Chewy, Inc. (CHWY) Financial Ratios
10 years of historical data (2016–2025) · Consumer Cyclical · Specialty Retail
EV/EBITDA
↓
18.87
↓-78% vs avg
5yr avg: 85.73
30Y Low31.5·High96.4
P/FCF
↓
13.41
↓-97% vs avg
5yr avg: 478.42
30Y Low22.0·High164.6
P/B Ratio
↓
15.57
↓-95% vs avg
5yr avg: 294.49
30Y Low16.4·High122.5
ROE
↑
58.7%
↓+131% vs avg
5yr avg: -190.4%
30Y Low-156%·High102%
Debt/EBITDA
↓
1.45
↓-56% vs avg
5yr avg: 3.29
30Y Low1.5·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 35.0x earnings, 80% below its 5-year average of 173.2x, sitting at the 0th percentile of its historical range. Compared to the Consumer Cyclical sector median P/E of 21.2x, the stock trades at a premium of 66%. On a free-cash-flow basis, the stock trades at 13.4x P/FCF, 97% below the 5-year average of 478.4x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $7.5B | $12.4B | $16.8B | $8.4B | $19.6B | $18.3B | $41.5B | $10.6B | — | — | — |
| Enterprise Value | $7.2B | $12.1B | $16.7B | $8.3B | $19.8B | $18.1B | $41.2B | $10.6B | — | — | — |
| P/E Ratio → | 35.02 | 55.98 | 42.84 | 211.57 | 382.58 | — | — | — | — | — | — |
| P/S Ratio | 0.60 | 0.98 | 1.42 | 0.75 | 1.94 | 2.04 | 5.80 | 2.20 | — | — | — |
| P/B Ratio | 15.57 | 24.89 | 64.25 | 16.41 | 122.54 | 1244.34 | — | — | — | — | — |
| P/FCF | 13.41 | 22.04 | 37.13 | 24.42 | 164.64 | 2143.89 | 20608.93 | — | — | — | — |
| P/OCF | 10.90 | 17.92 | 28.17 | 17.22 | 56.18 | 95.63 | 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 18.9x EBITDA, 78% below its 5-year average of 85.7x. The Consumer Cyclical sector median is 12.2x, placing the stock at a 55% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 0.96 | 1.41 | 0.74 | 1.95 | 2.02 | 5.77 | 2.19 | — | — | — |
| EV / EBITDA | 18.87 | 31.52 | 73.55 | 96.42 | 141.42 | — | — | — | — | — | — |
| EV / EBIT | 28.46 | 45.14 | 106.27 | 160.17 | 358.84 | — | — | — | — | — | — |
| EV / FCF | — | 21.50 | 36.92 | 24.20 | 165.82 | 2121.34 | 20492.08 | — | — | — | — |
CHWY Profitability
Margins and return-on-capital ratios measuring operating efficiency
Chewy, Inc. earns an operating margin of 2.0%, roughly in line with the Consumer Cyclical sector average. Operating margins have expanded from -0.2% to 2.0% over the past 3 years, signaling improving operational efficiency. Return on equity of 58.7% is exceptionally high — well above the sector median of 5.3%. ROIC of 105.2% represents excellent returns on invested capital versus a sector median of 5.2%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.8% | 29.8% | 29.2% | 28.4% | 28.0% | 26.6% | 25.5% | 23.6% | 20.2% | 17.5% | 16.6% |
| Operating Margin | 2.0% | 2.0% | 0.9% | -0.2% | 0.6% | -0.8% | -1.3% | -5.2% | -7.6% | -16.1% | -11.9% |
| Net Profit Margin | 1.8% | 1.8% | 3.3% | 0.4% | 0.5% | -0.8% | -1.3% | -5.2% | -7.6% | -16.1% | -11.9% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 58.7% | 58.7% | 101.8% | 11.8% | 57.0% | -1181.4% | — | — | — | — | -155.7% |
| ROA | 6.7% | 6.7% | 12.7% | 1.4% | 2.2% | -3.9% | -6.9% | -34.2% | -51.3% | -82.7% | -34.0% |
| ROIC | 105.2% | 105.2% | 28.0% | -4.8% | 69.2% | — | — | — | — | — | — |
| ROCE | 24.2% | 24.2% | 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 1.5x, which is manageable (70% below the sector average of 4.8x). The company holds a net cash position — cash of $860M exceeds total debt of $557M, providing substantial financial flexibility for buybacks, acquisitions, or weathering downturns. Interest coverage of 58.2x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.12 | 1.12 | 1.92 | 1.03 | 2.94 | 27.83 | — | — | — | — | — |
| Debt / EBITDA | 1.45 | 1.45 | 2.21 | 6.13 | 3.37 | — | — | — | — | — | — |
| Net Debt / Equity | — | -0.61 | -0.36 | -0.15 | 0.87 | -13.09 | — | — | — | — | -2.44 |
| Net Debt / EBITDA | -0.79 | -0.79 | -0.41 | -0.86 | 1.00 | — | — | — | — | — | — |
| Debt / FCF | — | -0.54 | -0.21 | -0.22 | 1.18 | -22.55 | -116.86 | — | — | — | — |
| Interest Coverage | 58.24 | 58.24 | 28.49 | 14.46 | 21.41 | -33.75 | -44.74 | — | -1479.37 | -607.65 | -361.04 |
Net cash position: cash ($860M) exceeds total debt ($557M)
CHWY Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.88x is below 1.0, meaning current liabilities exceed current assets. The quick ratio of 0.51x 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 1.00x to 0.88x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.88 | 0.88 | 0.75 | 1.00 | 0.83 | 0.80 | 0.89 | 0.57 | 0.55 | 0.79 | 1.16 |
| Quick Ratio | 0.51 | 0.51 | 0.37 | 0.66 | 0.46 | 0.46 | 0.52 | 0.28 | 0.28 | 0.49 | 0.78 |
| Cash Ratio | 0.38 | 0.38 | 0.27 | 0.54 | 0.37 | 0.37 | 0.41 | 0.19 | 0.11 | 0.13 | 0.70 |
| Asset Turnover | — | 3.51 | 3.93 | 3.50 | 4.02 | 4.30 | 4.10 | 5.20 | 6.52 | 4.18 | 2.86 |
| Inventory Turnover | 10.23 | 10.23 | 10.03 | 11.10 | 10.74 | 11.74 | 10.37 | 11.65 | 12.76 | 10.46 | 8.16 |
| Days Sales Outstanding | — | 6.44 | 5.20 | 5.04 | 4.58 | 5.13 | 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 3.5% to shareholders annually primarily through share buybacks. The earnings yield of 2.9% (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 2025 | 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 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.9% | 1.8% | 2.3% | 0.5% | 0.3% | — | — | — | — | — | — |
| FCF Yield | 7.5% | 4.5% | 2.7% | 4.1% | 0.6% | 0.0% | 0.0% | — | — | — | — |
| Buyback Yield | 3.5% | 2.1% | 5.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Total Shareholder Yield | 3.5% | 2.1% | 5.6% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — | — |
| Shares Outstanding | — | $426M | $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 | $8B | 35.0 | 18.9 | 13.4 | 29.8% | 2.0% | 58.7% | 105.2% | 1.5 |
 WOOF | $748M | 82.6 | 10.6 | 4.0 | 38.7% | 2.0% | 0.8% | 2.4% | 9.0 |
 BARK | $87M | -2.2 | — | — | 61.3% | -10.2% | -45.5% | -33.3% | — |
 PETS | $37M | -0.6 | — | — | 28.1% | -17.5% | -100.4% | -119.4% | — |
 FRPT | $3B | 20.8 | 16.4 | 218.4 | 38.6% | 8.6% | 12.3% | 5.3% | 3.1 |
 AMZN | $2.6T | 34.1 | 18.5 | 341.6 | 50.3% | 11.2% | 22.3% | 14.7% | 1.0 |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 TGT | $59B | 16.1 | 9.3 | 20.9 | 25.4% | 4.6% | 24.0% | 12.0% | 2.5 |
 COST | $422B | 52.2 | 32.5 | 53.8 | 12.8% | 3.8% | 30.7% | 34.5% | 0.6 |
 EBAY | $49B | 24.9 | 21.3 | 29.8 | 71.5% | 20.5% | 41.6% | 16.8% | 2.9 |
 IDXX | $45B | 43.0 | 31.1 | 42.4 | 61.8% | 31.6% | 66.2% | 42.5% | 0.7 |
| Consumer Cyclical Median | — | 21.2 | 12.2 | 15.6 | 36.2% | 2.0% | 5.3% | 5.2% | 4.8 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
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CHWY — 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 35.0x. The historical average is 49.4x.
What is Chewy, Inc.'s EV/EBITDA?
Chewy, Inc.'s current EV/EBITDA is 18.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 67.2x.
What is Chewy, Inc.'s ROE?
Chewy, Inc.'s return on equity (ROE) is 58.7%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 14.7%.
Is CHWY stock overvalued?
Based on historical data, Chewy, Inc. is trading at a P/E of 35.0x. Compare with industry peers and growth rates for a complete picture.
What are Chewy, Inc.'s profit margins?
Chewy, Inc. has 29.8% gross margin and 2.0% operating margin.
How much debt does Chewy, Inc. have?
Chewy, Inc.'s Debt/EBITDA ratio is 1.5x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.