Chewy, Inc. (CHWY) Financial Ratios
9 years of historical data (2016–2024) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↓
42.76
↓-57% vs avg
5yr avg: 100.32
30Y Low73.6·High88.6
P/FCF
↓
21.67
↓-100% vs avg
5yr avg: 4630.51
30Y Low22.5·High161.6
P/B Ratio
↓
38.99
↓-90% vs avg
5yr avg: 386.89
30Y Low15.1·High120.3
ROE
↑
101.8%
↓+140% vs avg
5yr avg: -252.7%
30Y Low-156%·High102%
Debt/EBITDA
↓
2.21
↓-43% vs avg
5yr avg: 3.91
30Y Low2.2·High6.1
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
CHWY Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Chewy, Inc. trades at 26.0x earnings, 87% below its 5-year average of 204.3x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 19.4x, the stock trades at a premium of 34%. On a free-cash-flow basis, the stock trades at 21.7x P/FCF, 100% below the 5-year average of 4630.5x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $9.8B | $16.8B | $7.7B | $19.3B | $19.9B | $41.5B | $10.6B | — | — | — |
| Enterprise Value | $9.7B | $16.7B | $7.6B | $19.4B | $19.7B | $41.2B | $10.6B | — | — | — |
| P/E Ratio → | 25.99 | 42.84 | 194.54 | 375.50 | — | — | — | — | — | — |
| P/S Ratio | 0.83 | 1.42 | 0.69 | 1.90 | 2.22 | 5.80 | 2.20 | — | — | — |
| P/B Ratio | 38.99 | 64.25 | 15.09 | 120.27 | 1347.96 | — | — | — | — | — |
| P/FCF | 21.67 | 37.13 | 22.45 | 161.59 | 2322.43 | 20608.93 | — | — | — | — |
| P/OCF | 16.44 | 28.17 | 15.83 | 55.14 | 103.60 | 312.34 | 228.42 | — | — | — |
P/E links to full P/E history page with 30-year chart
CHWY EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Chewy, Inc.'s enterprise value stands at 42.8x EBITDA, 57% below its 5-year average of 100.3x. The Consumer Cyclical sector median is 11.4x, placing the stock at a 276% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.41 | 0.68 | 1.92 | 2.19 | 5.77 | 2.19 | — | — | — |
| EV / EBITDA | 42.76 | 73.55 | 88.59 | 138.82 | — | — | — | — | — | — |
| EV / EBIT | 86.26 | 106.27 | 147.16 | 352.24 | — | — | — | — | — | — |
| EV / FCF | — | 36.92 | 22.23 | 162.77 | 2299.88 | 20492.08 | — | — | — | — |
CHWY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Chewy, Inc. earns an operating margin of 0.9%, roughly in line with the Consumer Cyclical sector average. Return on equity of 101.8% is exceptionally high, though this is partly amplified by negative book value driven by aggressive share buybacks — well above the sector median of 5.7%. ROIC of 28.0% represents excellent returns on invested capital versus a sector median of 5.8%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.2% | 29.2% | 28.4% | 28.0% | 26.6% | 25.5% | 23.6% | 20.2% | 17.5% | 16.6% |
| Operating Margin | 0.9% | 0.9% | -0.2% | 0.6% | -0.8% | -1.3% | -5.2% | -7.6% | -16.1% | -11.9% |
| Net Profit Margin | 3.3% | 3.3% | 0.4% | 0.5% | -0.8% | -1.3% | -5.2% | -7.6% | -16.1% | -11.9% |
Return on Capital
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 101.8% | 101.8% | 11.8% | 57.0% | -1181.4% | — | — | — | — | -155.7% |
| ROA | 12.7% | 12.7% | 1.4% | 2.2% | -3.9% | -6.9% | -34.2% | -51.3% | -82.7% | -34.0% |
| ROIC | 28.0% | 28.0% | -4.8% | 69.2% | — | — | — | — | — | — |
| ROCE | 12.0% | 12.0% | -2.7% | 10.0% | -18.4% | -94.3% | — | — | -2196.2% | -144.6% |
CHWY Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Chewy, Inc. carries a Debt/EBITDA ratio of 2.2x, which is manageable (50% below the sector average of 4.4x). The company holds a net cash position — cash of $596M exceeds total debt of $502M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 20.4x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.92 | 1.92 | 1.03 | 2.94 | 27.83 | — | — | — | — | — |
| Debt / EBITDA | 2.21 | 2.21 | 6.13 | 3.37 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.36 | -0.15 | 0.87 | -13.09 | — | — | — | — | -2.44 |
| Net Debt / EBITDA | -0.41 | -0.41 | -0.86 | 1.00 | — | — | — | — | — | — |
| Debt / FCF | — | -0.21 | -0.22 | 1.18 | -22.55 | -116.86 | — | — | — | — |
| Interest Coverage | 20.40 | 20.40 | -6.60 | 21.91 | -44.88 | -44.74 | — | -1479.37 | -607.65 | -362.93 |
Net cash position: cash ($596M) exceeds total debt ($502M)
CHWY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.75x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.37x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 0.83x to 0.75x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.75 | 0.75 | 1.00 | 0.83 | 0.80 | 0.89 | 0.57 | 0.55 | 0.79 | 1.16 |
| Quick Ratio | 0.37 | 0.37 | 0.66 | 0.46 | 0.46 | 0.52 | 0.28 | 0.28 | 0.49 | 0.78 |
| Cash Ratio | 0.27 | 0.27 | 0.54 | 0.37 | 0.37 | 0.41 | 0.19 | 0.11 | 0.13 | 0.70 |
| Asset Turnover | — | 3.93 | 3.50 | 4.02 | 4.30 | 4.10 | 5.20 | 6.52 | 4.18 | 2.86 |
| Inventory Turnover | 10.03 | 10.03 | 11.10 | 10.74 | 11.74 | 10.37 | 11.65 | 12.76 | 10.46 | 8.16 |
| Days Sales Outstanding | — | 5.20 | 5.04 | 4.58 | 5.03 | 5.14 | 6.11 | 13.17 | 33.31 | 6.35 |
CHWY Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Chewy, Inc. returns 9.6% to shareholders annually primarily through share buybacks. The earnings yield of 3.8% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 3.8% | 2.3% | 0.5% | 0.3% | — | — | — | — | — | — |
| FCF Yield | 4.6% | 2.7% | 4.5% | 0.6% | 0.0% | 0.0% | — | — | — | — |
| Buyback Yield | 9.6% | 5.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 9.6% | 5.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $431M | $432M | $428M | $417M | $407M | $401M | $396M | $396M | $396M |
Peer Comparison
Compare CHWY with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 CHWYYou | $10B | 26.0 | 42.8 | 21.7 | 29.2% | 0.9% | 101.8% | 28.0% | 2.2 |
 WOOF | $752M | 86.8 | 5.9 | 2.4 | 38.7% | 2.0% | 0.8% | 2.9% | 4.3 |
 BARK | $81M | -2.5 | — | — | 62.4% | -7.3% | -27.5% | -27.4% | — |
 PETS | $48M | -7.7 | -1.0 | — | 30.5% | -0.7% | -6.9% | -3.1% | 0.2 |
 FRPT | $3B | 21.2 | 16.6 | 221.4 | 38.6% | 8.6% | 12.3% | 5.3% | 3.1 |
 AMZN | $2.9T | 37.8 | 20.5 | 379.0 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 WMT | $1.0T | 47.7 | 24.8 | 25.0 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
 TGT | $57B | 15.5 | 7.3 | 20.2 | 27.9% | 4.9% | 24.0% | 16.7% | 0.7 |
 COST | $449B | 55.6 | 34.6 | 57.2 | 12.8% | 3.8% | 30.7% | 34.5% | 0.6 |
 EBAY | $49B | 24.5 | 21.0 | 29.3 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
 IDXX | $45B | 43.7 | 31.6 | 43.1 | 61.8% | 31.6% | 66.2% | 42.5% | 0.7 |
| Consumer Cyclical Median | — | 19.4 | 11.4 | 15.3 | 36.8% | 2.9% | 5.7% | 5.8% | 4.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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Start ComparisonCHWY — Frequently Asked Questions
Quick answers to the most common questions about buying CHWY stock.
What is Chewy, Inc.'s P/E ratio?
Chewy, Inc.'s current P/E ratio is 26.0x. The historical average is 118.7x.
What is Chewy, Inc.'s EV/EBITDA?
Chewy, Inc.'s current EV/EBITDA is 42.8x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 81.1x.
What is Chewy, Inc.'s ROE?
Chewy, Inc.'s return on equity (ROE) is 101.8%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 3.7%.
Is CHWY stock overvalued?
Based on historical data, Chewy, Inc. is trading at a P/E of 26.0x. Compare with industry peers and growth rates for a complete picture.
What are Chewy, Inc.'s profit margins?
Chewy, Inc. has 29.2% gross margin and 0.9% operating margin.
How much debt does Chewy, Inc. have?
Chewy, Inc.'s Debt/EBITDA ratio is 2.2x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.