CHWYChewy, Inc.
Retail-Catalog & Mail-Order Houses
- Revenue
- $12.6B
- 6.2% YoY
- Operating margin
- 2.0%
- 113% YoY
- EBITDA
- $384M
- 69% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.1×
- −$19M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear310% of net incomeCash flow under 80% of net income
- Dilutive SBCClear2% of revenueOver 10% of revenue
- Payouts exceed cash flowClear38% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear9% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $9.0B | $10.1B | $11.1B | $11.9B | $12.6B | 6.2% |
| Operating income | −$74M | $56M | −$24M | $113M | $254M | 126% |
| Net income | −$75M | $50M | $40M | $393M | $223M | 43% |
| Operating cash flow | $192M | $350M | $486M | $596M | $692M | 16% |
| Capex | $183M | $230M | $143M | $144M | $129M | 10% |
| Stock-based comp | $78M | $158M | $239M | $306M | $298M | 2.8% |
| Buybacks | — | $0 | $0 | $943M | $263M | 72% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $622K · 3
- Net
- −$622K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $26M | $14M | 29 | 206 |
| FY2025 | $30M | $80M | 147 | 145 |
| FY2024 | $35M | $33M | 73 | 77 |
| FY2023 | $2M | −$3M | 173 | 84 |
| FY2022 | $12M | −$86M | 166 | 169 |