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Chewy CHWY Net margin

Net margin at other companies

Walmart
 logo
Walmart WMT
3.1%+0.4pp
Amazon logo
AmazonAMZN
10.6%+0.5pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
12.5%+5.2pp
Elanco Animal Health Inc. logo
Elanco Animal Health Inc.ELAN
-4.9%-13.6pp
Zoetis logo
ZoetisZTS
27.8%+0.9pp
General Mills logo
General MillsGIS
12.1%-1.0pp

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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Gross margin29.9%+0.7pp
Operating margin2.4%+1.3pp
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 net margin?
Chewy (CHWY) reported net margin of 2% in Q1 2026.
How has Chewy's net margin changed year-over-year?
Chewy's net margin decreased by 38.1% year-over-year, from 3.2% to 2%.
What is the long-term trend for Chewy's net margin?
Over 4 years (2021 to 2025), Chewy's net margin has grown at a 20.5% compound annual growth rate (CAGR), from -0.8% to 1.8%.
What does net margin mean?
The share of every sales dollar that becomes bottom-line profit.
How do you interpret net margin?
Higher is better, but net margin mixes operating performance with financing and tax effects and one-off items — read it alongside operating margin to separate the operating story from the rest.
How does net margin compare across companies?
Comparable across peers but sensitive to leverage and tax structure; two operationally identical firms can show different net margins purely from financing.