Wayfair engages in e-commerce in the United States (88% of 2025 sales), Canada, the United Kingdom, and Ireland. It's also embarked on expansion into the brick-and-mortar landscape, with 13 stores (excluding outlets) between the AllModern, Birch Lane, Joss & Main, and Wayfair banners.
It is a $14.5B consumer company. Revenue grew 7.5% over the last year, it currently loses money, and its net debt equals ~3.0 years of free cash flow.
- Website
- wayfair.com
- Location
- Boston, MA
- Employees
- 12 800
- Sector
- Consumer Cyclical
- Founded
- 2002
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Growth, Profitability, Health and Moat lag behind.
Valuation62
- P/E vs own history12th pct · 25/25
- FCF yield3.9% · 12/25
- P/S1.1x · 25/25
- EV/EBITDA129.0x · 0/25
Growth0
- Revenue CAGR-2.4% · 0/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growthn/a · 0/25
Profitability0
- ROICn/a · 0/25
- ROE-659.9% · 0/25
- Net margin-2.5% · 0/25
- Operating margin-1.2% · 0/25
Health14
- Altman Z1.25 · 3/25
- Current ratio0.74 · 6/25
- Interest coverage-1.6x · 0/25
- Net cash / debtD/A 49% · 5/25
Quality65
- Piotroski F6/9 · 15/25
- Beneish M-3.61 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 4.3% · 25/25
Moat11
- ROIC >12% years1/4 yrs · 0/25
- Median gross margin28.2% · 6/25
- FCF-positive years5/10 yrs · 5/25
- Worst-year net marginworst -10.9% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- 2022ProductWayfair announced the opening of a flagship store in the King of Prussia Mall outside of Philadelphia, PA
- FY2020FinancialTurned profitable$185M net income after a loss year
- FY2020FinancialRevenue crossed $10B$14.1B for the year
- FY2020FinancialBest year on record$185M net income
- Jul 10, 2020MilestoneWayfair became the subject of a conspiracy theory known as WayfairGate that accused the company of…
- Mar 26, 2019MilestoneWayfair announced that its first permanent physical storefront would open in the Natick Mall in…
- 2018MilestoneAccording to an August 2018 article in The Boston Globe, Wayfair added an additional 2,000 employees in the first…
- FY2016FinancialRevenue already above $1B$3.38B in first reported year
- 2013AcquisitionIt acquired DwellStudio, a New York City-based design house and retailer focused on modern home and…
- 2012ProductIt launched Wayfair Supply, a single destination for Wayfair's business, government and…
- Sep 1, 2011ProductWayfair.com launched on September 1, 2011
- 2002FoundedFormerly known as CSN Stores, it was founded in 2002, and currently offers 14 million items from more than 11,000…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
No standout strengths in the available data.
Watch-outs
- Not profitable — 2.5% net margin
- Altman Z-Score 1.25 — elevated financial-distress risk
- Thin interest coverage (-1.6×)
- Loss-making in 9 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+7.5% YoY
- Profitable — makes more than it spends-$321M TTM
- Profit growing — earnings are higher than last year+36.4% YoY
- Generates cash — cash left after running and investing$562M TTM
- Debt under control — could handle its obligations~3.0y of cash flow to repay
- Established company — not a micro-cap — lower blow-up risk$14.5B market cap
- Not printing shares — share count not ballooning — you keep your slice+28.9% shares over ~5y
- Proven track record — years of profitability behind it1/10 profitable years
- Financially stable — balance sheet not near distressAltman Z 1.2 — distress
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsno data
Peer comparisonWayfair Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| W this company | $14.5B | — | +7.5% | -2.5% | Strained |
| AMZN Amazon.Com Inc | $2.8T | 20.9 | +15.8% | 17.4% | Mixed |
| TSLA Tesla, Inc. | $1.5T | 397.1 | +11.8% | 3.7% | Strong |
| NFLX NetFlix Inc | $292.8B | 21.4 | +16.0% | 28.2% | Solid |
| HD Home Depot, Inc. | $290.4B | 20.4 | -16.0% | 8.7% | Solid |
| DIS The Walt Disney Company | $186.5B | 21.7 | +4.6% | 8.7% | Solid |
| MCD McDonald's Corporation | $166.9B | 18.9 | +6.3% | 31.7% | Strained |
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/W
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Deeper analysis of W on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $105.74 · market cap $14.5B.