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Chewy

CHWY on NYSE. Chewy sells pet food, supplies, and medicine online to pet owners. Market value $8.0bn.

Watch this stockFree. We tell you when something changes.

Price checks use the past 12 months to July 2026. Quality checks use five annual reports, the latest for the year to January 2026.

We can't read total debt from the filing, so debt is left out.

Should I look at this?

Not a fit for our list right now

Why it could be worth it

What to watch out for

See Retail & consumer stocks that passed both tests

This is not advice. Check the numbers below.

Compare with another stock

Cash yield
past 12 months to July 2026
7.4%high

For every $100 of what the whole company costs, it produced $7.35 of spare cash in the past 12 months. A savings account pays about $4.

Price to profit
past 12 months to July 2026
23.5×full

You pay 23.5 years of operating profit for the business. The average large US company costs around 18.

Return on capital
five annual reports to January 2026
n/a

The filings do not give us enough to work this out.

Quality score: 60 of 100. Price score: 65 of 100. Our list needs 70 on quality and 60 on price.

$18.14 a share, 4% above its 1-year low

Over the past year the price has ranged from $17.40 to $39.70.

Pays no dividend

Prices from Tuesday’s close (6 October).

Five years of cash, in billions

0.0
0.1
0.3
0.5
0.6
0.6
2022202320242025202612 monthsto Jul '26
Revenue
$9.0bn$10.1bn$11.1bn$11.9bn$12.6bn
Operating margin
-0.8%0.6%-0.2%0.9%2.0%
Debt to equity
n/an/an/an/an/a
Shares outstanding
0.42bn0.43bn0.43bn0.43bn0.43bn

Health checks

  • Free cash flow positive5 of 5 years
  • Accounting looks honest (Beneish)Not enough data
  • Financial strength (Piotroski)6 of 7 checks we could run
  • Profit backed by cash (accruals)No
  • DebtUnknown
  • Revenue growth, five yearsStrong, 12.0% a year
  • Buying back its own sharesRoughly flat

The quarter to July 2026

How the business did, compared with the same quarter a year earlier.

  • Sales: $3.3 billion last quarter, up 7% on a year ago.
  • Profit: $81 million, up 30% on a year ago.
  • It keeps 3 cents of each $1 of sales as operating profit, up from 1 cents a year earlier.
  • Spare cash over the past 12 months: $568 million, up from $463 million.
  • 4% fewer shares than a year ago. Each share owns a bit more of the company.
  • Sales grew on a year ago in each of the last 4 quarters.
Sales by quarter
Sales by quarter
Quarter toAmount
October 2024$2.9bn
January 2025$3.2bn
April 2025$3.1bn
July 2025$3.1bn
October 2025$3.1bn
January 2026$3.3bn
April 2026$3.4bn
July 2026$3.3bn
Profit by quarter
Profit by quarter
Quarter toAmount
October 2024$4m
January 2025$23m
April 2025$62m
July 2025$62m
October 2025$59m
January 2026$39m
April 2026$95m
July 2026$81m

From the company's quarterly reports to the SEC.

Dates

Next results (estimated)
n/a
Last annual report (10-K)
25 March 2026
Next quarterly (estimated, 10-Q)
9 December 2026

Who owns it

2 long-term investors we follow own it, unchanged from 2 last quarter. 516 funds in all.

Jun '25
Dec '25
Jun '26

Sold out this quarter

Largest holders overall

From 13F filings for the quarter ended 30 June 2026.

Big holders and activists

9 investors own more than 5%.

From Schedule 13D and 13G filings: anyone owning more than 5% must file one.

What insiders did

No insider bought shares on the open market in the last 12 months. 5 sold $7m, $7m of it under preset trading plans.

  • Singh Sumit
    Chief Executive Officer, Director
    Sold
    under a preset trading plan
    Date
    3 August 2026
    Shares
    49,477
    Price
    $23.01
    Value
    $1m
  • Hu Da-Wai
    General Counsel & Secretary
    Sold
    Date
    29 June 2026
    Shares
    4,203
    Price
    $19.49
    Value
    $81,915
  • Singh Sumit
    Chief Executive Officer, Director
    Sold
    under a preset trading plan
    Date
    4 May 2026
    Shares
    87,526
    Price
    $25.60
    Value
    $2m
  • Hu Da-Wai
    General Counsel & Secretary
    Sold
    Date
    1 April 2026
    Shares
    8,149
    Price
    $26.91
    Value
    $219,290
  • Deppe Christopher S.
    Chief Financial Officer
    Sold
    under a preset trading plan
    Date
    2 March 2026
    Shares
    3,043
    Price
    $26.87
    Value
    $81,765
  • Mehta Satish
    Chief Technology Officer
    Sold
    under a preset trading plan
    Date
    2 February 2026
    Shares
    13,013
    Price
    $28.99
    Value
    $377,247
  • Mehta Satish
    Chief Technology Officer
    Sold
    under a preset trading plan
    Date
    3 December 2025
    Shares
    8,872
    Price
    $33.53
    Value
    $297,478
  • Mehta Satish
    Chief Technology Officer
    Sold
    under a preset trading plan
    Date
    2 December 2025
    Shares
    6,056
    Price
    $33.73
    Value
    $204,269
  • Singh Sumit
    Chief Executive Officer, Director
    Sold
    under a preset trading plan
    Date
    2 December 2025
    Shares
    41,428
    Price
    $33.73
    Value
    $1m
  • Mehta Satish
    Chief Technology Officer
    Sold
    under a preset trading plan
    Date
    4 November 2025
    Shares
    4,642
    Price
    $32.65
    Value
    $151,561

From Form 4 filings: insiders must report trades in their own company's shares within two days.

Warning signs in its filings

Problems the company itself reported to the SEC, in its own words.

None of the warning signs we check for were found.

We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.

We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 25 Mar 2026, plus the 10-Q filed 9 Sep 2026 and 6 later 8-Ks.

A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.

What could go wrong

Cheap for a reason is the question the numbers cannot answer.

Whether the price already reflects the risks is what the deep dive is for.

The deep dive

Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.

  • What the business is worth, as a range, and the margin of safety at today’s price
  • Prices to start buying, buy, and buy hard
  • The three things that would make this a mistake
  • Every number footnoted to the filing it came from
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What a finished deep dive looks like

Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.