Costco

Consumer Staples Consumer Staples Merchandise Retail Issaquah, Washington Last filing Oct 8, 2025 · FY2025

                    Revenue
                    FY2025
                
$275.2B
                    3y CAGR +6.6%
                    
                    P89
                    
                    +8.2%
                    
                    Net income
                    FY2025
                
$8.1B
                    Net margin +2.9%
                    
                    P39
                    
                    +9.9%
                    
                    Total assets
                    FY2025
                
$77.1B
                    ROA +10.5%
                    
                    P75
                    
                    +10.4%
                    
                    Operating cash flow
                    FY2025
                
$13.3B
                    FCF margin +2.8%
                    
                    P17
                    
                    +17.6%

18 yrs · FY2008–FY2025 9 filed · 0 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 5 years

Total assets $77.1B

Total liabilities $47.9B

Shareholders equity $29.2B

Account	2025	2024	2023	2022	2021
Assets
Cash and Cash Equivalents	18.4%	14.2%	19.9%	15.9%	19.0%
Short Term Investments	1.5%	1.8%	2.2%	1.3%	1.5%
Accounts Receivable	4.2%	3.9%	3.3%	3.5%	3.0%
Inventory	23.5%	26.7%	24.1%	27.9%	24.0%
Other Current Assets	2.3%	2.5%	2.5%	2.3%	2.2%
Total Current Assets	49.8%	49.0%	52.0%	51.0%	49.8%
Property,Plant and Equipment	41.4%	41.6%	38.7%	38.4%	39.6%
Operating Lease Assets	3.5%	3.7%	3.9%	4.3%	4.9%
Other Noncurrent Assets	5.3%	5.6%	5.4%	6.3%	5.7%
Total Assets	100.0%	100.0%	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	25.7%	27.8%	25.3%	27.8%	27.5%
Accrued Liabilities	10.2%	10.4%	9.3%	9.8%	9.7%
Deferred Revenue	3.7%	3.6%	3.4%	3.4%	3.4%
Other Current Liabilities	8.5%	9.0%	9.1%	8.7%	7.7%
Total Current Liabilities	48.1%	50.8%	48.7%	49.9%	49.7%
Long Term Debt	7.4%	8.3%	7.8%	10.1%	11.3%
Operating Lease Liabilities Noncurrent	3.2%	3.4%	3.5%	3.9%	4.5%
Other Noncurrent Liabilities	3.4%	3.7%	3.7%	4.0%	4.1%
Total Liabilities	62.2%	66.2%	63.7%	67.8%	69.5%
Equity
Preferred Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Common Stock	0.0%	0.0%	0.0%	0.0%	0.0%
Additional Paid In Capital	10.7%	11.2%	10.6%	10.7%	11.9%
Retained Earnings	29.4%	25.2%	28.3%	24.3%	19.7%
Accumulated Other Comprehensive Income	-2.3%	-2.6%	-2.6%	-2.9%	-1.9%
Total Stockholders Equity	37.8%	33.8%	36.3%	32.2%	29.6%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

12 accounts · 5 years

Revenue $275.2B

Operating income $10.4B

Net income $8.1B

Account	2025	2024	2023	2022	2021
IncomeStatement
Revenues Total Revenue	357.0%	364.4%	351.2%	353.7%	330.6%
Expenses Cost of Revenue	311.1%	318.4%	308.1%	310.7%	288.0%
Expenses Selling,General and Administrative	32.4%	32.7%	31.3%	30.8%	31.3%
Other Income Expense Operating Income	13.5%	13.3%	11.8%	12.1%	11.3%
Other Income Expense Interest Expense	0.2%	0.2%	0.2%	0.2%	0.3%
Income Tax Income Tax Expense	3.5%	3.4%	3.2%	3.0%	2.7%
net Income Other Items Below Tax	0.8%	0.9%	0.8%	-0.1%	-0.1%
net Income net Income	10.5%	10.5%	9.1%	9.1%	8.4%
net Income Comprehensive Income	10.6%	10.5%	9.2%	8.0%	8.7%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	0.6%	0.6%	0.6%	0.7%	0.7%

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 5 years

Operating cash flow $13.3B

Investing cash flow $-5.3B

Financing cash flow $-3.8B

Account	2025	2024	2023	2022	2021
CashFlow
Operating Activities net Income	10.5%	10.5%	9.1%	9.2%	8.6%
Operating Activities Depreciation and Amortization	3.5%	3.7%	3.6%	3.5%	3.5%
Operating Activities Stock Based Compensation	1.1%	1.2%	1.1%	1.1%	1.1%
Operating Activities Changes In Operating Assets and Liabilities	2.3%	0.9%	1.5%	-2.4%	1.7%
Operating Activities Other Non Cash Items	-0.2%	-0.0%	0.7%	0.1%	0.2%
Operating Activities net Cash From Operating Activities	17.3%	16.2%	16.0%	11.5%	15.1%
Investing Activities Capital Expenditures	-7.1%	-6.7%	-6.3%	-6.1%	-6.1%
Investing Activities Purchases of Investments	-1.3%	-2.1%	-2.4%	-1.7%	-2.2%
Investing Activities Proceeds From Sale of Investments	1.5%	2.6%	1.4%	1.8%	2.4%
Investing Activities Other Investing Activities	0.1%	-0.0%	0.1%	-0.1%	-0.1%
Investing Activities net Cash From Investing Activities	-6.9%	-6.3%	-7.2%	-6.1%	-6.0%
Financing Activities Proceeds From Debt	1.1%	2.0%	1.3%	0.1%	0.1%
Financing Activities Repayment of Debt	-1.3%	-2.9%	-1.5%	-1.3%	-0.2%
Financing Activities Repurchase of Common Stock	-1.2%	-1.0%	-1.0%	-0.7%	-0.8%
Financing Activities Dividends Paid	-2.8%	-12.9%	-1.8%	-2.7%	-9.7%
Financing Activities Tax Withholding On Stock Based Compensation	-0.5%	-0.5%	-0.4%	-0.6%	-0.5%
Financing Activities Other Financing Activities	-0.2%	-0.2%	-0.4%	-1.6%	0.2%
Financing Activities net Cash From Financing Activities	-4.9%	-15.4%	-3.8%	-6.7%	-10.9%
Cash Reconciliation Effect of Exchange Rate On Cash	0.0%	0.1%	0.0%	-0.4%	0.1%
Cash Reconciliation net Change In Cash	5.5%	-5.4%	5.1%	-1.6%	-1.7%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 5 years

Ratio	2025	2024	2023	2022	2021
Profitability
Gross margin	+12.8%	+12.6%	+12.3%	+12.1%	+12.9%
Operating margin	+3.8%	+3.6%	+3.3%	+3.4%	+3.4%
Net margin	+2.9%	+2.9%	+2.6%	+2.6%	+2.6%
FCF margin	+2.8%	+2.6%	+2.8%	+1.5%	+2.7%
Growth
Revenue CAGR (3y)	+6.6%	+9.1%	+13.3%	+14.1%	+11.4%
Returns
ROE	+27.8%	+31.2%	+25.1%	+28.3%	+28.5%
ROA	+10.5%	+10.5%	+9.1%	+9.1%	+8.4%
ROIC	+50.1%	+47.6%	+45.5%	+34.6%	+37.0%
Liquidity
Current ratio	1.03x	0.97x	1.07x	1.02x	1.00x
Quick ratio	0.47x	0.36x	0.48x	0.39x	0.44x
Leverage
D/E	1.64x	1.96x	1.75x	2.11x	2.35x
Interest coverage	67.42x	54.94x	50.71x	49.32x	39.23x
Efficiency
Asset turnover	3.57x	3.64x	3.51x	3.54x	3.31x
Cash conversion cycle	+2d	+3d	+2d	+4d	-1d

Valuation

Price against fundamentals

FY2025 fundamentals · no price

No price data cached, so there is nothing to multiply. Load prices from the Stock Data tab and this panel reprices itself.

Notes

Your annotations

Not watched

Costco

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Assets, liabilities, and equity

Revenue, expense, and profitability

Operating, investing, and financing flows

Margins, returns, liquidity, leverage, efficiency

Price against fundamentals

Your annotations

One-year price and volume history

Price data unavailable

Recent price history