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Online pet products retailer known for autoship subscriptions and a pet pharmacy/telehealth business.
Online pet products retailer known for autoship subscriptions and a pet pharmacy/telehealth business.
Most sales come from repeat Autoship orders, scheduled automatically at a small discount, which turns pet food and supplies into predictable purchases, while prescriptions, insurance and vet clinics deepen customer spend. Advertising from pet brands and a paid membership programme bring margin beyond the product mark-up.
Moat: narrow (switching costs, brand, installed base). Autoship subscriptions and customer-service reputation create recurring, sticky purchasing habits.
Headquarters: Plantation, Florida, US · Founded: 2011 · Employees: 18,000
Size Chewy (CHWY) is a United States Consumer Discretionary company (Internet Retail) with a market value of $9.07B, the 824th largest of 3,117 United States companies the cockpit tracks. Shares closed at $22.56 on 6 Nov 2026.
Performance Over six months the shares fell 1.8%, against +7.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th lowest of 13 in its peer set.
Growth Revenue grew 5.9% over the last twelve months (peer median +11.1%); the operating margin is 2.8% (peer median 10.5%).
Valuation It trades at 24.1× forward earnings against a peer median of 19.6× (4th most expensive of 11).
Price implies For today's price to make sense, revenue must grow about 17% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is +5 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 20.0 points above its cost of capital (10.8% WACC).
Short interest Short interest is 13.0% of the free float (15 Oct 2026).
Next results Next results expected around 3 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $13.1B | $12.6B | $11.9B | $11.1B | $10.1B |
| Revenue growth | — | +6% | +6% | +10% | — |
| Gross profit | $3.77B | $3.62B | $3.36B | $3.06B | $2.75B |
| EBITDA | $503M | $403M | $225M | $115M | $144M |
| Net income | $274M | $223M | $393M | $39.6M | $49.9M |
| Free cash flow | $568M | $562M | $452M | $343M | $119M |
| Capital expenditure | $149M | $129M | $144M | $143M | $230M |
| Total debt | $1.16B | $557M | $536M | $557M | $499M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Chewy CHWY | $9.07B | -2% | +6% | 3% | 24.1× | 16.8% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Petco Health & Wellness WOOF | $848M | +5% | -1% | 3% | 12.5× | 6.6% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | CHWY | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +19.3% | +4.6% | 3rd highest of 13 |
| 6-month return | -1.8% | +7.8% | 6th lowest of 13 |
| Distance from 52-week high | -39.6% | -15.6% | 4th lowest of 13 |
| Revenue growth (TTM) | +5.9% | +11.1% | 3rd lowest of 13 |
| Operating margin | 2.8% | 10.5% | 3rd lowest of 13 |
| Forward P/E | 24.1× | 19.6× | 4th most expensive of 11 |
| Growth the price implies (Req g, 7 yrs) | 16.8% | 3.4% | 2nd most demanding of 9 |
| Growth delivered (Del g) | +12.0% | +10.0% | 2nd highest of 9 |
| Hurdle (Req g minus delivered) | +4.7 pp | -11.5 pp | most demanding of 9 |
| ROIC minus cost of capital | +20.0 pp | +3.0 pp | 4th highest of 12 |
| Net debt / EBITDA | 1.1× | 0.1× | 4th most indebted of 10 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chewy CHWY | United States | $9.07B | -2% | +6% | 3% | 24.1× | 16.8% | +12.0% |
| Rakuten 4755.T | Japan | $8.59B | -18% | +11% | 6% | n/a | -2.0% | +11.4% |
| Etsy ETSY | United States | $7.75B | +40% | +1% | 18% | 19.7× | 12.8% | +10.8% |
| FSN E-Commerce Ventures NYKAA.NS | India | $10.7B | +31% | +28% | 5% | 209.2× | n/a | n/a |
| Zalando ZAL.DE | Germany | $7.64B | +42% | +18% | 4% | 19.6× | 7.6% | +9.1% |
| Global-e Online GLBE | United States | $7.22B | +44% | +31% | 14% | 30.9× | 23.4% | +47.8% |
| Vipshop Holdings Ltd Sponsored ADR VIPS | United States | $6.55B | -4% | +2% | 7% | 5.4× | -20.3% | 0.0% |
| Zozo 3092.T | Japan | $6.41B | +8% | +6% | 30% | 19.6× | -5.0% | +9.2% |
| USS 4732.T | Japan | $5.34B | +8% | +11% | 52% | 18.7× | -0.8% | +8.7% |
| Mercari 4385.T | Japan | $3.76B | -5% | +19% | 19% | 15.6× | n/a | n/a |
| Xingyun Technology 300209.SZ | China | $3.15B | +30% | +978% | 23% | n/a | n/a | n/a |
| Coupang CPNG | United States | $29.2B | -4% | +7% | -3% | 55.9× | n/a | n/a |
| Jd-sw 9618.HK | Hong Kong | $34.8B | -5% | +8% | 0% | 9.2× | 14.4% | +11.1% |