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Chewy CHWY Gross margin

Gross margin at other companies

Walmart
 logo
Walmart WMT
25%+0.1pp
Amazon logo
AmazonAMZN
50.6%+1.4pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
36.4%+0.1pp
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
55.1%+0.2pp
Zoetis logo
ZoetisZTS
71.8%+0.8pp
General Mills logo
General MillsGIS
33%-2.3pp

Other financials

Income statement

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Revenue$3.4B+7.7%
Gross profit$1.0B+9.5%
Operating income$128.5M+67.1%
Net income$94.8M+51.9%
EPS (diluted)$0.23+53.3%

Balance sheet

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Cash & equivalents$485.2M-21.3%
Total debt$523.4M-2.2%
Total equity$424.2M+12.9%
Total assets$3.3B+8.0%

Cash flow

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Operating cash flow$108.5M+25.6%
CapEx$37.7M0.0%
Free cash flow$70.8M+45.4%

Valuation

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Market cap$7.46B-50.3%
Enterprise value$7.49B-49.8%
P/E29.2×-9.4×
P/S0.6×-0.7×

Profitability

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Operating margin2.4%+1.3pp
Net margin2%-1.2pp
FCF margin4.6%+0.8pp

Returns & leverage

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Return on equity63.8%-12.4pp
Debt / equity1.2×-0.2×
Current ratio0.8×0.0×

Where this comes from

Calculated from Chewy’s reported figures.

Based on trailing twelve months.

The official record: Chewy’s 10-Q, filed June 10, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Chewy's gross margin?
Chewy (CHWY) reported gross margin of 29.9% in Q1 2026.
How has Chewy's gross margin changed year-over-year?
Chewy's gross margin increased by 2.3% year-over-year, from 29.2% to 29.9%.
What is the long-term trend for Chewy's gross margin?
Over 5 years (2020 to 2025), Chewy's gross margin has grown at a 3.2% compound annual growth rate (CAGR), from 25.5% to 29.8%.
What does gross margin mean?
How much of every sales dollar is left after the direct cost of what was sold.
How do you interpret gross margin?
Higher and stable gross margins indicate pricing power and a durable cost structure. A declining trend signals input-cost pressure, pricing competition, or a shift toward lower-margin products.
How does gross margin compare across companies?
Highly comparable within an industry, less so across industries — software runs 70%+ while distributors run in single digits. Track the trend more than the absolute level across sectors.