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

Year-over-year change per cell; first column has no prior.

Balance Sheet

Assets, liabilities, and equity

26 accounts · 3 years

Total assets $77.1B

Total liabilities $47.9B

Shareholders equity $29.2B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	+43.0%	-27.7%	—
Short Term Investments	-9.3%	-19.3%	—
Accounts Receivable	+17.7%	+19.1%	—
Inventory	-2.8%	+12.0%	—
Other Current Assets	+2.5%	+1.5%	—
Total Current Assets	+12.1%	-4.6%	—
Property,Plant and Equipment	+9.9%	+8.8%	—
Operating Lease Assets	+4.1%	-3.5%	—
Other Noncurrent Assets	+3.8%	+5.9%	—
Total Assets	+10.4%	+1.2%	—
Liabilities
Accounts Payable	+1.9%	+11.1%	—
Accrued Liabilities	+9.0%	+12.5%	—
Deferred Revenue	+14.1%	+7.0%	—
Other Current Liabilities	+4.4%	+0.9%	—
Total Current Liabilities	+4.6%	+5.6%	—
Long Term Debt	-1.4%	+7.8%	—
Operating Lease Liabilities Noncurrent	+3.6%	-2.1%	—
Other Noncurrent Liabilities	+3.0%	+1.0%	—
Total Liabilities	+3.7%	+5.2%	—
Equity
Preferred Stock	—	—	—
Common Stock	+0.0%	+0.0%	—
Additional Paid In Capital	+5.8%	+6.7%	—
Retained Earnings	+28.6%	-9.7%	—
Accumulated Other Comprehensive Income	+3.2%	-1.3%	—
Total Stockholders Equity	+23.5%	-5.7%	—
Total Liabilitiesand Equity	+10.4%	+1.2%	—

Income Statement

Revenue, expense, and profitability

12 accounts · 3 years

Revenue $275.2B

Operating income $10.4B

Net income $8.1B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	+8.2%	+5.0%	—
Expenses Cost of Revenue	+7.9%	+4.6%	—
Expenses Selling,General and Administrative	+9.5%	+5.7%	—
Other Income Expense Operating Income	+11.8%	+14.4%	—
Other Income Expense Interest Expense	-8.9%	+5.6%	—
Income Tax Income Tax Expense	+14.6%	+8.1%	—
net Income Other Items Below Tax	-5.6%	+17.1%	—
net Income net Income	+9.9%	+17.1%	—
net Income Comprehensive Income	+11.1%	+16.3%	—
Earnings Per Share Basic Eps	+9.9%	+17.0%	—
Earnings Per Share Diluted Eps	+10.0%	+16.9%	—
Earnings Per Share Weighted Average Shares Diluted	+0.0%	+0.1%	—

Cash Flow Statement

Operating, investing, and financing flows

20 accounts · 3 years

Operating cash flow $13.3B

Investing cash flow $-5.3B

Financing cash flow $-3.8B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	+9.9%	+17.1%	—
Operating Activities Depreciation and Amortization	+6.9%	+2.5%	—
Operating Activities Stock Based Compensation	+5.1%	+5.7%	—
Operating Activities Changes In Operating Assets and Liabilities	+188.7%	-40.0%	—
Operating Activities Other Non Cash Items	-1200.0%	-101.8%	—
Operating Activities net Cash From Operating Activities	+17.6%	+2.4%	—
Investing Activities Capital Expenditures	-16.7%	-9.0%	—
Investing Activities Purchases of Investments	+30.1%	+9.4%	—
Investing Activities Proceeds From Sale of Investments	-36.3%	+91.0%	—
Investing Activities Other Investing Activities	+489.5%	-152.8%	—
Investing Activities net Cash From Investing Activities	-20.5%	+11.3%	—
Financing Activities Proceeds From Debt	-42.8%	+55.5%	—
Financing Activities Repayment of Debt	+51.7%	-97.7%	—
Financing Activities Repurchase of Common Stock	-29.0%	-3.6%	—
Financing Activities Dividends Paid	+75.9%	-622.7%	—
Financing Activities Tax Withholding On Stock Based Compensation	-24.8%	-4.0%	—
Financing Activities Other Financing Activities	-7.3%	+52.9%	—
Financing Activities net Cash From Financing Activities	+64.9%	-311.8%	—
Cash Reconciliation Effect of Exchange Rate On Cash	-85.0%	+166.7%	—
Cash Reconciliation net Change In Cash	+212.2%	-208.5%	—

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+12.8%	+12.6%	+12.3%
Operating margin	+3.8%	+3.6%	+3.3%
Net margin	+2.9%	+2.9%	+2.6%
FCF margin	+2.8%	+2.6%	+2.8%
Growth
Revenue CAGR (3y)	+6.6%	+9.1%	+13.3%
Returns
ROE	+27.8%	+31.2%	+25.1%
ROA	+10.5%	+10.5%	+9.1%
ROIC	+50.1%	+47.6%	+45.5%
Liquidity
Current ratio	1.03x	0.97x	1.07x
Quick ratio	0.47x	0.36x	0.48x
Leverage
D/E	1.64x	1.96x	1.75x
Interest coverage	67.42x	54.94x	50.71x
Efficiency
Asset turnover	3.57x	3.64x	3.51x
Cash conversion cycle	+2d	+3d	+2d

Valuation

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FY2025 fundamentals · no price

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Costco

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