Costco Wholesale Corp

  • Consumer Discretionary
  • Department/Specialty Retail Stores
  • www.costco.com
  • Earnings Score
  • Moat Score
  • Safety Score
  • Final Score
  • Market Cap $448.85B
  • PE 59
  • Debt $5.97B
  • Cash $12.36B
  • EV $442.46B
  • FCF $6.93B

Earnings

loading chart...

Sales & Net Margins

loading chart...
Earnings$7.62B
EBIT$10.12B
ROE30%
ROA14%
FCF$6.93B
Equity$25.58B
Growth Stability100%
PE58.9
PEG3.84
PB17.55
P/FCF64.82
P/S1.7
Price/Cash0.03
Debt/Equity0.23
Debt/FCF0.86
Net Margins3%
Gross Margins13%
Op. Margins4%
Earnings CAGR15%
Sales Growth YoY9%
Sales Growth QoQ3%
Sales CAGR11%
FCF CAGR16%
Equity CAGR10%
Earnings Stability0.99
Earnings Growth YoY3%
Earnings Growth QoQ-1%
Earnings CAGR 5Y15%
Sales CAGR 5Y11%
FCF CAGR 5Y5%
Equity CAGR 5Y10%
Earnings CAGR 3Y7%
Sales CAGR 3Y7%
FCF CAGR 3Y27%
Equity CAGR 3Y6%
Market Cap$448.85B
Revenue$264.09B
Dividend Yield0%
Payout Ratio20%
Assets$73.22B
Total Debt$5.97B
Cash$12.36B
Shares Outstanding443.73M
EV442.46B
Earnings Score95%
Moat Score86%
Safety Score96%
Final Score93%
Working Capital-102M
Current Ratio1
Gross Profit$33.47B
Shares Growth 3y0%
Equity Growth QoQ5%
Equity Growth YoY23%

Assets & ROA

loading chart...

Stockholders Equity & ROE

loading chart...
The leading warehouse club, Costco has 815 stores worldwide (at the end of fiscal 2021), with most sales derived in the United States (72%) and Canada (14%). It sells memberships that allow customers to shop in its warehouses, which feature low prices on a limited product assortment. Costco mainly caters to individual shoppers, but roughly 20% of paid members carry business memberships. Food and sundries accounted for 40% of fiscal 2021 sales, with non-food merchandise 29%, warehouse ancillary and other businesses (such as fuel and pharmacy) nearly 17%, and fresh food 14%. Costco's warehouses average around 146,000 square feet; over 75% of its locations offer fuel. About 7% of Costco's global sales come from e-commerce (excluding same-day grocery and various other services).

SEC Filings

Direct access to Costco Wholesale Corp (COST) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

  • 2025
    • 10-Q Feb 16
  • 2024
    • 10-Q Nov 24
    • 10-K Sep 01
    • 10-Q May 12
    • 10-Q Feb 18
  • 2023
    • 10-Q Nov 26
    • 10-K Sep 03
    • 10-Q May 07
    • 10-Q Feb 12

Sector Comparison

How does Costco Wholesale Corp compare to its competitors?

Loading chart...

Peter Lynch's Chart

This chart shows the current pricing of Costco Wholesale Corp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR 15%
Stability 99%
loading chart...

Costco Wholesale Corp Discounted Cash Flow

Fully customizable DCF calculator online for Costco Wholesale Corp .

= $213B
012345678910TV
fcf$6.9B$8B$9.3B$11B$13B$15B$17B$20B$23B$26B$31B$307B
DCF$7.3B$7.7B$8.1B$8.6B$9.1B$9.6B$10B$11B$11B$12B$119B
Value$213B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years08/201508/201609/201709/201808/201908/202008/202108/202209/202308/2024TTM
Net Margins2%2%2%2%2%2%3%3%3%3%3%
ROA-11%11%11%10%10%11%12%12%14%14%
ROE-19%24%24%23%21%28%28%25%31%30%

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years08/201508/201609/201709/201808/201908/202008/202108/202209/202308/2024TTM
Debt over FCF-9.751.612.392.551.281.551.91.120.910.86
Debt over Equity0.690.510.610.510.550.410.460.320.30.250.23
Growth Stability---100%100%100%100%100%100%100%100%

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years08/201508/201609/201709/201808/201908/202008/202108/202209/202308/2024CAGR 5Y
Revenue YoY growth-2%9%10%8%9%17%16%7%5%11%
Earnings YoY growth--1%14%17%17%9%25%17%8%17%15%
Equity YoY growth-14%-10%18%19%20%-3%14%21%-6%10%
FCF YoY growth--66%557%-34%20%80%-11%-35%93%-2%5%