WWayfair Inc.

$104.08

Is it safe?

Can W take a bad year?

Wayfair Inc. carries $1.69B of net debt at 3.44× EBITDA: a load its earnings can carry.

$1.69B

Net debt · as at Q2 2026 · between two and four years of EBITDA, normal for a stable business

Net debt / EBITDA
3.44×

Net debt / EBITDA · 35.4× a year ago · the load is coming down

Altman Z-score
2.82

Altman Z-score · grey zone, between 1.8 and 3

Annualised volatility
74%

Annualised volatility · three times the market's own swing

Details
Total debtQ2 2026
$2.84B
Cash and short-term investments
$1.14B
Net debt
$1.69B
EBITDA, trailing twelve months
$492M
Operating profit, trailing twelve months
$215M
Total debt / EBITDA
5.76×
Annualised volatilitytwo years of daily moves
74%
Worst drawdown on file
−93%
Below its 52-week high
−13%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.