CHWY Chewy margins

Relative Growth: Rel. Growth: 81

Relative Strength: Rel. Strength: 13

Relative Valuation: Rel. Valuation: 76

Relative Profitability: Rel. Profitability: 75

Gross margin

29.9%

Operating margin

2.5%

EBITDA margin

4.1%

Net margin

2.1%

Using the latest TTM figures, Chewy shows a gross margin of 29.9%, an operating margin of 2.5%, an EBITDA margin of 4.1%, and a net margin of 2.1%. Each available margin increased from the same period last year. EBITDA margin recorded the strongest gain, rising by 1.4 percentage points.

CHWY margin history

Gross, operating, EBITDA and net margin trends

Over the last 3 years, Chewy recorded average margins of 29.23% gross, 1.1% operating, 2.75% EBITDA, and 1.93% net. The current gross, operating, EBITDA, and net margins are all above their three-year averages.

CHWY margin expansion

Year-over-year margin changes in percentage points

Year over year, gross, operating, EBITDA, and net margins all increased, with EBITDA margin showing the largest gain at 1.4 percentage points.

Gross margin expansion

0.4pp

Operating margin expansion

1.2pp

EBITDA margin expansion

1.4pp

Net margin expansion

0.9pp

CHWY Gross margin

Over the last 3 years, Chewy's gross margin averaged 29.23%. At present, Chewy's current gross margin is 29.9%, which is 0.7 percentage points above its three-year average. During this period, gross margin reached a high of 29.9% in Aug 2026 and a low of 28.3% in Oct 2023.

CHWY Operating margin

Chewy's operating margin averaged 1.1% during the last 3 years. Compared with its three-year average, Chewy's current operating margin is 2.5% and is 1.4 percentage points above its three-year average. Over the last 3 years, Chewy's operating margin peaked at 2.5% in Aug 2026 and reached a low of -0.2% in Jan 2024.

CHWY EBITDA margin

The average EBITDA margin for Chewy was 2.75% over the last 3 years. As of the latest period, the current EBITDA margin for Chewy is 4.1%, 1.4 percentage points above its three-year average. The EBITDA margin for Chewy moved between 1.2% in Oct 2023 and 4.1% in Aug 2026.

CHWY Net margin

Chewy recorded an average net margin of 1.93% across the last 3 years. Chewy currently reports a net margin of 2.1%, 0.2 percentage points above its three-year average. The net margin for Chewy moved between 0.1% in Oct 2023 and 3.5% in Oct 2024.

CHWY margin group comparison

Margins compared with peer-group, industry and sector averages

Chewy's gross margin of 29.9% is below the Consumer Cyclical sector and the industry average. Compared to its Consumer Cyclical sector average of 36.3%, Chewy's gross margin is 18% lower.

CHWY margin peer comparison

Compare margins with selected peers

Frequently asked questions

What is Chewy's gross margin?

The current gross margin for CHWY is 29.9% as of Aug 2, 2026.

What is Chewy's operating margin?

The current operating margin for CHWY is 2.5% as of Aug 2, 2026.

What is Chewy's EBITDA margin?

The current EBITDA margin for CHWY is 4.1% as of Aug 2, 2026.

What is Chewy's net margin?

The current net margin for CHWY is 2.1% as of Aug 2, 2026.

What are the average margins of CHWY?

Over the last 3 years, Chewy's margins averaged 29.2% gross, 1.1% operating, 2.8% EBITDA, and 1.9% net.

What are the highest historical margins of CHWY?

Over the last 5 years, Chewy's highest margins were 29.9% gross in Aug 2026, 2.5% operating in Aug 2026, 4.1% EBITDA in Aug 2026, and 3.5% net in Oct 2024.

What are the lowest historical margins of CHWY?

Chewy's lowest recorded margins during the past 5 years were 26.6% gross in Jan 2022, -1% operating in May 2022, 0% EBITDA in May 2022, and -1% net in May 2022.