Etsy vs Newegg Commerce
Etsy reported revenue of $2.9 billion in fiscal 2025, 2.0 times Newegg Commerce's $1.4 billion in fiscal 2025. Etsy's revenue grew 2.7% in its latest year, and Newegg Commerce's grew 16.9%. Etsy had an operating margin of 9.2%, against -0.7% at Newegg Commerce. Free cash flow was $678 million at Etsy and −$30 million at Newegg Commerce.
Side by side
| Etsy | Newegg Commerce | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $2.9B | $1.4B |
| Revenue growth | 2.7% | 16.9% |
| Revenue growth a year, last 5 years | 10.8% | −7.3% |
| Gross margin | 71.6% | 11.7% |
| Operating margin | 9.2% | −0.7% |
| Net margin | 5.7% | −0.3% |
| Free cash flow | $678M | −$30M |
| Free cash flow margin | 23.5% | −2.0% |
| Return on capital | 37.1% | — |
| Net debt to EBITDA | 4.0x | — |
| Dividends and buybacks | $777M | $0M |
| Change in diluted share count | −5.8% | 4.3% |
| Last close | $85.43 | $9.47 |
| P/E at the last close | 47.7× | — |
| Insider trades, last 12 months | sold $80.0 million | sold $11.0 million |
| Piotroski F-score | 5 of 9 | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
EtsyNewegg Commerce
Operating margin
Percent of revenue
EtsyNewegg Commerce
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
EtsyNewegg Commerce
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Etsy and Newegg Commerce pages.