WSMWILLIAMS SONOMA INC
Retail-Home Furniture, Furnishings & Equipment Stores
- Revenue
- $7.8B
- 1.2% YoY
- Operating margin
- 18.1%
- 2.2% YoY
- EBITDA
- $1.6B
- 0.8% YoY
- Market cap
- $29.8B
- Employees
- 19,800
- $394K revenue each
- Net debt / EBITDA
- -0.6×
- −$1.0B net debt
- AI in 10-K
- 4.6
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$24M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo121% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo89% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo1% of assetsOver 40% of assets
- Shareholder dissentNo84% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$394K per employeeBottom quartile of its SIC industry
- Quiet on AINo4.6 per 10K words · 81st pctBottom quartile of AI mentions in 10-Ks
- Net cashYesNet cash · 0.6× EBITDAMore cash than debt, positive EBITDA
- Buyout-sizedNo$29.8B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingYes−$50M netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $8.2B | $8.7B | $7.8B | $7.7B | $7.8B | 1.2% |
| Operating income | $1.5B | $1.5B | $1.2B | $1.4B | $1.4B | 1.0% |
| Net income | $1.1B | $1.1B | $950M | $1.1B | $1.1B | 3.3% |
| Operating cash flow | $1.4B | $1.1B | $1.7B | $1.4B | $1.3B | 3.3% |
| Capex | $227M | $354M | $188M | $222M | $259M | 17% |
| Stock-based comp | $95M | $90M | $85M | $99M | $107M | 7.6% |
| Buybacks | $899M | $880M | $313M | $807M | $854M | 5.8% |
| Dividends | $188M | $217M | $232M | $280M | $316M | 13% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $50M · 61
- Net
- −$50M
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $33M | $56M | 349 | 164 |
| FY2025 | $28M | $132M | 355 | 161 |
| FY2024 | $24M | $65M | 173 | 115 |
| FY2023 | $17M | −$164K | 102 | 89 |
| FY2022 | $21M | $79M | 122 | 109 |