Chewy vs Ulta Beauty
Chewy and Ulta Beauty are similar in size: $12.60bn and $12.39bn of revenue in their latest fiscal years. Ulta Beauty grew faster (9.7% against 6.2%). Ulta Beauty kept more of each dollar of sales as profit: a net margin of 9.3% against 1.8%.
| Latest fiscal year | ChewyCHWY, 2026 | Ulta BeautyULTA, 2026 |
|---|---|---|
| Revenue | $12.60bn | $12.39bn |
| Revenue growth | 6.2% | 9.7% |
| Net income | $223m | $1.15bn |
| Operating margin | 2.0% | — |
| Net margin | 1.8% | 9.3% |
| Return on equity | 58.7% | 43.6% |
| Free cash flow | $562m | $1.07bn |
| Cash | $860m | $424m |
| Total debt | $0 | $62.3m |
| Debt to equity | 0.0% | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $263m | $901m |
| Employees | 18,000 | — |
| Market value | $9.09bn | $27.06bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 28 (Weak) | 72 (Strong) |
| Insider trades, 12 months | 0 buys, 19 sales | 0 buys, 4 sales |