Tearsheet

Costco Wholesale (COST)

Market Price (11/3/2025): $912.76 | Market Cap: $405.3 Bil
Sector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

Costco Wholesale (COST)

Market Price (11/3/2025): $912.76
Market Cap: $405.3 Bil
Sector: Consumer Staples
Industry: Consumer Staples Merchandise Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0	Attractive cash flow generation CFO LTM is 13 Bil, FCF LTM is 7.8 Bil		Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 50x
1	Low stock price volatility Vol 12M is 22%

0	Attractive cash flow generation CFO LTM is 13 Bil, FCF LTM is 7.8 Bil
1	Low stock price volatility Vol 12M is 22%
2	Expensive valuation multiples P/EBITPrice/EBIT or Price/(Operating Income) ratio is 37x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 30x, P/EPrice/Earnings or Price/(Net Income) is 50x

Market Valuation & Key Metrics

	11/3/25	2024	2023	2022
Share Price CYE	$912.76	$911.51	$652.84	$438.14
Market Cap CYE ($ Bil)	405.3	404.7	289.7	194.5
Total Debt ($ Bil)	8.2	8.2	8.2	8.9
Total Cash ($ Bil)	15.3	15.3	11.1	15.2
Enterprise Value ($ Bil)	398.2	412.9	297.9	203.4
Valuation Ratios
P/S TTM	1.5	1.5	1.1	0.8
P/EBIT TTM	36.9	37.1	29.6	23.4
P/E TTM	50.0	50.2	39.8	32.2
Sector Ratios
P/S TTM (Sector)	0.8	0.9	0.9	0.9
P/EBIT TTM (Sector)	7.8	8.9	10.3	9.8
P/E TTM (Sector)	11.5	12.1	13.4	12.8

	11/3/25	2024
Share Price CYE	$912.76	$911.51
Market Cap CYE ($ Bil)	405.3	404.7
Total Debt ($ Bil)	8.2	8.2
Total Cash ($ Bil)	15.3	15.3
Enterprise Value ($ Bil)	398.2	412.9
Valuation Ratios
P/S TTM	1.5	1.5
P/EBIT TTM	36.9	37.1
P/E TTM	50.0	50.2
Sector Ratios
P/S TTM (Sector)	0.8	0.9
P/EBIT TTM (Sector)	7.8	8.9
P/E TTM (Sector)	11.5	12.1

	COST	S&P 500
REVENUE GROWTH	FAIR
Rev LTM ($ Bil)	275.2
Rev Chg Q	8.1%	6.6%
Rev Chg LTM	8.2%	5.6%
Rev Chg 3Y Avg	6.6%	5.3%
PROFITABILITY	VERY POOR
Op Inc LTM ($ Bil)	10.4
CFO LTM ($ Bil)	13.3
Net Inc LTM ($ Bil)	8.1
Op Mgn LTM	3.8%	18.7%
CFO/Rev LTM	4.8%	20.3%
Net Inc Mgn	2.9%	12.8%
VALUATION	VERY HIGH
P/S	1.5	3.2
P/CFO	30.4	15.1
P/FCF	51.7	20.3
P/E	50.0	23.6
STABILITY	VERY GOOD
Debt/Equity	0.02	0.21
Cash/Assets	0.20	0.07

AI Generated Analysis | Feedback

Metric	Value	Date	Source
Total Paid Memberships	81.0 million	9/25/2025	Link
Membership Renewal Rate (Worldwide)	89.8%	9/25/2025	Link
Membership Renewal Rate (US & Canada)	92.3%	10/23/2025	Link
Number of Executive Members	38.7 million	9/25/2025	Link
Percentage of Sales from Executive Members	74.2%	9/25/2025	Link
Number of Costco Warehouses Worldwide	914	10/17/2025	Link
Number of Costco Stores in the US	629	4/26/2025	Link
Individual Memberships	68.3 million	10/29/2025	Link
Business Memberships	12.7 million	10/29/2025	Link

COST Stock

Stock Price
Market Cap

Return (1M): 0.34%

Why The Stock Moved

Qualitative Assessment

AI Generated Analysis | Feedback

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Stock Movement Drivers

Fundamental Drivers

The -4.2% change in COST stock from 8/3/2025 to 11/2/2025 was primarily driven by a -7.2% change in the company's P/E Multiple.

	8032025	11022025	Change
Stock Price ($)	951.17	911.45	-4.18%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	268776.00	275235.00	2.40%
Net Income Margin (%)	2.92%	2.94%	0.84%
P/E Multiple	53.84	49.97	-7.19%
Shares Outstanding (Mil)	443.96	444.01	-0.01%
Cumulative Contribution			-4.18%

LTM = Last Twelve Months as of date shown

Market Drivers

8/3/2025 to 11/2/2025

	Return	Correlation
COST	-4.2%
Market (SPY)	9.7%	10.4%
Sector (XLP)	-4.8%	56.7%

Fundamental Drivers

The -9.4% change in COST stock from 5/4/2025 to 11/2/2025 was primarily driven by a -14.7% change in the company's P/E Multiple.

	5042025	11022025	Change
Stock Price ($)	1005.48	911.45	-9.35%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	264086.00	275235.00	4.22%
Net Income Margin (%)	2.89%	2.94%	1.97%
P/E Multiple	58.58	49.97	-14.70%
Shares Outstanding (Mil)	443.98	444.01	-0.01%
Cumulative Contribution			-9.35%

LTM = Last Twelve Months as of date shown

Market Drivers

5/4/2025 to 11/2/2025

	Return	Correlation
COST	-9.4%
Market (SPY)	20.7%	18.1%
Sector (XLP)	-5.8%	58.0%

Fundamental Drivers

The 4.4% change in COST stock from 11/2/2024 to 11/2/2025 was primarily driven by a 8.2% change in the company's Total Revenues ($ Mil).

	11022024	11022025	Change
Stock Price ($)	872.76	911.45	4.43%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	254453.00	275235.00	8.17%
Net Income Margin (%)	2.90%	2.94%	1.64%
P/E Multiple	52.61	49.97	-5.01%
Shares Outstanding (Mil)	444.05	444.01	0.01%
Cumulative Contribution			4.43%

LTM = Last Twelve Months as of date shown

Market Drivers

11/2/2024 to 11/2/2025

	Return	Correlation
COST	4.4%
Market (SPY)	20.6%	46.6%
Sector (XLP)	-2.9%	59.8%

Fundamental Drivers

The 95.3% change in COST stock from 11/3/2022 to 11/2/2025 was primarily driven by a 40.9% change in the company's P/E Multiple.

	11032022	11022025	Change
Stock Price ($)	466.73	911.45	95.28%
Change Contribution By	LTM	LTM
Total Revenues ($ Mil)	226954.00	275235.00	21.27%
Net Income Margin (%)	2.57%	2.94%	14.28%
P/E Multiple	35.45	49.97	40.95%
Shares Outstanding (Mil)	443.90	444.01	-0.02%
Cumulative Contribution			95.28%

LTM = Last Twelve Months as of date shown

Market Drivers

11/3/2023 to 11/2/2025

	Return	Correlation
COST	68.0%
Market (SPY)	60.5%	48.0%
Sector (XLP)	16.3%	54.4%

Return vs. Risk

Price Returns Compared

	2020	2021	2022	2023	2024	2025	Total [1]
Returns
COST Return	33%	52%	-19%	49%	40%	-0%	239%
Peers Return	48%	26%	-16%	10%	21%	5%	120%
S&P 500 Return	16%	27%	-19%	24%	23%	16%	112%
Monthly Win Rates [3]
COST Win Rate	75%	75%	50%	75%	50%	50%
Peers Win Rate	58%	60%	45%	60%	58%	50%
S&P 500 Win Rate	58%	75%	42%	67%	75%	70%
Max Drawdowns [4]
COST Max Drawdown	-5%	-17%	-26%	-1%	-2%	-3%
Peers Max Drawdown	-16%	-8%	-30%	-20%	-13%	-16%
S&P 500 Max Drawdown	-31%	-1%	-25%	-1%	-2%	-15%

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, WMT, TGT, DG, BJ. See COST Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/31/2025 (YTD)

How Low Can It Go

Unique Key	Event	COST	S&P 500
2022 Inflation Shock	2022 Inflation Shock
2022 Inflation Shock% Loss	% Loss	-31.5%	-25.4%
2022 Inflation Shock% Gain to Breakeven	% Gain to Breakeven	46.0%	34.1%
2022 Inflation ShockTime to Breakeven	Time to Breakeven	566 days	464 days
2020 Covid Pandemic	2020 Covid Pandemic
2020 Covid Pandemic% Loss	% Loss	-13.6%	-33.9%
2020 Covid Pandemic% Gain to Breakeven	% Gain to Breakeven	15.8%	51.3%
2020 Covid PandemicTime to Breakeven	Time to Breakeven	119 days	148 days
2018 Correction	2018 Correction
2018 Correction% Loss	% Loss	-22.2%	-19.8%
2018 Correction% Gain to Breakeven	% Gain to Breakeven	28.5%	24.7%
2018 CorrectionTime to Breakeven	Time to Breakeven	101 days	120 days
2008 Global Financial Crisis	2008 Global Financial Crisis
2008 Global Financial Crisis% Loss	% Loss	-48.5%	-56.8%
2008 Global Financial Crisis% Gain to Breakeven	% Gain to Breakeven	94.2%	131.3%
2008 Global Financial CrisisTime to Breakeven	Time to Breakeven	701 days	1480 days

Compare to AMZN, WMT, TGT, DG, BJ

In The Past

Costco Wholesale's stock fell -31.5% during the 2022 Inflation Shock from a high on 4/7/2022. A -31.5% loss requires a 46.0% gain to breakeven.

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About Costco Wholesale (COST)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories. The company offers sundries, dry groceries, candies, coolers, freezers, liquor, and tobacco and deli products; appliances, electronics, health and beauty aids, hardware, garden and patio products, sporting goods, tires, toys and seasonal products, office supplies, automotive care products, postages, tickets, apparel, small appliances, furniture, domestics, housewares, special order kiosks, and jewelry; and meat, produce, service deli, and bakery products. It also operates pharmacies, opticals, food courts, hearing-aid centers, and tire installation centers, as well as 636 gas stations; and offers business delivery, travel, same-day grocery, and various other services online in various countries. As of August 29, 2021, the company operated 815 membership warehouses, including 564 in the United States and Puerto Rico, 105 in Canada, 39 in Mexico, 30 in Japan, 29 in the United Kingdom, 16 in South Korea, 14 in Taiwan, 12 in Australia, 3 in Spain, 1 in Iceland, 1 in France, and 1 in China. It also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, South Korea, Taiwan, Japan, and Australia. 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.

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Interactive Breakdown

Costco Wholesale Interactive Breakdown Analysis

Better Bets than Costco Wholesale (COST)

	COST	Better Performance than COST
Metric	Value	Industry (Consumer Staples Merchandise R)
Rev Chg LTM	8.2%	DLTR (13.6%), NGVC (8.5%), MSS (68.0%)
Rev Chg 3Y Avg	6.6%	PSMT (9.0%)
Op Mgn LTM	3.8%	WMT (4.2%), TGT (5.1%), DG (4.3%), DLTR (12.3%), BJ (4.1%)
CFO/Rev LTM	4.8%	WMT (5.5%), TGT (6.0%), DG (7.6%), DLTR (24.8%), PSMT (5.0%)
FCF/Rev LTM	2.8%	DG (4.4%), DLTR (14.3%)
Total Yield	2.3%	WMT (3.5%), TGT (14.2%), DG (6.7%), BJ (5.0%), PSMT (4.8%)

	COST	Better Performance than COST
Metric	Value	Sector (Consumer Staples)
Rev Chg LTM	8.2%	UL (11.1%), JBS (41.6%), DLTR (13.6%), CASY (8.7%), CELH (11.9%)
Rev Chg 3Y Avg	6.6%	PM (8.0%), MDLZ (7.5%), MNST (8.5%), JBS (12.4%), CELH (54.7%)
Op Mgn LTM	3.8%	WMT (4.2%), PG (24.1%), KO (31.3%), PM (37.1%), PEP (13.2%)
CFO/Rev LTM	4.8%	WMT (5.5%), PG (22.3%), KO (16.0%), PM (28.8%), PEP (12.7%)
FCF/Rev LTM	2.8%	PG (17.6%), KO (11.7%), PM (25.3%), PEP (7.3%), UL (12.4%)
Total Yield	2.3%	WMT (3.5%), PG (4.8%), KO (7.3%), PM (7.6%), PEP (7.4%)

	COST	Better Performance than COST
Metric	Value	All Other Sectors
Rev Chg LTM	8.2%	NVDA (71.6%), MSFT (15.6%), GOOGL (13.4%), AMZN (10.9%), AVGO (28.0%)
Rev Chg 3Y Avg	6.6%	NVDA (92.0%), MSFT (13.2%), GOOGL (11.0%), AMZN (11.3%), AVGO (24.0%)
Op Mgn LTM	3.8%	NVDA (58.1%), AAPL (31.9%), MSFT (46.3%), GOOGL (32.2%), AMZN (11.4%)
CFO/Rev LTM	4.8%	NVDA (46.6%), AAPL (26.6%), MSFT (50.0%), GOOGL (39.3%), AMZN (18.1%)
FCF/Rev LTM	2.8%	NVDA (43.6%), AAPL (23.5%), MSFT (26.6%), GOOGL (19.1%), AVGO (41.6%)
Total Yield	2.3%	AAPL (2.8%), MSFT (3.4%), GOOGL (3.9%), AMZN (2.7%), META (3.9%)

		Best Bets In Consumer Staples Sector
	COST	MO	PM	MNST	PG	STZ	CL	HSY	KO	FIZZ	SMPL
What You Pay
P/E	50.0	10.8	26.0	41.4	21.0	18.9	21.5	22.5	22.8	17.3	19.0
P/EBIT	36.9	8.1	14.6	31.4	16.1	10.9	14.8	18.0	16.9	13.6	12.3
What You Get
Rev Chg Q	8.1%	0.2%	9.4%	11.1%	3.0%	-15.0%	1.0%	26.0%	5.1%	0.3%	-1.8%
Rev Chg LTM	8.2%	-0.2%	7.5%	3.7%	1.2%	-5.6%	0.1%	2.5%	2.8%	0.5%	9.0%
Rev Chg 3Y Avg	6.6%	-0.9%	8.0%	8.5%	1.8%	0.7%	4.2%	5.2%	4.0%	1.7%	7.5%
FCF/Rev 3Y Avg	2.7%	42.7%	24.9%	21.4%	18.0%	17.0%	15.4%	13.9%	13.9%	13.9%	13.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

	Title	Topic	Date
0	DASHBOARDS
1	Costco Wholesale Earnings Notes
2	COST Pays Out $31 Bil to Investors in 10 Years
3	How Low Can Costco Wholesale Stock Really Go?	Return
4	Now Is Not The Time To Buy Costco Wholesale Stock	Buy or Fear
5	How Does COST Stack Up Against Its Peers?
6	Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From MSFT, GOOGL
7	Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From CASY, USFD
8	[7/15/2025] Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From Sector Peers SFM, CASY, MDLZ, BRBR, USFD	Better Bets
9	COST Dip Buy Analysis
10	COST YTD Stock Return Of 11% Outperforms TGT by 40% and Underperforms DG by -42%	Return
11	ARTICLES
12	Costco Wholesale Stock Hands $31 Bil Back – Worth a Look?		October 24th, 2025
13	Now Is Not The Time To Buy Costco Wholesale Stock		September 27th, 2025
14	How Does COST Stack Up Against Its Peers?		September 27th, 2025
15	Will You Be Comfortable Buying Costco Wholesale Stock?		September 27th, 2025
16	S&P 500 Movers \| Winners: EA, PCAR, CDW \| Losers: COST, ORCL, EBAY		September 27th, 2025

	Title
0	DASHBOARDS
1	Costco Wholesale Stock Hands $31 Bil Back – Worth a Look?
2	Now Is Not The Time To Buy Costco Wholesale Stock
3	How Does COST Stack Up Against Its Peers?
4	Will You Be Comfortable Buying Costco Wholesale Stock?
5	S&P 500 Movers \| Winners: EA, PCAR, CDW \| Losers: COST, ORCL, EBAY
6	ARTICLES
7	Costco Wholesale Earnings Notes
8	COST Pays Out $31 Bil to Investors in 10 Years
9	How Low Can Costco Wholesale Stock Really Go?
10	Now Is Not The Time To Buy Costco Wholesale Stock
11	How Does COST Stack Up Against Its Peers?
12	Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From MSFT, GOOGL
13	Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From CASY, USFD
14	[7/15/2025] Better Bet Than COST Stock: Pay Less Than Costco Wholesale To Get More From Sector Peers SFM, CASY, MDLZ, BRBR, USFD
15	COST Dip Buy Analysis
16	COST YTD Stock Return Of 11% Outperforms TGT by 40% and Underperforms DG by -42%

Trade Ideas

Select past ideas related to COST. For more, see Trefis Trade Ideas.

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CLX_10312025_Dip_Buyer_ValueBuy	10312025	CLX	Clorox	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
IPAR_10032025_Dip_Buyer_FCFYield	10032025	IPAR	Interparfums	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.7%	-5.7%	-5.7%
TAP_9262025_Dip_Buyer_FCFYield	09262025	TAP	Molson Coors Beverage	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.5%	-2.5%	-2.9%
GIS_9262025_Dip_Buyer_ValueBuy	09262025	GIS	General Mills	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.8%	-5.8%	-5.9%
SMPL_9122025_Dip_Buyer_FCFYield	09122025	SMPL	Simply Good Foods	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-27.9%	-27.9%	-29.1%

Unique Key	Date	Ticker	Company	Category	Trade Strategy	6M Fwd Rtn	12M Fwd Rtn	12M Max DD
CLX_10312025_Dip_Buyer_ValueBuy	10312025	CLX	Clorox	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	0.0%	0.0%	0.0%
IPAR_10032025_Dip_Buyer_FCFYield	10032025	IPAR	Interparfums	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-5.7%	-5.7%	-5.7%
TAP_9262025_Dip_Buyer_FCFYield	09262025	TAP	Molson Coors Beverage	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-2.5%	-2.5%	-2.9%
GIS_9262025_Dip_Buyer_ValueBuy	09262025	GIS	General Mills	Dip Buy	DB \| P/E OPMDip Buy with Low PE and High Margin Buying dips for companies with tame PE and meaningfully high operating margin	-5.8%	-5.8%	-5.9%
SMPL_9122025_Dip_Buyer_FCFYield	09122025	SMPL	Simply Good Foods	Dip Buy	DB \| FCFY OPMDip Buy with High FCF Yield and High Margin Buying dips for companies with high FCF yield and meaningfully high operating margin	-27.9%	-27.9%	-29.1%

Recent Active Movers

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Recent Active Movers

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Peer Comparisons for Costco Wholesale

Financials

	COST	AMZN	WMT	TGT	DG	BJ	Median
Name	Costco W.	Amazon.c.	Walmart	Target	Dollar G.	BJ's Who.
Mkt Price	-	-	-	-	-	-	-
Mkt Cap	404.7	2,597.8	807.2	42.2	21.7	11.6	223.4
Rev LTM	275,235	670,038	693,153	105,640	41,652	20,912	190,438
Op Inc LTM	10,383	76,190	28,988	5,424	1,790	861	7,904
FCF LTM	7,837	13,481	13,753	2,944	1,850	282	5,390
FCF 3Y Avg	7,070	21,677	14,986	3,282	1,211	285	5,176
CFO LTM	13,335	121,137	38,438	6,386	3,158	937	9,860
CFO 3Y Avg	11,914	96,977	36,707	7,470	2,746	808	9,692

Growth & Margins

	COST	AMZN	WMT	TGT	DG	BJ	Median
Name	Costco W.	Amazon.c.	Walmart	Target	Dollar G.	BJ's Who.
Rev Chg LTM	8.2%	10.9%	4.2%	-1.5%	5.0%	2.5%	4.6%
Rev Chg 3Y Avg	6.6%	11.3%	5.7%	-0.7%	5.7%	4.7%	5.7%
Rev Chg Q	8.1%	13.3%	4.8%	-0.9%	5.1%	3.4%	4.9%
QoQ Delta Rev Chg LTM	2.4%	3.0%	1.2%	-0.2%	1.3%	0.8%	1.2%
Op Mgn LTM	3.8%	11.4%	4.2%	5.1%	4.3%	4.1%	4.2%
Op Mgn 3Y Avg	3.6%	7.9%	4.0%	5.1%	5.9%	4.0%	4.5%
QoQ Delta Op Mgn LTM	0.0%	0.3%	-0.1%	-0.3%	0.1%	0.0%	0.0%
CFO/Rev LTM	4.8%	18.1%	5.5%	6.0%	7.6%	4.5%	5.8%
CFO/Rev 3Y Avg	4.6%	15.8%	5.5%	7.0%	6.8%	4.0%	6.2%
FCF/Rev LTM	2.8%	2.0%	2.0%	2.8%	4.4%	1.3%	2.4%
FCF/Rev 3Y Avg	2.7%	3.5%	2.3%	3.1%	3.0%	1.4%	2.9%

Valuation

	COST	AMZN	WMT	TGT	DG	BJ	Median
Name	Costco W.	Amazon.c.	Walmart	Target	Dollar G.	BJ's Who.
Mkt Cap	404.7	2,597.8	807.2	42.2	21.7	11.6	223.4
P/S	1.5	3.9	1.2	0.4	0.5	0.6	0.9
P/EBIT	36.9	30.5	25.9	7.6	12.1	14.1	20.0
P/E	50.0	36.8	37.8	10.7	18.2	20.1	28.4
P/CFO	30.3	21.4	21.0	6.6	6.9	12.4	16.7
Total Yield	2.3%	2.7%	3.5%	14.2%	6.7%	5.0%	4.3%
Dividend Yield	0.3%	0.0%	0.9%	4.9%	1.2%	0.0%	0.6%
FCF Yield 3Y Avg	2.1%	1.1%	2.8%	5.6%	4.5%	2.5%	2.7%
D/E	0.0	0.1	0.1	0.5	0.8	0.2	0.2
Net D/E	-0.0	0.0	0.1	0.4	0.7	0.2	0.1

Returns

	COST	AMZN	WMT	TGT	DG	BJ	Median
Name	Costco W.	Amazon.c.	Walmart	Target	Dollar G.	BJ's Who.
1M Rtn	-	-	-	-	-	-	-
3M Rtn	-	-	-	-	-	-	-
6M Rtn	-	-	-	-	-	-	-
12M Rtn	-	-	-	-	-	-	-
3Y Rtn	-	-	-	-	-	-	-
1M Excs Rtn	-2.3%	7.9%	-2.4%	1.7%	-4.6%	-4.9%	-2.3%
3M Excs Rtn	-12.5%	7.3%	-6.2%	-14.1%	-18.6%	-26.2%	-13.3%
6M Excs Rtn	-29.6%	8.3%	-17.3%	-22.9%	-9.8%	-45.1%	-20.1%
12M Excs Rtn	-13.8%	10.7%	7.8%	-52.2%	9.5%	-13.2%	-2.7%
3Y Excs Rtn	11.9%	32.6%	44.9%	-117.2%	-136.8%	-60.9%	-24.5%

Comparison Analyses

	Title
0	Costco Wholesale vs. Cardinal Health: With Return Forecast Of 22%, Cardinal Health Is A Better Bet
1	Costco Wholesale vs. Microsoft: With Return Forecast Of 26%, Microsoft Is A Better Bet
2	Costco Wholesale vs. Amazon.com: With Return Forecast Of 53%, Amazon.com Is A Better Bet
3	Costco Wholesale vs. Target: With Return Forecast Of 11%, Target Is A Better Bet
4	Costco Wholesale vs. BJ's Wholesale Club: With Return Forecast Of -4.6%, Costco Wholesale Is A Better Bet
5	Costco Wholesale vs. Dollar General: With Return Forecast Of 14%, Dollar General Is A Better Bet
6	Costco Wholesale vs. Walmart: With Return Forecast Of -4.6%, Costco Wholesale Is A Better Bet
7	Costco Wholesale vs. Adobe: With Return Forecast Of 58%, Adobe Is A Better Bet
8	Costco Wholesale vs. Netflix: With Return Forecast Of 52%, Netflix Is A Better Bet
9	Costco Wholesale vs. Thermo Fisher Scientific: With Return Forecast Of 14%, Thermo Fisher Scientific Is A Better Bet

Financials

Annual
Quarterly

$ Mil \| FY: 8/31	LTM	2025	2024	2023	2022	2021	2020
Period End	8/31/2025	8/31/2025	9/1/2024	9/3/2023	8/28/2022	8/29/2021	8/30/2020
Filing Date	10/8/2025	10/8/2025	10/9/2024	10/11/2023	10/5/2022	10/6/2021	10/7/2020
Key Financials
Total Revenue	275,235	275,235	254,453	242,290	226,954	195,929	166,761
EBITDA	13,398	13,398	12,146	10,724	9,898	8,632	7,176
Operating Income	10,383	10,383	9,285	8,114	7,793	6,708	5,435
Net Income	8,099	8,099	7,367	6,292	5,844	5,007	4,002
EPS	18.25	18.24	16.59	14.18	13.17	11.30	9.05
Growth Rates
Total Revenue Growth	8.2%	8.2%	5.0%	6.8%	15.8%	17.5%	9.2%
EBITDA Growth	10.3%	10.3%	13.3%	8.3%	14.7%	20.3%	12.0%
Operating Income Growth	11.8%	11.8%	14.4%	4.1%	16.2%	23.4%	14.7%
Net Income Growth	9.9%	9.9%	17.1%	7.7%	16.7%	25.1%	9.4%
Margins
EBITDA Margin	4.9%	4.9%	4.8%	4.4%	4.4%	4.4%	4.3%
Operating Income Margin	3.8%	3.8%	3.6%	3.3%	3.4%	3.4%	3.3%
Net Income Margin	2.9%	2.9%	2.9%	2.6%	2.6%	2.6%	2.4%
Cash & Debt
Total Cash	15,284	15,284	11,144	15,234	11,049	12,175	13,305
Total Debt	8,173	8,173	8,169	8,884	9,039	10,133	10,167
Net Debt / (Cash)	-7,111	-7,111	-2,975	-6,350	-2,010	-2,042	-3,138
Cash Flows
Net Cash from Operations	13,335	13,335	11,339	11,068	7,392	8,958	8,861
Free Cash from Operations	7,837	7,837	6,629	6,745	3,501	5,370	6,051
Returns to Shareholders
Dividends	2,183	2,183	9,041	1,251	1,498	5,748	1,479
Share Repurchases	903	903	700	676	439	496	196

$ Mil \| FY: 8/31	2025Q4	2025Q3	2025Q2	2025Q1	2024Q4	2024Q3	2024Q2	2024Q1	2023Q4	2023Q3	2023Q2	2023Q1
Period End	8/31/2025	5/11/2025	2/16/2025	11/24/2024	9/1/2024	5/12/2024	2/18/2024	11/26/2023	9/3/2023	5/7/2023	2/12/2023	11/20/2022
Filing Date	10/8/2025	6/5/2025	3/13/2025	12/19/2024	10/9/2024	6/6/2024	3/13/2024	12/20/2023	10/11/2023	6/1/2023	3/9/2023	12/29/2022
Key Financials Quarterly
Total Revenue	86,156	63,205	63,723	62,151	79,697	58,515	58,442	57,799	78,939	53,648	55,266	54,437
Ebitda	4,330	3,167	3,010	2,891	3,868	2,841	2,792	2,645	3,707	2,279	2,487	2,251
Operating Income	3,341	2,530	2,316	2,196	3,042	2,197	2,062	1,984	2,781	1,679	1,903	1,751
Net Income	2,610	1,903	1,788	1,798	2,354	1,681	1,743	1,589	2,160	1,302	1,466	1,364
EPS	5.88	4.29	4.03	4.05	5.30	3.79	3.93	3.58	4.87	2.94	3.30	3.07
Key Financials TTM
Total Revenue TTM	275,235	268,776	264,086	258,805	254,453	253,695	248,828	245,652	242,290	235,442	234,390	231,028
Ebitda TTM	13,398	12,936	12,610	12,392	12,146	11,985	11,423	11,118	10,724	10,182	10,196	9,982
Operating Income TTM	10,383	10,084	9,751	9,497	9,285	9,024	8,506	8,347	8,114	7,830	7,942	7,851
Net Income TTM	8,099	7,843	7,621	7,576	7,367	7,173	6,794	6,517	6,292	6,000	6,051	5,884
Growth Rates Quarterly
Total Revenue Growth	8.1%	8.0%	9.0%	7.5%	1.0%	9.1%	5.7%	6.2%	9.5%	2.0%	6.5%	8.1%
EBITDA Growth	11.9%	11.5%	7.8%	9.3%	4.3%	24.7%	12.3%	17.5%	17.1%	-0.6%	9.4%	3.9%
Operating Income Growth	9.8%	15.2%	12.3%	10.7%	9.4%	30.9%	8.4%	13.3%	11.4%	-6.3%	5.0%	3.4%
Net Income Growth	10.9%	13.2%	2.6%	13.2%	9.0%	29.1%	18.9%	16.5%	15.6%	-3.8%	12.9%	3.0%
Margins Quarterly
EBITDA Margin	5.0%	5.0%	4.7%	4.7%	4.9%	4.9%	4.8%	4.6%	4.7%	4.2%	4.5%	4.1%
Operating Income Margin	3.9%	4.0%	3.6%	3.5%	3.8%	3.8%	3.5%	3.4%	3.5%	3.1%	3.4%	3.2%
Net Income Margin	3.0%	3.0%	2.8%	2.9%	3.0%	2.9%	3.0%	2.7%	2.7%	2.4%	2.7%	2.5%
Cash & Debt
Total Cash	15,284	14,850	13,158	11,827	11,144	11,499	10,321	17,864	15,234	13,708	13,705	11,673
Total Debt	8,173	8,180	8,039	8,033	8,169	9,297	9,433	9,347	8,884	9,004	9,139	9,046
Net Debt / (Cash)	-7,111	-6,670	-5,119	-3,794	-2,975	-2,202	-888	-8,517	-6,350	-4,704	-4,566	-2,627
Cash Flows Quarterly
FCF from Operations	3,867	3,460	2,748	3,260	2,958	2,999	731	4,651	3,725	1,541	3,192	2,610
Cash Flows TTM
FCF from Operations TTM	13,335	12,426	11,965	9,948	11,339	12,106	10,648	13,109	11,068	9,849	9,535	6,744
Returns to Shareholders Quarterly
Dividends	1,153	515	0	515	514	515	7,107	905	452	399	0	400
Share Repurchases	280	211	205	207	216	162	160	162	230	162	143	141
Return on Invested Capital (ROIC) Quarterly
ROIC	-	-	994.0%	350.0%	293.9%	180.7%	131.4%	-	-	595.6%	634.4%	221.9%
Return on Invested Capital (ROIC) TTM
ROIC TTM	-	-	1066.8%	369.9%	224.3%	188.5%	130.1%	-	-	706.0%	672.4%	242.1%

Segment Financials

Revenue by Segment

$ Mil	2025	2024	2023	2022	2021
Operation of membership warehouses	242,290	226,954	195,929	166,761	152,703
Total	242,290	226,954	195,929	166,761	152,703

Price Behavior

Price Behavior

Market Price	$911.45
Market Cap ($ Bil)	404.7
First Trading Date	07/09/1986
Distance from 52W High	-15.0%
	50 Days	200 Days
DMA Price	$938.67	$969.80
DMA Trend	indeterminate	down
Distance from DMA	-2.9%	-6.0%
	3M	1YR
Volatility	18.2%	21.9%
Downside Capture	-5.35	47.53
Upside Capture	-23.17	42.91
Correlation (SPY)	5.3%	46.6%

COST Betas & Captures as of 10/31/2025

	1M	2M	3M	6M	1Y	3Y
Beta	0.19	0.12	0.08	0.28	0.51	0.67
Up Beta	0.66	0.58	0.38	0.52	0.58	0.70
Down Beta	0.77	0.73	0.46	0.53	0.50	0.59
Up Capture	-36%	-39%	-20%	-6%	31%	43%
Bmk +ve Days	14	27	37	74	145	425
Stock +ve Days	9	21	32	59	126	408
Down Capture	-31%	-34%	-17%	26%	58%	86%
Bmk -ve Days	9	17	28	53	106	327
Stock -ve Days	13	22	32	67	124	343

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

1Y 5Y 10Y

Based On 1-Year Data

		Comparison of COST With Other Asset Classes (Last 1Y)
	COST	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	3.0%	-4.2%	18.5%	45.3%	3.1%	-4.4%	56.7%
Annualized Volatility	21.7%	13.8%	19.6%	19.9%	16.3%	18.1%	37.0%
Sharpe Ratio	0.05	-0.55	0.74	1.77	0.00	-0.39	0.94
Correlation With Other Assets		59.8%	46.5%	4.4%	5.7%	42.4%	22.3%

ETFs used for asset classes: Sector ETF = XLP, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Based On 5-Year Data

		Comparison of COST With Other Asset Classes (Last 5Y)
	COST	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	21.5%	5.7%	16.1%	15.6%	12.7%	5.9%	53.1%
Annualized Volatility	22.6%	13.1%	17.2%	15.6%	18.9%	19.2%	49.2%
Sharpe Ratio	0.83	0.24	0.77	0.80	0.56	0.23	0.80
Correlation With Other Assets		62.5%	58.0%	10.0%	7.1%	41.6%	22.0%

Based On 10-Year Data

		Comparison of COST With Other Asset Classes (Last 10Y)
	COST	Sector ETF	Equity	Gold	Commodities	Real Estate	Bitcoin
Annualized Return	21.4%	6.9%	14.5%	12.7%	5.2%	5.0%	81.9%
Annualized Volatility	21.9%	14.7%	18.0%	14.7%	17.7%	20.9%	56.2%
Sharpe Ratio	0.88	0.35	0.70	0.71	0.23	0.21	0.98
Correlation With Other Assets		63.7%	58.2%	5.6%	12.8%	42.1%	14.2%

Short Interest

Short Interest: As Of Date	10152025
Short Interest: Shares Quantity	6,948,318
Short Interest: % Change Since 9302025	3.9%
Average Daily Volume	2,486,342
Days-to-Cover Short Interest	2.79
Basic Shares Quantity	444,012,000
Short % of Basic Shares	1.6%

Returns Analyses

	Title
0	How Low Can Costco Wholesale Stock Really Go?
1	COST YTD Stock Return Of 11% Outperforms TGT by 40% and Underperforms DG by -42%
2	Costco Wholesale During 2008 Recession vs. 2022 Inflation Shock: COST Stock Is Now 57% Higher Than Its Pre-Shock High
3	Costco Stock Return Comparison
4	[10/15/2021] Costco (COST) Stock Price Forecast: AI Forecasts COST Stock Price To Be Around $459 In A Month (Up 1.4%)
5	Costco Wholesale Total Shareholder Return (TSR): 20.2% in 2023 and 18.3% 3-yr returns (below peer average)

SEC Filings

Expand for More

Report Date	Filing Date	Filing
8312025	10082025	10-K 8/31/2025
5312025	6052025	10-Q 5/11/2025
2282025	3132025	10-Q 2/16/2025
11302024	12192024	10-Q 11/24/2024
8312024	10092024	10-K 9/1/2024
5312024	6062024	10-Q 5/12/2024
2292024	3132024	10-Q 2/18/2024
11302023	12202023	10-Q 11/26/2023
8312023	10112023	10-K 9/3/2023
5312023	6012023	10-Q 5/7/2023
2282023	3092023	10-Q 2/12/2023
11302022	12292022	10-Q 11/20/2022
8312022	10052022	10-K 8/28/2022
5312022	6022022	10-Q 5/8/2022
2282022	3102022	10-Q 2/13/2022
11302021	12222021	10-Q 11/21/2021

Insider Activity

Expand for More

	Owner	Title	Filing Date	Action	Price	Shares	Transacted Value	Value of Held Shares	Form
0	Jones Teresa A.	Executive Vice President	8222025	Sell	992.05	600	595,230	2,343,346	Form
1	Rubanenko Yoram	Executive Vice President	7152025	Sell	974.96	4,000	3,899,852	5,629,468	Form
2	DECKER SUSAN L		6202025	Sell	980.00	546	535,080	11,301,297	Form
3	Callans Patrick J	Executive Vice President	6102025	Sell	1002.77	3,000	3,008,298	58,704,666	Form
4	Riel Pierre	Executive Vice President	6092025	Sell	1014.15	2,000	2,028,294	8,326,396	Form

External Quote Links

0	Y Finance	Barrons
1	TradingView	Morningstar
2	SeekingAlpha	ValueLine
3	Motley Fool	Robinhood
4	CNBC	Etrade
5	MarketWatch	Unusual Whales
6	YCharts	Perplexity Finance
7	FinViz

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Costco Wholesale (COST)

Market Price (11/3/2025): $912.76 | Market Cap: $405.3 BilSector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

Costco Wholesale (COST)

Market Price (11/3/2025): $912.76Market Cap: $405.3 BilSector: Consumer StaplesIndustry: Consumer Staples Merchandise Retail

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COST Stock

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About Costco Wholesale (COST)

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Market Price (11/3/2025): $912.76 | Market Cap: $405.3 Bil
Sector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

Market Price (11/3/2025): $912.76
Market Cap: $405.3 Bil
Sector: Consumer Staples
Industry: Consumer Staples Merchandise Retail