Chewy (CHWY) vs Etsy, Inc. (ETSY)

Chewy and Etsy, Inc. are both Internet Retail companies. Chewy is the larger, with a market value of $7.4B against $6.4B — 1.2× the size. Chewy trades at the lower P/E: 27.7× against 32.3×. Etsy, Inc. grew revenue faster over the last twelve months: 6.74% against 5.86%. Etsy, Inc. has the higher net margin (7.11% vs 2.09%) and the lower return on invested capital (47.1% vs 58.6%). Across the 21 metrics below, Etsy, Inc. leads on 11 and Chewy on 10.

Valuation

Metric CHWY ETSY Internet Retail median
P/E 27.68 32.28 22.73
P/S 0.57 2.20 0.64
P/B 20.04 n/m 1.65
Price to free cash flow 13.07 10.64 14.11
EV/EBITDA 15.68 16.12 15.68
EV/Sales 0.57 2.86 0.76
Earnings yield 3.61% 3.10% (0.11%)
Free cash flow yield 7.65% 9.40% 0.00%

Profitability

Metric CHWY ETSY Internet Retail median
Gross margin 29.92% 71.40% 43.51%
Operating margin 2.51% 14.31% 0.08%
Net margin 2.09% 7.11% 0.56%
Free cash flow margin 4.35% 20.86% 0.00%
Return on equity 71.99% (16.61%) 0.00%
Return on assets 7.98% 8.38% 0.00%
Return on invested capital 58.61% 47.13% 0.00%

Growth

Metric CHWY ETSY Internet Retail median
Revenue growth (TTM) 5.86% 6.74% 10.60%
EPS growth (last fiscal year) (42.86%) (40.85%) —
Revenue growth, 5-year CAGR 12.01% 10.81% 10.81%
Net income growth, 5-year CAGR 0.00% (14.14%) 0.00%

Health

Metric CHWY ETSY Internet Retail median
Debt to equity 1.60 (2.20) 0.13
Current ratio 0.84 1.48 1.49
Net debt to EBITDA (2.29) 3.96 (0.25)

Dividend

Metric CHWY ETSY Internet Retail median
Dividend yield — — —
Payout ratio 0.00 0.00 0.00

Size

Metric CHWY ETSY Internet Retail median
Market cap 7.40b 6.35b 443.85m

Compare with another peer

Any metric, up to five companies and an Excel export Powerpack