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Chewy CHWY Operating margin

Operating margin at other companies

Walmart
 logo
Walmart WMT
4.2%-0.2pp
Amazon logo
AmazonAMZN
11.5%+0.5pp
Tractor Supply Company logo
Tractor Supply CompanyTSCO
9.3%-0.4pp
General Mills logo
General MillsGIS
19%+0.7pp
Colgate-Palmolive logo
Colgate-PalmoliveCL
15.4%-6.2pp
Hasbro logo
HasbroHAS
2.3%-15.2pp

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
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 operating margin?
Chewy (CHWY) reported operating margin of 2.4% in Q1 2026.
How has Chewy's operating margin changed year-over-year?
Chewy's operating margin increased by 114.1% year-over-year, from 1.1% to 2.4%.
What is the long-term trend for Chewy's operating margin?
Over 4 years (2021 to 2025), Chewy's operating margin has grown at a 25.2% compound annual growth rate (CAGR), from -0.8% to 2%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.