Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. It offers merchandise, including sundries, dry groceries, candies, coolers, freezers, deli, liquor, and tobacco; non-food merchandise comprising appliances, small electronics, health and beauty aids, hardware, lawn and garden, sporting goods, tires, toys and seasonal, automotive, stamps, tickets, apparel, furniture, domestics, housewares, special order kiosks, and jewelry; and fresh food, such as meat, produce, service deli, and bakery products. The company is also involved in warehouse ancillary operations, which include gasoline, pharmacies, optical, food courts, hearing-aid centers, and tire installation centers. In addition, it engages in e-commerce, business centers, travel, and other businesses. The company was formerly known as Costco Companies, Inc. and changed its name to Costco Wholesale Corporation in August 1999. Costco Wholesale Corporation was founded in 1976 and is based in Issaquah, Washington.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $275.2B | $13.4B | $8.1B | $7.8B | 27.8% | 8.2% | 9.9% |
| 2024 | $254.5B | $12.1B | $7.4B | $6.6B | 31.2% | 5.0% | 17.1% |
| 2023 | $242.3B | $10.7B | $6.3B | $6.7B | 25.1% | 6.8% | 7.7% |
| 2022 | $227.0B | $9.9B | $5.8B | $3.5B | 28.3% | - | - |
| 2021 |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 226,954 | 242,290 | 254,453 | 275,235 |
| Cost Of Revenue | - | 199,382 | 212,586 | 222,358 | 239,886 |
| Gross Profit | - | 27,572 | 29,704 | 32,095 | 35,349 |
| Operating Expense | - | 19,779 | 21,590 | 22,810 | 24,966 |
| Operating Income | - | 7,793 | 8,114 | 9,285 | 10,383 |
| EBITDA | - | 9,898 | 10,724 | 12,146 | 13,398 |
| EBIT | - | 7,998 | 8,647 | 9,909 | 10,972 |
| Pretax Income | - | 7,840 | 8,487 | 9,740 | 10,818 |
| Tax Provision | - | 1,925 | 2,195 | 2,373 | 2,719 |
| Net Income | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Net Income Common Stockholders | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Total Expenses | - | 219,161 | 234,176 | 245,168 | 264,852 |
| Interest Expense | - | 158 | 160 | 169 | 154 |
| Interest Income | - | 61 | 470 | 533 | 505 |
| Selling General And Administration | - | 19,779 | 21,590 | 22,810 | 24,966 |
| Normalized EBITDA | - | 9,792 | 10,695 | 12,120 | 13,314 |
| Normalized Income | - | 5,764.08 | 6,270.51 | 7,347.34 | 8,036.08 |
| Market Cap | 448,599 | 448,599 | 448,599 | 448,599 | 448,599 |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Costco Wholesale Corporationthis co. | COST | $448.7B | 55.39β premium | 15.38 | 27.8% | 33.04 |
| The Procter & Gamble Company | PG | $354.7B | 21.68 | 6.76 | 31.2% | 15.56 |
| The Coca-Cola Company | KO | $329.3B | 25.16 | 10.25 | 40.7% | 19.52 |
| PepsiCo, Inc. | PEP | $212.5B | 25.79 | 10.41 | 40.4% | 16.29 |
| Altria Group, Inc. | MO |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $112.8B |
| 16.10 |
| -31.93 |
| -198.4% |
| 12.28 |
| Monster Beverage Corporation | MNST | $76.4B | 40.15 | 9.27 | 23.1% | - |
| Mondelez International, Inc. | MDLZ | $74.7B | 30.17 | 2.86 | 9.5% | 18.83 |
| Colgate-Palmolive Company | CL | $68.3B | 31.85 | 1257.68 | 3948.1% | 19.00 |
| Target Corporation | TGT | $58.7B | 15.80 | 3.62 | 22.9% | 8.79 |
| Peer Median | - | 25.48 | 8.01 | 27.1% | 16.29 | |