Tearsheet

Wayfair (W)


Market Price (5/3/2026): $65.5 | Market Cap: $8.6 Bil
Sector: Consumer Discretionary | Industry: Broadline Retail

Wayfair (W)


Market Price (5/3/2026): $65.5
Market Cap: $8.6 Bil
Sector: Consumer Discretionary
Industry: Broadline Retail

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34%

Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail. Themes include Online Marketplaces, Direct-to-Consumer Brands, and Last-Mile Delivery.

Weak multi-year price returns
2Y Excs Rtn is -16%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9%

Key risks
W key risks include [1] its ongoing inability to achieve sustained profitability due to significant marketing and fulfillment costs, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -34%
1 Megatrend and thematic drivers
Megatrends include E-commerce & Digital Retail. Themes include Online Marketplaces, Direct-to-Consumer Brands, and Last-Mile Delivery.
2 Weak multi-year price returns
2Y Excs Rtn is -16%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -7.9%
5 Key risks
W key risks include [1] its ongoing inability to achieve sustained profitability due to significant marketing and fulfillment costs, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Wayfair (W) stock has lost about 35% since 1/31/2026 because of the following key factors:

1. Wayfair's Q1 2026 Financial Results Missed Analyst Expectations, Highlighting Ongoing Profitability Concerns.

On April 30, 2026, Wayfair reported an adjusted diluted earnings per share (EPS) of $0.26 for Q1 2026, falling short of analyst estimates of $0.27. While total net revenue increased 7.4% year-over-year to $2.9 billion, it also missed consensus estimates of approximately $2.947 billion. Despite achieving its best Q1 adjusted EBITDA margin in five years at 5.2%, the company still posted a net loss of $105 million and negative free cash flow of ($106) million, signaling continued challenges in converting revenue growth into net profitability.

2. Significant Insider Selling by Key Executives Indicated a Potential Lack of Confidence.

Between January 31, 2026, and the current date, there was substantial insider selling activity. Wayfair's CEO, Niraj Shah, sold approximately $8.4 million in Class A Common Stock on March 23-24, 2026, and further sold 120,000 shares in April 2026 for an estimated value well over $5 million. Co-founder Steven Conine also sold 120,000 shares on April 23-24, 2026, for an estimated value exceeding $5 million. Overall, insiders sold $55.7 million worth of shares in the past three months, with no reported insider buying, which can be interpreted by the market as a lack of strong conviction in the company's near-term future.

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Stock Movement Drivers

Fundamental Drivers

The -36.7% change in W stock from 1/31/2026 to 5/2/2026 was primarily driven by a -38.3% change in the company's P/S Multiple.
(LTM values as of)13120265022026Change
Stock Price ($)103.4965.50-36.7%
Change Contribution By: 
Total Revenues ($ Mil)12,24112,6583.4%
P/S Multiple1.10.7-38.3%
Shares Outstanding (Mil)130131-0.8%
Cumulative Contribution-36.7%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 5/2/2026
ReturnCorrelation
W-36.7% 
Market (SPY)3.6%65.8%
Sector (XLY)-1.9%59.1%

Fundamental Drivers

The -36.7% change in W stock from 10/31/2025 to 5/2/2026 was primarily driven by a -38.3% change in the company's P/S Multiple.
(LTM values as of)103120255022026Change
Stock Price ($)103.5165.50-36.7%
Change Contribution By: 
Total Revenues ($ Mil)12,24112,6583.4%
P/S Multiple1.10.7-38.3%
Shares Outstanding (Mil)130131-0.8%
Cumulative Contribution-36.7%

LTM = Last Twelve Months as of date shown

Market Drivers

10/31/2025 to 5/2/2026
ReturnCorrelation
W-36.7% 
Market (SPY)5.5%58.0%
Sector (XLY)-0.7%52.4%

Fundamental Drivers

The 117.2% change in W stock from 4/30/2025 to 5/2/2026 was primarily driven by a 111.4% change in the company's P/S Multiple.
(LTM values as of)43020255022026Change
Stock Price ($)30.1665.50117.2%
Change Contribution By: 
Total Revenues ($ Mil)11,85112,6586.8%
P/S Multiple0.30.7111.4%
Shares Outstanding (Mil)126131-3.8%
Cumulative Contribution117.2%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2025 to 5/2/2026
ReturnCorrelation
W117.2% 
Market (SPY)30.4%56.1%
Sector (XLY)21.2%51.0%

Fundamental Drivers

The 88.1% change in W stock from 4/30/2023 to 5/2/2026 was primarily driven by a 124.3% change in the company's P/S Multiple.
(LTM values as of)43020235022026Change
Stock Price ($)34.8365.5088.1%
Change Contribution By: 
Total Revenues ($ Mil)12,21812,6583.6%
P/S Multiple0.30.7124.3%
Shares Outstanding (Mil)106131-19.1%
Cumulative Contribution88.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2023 to 5/2/2026
ReturnCorrelation
W88.1% 
Market (SPY)78.7%54.7%
Sector (XLY)64.4%56.8%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
W Return-16%-83%88%-28%127%-36%-72%
Peers Return32%-25%24%29%-1%13%75%
S&P 500 Return27%-19%24%23%16%5%92%

Monthly Win Rates [3]
W Win Rate50%17%58%50%67%25% 
Peers Win Rate62%38%62%67%48%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
W Max Drawdown-16%-85%-6%-39%-46%-36% 
Peers Max Drawdown-7%-35%-10%-6%-19%-5% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: AMZN, HD, LOW, WMT, TGT. See W Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 5/1/2026 (YTD)

How Low Can It Go

EventWS&P 500
2025 US Tariff Shock
  % Loss-47.9%-18.8%
  % Gain to Breakeven91.9%23.1%
  Time to Breakeven62 days79 days
2024 Yen Carry Trade Unwind
  % Loss-28.5%-7.8%
  % Gain to Breakeven39.8%8.5%
  Time to Breakeven38 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-42.8%-9.5%
  % Gain to Breakeven74.9%10.5%
  Time to Breakeven194 days24 days
2023 SVB Regional Banking Crisis
  % Loss-41.0%-6.7%
  % Gain to Breakeven69.5%7.1%
  Time to Breakeven86 days31 days
2020 COVID-19 Crash
  % Loss-70.8%-33.7%
  % Gain to Breakeven242.8%50.9%
  Time to Breakeven25 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-41.8%-19.2%
  % Gain to Breakeven71.7%23.7%
  Time to Breakeven60 days105 days

Compare to AMZN, HD, LOW, WMT, TGT

In The Past

Wayfair's stock fell -47.9% during the 2025 US Tariff Shock. Such a loss loss requires a 91.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventWS&P 500
2025 US Tariff Shock
  % Loss-47.9%-18.8%
  % Gain to Breakeven91.9%23.1%
  Time to Breakeven62 days79 days
2024 Yen Carry Trade Unwind
  % Loss-28.5%-7.8%
  % Gain to Breakeven39.8%8.5%
  Time to Breakeven38 days18 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-42.8%-9.5%
  % Gain to Breakeven74.9%10.5%
  Time to Breakeven194 days24 days
2023 SVB Regional Banking Crisis
  % Loss-41.0%-6.7%
  % Gain to Breakeven69.5%7.1%
  Time to Breakeven86 days31 days
2020 COVID-19 Crash
  % Loss-70.8%-33.7%
  % Gain to Breakeven242.8%50.9%
  Time to Breakeven25 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-41.8%-19.2%
  % Gain to Breakeven71.7%23.7%
  Time to Breakeven60 days105 days
2016-2017 Trump Reflation Bond Selloff
  % Loss-21.1%-3.7%
  % Gain to Breakeven26.8%3.9%
  Time to Breakeven69 days6 days
2015-2016 China Devaluation / Global Growth Scare
  % Loss-36.7%-12.2%
  % Gain to Breakeven58.0%13.9%
  Time to Breakeven454 days62 days
2014-2016 Oil Price Collapse
  % Loss-51.2%-6.8%
  % Gain to Breakeven105.0%7.3%
  Time to Breakeven185 days15 days

Compare to AMZN, HD, LOW, WMT, TGT

In The Past

Wayfair's stock fell -47.9% during the 2025 US Tariff Shock. Such a loss loss requires a 91.9% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About Wayfair (W)

Wayfair Inc. engages in the e-commerce business in the United States and internationally. The company provides approximately thirty-three million products for the home sector under various brands. It offers online selections of furniture, décor, housewares, and home improvement products through its sites, including Wayfair, Joss & Main, AllModern, Birch Lane, and Perigold brands. The company was founded in 2002 and is headquartered in Boston, Massachusetts.

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1. Amazon for home goods

2. The Zappos of home furniture and decor

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  • Furniture: Wayfair offers a wide online selection of furniture for various rooms and styles within the home.
  • Décor: The company provides an extensive range of decorative items to furnish and enhance home interiors.
  • Housewares: Wayfair sells a variety of essential and specialized products for the home, including kitchenware, bedding, and bath items.
  • Home Improvement Products: Customers can find products for renovating and upgrading their homes, such as lighting, fixtures, and building materials.

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Major Customers of Wayfair (W)

Wayfair Inc. primarily sells directly to individual consumers rather than other businesses. Its e-commerce model serves a diverse customer base looking to furnish, decorate, and improve their homes. Based on its multi-brand strategy, Wayfair caters to several categories of customers:

  • General Home Shoppers: This broad category includes individuals and families seeking a wide range of furniture, decor, and home improvement products for various rooms and purposes. These customers often prioritize convenience, selection, and a balance of style and affordability, typically shopping across the Wayfair platform itself.

  • Design-Conscious & Style-Specific Buyers: This segment comprises customers with particular aesthetic preferences, such as modern, contemporary, or farmhouse styles. They look for curated collections and specific design trends, often gravitating towards brands like AllModern (for modern design), Joss & Main (for timeless and on-trend styles), and Birch Lane (for classic and farmhouse aesthetics).

  • Luxury & High-End Purchasers: This category serves affluent customers who are seeking premium, designer-quality furniture, decor, and home improvement items. These buyers prioritize exclusivity, superior craftsmanship, and sophisticated design, and they are typically drawn to Wayfair's luxury brand, Perigold.

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Niraj Shah, Chief Executive Officer, Co-Founder and Co-Chairman
Niraj Shah co-founded Wayfair with Steve Conine in 2002 and has served as CEO since its inception. Before establishing Wayfair, he co-founded and was CEO of Spinners, an IT consulting company that was acquired by iXL in 1998. He also served as CEO and co-founder of Simplify Mobile, an enterprise software company that was sold in 2001. Additionally, he was an Entrepreneur-in-Residence at Greylock Partners and served as COO and a board member of iXL.

Kate Gulliver, Chief Financial Officer and Chief Administrative Officer
Kate Gulliver serves as Wayfair's Chief Financial Officer and Chief Administrative Officer, overseeing finance, investor relations, talent management, legal, real estate, and corporate affairs. She joined Wayfair in 2006 and has been instrumental in the company's growth, including leading its Investor Relations team through its initial public offering. Prior to her current role, she led Wayfair's Talent function as Chief People Officer. Her career also includes experience as a Vice President at private investment firm Bain Capital and as an analyst at McKinsey & Company.

Fiona Tan, Chief Technology Officer
Fiona Tan is Wayfair's Chief Technology Officer, overseeing a global innovation team responsible for the company's e-commerce platform. She joined Wayfair in September 2020 as Global Head of Customer and Supplier Technology and was promoted to CTO in March 2022. With over 25 years of experience, she previously held several senior positions at Walmart, including Senior Vice President of U.S. Technology. Before Walmart, she held leadership roles at Ariba, where she led its global engineering organization, and at TIBCO Software.

Steve Conine, Co-Chairman and Co-Founder
Steve Conine is the co-founder and co-chairman of Wayfair, which he co-founded with Niraj Shah in 2002. He leads many of Wayfair's innovations, particularly in architecting software systems and leveraging next-generation technologies. Before co-founding Wayfair, he co-founded Spinners Incorporated, an IT services firm that was acquired by iXL in 1998.

Jon Blotner, President
Jon Blotner is the President of Wayfair, overseeing its global retail businesses, including specialty brands like Birch Lane, Joss & Main, AllModern, and Perigold, as well as the B2B business. He is responsible for all commercial functions, including Marketing, Retail Media, Merchandising, Pricing, Category Management, and Physical Retail, and directs Wayfair's Operations, encompassing its global supply chain, logistics network, and customer service. He has been with Wayfair since 2016 and is currently the company's Chief Commercial Officer. From January 1, 2025, he will assume the role of President of Commercial and Operations.

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Wayfair (symbol: W) faces several key risks to its business:

Macroeconomic Pressures and Shifting Consumer Spending

Wayfair's business is highly susceptible to broader macroeconomic conditions, including economic instability, inflationary pressures, and elevated interest rates. These factors directly influence consumer behavior, particularly impacting discretionary spending on home furnishings and décor. Recent reports indicate lower order volumes and a decrease in net revenue attributed to these macroeconomic headwinds, affecting consumer spending patterns and housing market conditions.

Supply Chain Vulnerabilities

As an e-commerce company dealing with physical goods, Wayfair is exposed to significant risks related to global supply chain disruptions. These vulnerabilities include port congestion, inventory shortages, increased shipping costs, and geopolitical events that can delay product deliveries. While Wayfair has implemented strategies to mitigate these issues, such as diversifying suppliers and optimizing inventory, its reliance on a complex global supply chain remains a structural risk that can affect product availability, delivery times, and overall profitability.

Intense Competition and Profitability Challenges

Wayfair operates within a highly competitive e-commerce landscape, facing rivalry from large players like Amazon, Walmart, and traditional furniture retailers. This intense competition can lead to pressure on pricing and market share. Additionally, the cost of acquiring new customers in a crowded digital advertising market continues to rise, impacting profitability. Wayfair has historically faced challenges in achieving consistent profitability, and the competitive environment exacerbates these difficulties, making sustained financial performance a significant concern.

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The emergence of advanced generative AI tools that enable consumers to create highly personalized home designs and custom furniture pieces, potentially facilitating direct-to-manufacturer sourcing, poses a clear emerging threat. This technology could disintermediate Wayfair's role as a vast online retailer of pre-existing products by shifting the consumer journey from browsing curated selections to actively designing and directly procuring unique items.

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Wayfair Inc. (W) operates within the expansive home goods sector, offering a wide range of products including furniture, decor, housewares, and home improvement items. The addressable markets for these main product categories demonstrate significant scale both in the U.S. and globally.

Global Addressable Market

  • The global home furnishings market was estimated at approximately USD 1,018.2 billion in 2024 and is projected to reach USD 1,703.86 billion by 2030.
  • Another estimate places the global home furnishings market at USD 864.21 billion in 2024, with a projection to grow to USD 1,247.89 billion by 2032.
  • The total addressable market for home goods globally is expected to surpass USD 1 trillion by 2030, increasing from around USD 800 billion in 2023.
  • The global home decor market was valued at USD 960.14 billion in 2024 and is projected to reach USD 1,622.90 billion by 2030.
  • The global home improvement market was valued at approximately USD 894.20 billion in 2024 and is predicted to grow to around USD 1,320.00 billion by 2034.
  • The global online furniture market size was valued at USD 245.3 billion in 2024 and is projected to grow to USD 439.32 billion by 2030.

U.S. Addressable Market

  • Wayfair's internal estimates suggest the U.S. home goods market size is approximately USD 460 billion, with about 20% of that market being online.
  • The U.S. home furnishing market generated a revenue of USD 252,268.9 million in 2024 and is expected to reach USD 412,138.7 million by 2030.
  • The U.S. home decor market generated a revenue of USD 237,874.2 million in 2024 and is expected to reach USD 392,556.1 million by 2030.
  • The U.S. furniture market size was valued at USD 195.7 billion in 2025 and is projected to reach USD 256.9 billion by 2034. Online stores hold a significant share, leading with 41% in 2025.
  • The U.S. online household furniture sales market size is projected at USD 74.3 billion in 2025.
  • The U.S. home improvement market was valued at USD 522.25 billion in 2023 and is expected to reach USD 615.58 billion by 2029.

Canada and EU Addressable Market

  • Wayfair estimates the addressable market size for home goods in Canada and the European Union combined to be around USD 350 billion.

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Wayfair Inc. (W) is expected to drive future revenue growth over the next 2-3 years through several key initiatives:

  1. Expanding Customer Growth and Loyalty Programs: Wayfair anticipates continued revenue growth by increasing its customer base and fostering customer loyalty. The Wayfair Rewards paid program has already attracted over one million members, contributing to more than 15% of U.S. revenue, with members converting on furniture purchases at nearly three times the rate of non-members.
  2. Strategic Expansion of Physical Retail Stores: The company is actively opening new large-format physical retail stores in major metropolitan areas such as Atlanta, Columbus, and Denver. These stores serve as crucial channels for acquiring new customers, with over half of store visitors often being new to Wayfair, and are strategically located near distribution centers to enhance delivery efficiency.
  3. Leveraging Technology and AI for Enhanced Operations and Customer Experience: Wayfair is investing in technological advancements, particularly AI-driven enhancements, to improve the overall shopping experience, optimize internal operations, and boost efficiency. These initiatives are expected to reduce operational costs and enhance supplier capabilities and customer engagement.
  4. Improving Core Value Proposition (Selection, Pricing, Availability, and Delivery): A key driver involves continuously enhancing Wayfair's fundamental offerings, including a broader selection of products, competitive pricing, improved product availability, and faster delivery speeds. This focus, supported by its extensive manufacturer network and efficient logistics like CastleGate, aims to meet consumer demand for value and quality. The introduction of programs such as Wayfair Delivery Plus further supports this strategy.
  5. Aggressive Market Share Expansion and Operational Efficiency: Wayfair is focused on outpacing the market by growing its Adjusted EBITDA faster than its revenue, targeting a potential organic growth rate exceeding 20%. This aggressive market share capture is supported by ongoing improvements in operational efficiencies, stringent cost controls, and leveraging fixed costs, which contribute to sustained margin expansion.

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Share Repurchases

  • Wayfair had a $700 million share repurchase program authorized in August 2020 and a new $1.0 billion program authorized in August 2021.
  • The company did not repurchase any shares of Class A Common stock under these authorized programs during the years ended December 31, 2023, 2024, and 2025.
  • However, Wayfair repurchased over $200 million of principal on its 2027 convertible notes in late 2025 and also repurchased 2028 convertible notes to offset potential dilution. In February 2026, Wayfair announced a $250 million redemption of its 3.25% Convertible Senior Notes due in 2027.

Share Issuance

  • Wayfair's shares outstanding have shown an increasing trend; for instance, 2025 shares outstanding were 0.128 billion, a 4.07% increase from 2024.
  • Shares outstanding in 2024 increased by 7.89% from 2023, and 2023 shares outstanding increased by 7.55% from 2022.
  • Wayfair issued $700 million in senior secured notes due 2030 in March 2025 and $700 million in senior secured notes due 2032 in November 2025, with proceeds partly intended to repurchase convertible notes.

Outbound Investments

  • Wayfair has not made any significant acquisitions or divestitures in the last 3-5 years, with annual net acquisitions/divestitures reported as $0B or $0M for the period ending September 30, 2025.
  • The company's most recent acquisition, Trumpit, occurred in August 2016.

Capital Expenditures

  • Wayfair's capital expenditures for fiscal year 2025 were -$70 million, and $25 million in Q4 2025.
  • Capital expenditures decreased in 2021 ($101 million), 2023 ($148 million), and 2024 ($73 million), after peaking at $186 million in 2022.
  • Expected capital expenditures for 2026 are projected to be in the range of $55 million to $65 million, primarily focused on software development, supply chain initiatives, and physical store expansion, including new stores in Atlanta, Columbus, and Denver.

Better Bets vs. Wayfair (W)

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

WAMZNHDLOWWMTTGTMedian
NameWayfair Amazon.c.Home Dep.Lowe's C.Walmart Target  
Mkt Price65.50268.26323.88233.33131.60128.89182.47
Mkt Cap8.62,881.9321.6130.41,049.058.4226.0
Rev LTM12,658742,776166,18986,287713,163104,780135,484
Op Inc LTM14985,42221,53610,15229,8255,11715,844
FCF LTM362-2,47213,9277,65114,9232,8355,243
FCF 3Y Avg17921,34616,1067,17514,2343,70910,705
CFO LTM578148,53117,6499,86441,5656,56213,756
CFO 3Y Avg432120,52719,5189,21037,9117,51714,364

Growth & Margins

WAMZNHDLOWWMTTGTMedian
NameWayfair Amazon.c.Home Dep.Lowe's C.Walmart Target  
Rev Chg LTM6.8%14.2%7.5%3.1%4.7%-1.7%5.8%
Rev Chg 3Y Avg1.9%12.3%1.9%-3.7%5.3%-1.3%1.9%
Rev Chg Q7.4%16.6%2.8%10.9%5.6%-1.5%6.5%
QoQ Delta Rev Chg LTM1.6%3.6%0.7%2.4%1.4%-0.4%1.5%
Op Inc Chg LTM164.2%19.2%1.7%-3.0%1.6%-8.1%1.7%
Op Inc Chg 3Y Avg92.7%108.4%-3.6%0.4%14.2%12.6%13.4%
Op Mgn LTM1.2%11.5%13.0%11.8%4.2%4.9%8.2%
Op Mgn 3Y Avg-2.0%10.2%13.7%12.6%4.2%5.1%7.7%
QoQ Delta Op Mgn LTM0.4%0.3%-0.1%-0.4%0.1%-0.1%-0.0%
CFO/Rev LTM4.6%20.0%10.6%11.4%5.8%6.3%8.4%
CFO/Rev 3Y Avg3.5%18.1%12.4%10.8%5.6%7.1%8.9%
FCF/Rev LTM2.9%-0.3%8.4%8.9%2.1%2.7%2.8%
FCF/Rev 3Y Avg1.4%3.5%10.2%8.4%2.1%3.5%3.5%

Valuation

WAMZNHDLOWWMTTGTMedian
NameWayfair Amazon.c.Home Dep.Lowe's C.Walmart Target  
Mkt Cap8.62,881.9321.6130.41,049.058.4226.0
P/S0.73.91.91.51.50.61.5
P/Op Inc57.633.714.912.835.211.424.3
P/EBIT-52.624.414.912.732.511.213.8
P/E-28.131.722.119.647.915.820.8
P/CFO14.819.418.213.225.28.916.5
Total Yield-3.6%3.2%7.4%7.1%2.8%9.9%5.1%
Dividend Yield0.0%0.0%2.8%2.0%0.7%3.5%1.4%
FCF Yield 3Y Avg2.5%1.1%4.5%5.3%2.3%6.5%3.5%
D/E0.40.10.20.30.10.30.3
Net D/E0.30.00.20.30.10.30.2

Returns

WAMZNHDLOWWMTTGTMedian
NameWayfair Amazon.c.Home Dep.Lowe's C.Walmart Target  
1M Rtn-9.8%27.9%0.7%1.5%4.6%7.0%3.0%
3M Rtn-36.7%12.1%-13.0%-12.2%10.7%23.4%-0.8%
6M Rtn-36.7%9.8%-13.6%-1.1%30.6%42.2%4.4%
12M Rtn94.6%41.2%-8.9%4.7%34.4%38.4%36.4%
3Y Rtn109.3%158.8%19.2%20.5%171.3%-7.1%64.9%
1M Excs Rtn-22.9%17.4%-11.7%-10.6%-4.5%-3.0%-7.5%
3M Excs Rtn-40.9%7.9%-17.2%-16.4%6.5%19.3%-5.0%
6M Excs Rtn-41.7%11.6%-18.1%-6.2%24.0%35.2%2.7%
12M Excs Rtn87.3%15.6%-37.7%-23.4%6.7%9.6%8.1%
3Y Excs Rtn8.6%77.3%-57.0%-55.1%92.5%-85.9%-23.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Single Segment11,85112,00312,21813,70814,145
Total11,85112,00312,21813,70814,145


Price Behavior

Price Behavior
Market Price$65.50 
Market Cap ($ Bil)8.4 
First Trading Date10/02/2014 
Distance from 52W High-45.0% 
   50 Days200 Days
DMA Price$75.30$86.95
DMA Trendupdown
Distance from DMA-13.0%-24.7%
 3M1YR
Volatility72.1%66.4%
Downside Capture3.101.54
Upside Capture230.16286.92
Correlation (SPY)61.5%55.1%
W Betas & Captures as of 4/30/2026

 1M2M3M6M1Y3Y
Beta3.772.632.972.602.952.55
Up Beta3.853.753.252.913.912.67
Down Beta0.812.281.481.912.052.21
Up Capture124%199%270%282%802%6008%
Bmk +ve Days15223166141428
Stock +ve Days10182756126374
Down Capture600%225%316%226%177%113%
Bmk -ve Days4183056108321
Stock -ve Days12253769125376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with W
W123.5%66.7%1.47-
Sector ETF (XLY)21.3%18.8%0.9050.8%
Equity (SPY)30.6%12.5%1.8856.0%
Gold (GLD)39.5%27.2%1.201.4%
Commodities (DBC)51.5%17.9%2.20-12.4%
Real Estate (VNQ)13.1%13.5%0.6722.4%
Bitcoin (BTCUSD)-17.1%42.2%-0.3326.8%

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Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with W
W-26.3%79.7%-0.03-
Sector ETF (XLY)6.7%23.8%0.2462.0%
Equity (SPY)12.8%17.1%0.5956.6%
Gold (GLD)20.5%17.9%0.948.2%
Commodities (DBC)14.3%19.1%0.617.7%
Real Estate (VNQ)3.5%18.8%0.0944.0%
Bitcoin (BTCUSD)7.7%56.2%0.3528.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with W
W5.2%74.7%0.40-
Sector ETF (XLY)12.7%22.0%0.5356.1%
Equity (SPY)14.9%17.9%0.7150.7%
Gold (GLD)13.6%15.9%0.718.8%
Commodities (DBC)9.7%17.7%0.4612.2%
Real Estate (VNQ)5.7%20.7%0.2436.7%
Bitcoin (BTCUSD)67.7%66.9%1.0719.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date4152026
Short Interest: Shares Quantity16.9 Mil
Short Interest: % Change Since 3312026-8.3%
Average Daily Volume3.4 Mil
Days-to-Cover Short Interest5.0 days
Basic Shares Quantity131.0 Mil
Short % of Basic Shares12.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
2/19/2026-13.0%-17.2%-16.6%
10/28/202523.2%19.5%27.0%
8/4/202512.7%11.0%19.1%
5/1/20253.5%1.0%36.7%
2/20/2025-0.6%-8.0%-31.9%
11/1/2024-6.3%-7.1%12.3%
8/1/2024-8.1%-25.7%-22.6%
5/2/202416.0%35.0%17.7%
...
SUMMARY STATS   
# Positive141414
# Negative888
Median Positive8.6%10.8%18.8%
Median Negative-5.6%-13.8%-18.7%
Max Positive23.2%35.0%38.1%
Max Negative-23.0%-25.7%-31.9%

SEC Filings

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Report DateFiling DateFiling
03/31/202604/30/202610-Q
12/31/202502/19/202610-K
09/30/202510/28/202510-Q
06/30/202508/04/202510-Q
03/31/202505/01/202510-Q
12/31/202402/20/202510-K
09/30/202411/01/202410-Q
06/30/202408/01/202410-Q
03/31/202405/02/202410-Q
12/31/202302/22/202410-K
09/30/202311/01/202310-Q
06/30/202308/03/202310-Q
03/31/202305/04/202310-Q
12/31/202202/23/202310-K
09/30/202211/03/202210-Q
06/30/202208/04/202210-Q

Insider Activity

Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Blotner, JonPres., Commercial & OperationsDirectSell403202672.194,790345,7908,024,496Form
2Shah, NirajChief Executive OfficerDirectSell325202677.181,571121,2504,611,351Form
3Conine, Steven DirectSell325202677.141,687130,1354,587,284Form
4Shah, NirajChief Executive OfficerDirectSell325202677.19107,8188,322,9964,733,512Form
5Conine, Steven DirectSell325202677.20107,9198,330,8234,720,792Form