | 0.67 | 0.58 |
| Debt / EBITDA | 10.04 | - | - | - | 13.39 | 4.12 |
| Interest coverage | 0.2x | - | - | - | - | - |
| Equity multiplier | -1.24 | -1.26 | -1.28 | -1.40 | -2.82 | -3.83 |
| Liabilities / Assets | 1.81 | 1.80 | 1.78 | 1.71 | 1.35 | 1.26 |
| Efficiency | ||||||
| Asset turnover | 3.62 | 3.43 | 3.46 | 3.41 | 3.00 | 3.10 |
| Inventory turnover | 122.42 | 108.91 | 111.15 | 97.80 | 142.22 | 192.38 |
| Days sales outstanding | 4d | 5d | 4d | 8d | 6d | 3d |
| Days inventory outstanding | 3d | 3d | 3d | 4d | 3d | 2d |
| Days payable outstanding | 50d | 55d | 54d | 50d | 43d | 42d |
| Cash conversion cycle | -44d | -47d | -46d | -38d | -35d | -37d |
| Valuation | ||||||
| P / E | - | - | - | - | - | 121.4x |
| P / B | - | - | - | - | - | - |
| P / S | 1.0x | 0.5x | 0.6x | 0.3x | 1.4x | 1.6x |
| EV / EBITDA | 45.4x | - | - | - | 92.6x | 35.5x |
| Growth | ||||||
| Revenue growth (YoY) | 5.1% | -1.3% | -1.8% | -10.9% | -3.1% | 55.0% |
| Revenue CAGR (3y) | 0.6% | -4.7% | -5.3% | 10.2% | 59.5% | 44.2% |
| Revenue CAGR (5y) | -2.5% | 5.4% | 28.8% | 20.9% | 32.3% | 44.4% |
| Gross profit growth (YoY) | 5.3% | -2.5% | 7.3% | -12.3% | -5.3% | 91.5% |
| Operating income growth (YoY) | - | 43.3% | 41.3% | -1372.3% | - | - |
| Net income growth (YoY) | 36.4% | 33.3% | 44.6% | -916.0% | - | - |
| EPS growth (YoY) | 39.2% | 38.0% | 48.4% | -895.2% | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 90.2% | 21.4% | - | - | -74.9% | - |
| FCF CAGR (5y) | -17.7% | - | - | - | - | 68.5% |
| Book value growth (YoY) | -1.0% | -1.8% | -6.2% | -57.5% | -35.8% | -26.2% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Business segments
$12.46B totalUSSegment$10.97B · 88.1%
International Segment$1.48B · 11.9%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
2.23
Grey zone
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
6/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✗No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Retail-Catalog & Mail-Order Houses
Comparing Wayfair Inc. against the 5 most active filers in the same SIC group.