Thursday 15 October 2026
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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. In the quarter to July 2026, revenue grew 7.28%, EPS grew 33.3% and free cash flow fell 15.5%, each against the same quarter a year earlier. Revenue growth for ten consecutive years, operating cash flow growth for five.
21.31
0.48
+2.30%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to January
| Group | Line | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Trend | 2027e | 2028e | 2029e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | 21.68 | 20.62 | 50.05 | 22.22 | 16.53 | 14.69 | 29.83 | 17.40 |
Analyst estimates 2027–2029 Powerpack |
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| High | — | — | 41.34 | 109.73 | 120.00 | 60.51 | 52.88 | 39.10 | 48.62 | 34.85 | |||||
| People | |||||||||||||||
| People | Employees | — | — | 9,833 | 12,000 | 18,500 | 21,300 | 19,400 | 18,100 | 18,000 | 18,000 | ||||
| Revenue/emp, $m | — | 0.00 | 0.36 | 0.40 | 0.39 | 0.42 | 0.52 | 0.62 | 0.66 | 0.70 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | 2,104 | 3,533 | 4,847 | 7,146 | 8,967 | 10,119 | 11,148 | 11,861 | 12,602 | ||||
| Gross margin, % | — | 17.47 | 20.23 | 23.60 | 25.48 | 26.60 | 28.01 | 28.36 | 29.24 | 29.79 | |||||
| EBT | — | (338) | (268) | (252) | (92) | (75) | 53 | 48 | 152 | 263 | |||||
| EBT margin, % | — | (16.07) | (7.58) | (5.21) | (1.29) | (0.84) | 0.52 | 0.43 | 1.28 | 2.09 | |||||
| Net income | — | (338) | (268) | (252) | (92) | (75) | 50 | 40 | 393 | 223 | |||||
| Depreciation | — | 19 | 33 | 31 | 36 | 55 | 83 | 110 | 115 | 129 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | 8.03 | 8.99 | 12.17 | 17.55 | 21.49 | 23.96 | 25.96 | 28.15 | 30.43 | ||||
| Earnings | — | (1.29) | (0.68) | (0.63) | (0.23) | (0.18) | 0.12 | 0.09 | 0.93 | 0.54 | |||||
| Cash flow | — | (0.30) | (0.03) | 0.12 | 0.33 | 0.46 | 0.83 | 1.13 | 1.42 | 1.67 | |||||
| Capex | — | (0.15) | (0.11) | (0.12) | (0.32) | (0.46) | (0.55) | (0.33) | (0.34) | (0.31) | |||||
| Free cash flow | — | (0.46) | (0.15) | (0.01) | 0.00 | 0.00 | 0.28 | 0.80 | 1.07 | 1.36 | |||||
| Book value | — | 0.00 | (0.85) | (1.01) | 0.00 | 0.04 | 0.38 | 1.19 | 0.62 | 1.20 | |||||
| Shares, m | — | 262 | 393 | 398 | 407 | 417 | 422 | 429 | 421 | 414 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 404.85 | 222.75 | 42.37 | 53.57 | ||||
| P/S | — | 3.55 | 3.55 | 2.18 | 5.78 | 2.22 | 1.88 | 0.69 | 1.38 | 0.93 | |||||
| P/B | — | 0.00 | 0.00 | 0.00 | 0.00 | 1,347.97 | 118.74 | 15.00 | 62.82 | 23.61 | |||||
| EV/Sales | — | 3.58 | 3.58 | 2.18 | 5.75 | 2.20 | 1.86 | 0.63 | 1.38 | 0.91 | |||||
| EV/FCF | — | (223.45) | (223.45) | (5,139.02) | 20,424.49 | (12,880.75) | 157.80 | 20.63 | 36.21 | 20.33 | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | (80) | (13) | 47 | 133 | 192 | 350 | 486 | 596 | 692 | ||||
| Capex | — | (40) | (44) | (49) | (131) | (193) | (230) | (143) | (144) | (129) | |||||
| Free cash flow | — | (120) | (58) | (2) | 2 | (2) | 119 | 343 | 453 | 562 | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | (114) | (365) | (471) | (154) | (321) | (303) | (7) | (544) | (266) | ||||
| Total debt | — | — | — | 215 | 347 | 434 | 500 | — | — | — | |||||
| Net debt | — | (69) | (88) | (212) | (563) | (603) | (679) | (1,134) | (597) | (879) | |||||
| Shareholders’ equity | — | — | (336) | (404) | (2) | 15 | 160 | 510 | 262 | 498 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | (444.18) | (62.55) | (34.24) | (6.92) | (3.93) | 2.17 | 1.39 | 12.66 | 6.98 | ||||
| ROIC | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
| ROE | — | 227.88 | 127.58 | 68.22 | 45.56 | (1,181.38) | 57.03 | 11.81 | 101.77 | 58.68 | |||||
Negative figures in brackets.
Fiscal years to Jan 2026 · latest quarter Jul 2026
Charts ten years each
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. | $32.2B | 17.1× | 10.9× | +2.54% (above 0%: growing) | +27.87% (above 0%: growing) | +64.77% (above 0%: growing) | 17.12% | 1.31% | Compare |
| CPNG Coupang, Inc. | $27.2B | — (loss-making) | — (loss-making) | +3.89% (above 0%: growing) | n/m | −79.35% (below 0%: shrinking) | 28.16% | (6.28%) | Compare |
| W Wayfair Inc. | $14.4B | — (loss-making) | — (loss-making) | +7.52% (above 0%: growing) | n/m | +28.46% (above 0%: growing) | 29.95% | 2.96% | Compare |
| CART Maplebear Inc. | $11.5B | 26.0× | 17.0× | +14.11% (above 0%: growing) | +6.98% (above 0%: growing) | +157.22% (above 0%: growing) | 72.00% | 13.81% | Compare |
| CHWY Chewy | $7.9B | 31.6× | 23.1× | +7.28% (above 0%: growing) | +33.33% (above 0%: growing) | −15.49% (below 0%: shrinking) | 30.36% | 2.76% | |
| ETSY Etsy, Inc. | $7.3B | 38.9× | 18.9× | +6.23% (above 0%: growing) | n/m | −64.33% (below 0%: shrinking) | 72.43% | 18.74% | Compare |
| GLBE Global-e Online Ltd. | $6.6B | 42.2× | 28.3× | +39.15% (above 0%: growing) | +366.67% (above 0%: growing) | +15.22% (above 0%: growing) | 44.10% | 14.94% | Compare |
| VIPS Vipshop Holdings Limited | $5.1B | 4.1× | 5.1× | +1.08% (above 0%: growing) | +221.95% (above 0%: growing) | +38.25% (above 0%: growing) | 23.29% | 6.15% | Compare |
| OZON Ozon Holdings PLC Sponsored ADR | $2.4B | — (loss-making) | — (loss-making) | +31.09% (above 0%: growing) | n/m | +116.83% (above 0%: growing) | 10.69% | (9.16%) | Compare |
| Median of peers | $9.4B | 26.0× | 17.0× | +6.88% | +124.91% | +33.36% | 29.06% | 4.56% |
Chewy (CHWY) key facts
- Strength: Chewy’s revenue for fiscal 2026 (year ended January 2026) was $12.6 billion, up 6.24% from fiscal 2025.
- Chewy (CHWY) is an Internet Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
- As of October 15, 2026, CHWY traded at $21.31, a market capitalization of $7.9 billion.
- Return on equity was 58.7% and debt-to-equity 1.60.
- Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 5.85 (safe zone) for fiscal 2026.