Stocktoria

COSTCO WHOLESALE CORP /NEW COST

Nasdaq · stock · Retail-Variety Stores · website · IPO 1985-12-05

COSTCO WHOLESALE CORP /NEW statistics & valuation

Market cap$422.4B
P / E52.2×
P / S1.5×
P / B14.5×
P / FCF53.9×
Dividend yield0.52%
Net margin2.9%
Return on equity27.8%
FCF margin2.8%
Net cash$8.4B
Net debt / EBITDA-0.7×
Enterprise value USD$414.0B
EV / EBITDA32.3×
Earnings yield EBIT/EV2.5%
Return on capital26%
Graham number -82.7%$163.90

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($163.90); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
2.00% 2.10% 2.20% 2.40% 2.40% 2.60% 2.60% 2.60% 2.90% 2.90% 2016201720182019202020212022202320242025
Gross margin (%)
10.80% 2016201720182019202020212022202320242025
Operating margin (%)
3.10% 3.20% 3.20% 3.10% 3.30% 3.40% 3.40% 3.30% 3.60% 3.80% 2016201720182019202020212022202320242025
Return on equity (%)
19.10% 24.20% 23.90% 23.50% 21.40% 27.70% 28.30% 25.10% 31.20% 27.80% 2016201720182019202020212022202320242025
Shares outstanding
441.3M 440.9M 441.8M 442.9M 443.9M 444.3M 444.8M 444.5M 444.8M 444.8M 2016201720182019202020212022202320242025
Net debt ($)
$1.78B $2.11B $558.0M -$1.53B -$4.62B -$3.73B -$3.72B -$8.32B -$4.11B -$8.45B 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
7.10% 7.40% 7.70% 8.10% 7.20% 8.40% 9.10% 9.10% 10.50% 10.50% 2016201720182019202020212022202320242025
Free cash flow margin (%)
0.50% 3.30% 2.00% 2.20% 3.60% 2.70% 1.50% 2.80% 2.60% 2.80% 2016201720182019202020212022202320242025
Debt / equity (×)
0.42× 0.60× 0.50× 0.44× 0.41× 0.42× 0.31× 0.21× 0.25× 0.20× 2016201720182019202020212022202320242025
EPS ($)
$5.33 $6.08 $7.09 $8.26 $9.02 $11.27 $13.14 $14.16 $16.56 $18.21 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

COSTCO WHOLESALE CORP /NEW trades at about 52.1× earnings — above its 10-year norm (10-year range 27×–53.5×, median 39.4×).

27× 53.5×

Shaded band = 10-year range (27×–53.5×); dot = today's 52.1×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Gross margin——————10.8%———
Operating margin3.8%3.6%3.3%3.4%3.4%3.3%3.1%3.2%3.2%3.1%
Net margin2.9%2.9%2.6%2.6%2.6%2.4%2.4%2.2%2.1%2.0%
FCF margin2.8%2.6%2.8%1.5%2.7%3.6%2.2%2.0%3.3%0.5%
Return on assets10.5%10.5%9.1%9.1%8.4%7.2%8.1%7.7%7.4%7.1%
Return on equity27.8%31.2%25.1%28.3%27.7%21.4%23.5%23.9%24.2%19.1%
Debt / equity0.20×0.25×0.21×0.31×0.42×0.41×0.44×0.50×0.60×0.42×
Current ratio1.030.971.071.021.001.131.011.020.990.98

Computed from company filings · US · as of 2025-08-31. Facts plus Stocktoria's own computed scores — not investment advice.