C

CHEWY, INC.

CHWY · CIK 0001766502

9 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$12.60B6.2%
FY2025
Net income (FY)
$222.8M43.3%
FY2025
Free cash flow (FY)
$562.4M24.3%
FY2025
Diluted EPS (FY)
$0.5242.9%
FY2025
The story, charted

The shape of the business

FY2017–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$5B$10BFY2017 · Revenue $2.10B · Net income −$338.1M · 0001766502-20-000007 · filed 2020-04-02FY17Revenue $2.10BNet income −$338.1M0001766502-20-000007 · filed 2020-04-02FY2018 · Revenue $3.53B · Net income −$267.9M · 0001766502-21-000008 · filed 2021-03-30FY18Revenue $3.53BNet income −$267.9M0001766502-21-000008 · filed 2021-03-30FY2019 · Revenue $4.85B · Net income −$252.4M · 0001766502-22-000008 · filed 2022-03-29FY19Revenue $4.85BNet income −$252.4M0001766502-22-000008 · filed 2022-03-29FY2020 · Revenue $7.15B · Net income −$92.5M · 0001766502-23-000011 · filed 2023-03-22FY20Revenue $7.15BNet income −$92.5M0001766502-23-000011 · filed 2023-03-22FY2021 · Revenue $8.97B · Net income −$75.2M · 0001766502-24-000014 · filed 2024-03-20FY21Revenue $8.97BNet income −$75.2M0001766502-24-000014 · filed 2024-03-20FY2022 · Revenue $10.12B · Net income $49.9M · 0001766502-25-000014 · filed 2025-03-26FY22Revenue $10.12BNet income $49.9M0001766502-25-000014 · filed 2025-03-26FY2023 · Revenue $11.15B · Net income $39.6M · 0001766502-26-000034 · filed 2026-03-25FY23Revenue $11.15BNet income $39.6M0001766502-26-000034 · filed 2026-03-25FY2024 · Revenue $11.86B · Net income $392.7M · 0001766502-26-000034 · filed 2026-03-25FY24Revenue $11.86BNet income $392.7M0001766502-26-000034 · filed 2026-03-25FY2025 · Revenue $12.60B · Net income $222.8M · 0001766502-26-000034 · filed 2026-03-25FY25Revenue $12.60BNet income $222.8M0001766502-26-000034 · filed 2026-03-25FY25Revenue $12.60BNet income $222.8M0001766502-26-000034 · filed 2026-03-25FY17FY18FY19FY20FY21FY22FY23FY24FY25

revenue 6.0× since FY2017 · net margin -16.1% → 1.8%

MarginsNet marginFCF margin
-10%0%FY2017 · Net margin -16.1% · FCF margin -5.7%FY17Net margin -16.1%FCF margin -5.7%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -7.6% · FCF margin -1.6%FY18Net margin -7.6%FCF margin -1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin -5.2% · FCF margin -0.0%FY19Net margin -5.2%FCF margin -0.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin -1.3% · FCF margin 0.0%FY20Net margin -1.3%FCF margin 0.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin -0.8% · FCF margin 0.1%FY21Net margin -0.8%FCF margin 0.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 0.5% · FCF margin 1.2%FY22Net margin 0.5%FCF margin 1.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin 0.4% · FCF margin 3.1%FY23Net margin 0.4%FCF margin 3.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin 3.3% · FCF margin 3.8%FY24Net margin 3.3%FCF margin 3.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 1.8% · FCF margin 4.5%FY25Net margin 1.8%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 1.8%FCF margin 4.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’17’19’21’23’25

FY2025: net 1.8% · free cash flow 4.5% of revenue

Cash engineOperating cash flowFree cash flow
$0$500MFY2017 · OCF −$79.7M · FCF −$120.0M · 0001766502-20-000007 · filed 2020-04-02FY17OCF −$79.7MFCF −$120.0M0001766502-20-000007 · filed 2020-04-02FY2018 · OCF −$13.4M · FCF −$57.6M · 0001766502-21-000008 · filed 2021-03-30FY18OCF −$13.4MFCF −$57.6M0001766502-21-000008 · filed 2021-03-30FY2019 · OCF $46.6M · FCF −$2.1M · 0001766502-22-000008 · filed 2022-03-29FY19OCF $46.6MFCF −$2.1M0001766502-22-000008 · filed 2022-03-29FY2020 · OCF $132.8M · FCF $2.0M · 0001766502-23-000011 · filed 2023-03-22FY20OCF $132.8MFCF $2.0M0001766502-23-000011 · filed 2023-03-22FY2021 · OCF $191.7M · FCF $8.6M · 0001766502-24-000014 · filed 2024-03-20FY21OCF $191.7MFCF $8.6M0001766502-24-000014 · filed 2024-03-20FY2022 · OCF $349.8M · FCF $119.5M · 0001766502-25-000014 · filed 2025-03-26FY22OCF $349.8MFCF $119.5M0001766502-25-000014 · filed 2025-03-26FY2023 · OCF $486.2M · FCF $342.9M · 0001766502-26-000034 · filed 2026-03-25FY23OCF $486.2MFCF $342.9M0001766502-26-000034 · filed 2026-03-25FY2024 · OCF $596.3M · FCF $452.5M · 0001766502-26-000034 · filed 2026-03-25FY24OCF $596.3MFCF $452.5M0001766502-26-000034 · filed 2026-03-25FY2025 · OCF $691.6M · FCF $562.4M · 0001766502-26-000034 · filed 2026-03-25FY25OCF $691.6MFCF $562.4M0001766502-26-000034 · filed 2026-03-25FY25OCF $691.6MFCF $562.4M0001766502-26-000034 · filed 2026-03-25’17’19’21’23’25

FY2025: $691.6M operating cash − $129.2M capex = $562.4M free cash flow

Returns on capitalReturn on equityReturn on assets
0%2000%4000%FY2018 · ROE 79.7% · ROA -49.5%FY18ROE 79.7%ROA -49.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 62.5% · ROA -27.1%FY19ROE 62.5%ROA -27.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 4615.1% · ROA -5.3%FY20ROE 4615.1%ROA -5.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE -510.4% · ROA -3.6%FY21ROE -510.4%ROA -3.6%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 31.1% · ROA 2.0%FY22ROE 31.1%ROA 2.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE 7.8% · ROA 1.2%FY23ROE 7.8%ROA 1.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE 150.2% · ROA 13.0%FY24ROE 150.2%ROA 13.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 44.7% · ROA 6.6%FY25ROE 44.7%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 44.7%ROA 6.6%derived: net income ÷ equity · derived: net income ÷ assets’19’21’23’25

return on equity 80% (FY2018) → 45% (FY2025) · on assets 6.6%

Balance sheetLiabilitiesEquity
$0$1B$2B$3BFY2018 · Liabilities $877.6M · Equity −$335.9MFY18Liabilities $877.6MEquity −$335.9M0001766502-20-000007 · filed 2020-04-02FY2019 · Liabilities $1.34B · Equity −$404.0MFY19Liabilities $1.34BEquity −$404.0M0001766502-21-000008 · filed 2021-03-30FY2020 · Liabilities $1.74B · Equity −$2.0MFY20Liabilities $1.74BEquity −$2.0M0001766502-22-000008 · filed 2022-03-29FY2021 · Liabilities $2.07B · Equity $14.7MFY21Liabilities $2.07BEquity $14.7M0001766502-23-000011 · filed 2023-03-22FY2022 · Liabilities $2.36B · Equity $160.3MFY22Liabilities $2.36BEquity $160.3M0001766502-24-000014 · filed 2024-03-20FY2023 · Liabilities $2.68B · Equity $510.2MFY23Liabilities $2.68BEquity $510.2M0001766502-25-000014 · filed 2025-03-26FY2024 · Liabilities $2.75B · Equity $261.5MFY24Liabilities $2.75BEquity $261.5M0001766502-26-000034 · filed 2026-03-25FY2025 · Liabilities $2.87B · Equity $497.9MFY25Liabilities $2.87BEquity $497.9M0001766502-26-000034 · filed 2026-03-25FY25Liabilities $2.87BEquity $497.9M0001766502-26-000034 · filed 2026-03-25’19’21’23’25

FY2025: $3.37B assets · $2.87B liabilities · $497.9M equity

The receipts