Loading…
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 |
| Operating 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 |
| Selling General And Administration | - | 19,779 | 21,590 | 22,810 | 24,966 |
| Total Expenses | - | 219,161 | 234,176 | 245,168 | 264,852 |
| Operating Income | - | 7,793 | 8,114 | 9,285 | 10,383 |
| Total Operating Income As Reported | - | 7,793 | 8,114 | 9,285 | 10,383 |
| EBITDA | - | 9,898 | 10,724 | 12,146 | 13,398 |
| Normalized EBITDA | - | 9,792 | 10,695 | 12,120 | 13,314 |
| EBIT | - | 7,998 | 8,647 | 9,909 | 10,972 |
| Interest Income | - | 61 | 470 | 533 | 505 |
| Interest Expense | - | 158 | 160 | 169 | 154 |
| Net Interest Income | - | -59 | 344 | 429 | 351 |
| Other Non Operating Income Expenses | 46 | 38 | - | - | - |
| Other Income Expense | - | 106 | 29 | 26 | 84 |
| Interest Income Non Operating | - | 61 | 470 | 533 | 505 |
| Interest Expense Non Operating | - | 158 | 160 | 169 | 154 |
| Net Non Operating Interest Income Expense | - | -59 | 344 | 429 | 351 |
| Pretax Income | - | 7,840 | 8,487 | 9,740 | 10,818 |
| Tax Provision | - | 1,925 | 2,195 | 2,373 | 2,719 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 26.08 | 7.51 | 6.34 | 21.08 |
| Net Income Continuous Operations | - | 5,915 | 6,292 | 7,367 | 8,099 |
| Net Income From Continuing And Discontinued Operation | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Net Income From Continuing Operation Net Minority Interest | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Net Income | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Net Income Common Stockholders | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Net Income Including Noncontrolling Interests | - | 5,915 | 6,292 | 7,367 | 8,099 |
| Normalized Income | - | 5,764.08 | 6,270.51 | 7,347.34 | 8,036.08 |
| Diluted NI Availto Com Stockholders | - | 5,844 | 6,292 | 7,367 | 8,099 |
| Basic Average Shares | - | 443.65 | 443.85 | 443.91 | 443.98 |
| Diluted Average Shares | - | 444.76 | 444.45 | 444.76 | 444.80 |
| Reconciled Depreciation | - | 1,900 | 2,077 | 2,237 | 2,426 |
| Reconciled Cost Of Revenue | - | 199,382 | 212,586 | 222,358 | 239,886 |
| Total Unusual Items | - | 106 | 29 | 26 | 84 |
| Total Unusual Items Excluding Goodwill | - | 106 | 29 | 26 | 84 |
| Minority Interests | -72 | -71 | 0 | 0 | - |
| Gain On Sale Of Security | - | 106 | 29 | 26 | 84 |
| Total Other Finance Cost | -46 | -38 | -34 | -65 | - |
| Other Operating Expenses | 76 | - | - | - | - |
Consumer Defensive sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Costco Wholesale Corporationthis co. | COST | $431.2B | 53.24↑ premium | 14.79 | 27.8% | 31.74 |
| The Coca-Cola Company | KO | $330.5B | 25.22 | 10.27 | 40.7% | 19.56 |
| The Procter & Gamble Company | PG | $327.8B | 20.90 | 6.30 | 30.2% | 14.79 |
| Philip Morris International Inc. | PM | $272.7B | 24.03 | -27.29 | -113.5% | 18.14 |
| PepsiCo, Inc. | PEP |
| - |
| - |
| - |
| - |
| - |
| - |
| - |
| $194.3B |
| 23.58 |
| 9.52 |
| 40.4% |
| 15.12 |
| Altria Group, Inc. | MO | $117.9B | 16.97 | -33.66 | -198.4% | 12.84 |
| Monster Beverage Corporation | MNST | $86.6B | 45.45 | 10.49 | 23.1% | 33.23 |
| Mondelez International, Inc. | MDLZ | $78.3B | 31.94 | 3.03 | 9.5% | 19.71 |
| Colgate-Palmolive Company | CL | $68.1B | 31.94 | 1261.04 | 3948.1% | 19.05 |
| Peer Median | - | 24.63 | 7.91 | 26.6% | 18.59 | |