SequelSEC

COSTCO WHOLESALE CORP /NEW COST

Retail-Variety Stores · CIK 0000909832 · Fiscal year ends 0830

AnnualQuarterlyTTM
Revenue
$95.72B
Fiscal year ended 2026-08-30
Operating income
$3.80B
Fiscal year ended 2026-08-30
Free cash flow
$2.48B
Fiscal year ended 2026-08-30

Valuation, from the filing

Public float$475.20BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-02-16
Float per share$1,072.25Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income58.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue1.7×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity16.3×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-02-16, not today, and each multiple below it uses the figures for the fiscal year ending 2025-08-31 — the year that filing covered.

Valuation over time

58.7× earnings today, against a median of 33.1× across 10 years on record. Above its own history.

Float measuredPublic floatFloat / net income
2025-02-16$475.20B58.7×
2024-02-18$320.64B43.5×
2023-02-12$221.35B35.2×
2022-02-13$225.43B38.6×
2021-02-14$155.81B31.1×
2020-02-16$140.25B35.0×
2019-02-17$95.01B26.0×
2018-02-18$83.85B26.8×
2017-02-12$74.96B28.0×
2016-02-14$64.81B27.6×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the Retail-Variety Stores filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
CapEx / revenue2.1%0th
Gross margin12.8%0th
Operating margin3.9%0th
Net margin3.0%25th
FCF margin3.1%67th
Current ratio1.06x38th
Effective tax rate24.7%62th
Revenue YoY growth10.1%62th
Long-term debt / equity0.11x43th
SBC / revenue0.3%57th

COSTCO WHOLESALE CORP /NEW (COST) reported revenue of $95.72B and net income of $3.00B for the fiscal year ended 2026-08-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from COSTCO WHOLESALE CORP /NEW’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Retail-Variety Stores.

Income

COSTCO WHOLESALE CORP /NEW income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-302026-05-102026-02-152025-11-232025-08-312025-05-112025-02-162024-11-242024-09-012024-05-12
Revenue$95.72B$70.53B$69.60B$67.31B$86.16B$63.20B$63.72B$62.15BUnavailable$58.52B
Cost of revenue$83.53B$61.52B$60.72B$58.51B$75.04B$55.00B$55.74B$54.11BUnavailable$51.17B
Gross profit$12.19B$9.01B$8.88B$8.80B$11.12B$8.21B$7.98B$8.04BUnavailable$7.34B
Operating income$3.80B$2.82B$2.61B$2.46B$3.34B$2.53B$2.32B$2.20BUnavailable$2.20B
Net income$3.00B$2.19B$2.04B$2.00B$2.61B$1.90B$1.79B$1.80BUnavailable$1.68B
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesUnavailableshares 444.43Mshares 444.42Mshares 444.52MUnavailableshares 444.76Mshares 444.89Mshares 444.89MUnavailableshares 444.83M
Pretax incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable$2.28B
Income tax expense$1.01B$746.00M$686.00M$582.00M$900.00M$677.00M$634.00M$508.00MUnavailable$603.00M
Diluted EPSUnavailable$4.93$4.58$4.50Unavailable$4.28$4.02$4.04Unavailable$3.78
Selling, general & administrative$8.39B$6.19B$6.27B$6.33B$7.78B$5.68B$5.66B$5.85BUnavailable$5.14B
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

COSTCO WHOLESALE CORP /NEW balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-302026-05-102026-02-152025-11-232025-08-312025-05-112025-02-162024-11-242024-09-012024-05-12
Cash & equivalents$20.21B$18.95B$17.38B$16.22B$14.16B$13.84B$12.36B$10.91BUnavailable$10.40B
Total assets$89.04B$86.43B$83.64B$82.79B$77.10B$75.48B$73.22B$73.39BUnavailable$67.91B
Current assets$46.58B$45.18B$43.13B$43.41B$38.38B$38.15B$36.90B$37.52BUnavailable$33.29B
Total liabilities$53.24B$52.92B$51.55B$52.49B$47.94B$48.36B$47.65B$48.94BUnavailable$46.14B
Current liabilities$43.95B$42.12B$40.76B$41.80B$37.11B$37.58B$37.00B$38.29BUnavailable$35.36B
Total equity incl. NCI$35.80B$33.51B$32.09B$30.30B$29.16B$27.12B$25.58B$24.45BUnavailable$21.77B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Inventory$19.32B$19.42B$18.99B$21.14B$18.12B$18.61B$18.75B$20.98BUnavailable$17.43B
Accounts receivable$3.96B$3.75B$3.78B$3.23B$3.20B$2.88B$3.06B$2.96BUnavailable$2.58B
Goodwill$994.00MUnavailableUnavailableUnavailable$994.00MUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt$3.91B$5.67B$5.69B$5.67B$5.71B$5.72B$5.76B$5.74BUnavailable$5.83B
Accounts payable$22.59B$22.36B$20.65B$23.51B$19.78B$19.82B$18.61B$21.79BUnavailable$18.84B

Cash flow

COSTCO WHOLESALE CORP /NEW cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-302026-05-102026-02-152025-11-232025-08-312025-05-112025-02-162024-11-242024-09-012024-05-12
Operating cash flow$4.68B$3.45B$3.00B$4.69B$3.87B$3.46B$2.75B$3.26BUnavailable$3.00B
Capital expenditures$2.21B$1.41B$1.29B$1.53B$1.97B$1.13B$1.14B$1.26BUnavailable$1.06B
Investing cash flow-$2.22B-$1.59B-$1.17B-$1.40B-$1.97B-$1.34B-$1.02B-$985.00MUnavailable-$954.00M
Financing cash flow-$1.18B-$278.00M-$730.00M-$1.17B-$1.59B-$748.00M-$241.00M-$1.19BUnavailable-$698.00M
Net change in cash$1.26B$1.56B$1.17B$2.06B$325.00M$1.48B$1.45B$1.00BUnavailable$1.31B
Stock-based compensation$153.00M$119.00M$166.00M$486.00M$140.00M$106.00M$151.00M$463.00MUnavailable$106.00M
Common dividends paidUnavailable$0$577.00M$577.00MUnavailable$515.00M$0$515.00MUnavailable$515.00M
Common share repurchases$245.00M$184.00M$209.00M$210.00M$280.00M$211.00M$205.00M$207.00MUnavailable$162.00M
Depreciation & amortization$883.00M$597.00M$597.00M$597.00M$774.00M$552.00M$552.00M$548.00MUnavailable$516.00M

Derived

COSTCO WHOLESALE CORP /NEW derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-08-302026-05-102026-02-152025-11-232025-08-312025-05-112025-02-162024-11-242024-09-012024-05-12
Free cash flow$2.48B$2.04B$1.71B$3.16B$1.90B$2.33B$1.61B$2.00BUnavailable$1.94B
Gross margin12.7%12.8%12.8%13.1%12.9%13.0%12.5%12.9%Unavailable12.5%
Operating margin4.0%4.0%3.7%3.7%3.9%4.0%3.6%3.5%Unavailable3.8%
FCF margin2.6%2.9%2.5%4.7%2.2%3.7%2.5%3.2%Unavailable3.3%
SBC / revenue0.2%0.2%0.2%0.7%0.2%0.2%0.2%0.7%Unavailable0.2%
Current ratio1.06x1.07x1.06x1.04x1.03x1.02x1.00x0.98xUnavailable0.94x
Revenue YoY growth11.1%11.6%9.2%8.3%Unavailable8.0%9.0%7.5%Unavailable9.1%
Net margin3.1%3.1%2.9%3.0%3.0%3.0%2.8%2.9%Unavailable2.9%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenue2.3%2.0%1.9%2.3%2.3%1.8%1.8%2.0%Unavailable1.8%
Long-term debt / equity0.11x0.17xUnavailableUnavailable0.20xUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rateUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open COST in the interactive workspace to inspect any figure back to its filing.

Source filings

10-K · Filed 2026-10-07View SEC filing
10-Q · Filed 2026-06-03View SEC filing
10-Q · Filed 2026-03-11View SEC filing
10-Q · Filed 2025-12-17View SEC filing
10-K · Filed 2025-10-08View SEC filing
10-Q · Filed 2025-06-05View SEC filing

Companies in the same industry

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Reconciliation checks needing review

4 periods on this page do not reconcile under this site’s normalization. Read that as a limitation here before an observation about the company: the figures are the filer’s own, the filings linked above are authoritative, and a difference usually means the concepts this site selected do not match how this filer presents its statements. Nothing is adjusted to make a check pass.

balance equationinconsistent2024-09-01

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2024-09-01

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.

balance equationinconsistent2023-09-03

Withheld: assets, equity, liabilities could not be reconciled with the rest of this filer’s statement.

gross profit bridgeinconsistent2023-09-03

Withheld: cost revenue, revenue could not be reconciled with the rest of this filer’s statement.