Etsy vs Pattern Group
Etsy is the larger business, with $2.88bn of revenue in fiscal 2025 against $2.50bn for Pattern Group (1.2 times as much). Pattern Group grew faster (39.3% against 2.7%). Etsy kept more of each dollar of sales as profit: a net margin of 5.7% against 0.6%.
| Latest fiscal year | EtsyETSY, 2025 | Pattern GroupPTRN, 2025 |
|---|---|---|
| Revenue | $2.88bn | $2.50bn |
| Revenue growth | 2.7% | 39.3% |
| Net income | $163m | $16.2m |
| Operating margin | 9.2% | 1.0% |
| Net margin | 5.7% | 0.6% |
| Return on equity | — | 4.7% |
| Free cash flow | $678m | $78.9m |
| Cash | $1.36bn | $289m |
| Total debt | $2.98bn | $0 |
| Debt to equity | — | 0.0% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $777m | $0 |
| Employees | 2,375 | — |
| Market value | $8.13bn | $3.01bn |
| Price vs our value range | Within our value range | — |
| Moat score | 69 (Moderate) | — |
| Insider trades, 12 months | 0 buys, 110 sales | 0 buys, 3 sales |