Also trades as: 0IIW.L (LSE) · $vol 0M · 3E2.DE (XETRA) · $vol 0M · 3E2.BE (BER) · $vol 0M · 3E2.F (FSX) · $vol 0M

$87.66

+2.23 (+2.61%)

After Hours: $87.12 (-0.54, -0.62%)

Weekly Expected Move ±6.7%

$75 $81 $87 $93 $99

NYSE · Consumer Cyclical · Specialty Retail · Tech Score Buy · Power 74 · $7.8B mcap · 91M float · 3.37% daily turnover · Short 67% of daily vol

Credit Risk of going bust: higher than 64% of companies Debt: 28.2% of company value Bonds: $324.1M held by 68 funds → details ▾

Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $3.62 (down 96%), Etsy, Inc. would be worth roughly what it owes.
Total debt $3.08B against a stock market value of $7.84B.
Distance to default 3.90 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $1.82B (short-term plus half of long-term), stock volatility 50.7%; Altman Z'' -1.15. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.

Edge Score

Quantitative competitive moat analysis scoring five pillars of durable advantage — cost leadership, brand intangibles, switching costs, network effects, and efficient scale — using industry percentile rankings on a 0–100 scale.

NARROW EDGE

60.1 / 100

NoneWeakNarrowWide

Primary source: Intangible Assets · ROIC: 67.3%

Cost Advantage

Intangibles

Switching Cost

Network Effect

Scale

The Edge Score quantifies a company's competitive moat using five pillars: Cost Advantage (20%, operating margin and SG&A efficiency vs industry peers), Intangible Assets (25%, gross margin premium, R&D intensity, brand pricing power), Switching Costs (25%, revenue stability, earnings consistency, customer retention proxied by operating leverage), Network Effects (15%, revenue growth with expanding margins, market share dominance), and Efficient Scale (15%, market concentration, ROIC sustainability). Each pillar is scored 0–100 using industry percentile rankings, then weighted into a composite. Wide ≥ 70, Narrow ≥ 55, Weak ≥ 40, None < 40. ETSY has a Narrow competitive edge (60.1/100) — meaningful but not impregnable advantages over competitors. The primary source of advantage is Intangible Assets. ROIC of 67.3% confirms the company is generating returns well above its cost of capital — a hallmark of durable competitive advantages.

Analyst Insights

Wall Street analyst consensus based on price targets and buy/sell/hold recommendations from institutional research coverage over the trailing 12 months.

Analyst Price Targets

$73

Low

$90

Avg Target

$105

High

Based on 12 analysts since Aug 5, 2026 earnings

Analyst Recommendations

Strong Buy: 0Buy: 24Hold: 18Sell: 3Strong Sell: 0

Rating Summary

ConsensusBuy

Avg Target$89.83

Analysts12

Consensus Change History

Date	Field	From	To
2026-02-20	consensus	Hold	Buy

Price Target Change History

Date	Firm	Analyst	Old	New	Change	Upside @ Call	Stock@Call
2026-09-24	Arete Research	—	$76	$81	+5	+9.9%	$73.70
2026-09-18	BTIG	Marvin Fong	$74	$90	+16	+24.4%	$72.34
2026-09-15	Oppenheimer	Jason Helfstein	$75	$90	+15	+20.9%	$74.46
2026-08-20	Loop Capital Markets	—	$50	$105	+55	+30.5%	$80.46
2026-08-17	Goldman Sachs	Eric Sheridan	$57	$89	+32	+11.4%	$79.90
2026-08-07	Morgan Stanley	Nathan Feather	$64	$73	+9	-14.5%	$85.37
2026-08-07	Needham	—	$76	$100	+24	+17.3%	$85.23
2026-08-07	UBS	—	$74	$86	+12	+0.8%	$85.31
2026-08-07	Guggenheim	—	$85	$95	+10	+15.5%	$82.26
2026-08-07	Barclays	—	$72	$94	+22	+14.3%	$82.26
2026-08-06	Canaccord Genuity	Maria Ripps	$72	$92	+20	+11.8%	$82.26
2026-08-06	Evercore ISI	—	$72	$83	+11	-0.3%	$83.25
2026-07-22	Truist Financial	—	$83	$90	+7	+9.6%	$82.11
2026-07-21	Raymond James	—	$75	$92	+17	+9.5%	$84.03
2026-07-20	Cantor Fitzgerald	Deepak Mathivanan	$59	$80	+21	-6.6%	$85.67
2026-05-21	Argus Research	Christopher Graja	Initiated	$67	—	+10.0%	$60.89
2026-05-20	Arete Research	—	Initiated	$76	—	+31.9%	$57.61
2026-04-30	Deutsche Bank	Kunal Madhukar	$72	$75	+3	+16.3%	$64.50
2026-04-30	Bernstein	—	Initiated	$65	—	-6.6%	$69.60
2026-04-30	UBS	Stephen Ju	$72	$74	+2	+6.3%	$69.60
2026-04-30	Guggenheim	—	$80	$85	+5	+22.1%	$69.60
2026-04-29	Morgan Stanley	Nathan Feather	$60	$64	+4	-8.0%	$69.60
2026-04-29	Evercore ISI	Robert Coolbrith	$73	$72	-1	+3.0%	$69.91
2026-04-28	UBS	Stephen Ju	$53	$72	+19	+10.6%	$65.11
2026-04-23	Raymond James	Rick Patel	$80	$75	-5	+13.5%	$66.06
2026-04-21	Cantor Fitzgerald	—	$51	$59	+8	-8.9%	$64.78
2026-02-20	Morgan Stanley	—	$65	$60	-5	+16.9%	$51.34
2026-02-20	Truist Financial	Youssef Squali	$80	$83	+3	+61.1%	$51.51
2026-02-20	Cantor Fitzgerald	—	$55	$51	-4	+5.9%	$48.14
2026-02-20	Stifel Nicolaus	—	$62	$55	-7	+14.3%	$48.14
2026-02-20	Canaccord Genuity	—	$80	$72	-8	+49.6%	$48.14
2026-02-20	UBS	Stephen Ju	$75	$53	-22	+10.1%	$48.14
2026-02-19	Barclays	—	$62	$72	+10	+49.6%	$48.14
2026-01-27	Stifel Nicolaus	Mark Kelley	$65	$62	-3	+3.2%	$60.09
2026-01-08	Cantor Fitzgerald	Deepak Mathivanan	$64	$55	-9	-10.9%	$61.76
2025-12-30	BTIG	—	$81	$74	-7	+30.8%	$56.59
2025-12-19	Wedbush	—	$65	$66	+1	+20.3%	$54.87
2025-12-11	Jefferies	John Colantuoni	$70	$60	-10	+11.5%	$53.81
2025-10-30	Cantor Fitzgerald	Deepak Mathivanan	$46	$64	+18	+2.0%	$62.72
2025-10-30	Goldman Sachs	—	$47	$57	+10	-12.6%	$65.21
2025-10-30	Canaccord Genuity	Maria Ripps	$76	$80	+4	+22.7%	$65.21
2025-10-30	Barclays	—	$60	$62	+2	-4.9%	$65.21
2025-10-30	Needham	Bernie McTernan	$60	$76	+16	+16.5%	$65.21
2025-10-29	Evercore ISI	—	$80	$73	-7	+11.9%	$65.21
2025-10-29	Morgan Stanley	Nathan Feather	$61	$65	+4	-0.3%	$65.21
2025-10-29	Truist Financial	Youssef Squali	$76	$80	+4	+19.1%	$67.17
2025-10-23	Deutsche Bank	Lee Horowitz	$40	$72	+32	-1.7%	$73.25
2025-10-21	Raymond James	—	$155	$80	-75	+12.1%	$71.34
2025-10-20	Morgan Stanley	Nathan Feather	$54	$61	+7	-15.8%	$72.43
2025-10-20	UBS	—	$67	$75	+8	+6.4%	$70.46

Financial Rating

Composite financial health rating (A+ to F) based on discounted cash flow valuation, return on equity, return on assets, debt-to-equity leverage, and relative P/E and P/B multiples.

C+

Oct 27, 2026

DCF

ROE

ROA

D/E

P/E

P/B

The Financial Rating evaluates six fundamental factors — discounted cash flow (DCF) valuation, return on equity (ROE), return on assets (ROA), debt-to-equity leverage (D/E), and relative price-to-earnings (P/E) and price-to-book (P/B) multiples — each scored 1–5. ETSY receives an overall rating of C+. Strongest factors: ROA (5/5). Areas of concern: ROE (1/5), D/E (1/5), P/E (2/5), P/B (1/5).

Rating Change History

Date	From	To
2026-08-06	B-	C+
2026-04-29	C+	B-
2026-04-16	B-	C+
2026-04-10	C+	B-
2026-04-08	B-	C+
2026-04-06	C+	B-
2026-04-01	C	C+
2026-03-04	C+	C
2026-02-23	B-	C+
2026-02-19	B	B-

InsiderStreet Scorecard

Proprietary multi-factor scorecard rating companies across seven fundamental dimensions — profitability, balance sheet strength, earnings quality, growth, value, momentum, and safety — each scored 0–100.

★ ★ ★ ★ ★ 57 Grade B

Profitability

Balance Sheet

Earnings Quality

Growth

Value

Momentum

Safety

Cash Flow

The InsiderStreet Scorecard rates companies across eight dimensions: Profitability (margins, ROA, ROE), Balance Sheet (leverage, liquidity, coverage), Earnings Quality (accruals, cash conversion), Growth (revenue and earnings trajectory), Value (P/E, P/B, earnings yield, Graham criteria), Momentum (revenue and earnings acceleration), Safety (Altman Z-Score risk adjustment), and Cash Flow (operating cash flow quality, FCF conversion, cash coverage). The overall score blends 35% quality, 35% value, and 30% momentum, with a penalty for distress-zone Altman scores. ETSY scores highest in Momentum (85/100) and lowest in Value (27/100). A grade of B indicates above-average fundamentals with room for improvement in select areas.

Risk & Quality Signals

Academic financial models used by institutional investors to assess bankruptcy risk, earnings manipulation, financial strength, and credit quality.

Altman Z-Score

1.94

Grey Zone

Piotroski F-Score

7/9

✓ ✓ ✓ ✓ ✗ ✗ ✓ ✓ ✓

Beneish M-Score

-3.17

Unlikely Manipulator

Ohlson O-Score

-3.24

Bankruptcy prob: 3.8%

Low Risk

Credit Rating

BBB

Score: 59.6/100

Trend: Deteriorating

Earnings Quality

75/100

OCF/NI: 3.14x

Accruals: -17.9%

The Altman Z-Score (1968) combines five ratios — working capital, retained earnings, EBIT, market value of equity, and sales, all relative to total assets or liabilities — into a single bankruptcy predictor. ETSY scores 1.94, placing it in the Grey Zone (safe > 2.99, distress < 1.81). Financial distress is possible and warrants monitoring. The Piotroski F-Score (2000) is a 9-point binary checklist — four profitability tests (positive ROA, positive cash flow, improving ROA, cash flow exceeding net income), three leverage tests (declining debt ratio, improving current ratio, no share dilution), and two efficiency tests (improving gross margin, improving asset turnover). Each pass scores 1 point. ETSY scores 7/9, signaling strong financial health across all three dimensions. The Beneish M-Score (1999) is an 8-variable model that detects earnings manipulation by comparing year-over-year changes in receivables, gross margins, asset quality, sales growth, depreciation, SG&A, leverage, and accruals. Scores above −1.78 statistically resemble past manipulators. ETSY's score of -3.17 falls below this threshold, suggesting earnings are unlikely to be manipulated. The Ohlson O-Score (1980) is a 9-variable logistic regression that estimates bankruptcy probability using firm size, leverage, working capital, current ratio, profitability (ROA), cash flow coverage, negative equity flag, consecutive losses flag, and earnings trajectory. The raw score is converted to a probability via logistic transformation. ETSY's implied 3.8% bankruptcy probability is well within safe territory. Our Credit Rating model scores companies on five weighted components — solvency (30%), earning power (25%), leverage (20%), liquidity (15%), and cash flow quality (10%) — then blends the absolute score with sector and industry peer rankings. For companies with large buyback programs, equity is adjusted by adding back cumulative 5-year repurchases (capped at 80% of FCF generated) to avoid penalizing shareholder-friendly capital allocation. ETSY receives an estimated rating of BBB (score: 59.6/100), with a deteriorating trend. The Earnings Quality score measures how well reported earnings are backed by real cash. It evaluates the operating cash flow to net income ratio (OCF/NI ≥ 1.0 means every dollar of earnings is cash-backed) and the accruals ratio (the gap between earnings and cash flow relative to assets — lower is better). ETSY's score of 75/100 is high — cash flows strongly support reported earnings.

Valuation

Key valuation multiples comparing the stock's market price to its earnings, revenue, book value, and cash flows. Lower multiples may indicate relative undervaluation versus peers.

P/E

40.99x

PEG

0.93x

P/S

2.79x

P/B

-5.88x

P/FCF

14.65x

P/OCF

13.75x

EV/EBITDA

19.66x

EV/Revenue

3.84x

EV/EBIT

22.93x

EV/FCF

17.82x

Earnings Yield

2.32%

FCF Yield

6.82%

Shareholder Yield

8.78%

Graham Number

—

Equity-based multiples (P/E, P/B, P/FCF) compare the stock price to per-share fundamentals and are affected by capital structure. Enterprise value multiples (EV/EBITDA, EV/Revenue, EV/FCF) strip out debt and cash, making them more useful for cross-company comparisons regardless of how companies are financed. The Graham Number — √(22.5 × EPS × Book Value) — is Benjamin Graham's formula for the maximum price a defensive investor should pay. At 41.0x earnings, ETSY is priced for high growth expectations.

DuPont Decomposition (5-Factor)

The 5-factor DuPont framework breaks Return on Equity into its component drivers — tax efficiency, interest burden, operating profitability, asset utilization, and financial leverage — to reveal what truly drives shareholder returns.

Tax Burden

0.425

NI / EBT

Interest Burden

1.029

EBT / EBIT

EBIT Margin

0.168

EBIT / Rev

Asset Turnover

1.145

Rev / Assets

Equity Multiplier

-1.983

Assets / Equity

ROE

-16.6%

The 5-factor DuPont identity decomposes ROE as: Tax Burden × Interest Burden × EBIT Margin × Asset Turnover × Equity Multiplier = ROE. This reveals whether returns are driven by operating performance, financial leverage, or tax efficiency — three very different sources of profitability. ETSY's ROE of -16.6% is driven by Asset Turnover (1.145), indicating efficient use of assets to generate revenue. A tax burden ratio of 0.42 suggests the company retains less than 60% of pre-tax earnings after taxes.

Graham-Dodd Adjusted Valuation

Our adaptation of Graham's growth formula (Fair P/E = 8.5 + 2g) from The Intelligent Investor. The classic version relies on analyst growth projections, which can be unreliable. This adjusted model substitutes the company's realized 3-year EPS CAGR — a backward-looking, verifiable measure of actual earnings power — grounding the valuation in demonstrated performance rather than forecasts.

Two adjustments we make, and why. Growth is capped at 15%. Graham defined g as expected growth over the next seven to ten years, not last year's rate. Across US companies since 1994 the median realized 7-year EPS growth is 5–8% regardless of how fast a company grew beforehand, and of 4,457 company-quarters that grew faster than 200%, none sustained it. Uncapped, the formula assigned fair multiples in the hundreds to companies that had never held that rate — and scored worse than simply reading the P/E. Capped, it carries real information. The verdict has three states, not two. Tested over 377,249 stock-months, this ratio only separates outcomes at its extremes: below 0.25 beat the universe by 1.3 points a year, above 3.0 lagged by 2.7, and everything in between sat inside a one-point band. Rather than call two-thirds of the market "undervalued" on a threshold of 1.0, we say Neutral where the model cannot tell — which is most of the time.

Adj. Growth Rate

15.00%

Fair P/E

38.50x

Intrinsic Value

$67.23

Price/Value

1.12x

Margin of Safety

-12.04%

Premium

12.04%

Assessment

Neutral

Graham's classic formula uses analyst-projected growth to estimate a fair P/E (8.5 + 2g). Our adjusted version replaces that projection with ETSY's realized 15.0% 3-year EPS CAGR, capped at 15% — demonstrated performance rather than forecasts, held to a rate companies have historically sustained. ETSY trades at a 12% premium to its adjusted intrinsic value of $67.23, suggesting the market is pricing in future growth beyond what historical earnings support. The adjusted fair P/E of 38.5x compares to the current market P/E of 41.0x.

Profitability Trends

Historical profitability ratios tracking how efficiently the company converts revenue into returns for shareholders over time.

Leverage & Solvency Trends

Debt and liquidity metrics showing the company's financial leverage and ability to meet short-term and long-term obligations.

Efficiency & Working Capital Trends

Operating efficiency metrics measuring how quickly the company converts inventory to sales, collects receivables, and manages its cash conversion cycle.

Growth Trends (YoY %)

Year-over-year growth rates for key financial metrics, showing the trajectory of revenue, earnings, and cash flow generation.

Earnings Stability

R-squared of linear regression measuring how predictably revenue, earnings, and margins follow a trend over the trailing 5 years. 1.0 = perfectly predictable; lower values indicate erratic or cyclical behavior.

Monte Carlo Price Simulation

Geometric Brownian Motion with 1,000 antithetic paths over 1 year, seeded from 1800 days of historical volatility. Percentile bands show the range of statistically plausible outcomes — this is a statistical model, not a forecast.

Current Price

$87.52

Median 1Y

$79.13

5th Pctile

$30.09

95th Pctile

$208.78

Ann. Volatility

57.9%

Analyst Target

$89.83

25th–75th percentile 5th–95th percentile Median path Historical Analyst target

Executive Compensation

C-suite compensation breakdown including salary, stock awards, options, and incentive pay. The CEO-to-employee pay ratio and Gini coefficient measure pay distribution fairness.

C-Suite Compensation

Executive	Salary	Stock	Total
Josh Silverman Chief Executive Officer	$690,137	$15,814,539	$18,072,322
Rafe Colburn Product roduct and Technology Officer	$436,363	$9,653,493	$10,891,693
Kruti Patel Goyal President and Chief Growth Officer	$540,000	$7,543,022	$9,789,037
Lanny Baker Financial ancial Officer	$525,000	$7,851,478	$8,979,647
Colin Stretch Legal Legal Officer and Corporate Secretary	$486,301	$4,950,110	$5,863,731

CEO Pay Ratio

34:1

CEO-to-Employee Pay Ratio

CEO Total Comp: $18,072,322

Avg Employee Cost (SGA/emp): $525,304

Employees: 2,375

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Workforce efficiency metrics measuring revenue, profit, and R&D spend per employee — key indicators of operational leverage and human capital productivity.

Employees

2,375

-1.0% YoY

Revenue / Employee

$1,214,106

Rev: $2,883,501,000

Profit / Employee

$68,624

NI: $162,982,000

SGA / Employee

$525,304

Avg labor cost proxy

R&D / Employee

$189,555

Innovation spend

Scaling Efficiency

All Ratios & Metrics

Complete fundamental data with up to 20 periods of history, sparkline trends, and current values across 13 categories and 130+ financial metrics.

Profitability

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
ROE	80.1%	72.0%	64.1%	73.9%	17.7%	-17.1%	-10.3%	-12.2%	-54.3%	-56.4%	-52.7%	-52.2%	-41.2%	-46.6%	-25.2%	-18.6%	-21.0%	-17.6%	-27.8%	-16.6%	-16.63%
ROA	16.8%	15.8%	14.0%	11.9%	-21.6%	-21.5%	-22.6%	-23.2%	13.6%	11.6%	11.8%	11.4%	10.5%	11.9%	8.1%	6.6%	7.2%	6.2%	11.9%	8.4%	8.39%
ROIC	23.8%	24.0%	20.9%	20.7%	-69.8%	-77.5%	-64.8%	-68.9%	41.2%	42.3%	36.0%	35.7%	35.6%	47.6%	30.1%	33.4%	40.6%	-8.9%	62.2%	67.3%	67.29%
ROCE	16.1%	14.7%	12.4%	12.3%	20.2%	-32.3%	-32.7%	-32.0%	-34.9%	15.5%	15.4%	16.6%	16.5%	24.9%	28.0%	20.3%	20.7%	25.6%	29.7%	41.0%	41.01%
Gross Margin	71.1%	70.9%	70.1%	70.7%	70.7%	72.0%	69.5%	70.0%	70.3%	69.6%	71.0%	71.6%	72.0%	74.5%	70.5%	71.2%	71.3%	73.1%	72.2%	72.4%	72.43%
Operating Margin	15.7%	19.8%	14.6%	12.4%	-1.6%	17.3%	12.2%	-0.4%	13.9%	13.7%	10.5%	10.8%	13.1%	18.2%	-3.4%	11.4%	12.2%	14.7%	19.0%	18.7%	18.74%
Net Margin	16.9%	22.5%	14.9%	12.5%	-1.6%	13.6%	11.6%	9.8%	13.8%	9.9%	9.8%	8.2%	8.7%	15.2%	-8.0%	4.3%	11.1%	12.6%	11.0%	-6.9%	-6.95%
EBITDA Margin	20.1%	24.1%	18.8%	16.7%	19.2%	-1.1%	15.8%	14.1%	17.4%	11.6%	14.7%	16.9%	17.3%	26.5%	16.4%	11.9%	18.0%	19.0%	22.9%	18.7%	18.73%
FCF Margin	26.2%	26.8%	22.4%	22.0%	25.8%	26.0%	25.3%	25.2%	25.4%	24.2%	24.6%	24.9%	25.4%	26.1%	25.5%	23.9%	23.0%	22.9%	23.9%	21.6%	21.57%
OCF Margin	27.1%	28.0%	23.9%	23.5%	27.6%	26.6%	25.9%	25.8%	25.9%	25.7%	26.1%	26.5%	26.2%	26.8%	26.0%	24.3%	24.2%	24.0%	25.3%	23.0%	22.99%
ROA 3Y Avg	snapshot only																				8.91%
ROIC 3Y Avg	snapshot only																				41.76%
ROIC Economic	snapshot only																				23.15%
Cash ROA	snapshot only																				26.95%
Cash ROIC	snapshot only																				1.18%
CROIC	snapshot only																				1.10%
NOPAT Margin	snapshot only																				13.14%
Pretax Margin	snapshot only																				17.24%
R&D / Revenue	snapshot only																				14.96%
SGA / Revenue	snapshot only																				41.34%
SBC / Revenue	snapshot only																				9.84%

Valuation

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
P/E Ratio	63.80	65.50	41.82	25.97	-19.70	-24.84	-22.55	-16.64	26.87	35.98	31.42	27.34	28.29	22.97	26.85	37.16	45.54	42.02	21.24	43.14	40.988
P/S Ratio	13.75	13.88	7.73	4.42	5.11	6.72	6.06	4.47	3.31	4.03	3.38	2.83	2.59	2.48	1.80	2.15	2.91	2.38	2.11	3.16	2.789
P/B Ratio	57.45	51.42	26.93	18.35	-20.87	-31.51	-29.46	-25.70	-14.41	-20.36	-15.93	-12.36	-11.63	-9.18	-5.55	-5.42	-7.46	-6.24	-5.32	-6.48	-5.877
P/FCF	52.45	51.85	34.46	20.11	19.78	25.86	23.97	17.69	13.00	16.63	13.73	11.37	10.23	9.52	7.03	8.98	12.63	10.37	8.83	14.65	14.654
P/OCF	50.69	49.61	32.40	18.82	18.54	25.23	23.42	17.29	12.77	15.69	12.94	10.70	9.91	9.26	6.90	8.84	12.00	9.88	8.34	13.75	13.746
EV/EBITDA	58.41	61.81	39.99	24.76	28.34	-33.50	-30.90	-23.33	-18.17	30.91	27.17	22.39	20.66	15.26	11.81	14.71	18.44	12.54	14.97	19.66	19.658
EV/Revenue	14.43	14.48	8.33	4.99	5.65	7.20	6.57	4.96	3.83	4.48	3.87	3.33	3.07	2.96	2.34	2.73	3.46	2.07	2.69	3.84	3.844
EV/EBIT	65.88	71.54	48.47	31.01	35.44	-28.50	-26.40	-20.04	-15.67	40.10	35.87	29.48	27.60	19.03	14.66	18.45	22.85	15.95	18.14	22.93	22.927
EV/FCF	55.03	54.10	37.12	22.72	21.88	27.68	26.00	19.64	15.05	18.49	15.71	13.39	12.12	11.36	9.15	11.43	15.02	9.05	11.24	17.82	17.822
Earnings Yield	1.6%	1.5%	2.4%	3.9%	-5.1%	-4.0%	-4.4%	-6.0%	3.7%	2.8%	3.2%	3.7%	3.5%	4.4%	3.7%	2.7%	2.2%	2.4%	4.7%	2.3%	2.32%
FCF Yield	1.9%	1.9%	2.9%	5.0%	5.1%	3.9%	4.2%	5.7%	7.7%	6.0%	7.3%	8.8%	9.8%	10.5%	14.2%	11.1%	7.9%	9.6%	11.3%	6.8%	6.82%
PEG Ratio	snapshot only																				0.927
EV/OCF	snapshot only																				16.718
EV/Gross Profit	snapshot only																				5.317
Acquirers Multiple	snapshot only																				24.037
Shareholder Yield	snapshot only																				8.78%

Leverage & Solvency

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Current Ratio	2.29	2.18	2.68	2.93	2.72	2.40	2.69	2.81	2.45	2.21	2.49	2.41	2.39	2.00	2.14	3.39	3.17	1.44	1.69	1.48	1.476
Quick Ratio	2.29	2.18	2.68	2.93	2.72	2.40	2.69	2.81	2.45	2.21	2.49	2.41	2.39	2.00	2.14	3.39	3.17	1.44	1.69	1.48	1.476
Debt/Equity	4.35	3.80	3.53	4.11	-3.94	-4.37	-4.42	-5.15	-3.84	-4.39	-4.09	-3.76	-3.83	-3.15	-2.62	-2.73	-2.76	-0.68	-2.71	-2.20	-2.205
Net Debt/Equity	2.82	2.23	2.08	2.38	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Debt/Assets	0.66	0.62	0.64	0.66	0.98	0.91	0.96	0.93	0.98	0.89	0.96	0.98	0.98	0.99	1.13	1.20	1.16	0.26	1.15	1.26	1.261
Debt/EBITDA	4.22	4.38	4.86	4.91	4.84	-4.34	-4.28	-4.21	-4.18	6.00	6.10	5.79	5.73	4.38	4.29	5.83	5.75	1.56	5.98	5.50	5.502
Net Debt/EBITDA	2.73	2.57	2.86	2.84	2.73	-2.21	-2.42	-2.31	-2.47	3.11	3.43	3.37	3.23	2.47	2.73	3.15	2.93	-1.84	3.21	3.49	3.494
Interest Coverage	27.48	47.69	49.40	61.50	111.62	—	—	—	—	—	—	90.57	90.07	126.22	129.48	111.48	45.63	24.79	28.09	28.26	28.261
Equity Multiplier	6.56	6.10	5.53	6.21	-4.04	-4.81	-4.63	-5.53	-3.93	-4.94	-4.28	-3.86	-3.91	-3.19	-2.33	-2.27	-2.38	-2.57	-2.36	-1.75	-1.748
Cash Ratio	snapshot only																				0.883
Debt Service Coverage	snapshot only																				32.960
Cash to Debt	snapshot only																				0.365
FCF to Debt	snapshot only																				0.200
Defensive Interval	snapshot only																				300.4 days

Efficiency & Turnover

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Asset Turnover	0.78	0.75	0.76	0.70	0.83	0.79	0.84	0.87	1.11	1.03	1.10	1.11	1.14	1.10	1.22	1.13	1.12	1.10	1.19	1.14	1.145
Inventory Turnover	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Receivables Turnover	13.88	11.17	12.00	13.51	12.11	10.08	11.93	12.02	11.83	9.96	11.36	11.23	13.24	11.50	21.23	14.30	16.00	14.00	28.14	36.72	36.720
Payables Turnover	3.77	4.53	3.59	3.91	3.70	2.91	3.57	3.61	3.56	5.66	3.48	3.34	3.79	6.31	3.63	3.86	4.32	3.64	4.21	8.99	8.991
DSO	26	33	30	27	30	36	31	30	31	37	32	32	28	32	17	26	23	26	13	10	9.9 days
DIO	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0.0 days
DPO	97	81	102	93	99	125	102	101	102	64	105	109	96	58	100	94	85	100	87	41	40.6 days
Cash Conversion Cycle	-71	-48	-71	-66	-69	-89	-72	-71	-72	-28	-73	-77	-69	-26	-83	-69	-62	-74	-74	-31	-30.7 days
Fixed Asset Turnover	snapshot only																				14.277
Cash Velocity	snapshot only																				2.548
Capital Intensity	snapshot only																				0.853

Growth (YoY)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue	61.7%	35.0%	15.1%	12.4%	11.1%	10.2%	11.5%	10.7%	9.6%	7.1%	4.8%	3.8%	3.1%	2.2%	2.2%	2.4%	2.0%	2.7%	1.8%	0.7%	0.73%
Net Income	1.1%	41.3%	-9.3%	-14.8%	-2.3%	-2.4%	-2.6%	-2.7%	1.5%	1.4%	1.4%	1.4%	-23.1%	-1.4%	-36.4%	-42.9%	-29.0%	-46.3%	51.3%	27.7%	27.72%
EPS	93.3%	35.1%	-10.5%	-15.3%	-2.6%	-2.4%	-2.7%	-2.8%	1.5%	1.5%	1.4%	1.4%	-18.3%	2.2%	-19.7%	-37.4%	-25.7%	-42.7%	33.9%	29.4%	29.38%
FCF	15.4%	-7.2%	-32.9%	-22.6%	9.5%	7.0%	25.5%	27.2%	7.8%	-0.2%	2.0%	2.4%	2.9%	9.9%	6.0%	-1.6%	-7.5%	-9.8%	-4.6%	-9.2%	-9.17%
EBITDA	63.8%	17.1%	-17.5%	-13.2%	-10.3%	-2.0%	-2.1%	-2.2%	-2.2%	1.7%	1.7%	1.7%	1.7%	36.9%	42.1%	27.8%	28.5%	-12.6%	-7.6%	6.0%	5.99%
Op. Income	68.5%	9.8%	-27.3%	-26.3%	-2.4%	-2.4%	-2.7%	-2.9%	1.5%	1.4%	1.4%	1.5%	12.1%	35.9%	7.4%	-13.5%	-14.3%	-30.0%	40.9%	54.4%	54.44%
OCF Growth	snapshot only																				-4.68%
Asset Growth	snapshot only																				-4.61%
Debt Growth	snapshot only																				0.01%
Shares Change	snapshot only																				-1.28%

Growth (CAGR)

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue 3Y	60.4%	56.8%	53.5%	51.0%	49.0%	46.4%	44.2%	33.4%	25.3%	16.8%	10.4%	8.9%	7.9%	6.4%	6.1%	5.5%	4.9%	4.0%	2.9%	2.3%	2.29%
Revenue 5Y	45.4%	44.9%	44.1%	43.5%	42.9%	42.2%	41.4%	40.0%	38.1%	35.4%	33.4%	31.7%	30.2%	28.0%	26.3%	20.3%	15.7%	10.8%	6.9%	5.9%	5.88%
EPS 3Y	73.2%	77.2%	59.1%	49.2%	—	—	—	—	12.5%	-3.1%	-13.0%	-13.5%	-15.6%	-11.7%	-16.1%	-21.8%	—	—	—	—	—
EPS 5Y	—	—	—	—	—	—	—	—	30.8%	30.3%	24.3%	20.5%	18.5%	24.3%	23.0%	3.2%	-2.9%	-11.8%	-6.7%	-12.1%	-12.11%
Net Income 3Y	81.0%	85.4%	65.5%	54.7%	—	—	—	—	12.9%	-4.1%	-14.9%	-15.9%	-18.9%	-15.0%	-24.4%	-26.4%	—	—	—	—	—
Net Income 5Y	—	—	—	—	—	—	—	—	32.7%	31.7%	25.2%	20.9%	19.4%	25.9%	19.6%	1.1%	-4.7%	-14.1%	-9.9%	-15.4%	-15.36%
EBITDA 3Y	79.5%	73.8%	56.9%	51.1%	51.6%	—	—	—	—	-5.1%	-13.0%	-9.7%	-8.9%	-0.0%	4.3%	2.7%	2.7%	—	—	—	—
EBITDA 5Y	67.9%	82.6%	1.0%	84.8%	69.3%	—	—	—	—	30.8%	25.2%	24.0%	24.1%	28.9%	31.5%	16.4%	9.7%	0.4%	-2.9%	-0.0%	-0.05%
Gross Profit 3Y	65.2%	59.5%	54.9%	52.1%	50.7%	49.3%	47.8%	34.8%	25.3%	15.0%	8.3%	7.3%	6.7%	6.7%	6.7%	6.3%	5.6%	4.3%	3.5%	3.1%	3.08%
Gross Profit 5Y	48.5%	47.3%	46.3%	45.7%	45.1%	44.4%	43.3%	41.8%	39.5%	36.0%	33.8%	32.1%	31.2%	30.0%	28.7%	21.6%	16.1%	10.4%	6.2%	5.4%	5.45%
Op. Income 3Y	96.8%	84.0%	62.8%	57.6%	—	—	—	—	1.8%	-12.9%	-21.1%	-13.0%	-11.1%	-6.5%	-10.1%	-8.2%	—	—	—	—	—
Op. Income 5Y	84.7%	92.6%	1.2%	—	—	—	—	—	36.7%	30.2%	23.8%	28.5%	29.6%	33.8%	28.6%	10.0%	0.3%	-8.9%	-5.8%	-2.5%	-2.51%
FCF 3Y	71.0%	51.8%	42.5%	40.0%	44.6%	51.5%	51.2%	22.5%	10.8%	-0.3%	-4.9%	0.2%	6.7%	5.5%	10.7%	8.6%	0.9%	-0.3%	1.0%	-2.9%	-2.94%
FCF 5Y	—	—	1.4%	98.7%	80.1%	65.2%	52.4%	44.5%	42.6%	30.1%	30.0%	29.0%	27.4%	30.7%	30.2%	13.1%	5.3%	-0.3%	-2.8%	-2.1%	-2.08%
OCF 3Y	66.0%	48.5%	40.2%	38.4%	43.7%	48.9%	49.1%	22.5%	11.0%	1.3%	-3.4%	1.6%	6.6%	4.9%	9.2%	6.8%	0.4%	0.5%	2.2%	-1.6%	-1.61%
OCF 5Y	73.5%	69.4%	63.4%	67.4%	68.1%	58.9%	49.7%	42.3%	39.6%	28.8%	28.7%	28.0%	26.1%	29.5%	29.0%	12.9%	6.1%	0.4%	-1.9%	-1.2%	-1.22%
Assets 3Y	56.9%	62.0%	56.3%	52.3%	17.8%	19.5%	18.1%	13.4%	3.4%	3.8%	0.0%	-9.4%	-11.3%	-14.2%	-17.3%	-10.8%	2.7%	2.4%	2.4%	-1.7%	-1.71%
Assets 5Y	43.8%	45.8%	47.8%	45.4%	33.7%	34.2%	23.5%	24.3%	22.0%	24.4%	20.5%	19.1%	10.3%	9.4%	6.9%	7.7%	3.7%	3.3%	1.4%	-5.8%	-5.81%
Equity 3Y	10.6%	16.2%	17.2%	9.5%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Book Value 3Y	5.8%	11.1%	12.7%	5.7%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Dividend 3Y	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—

Growth Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Revenue Stability	0.81	0.84	0.84	0.89	0.92	0.94	0.92	0.95	0.96	0.95	0.91	0.89	0.88	0.85	0.84	0.84	0.85	0.86	0.87	0.86	0.860
Earnings Stability	0.84	0.85	0.77	0.83	0.08	0.10	0.11	0.12	0.01	0.02	0.03	0.05	0.00	0.00	0.02	0.04	0.00	0.00	0.01	0.02	0.018
Margin Stability	0.96	0.96	0.95	0.96	0.96	0.95	0.95	0.96	0.97	0.97	0.97	0.98	0.98	0.97	0.96	0.98	0.99	0.98	0.98	0.98	0.981
Rev. Growth Consistency	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.00	1.000
Earn. Growth Consistency	1.00	1.00	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.50	0.50	0.00	0.00	0.00	0.00	0.00	0.00	0.50	0.50	0.500
FCF Positive Streak	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1
Earnings Persistence	0.50	0.83	0.96	0.94	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.20	0.50	0.50	0.50	0.50	0.88	0.81	0.50	0.89	0.889
Earnings Smoothness	0.30	0.66	0.90	0.84	—	—	—	—	—	—	—	—	0.74	0.99	0.55	0.45	0.66	0.40	0.59	0.76	0.757
ROE Trend	0.59	0.43	0.20	0.10	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Gross Margin Trend	0.04	0.02	0.01	-0.00	-0.01	-0.01	-0.02	-0.02	-0.01	-0.02	-0.01	-0.00	0.00	0.02	0.02	0.02	0.01	0.01	0.01	0.01	0.009
FCF Margin Trend	-0.06	-0.04	-0.08	-0.10	-0.06	-0.07	-0.05	-0.02	-0.01	-0.02	0.01	0.01	-0.00	0.01	0.01	-0.01	-0.02	-0.02	-0.01	-0.03	-0.028
Sustainable Growth Rate	80.1%	72.0%	64.1%	73.9%	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Internal Growth Rate	20.2%	18.8%	16.2%	13.5%	—	—	—	—	15.8%	13.1%	13.4%	12.9%	11.7%	13.5%	8.9%	7.0%	7.7%	6.6%	13.5%	9.2%	9.15%

Cash Flow Quality

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
OCF/Net Income	1.26	1.32	1.29	1.38	-1.06	-0.98	-0.96	-0.96	2.10	2.29	2.43	2.56	2.85	2.48	3.89	4.21	3.79	4.25	2.55	3.14	3.138
FCF/OCF	0.97	0.96	0.94	0.94	0.94	0.98	0.98	0.98	0.98	0.94	0.94	0.94	0.97	0.97	0.98	0.98	0.95	0.95	0.95	0.94	0.938
FCF/Net Income	snapshot only																				2.944
OCF/EBITDA	snapshot only																				1.176
CapEx/Revenue	0.9%	1.2%	1.4%	1.5%	1.7%	0.6%	0.6%	0.6%	0.5%	1.5%	1.5%	1.6%	0.8%	0.7%	0.5%	0.4%	1.2%	1.2%	1.4%	1.4%	1.42%
CapEx/Depreciation	snapshot only																				0.511
Accruals Ratio	-0.04	-0.05	-0.04	-0.05	-0.45	-0.43	-0.44	-0.46	-0.15	-0.15	-0.17	-0.18	-0.19	-0.18	-0.24	-0.21	-0.20	-0.20	-0.18	-0.18	-0.179
Sloan Accruals	snapshot only																				-0.255
Cash Flow Adequacy	snapshot only																				16.144
Earnings Quality Score	snapshot only																				0.750

Dividends & Buybacks

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Dividend Yield	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Dividend/Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Payout Ratio	0.0%	0.0%	0.0%	0.0%	—	—	—	—	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
FCF Payout Ratio	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.00%
Total Payout Ratio	64.9%	61.4%	83.8%	60.3%	—	—	—	—	1.9%	1.9%	2.0%	2.4%	2.2%	2.4%	4.0%	5.7%	5.0%	4.8%	2.6%	3.8%	3.79%
Div. Increase Streak	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Chowder Number	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—
Buyback Yield	1.0%	0.9%	2.0%	2.3%	2.7%	2.5%	3.2%	4.1%	7.1%	5.2%	6.3%	8.9%	7.7%	10.4%	14.9%	15.4%	10.9%	11.3%	12.1%	8.8%	8.78%
Net Buyback Yield	1.0%	0.9%	2.0%	2.3%	2.7%	2.5%	3.2%	4.1%	7.1%	5.2%	6.3%	8.9%	7.7%	10.4%	14.9%	15.4%	10.9%	11.3%	12.0%	8.6%	8.61%
Total Shareholder Return	1.0%	0.9%	2.0%	2.3%	2.7%	2.5%	3.2%	4.1%	7.1%	5.2%	6.3%	8.9%	7.7%	10.4%	14.9%	15.4%	10.9%	11.3%	12.0%	8.6%	8.61%

DuPont Factors

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Tax Burden (NI/EBT)	1.00	1.05	1.09	1.06	1.00	1.05	1.06	0.98	1.07	1.05	1.02	0.79	0.75	0.74	0.63	0.61	0.63	0.66	0.70	0.42	0.425
Interest Burden (EBT/EBIT)	0.98	1.00	0.99	1.00	-1.63	1.02	1.02	1.11	-0.47	0.95	0.98	1.16	1.10	0.94	0.66	0.64	0.67	0.66	0.96	1.03	1.029
EBIT Margin	0.22	0.20	0.17	0.16	0.16	-0.25	-0.25	-0.25	-0.24	0.11	0.11	0.11	0.11	0.16	0.16	0.15	0.15	0.13	0.15	0.17	0.168
Asset Turnover	0.78	0.75	0.76	0.70	0.83	0.79	0.84	0.87	1.11	1.03	1.10	1.11	1.14	1.10	1.22	1.13	1.12	1.10	1.19	1.14	1.145
Equity Multiplier	4.76	4.55	4.59	6.20	-81.97	79.50	45.70	52.73	-3.99	-4.88	-4.45	-4.56	-3.92	-3.92	-3.09	-2.84	-2.93	-2.82	-2.35	-1.98	-1.983

Per Share

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
EPS (Diluted TTM)	$3.26	$3.34	$2.97	$2.82	$-5.08	$-4.82	$-4.94	$-5.09	$2.40	$2.25	$2.19	$2.16	$1.96	$2.30	$1.76	$1.35	$1.46	$1.32	$2.35	$1.75	$1.75
Book Value/Share	$3.62	$4.26	$4.61	$3.99	$-4.80	$-3.80	$-3.78	$-3.29	$-4.48	$-3.98	$-4.31	$-4.77	$-4.77	$-5.76	$-8.50	$-9.25	$-8.90	$-8.89	$-9.39	$-11.63	$-14.78
Tangible Book/Share	$-9.94	$-9.14	$-8.75	$-8.50	$-9.97	$-8.48	$-8.48	$-7.63	$-8.73	$-8.34	$-8.62	$-9.08	$-9.23	$-9.94	$-12.70	$-12.18	$-11.64	$-11.60	$-9.81	$-12.04	$-12.04
Revenue/Share	$15.12	$15.78	$16.07	$16.57	$19.60	$17.82	$18.38	$18.95	$19.54	$20.13	$20.35	$20.83	$21.40	$21.32	$26.27	$23.36	$22.84	$23.34	$23.66	$23.83	$30.30
FCF/Share	$3.96	$4.22	$3.61	$3.64	$5.06	$4.63	$4.64	$4.78	$4.97	$4.87	$5.01	$5.19	$5.43	$5.56	$6.71	$5.59	$5.26	$5.34	$5.66	$5.14	$6.54
OCF/Share	$4.10	$4.41	$3.84	$3.89	$5.40	$4.75	$4.75	$4.89	$5.06	$5.17	$5.31	$5.51	$5.60	$5.71	$6.84	$5.68	$5.53	$5.61	$5.99	$5.48	$6.97
Cash/Share	$5.54	$6.67	$6.70	$6.91	$8.24	$8.14	$7.27	$7.64	$7.03	$8.42	$7.71	$7.51	$7.99	$7.89	$8.10	$11.62	$12.07	$13.11	$11.78	$9.36	$11.89
EBITDA/Share	$3.73	$3.70	$3.35	$3.34	$3.91	$-3.83	$-3.91	$-4.03	$-4.11	$2.92	$2.89	$3.10	$3.19	$4.14	$5.20	$4.34	$4.28	$3.86	$4.25	$4.66	$4.66
Debt/Share	$15.75	$16.18	$16.28	$16.40	$18.91	$16.60	$16.71	$16.94	$17.20	$17.50	$17.65	$17.94	$18.27	$18.13	$22.29	$25.31	$24.61	$6.01	$25.41	$25.64	$25.64
Net Debt/Share	$10.21	$9.51	$9.58	$9.49	$10.67	$8.46	$9.44	$9.31	$10.17	$9.07	$9.94	$10.43	$10.27	$10.24	$14.19	$13.69	$12.54	$-7.10	$13.63	$16.28	$16.28

Academic Models

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Altman Z-Score	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	1.938
Altman Z-Prime	snapshot only																				1.709
Piotroski F-Score	5	5	3	5	5	6	5	4	5	7	7	7	6	7	5	6	5	5	5	7	7
Beneish M-Score	-1.12	-1.12	-1.59	-1.29	-5.19	-5.21	-5.31	-5.13	-3.08	-3.07	-3.22	-3.36	-3.63	-3.67	-4.00	-3.89	-3.51	-3.39	-3.30	-3.17	-3.173
Ohlson O-Score	snapshot only																				-3.243
Net-Net WC	snapshot only																				$-16.33
EVA	snapshot only																				$319933298.41

Credit

Metric	Q3'21	Q4'21	Q1'22	Q2'22	Q3'22	Q4'22	Q1'23	Q2'23	Q3'23	Q4'23	Q1'24	Q2'24	Q3'24	Q4'24	Q1'25	Q2'25	Q3'25	Q4'25	Q1'26	Q2'26	Current
Credit Rating	snapshot only																				BBB
Credit Score	82.86	83.90	83.81	78.27	79.70	66.72	68.64	58.75	65.20	72.65	67.93	71.96	67.03	66.97	68.40	66.32	67.21	73.02	57.95	59.62	59.616
Credit Grade	snapshot only																				9
Credit Trend	snapshot only																				-6.708
Implied Spread (bps)	snapshot only																				275.000
Industry Credit Rank	snapshot only																				53
Sector Credit Rank	snapshot only																				51

ETSY NYSE

Edge Score

Analyst Insights

Financial Rating

InsiderStreet Scorecard

Risk & Quality Signals

Valuation

DuPont Decomposition (5-Factor)

Graham-Dodd Adjusted Valuation

Profitability Trends

Leverage & Solvency Trends

Efficiency & Working Capital Trends

Growth Trends (YoY %)

Earnings Stability

Monte Carlo Price Simulation

Executive Compensation

C-Suite Compensation

CEO Pay Ratio

C-Suite Pay Equality (Gini)

CEO Compensation Mix

Workforce & Productivity

Scaling Efficiency

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