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

Chewy, Inc. is the larger business by last-quarter revenue ($3.1B vs $2.3B, roughly 1.3× PPL Corporation). PPL Corporation runs the higher net margin — 11.3% vs 1.9%, a 9.4% gap on every dollar of revenue. On growth, Chewy, Inc. posted the faster year-over-year revenue change (8.3% vs 7.2%). Chewy, Inc. produced more free cash flow last quarter ($175.8M vs $-614.0M). Over the past eight quarters, Chewy, Inc.'s revenue compounded faster (4.6% CAGR vs 1.0%).

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.

PPL Corporation is a leading US-based energy utility holding company headquartered in Allentown, Pennsylvania. It delivers electricity and natural gas to approximately 3.5 million residential, commercial and industrial customers across Pennsylvania, Kentucky and Rhode Island, with core focuses on grid modernization, affordable clean energy transition, and reliable sustainable energy services for local communities.

CHWY vs PPL — Head-to-Head

Bigger by revenue
CHWY
CHWY
1.3× larger
CHWY
$3.1B
$2.3B
PPL
Growing faster (revenue YoY)
CHWY
CHWY
+1.1% gap
CHWY
8.3%
7.2%
PPL
Higher net margin
PPL
PPL
9.4% more per $
PPL
11.3%
1.9%
CHWY
More free cash flow
CHWY
CHWY
$789.8M more FCF
CHWY
$175.8M
$-614.0M
PPL
Faster 2-yr revenue CAGR
CHWY
CHWY
Annualised
CHWY
4.6%
1.0%
PPL

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CHWY
CHWY
PPL
PPL
Revenue
$3.1B
$2.3B
Net Profit
$59.2M
$266.0M
Gross Margin
29.8%
Operating Margin
2.1%
20.3%
Net Margin
1.9%
11.3%
Revenue YoY
8.3%
7.2%
Net Profit YoY
1405.6%
50.3%
EPS (diluted)
$0.14
$0.35

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
PPL
PPL
Q4 25
$3.1B
$2.3B
Q3 25
$3.1B
$2.2B
Q2 25
$3.1B
$2.0B
Q1 25
$3.2B
$2.5B
Q4 24
$2.9B
$2.2B
Q3 24
$2.9B
$2.1B
Q2 24
$2.9B
$1.9B
Q1 24
$2.8B
$2.3B
Net Profit
CHWY
CHWY
PPL
PPL
Q4 25
$59.2M
$266.0M
Q3 25
$62.0M
$318.0M
Q2 25
$62.4M
$183.0M
Q1 25
$22.8M
$414.0M
Q4 24
$3.9M
$177.0M
Q3 24
$299.1M
$214.0M
Q2 24
$66.9M
$190.0M
Q1 24
$34.3M
$307.0M
Gross Margin
CHWY
CHWY
PPL
PPL
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%
Q1 24
28.2%
Operating Margin
CHWY
CHWY
PPL
PPL
Q4 25
2.1%
20.3%
Q3 25
2.2%
25.4%
Q2 25
2.5%
19.9%
Q1 25
-0.3%
26.6%
Q4 24
0.9%
17.2%
Q3 24
1.1%
20.6%
Q2 24
2.2%
20.8%
Q1 24
-0.7%
23.7%
Net Margin
CHWY
CHWY
PPL
PPL
Q4 25
1.9%
11.3%
Q3 25
2.0%
14.2%
Q2 25
2.0%
9.0%
Q1 25
0.7%
16.3%
Q4 24
0.1%
8.1%
Q3 24
10.5%
10.3%
Q2 24
2.3%
10.1%
Q1 24
1.2%
13.3%
EPS (diluted)
CHWY
CHWY
PPL
PPL
Q4 25
$0.14
$0.35
Q3 25
$0.14
$0.43
Q2 25
$0.15
$0.25
Q1 25
$0.07
$0.56
Q4 24
$0.01
$0.23
Q3 24
$0.68
$0.29
Q2 24
$0.15
$0.26
Q1 24
$0.08
$0.42

Balance Sheet & Financial Strength

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

Metric
CHWY
CHWY
PPL
PPL
Cash + ST InvestmentsLiquidity on hand
$701.5M
$1.1B
Total DebtLower is stronger
$18.9B
Stockholders' EquityBook value
$469.4M
$14.9B
Total Assets
$3.3B
$45.2B
Debt / EquityLower = less leverage
1.27×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHWY
CHWY
PPL
PPL
Q4 25
$701.5M
$1.1B
Q3 25
$591.8M
$1.1B
Q2 25
$616.4M
$294.0M
Q1 25
$596.7M
$312.0M
Q4 24
$507.5M
$306.0M
Q3 24
$695.0M
$542.0M
Q2 24
$1.1B
$282.0M
Q1 24
$1.1B
$276.0M
Total Debt
CHWY
CHWY
PPL
PPL
Q4 25
$18.9B
Q3 25
Q2 25
Q1 25
Q4 24
$16.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
CHWY
CHWY
PPL
PPL
Q4 25
$469.4M
$14.9B
Q3 25
$389.9M
$14.4B
Q2 25
$375.6M
$14.3B
Q1 25
$261.5M
$14.3B
Q4 24
$223.4M
$14.1B
Q3 24
$486.7M
$14.1B
Q2 24
$642.9M
$14.1B
Q1 24
$510.2M
$14.1B
Total Assets
CHWY
CHWY
PPL
PPL
Q4 25
$3.3B
$45.2B
Q3 25
$3.1B
$43.9B
Q2 25
$3.1B
$42.4B
Q1 25
$3.0B
$41.8B
Q4 24
$3.0B
$41.1B
Q3 24
$3.1B
$40.5B
Q2 24
$3.2B
$39.8B
Q1 24
$3.2B
$39.6B
Debt / Equity
CHWY
CHWY
PPL
PPL
Q4 25
1.27×
Q3 25
Q2 25
Q1 25
Q4 24
1.17×
Q3 24
Q2 24
Q1 24

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
PPL
PPL
Operating Cash FlowLast quarter
$207.9M
$548.0M
Free Cash FlowOCF − Capex
$175.8M
$-614.0M
FCF MarginFCF / Revenue
5.6%
-26.1%
Capex IntensityCapex / Revenue
1.0%
49.5%
Cash ConversionOCF / Net Profit
3.51×
2.06×
TTM Free Cash FlowTrailing 4 quarters
$487.0M
$-1.4B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHWY
CHWY
PPL
PPL
Q4 25
$207.9M
$548.0M
Q3 25
$133.9M
$966.0M
Q2 25
$86.4M
$602.0M
Q1 25
$207.5M
$513.0M
Q4 24
$183.5M
$511.0M
Q3 24
$123.4M
$781.0M
Q2 24
$81.9M
$766.0M
Q1 24
$98.9M
$282.0M
Free Cash Flow
CHWY
CHWY
PPL
PPL
Q4 25
$175.8M
$-614.0M
Q3 25
$105.9M
$-179.0M
Q2 25
$48.7M
$-328.0M
Q1 25
$156.6M
$-280.0M
Q4 24
$151.8M
$-349.0M
Q3 24
$91.5M
$102.0M
Q2 24
$52.6M
$96.0M
Q1 24
$66.5M
$-314.0M
FCF Margin
CHWY
CHWY
PPL
PPL
Q4 25
5.6%
-26.1%
Q3 25
3.4%
-8.0%
Q2 25
1.6%
-16.1%
Q1 25
4.8%
-11.0%
Q4 24
5.3%
-15.9%
Q3 24
3.2%
4.9%
Q2 24
1.8%
5.1%
Q1 24
2.3%
-13.6%
Capex Intensity
CHWY
CHWY
PPL
PPL
Q4 25
1.0%
49.5%
Q3 25
0.9%
51.2%
Q2 25
1.2%
45.6%
Q1 25
1.6%
31.2%
Q4 24
1.1%
39.3%
Q3 24
1.1%
32.7%
Q2 24
1.0%
35.8%
Q1 24
1.1%
25.9%
Cash Conversion
CHWY
CHWY
PPL
PPL
Q4 25
3.51×
2.06×
Q3 25
2.16×
3.04×
Q2 25
1.38×
3.29×
Q1 25
9.10×
1.24×
Q4 24
46.66×
2.89×
Q3 24
0.41×
3.65×
Q2 24
1.22×
4.03×
Q1 24
2.89×
0.92×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHWY
CHWY

Segment breakdown not available.

PPL
PPL

Rhode Island Regulated$539.0M23%
Other$532.0M23%
Residential$451.0M19%
Nonrelated Party$425.0M18%
Transmission$228.0M10%
Commercial$117.0M5%
Wholesale Other$23.0M1%
Industrial$14.0M1%
Related Party$13.0M1%
Wholesale Municipal$6.0M0%

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