Chewy, Inc. (CHWY) Stock Analysis
Consumer Cyclical · Internet Retail · NYSE
Chewy, Inc. (CHWY) posted $12.60B in revenue for fiscal 2026 (up 6.2% year over year), at a 1.8% net margin, and has compounded revenue about 12.0%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Chewy, Inc.
Chewy, Inc. has grown revenue from $2.10B to $12.60B over the last 9 fiscal years, compounding about 12% a year. The most recent year was up 6.2%, so growth has cooled from its longer-run pace.
Net margin sits at 1.8%, down 1.5 points year over year on a 29.8% gross margin.
At today's valuation the market is pricing in roughly 3.4% annual free-cash-flow growth — versus the 208.5% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is receivables growing faster than sales.
Synthesised from Chewy, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Chewy, Inc. revenue & earnings — last 9 fiscal years
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.10B | $3.53B | $4.85B | $7.15B | $8.97B | $10.10B | $11.15B | $11.86B | $12.60B |
| Gross profit | $367.55M | $714.80M | $1.14B | $1.82B | $2.39B | $2.83B | $3.16B | $3.47B | $3.75B |
| Net income | $-338.06M | $-267.89M | $-252.37M | $-92.49M | $-75.21M | $49.23M | $39.58M | $392.74M | $222.80M |
| Net margin | -16.1% | -7.6% | -5.2% | -1.3% | -0.8% | 0.5% | 0.4% | 3.3% | 1.8% |
Source: Chewy, Inc. SEC filings (10-K).
Chewy, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Receivables growing faster than salesAccounts receivable rose 31.5% while revenue rose 6.2% in the latest year — a gap that can signal looser credit terms or pulled-forward sales. Worth checking days-sales-outstanding.
What growth is priced into CHWY stock?
At today's market cap of $8.18B, Chewy, Inc. is priced for free-cash-flow growth of about 3.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $562.40M from the FY ending 2026-01-31). For comparison, free cash flow actually grew 208.5%/yr over the last five fiscal years and revenue 12%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 9 years of Chewy, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Chewy, Inc. financial history by metric
Compare Chewy, Inc. with peers
About Chewy, Inc.
Chewy, Inc., together with its subsidiaries, engages in the e-commerce business in the United States. It offers pet food and treats, pet supplies and pet medications, and other pet-health products, as well as pet services. The company serves its customer through its retail websites and mobile applications, including Autoship subscription program. Chewy, Inc. was founded in 2010 and is based in Plantation, Florida.
Chewy, Inc. — frequently asked questions
What is Chewy, Inc.'s revenue?
Chewy, Inc. (CHWY) reported revenue of $12.60B for fiscal year 2026, up 6.2% from the prior year, according to its SEC filings.
Is Chewy, Inc. profitable?
Yes. CHWY earned net income of $222.80M in fiscal 2026, a net margin of 1.8%.
What is CHWY's P/E ratio?
Chewy, Inc. trades at a price-to-earnings ratio of about 38.5 based on the latest data in our nightly-refreshed cache.
How fast is Chewy, Inc. growing?
CHWY's revenue grew at roughly 12.0% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Chewy, Inc. have?
As of fiscal year 2026, CHWY carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Chewy, Inc.'s gross margin?
CHWY's gross margin was 29.8% in fiscal 2026 — gross profit of $3.75B on revenue of $12.60B.
What is Chewy, Inc.'s market cap?
Chewy, Inc. (CHWY) has a market capitalization of about $8.18B, based on the latest data in our nightly-refreshed cache.
When does Chewy, Inc.'s fiscal year end?
CHWY's fiscal year ends in January. Its most recent annual filing covers the fiscal year ending 2026-01-31.
What growth is priced into CHWY stock?
At today's market cap of $8.18B, Chewy, Inc. is priced for free-cash-flow growth of about 3.4% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $562.40M from the FY ending 2026-01-31). For comparison, free cash flow actually grew 208.5%/yr over the last five fiscal years and revenue 12%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Chewy, Inc.'s official SEC filings (10-K and 10-Q), covering 9 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.