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Side-by-side financial comparison of Chewy, Inc. (CHWY) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Chewy, Inc. is the larger business by last-quarter revenue ($3.1B vs $1.6B, roughly 1.9× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 1.9%, a 4.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 8.3%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $175.8M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 4.6%).
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.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
CHWY vs TOST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $3.1B | $1.6B |
| Net Profit | $59.2M | $101.0M |
| Gross Margin | 29.8% | 25.9% |
| Operating Margin | 2.1% | 5.2% |
| Net Margin | 1.9% | 6.2% |
| Revenue YoY | 8.3% | 22.0% |
| Net Profit YoY | 1405.6% | 215.6% |
| EPS (diluted) | $0.14 | $0.18 |
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.
| Q4 25 | $3.1B | $1.6B | ||
| Q3 25 | $3.1B | $1.6B | ||
| Q2 25 | $3.1B | $1.6B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $2.9B | $1.3B | ||
| Q3 24 | $2.9B | $1.3B | ||
| Q2 24 | $2.9B | $1.2B | ||
| Q1 24 | $2.8B | $1.1B |
| Q4 25 | $59.2M | $101.0M | ||
| Q3 25 | $62.0M | $105.0M | ||
| Q2 25 | $62.4M | $80.0M | ||
| Q1 25 | $22.8M | $56.0M | ||
| Q4 24 | $3.9M | $32.0M | ||
| Q3 24 | $299.1M | $56.0M | ||
| Q2 24 | $66.9M | $14.0M | ||
| Q1 24 | $34.3M | $-83.0M |
| Q4 25 | 29.8% | 25.9% | ||
| Q3 25 | 30.4% | 26.5% | ||
| Q2 25 | 29.6% | 25.3% | ||
| Q1 25 | 28.5% | 25.9% | ||
| Q4 24 | 29.3% | 24.9% | ||
| Q3 24 | 29.5% | 24.7% | ||
| Q2 24 | 29.7% | 23.0% | ||
| Q1 24 | 28.2% | 23.2% |
| Q4 25 | 2.1% | 5.2% | ||
| Q3 25 | 2.2% | 5.1% | ||
| Q2 25 | 2.5% | 5.2% | ||
| Q1 25 | -0.3% | 3.2% | ||
| Q4 24 | 0.9% | 2.5% | ||
| Q3 24 | 1.1% | 2.6% | ||
| Q2 24 | 2.2% | 0.4% | ||
| Q1 24 | -0.7% | -5.2% |
| Q4 25 | 1.9% | 6.2% | ||
| Q3 25 | 2.0% | 6.4% | ||
| Q2 25 | 2.0% | 5.2% | ||
| Q1 25 | 0.7% | 4.2% | ||
| Q4 24 | 0.1% | 2.4% | ||
| Q3 24 | 10.5% | 4.3% | ||
| Q2 24 | 2.3% | 1.1% | ||
| Q1 24 | 1.2% | -7.7% |
| Q4 25 | $0.14 | $0.18 | ||
| Q3 25 | $0.14 | $0.16 | ||
| Q2 25 | $0.15 | $0.13 | ||
| Q1 25 | $0.07 | $0.09 | ||
| Q4 24 | $0.01 | $0.09 | ||
| Q3 24 | $0.68 | $0.07 | ||
| Q2 24 | $0.15 | $0.02 | ||
| Q1 24 | $0.08 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $701.5M | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $469.4M | $2.1B |
| Total Assets | $3.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $701.5M | $1.4B | ||
| Q3 25 | $591.8M | $1.4B | ||
| Q2 25 | $616.4M | $1.2B | ||
| Q1 25 | $596.7M | $1.0B | ||
| Q4 24 | $507.5M | $903.0M | ||
| Q3 24 | $695.0M | $761.0M | ||
| Q2 24 | $1.1B | $691.0M | ||
| Q1 24 | $1.1B | $578.0M |
| Q4 25 | $469.4M | $2.1B | ||
| Q3 25 | $389.9M | $2.0B | ||
| Q2 25 | $375.6M | $1.8B | ||
| Q1 25 | $261.5M | $1.7B | ||
| Q4 24 | $223.4M | $1.5B | ||
| Q3 24 | $486.7M | $1.4B | ||
| Q2 24 | $642.9M | $1.3B | ||
| Q1 24 | $510.2M | $1.2B |
| Q4 25 | $3.3B | $3.1B | ||
| Q3 25 | $3.1B | $3.0B | ||
| Q2 25 | $3.1B | $2.8B | ||
| Q1 25 | $3.0B | $2.6B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.2B | $2.2B | ||
| Q1 24 | $3.2B | $2.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $207.9M | $194.0M |
| Free Cash FlowOCF − Capex | $175.8M | $178.0M |
| FCF MarginFCF / Revenue | 5.6% | 10.9% |
| Capex IntensityCapex / Revenue | 1.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 3.51× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $487.0M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $207.9M | $194.0M | ||
| Q3 25 | $133.9M | $165.0M | ||
| Q2 25 | $86.4M | $223.0M | ||
| Q1 25 | $207.5M | $79.0M | ||
| Q4 24 | $183.5M | $147.0M | ||
| Q3 24 | $123.4M | $109.0M | ||
| Q2 24 | $81.9M | $124.0M | ||
| Q1 24 | $98.9M | $-20.0M |
| Q4 25 | $175.8M | $178.0M | ||
| Q3 25 | $105.9M | $153.0M | ||
| Q2 25 | $48.7M | $208.0M | ||
| Q1 25 | $156.6M | $69.0M | ||
| Q4 24 | $151.8M | $134.0M | ||
| Q3 24 | $91.5M | $97.0M | ||
| Q2 24 | $52.6M | $108.0M | ||
| Q1 24 | $66.5M | $-33.0M |
| Q4 25 | 5.6% | 10.9% | ||
| Q3 25 | 3.4% | 9.4% | ||
| Q2 25 | 1.6% | 13.4% | ||
| Q1 25 | 4.8% | 5.2% | ||
| Q4 24 | 5.3% | 10.0% | ||
| Q3 24 | 3.2% | 7.4% | ||
| Q2 24 | 1.8% | 8.7% | ||
| Q1 24 | 2.3% | -3.1% |
| Q4 25 | 1.0% | 1.0% | ||
| Q3 25 | 0.9% | 0.7% | ||
| Q2 25 | 1.2% | 1.0% | ||
| Q1 25 | 1.6% | 0.7% | ||
| Q4 24 | 1.1% | 1.0% | ||
| Q3 24 | 1.1% | 0.9% | ||
| Q2 24 | 1.0% | 1.3% | ||
| Q1 24 | 1.1% | 1.2% |
| Q4 25 | 3.51× | 1.92× | ||
| Q3 25 | 2.16× | 1.57× | ||
| Q2 25 | 1.38× | 2.79× | ||
| Q1 25 | 9.10× | 1.41× | ||
| Q4 24 | 46.66× | 4.59× | ||
| Q3 24 | 0.41× | 1.95× | ||
| Q2 24 | 1.22× | 8.86× | ||
| Q1 24 | 2.89× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CHWY
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
