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Etsy vs TIC Solutions: ETSY and TIC compared
Etsy is the larger company: $692M of revenue in its latest quarter (Q3 2026) against $640M for TIC Solutions (Q3 2026). TIC Solutions is growing faster (+35% against +11% a year earlier). Etsy is more profitable, with an operating margin of 16.1% against 2.5%.
Where the money goes: ETSY and TIC
Etsy (ETSY) · Q3 2026
Etsy, Q3 2026: revenue $692M (+11% year over year), operating margin 16.1%, net earnings $854M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
TIC Solutions (TIC) · Q3 2026
TIC Solutions, Q3 2026: revenue $640M (+35% year over year), operating margin 2.5%, net loss $11.1M, operating cash flow $36.5M. The chart follows the revenue to costs, profit and cash.
| Etsy (ETSY) | TIC Solutions (TIC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q3 2026 |
| Revenue | $692M | $640M |
| Revenue growth, Y/Y | +11% | +35% |
| Gross margin | 72.7% | — |
| Operating margin | 16.1% | 2.5% |
| Net earnings | $854M | −$11.1M |
| Net margin | 123.3% | -1.7% |
| Operating cash flow | $160M | $36.5M |
| Free cash flow | $158M | $22.3M |
| Market value | $10.5B | $2.3B |
| P/E | 10.5× | — |
| Analysts’ mean target | $98.48 | $12.14 |
Where the revenue comes from
Etsy
- Marketplace revenue: $468M (68%)
- Services revenue: $224M (32%)
Questions
Which is bigger, Etsy or TIC Solutions?
Etsy is the larger company: $692M of revenue in its latest quarter (Q3 2026) against $640M for TIC Solutions (Q3 2026).
Is Etsy or TIC Solutions growing faster?
TIC Solutions is growing faster (+35% against +11% a year earlier).
Which is more profitable, Etsy or TIC Solutions?
Etsy is more profitable, with an operating margin of 16.1% against 2.5%.
More: Etsy earnings · how Etsy makes money · TIC Solutions earnings · how TIC Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 28, 2026; 10-Q filed Nov 5, 2026). Fiscal quarters can end on different dates. Not investment advice.