CHEWY, INC.
CHWY · Consumer Discretionary · FY2026 filings · · not refreshed in 39 days · Shallow moat ·
Doesn't clear the bar
The five investor questions
2022–2026 (latest 5 aligned FYs; v3 window cap 5): revenue $9.0B to $12.6B, increasing; diluted EPS -0.18 to 0.52, increasing.
Median gross margin 26.6% over 9y, stable.
Not enough years of ROIC data to score returns on capital.
Net debt/EBITDA n/ax, interest coverage 55x.
Owner earnings changed trend unclear over up to the ten most recent annual observations, share count n/a.
The returnsOnCapital component abstained: Not enough years of ROIC data to score returns on capital. The other four 20% weights were renormalized over the scored 80%.
Price vs. value if growth stopped today
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
- $49.9M
- Unavailable — insufficient owner-earnings data
- Unavailable — insufficient growth-model data
- $20.86
- No price data
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
Exactly which 50 companies?
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 0% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
10 years of fundamentals
The business, in plain English
CHEWY, INC. booked $12.6B of revenue in FY2026 in the Consumer Discretionary sector and kept 29.8% of it as gross profit — a moderate-margin business by that measure. After every other cost, 1.8% of each revenue dollar reached the bottom line.
Across the filed record, revenue grew from $2.1B (FY2018) to $12.6B (FY2026) — about 25.1% a year compounded over 8 years.
CHWY's latest filed year, FY2026, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Not disclosed in CHWY’s filings for these years — we don’t estimate it.
Gaps in a line mean that item isn’t in CHWY’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Visual explainers
The filing-backed explainer service is temporarily unavailable, so no partial or guessed chart is shown.
Moat Score history
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
- Normalizer upgraded unstamped (version unknown)tomoat-xbrl-normalizer@1.1.0 — readings across versions aren’t comparedJul 26, 2026
- Methodology upgraded moat-index@2.0.0tomoat-index@3.0.0 — readings across versions aren’t comparedJul 23, 2026
- Methodology upgraded moat-index@1.2.0tomoat-index@2.0.0 — readings across versions aren’t comparedJul 20, 2026
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Insider activity
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Sep 4, 2026.
Among the rows shown, A/F/M acquisition, payment or withholding, and exercise or conversion rows outnumber S sale rows (10 versus 2). The filing codes alone do not establish that every such row arose from a compensation plan.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
| Insider | Shares owned after | Date | Filing detail | ||||
|---|---|---|---|---|---|---|---|
| Hu Da-WaiGeneral Counsel & Secretary | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 445 | $23.80 | $10,591 | 4,203 | Sep 1, 2026 | 1 filed lot
|
| Billings William G.Chief Accounting Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 625 | $23.80 | $14,875 | 57,055 | Sep 1, 2026 | 1 filed lot
|
| Deppe Christopher S.Chief Financial Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 1,541 | $23.80 | $36,676 | 9,576 | Sep 1, 2026 | 1 filed lot
|
| Singh SumitDirector, Chief Executive Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 8,840 | $23.80 | $210,392 | See lot detail | Sep 1, 2026 | 2 filed lots
|
| Singh SumitDirector, Chief Executive Officer | Open-market or private sale (S)Table I · Disposed · Class A Common Stock | 49,477 | $23.01 | $1,138,466 | See lot detail | Aug 3, 2026 | 2 filed lots
|
| Deppe Christopher S.Chief Financial Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 624 | $22.82 | $14,240 | 7,206 | Jul 31, 2026 | 1 filed lot
|
| Hu Da-WaiGeneral Counsel & Secretary | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 909 | $22.82 | $20,743 | 2,823 | Jul 31, 2026 | 1 filed lot
|
| Billings William G.Chief Accounting Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 11,134 | $22.82 | $254,078 | 56,094 | Jul 31, 2026 | 1 filed lot
|
| Singh SumitDirector, Chief Executive Officer | Payment of exercise price or tax liability (F)Table I · Disposed · Class A Common Stock | 32,364 | $22.82 | $738,546 | See lot detail | Jul 31, 2026 | 2 filed lots
|
Source-event as of . Retrieved .
Track record
How CHEWY, INC.’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored CHWY on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
What followed, in the years it rated Wide
In the reconstructed history shown, CHWY did not rate Wide-moat in any year, so there is no wide-moat track record to report. That absence is itself the honest answer — we don’t manufacture a comparison where the rating never earned one.
Consumer Discretionary context
#154 of 487 scored Consumer Discretionary companies, ranked by Moat Score.
Nearest peers by Moat Score
- #152ABG ASBURY AUTOMOTIVE GROUP, INC.55.6 out of 100, Shallow moatShallow moat
- #153VVX V2X, Inc.55.5 out of 100, Shallow moatShallow moat
- #155LMT LOCKHEED MARTIN CORPORATION55.2 out of 100, Shallow moatShallow moat
- #156LINC LINCOLN EDUCATIONAL SERVICES CORPORATION55.2 out of 100, Shallow moatShallow moat
Compare CHWY with its nearest peers →All Consumer Discretionary companies on the Index →
Common questions about CHWY
- Does CHEWY, INC. have an economic moat?
- Based on its FY2026 SEC filings, the Moat Index scores CHEWY, INC. (CHWY) 55.5 out of 100 — a Shallow moat. The five questions behind that score begin at 20% each; if exactly one genuinely lacks data, the other four weights are renormalized and disclosed. revenue and EPS trend 73, pricing power 33, returns on capital not measurable from the filings, balance-sheet safety 73, capital allocation 44.
- How has CHWY's Moat Score changed over time?
- The record logs 16 readings since Jul 17, 2026; the latest reads 55.5 out of 100 (shallow moat). No tier changes on record yet. (Methodology or normalizer upgrades on Jul 20, 2026, Jul 23, 2026, Jul 26, 2026 re-based the score; readings across versions aren't compared.) The history is append-only — readings are only ever added, never rewritten.