CHWY vs ULTA
Chewy, Inc. and Ulta Beauty, Inc., side by side — 9 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | CHWY | ULTA |
|---|---|---|
| Revenue | $12.6B | $12.4B |
| Net income | $222.8M | $1.2B |
| Gross margin | 29.8% | 39.1% |
| Net margin | 1.8% | 9.3% |
| Return on equity | 58.7% | 43.6% |
| Diluted EPS | $0.52 | $25.64 |
| Dividend / share | · | · |
| Payout ratio | · | · |
| Free cash flow | $562.4M | $1.1B |
| Equity | $497.9M | $2.8B |
| Net debt / equity | · | −0.13× |
| Current ratio | 0.88× | 1.41× |
| Revenue CAGR 5y | 12.0% | 15.0% |
| Profit CAGR 5y | · | 45.7% |
CHWY and ULTA book revenue within 15% of each other, and ULTA keeps more of each dollar of revenue as profit (9.3% against 1.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
9 years side by side
| Fiscal year | CHWY | ULTA |
|---|---|---|
| FY2025 | $12.6B | $12.4B |
| FY2024 | $11.9B | $11.3B |
| FY2023 | $11.1B | $11.2B |
| FY2022 | $10.1B | $10.2B |
| FY2021 | $9.0B | $8.6B |
| FY2020 | $7.1B | $6.2B |
| FY2019 | $4.8B | $7.4B |
| FY2018 | $3.5B | $6.7B |
| FY2017 | $2.1B | $5.9B |
Bottom line
| Fiscal year | CHWY | ULTA |
|---|---|---|
| FY2025 | $222.8M | $1.2B |
| FY2024 | $392.7M | $1.2B |
| FY2023 | $39.6M | $1.3B |
| FY2022 | $49.9M | $1.2B |
| FY2021 | $-75.2M | $985.8M |
| FY2020 | $-92.5M | $175.8M |
| FY2019 | $-252.4M | $705.9M |
| FY2018 | $-267.9M | $658.6M |
| FY2017 | $-338.1M | $555.2M |
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$208,680,000 | CHWY |
| FY2024 | +$565,646,000 | CHWY |
| FY2023 | −$59,603,000 | ULTA |
| FY2022 | −$89,580,000 | ULTA |
| FY2021 | +$336,518,000 | CHWY |
| FY2020 | +$994,311,000 | CHWY |
| FY2019 | −$2,551,325,000 | ULTA |
| FY2018 | −$3,183,778,000 | ULTA |
| FY2017 | −$3,780,219,000 | ULTA |
The higher-revenue side has changed between CHWY and ULTA over this period. The gap has narrowed since the earliest year compared.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
9 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −7.5 pp | ULTA |
| FY2024 | −7.3 pp | ULTA |
| FY2023 | −11.2 pp | ULTA |
| FY2022 | −11.7 pp | ULTA |
| FY2021 | −12.3 pp | ULTA |
| FY2020 | −4.2 pp | ULTA |
| FY2019 | −14.7 pp | ULTA |
| FY2018 | −17.4 pp | ULTA |
| FY2017 | −25.5 pp | ULTA |
ULTA has kept the higher net margin in every one of these 9 fiscal years.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CHWY's net margin has been more volatile than ULTA's over the 9 comparable fiscal years — 5.7 percentage points of standard deviation against 2.6.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
ULTA led in net margin in every one of the 9 comparable fiscal years — a structural lead, not a recent swing.
9 of 17 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
CHWY's return on equity has been more volatile than ULTA's over the 3 comparable fiscal years — 36.7 percentage points of standard deviation against 7.1.
3 of 17 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between CHWY and ULTA over these 3 fiscal years — CHWY led in 2 and ULTA in 1.
3 of 17 comparable fiscal years — a year missing data on either side is not counted.