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%
Market cap
$7.9B
P/E
32.3×
Fwd P/E
23.1×
Dividend yield
—
F-score
8/9
Altman Z
5.85
Beneish M
−2.90
Dividend safety
n/a

Insider Decisions trades per month

Total sells 6.94
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 3 2 — 1 1 1 1 1 — 1 — —
Insider Ownership 45.39%

Capital & Financial Ratios $m

Market Cap 7,920.00
Revenue 13,068.70
Net Income 273.70
Free Cash Flow 568.10
Net Debt (20.50)
Current Ratio 0.84 (below 1: weak)
Debt/Equity 1.60
P/E ratio 32.29
Fwd P/E 23.10
P/S ratio 0.66
P/B ratio 23.37 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 49.05% (at or above 15%: strong)
Next Y EPS Growth 37.44% (at or above 15%: strong)
Next Y revenue growth 7.32%
Next 5Y EPS Growth 35.45% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 6.81%
10-year low 10-year high
P/S against its own 10 years 5.75%
10-year low 10-year high
P/B against its own 10 years 26.90%
10-year low 10-year high
EV/Sales against its own 10 years 7.53%
10-year low 10-year high
EV/FCF against its own 10 years 4.82%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
predictions special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1.7
1Buy 2 3Hold 4 5Sell

Ten 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
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.

All 10 years →

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%

All 42 Internet Retail stocks →

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.

Source: company filings (standardised) and stockrow calculations.

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stockrow.com/CHWY · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com