Assay
Financial-condition grades for SEC filers
Company Report · as of Oct 9, 2026
|
| Wayfair Inc.W · shops | |
|---|---|
| Grade |  C/Don the C/D boundary of 258 graded peers; percentile 61.1, sampling error 2.9 points; lower is stronger |
| Rank | 158 of 258 |
| Profitability | A/Bpercentile 18.9 |
| Solvency | Epercentile 84.0 |
| Growth and financing | C/Dpercentile 60.8 |
| Reliability | 0.94 AUCfailure model, filers with over $2.67B assets; 95% interval 0.88 to 0.97; 61 events, 2020 to 2025 |
| Peer failure rate | 0.52% a yearItem 1.03 bankruptcies, same asset band, 2012 to 2025 |
| Size band | over $2.67B assetstotal assets $3.4B[1] |
| Standard universe | insiderevenue above $1M and assets above $10M[1-2] |
| Warnings | none activenot computable: dilution, distress |
| Inputs computable | 9 of 14 |
| Graded from | filings received through Feb 19, 2026232 days before the rescan; every figure keyed to the SEC receipt date |
| Last close | $105.142026-10-08; market equity $0; iex feed |
| Price used in grade | None |
| Share price, twelve months to the rescansplit-adjusted close; a lollipop at every rescan carries the letter held then; baseline ticks are SEC receipt dates of the inputs; ranges and dragging scroll the full history | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Percentile at every rescan on file, Jan 21, 2012 to Oct 9, 2026; stronger toward the top. Hover for the date. Open this report as it stood on | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Each date opens the report as it stood on that rescan. |
Business, in the company's words. Opening of Item 1 of the 10-K received Feb 19, 2026; the document on sec.gov.
As used herein, “Wayfair,” “the company,” “we,” “us,” “our” and similar terms refer to Wayfair Inc. and its subsidiaries, unless the context indicates otherwise. Wayfair is the destination for all things home. Through our e-commerce platform, we offer customers visually inspired browsing, compelling merchandising, easy product discovery and attractive prices. We are focused on bringing our customers an experience that is at the forefront of shopping for the home online. Our customers span a wide range of demographics, with annual household incomes typically ranging from $25,000 to over $250,000, and also include businesses, from small startups to global enterprises.
The Fourteen Inputs [top]
Lower percentile is stronger. Source numbers open the SEC filing; a range that spans filings opens the sources table.
| Input | Percentile, 0 to 100 | Value | Source | Peer median | Percentile | Peers | Period end |
|---|---|---|---|---|---|---|---|
| Profitability, sleeve percentile 18.9 | |||||||
| Gross profitability | 109.4% | [1,3] | 42.6% | 6.2 | 242 | 2025-12-31 | |
| Return on invested capital | not computable | 10.9% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Accruals ratio | (24.6%) | [1,4-6] | (4.9%) | 9.1 | 287 | 2025-12-31 | |
| Gross margin stability, five years | 1.1 pts | [2-3,7-14] | 1.2 pts | 41.3 | 219 | 2025-12-31 | |
| Solvency, sleeve percentile 84.0 | |||||||
| Twelve-month failure probability | not computable | 0.04% | |||||
| liabilities and a nearby cover-page share count are required at 2026-06-30 | |||||||
| Altman Z double-prime | (5.25) | [1,15-20] | 1.92 | 86.0 | 208 | 2025-12-31 | |
| Net debt to EBITDA | 5.58x | [18,21-23] | 1.84x | 94.9 | 100 | 2025-12-31 | |
| Interest coverage | 0.10x | [18,24] | 2.26x | 77.8 | 64 | 2025-12-31 | |
| Current ratio | 0.94x | [15-16] | 1.37x | 77.2 | 295 | 2025-12-31 | |
| Growth and financing, sleeve percentile 60.8 | |||||||
| Revenue growth, three-year compound | 0.6% | [2,8,10,12] | 1.5% | 54.5 | 269 | 2025-12-31 | |
| Free cash flow growth, three-year compound | not computable | 5.6% | |||||
| current FCF must be positive and base FCF must exceed $100,000 | |||||||
| Reinvestment rate | not computable | 7.3% | |||||
| pretax income must exceed the validity floor and imply a 0%-100% tax rate | |||||||
| Asset growth, three years | (1.3%) | [1,6,25-26] | 3.4% | 67.2 | 272 | 2025-12-31 | |
| Net share issuance, one year | not computable | (0.6%) | |||||
| two annual share counts are required; found 0 | |||||||
Gross profitability. Revenue less cost of goods sold, over total assets.
Accruals ratio. Net income less operating cash flow, over average assets; lower is stronger.
Gross margin stability, five years. Standard deviation of gross margin; lower is stronger.
Twelve-month failure probability. CHS model; lower is stronger.
Net debt to EBITDA. Lower is stronger.
Net share issuance, one year. Split-adjusted; lower is stronger.
Sleeves are equal-weighted; within a sleeve each computable input carries equal weight. Composite 0.094; sampling error 2.9 percentile points on 258 peers.
Among 258 Peers [top]
Composite score of every graded peer, smoothed. Vertical rules are the letter band edges at the 20th, 40th, 60th and 80th percentiles. Small dots are the six largest peers by market equity.
| Rank | Company | Percentile | Letter | Warnings |
|---|---|---|---|---|
| 153 | Autozone Inc. (AZO) Autozone Inc. (AZO) C/Don the C/D boundary; percentile 59.1 NYSE · Retail-Auto & Home Supply Stores market equity $47.5B; last close $2,910.72 No active warnings; 9 of 14 inputs | 59.1 | C/D | |
| 154 | Stitch Fix, Inc. (SFIX) Stitch Fix, Inc. (SFIX) C/Don the C/D boundary; percentile 59.5 Nasdaq · Retail-Catalog & Mail-Order Houses last close $2.73 No active warnings; 8 of 14 inputs | 59.5 | C/D | |
| 155 | Resideo Technologies, Inc. (REZI) Resideo Technologies, Inc. (REZI) C/Don the C/D boundary; percentile 59.9 NYSE · Wholesale-Hardware market equity $2.6B; last close $17.19 Warnings: short runway; 9 of 14 inputs | 59.9 | C/D | short runway |
| 156 | Albertsons Companies, Inc. (ACI) Albertsons Companies, Inc. (ACI) C/Don the C/D boundary; percentile 60.3 NYSE · Retail-Grocery Stores market equity $6.0B; last close $12.34 No active warnings; 11 of 14 inputs | 60.3 | C/D | |
| 157 | Genuine Parts Co. (GPC) Genuine Parts Co. (GPC) C/Don the C/D boundary; percentile 60.7 NYSE · Wholesale-Motor Vehicle Supplies & New Parts market equity $17.7B; last close $128.19 No active warnings; 8 of 14 inputs | 60.7 | C/D | |
| 158 | Wayfair Inc. (W) Wayfair Inc. (W) C/Don the C/D boundary; percentile 61.1 NYSE · Retail-Catalog & Mail-Order Houses last close $105.14 No active warnings; 9 of 14 inputs | 61.1 | C/D | |
| 159 | Kohls Corp. (KSS) Kohls Corp. (KSS) C/Don the C/D boundary; percentile 61.5 NYSE · Retail-Department Stores market equity $2.3B; last close $20.11 No active warnings; 7 of 14 inputs | 61.5 | C/D | |
| 160 | MGP Ingredients Inc. (MGPI) MGP Ingredients Inc. (MGPI) C/Don the C/D boundary; percentile 61.9 Nasdaq · Wholesale-Beer, Wine & Distilled Alcoholic Beverages market equity $294.3M; last close $13.76 No active warnings; 10 of 14 inputs | 61.9 | C/D | |
| 161 | Marinemax Inc. (HZO) Marinemax Inc. (HZO) C/Don the C/D boundary; percentile 62.3 NYSE · Retail-Auto & Home Supply Stores market equity $1.2B; last close $52.43 No active warnings; 13 of 14 inputs | 62.3 | C/D | |
| 162 | CarParts.com, Inc. (PRTS) CarParts.com, Inc. (PRTS) C/Don the C/D boundary; percentile 62.6 Nasdaq · Retail-Auto & Home Supply Stores market equity $69.3M; last close $8.47 No active warnings; 8 of 14 inputs | 62.6 | C/D | |
| 163 | Asbury Automotive Group Inc. (ABG) Asbury Automotive Group Inc. (ABG) Dfourth fifth; percentile 63.0 NYSE · Retail-Auto Dealers & Gasoline Stations market equity $3.0B; last close $168.19 No active warnings; 7 of 14 inputs | 63.0 | D |
| Peer policy | Letter | Percentile | Peers |
|---|---|---|---|
| all graded filers, equal sleeves | C | 54.1 | 2204 |
| sector peers, equal sleeves (the grade) | C/D | 61.1 | 258 |
| same exchange, equal sleeves | C | 57.9 | 984 |
| sector peers, equal inputs | D | 68.5 | 258 |
Each letter is one fifth of the 258 graded peers, about 51 companies. A boundary letter (A/B, B/C, C/D, D/E) marks a percentile within one sampling error of a band edge.
What the Price Implies [top]
Market measures at the 2026-10-08 close. None enters the grade. Percentile among graded peers with the same measure.
| Measure | Value | Peer median | Percentile | Reading |
|---|---|---|---|---|
| Twelve-month price change, skipping the latest month | 11.1% | (0.1%) | 62 | hotter than 62 of 100 peers |
| Distance from 52-week high | (11.7%) | (24.1%) | 77 | closer to its high than 77 of 100 peers |
| EBIT to enterprise value | not computable | 5.3% | required accounting or market input is missing | |
| Free cash flow yield | not computable | 4.2% | required accounting or market input is missing | |
| Book value to price | not computable | 0.36 | required accounting or market input is missing | |
| Sales to price | not computable | 1.75 | required accounting or market input is missing | |
| Composite equity issuance, five years | not computable | (16.7%) | required accounting or market input is missing | |
| Relative strength against the sector, log excess return | 0.13 | 0.02 | 62 | ahead of 62 of 100 peers |
Inputs: EBIT $17.0M; free cash flow $464.0M; book equity -$2.8B; sales $12.5B; debt $2.8B; cash $1.1B.
Diagnostics [top]
Diagnostics do not feed the grade.
| Piotroski F-score: None of 9, period end 2025-12-31 | ||
|---|---|---|
| Return on assets above zero | (9.0%) | ✗ fail[4,6] |
| Operating cash flow above zero | $534.0M | ✓ pass[5] |
| Return on assets improved | 5.1 pts | ✓ pass[4,6,25,27] |
| Operating cash flow exceeds net income | $847.0M | ✓ pass[4-5] |
| Long-term leverage fell | 10.6 pts | ✗ fail[1,6,25,28-29] |
| Current ratio improved | 14.8 pts | ✓ pass[15-16,30-31] |
| No new shares issued | n/a | |
| Gross margin improved | 0.1 pts | ✓ pass[2-3,7-8] |
| Asset turnover improved | 19.0 pts | ✓ pass[2,6,8,25] |
| Cash, filings, liquidity | |
|---|---|
| Cash and equivalents | $1.1B[32] |
| Operating cash flow, four quarters | $665.0M[5,32-36] |
| Months of runway | not finite |
| trailing operating cash flow is nonnegative, so runway is not finite | |
| Late filings, two years | 0 |
| NT 10-K or NT 10-Q | |
| Days since last periodic filing | 66 |
| 10-Q received Aug 4, 2026 | |
| Median daily dollar volume | $239.2M |
| 63 sessions | |
| Days since newest grade input | 232 |
Downloads [top]
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Sources [top]
Every citation on this page. Filing opens the SEC index page for that submission; viewer opens the SEC interactive data for the same filing; series opens the SEC XBRL API record for that tag and company.
| # | Concept | XBRL tag | Value | Period end | Received | Form | Links |
|---|---|---|---|---|---|---|---|
| 1 | assets | us-gaap:Assets | $3.4B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 2 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.5B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 3 | gross profit | us-gaap:GrossProfit | $3.8B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 4 | net income | us-gaap:NetIncomeLoss | -$313.0M | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 5 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $534.0M | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 6 | assets | us-gaap:Assets | $3.5B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 7 | gross profit | us-gaap:GrossProfit | $3.6B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 8 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $11.9B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 9 | gross profit | us-gaap:GrossProfit | $3.7B | 2023-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 10 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.0B | 2023-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 11 | gross profit | us-gaap:GrossProfit | $3.4B | 2022-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 12 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $12.2B | 2022-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 13 | gross profit | us-gaap:GrossProfit | $3.9B | 2021-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 14 | revenue | us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax | $13.7B | 2021-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 15 | current assets | us-gaap:AssetsCurrent | $2.0B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 16 | current liabilities | us-gaap:LiabilitiesCurrent | $2.1B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 17 | retained earnings | us-gaap:RetainedEarningsAccumulatedDeficit | -$4.8B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 18 | operating income | us-gaap:OperatingIncomeLoss | $17.0M | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 19 | book equity | us-gaap:StockholdersEquity | -$2.8B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 20 | liabilities | us-gaap:Liabilities | $6.2B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 21 | total debt | us-gaap:LongTermDebt | $3.3B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 22 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $1.5B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 23 | depreciation amortization | us-gaap:DepreciationDepletionAndAmortization | $305.0M | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 24 | interest expense | us-gaap:InterestExpense | $165.0M | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 25 | assets | us-gaap:Assets | $3.5B | 2023-12-31 | 2025-02-20 | 10-K | filing · viewer · series |
| 26 | assets | us-gaap:Assets | $3.6B | 2022-12-31 | 2024-02-22 | 10-K | filing · viewer · series |
| 27 | net income | us-gaap:NetIncomeLoss | -$492.0M | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 28 | long term debt | us-gaap:LongTermDebtNoncurrent | $3.2B | 2025-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 29 | long term debt | us-gaap:LongTermDebtNoncurrent | $2.9B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 30 | current assets | us-gaap:AssetsCurrent | $1.9B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 31 | current liabilities | us-gaap:LiabilitiesCurrent | $2.4B | 2024-12-31 | 2026-02-19 | 10-K | filing · viewer · series |
| 32 | cash | us-gaap:CashAndCashEquivalentsAtCarryingValue | $1.1B | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 33 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $308.0M | 2026-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
| 34 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | -$52.0M | 2026-03-31 | 2026-04-30 | 10-Q | filing · viewer · series |
| 35 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $332.0M | 2025-09-30 | 2025-10-28 | 10-Q | filing · viewer · series |
| 36 | operating cash flow | us-gaap:NetCashProvidedByUsedInOperatingActivities | $177.0M | 2025-06-30 | 2026-08-04 | 10-Q | filing · viewer · series |
Limitations [top]
Grade boundary. Percentile 61.1 is 1.1 points from the nearest band edge; sampling error is 2.9 points.
Peer group. Sector assignment from four-digit SIC codes, hand-tuned and published. The grade under three alternative peer policies is tabled above.
Size. Within a sector the letter tracks size. Among graded filers in the smallest asset band, 72% grade E and 0% grade A; in the largest, 13% grade E and 21% grade A. Universe as of Oct 9, 2026.
Failure model. filings 2012-01-01 to 2019-12-31 fit, filings 2020-01-01 to 2025-12-31 test; status post hoc pending confirmation. pre-registered on 2026 filings once their 12-month outcome windows close; supported if the paired per-quintile gain over the pooled model has a lower bound above 0.05.
Input validity. Revenue or total assets at or below $100,000 sets the degenerate-inputs flag. An input whose denominator is at or below $100,000 is left not computable rather than ranked.
Returns. No input on this page has a post-2015 confidence interval on returns that excludes zero. The grade ranks reported financial condition and is not a return forecast.
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