Williams-Sonoma, Inc.

WSM · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$24,431	$26,020	$12,405	$8,983	$11,712	$9,405	$5,113	$3,971	$3,737	$3,517	$3,769	$5,709	$5,270	$4,368	$3,742	$3,444	$2,084	$836	$2,937	$3,991	$4,599	$4,019	$3,713	$2,726	$2,587	$1,498	$1,774	$1,869	$1,085	$797	$382	$615	$425	$130	$193	$226	$168	$76	$63	$80	$50
Enterprise value	$24,868	$26,154	$12,534	$10,059	$12,146	$9,739	$6,303	$3,932	$3,647	$3,303	$3,575	$5,488	$4,944	$3,949	$3,247	$2,824	$1,580	$712	$2,844	$3,744	$4,272	$3,822	$3,586	$2,558	$2,544	$1,516	$1,723	$1,813	$1,078	$808	$454	$605	$414	$127	$201	$226	$178	$88	$77	$87	$50
P/E (TTM) at period end	22.45×	23.12×	13.06×	7.96×	10.40×	13.82×	14.36×	11.90×	14.40×	11.52×	12.15×	18.48×	18.90×	17.01×	15.79×	17.20×	26.90×	27.84×	15.00×	19.11×	21.40×	21.02×	23.61×	21.91×	34.45×	26.38×	26.05×	34.04×	26.27×	35.11×	152.80×	31.38×	37.91×	72.22×	120.37×	20.17×	18.70×	14.63×	19.20×	44.45×	20.85×
P/S (TTM) at period end	3.13×	3.37×	1.60×	1.04×	1.42×	1.39×	0.87×	0.70×	0.71×	0.69×	0.76×	1.21×	1.20×	1.08×	1.01×	0.98×	0.67×	0.25×	0.74×	1.07×	1.30×	1.28×	1.35×	1.15×	1.24×	0.82×	1.28×	1.69×	1.16×	0.98×	0.59×	1.16×	1.04×	0.38×	0.62×	0.79×	0.77×	0.44×	0.46×	0.80×	0.73×
P/B at period end	11.73×	12.14×	5.83×	5.28×	7.04×	5.70×	4.14×	3.44×	3.11×	2.82×	3.15×	4.66×	4.20×	3.34×	2.98×	2.74×	1.72×	0.73×	2.52×	3.47×	4.09×	4.20×	4.61×	4.23×	4.86×	3.50×	4.63×	6.19×	5.62×	5.46×	3.14×	5.20×	4.46×	1.56×	2.42×	3.02×	4.49×	2.74×	2.85×	4.30×	2.93×
EV / EBITDA (TTM)	15.10×	15.76×	8.49×	5.87×	7.36×	8.86×	9.64×	6.29×	5.73×	5.12×	5.45×	8.26×	8.21×	7.26×	6.34×	6.03×	5.78×	3.74×	6.26×	8.63×	9.63×	9.58×	10.70×	8.97×	12.73×	10.04×	11.82×	15.30×	11.02×	12.41×	19.33×	13.37×	13.02×	8.55×	16.72×	8.46×	–	–	–	–	–
EV / Sales (TTM)	3.19×	3.39×	1.62×	1.16×	1.47×	1.44×	1.07×	0.69×	0.69×	0.65×	0.72×	1.17×	1.13×	0.98×	0.87×	0.81×	0.51×	0.21×	0.72×	1.00×	1.21×	1.22×	1.30×	1.08×	1.22×	0.83×	1.24×	1.64×	1.15×	0.99×	0.70×	1.14×	1.01×	0.37×	0.64×	0.79×	0.81×	0.51×	0.56×	0.87×	0.74×
Returns
Return on equity	52.3%	52.5%	44.6%	66.3%	67.7%	41.2%	28.8%	28.9%	21.6%	24.5%	25.9%	25.2%	22.2%	19.6%	18.9%	15.9%	6.4%	2.6%	16.8%	18.1%	19.1%	20.0%	19.5%	19.3%	14.1%	13.3%	17.8%	18.2%	21.4%	15.5%	2.1%	16.6%	11.8%	2.2%	2.0%	15.0%	24.0%	18.7%	14.9%	9.7%	14.0%
Return on invested capital	42.1%	47.6%	41.1%	40.5%	53.8%	34.9%	15.0%	30.4%	23.4%	29.6%	30.9%	30.8%	30.0%	28.8%	31.2%	31.4%	11.0%	2.9%	18.1%	22.4%	26.6%	25.1%	23.1%	26.1%	16.1%	13.8%	20.2%	22.7%	23.4%	16.3%	2.7%	18.9%	14.1%	3.3%	2.4%	16.0%	22.2%	16.0%	11.7%	8.5%	14.0%
Dividend yield	1.3%	1.1%	1.9%	2.4%	1.6%	1.7%	2.9%	3.5%	3.6%	3.8%	3.4%	2.2%	2.1%	2.0%	1.8%	1.7%	2.5%	6.0%	1.7%	0.9%	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Financial health
Current ratio	1.39×	1.44×	1.45×	1.24×	1.31×	1.33×	1.09×	1.58×	1.62×	1.42×	1.34×	1.59×	1.65×	2.00×	2.23×	2.20×	2.09×	2.04×	1.72×	1.75×	1.83×	1.67×	1.55×	1.47×	1.40×	1.26×	1.90×	2.12×	1.99×	1.75×	1.32×	1.63×	1.70×	1.66×	1.62×	2.18×	1.26×	1.19×	1.26×	1.55×	2.05×
Debt / equity	–	–	–	–	–	0.18×	0.24×	0.26×	0.25×	–	–	0.00×	0.00×	0.00×	0.01×	0.01×	0.01×	0.02×	0.02×	0.02×	0.03×	0.04×	0.05×	0.04×	0.06×	0.09×	0.11×	0.17×	0.47×	0.61×	0.63×	0.06×	0.00×	0.00×	0.14×	0.12×	0.30×	0.49×	0.64×	0.44×	0.20×
Effective tax rate	25.1%	24.3%	25.4%	24.8%	22.4%	23.9%	22.1%	22.3%	42.6%	35.3%	36.5%	38.5%	38.4%	37.4%	37.9%	38.0%	35.6%	28.4%	38.1%	38.1%	38.4%	38.4%	38.5%	38.5%	38.5%	38.5%	38.5%	39.5%	41.0%	42.1%	41.9%	41.5%	42.3%	40.0%	40.7%	41.1%	40.8%	40.2%	43.1%	51.4%	44.2%
Share count
Diluted shares outstanding	123	128	131	138	153	158	158	165	172	179	184	190	198	202	213	219	215	214	223	234	237	239	238	239	231	230	236	231	220	211	200	206	204	180	213	187	171	160	147	144	160

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$8,005	$7,807	$7,712	$7,751	$8,674	$8,246	$6,783	$5,898	$5,672	$5,292	$5,084	$4,976	$4,699	$4,388	$4,043	$3,721	$3,504	$3,103	$3,361	$3,945	$3,728	$3,539	$3,137	$2,754	$2,361	$2,087	$1,829	$1,384	$1,104	$933	$812	$645	$528	$410	$345	$313	$287	$218	$174	$137	$100	$68
Cost of revenue	($4,227)	($4,204)	($4,129)	($4,447)	($4,997)	($4,614)	($4,147)	($3,759)	($3,571)	($3,361)	($3,201)	($3,132)	($2,898)	($2,684)	($2,450)	($2,261)	($2,130)	($1,999)	($2,226)	($2,409)	($2,240)	($2,103)	($1,866)	($1,644)	($1,409)	($1,293)	($1,084)	–	–	($533)	($472)	($396)	($306)	($244)	($210)	($185)	($162)	($124)	($102)	($80)	($58)	($36)
Gross profit	$3,778	$3,603	$3,582	$3,304	$3,678	$3,632	$2,636	$2,139	$2,101	$1,932	$1,883	$1,844	$1,801	$1,704	$1,592	$1,460	$1,374	$1,103	$1,135	$1,536	$1,487	$1,435	$1,271	$1,111	$952	$794	$745	–	–	$400	$340	$249	$222	$166	$134	$128	$125	$95	$72	$57	$43	$32
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,241)	($2,187)	($2,152)	($2,059)	($2,179)	($2,179)	($1,726)	($1,673)	($1,665)	($1,478)	($1,411)	($1,356)	($1,298)	($1,252)	($1,183)	($1,078)	($1,050)	($982)	($1,093)	($1,223)	($1,160)	($1,090)	($961)	($856)	($749)	($666)	($594)	($458)	($358)	($303)	($274)	($225)	($177)	($134)	($120)	($116)	($99)	($72)	($57)	($46)	($36)	($26)
Total operating expenses	($2,241)	($2,187)	($2,152)	($2,059)	($2,179)	($2,179)	($1,726)	($1,673)	($1,665)	($1,478)	($1,411)	($1,356)	($1,298)	($1,252)	($1,183)	($1,078)	($1,050)	($982)	($1,093)	($1,223)	($1,160)	($1,090)	($961)	($856)	($749)	($666)	($646)	–	–	($327)	($295)	($240)	($188)	($145)	($130)	($124)	($105)	($77)	($62)	($49)	($38)	($28)
Total costs and expenses	($6,468)	($6,391)	($6,281)	($6,506)	($7,176)	($6,793)	($5,872)	($5,432)	($5,236)	($4,839)	($4,611)	($4,487)	($4,196)	($3,936)	($3,634)	($3,339)	($3,181)	($2,981)	($3,319)	($3,632)	($3,400)	($3,194)	($2,827)	($2,500)	($2,159)	($1,959)	($1,730)	($1,275)	($1,012)	($860)	($768)	($636)	($494)	($390)	($340)	($309)	($267)	($201)	($164)	($129)	($96)	($64)
Operating income	$1,537	$1,416	$1,430	$1,244	$1,498	$1,453	$911	$466	$436	$454	$473	$489	$502	$452	$409	$382	$323	$121	$42	$313	$328	$345	$310	$255	$202	$128	$100	$109	$92	$74	$44	$9	$35	$21	$4	$4	$20	$18	$11	$7	$4	$4
Earnings
EBITDA	$1,768	$1,647	$1,660	$1,477	$1,713	$1,649	$1,099	$654	$625	$637	$646	$656	$665	$602	$544	$512	$468	$273	$190	$454	$434	$443	$399	$335	$285	$200	$151	$146	$118	$98	$65	$24	$45	$32	$15	$12	$27	–	–	–	–	–
Interest income	$38	$37	$56	$29	$2	–	–	–	–	–	–	–	–	$1	$1	$0	–	$0	$1	$5	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	–	–	–	–	–	($2)	($16)	($9)	($7)	($1)	($1)	($1)	($0)	$1	$1	$0	($0)	($1)	($1)	($2)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,575	$1,453	$1,486	$1,273	$1,501	$1,451	$894	$457	$429	$452	$472	$488	$502	$453	$410	$382	$323	$120	$42	$316	$337	$349	$310	$256	$202	$122	$92	$111	$91	$70	$39	$4	$34	$19	$3	$3	$19	$15	$9	$6	$4	$4
Income tax expense	($396)	($364)	($360)	($324)	($373)	($325)	($214)	($101)	($96)	($193)	($167)	($178)	($193)	($174)	($153)	($145)	($123)	($43)	($12)	($121)	($128)	($134)	($119)	($98)	($78)	($47)	($36)	($43)	($36)	($29)	($16)	($2)	($14)	($8)	($1)	($1)	($8)	($6)	($4)	($2)	($2)	($2)
Net income	$1,179	$1,088	$1,125	$950	$1,128	$1,126	$681	$356	$334	$260	$305	$310	$309	$279	$257	$237	$200	$77	$30	$196	$209	$215	$191	$157	$124	$75	$57	$68	$55	$41	$23	$2	$20	$11	$2	$2	$11	$9	$5	$3	$2	$2
Per share
Diluted EPS (GAAP)	$9.77	$8.84	$8.79	$7.28	$8.16	$7.38	$4.30	$2.25	$2.02	$1.51	$1.71	$1.69	$1.62	$1.41	$1.27	$1.11	$0.915	$0.36	$0.14	$0.8783	$0.8943	$0.9072	$0.8012	$0.6605	$0.5203	$0.3253	$0.2471	$0.2886	$0.2381	$0.1875	$0.1075	$0.0125	$0.095	$0.055	$0.01	$0.0075	$0.06	$0.0525	$0.0325	$0.0225	$0.0125	$0.015
Basic EPS (GAAP)	$9.90	$8.96	$8.91	$7.35	$8.29	$7.58	$4.41	$2.28	$2.05	$1.51	$1.73	$1.71	$1.65	$1.45	$1.29	$1.14	$0.935	$0.365	$0.14	$0.8957	$0.9159	$0.9292	$0.8232	$0.6801	$0.5404	$0.3338	$0.2539	$0.304	$0.2529	$0.2025	$0.1125	$0.0125	$0.0975	$0.0575	$0.01	$0.0075	$0.06	$0.0525	$0.0325	$0.0225	$0.0125	$0.015
Basic shares outstanding	119	121	126	129	136	149	155	156	163	171	177	182	187	193	199	209	214	212	211	219	228	231	232	231	230	225	224	224	217	204	202	200	201	195	180	213	187	171	160	147	144	160
Margins
Gross margin	47.2%	46.2%	46.5%	42.6%	42.4%	44.0%	38.9%	36.3%	37.0%	36.5%	37.0%	37.1%	38.3%	38.8%	39.4%	39.2%	39.2%	35.6%	33.8%	38.9%	39.9%	40.6%	40.5%	40.3%	40.3%	38.1%	40.7%	–	–	42.9%	41.8%	38.6%	42.0%	40.4%	39.0%	40.8%	43.7%	43.4%	41.6%	41.4%	42.6%	46.7%
Operating margin	19.2%	18.1%	18.5%	16.1%	17.3%	17.6%	13.4%	7.9%	7.7%	8.6%	9.3%	9.8%	10.7%	10.3%	10.1%	10.3%	9.2%	3.9%	1.3%	7.9%	8.8%	9.8%	9.9%	9.3%	8.6%	6.1%	5.4%	7.9%	8.3%	7.9%	5.4%	1.4%	6.6%	5.0%	1.3%	1.1%	7.1%	8.1%	6.1%	5.4%	4.5%	6.4%
Net margin	14.7%	13.9%	14.6%	12.3%	13.0%	13.7%	10.0%	6.0%	5.9%	4.9%	6.0%	6.2%	6.6%	6.4%	6.4%	6.4%	5.7%	2.5%	0.9%	5.0%	5.6%	6.1%	6.1%	5.7%	5.3%	3.6%	3.1%	4.9%	5.0%	4.4%	2.8%	0.4%	3.7%	2.7%	0.5%	0.5%	3.9%	4.1%	3.0%	2.4%	1.8%	3.5%

Analyst consensus

Hold56 analysts

Bearish · 6 · Hold · 32 · Bullish · 18

Earnings history

	EPS	Estimate
Q3 2024	$1.96	$1.76	Beat
Q4 2024	$3.28	$2.94	Beat
Q1 2025	$1.85	$1.76	Beat
Q2 2025	$2.00	$1.81	Beat
Q3 2025	$1.96	$1.88	Beat
Q4 2025	$3.04	$2.90	Beat
Q1 2026	$1.93	$1.81	Beat
Q2 2026	$2.10	$2.08	Beat

Peers

Company overview

IPO dateJul 7, 1983

CEOLaura J. Alber

Employees19,800

SectorConsumer Cyclical

IndustrySpecialty Retail

CountryUS

ExchangeNew York Stock Exchange

Websitewww.williams-sonomainc.com

Williams-Sonoma, Inc. (WSM) functions as a specialized, multi-channel retailer offering a diverse array of products for the home. Its flagship Williams Sonoma brand is renowned for cooking, dining, and entertaining essentials, such as cookware, culinary tools, small appliances, flatware, dinnerware, barware, outdoor furnishings, and an extensive collection of cookbooks. This brand also provides home furnishings and decorative accents. The popular Pottery Barn brand features furniture, bedding, lighting, rugs, table linens, and decorative items. Targeting younger demographics, Pottery Barn Kids offers children's accessories, while Pottery Barn Teen caters to adolescents with products ranging from organic bedding to versatile, multi-purpose furniture. Furthermore, West Elm contributes a selection of stylish home decor to the company's portfolio. Complementing these are Rejuvenation, specializing in historically inspired, made-to-order lighting, hardware, furniture, and home accents, and Mark and Graham, which provides personalized accessories for women and men, travel goods, entertaining and bar essentials, home decor, and seasonal merchandise. The company also maintains an innovative 3-D imaging and augmented reality platform for the broader home furnishings and decor sector. Williams-Sonoma distributes its products through a robust omni-channel strategy, encompassing e-commerce platforms, direct-mail catalogs, and physical retail locations. The company boasts a significant retail footprint with 544 company-owned stores, including 502 across 41 U.S. states, Washington D.C., and Puerto Rico, alongside 20 in Canada, 19 in Australia, and 3 in the United Kingdom. An additional 139 franchised stores operate internationally, and the company extends its reach through e-commerce websites in countries like those in the Middle East, the Philippines, Mexico, South Korea, and India. Established in 1956, Williams-Sonoma, Inc. is headquartered in San Francisco, California.

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