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Side-by-side financial comparison of Ball Corporation (BALL) and Chewy, Inc. (CHWY). Click either name above to swap in a different company.

Ball Corporation is the larger business by last-quarter revenue ($3.3B vs $3.1B, roughly 1.1× Chewy, Inc.). Ball Corporation runs the higher net margin — 6.0% vs 1.9%, a 4.1% gap on every dollar of revenue. On growth, Ball Corporation posted the faster year-over-year revenue change (16.2% vs 8.3%). Ball Corporation produced more free cash flow last quarter ($1.0B vs $175.8M). Over the past eight quarters, Ball Corporation's revenue compounded faster (7.9% CAGR vs 4.6%).

Ball Corporation is a leading global provider of innovative, sustainable aluminum packaging solutions for beverage, personal care, and household product brands. It also operates an aerospace segment that delivers advanced technologies, systems, and services to government and commercial customers worldwide, prioritizing environmental responsibility and product reliability across all operations.

Chewy, Inc. is an American online retailer of pet food and other pet-related products based in Plantation, Florida. Chewy went public in 2019 with the ticker symbol CHWY on the New York Stock Exchange.

BALL vs CHWY — Head-to-Head

Bigger by revenue
BALL
BALL
1.1× larger
BALL
$3.3B
$3.1B
CHWY
Growing faster (revenue YoY)
BALL
BALL
+7.9% gap
BALL
16.2%
8.3%
CHWY
Higher net margin
BALL
BALL
4.1% more per $
BALL
6.0%
1.9%
CHWY
More free cash flow
BALL
BALL
$865.2M more FCF
BALL
$1.0B
$175.8M
CHWY
Faster 2-yr revenue CAGR
BALL
BALL
Annualised
BALL
7.9%
4.6%
CHWY

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
BALL
BALL
CHWY
CHWY
Revenue
$3.3B
$3.1B
Net Profit
$200.0M
$59.2M
Gross Margin
29.8%
Operating Margin
7.2%
2.1%
Net Margin
6.0%
1.9%
Revenue YoY
16.2%
8.3%
Net Profit YoY
766.7%
1405.6%
EPS (diluted)
$0.73
$0.14

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
BALL
BALL
CHWY
CHWY
Q4 25
$3.3B
$3.1B
Q3 25
$3.4B
$3.1B
Q2 25
$3.3B
$3.1B
Q1 25
$3.1B
$3.2B
Q4 24
$2.9B
$2.9B
Q3 24
$3.1B
$2.9B
Q2 24
$3.0B
$2.9B
Q1 24
$2.9B
$2.8B
Net Profit
BALL
BALL
CHWY
CHWY
Q4 25
$200.0M
$59.2M
Q3 25
$321.0M
$62.0M
Q2 25
$215.0M
$62.4M
Q1 25
$179.0M
$22.8M
Q4 24
$-30.0M
$3.9M
Q3 24
$199.0M
$299.1M
Q2 24
$159.0M
$66.9M
Q1 24
$3.7B
$34.3M
Gross Margin
BALL
BALL
CHWY
CHWY
Q4 25
29.8%
Q3 25
30.4%
Q2 25
29.6%
Q1 25
28.5%
Q4 24
29.3%
Q3 24
17.7%
29.5%
Q2 24
16.5%
29.7%
Q1 24
16.6%
28.2%
Operating Margin
BALL
BALL
CHWY
CHWY
Q4 25
7.2%
2.1%
Q3 25
11.6%
2.2%
Q2 25
8.0%
2.5%
Q1 25
7.4%
-0.3%
Q4 24
0.2%
0.9%
Q3 24
7.4%
1.1%
Q2 24
6.8%
2.2%
Q1 24
6.8%
-0.7%
Net Margin
BALL
BALL
CHWY
CHWY
Q4 25
6.0%
1.9%
Q3 25
9.5%
2.0%
Q2 25
6.4%
2.0%
Q1 25
5.8%
0.7%
Q4 24
-1.0%
0.1%
Q3 24
6.5%
10.5%
Q2 24
5.4%
2.3%
Q1 24
128.3%
1.2%
EPS (diluted)
BALL
BALL
CHWY
CHWY
Q4 25
$0.73
$0.14
Q3 25
$1.18
$0.14
Q2 25
$0.76
$0.15
Q1 25
$0.63
$0.07
Q4 24
$0.23
$0.01
Q3 24
$0.65
$0.68
Q2 24
$0.51
$0.15
Q1 24
$11.61
$0.08

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BALL
BALL
CHWY
CHWY
Cash + ST InvestmentsLiquidity on hand
$1.2B
$701.5M
Total DebtLower is stronger
$7.0B
Stockholders' EquityBook value
$5.4B
$469.4M
Total Assets
$19.5B
$3.3B
Debt / EquityLower = less leverage
1.29×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BALL
BALL
CHWY
CHWY
Q4 25
$1.2B
$701.5M
Q3 25
$568.0M
$591.8M
Q2 25
$296.0M
$616.4M
Q1 25
$449.0M
$596.7M
Q4 24
$885.0M
$507.5M
Q3 24
$1.4B
$695.0M
Q2 24
$1.3B
$1.1B
Q1 24
$1.7B
$1.1B
Total Debt
BALL
BALL
CHWY
CHWY
Q4 25
$7.0B
Q3 25
$6.9B
Q2 25
$6.5B
Q1 25
$6.1B
Q4 24
$5.3B
Q3 24
$5.4B
Q2 24
$5.5B
Q1 24
$5.5B
Stockholders' Equity
BALL
BALL
CHWY
CHWY
Q4 25
$5.4B
$469.4M
Q3 25
$5.4B
$389.9M
Q2 25
$5.2B
$375.6M
Q1 25
$5.5B
$261.5M
Q4 24
$5.9B
$223.4M
Q3 24
$6.7B
$486.7M
Q2 24
$6.9B
$642.9M
Q1 24
$7.3B
$510.2M
Total Assets
BALL
BALL
CHWY
CHWY
Q4 25
$19.5B
$3.3B
Q3 25
$18.7B
$3.1B
Q2 25
$18.6B
$3.1B
Q1 25
$18.0B
$3.0B
Q4 24
$17.6B
$3.0B
Q3 24
$18.8B
$3.1B
Q2 24
$19.0B
$3.2B
Q1 24
$19.9B
$3.2B
Debt / Equity
BALL
BALL
CHWY
CHWY
Q4 25
1.29×
Q3 25
1.26×
Q2 25
1.24×
Q1 25
1.12×
Q4 24
0.91×
Q3 24
0.80×
Q2 24
0.80×
Q1 24
0.76×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
BALL
BALL
CHWY
CHWY
Operating Cash FlowLast quarter
$1.2B
$207.9M
Free Cash FlowOCF − Capex
$1.0B
$175.8M
FCF MarginFCF / Revenue
31.1%
5.6%
Capex IntensityCapex / Revenue
5.1%
1.0%
Cash ConversionOCF / Net Profit
6.05×
3.51×
TTM Free Cash FlowTrailing 4 quarters
$788.0M
$487.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BALL
BALL
CHWY
CHWY
Q4 25
$1.2B
$207.9M
Q3 25
$384.0M
$133.9M
Q2 25
$332.0M
$86.4M
Q1 25
$-665.0M
$207.5M
Q4 24
$500.0M
$183.5M
Q3 24
$610.0M
$123.4M
Q2 24
$252.0M
$81.9M
Q1 24
$-1.2B
$98.9M
Free Cash Flow
BALL
BALL
CHWY
CHWY
Q4 25
$1.0B
$175.8M
Q3 25
$257.0M
$105.9M
Q2 25
$236.0M
$48.7M
Q1 25
$-746.0M
$156.6M
Q4 24
$393.0M
$151.8M
Q3 24
$493.0M
$91.5M
Q2 24
$146.0M
$52.6M
Q1 24
$-1.4B
$66.5M
FCF Margin
BALL
BALL
CHWY
CHWY
Q4 25
31.1%
5.6%
Q3 25
7.6%
3.4%
Q2 25
7.1%
1.6%
Q1 25
-24.1%
4.8%
Q4 24
13.6%
5.3%
Q3 24
16.0%
3.2%
Q2 24
4.9%
1.8%
Q1 24
-48.7%
2.3%
Capex Intensity
BALL
BALL
CHWY
CHWY
Q4 25
5.1%
1.0%
Q3 25
3.8%
0.9%
Q2 25
2.9%
1.2%
Q1 25
2.6%
1.6%
Q4 24
3.7%
1.1%
Q3 24
3.8%
1.1%
Q2 24
3.6%
1.0%
Q1 24
5.4%
1.1%
Cash Conversion
BALL
BALL
CHWY
CHWY
Q4 25
6.05×
3.51×
Q3 25
1.20×
2.16×
Q2 25
1.54×
1.38×
Q1 25
-3.72×
9.10×
Q4 24
46.66×
Q3 24
3.07×
0.41×
Q2 24
1.58×
1.22×
Q1 24
-0.34×
2.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

BALL
BALL

Transferred Over Time$2.7B82%
Transferred At Point In Time$602.0M18%

CHWY
CHWY

Segment breakdown not available.

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