COSTNasdaqRetail-Variety StoresFiscal year ends August 30
COSTCO WHOLESALE CORP /NEW
Financials through Q4 FY2026, quarter ended Aug 30, 2026Last filing: 10-K on Oct 7, 2026
$995.53+6.42 (+0.65%)
Close on Oct 19, 2026
- Market cap
- $442.36B
- P/E (TTM)
- 48.0
- Dividend yield
- 0.56%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
12.8%−0.1 pts over 5 years
Operating margin
3.9%+0.4 pts over 5 years
Net margin
3.0%+0.5 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +10.1% | +7.8% | +9.1% | +9.8% | |
| Gross profit | +10.0% | +9.4% | +9.0% | +9.4% | |
| Operating income | +12.5% | +12.9% | +11.7% | +12.3% | |
| Net income | +13.9% | +13.6% | +13.0% | +14.7% | |
| EPS, diluted | +14.0% | +13.6% | +13.0% | +14.6% | |
| Free cash flow | +19.7% | +11.6% | +11.8% | +30.7% | |
| Dividend per share | +12.6% | +13.0% | – | +12.5% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 23.4% | 27.9% | 28.4% | |
| Return on assets | 7.7% | 8.7% | 11.1% | |
| Current ratio | 0.99 | 1.00 | 1.06 | |
| Debt to equity | 0.62 | 0.43 | 0.17 | |
| Net debt to EBITDA | 0.39× | -0.44× | -0.98× | |
| Interest coverage | 30.7× | 39.2× | 80.6× | |
| Inventory turnover | 11.9× | 12.9× | 14.1× | |
| Capex to revenue | 1.9% | 1.8% | 2.1% | |
| Diluted shares | 441M | 444M | 444M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Costco Wholesale generated $58.95B from operations and spent $44.85B on capital expenditure, dividends and share buybacks. 55% of that went back into the business.
Generated
$58.95B
Used
$44.85B
Capital expenditure$24.86B55%Dividends$16.43B37%Share buybacks$3.57B8%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.0%
×Asset turnover3.65×
×Equity multiplier2.56×
=Return on equity, FY202628.4%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 3.0% | 3.65× | 2.56× | 28.4% |
| FY2025 | 2.9% | 3.75× | 2.78× | 30.7% |
| FY2024 | 2.9% | 3.67× | 2.85× | 30.3% |
| FY2023 | 2.6% | 3.64× | 2.91× | 27.5% |
| FY2022 | 2.6% | 3.68× | 3.23× | 30.6% |
| FY2021 | 2.6% | 3.41× | 3.20× | 27.9% |
| FY2020 | 2.4% | 3.30× | 3.01× | 23.9% |
| FY2019 | 2.4% | 3.54× | 3.08× | 26.1% |
| FY2018 | 2.2% | 3.67× | 3.27× | 26.6% |
| FY2017 | 2.1% | 3.71× | 3.04× | 23.4% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
7of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$9.23B
- Cash generatingOperating cash flow above zero$15.82B
- Return on assets improvedROA up on the prior year11.6% → 12.0%
- Earnings backed by cashOperating cash flow above net income$15.82B vs $9.23B
- Less leverageLong-term debt to assets fell7.4% → 4.4%
- Better liquidityCurrent ratio rose1.03 → 1.06
- No dilutionShare count did not rise445M → 444M
- Gross margin improvedGross margin up on the prior year12.84% → 12.82%
- More efficientAsset turnover rose3.94 → 3.93