COST - Costco Wholesale Corporation Report

Costco Wholesale Corporation (COST : NMS)

Sector: Consumer Defensive | Industry: Discount Stores

$947.74

+14.23 (+1.52%)

MARKET CAP

$420.30B

FCF YIELD

1.65%

CURRENT PRICE

$947.74

P/E RATIO

47.63x

Overview Financial Statements Metrics History DCF Valuation

INCOME STATEMENT (ANNUAL - 3-YEAR VIEW)

Financial Line Item	2025-08-31	2024-08-31	2023-08-31
1. REVENUE
Operating Revenue	$275.24B	$254.45B	$242.29B
Total Revenue	$275.24B	$254.45B	$242.29B
2. OPERATING EXPENSES
Reconciled Cost Of Revenue	$239.89B	$222.36B	$212.59B
Interest Expense	$154.00M	$169.00M	$160.00M
Tax Provision	$2.72B	$2.37B	$2.19B
Operating Expense	$24.97B	$22.81B	$21.59B
Other Operating Expenses	-	-	-
Selling General And Administration	$24.97B	$22.81B	$21.59B
Cost Of Revenue	$239.89B	$222.36B	$212.59B
Total Expenses	$264.85B	$245.17B	$234.18B
3. NET INCOME & EARNINGS DETAILS
Tax Effect Of Unusual Items	$21.08M	$6.34M	$7.51M
Tax Rate For Calcs	25.10%	24.40%	25.90%
Normalized EBITDA	$13.31B	$12.12B	$10.70B
Total Unusual Items	$84.00M	$26.00M	$29.00M
Total Unusual Items Excluding Goodwill	$84.00M	$26.00M	$29.00M
Net Income From Continuing Operation Net Minority Interest	$8.10B	$7.37B	$6.29B
Reconciled Depreciation	$2.43B	$2.24B	$2.08B
EBITDA	$13.40B	$12.15B	$10.72B
EBIT	$10.97B	$9.91B	$8.65B
Net Interest Income	$351.00M	$429.00M	$344.00M
Interest Income	$505.00M	$533.00M	$470.00M
Normalized Income	$8.04B	$7.35B	$6.27B
Net Income From Continuing And Discontinued Operation	$8.10B	$7.37B	$6.29B
Total Operating Income As Reported	$10.38B	$9.29B	$8.11B
Diluted Average Shares	444.80M	444.76M	444.45M
Basic Average Shares	443.99M	443.91M	443.85M
Diluted EPS	$18.21	$16.56	$14.16
Basic EPS	$18.24	$16.59	$14.18
Diluted NI Availto Com Stockholders	$8.10B	$7.37B	$6.29B
Minority Interests	-	$0.00	$0.00
Net Income Including Noncontrolling Interests	$8.10B	$7.37B	$6.29B
Net Income Continuous Operations	$8.10B	$7.37B	$6.29B
Pretax Income	$10.82B	$9.74B	$8.49B
Other Income Expense	$84.00M	$26.00M	$29.00M
Other Non Operating Income Expenses	-	-	-
Gain On Sale Of Security	$84.00M	$26.00M	$29.00M
Net Non Operating Interest Income Expense	$351.00M	$429.00M	$344.00M
Total Other Finance Cost	-	$-65.00M	$-34.00M
Interest Expense Non Operating	$154.00M	$169.00M	$160.00M
Interest Income Non Operating	$505.00M	$533.00M	$470.00M
Operating Income	$10.38B	$9.29B	$8.11B
Gross Profit	$35.35B	$32.09B	$29.70B
Net Income Common Stockholders	$8.10B	$7.37B	$6.29B
Net Income	$8.10B	$7.37B	$6.29B

Financial Line Item	2025-08-31	2024-08-31	2023-08-31
1. ASSETS
1. Current Assets
Working Capital	$1.27B	$-1.22B	$2.30B
Inventory	$18.12B	$18.65B	$16.65B
Receivables	$3.20B	$2.72B	$2.29B
Accounts Receivable	$3.20B	$2.72B	$2.29B
Cash Cash Equivalents And Short Term Investments	$15.28B	$11.14B	$15.23B
Other Short Term Investments	$1.12B	$1.24B	$1.53B
Cash And Cash Equivalents	$14.16B	$9.91B	$13.70B
Current Assets	$38.38B	$34.25B	$35.88B
Other Current Assets	$1.78B	$1.73B	$1.71B
2. Long Term Assets
Tangible Book Value	$29.16B	$23.62B	$25.06B
Net Tangible Assets	$29.16B	$23.62B	$25.06B
Minority Interest	$0.00	$0.00	$0.00
Other Non Current Assets	$4.08B	$3.94B	$3.72B
Net PPE	$34.63B	$31.65B	$29.40B
Accumulated Depreciation	$-18.93B	$-17.92B	$-16.68B
Gross PPE	$53.56B	$49.57B	$46.08B
Construction In Progress	$1.88B	$1.39B	$1.27B
Other Properties	$2.73B	$2.62B	$2.71B
Machinery Furniture Equipment	$13.13B	$12.39B	$11.51B
Buildings And Improvements	$25.51B	$23.73B	$22.00B
Land And Improvements	$10.32B	$9.45B	$8.59B
Properties	$0.00	$0.00	$0.00
Finished Goods	$18.12B	$18.65B	$16.65B
Total Non Current Assets	$38.72B	$35.59B	$33.12B
Total Assets	$77.10B	$69.83B	$68.99B
2. LIABILITIES
1. Current Liabilities
Current Deferred Liabilities	$2.85B	$2.50B	$2.34B
Current Debt And Capital Lease Obligation	-	$103.00M	$1.08B
Current Debt	-	$103.00M	$1.08B
Payables And Accrued Expenses	$27.66B	$26.65B	$23.91B
Current Accrued Expenses	$7.88B	$7.23B	$6.43B
Payables	$19.78B	$19.42B	$17.48B
Accounts Payable	$19.78B	$19.42B	$17.48B
Current Liabilities	$37.11B	$35.46B	$33.58B
Other Current Liabilities	$6.59B	$6.31B	$6.25B
2. Long Term Liabilities
Total Debt	$8.17B	$8.17B	$8.88B
Capital Lease Obligations	$2.46B	$2.38B	$2.43B
Other Non Current Liabilities	$2.65B	$2.58B	$2.55B
Long Term Debt And Capital Lease Obligation	$8.17B	$8.17B	$7.80B
Long Term Capital Lease Obligation	$2.46B	$2.38B	$2.43B
Long Term Debt	$5.71B	$5.79B	$5.38B
Total Non Current Liabilities Net Minority Interest	$10.83B	$10.74B	$10.35B
Total Liabilities Net Minority Interest	$47.94B	$46.21B	$43.94B
3. STOCKHOLDERS' EQUITY
1. Retained Earnings
Retained Earnings	$22.65B	$17.62B	$19.52B
2. Other Stockholders' Equity
Ordinary Shares Number	443.24M	443.13M	442.79M
Share Issued	$443.24M	$443.13M	$442.79M
Invested Capital	$34.88B	$29.42B	$31.52B
Common Stock Equity	$29.16B	$23.62B	$25.06B
Total Capitalization	$34.88B	$29.42B	$30.43B
Gains Losses Not Affecting Retained Earnings	$-1.77B	$-1.83B	$-1.80B
Other Equity Adjustments	$-1.77B	$-1.83B	$-1.80B
Additional Paid In Capital	$8.28B	$7.83B	$7.34B
Capital Stock	$2.00M	$2.00M	$2.00M
Common Stock	$2.00M	$2.00M	$2.00M
Preferred Stock	$0.00	$0.00	$0.00
Stockholders Equity	$29.16B	$23.62B	$25.06B

Financial Line Item	2025-08-31	2024-08-31	2023-08-31
1. CASH FLOW FROM OPERATING ACTIVITIES
Free Cash Flow	$7.84B	$6.63B	$6.75B
Interest Paid Supplemental Data	$106.00M	$129.00M	$125.00M
Income Tax Paid Supplemental Data	$2.92B	$2.32B	$2.23B
Effect Of Exchange Rate Changes	$6.00M	$40.00M	$15.00M
Common Stock Payments	$-903.00M	$-700.00M	$-676.00M
Short Term Debt Payments	$-862.00M	$-920.00M	$-935.00M
Long Term Debt Payments	$-250.00M	$-1.21B	$-366.00M
Net Business Purchase And Sale	-	-	-
Net PPE Purchase And Sale	$-5.50B	$-4.71B	$-4.32B
Change In Working Capital	$1.76B	$611.00M	$1.02B
Change In Other Working Capital	$801.00M	$741.00M	$172.00M
Change In Payables And Accrued Expense	$404.00M	$1.94B	$-382.00M
Change In Payable	$404.00M	$1.94B	$-382.00M
Change In Account Payable	$404.00M	$1.94B	$-382.00M
Change In Inventory	$559.00M	$-2.07B	$1.23B
Other Non Cash Items	$303.00M	$315.00M	$412.00M
Stock Based Compensation	$860.00M	$818.00M	$774.00M
Asset Impairment Charge	$-117.00M	$-9.00M	$495.00M
Deferred Tax	-	-	-
Deferred Income Tax	-	-	-
Depreciation Amortization Depletion	$2.43B	$2.24B	$2.08B
Depreciation And Amortization	$2.43B	$2.24B	$2.08B
Net Income From Continuing Operations	$8.10B	$7.37B	$6.29B
Operating Cash Flow	$13.34B	$11.34B	$11.07B
Cash Flow From Continuing Operating Activities	$13.34B	$11.34B	$11.07B
2. CASH FLOW FROM INVESTING ACTIVITIES
Repurchase Of Capital Stock	$-903.00M	$-700.00M	$-676.00M
Capital Expenditure	$-5.50B	$-4.71B	$-4.32B
Net Other Investing Changes	$74.00M	$-19.00M	$36.00M
Net Investment Purchase And Sale	$113.00M	$320.00M	$-685.00M
Sale Of Investment	$1.14B	$1.79B	$937.00M
Purchase Of Investment	$-1.03B	$-1.47B	$-1.62B
Purchase Of Business	-	-	-
Purchase Of PPE	$-5.50B	$-4.71B	$-4.32B
Investing Cash Flow	$-5.31B	$-4.41B	$-4.97B
Cash Flow From Continuing Investing Activities	$-5.31B	$-4.41B	$-4.97B
3. CASH FLOW FROM FINANCING ACTIVITIES
Repayment Of Debt	$-1.11B	$-2.13B	$-1.30B
Issuance Of Debt	$816.00M	$1.43B	$917.00M
Net Other Financing Charges	$-393.00M	$-315.00M	$-303.00M
Cash Dividends Paid	$-2.18B	$-9.04B	$-1.25B
Common Stock Dividend Paid	-	-	$-1.25B
Net Common Stock Issuance	$-903.00M	$-700.00M	$-676.00M
Net Issuance Payments Of Debt	$-296.00M	$-708.00M	$-384.00M
Net Short Term Debt Issuance	$-46.00M	$8.00M	$-18.00M
Short Term Debt Issuance	$816.00M	$928.00M	$917.00M
Net Long Term Debt Issuance	$-250.00M	$-716.00M	$-366.00M
Long Term Debt Issuance	$0.00	$498.00M	$0.00
Financing Cash Flow	$-3.77B	$-10.76B	$-2.61B
Cash Flow From Continuing Financing Activities	$-3.77B	$-10.76B	$-2.61B
4. CASH RECONCILIATION
Beginning Cash Position	$9.91B	$13.70B	$10.20B
Changes In Cash	$4.25B	$-3.83B	$3.48B
End Cash Position	$14.16B	$9.91B	$13.70B

FINANCIAL RATIOS & STATS

Financial Metric	Value
Trailing P/E	47.63x
Forward P/E	41.83x
Price-to-Book (P/B)	25.42x
Price-to-Sales (P/S)	1.43x
Net Profit Margin (Net Income / Revenue)	3.01%
Operating Profit Margin (EBIT / Revenue)	3.67%
Return on Equity (ROE)	29.15%
Return on Assets (ROA)	8.67%
Dividend Rate	$5.88
Dividend Yield	0.62%
Ex-Dividend Date	2026-07-24
Next Earnings Date	2026-09-24