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%
                    
                    P34
                    
                    +9.9%
                    
                    Total assets
                    FY2025
                
$77.1B
                    ROA +10.5%
                    
                    P77
                    
                    +10.4%
                    
                    Operating cash flow
                    FY2025
                
$13.3B
                    FCF margin +2.8%
                    
                    P18
                    
                    +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

32 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%	—	—	—	—
Inventory	23.5%	—	—	—	—
Prepaid Expenses	2.3%	—	—	—	—
Other Current Assets	2.3%	—	—	—	—
Total Current Assets	49.8%	49.0%	52.0%	51.0%	49.8%
Property,Plant and Equipment	41.4%	—	—	—	—
Operating Lease Assets	3.5%	—	—	—	—
Goodwill	0.0%	1.4%	1.4%	1.5%	1.7%
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	3.5%	3.5%	3.1%	3.0%	2.8%
Deferred Revenue	3.7%	—	—	—	—
Current Portion of Long Term Debt	0.1%	0.1%	1.6%	0.1%	1.3%
Operating Lease Liabilities	3.2%	—	—	—	—
Other Current Liabilities	8.5%	—	—	—	—
Total Current Liabilities	48.1%	50.8%	48.7%	49.9%	49.7%
Long Term Debt	7.4%	—	—	—	—
Deferred Revenue Noncurrent	3.7%	—	—	—	—
Operating Lease Liabilities Noncurrent	3.2%	—	—	—	—
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%	—	—	—	—
Treasury Stock	1.2%	1.0%	1.0%	0.7%	0.8%
Accumulated Other Comprehensive Income	-2.3%	—	—	—	—
Total Stockholders Equity	37.8%	—	—	—	—
Total Liabilitiesand Equity	100.0%	—	—	—	—

Income Statement

Revenue, expense, and profitability

15 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%	—	—	—	—
Expenses Cost of Revenue	311.1%	—	—	—	—
Expenses Selling,General and Administrative	32.4%	—	—	—	—
Expenses Depreciation and Amortization	3.1%	—	—	—	—
Expenses Share Based Compensation	1.1%	—	—	—	—
Other Income Expense Operating Income	13.5%	—	—	—	—
Other Income Expense Interest Expense	0.2%	—	—	—	—
Other Income Expense Income Before Tax	14.0%	—	—	—	—
Income Tax Income Tax Expense	3.5%	—	—	—	—
net Income net Income	10.5%	—	—	—	—
net Income Comprehensive Income	10.6%	—	—	—	—
Earnings Per Share Basic Eps	0.0%	—	—	—	—
Earnings Per Share Diluted Eps	0.0%	—	—	—	—
Earnings Per Share Weighted Average Shares Basic	0.6%	—	—	—	—
Earnings Per Share Weighted Average Shares Diluted	0.6%	—	—	—	—

Cash Flow Statement

Operating, investing, and financing flows

22 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%	9.1%	8.4%
Operating Activities Depreciation and Amortization	3.1%	3.2%	3.0%	3.0%	3.0%
Operating Activities Stock Based Compensation	1.1%	—	—	—	—
Operating Activities Deferred Income Taxes	-0.0%	—	—	—	—
Operating Activities Changes In Operating Assets and Liabilities	-0.2%	-1.1%	-0.2%	-0.9%	-1.8%
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%	—	—	—	—
Investing Activities Other Investing Activities	-0.1%	—	—	—	—
Investing Activities net Cash From Investing Activities	-6.9%	-6.3%	-7.2%	-6.1%	-6.0%
Financing Activities Proceeds From Debt	0.0%	—	—	—	—
Financing Activities Repayment of Debt	0.1%	1.5%	0.1%	1.2%	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%	2.3%	9.7%
Financing Activities Tax Withholding On Stock Based Compensation	0.5%	—	—	—	—
Financing Activities Other Financing Activities	0.0%	—	0.0%	-0.0%	0.3%
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%
Cash Reconciliation Cash At Beginning of Period	18.4%	—	—	—	—
Cash Reconciliation Cash At End of Period	18.4%	—	—	—	—

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%	—	—	—	—
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	+37.4%	—	—	—	—
Liquidity
Current ratio	1.03x	0.97x	1.07x	1.02x	1.00x
Quick ratio	0.47x	—	—	—	—
Leverage
D/E	1.64x	1.96x	1.75x	2.11x	2.35x
Interest coverage	67.42x	—	—	—	—
Efficiency
Asset turnover	3.57x	3.64x	3.51x	3.54x	3.31x
Cash conversion cycle	+2d	—	—	—	—

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Costco

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