Costco operates a chain of roughly 910 membership warehouse clubs across the US, Canada, and internationally. It sells groceries (~55% of revenue), general merchandise (~25%), and other goods in bulk at low markups. Customers pay an annual membership fee to shop there — that fee income is essentially what generates most of Costco's profit, since merchandise is priced near cost. Members are primarily households and small businesses. The model depends on high membership renewal rates (currently ~93% in North America) to sustain the fee revenue base.
Employees355,000IPOMar 2, 1982SIC5399HQ999 Lake Drive, Issaquah, WA, USA, 98027
to
Financials
Profitability
Metric
Current
Margins
Gross Margin
12.8%
Operating Margin
3.9%
EBITDA Margin
5.0%
Net Margin
3.0%
OCF Margin
5.2%
FCF Margin
3.1%
Returns on Capital
ROE
28.7%
ROA
11.0%
ROIC
15.4%
ROCE
29.1%
ROC (Greenblatt)
33.6%
3Y ROIIC
20.3%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
47.64
Forward P/E
43.39
P/E ex-NRI
47.64
Shiller P/E (CAPE)
68.97
Cash Flow Multiples
P/FCF
46.88
P/OCF
27.79
P/Owner Earnings
44.96
FCF Yield
2.14%
Enterprise Value Multiples
EV / EBIT
34.59
EV / Forward EBIT
30.12
EV / EBITDA
28.45
EV / Forward EBITDA
24.66
EV / Revenue
1.42
EV / Forward Revenue
1.21
Asset / Sales
P/S
1.47
P/B
12.25
P/Tangible Book
12.59
Growth-Adjusted
PEG
4.54
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.58%
Forward Dividend Yield
0.61%
3Y Dividend Growth
13.0%
Payout Ratio
0.27
5Y Yield on Cost
1.10%
Buybacks & Dilution
3Y Buyback Ratio
0.00%
5Y Share Change
0.0%
Combined
Shareholder Yield
0.76%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.28
Gross Debt / EBITDA
0.68
Cash / Debt
2.09
Equity / Assets
0.40
Coverage
Interest Coverage
80.59
Short-Term Liquidity
Current Ratio
1.06
Quick Ratio
0.62
Cash Ratio
0.49
Composite Scores
Piotroski F-Score
7
Altman Z-Score
9.25
Split History
Date
Split
2000-01-14
2:1
1993-10-22
2.1322:1
1986-02-04
2:1
1984-06-13
2:1
Ex-date
Amount
Pay date
2026-10-30
$1.47
2026-11-13
2026-07-24
$1.47
2026-08-07
2026-05-01
$1.47
2026-05-15
2026-01-30
$1.3
2026-02-13
2025-10-31
$1.3
2025-11-14
2025-08-01
$1.3
2025-08-15
2025-05-02
$1.3
2025-05-16
2025-02-07
$1.16
2025-02-21
2024-11-01
$1.16
2024-11-15
2024-07-26
$1.16
2024-08-09
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View allDate
Transcript
Type
2026-09-24
Q4 2026 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2026-08-05
July 2026 Costco Wholesale Corp Corporate Sales Call Transcript
Sales and Trading Statement
2026-05-28
Q3 2026 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2026-03-05
Q2 2026 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2026-01-15
Costco Wholesale Corp Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2025-12-11
Q1 2026 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2025-09-25
Q4 2025 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2025-05-29
Q3 2025 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2025-03-06
Q2 2025 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
2024-12-12
Q1 2025 Costco Wholesale Corp Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
28.40%
×
×
Net Margin %
3.04%
×
×
Operating Margin %
3.85%
Operating Income
$11.69B
÷
Revenue
$303.15B
×
Tax Burden
0.7531
Net Income
$9.23B
÷
Pretax Income
$12.25B
×
Interest Burden
1.0484
Pretax Income
$12.25B
÷
Operating Income
$11.69B
×
Asset Turnover
3.65
÷
Revenue
$303.15B
÷
Average Total Assets
$83.07B
Begin Total Assets
$77.10B
End Total Assets
$89.05B
×
Equity Multiplier
2.56
÷
Avg Total Assets
$83.07B
÷
Avg Stockholders Equity
$32.48B
Begin Equity
$29.16B
End Equity
$35.80B
Top institutional holders
Q2 2026| Holder | Shares | % Owned | Chg. shares | |
|---|---|---|---|---|
| BlackRock, Inc. | 34.2M | 7.71% | -744.2K | $32.00B |
| VANGUARD CAPITAL MANAGEMENT LLC | 29.0M | 6.53% | +129.2K | $27.11B |
| STATE STREET CORP | 18.4M | 4.14% | +232.7K | $17.20B |
| Invesco Ltd. | 14.0M | 3.15% | +4.7M | $13.09B |
| GEODE CAPITAL MANAGEMENT, LLC | 10.6M | 2.40% | -31.8K | $9.90B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 10.4M | 2.34% | -303.1K | $9.73B |
| MORGAN STANLEY | 10.2M | 2.30% | +321.7K | $9.56B |
| BANK OF AMERICA CORP /DE/ | 7.2M | 1.63% | -265.3K | $6.78B |
| NORGES BANK | 6.5M | 1.46% | new | $6.06B |
| FMR LLC | 6.2M | 1.39% | -555.0K | $5.77B |
10 of 4,276
View allTop insider holdings
as reported| Insider | Shares held | % Owned | |
|---|---|---|---|
| JELINEK W CRAIGDirector | 204.4K | 0.0461% | $202.14M |
| Callans Patrick JOfficer | 60.9K | 0.0137% | $60.23M |
| Vachris Roland MichaelOfficer | 52.3K | 0.0118% | $51.69M |
| Klauer James COfficer | 48.1K | 0.0108% | $47.60M |
| Sullivan John ChristopherOfficer | 47.7K | 0.0107% | $47.15M |
| GALANTI RICHARD AOfficer | 34.4K | 0.0078% | $34.03M |
| MILLERCHIP GARYOfficer | 15.5K | 0.0035% | $15.30M |
| Riel PierreOfficer | 14.2K | 0.0032% | $14.09M |
| JAMES HAMILTON EDirector | — | — | — |
| STANTON JOHN WDirector | — | — | — |
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View allRecent insider activity
through Oct 13, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Wilcox William RichardOfficer | Open-Market or Private Sale | -1.1K | $1.05M | Oct 13, 2026 |
| Frates CatonOfficer | Open-Market or Private Sale | -801 | $733.3K | Sep 29, 2026 |
| Adamo ClaudineOfficer | Open-Market or Private Sale | -2.2K | $2.02M | Sep 29, 2026 |
| Wilcox William RichardOfficer | Grant/Award (Rule 16b-3(d)) | +4.1K | $0 | Sep 10, 2026 |
| Wilcox William RichardOfficer | Tax Withholding | -1.9K | $1.75M | Sep 10, 2026 |
| Rubanenko YoramOfficer | Grant/Award (Rule 16b-3(d)) | +4.1K | $0 | Sep 10, 2026 |
| Rubanenko YoramOfficer | Tax Withholding | -1.7K | $1.53M | Sep 10, 2026 |
| Riel PierreOfficer | Grant/Award (Rule 16b-3(d)) | +4.6K | $0 | Sep 10, 2026 |
| Riel PierreOfficer | Tax Withholding | -1.6K | $1.41M | Sep 10, 2026 |
| Klauer James COfficer | Grant/Award (Rule 16b-3(d)) | +4.1K | $0 | Sep 10, 2026 |
10 of 3,331
View all