Petco Health & Wellness Company, Inc. key statistics and ratios

In fiscal 2026, Petco Health & Wellness Company, Inc. had return on equity of 0.8%, an operating margin of 2.0%, debt equal to 127.9% of equity and a current ratio of 0.90. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Petco Health & Wellness Company, Inc.: financial ratios, annual
Fiscal year	2020Feb 2020	2021Jan 2021	2022Jan 2022	2023Jan 2023	2024Feb 2024	2025Feb 2025	2026Jan 2026	LTMAug 2026
Gross margin	43.0%	42.8%	41.8%	40.2%	37.6%	38.0%	38.7%	38.8%
Operating margin	2.5%	4.0%	4.6%	3.7%	−18.9%	0.1%	2.0%	2.2%
Net margin	−2.2%	−0.5%	2.8%	1.5%	−20.5%	−1.7%	0.2%	0.5%
Free-cash-flow margin	−1.1%	2.2%	2.1%	1.1%	−0.2%	0.8%	3.1%	4.0%
Return on equity	−17.1%	−2.0%	7.6%	3.9%	−71.8%	−8.9%	0.8%	2.6%
Return on assets	—	−0.4%	2.6%	1.4%	−21.4%	−1.9%	0.2%	0.6%
Asset turnover	—	0.81	0.92	0.92	1.04	1.16	1.15	1.15
Current ratio	—	0.89	1.02	0.99	0.85	0.85	0.90	0.90
Debt to equity	—	79.6%	72.1%	68.4%	133.1%	141.7%	127.9%	73.3%
Interest cover (operating income ÷ interest)	0.4x	0.9x	3.4x	2.2x	n/m	0.0x	0.9x	1.0x
Effective tax rate	—	—	26.4%	31.5%	—	—	40.9%	−43.0%
SG&A as % of revenue	40.1%	38.9%	37.2%	36.5%	37.0%	37.9%	36.6%	36.6%
Capital spending as % of revenue	3.5%	3.2%	4.1%	4.6%	3.6%	2.1%	2.1%	2.3%
Free cash flow ÷ net income	—	—	72.4%	74.9%	—	—	>999%	785.7%
Dividends and buybacks ÷ free cash flow	—	0.1%	—	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Petco Health & Wellness Company, Inc.: financial ratios, quarterly
Quarter	2025 Q3Nov 2024	2025 Q4Feb 2025	2026 Q1May 2025	2026 Q2Aug 2025	2026 Q3Nov 2025	2026 Q4Jan 2026	2027 Q1May 2026	2027 Q2Aug 2026
Gross margin	38.1%	38.0%	38.2%	39.3%	38.9%	38.3%	38.4%	39.7%
Operating margin	0.3%	1.1%	1.1%	2.9%	2.0%	2.1%	1.6%	3.2%
Net margin	−1.1%	−0.9%	−0.8%	0.9%	0.6%	−0.2%	−1.0%	2.6%
Free-cash-flow margin	−0.7%	3.8%	−2.9%	3.6%	4.1%	7.7%	−4.6%	8.7%
Current ratio	0.84	0.85	0.85	0.89	0.91	0.90	0.85	0.90
Debt to equity	140.4%	141.7%	142.6%	138.8%	136.7%	127.9%	51.1%	48.9%
SG&A as % of revenue	37.8%	36.8%	37.1%	36.4%	36.9%	36.2%	36.7%	36.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 7 checks passed · August 1, 2026

What it owns · $5.2bn

Short-term assets $1.1bnLonger-term assets $4.1bn

What it owes, and who funded it · $5.2bn

Short-term liabilities $1.2bnLonger-term liabilities $2.8bnShareholders' equity $1.2bn

Short-term assets cover short-term liabilities $1.1bn of assets due within a year against $1.2bn of liabilities due within a year.
Short-term assets cover long-term liabilities $1.1bn short-term assets against $2.8bn of longer-dated liabilities.
More cash than debt $293m of cash against $591m of debt.
Debt below 40% of shareholders' equity Debt is 49% of equity.
Debt burden no higher than five years ago Debt to equity moved from 72% to 49% over five years.
A year's operating cash flow covers at least 20% of debt $374m of operating cash flow against $591m of debt.
Operating profit covers interest at least five times over Operating income of $133m against $130m of interest.

From Petco Health & Wellness Company, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

22 /100

Weak moat

How hard Petco Health & Wellness's competitive advantage looks for rivals to wear away, judged from 6 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 1 / 20

Cash operating profit has been a median 2.3% of total assets over 5 years.
Pricing power 14 / 20

Gross margin has been a median 39.1%, moving by 1.7 percentage points (standard deviation) across 6 years.
Durability 0 / 20

Operating margin has been a median 2.6%; its worst year was -20.0%.
Cash conversion 7 / 20

Free cash flow was positive in 4 of 6 years, at a median 1.5% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (27 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Petco Health & Wellness Company, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Petco Health & Wellness Company, Inc.