Comprehensive Stock Comparison
Compare Boqii Holding Limited (BQ) vs Chewy, Inc. (CHWY) Stock
Analyze side-by-side fundamentals, valuation, growth, and profitability to decide which stock is the better buy.
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Quick Verdict
| Category | Winner | Why |
|---|---|---|
| Growth | CHWY | 6.4% revenue growth vs BQ's -33.9% |
| Quality / Margins | CHWY | 1.2% net margin vs BQ's -11.0% |
| Stability / Safety | CHWY | Beta 0.74 vs BQ's 1.32 |
| Dividends | Tie | Neither pays a meaningful dividend |
| Momentum (1Y) | CHWY | -26.4% vs BQ's -63.3% |
| Efficiency (ROA) | CHWY | 4.8% ROA vs BQ's -14.8%, ROIC 28.0% vs -18.0% |
Who Each Stock Is For
Income & stability
Growth exposure
Long-term compounding (10Y)
Sleep-well-at-night portfolio
Defensive / Recession hedge
Business Model
What each company does and how it makes money
Boqii is a Chinese pet-focused e-commerce platform that sells food, supplies, and veterinary products to pet owners and small businesses through online and offline channels. It generates revenue primarily from direct product sales — supplemented by online marketing services and its interactive Boqii Community platform — with most income coming from pet product transactions. The company's competitive advantage lies in its integrated ecosystem combining e-commerce with community content, creating a specialized destination for China's growing pet care market.
Chewy is a pure-play online retailer of pet food, supplies, and medications in the United States. It generates revenue primarily through direct e-commerce sales of pet products — including its own private label brands — with additional income from its Autoship subscription service and pharmacy operations. The company's competitive advantage lies in its deep customer loyalty, driven by exceptional customer service and a highly convenient recurring delivery model that creates strong switching costs.
Revenue Breakdown by Segment
How each company's revenue is distributed across its business units
Financial Metrics Comparison
Side-by-side fundamentals across 2 stocks. BestLagging
Financial Scorecard
CHWY leads in 4 of 6 categories (Financial Metrics, Profitability & Efficiency). BQ leads in 1 (Valuation Metrics).
Financial Metrics (TTM)
CHWY is the larger business by revenue, generating $12.3B annually — 12.5x BQ's $984M. CHWY is the more profitable business, keeping 1.2% of every revenue dollar as net income compared to BQ's -11.0%.
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| RevenueTrailing 12 months | $984M | $12.3B |
| EBITDAEarnings before interest/tax | -$96M | $313M |
| Net IncomeAfter-tax profit | -$108M | $151M |
| Free Cash FlowCash after capex | -$1.4B | $463M |
| Gross MarginGross profit ÷ Revenue | +19.8% | +29.5% |
| Operating MarginEBIT ÷ Revenue | -11.6% | +1.3% |
| Net MarginNet income ÷ Revenue | -11.0% | +1.2% |
| FCF MarginFCF ÷ Revenue | -142.1% | +3.8% |
| Rev. Growth (YoY)Latest quarter vs prior year | — | +8.6% |
| EPS Growth (YoY)Latest quarter vs prior year | — | -79.4% |
Valuation Metrics
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| Market CapShares × price | $15M | $11.4B |
| Enterprise ValueMkt cap + debt − cash | $17M | $11.3B |
| Trailing P/EPrice ÷ TTM EPS | -0.17x | 30.13x |
| Forward P/EPrice ÷ next-FY EPS est. | — | 52.23x |
| PEG RatioP/E ÷ EPS growth rate | — | — |
| EV / EBITDAEnterprise value multiple | — | 49.63x |
| Price / SalesMarket cap ÷ Revenue | 0.22x | 0.96x |
| Price / BookPrice ÷ Book value/share | 0.04x | 45.20x |
| Price / FCFMarket cap ÷ FCF | — | 25.12x |
Profitability & Efficiency
CHWY delivers a 38.8% return on equity — every $100 of shareholder capital generates $39 in annual profit, vs $-37 for BQ. BQ carries lower financial leverage with a 0.22x debt-to-equity ratio, signaling a more conservative balance sheet compared to CHWY's 1.92x. On the Piotroski fundamental quality scale (0–9), CHWY scores 7/9 vs BQ's 3/9, reflecting strong financial health.
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| ROE (TTM)Return on equity | -37.0% | +38.8% |
| ROA (TTM)Return on assets | -14.8% | +4.8% |
| ROICReturn on invested capital | -18.0% | +28.0% |
| ROCEReturn on capital employed | -20.4% | +12.0% |
| Piotroski ScoreFundamental quality 0–9 | 3 | 7 |
| Debt / EquityFinancial leverage | 0.22x | 1.92x |
| Net DebtTotal debt minus cash | $11M | -$93M |
| Cash & Equiv.Liquid assets | $39M | $596M |
| Total DebtShort + long-term debt | $50M | $502M |
| Interest CoverageEBIT ÷ Interest expense | -4.26x | 35.37x |
Total Returns (with DRIP)
A $10,000 investment in CHWY five years ago would be worth $2,616 today (with dividends reinvested), compared to $8 for BQ. Over the past 12 months, CHWY leads with a -26.4% total return vs BQ's -63.3%. The 3-year compound annual growth rate (CAGR) favors CHWY at -12.2% vs BQ's -70.2% — a key indicator of consistent wealth creation.
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| YTD ReturnYear-to-date | -43.6% | -18.1% |
| 1-Year ReturnPast 12 months | -63.3% | -26.4% |
| 3-Year ReturnCumulative with dividends | -97.3% | -32.4% |
| 5-Year ReturnCumulative with dividends | -99.9% | -73.8% |
| 10-Year ReturnCumulative with dividends | -99.9% | -21.6% |
| CAGR (3Y)Annualised 3-year return | -70.2% | -12.2% |
Risk & Volatility
CHWY is the less volatile stock with a 0.74 beta — it tends to amplify market swings less than BQ's 1.32 beta. A beta below 1.0 means the stock typically moves less than the S&P 500. CHWY currently trades 56.4% from its 52-week high vs BQ's 2.0% drawdown — a narrower gap to the peak suggests stronger recent price momentum.
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| Beta (5Y)Sensitivity to S&P 500 | 1.32x | 0.74x |
| 52-Week HighHighest price in past year | $56.10 | $48.62 |
| 52-Week LowLowest price in past year | $1.09 | $23.52 |
| % of 52W HighCurrent price vs 52-week peak | +2.0% | +56.4% |
| RSI (14)Momentum oscillator 0–100 | 33.9 | 47.3 |
| Avg Volume (50D)Average daily shares traded | 120K | 6.4M |
Analyst Outlook
| Metric | BQBoqii Holding Lim… | CHWYChewy, Inc. |
|---|---|---|
| Analyst RatingConsensus buy/hold/sell | — | Buy |
| Price TargetConsensus 12-month target | — | $46.11 |
| # AnalystsCovering analysts | — | 37 |
| Dividend YieldAnnual dividend ÷ price | — | — |
| Dividend StreakConsecutive years of raises | — | — |
| Dividend / ShareAnnual DPS | — | — |
| Buyback YieldShare repurchases ÷ mkt cap | 0.0% | +8.3% |
Historical Charts
Charts are rendered on first load. Hover for details.
Chart 1Total Return — 5 Years (Rebased to 100)
| Stock | Sep 20 | Feb 26 | Change |
|---|---|---|---|
| Boqii Holding Limit… (BQ) | 100 | 0.1 | -99.9% |
| Chewy, Inc. (CHWY) | 100 | 48.18 | -51.8% |
Chewy, Inc. (CHWY) returned -74% over 5 years vs Boqii Holding Limit… (BQ)'s -100%.
Chart 2Revenue Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Boqii Holding Limit… (BQ) | $804M | $469M | -41.7% |
| Chewy, Inc. (CHWY) | $901M | $11.9B | +1217.1% |
Chart 3Net Margin Trend — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Boqii Holding Limit… (BQ) | -29.1% | -11.5% | +60.4% |
| Chewy, Inc. (CHWY) | -11.9% | 3.3% | +127.8% |
Chart 4P/E Ratio History — 3 Years
| Stock | 2022 | 2024 | Change |
|---|---|---|---|
| Chewy, Inc. (CHWY) | 309 | 36.8 | -88.1% |
Chewy, Inc. has traded in a 37x–309x P/E range over 3 years; current trailing P/E is ~30x.
Chart 5EPS Growth — 10 Years
| Stock | 2016 | 2025 | Change |
|---|---|---|---|
| Boqii Holding Limit… (BQ) | -2,054.25 | -44.85 | +97.8% |
| Chewy, Inc. (CHWY) | -0.27 | 0.91 | +437.0% |
Chart 6Free Cash Flow — 5 Years
Boqii Holding Limited generated $-70M FCF in 2025 (+72% vs 2021). Chewy, Inc. generated $452M FCF in 2024 (+5190% vs 2021).
BQ vs CHWY: Frequently Asked Questions
7 questions · data-driven answers · updated daily
01Is BQ or CHWY a better buy right now?
Chewy, Inc. (CHWY) offers the better valuation at 30.1x trailing P/E (52.2x forward), making it the more compelling value choice. Analysts rate Chewy, Inc. (CHWY) a "Buy" — based on 37 analyst ratings — the highest consensus in this comparison. The "better buy" depends entirely on your goals: growth investors should weight revenue trajectory, value investors should weight P/E and PEG, and income investors should weight dividend yield and streak.
02Which is the better long-term investment — BQ or CHWY?
Over the past 5 years, Chewy, Inc. (CHWY) delivered a total return of -73.8%, compared to -99.9% for Boqii Holding Limited (BQ). A $10,000 investment in CHWY five years ago would be worth approximately $3K today (assuming dividends reinvested). Over 10 years, the gap is even starker: CHWY returned -21.6% versus BQ's -99.9%. Past returns do not guarantee future results, and the stock with the higher historical return may already have its best growth priced in.
03Which is safer — BQ or CHWY?
By beta (market sensitivity over 5 years), Chewy, Inc. (CHWY) is the lower-risk stock at 0.74β versus Boqii Holding Limited's 1.32β — meaning BQ is approximately 78% more volatile than CHWY relative to the S&P 500. On balance sheet safety, Boqii Holding Limited (BQ) carries a lower debt/equity ratio of 22% versus 192% for Chewy, Inc. — giving it more financial flexibility in a downturn.
04Which has better profit margins — BQ or CHWY?
Chewy, Inc. (CHWY) is the more profitable company, earning 3.3% net margin versus -11.5% for Boqii Holding Limited — meaning it keeps 3.3% of every revenue dollar as bottom-line profit. Operating margin tells a similar story: CHWY leads at 0.9% versus -12.7% for BQ. At the gross margin level — before operating expenses — CHWY leads at 29.2%, reflecting greater pricing power or product mix advantage. Stronger margins indicate durable pricing power, lower cost of revenue, or higher mix of software/services. They are one of the clearest signs of business quality.
05Which pays a better dividend — BQ or CHWY?
None of the stocks in this comparison currently pay a material dividend. All are effectively zero-yield and should be held for capital appreciation rather than income.
06Is BQ or CHWY better for a retirement portfolio?
For long-horizon retirement investors, Chewy, Inc. (CHWY) is the stronger choice — it scores higher on the combination of lower volatility, dividend reliability, and long-term compounding (low volatility (β 0.74)). Both have compounded well over 10 years (CHWY: -21.6%, BQ: -99.9%), confirming both are viable long-term holds — but the lower-volatility option typically results in less emotional selling during corrections. Retirement portfolios generally favour predictability over maximum returns. Consult a financial advisor before making allocation decisions.
07What are the main differences between BQ and CHWY?
Both stocks operate in the Consumer Cyclical sector, making this a peer-level intra-sector comparison — the same macro tailwinds and headwinds will affect both. These fundamental differences mean investors should not choose between them on a single metric — the "better stock" depends entirely on which of these characteristics aligns with your investment strategy.
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