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

CSX Corporation is the larger business by last-quarter revenue ($3.5B vs $3.1B, roughly 1.1× Chewy, Inc.). CSX Corporation runs the higher net margin — 23.2% vs 1.9%, a 21.3% gap on every dollar of revenue. On growth, Chewy, Inc. posted the faster year-over-year revenue change (8.3% vs 1.7%). CSX Corporation produced more free cash flow last quarter ($793.0M vs $175.8M). Over the past eight quarters, Chewy, Inc.'s revenue compounded faster (4.6% CAGR vs -3.0%).

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.

CSX Transportation, known colloquially as simply CSX, is a Class I freight railroad company operating in the Eastern United States and the Canadian provinces of Ontario and Quebec. Operating about 21,000 route miles (34,000 km) of track, it is the leading subsidiary of CSX Corporation, a Fortune 500 company headquartered in Jacksonville, Florida.

CHWY vs CSX — Head-to-Head

Bigger by revenue
CSX
CSX
1.1× larger
CSX
$3.5B
$3.1B
CHWY
Growing faster (revenue YoY)
CHWY
CHWY
+6.6% gap
CHWY
8.3%
1.7%
CSX
Higher net margin
CSX
CSX
21.3% more per $
CSX
23.2%
1.9%
CHWY
More free cash flow
CSX
CSX
$617.2M more FCF
CSX
$793.0M
$175.8M
CHWY
Faster 2-yr revenue CAGR
CHWY
CHWY
Annualised
CHWY
4.6%
-3.0%
CSX

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
CHWY
CHWY
CSX
CSX
Revenue
$3.1B
$3.5B
Net Profit
$59.2M
$807.0M
Gross Margin
29.8%
Operating Margin
2.1%
29.9%
Net Margin
1.9%
23.2%
Revenue YoY
8.3%
1.7%
Net Profit YoY
1405.6%
401.2%
EPS (diluted)
$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
CHWY
CHWY
CSX
CSX
Q1 26
$3.5B
Q4 25
$3.1B
$3.5B
Q3 25
$3.1B
$3.6B
Q2 25
$3.1B
$3.6B
Q1 25
$3.2B
$3.4B
Q4 24
$2.9B
$3.5B
Q3 24
$2.9B
$3.6B
Q2 24
$2.9B
$3.7B
Net Profit
CHWY
CHWY
CSX
CSX
Q1 26
$807.0M
Q4 25
$59.2M
$720.0M
Q3 25
$62.0M
$694.0M
Q2 25
$62.4M
$829.0M
Q1 25
$22.8M
$646.0M
Q4 24
$3.9M
$720.0M
Q3 24
$299.1M
$894.0M
Q2 24
$66.9M
$963.0M
Gross Margin
CHWY
CHWY
CSX
CSX
Q1 26
Q4 25
29.8%
Q3 25
30.4%
Q2 25
29.6%
Q1 25
28.5%
Q4 24
29.3%
Q3 24
29.5%
Q2 24
29.7%
Operating Margin
CHWY
CHWY
CSX
CSX
Q1 26
29.9%
Q4 25
2.1%
31.6%
Q3 25
2.2%
30.3%
Q2 25
2.5%
35.9%
Q1 25
-0.3%
30.4%
Q4 24
0.9%
30.8%
Q3 24
1.1%
37.4%
Q2 24
2.2%
39.1%
Net Margin
CHWY
CHWY
CSX
CSX
Q1 26
23.2%
Q4 25
1.9%
20.5%
Q3 25
2.0%
19.3%
Q2 25
2.0%
23.2%
Q1 25
0.7%
18.9%
Q4 24
0.1%
20.3%
Q3 24
10.5%
24.7%
Q2 24
2.3%
26.0%
EPS (diluted)
CHWY
CHWY
CSX
CSX
Q1 26
Q4 25
$0.14
$0.39
Q3 25
$0.14
$0.37
Q2 25
$0.15
$0.44
Q1 25
$0.07
$0.34
Q4 24
$0.01
$0.38
Q3 24
$0.68
$0.46
Q2 24
$0.15
$0.49

Balance Sheet & Financial Strength

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

Metric
CHWY
CHWY
CSX
CSX
Cash + ST InvestmentsLiquidity on hand
$701.5M
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$469.4M
$13.6B
Total Assets
$3.3B
$44.2B
Debt / EquityLower = less leverage
1.39×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHWY
CHWY
CSX
CSX
Q1 26
$1.1B
Q4 25
$701.5M
$5.0M
Q3 25
$591.8M
$6.0M
Q2 25
$616.4M
$6.0M
Q1 25
$596.7M
$8.0M
Q4 24
$507.5M
$72.0M
Q3 24
$695.0M
$12.0M
Q2 24
$1.1B
$4.0M
Total Debt
CHWY
CHWY
CSX
CSX
Q1 26
$18.9B
Q4 25
$18.2B
Q3 25
$18.6B
Q2 25
$18.6B
Q1 25
$18.5B
Q4 24
$17.9B
Q3 24
$18.5B
Q2 24
$18.0B
Stockholders' Equity
CHWY
CHWY
CSX
CSX
Q1 26
$13.6B
Q4 25
$469.4M
$13.2B
Q3 25
$389.9M
$12.8B
Q2 25
$375.6M
$12.4B
Q1 25
$261.5M
$12.2B
Q4 24
$223.4M
$12.5B
Q3 24
$486.7M
$12.9B
Q2 24
$642.9M
$12.6B
Total Assets
CHWY
CHWY
CSX
CSX
Q1 26
$44.2B
Q4 25
$3.3B
$43.7B
Q3 25
$3.1B
$43.3B
Q2 25
$3.1B
$42.9B
Q1 25
$3.0B
$43.2B
Q4 24
$3.0B
$42.8B
Q3 24
$3.1B
$43.1B
Q2 24
$3.2B
$42.4B
Debt / Equity
CHWY
CHWY
CSX
CSX
Q1 26
1.39×
Q4 25
1.38×
Q3 25
1.45×
Q2 25
1.50×
Q1 25
1.52×
Q4 24
1.43×
Q3 24
1.43×
Q2 24
1.42×

Cash Flow & Capital Efficiency

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

Metric
CHWY
CHWY
CSX
CSX
Operating Cash FlowLast quarter
$207.9M
$1.3B
Free Cash FlowOCF − Capex
$175.8M
$793.0M
FCF MarginFCF / Revenue
5.6%
22.8%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
3.51×
1.58×
TTM Free Cash FlowTrailing 4 quarters
$487.0M
$2.0B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHWY
CHWY
CSX
CSX
Q1 26
$1.3B
Q4 25
$207.9M
$1.4B
Q3 25
$133.9M
$1.3B
Q2 25
$86.4M
$635.0M
Q1 25
$207.5M
$1.3B
Q4 24
$183.5M
$1.4B
Q3 24
$123.4M
$1.7B
Q2 24
$81.9M
$1.1B
Free Cash Flow
CHWY
CHWY
CSX
CSX
Q1 26
$793.0M
Q4 25
$175.8M
$709.0M
Q3 25
$105.9M
$607.0M
Q2 25
$48.7M
$-141.0M
Q1 25
$156.6M
$536.0M
Q4 24
$151.8M
$550.0M
Q3 24
$91.5M
$1.1B
Q2 24
$52.6M
$547.0M
FCF Margin
CHWY
CHWY
CSX
CSX
Q1 26
22.8%
Q4 25
5.6%
20.2%
Q3 25
3.4%
16.9%
Q2 25
1.6%
-3.9%
Q1 25
4.8%
15.7%
Q4 24
5.3%
15.5%
Q3 24
3.2%
29.3%
Q2 24
1.8%
14.8%
Capex Intensity
CHWY
CHWY
CSX
CSX
Q1 26
Q4 25
1.0%
19.3%
Q3 25
0.9%
20.4%
Q2 25
1.2%
21.7%
Q1 25
1.6%
21.0%
Q4 24
1.1%
23.7%
Q3 24
1.1%
17.3%
Q2 24
1.0%
14.6%
Cash Conversion
CHWY
CHWY
CSX
CSX
Q1 26
1.58×
Q4 25
3.51×
1.93×
Q3 25
2.16×
1.93×
Q2 25
1.38×
0.77×
Q1 25
9.10×
1.94×
Q4 24
46.66×
1.93×
Q3 24
0.41×
1.89×
Q2 24
1.22×
1.13×

Financial Flow Comparison

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

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