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

EchoStar CORP is the larger business by last-quarter revenue ($3.8B vs $3.1B, roughly 1.2× Chewy, Inc.). Chewy, Inc. runs the higher net margin — 1.9% vs -31.8%, a 33.7% gap on every dollar of revenue. On growth, Chewy, Inc. posted the faster year-over-year revenue change (8.3% vs -4.3%). Chewy, Inc. produced more free cash flow last quarter ($175.8M vs $-583.4M). Over the past eight quarters, Chewy, Inc.'s revenue compounded faster (4.6% CAGR vs -2.8%).

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.

TiVo Inc. v. EchoStar Corp. is a case stretching from 2004 to 2011, which took place in the United States District Court for the Eastern District of Texas and the United States Court of Appeals for the Federal Circuit. TiVo Inc. sued EchoStar Corp. claiming patent infringement of a DVR technology. The issues addressed during litigation included patent infringement, wording of injunctions, infringing product redesign, contempt of court orders, and contempt sanctions. Ultimately, the court held...

CHWY vs SATS — Head-to-Head

Bigger by revenue
SATS
SATS
1.2× larger
SATS
$3.8B
$3.1B
CHWY
Growing faster (revenue YoY)
CHWY
CHWY
+12.6% gap
CHWY
8.3%
-4.3%
SATS
Higher net margin
CHWY
CHWY
33.7% more per $
CHWY
1.9%
-31.8%
SATS
More free cash flow
CHWY
CHWY
$759.2M more FCF
CHWY
$175.8M
$-583.4M
SATS
Faster 2-yr revenue CAGR
CHWY
CHWY
Annualised
CHWY
4.6%
-2.8%
SATS

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
CHWY
CHWY
SATS
SATS
Revenue
$3.1B
$3.8B
Net Profit
$59.2M
$-1.2B
Gross Margin
29.8%
Operating Margin
2.1%
-20.5%
Net Margin
1.9%
-31.8%
Revenue YoY
8.3%
-4.3%
Net Profit YoY
1405.6%
-460.1%
EPS (diluted)
$0.14
$-4.27

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
SATS
SATS
Q4 25
$3.1B
$3.8B
Q3 25
$3.1B
$3.6B
Q2 25
$3.1B
$3.7B
Q1 25
$3.2B
$3.9B
Q4 24
$2.9B
$4.0B
Q3 24
$2.9B
$3.9B
Q2 24
$2.9B
$4.0B
Q1 24
$2.8B
$4.0B
Net Profit
CHWY
CHWY
SATS
SATS
Q4 25
$59.2M
$-1.2B
Q3 25
$62.0M
$-12.8B
Q2 25
$62.4M
$-306.1M
Q1 25
$22.8M
$-202.7M
Q4 24
$3.9M
$335.2M
Q3 24
$299.1M
$-141.8M
Q2 24
$66.9M
$-205.6M
Q1 24
$34.3M
$-107.4M
Gross Margin
CHWY
CHWY
SATS
SATS
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
SATS
SATS
Q4 25
2.1%
-20.5%
Q3 25
2.2%
-460.5%
Q2 25
2.5%
-5.7%
Q1 25
-0.3%
-2.3%
Q4 24
0.9%
-1.6%
Q3 24
1.1%
-4.1%
Q2 24
2.2%
-1.7%
Q1 24
-0.7%
-0.4%
Net Margin
CHWY
CHWY
SATS
SATS
Q4 25
1.9%
-31.8%
Q3 25
2.0%
-353.6%
Q2 25
2.0%
-8.2%
Q1 25
0.7%
-5.2%
Q4 24
0.1%
8.5%
Q3 24
10.5%
-3.6%
Q2 24
2.3%
-5.2%
Q1 24
1.2%
-2.7%
EPS (diluted)
CHWY
CHWY
SATS
SATS
Q4 25
$0.14
$-4.27
Q3 25
$0.14
$-44.37
Q2 25
$0.15
$-1.06
Q1 25
$0.07
$-0.71
Q4 24
$0.01
$1.24
Q3 24
$0.68
$-0.52
Q2 24
$0.15
$-0.76
Q1 24
$0.08
$-0.40

Balance Sheet & Financial Strength

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

Metric
CHWY
CHWY
SATS
SATS
Cash + ST InvestmentsLiquidity on hand
$701.5M
$3.0B
Total DebtLower is stronger
$18.7B
Stockholders' EquityBook value
$469.4M
$5.8B
Total Assets
$3.3B
$43.0B
Debt / EquityLower = less leverage
3.24×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CHWY
CHWY
SATS
SATS
Q4 25
$701.5M
$3.0B
Q3 25
$591.8M
$3.9B
Q2 25
$616.4M
$4.3B
Q1 25
$596.7M
$5.1B
Q4 24
$507.5M
$5.5B
Q3 24
$695.0M
$674.4M
Q2 24
$1.1B
$520.6M
Q1 24
$1.1B
$766.4M
Total Debt
CHWY
CHWY
SATS
SATS
Q4 25
$18.7B
Q3 25
$21.8B
Q2 25
$25.4B
Q1 25
$25.3B
Q4 24
$25.7B
Q3 24
Q2 24
Q1 24
$951.0M
Stockholders' Equity
CHWY
CHWY
SATS
SATS
Q4 25
$469.4M
$5.8B
Q3 25
$389.9M
$7.0B
Q2 25
$375.6M
$19.7B
Q1 25
$261.5M
$20.0B
Q4 24
$223.4M
$20.2B
Q3 24
$486.7M
$19.4B
Q2 24
$642.9M
$19.6B
Q1 24
$510.2M
$19.8B
Total Assets
CHWY
CHWY
SATS
SATS
Q4 25
$3.3B
$43.0B
Q3 25
$3.1B
$45.3B
Q2 25
$3.1B
$59.9B
Q1 25
$3.0B
$60.6B
Q4 24
$3.0B
$60.9B
Q3 24
$3.1B
$57.5B
Q2 24
$3.2B
$55.3B
Q1 24
$3.2B
$55.6B
Debt / Equity
CHWY
CHWY
SATS
SATS
Q4 25
3.24×
Q3 25
3.13×
Q2 25
1.29×
Q1 25
1.27×
Q4 24
1.27×
Q3 24
Q2 24
Q1 24
0.05×

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
SATS
SATS
Operating Cash FlowLast quarter
$207.9M
$-425.3M
Free Cash FlowOCF − Capex
$175.8M
$-583.4M
FCF MarginFCF / Revenue
5.6%
-15.4%
Capex IntensityCapex / Revenue
1.0%
4.2%
Cash ConversionOCF / Net Profit
3.51×
TTM Free Cash FlowTrailing 4 quarters
$487.0M
$-1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CHWY
CHWY
SATS
SATS
Q4 25
$207.9M
$-425.3M
Q3 25
$133.9M
$111.7M
Q2 25
$86.4M
$7.5M
Q1 25
$207.5M
$206.8M
Q4 24
$183.5M
$45.6M
Q3 24
$123.4M
$276.2M
Q2 24
$81.9M
$479.7M
Q1 24
$98.9M
$451.3M
Free Cash Flow
CHWY
CHWY
SATS
SATS
Q4 25
$175.8M
$-583.4M
Q3 25
$105.9M
$-144.4M
Q2 25
$48.7M
$-285.7M
Q1 25
$156.6M
$-51.7M
Q4 24
$151.8M
$-298.7M
Q3 24
$91.5M
$-57.5M
Q2 24
$52.6M
$132.4M
Q1 24
$66.5M
$-68.4M
FCF Margin
CHWY
CHWY
SATS
SATS
Q4 25
5.6%
-15.4%
Q3 25
3.4%
-4.0%
Q2 25
1.6%
-7.7%
Q1 25
4.8%
-1.3%
Q4 24
5.3%
-7.5%
Q3 24
3.2%
-1.5%
Q2 24
1.8%
3.3%
Q1 24
2.3%
-1.7%
Capex Intensity
CHWY
CHWY
SATS
SATS
Q4 25
1.0%
4.2%
Q3 25
0.9%
7.1%
Q2 25
1.2%
7.9%
Q1 25
1.6%
6.7%
Q4 24
1.1%
8.7%
Q3 24
1.1%
8.6%
Q2 24
1.0%
8.8%
Q1 24
1.1%
12.9%
Cash Conversion
CHWY
CHWY
SATS
SATS
Q4 25
3.51×
Q3 25
2.16×
Q2 25
1.38×
Q1 25
9.10×
Q4 24
46.66×
0.14×
Q3 24
0.41×
Q2 24
1.22×
Q1 24
2.89×

Financial Flow Comparison

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

Revenue Breakdown by Segment

CHWY
CHWY

Segment breakdown not available.

SATS
SATS

Pay Tv$2.4B62%
Wireless Services And Related Revenue$846.5M22%
Equipment Sales And Other Revenue$346.5M9%
Broadband And Satellite Services And Other Revenue$264.1M7%

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