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Chewy

CHWY Consumer Cyclical Internet Retail

Chewy’s revenue for fiscal 2026 (year ended January 2026) was $12.6 billion, up 6.24% from fiscal 2025.

Revenue
+7.28%
EPS
+33.3%
Free cash flow
−15.5%

Quarter to July 2026, against a year earlier

23.42 1.37 +6.21%
Market cap
$8.9B
P/E
33.5×
Fwd P/E
27.7×
Dividend yield
—
F-score
8/9
Altman Z
5.85
Beneish M
−2.90
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Reportable Segment

Every year since 2023 →

Insider Decisions last twelve months

Sold, $m 6.40
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 1 1 1 1 1 — 1 — 1 —
Insider Ownership 45.42%

Capital & Financial Ratios $m

Size
Market Cap 8,860.00
Revenue ttm 13,068.70
Net income ttm 273.70
Free cash flow ttm 568.10
Net debt Q (20.50)
Valuation
P/E 33.47
Forward P/E 27.70
Price / sales 0.69
Forward P/S Powerpack
Price / FCF 15.80
Price / book 24.23 (above 6: high)
Financial health
Current ratio Q 0.84 (below 1: weak)
Debt / equity Q 1.60
Interest coverage Q (0.88)
Growth
Revenue growth Q +7.28% (above 0%: growing)
Operating income growth Q +31.99% (above 0%: growing)
EPS, this year +48.90% (at or above 15%: strong)
EPS, next year A +37.65% (at or above 15%: strong)
Revenue, next year A +7.32%
EPS, past 5 yrs —
EPS, next 5 yrs A +35.45% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 1.5×; over the ten years it ranged from 0.5× in 2024 to 6.4× in 2021.
P/E against its own 10 years 9.63%
10-year low 10-year high
P/S against its own 10 years 8.72%
10-year low 10-year high
P/B against its own 10 years 28.88%
10-year low 10-year high
EV/Sales against its own 10 years 9.47%
10-year low 10-year high
EV/FCF against its own 10 years 6.29%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 1,134 597 879 612
Receivables 154 169 222 232
Inventory 719 837 865 925
Other — — — —
2,104 1,662 2,036 1,845
2024 2025 2026 Q'26
Payables 1,105 1,176 1,221 1,166
ST’ Debt — — — 3
Other — — — —
2,111 2,207 2,302 2,202

Compound Annual Growth %

10y 5y 3y
Sales — 12.01% 7.59%
Cash Flow — 39.11% 25.51%
Earnings — 0.00% 64.67%
Book Value — 0.00% 45.91%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 0.36 Actual 0.36

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.30 0.32 Beat by 0.02
Q4 FY25 0.28 0.27 Miss by 0.01
Q1 FY26 0.43 0.43 Met by 0.00
Q2 FY26 0.36 0.36 Met by 0.00
Q3 FY26 0.38 — Reports 9 December 2026

EPS $

Apr Jul Oct Jan Year
’26 0.23 0.20 — — —
’26 0.15 0.14 0.14 0.09 0.52
’25 0.15 0.68 0.01 0.05 0.91
’24 0.05 0.04 (0.08) 0.07 0.09
’23 0.04 0.05 0.01 0.02 0.12
’22 0.09 (0.04) (0.08) (0.15) (0.18)
’21 (0.12) (0.08) (0.08) 0.05 (0.23)
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 3,357 3,330 — — —
’26 3,116 3,104 3,117 3,265 12,602
’25 2,878 2,859 2,878 3,247 11,861
’24 2,791 2,785 2,746 2,826 11,148
’23 2,428 2,431 2,532 2,728 10,119
’22 2,135 2,155 2,212 2,465 8,967
’21 1,621 1,700 1,782 2,043 7,146
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 109 137 — — —
’26 86 134 208 263 692
’25 82 123 184 208 596
’24 149 159 79 100 486
’23 82 49 117 101 350
’22 98 85 74 (66) 192
’21 21 (29) 63 77 133
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 71 90 — — —
’26 49 106 176 232 562
’25 53 92 152 157 453
’24 127 101 48 67 343
’23 6 1 70 42 119
’22 59 60 2 (124) (2)
’21 (22) (56) 33 47 2
Fiscal quarters ending in the months shown.

Valuation

The price implies free cash flow after share-based pay growing 12.8% a year for ten years.

Implied
12.8%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue — 2,104 3,533 4,847 7,146 8,967 10,119 11,148 11,861 12,602 13,069 +25.1% 13,524 14,438 15,351 +6.8%
Gross margin, % — 17.47 20.23 23.60 25.48 26.60 28.01 28.36 29.24 29.79 29.92 +12.3 pt
EBT — (338) (268) (252) (92) (75) 53 48 152 263 355 n/m
EBT margin, % — (16.07) (7.58) (5.21) (1.29) (0.84) 0.52 0.43 1.28 2.09 2.71 +18.2 pt
Net income — (338) (268) (252) (92) (75) 50 40 393 223 274 n/m
Per share, $
Per share, $ Revenue — 8.03 8.99 12.17 17.55 21.49 23.96 25.96 28.15 30.43 32.16 +18.1%
Earnings — (2.67) (0.68) (0.63) (0.23) (0.18) 0.12 0.09 0.93 0.54 0.66 n/m
Cash flow — (0.30) (0.03) 0.12 0.33 0.46 0.83 1.13 1.42 1.67 1.76 n/m
Capex — (0.15) (0.11) (0.12) (0.32) (0.46) (0.55) (0.33) (0.34) (0.31) (0.37) +9.3%
Free cash flow — (0.46) (0.15) (0.01) 0.00 0.00 0.28 0.80 1.07 1.36 1.40 n/m
Book value — 0.00 (0.85) (1.01) 0.00 0.04 0.38 1.19 0.62 1.20 0.91 n/m
Shares, m — 262 393 398 407 417 422 429 421 414 412 +5.9%
Valuation, ×
Valuation, × P/E — 0.00 0.00 0.00 0.00 0.00 404.85 222.75 42.37 53.57 33.47 80.4
P/S — 3.55 3.55 2.18 5.78 2.22 1.88 0.69 1.38 0.93 0.69 2.5
P/B — 0.00 0.00 0.00 0.00 1,347.97 118.74 15.00 62.82 23.61 24.23 174.2
EV/Sales — 3.58 3.58 2.18 5.75 2.20 1.86 0.63 1.38 0.91 0.69 2.5
EV/FCF — (223.45) (223.45) (5,139.02) 20,424.49 (12,880.75) 157.80 20.63 36.21 20.33 15.77 243.6
Cash, $m
Cash, $m Operating cash flow — (80) (13) 47 133 192 350 486 596 692 717 n/m
Capex — (40) (44) (49) (131) (193) (230) (143) (144) (129) (149) +15.7%
Free cash flow — (120) (58) (2) 2 (2) 119 343 453 562 568 n/m
Balance, $m
Balance, $m Working capital — (114) (365) (471) (154) (321) (303) (7) (544) (266) (357) +11.2%
Net debt — (69) (88) (212) (563) (603) (679) (1,134) (597) (879) (20) +37.4%
Shareholders’ equity — — (336) (404) (2) 15 160 510 262 498 371 n/m
Returns, %
Returns, % ROA — (444.18) (62.55) (34.24) (6.92) (3.93) 2.17 1.39 12.66 6.98 7.98 +451.2 pt
ROIC — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 58.61 0.0 pt
ROE — 227.88 127.58 68.22 45.56 (1,181.38) 57.03 11.81 101.77 58.68 71.99 (169.2) pt
People
People Employees — — 9,833 12,000 18,500 21,300 19,400 18,100 18,000 18,000 — +9.0%
Revenue/emp, $m — 0.00 0.36 0.40 0.39 0.42 0.52 0.62 0.66 0.70 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026 · fundamentals updated 25 Oct 2026

Business profile

Updated

Chewy is an online retailer of pet food, supplies, medications and other pet-health products. It sells to pet parents through its websites and mobile applications and also works with veterinarians. The company began operating in 2011, is headquartered in Dania Beach, and is led by Chief Executive Officer Sumit Singh.

Its merchandise ranges from everyday food and treats to non-perishable supplies, prescription medications and products for animals such as horses, birds and fish. Chewy carries products from other companies as well as its own private brands. Customers can place individual orders or use Autoship, which automates ordering, payment and delivery.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Reportable Segment 12,602 100.00%
Gross margin 29.79%
Operating margin 2.02%
Pre-tax margin 2.09%

Revenue by segment since 2023

Chewy vs peers in Internet Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
JD JD.com, Inc. $32.4B 16.6× 9.8× +2.54% (above 0%: growing) +27.87% (above 0%: growing) +64.77% (above 0%: growing) 17.12% 1.31% Compare
CPNG Coupang, Inc. $27.4B — (loss-making) — (loss-making) +7.50% (above 0%: growing) n/m −116.29% (below 0%: shrinking) 25.71% (4.52%) Compare
W Wayfair Inc. $15.3B — (loss-making) — (loss-making) +7.52% (above 0%: growing) n/m +28.46% (above 0%: growing) 29.95% 2.96% Compare
CART Maplebear Inc. $13.5B 30.6× 24.6× +14.11% (above 0%: growing) +6.98% (above 0%: growing) +157.22% (above 0%: growing) 72.00% 13.81% Compare
CHWY Chewy $8.9B 33.5× 27.7× +7.28% (above 0%: growing) +33.33% (above 0%: growing) −15.49% (below 0%: shrinking) 30.36% 2.76%
ETSY Etsy, Inc. $7.8B 8.4× 21.8× +10.95% (above 0%: growing) +1,132.78% (above 0%: growing) −26.05% (below 0%: shrinking) 72.66% 16.09% Compare
GLBE Global-e Online Ltd. $7.0B 45.7× 34.5× +39.15% (above 0%: growing) +366.67% (above 0%: growing) +15.22% (above 0%: growing) 44.10% 14.94% Compare
VIPS Vipshop Holdings Limited $5.2B 4.2× 4.3× +1.08% (above 0%: growing) +221.95% (above 0%: growing) +38.25% (above 0%: growing) 23.29% 6.15% Compare
PTRN Pattern Group Inc. $3.0B — (loss-making) 27.2× +46.58% (above 0%: growing) −11.11% (below 0%: shrinking) +213.65% (above 0%: growing) 43.84% 4.05% Compare
Median of peers $10.6B 16.6× 23.2× +9.24% +124.91% +33.36% 36.90% 5.10%

All 42 Internet Retail stocks →

From the latest earnings call

Updated

  • CEO Sumit Singh said the pet-market consumer backdrop had stabilized without a meaningful recovery, while CFO Christopher Deppe said treats growth slowed more than core food.
  • Deppe said timing and discrete benefits accounted for essentially all of the adjusted EBITDA outperformance, while Singh outlined AI deployments intended to lower costs.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 97.61%
Held by the ten largest 71.52%
Holder Shares Stake Change
BC Partners PE LP 176.48m 43.10% 0.00
BlackRock 22.70m 5.54% +974.46k
Vanguard 21.51m 5.25% −799.09k
CPP Investments 20.18m 4.93% +14.95m
AQR Capital Management 12.93m 3.16% −3.36m
Morgan Stanley 11.07m 2.70% +2.95m
State Street 7.61m 1.86% +432.47k
FEDERATED HERMES, INC. 7.43m 1.82% +4.31m
Two Sigma 6.65m 1.62% +436.10k
Geode Capital Management 6.28m 1.53% +358.02k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 22 May 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2026 25.72m 13.94m 28.59
2025 29.74m 80.47m 147.04
2024 35.19m 32.60m 73.10
2023 2.48m (2.55m) 173.18
2022 12.45m (85.80m) 165.79

Ownership

Directors and executive officers, together less than 1% of the votes
BC Partners Holdings Limited/Argos Holdings GP LLC 88.40% of the votes
Vanguard Capital Management less than 1% of the votes
AQR Capital Management, LLC less than 1% of the votes
BlackRock, Inc. less than 1% of the votes
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Chewy (CHWY) Latest News

27 Oct

Impact 3 · · Zacks

25 Oct

Impact 3 · · Simply Wall St.

24 Oct

Impact 3 · · Simply Wall St.

23 Oct

Impact 3 ·

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · StockStory

19 Oct

Impact 3 · · StockStory

17 Oct

Impact 3 · · Simply Wall St.

16 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks

15 Oct

Impact 3 · · Zacks

12 Oct

Impact 3 · · Insider Monkey
Impact 3 · · The Motley Fool

10 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Simply Wall St.
Impact 3 · · Simply Wall St.

9 Oct

Impact 3 · · Zacks
Impact 3 · · StockStory

1 Oct

Impact 3 · · The Motley Fool

30 Sep

Impact 3 · · Zacks

29 Sep

Impact 4 · · Zacks

26 Sep

Impact 3 ·
Impact 3 · · Simply Wall St.

25 Sep

Impact 3 · · Simply Wall St.

24 Sep

Impact 4 · · Zacks
Impact 4 · · Zacks
Impact 3 · · Zacks

20 Sep

Impact 3 · · Insider Monkey

15 Sep

Impact 4 · · MarketBeat

14 Sep

Impact 3 ·

CHWY metrics, ten years each

stockrow.com/CHWY · Data as of Oct 25, 2026 · For information only; not investment advice. · © 2026 stockrow.com