Bath & Body Works vs Chewy
Chewy reported revenue of $12.6 billion in fiscal 2025, 1.7 times Bath & Body Works' $7.3 billion in fiscal 2025. Bath & Body Works' revenue fell 0.2% in its latest year, and Chewy's grew 6.2%. Bath & Body Works had an operating margin of 15.4%, against 2.0% at Chewy. Free cash flow was $865 million at Bath & Body Works and $562 million at Chewy. Their fiscal years end in different months (January 31 and February 1), so the periods don't line up exactly.
Side by side
| Bath & Body Works | Chewy | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 31, 2026 | FY2025, Feb 1, 2026 |
| Revenue | $7.3B | $12.6B |
| Revenue growth | −0.2% | 6.2% |
| Revenue growth a year, last 5 years | 2.5% | 12.0% |
| Gross margin | 43.7% | 29.8% |
| Operating margin | 15.4% | 2.0% |
| Net margin | 8.9% | 1.8% |
| Free cash flow | $865M | $562M |
| Free cash flow margin | 11.9% | 4.5% |
| Return on capital | 47.5% | — |
| Net debt to EBITDA | 2.1x | −2.3x |
| Dividends and buybacks | $568M | $262M |
| Change in diluted share count | −5.4% | −1.2% |
| Last close | $21.38 | $21.90 |
| P/E at the last close | 5.6× | 33.2× |
| Insider trades, last 12 months | bought $1.0 million, sold $14 | sold $7.3 million |
| Piotroski F-score | 5 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Bath & Body WorksChewy
Operating margin
Percent of revenue
Bath & Body WorksChewy
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Bath & Body WorksChewy
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Bath & Body Works and Chewy pages.