Chewy, Inc. (CHWY) intrinsic value & 10-year financials
Chewy, Inc. (CHWY) has a Graham intrinsic value of $17.27 per share. At $20.97 on Oct 17, 2026, the stock trades 21% above that value. Over the last 10 fiscal years revenue grew 25.1% a year to $12.6B, with an average return on invested capital of 49.7%.
- Graham intrinsic value
- $17.27
- Share price (Oct 17, 2026)
- $20.97
- Price vs Graham value
- 21% above
- Market cap
- $8.9B
- Revenue (FY2026)
- $12.6B
- Revenue growth (10-yr CAGR)
- 25.1%
- ROIC (10-yr avg)
- 49.7%
- Free cash flow (FY2026)
- $562.4M
CHWY 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $12.6B | $222.8M | $0.52 | $562.4M | 2.0% | 132.6% |
| FY2025 | $11.9B | $392.7M | $0.91 | $452.5M | 0.9% | 37.3% |
| FY2024 | $11.1B | $39.6M | $0.09 | $342.9M | -0.2% | -4.9% |
| FY2023 | $10.1B | $49.2M | $0.12 | $119.3M | 0.6% | 59.7% |
| FY2022 | $8.9B | -$73.8M | -$0.18 | $8.6M | -0.8% | 34.8% |
| FY2021 | $7.1B | -$92.5M | -$0.23 | $2.0M | -1.3% | 27.7% |
| FY2020 | $4.8B | -$252.4M | -$0.63 | -$2.1M | -5.2% | 60.8% |
| FY2019 | $3.5B | -$267.9M | — | -$57.6M | -7.6% | — |
| FY2018 | $2.1B | -$338.1M | — | -$120.0M | -16.1% | — |
| FY2017 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Chewy, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Chewy, Inc. has earned high returns on invested capital, averaging 49.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Chewy, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Chewy, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $17.27 per share.