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

Raymond James Financial is the larger business by last-quarter revenue ($3.9B vs $3.1B, roughly 1.2× Chewy, Inc.). Raymond James Financial runs the higher net margin — 14.1% vs 1.9%, a 12.2% gap on every dollar of revenue. On growth, Raymond James Financial posted the faster year-over-year revenue change (13.0% vs 8.3%). Over the past eight quarters, Chewy, Inc.'s revenue compounded faster (4.6% CAGR vs 1.3%).

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.

Raymond James Financial, Inc. is an American multinational independent investment bank and financial services company providing financial services to individuals, corporations, and municipalities through its subsidiary companies that engage primarily in investment and financial planning, in addition to investment banking and asset management. The company is headquartered in St. Petersburg, Florida.

CHWY vs RJF — Head-to-Head

Bigger by revenue
RJF
RJF
1.2× larger
RJF
$3.9B
$3.1B
CHWY
Growing faster (revenue YoY)
RJF
RJF
+4.7% gap
RJF
13.0%
8.3%
CHWY
Higher net margin
RJF
RJF
12.2% more per $
RJF
14.1%
1.9%
CHWY
Faster 2-yr revenue CAGR
CHWY
CHWY
Annualised
CHWY
4.6%
1.3%
RJF

Income Statement — Q3 FY2026 vs Q2 FY2026

Metric
CHWY
CHWY
RJF
RJF
Revenue
$3.1B
$3.9B
Net Profit
$59.2M
$544.0M
Gross Margin
29.8%
Operating Margin
2.1%
Net Margin
1.9%
14.1%
Revenue YoY
8.3%
13.0%
Net Profit YoY
1405.6%
10.0%
EPS (diluted)
$0.14
$2.83

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
RJF
RJF
Q1 26
$3.9B
Q4 25
$3.1B
$4.2B
Q3 25
$3.1B
$4.2B
Q2 25
$3.1B
$3.8B
Q1 25
$3.2B
$3.8B
Q4 24
$2.9B
$4.0B
Q3 24
$2.9B
$4.0B
Q2 24
$2.9B
$3.8B
Net Profit
CHWY
CHWY
RJF
RJF
Q1 26
$544.0M
Q4 25
$59.2M
$563.0M
Q3 25
$62.0M
$604.0M
Q2 25
$62.4M
$436.0M
Q1 25
$22.8M
$495.0M
Q4 24
$3.9M
$600.0M
Q3 24
$299.1M
$602.0M
Q2 24
$66.9M
$492.0M
Gross Margin
CHWY
CHWY
RJF
RJF
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
RJF
RJF
Q1 26
Q4 25
2.1%
Q3 25
2.2%
Q2 25
2.5%
14.7%
Q1 25
-0.3%
17.5%
Q4 24
0.9%
18.6%
Q3 24
1.1%
Q2 24
2.2%
17.1%
Net Margin
CHWY
CHWY
RJF
RJF
Q1 26
14.1%
Q4 25
1.9%
13.5%
Q3 25
2.0%
14.4%
Q2 25
2.0%
11.3%
Q1 25
0.7%
12.9%
Q4 24
0.1%
14.9%
Q3 24
10.5%
15.0%
Q2 24
2.3%
13.1%
EPS (diluted)
CHWY
CHWY
RJF
RJF
Q1 26
$2.83
Q4 25
$0.14
$2.79
Q3 25
$0.14
$2.96
Q2 25
$0.15
$2.12
Q1 25
$0.07
$2.36
Q4 24
$0.01
$2.86
Q3 24
$0.68
$2.85
Q2 24
$0.15
$2.31

Balance Sheet & Financial Strength

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

Metric
CHWY
CHWY
RJF
RJF
Cash + ST InvestmentsLiquidity on hand
$701.5M
$5.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$469.4M
$52.0M
Total Assets
$3.3B
$91.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHWY
CHWY
RJF
RJF
Q1 26
$5.4B
Q4 25
$701.5M
$9.9B
Q3 25
$591.8M
$11.4B
Q2 25
$616.4M
$9.2B
Q1 25
$596.7M
$9.7B
Q4 24
$507.5M
$10.0B
Q3 24
$695.0M
$11.0B
Q2 24
$1.1B
$9.1B
Stockholders' Equity
CHWY
CHWY
RJF
RJF
Q1 26
$52.0M
Q4 25
$469.4M
$12.6B
Q3 25
$389.9M
$12.5B
Q2 25
$375.6M
$12.3B
Q1 25
$261.5M
$12.2B
Q4 24
$223.4M
$11.9B
Q3 24
$486.7M
$11.7B
Q2 24
$642.9M
$11.2B
Total Assets
CHWY
CHWY
RJF
RJF
Q1 26
$91.9B
Q4 25
$3.3B
$88.8B
Q3 25
$3.1B
$88.2B
Q2 25
$3.1B
$84.8B
Q1 25
$3.0B
$83.1B
Q4 24
$3.0B
$82.3B
Q3 24
$3.1B
$83.0B
Q2 24
$3.2B
$80.6B

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
RJF
RJF
Operating Cash FlowLast quarter
$207.9M
Free Cash FlowOCF − Capex
$175.8M
FCF MarginFCF / Revenue
5.6%
Capex IntensityCapex / Revenue
1.0%
Cash ConversionOCF / Net Profit
3.51×
TTM Free Cash FlowTrailing 4 quarters
$487.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHWY
CHWY
RJF
RJF
Q1 26
Q4 25
$207.9M
$-10.0M
Q3 25
$133.9M
$796.0M
Q2 25
$86.4M
$691.0M
Q1 25
$207.5M
$117.0M
Q4 24
$183.5M
$830.0M
Q3 24
$123.4M
$510.0M
Q2 24
$81.9M
$711.0M
Free Cash Flow
CHWY
CHWY
RJF
RJF
Q1 26
Q4 25
$175.8M
$-56.0M
Q3 25
$105.9M
$752.0M
Q2 25
$48.7M
$634.0M
Q1 25
$156.6M
$71.0M
Q4 24
$151.8M
$789.0M
Q3 24
$91.5M
$460.0M
Q2 24
$52.6M
$655.0M
FCF Margin
CHWY
CHWY
RJF
RJF
Q1 26
Q4 25
5.6%
-1.3%
Q3 25
3.4%
17.9%
Q2 25
1.6%
16.5%
Q1 25
4.8%
1.8%
Q4 24
5.3%
19.6%
Q3 24
3.2%
11.5%
Q2 24
1.8%
17.4%
Capex Intensity
CHWY
CHWY
RJF
RJF
Q1 26
Q4 25
1.0%
1.1%
Q3 25
0.9%
1.1%
Q2 25
1.2%
1.5%
Q1 25
1.6%
1.2%
Q4 24
1.1%
1.0%
Q3 24
1.1%
1.2%
Q2 24
1.0%
1.5%
Cash Conversion
CHWY
CHWY
RJF
RJF
Q1 26
Q4 25
3.51×
-0.02×
Q3 25
2.16×
1.32×
Q2 25
1.38×
1.58×
Q1 25
9.10×
0.24×
Q4 24
46.66×
1.38×
Q3 24
0.41×
0.85×
Q2 24
1.22×
1.45×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHWY
CHWY

Segment breakdown not available.

RJF
RJF

Private Client Group$2.8B73%
Bank$486.0M13%
Capital Markets$464.0M12%
Other$99.0M3%

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