Etsy Inc (ETSY)
Net profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 307,568 | 333,850 | -717,068 | -705,860 | -694,288 | -642,279 | 410,719 | 435,850 | 493,507 | 480,488 | 482,319 | 480,490 | 349,246 | 231,999 | 155,039 | 76,837 | 95,894 | 105,854 | 110,947 | 96,103 |
| Revenue (ttm) | US$ in thousands | 2,748,377 | 2,713,296 | 2,671,463 | 2,627,722 | 2,566,111 | 2,476,009 | 2,413,969 | 2,357,734 | 2,329,114 | 2,229,330 | 2,148,379 | 2,048,216 | 1,725,625 | 1,378,268 | 1,124,737 | 877,095 | 818,379 | 748,409 | 700,828 | 652,120 |
| Net profit margin | 11.19% | 12.30% | -26.84% | -26.86% | -27.06% | -25.94% | 17.01% | 18.49% | 21.19% | 21.55% | 22.45% | 23.46% | 20.24% | 16.83% | 13.78% | 8.76% | 11.72% | 14.14% | 15.83% | 14.74% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $307,568K ÷ $2,748,377K
= 11.19%
The net profit margin of Etsy Inc has shown fluctuating trends over the past eight quarters. In Q4 2023 and Q3 2023, the net profit margins were 11.19% and 12.30% respectively, reflecting a healthy level of profitability. However, in Q2 2023 and Q1 2023, the net profit margins were negative at -26.84% and -26.86% respectively, indicating the company incurred losses during those periods.
Comparing the figures to the same quarters in the previous year, there was a significant improvement in profitability in Q4 2022 and Q3 2022, with net profit margins of -27.06% and -25.94% respectively, turning into positive margins of 17.01% and 18.49%. This suggests that Etsy Inc was able to enhance its profitability substantially compared to the previous year.
Overall, the net profit margin of Etsy Inc has been volatile, with periods of both profitability and losses. It is important for the company to identify the factors contributing to fluctuations in profitability and implement strategies to maintain a consistent and sustainable level of profitability in the future.
Peer comparison
Dec 31, 2023