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COST

Costco Wholesale Corporation

COST

Costco Wholesale Corporation • NASDAQ
$913.44 ▲ 0.57% (+5.18)
Market Cap $404.82 B
52w High $1078.23
52w Low $871.71
Dividend Yield 5.06%
P/E 50.27
Volume 1.09M
Outstanding Shares 443.18M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $86.156B ▲ $7.778B ▲ $2.61B ▲ 3.029% ▲ $5.88 ▲ $5.686B ▲
Q3-2025 $63.205B ▼ $5.679B ▲ $1.903B ▲ 3.011% ▲ $4.29 ▲ $3.167B ▲
Q2-2025 $63.723B ▲ $5.663B ▼ $1.788B ▼ 2.806% ▼ $4.03 ▼ $1.801B ▼
Q1-2025 $62.151B ▼ $5.846B ▼ $1.798B ▼ 2.893% ▼ $4.05 ▼ $2.744B ▼
Q4-2024 $79.697B $7.067B $2.354B 2.954% $5.3 $3.868B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $15.284B ▲ $77.099B ▲ $47.935B ▼ $29.164B ▲
Q3-2025 $14.85B ▲ $75.482B ▲ $48.357B ▲ $27.125B ▲
Q2-2025 $13.158B ▲ $73.224B ▼ $47.647B ▼ $25.577B ▲
Q1-2025 $11.827B ▲ $73.386B ▲ $48.935B ▲ $24.451B ▲
Q4-2024 $11.144B $69.831B $46.209B $23.622B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $2.61B ▲ $3.867B ▲ $-1.968B ▼ $-1.593B ▼ $325M ▼ $1.901B ▼
Q3-2025 $1.903B ▲ $3.46B ▲ $-1.336B ▼ $-748M ▼ $1.48B ▲ $2.329B ▲
Q2-2025 $1.788B ▼ $2.748B ▼ $-1.022B ▼ $-241M ▲ $1.449B ▲ $1.611B ▼
Q1-2025 $1.798B ▼ $3.26B ▲ $-985M ▲ $-1.193B ▲ $1.001B ▲ $1.996B ▲
Q4-2024 $2.354B $2.958B $-1.703B $-1.816B $-498M $1.381B

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Food and Sundries
Food and Sundries
 $25.06Bn ▲$25.11Bn ▲$25.15Bn ▲$34.24Bn ▲
Fresh Food
Fresh Food
 $8.22Bn ▲$8.84Bn ▲$8.79Bn ▼$12.15Bn ▲
Membership
Membership
 $1.17Bn ▲$1.19Bn ▲$1.24Bn ▲$1.72Bn ▲
NonFoods
NonFoods
 $16.17Bn ▲$17.53Bn ▲$16.08Bn ▼$21.41Bn ▲
Other
Other
 $11.53Bn ▲$11.06Bn ▼$11.95Bn ▲$16.63Bn ▲

Five-Year Company Overview

Income Statement

Income Statement Costco’s income statement shows a long stretch of steady, healthy growth. Sales have increased every year, and profits have risen even faster than revenues, which suggests the company is gaining operating efficiency and slightly improving its margins over time. Earnings per share have climbed consistently as well, helped by both higher profits and disciplined cost control. Overall, the core business looks durable, with no obvious signs of margin strain in recent years.

Balance Sheet

Balance Sheet The balance sheet looks conservative and sturdy. Total assets and shareholder equity have both grown meaningfully, which indicates the company has been building its financial base rather than stretching it. Debt has inched down over time and sits at a manageable level relative to the size of the business and its earnings power. Cash balances are strong, giving Costco flexibility to invest, weather downturns, and handle obligations without relying heavily on borrowing.

Cash Flow

Cash Flow Costco generates solid and growing cash flow from its operations, a key sign of underlying business strength. Free cash flow has trended upward despite rising capital spending, which reflects ongoing investment in new warehouses, logistics, and technology while still leaving a comfortable surplus. The pattern suggests Costco can fund its growth largely from internal cash rather than external financing, although free cash flow can fluctuate with the pace of expansion projects.

Competitive Edge

Competitive Edge Costco’s competitive position appears exceptionally strong and well-defended. The membership model creates a loyal customer base and a reliable, high‑margin revenue stream that supports its very low pricing strategy. The Kirkland private label, limited and carefully curated assortment, and efficient warehouse format all reinforce its cost advantage and bargaining power with suppliers. Ancillary services like gas, pharmacies, optical centers, and the food court deepen member engagement and make it harder for rivals—whether online players or other warehouse clubs—to match the full value proposition. The main ongoing risk is intense competition from large retailers and e‑commerce platforms that constantly push on price and convenience.

Innovation and R&D

Innovation and R&D Costco’s innovation is practical and operations‑driven rather than flashy. Behind the scenes, the company is using artificial intelligence, automation, and advanced inventory systems to fine‑tune stocking levels, reduce waste, and keep shelves full at low cost. On the customer side, it has steadily upgraded its website and app, expanded e‑commerce, and introduced options like buying online and picking up in store for select categories. The continued evolution of the Kirkland brand, experiments with new product lines (such as gold bars and fresh sushi), and potential new digital revenue streams like retail media show that Costco is innovating in ways that reinforce its core strengths instead of chasing trends. Execution quality and pace of digital progress are key areas to watch.

Summary

Overall, Costco looks like a financially strong, cash‑generative retailer with a wide and durable competitive moat built around membership, scale, and operational excellence. Revenues, profits, and cash flows have all grown steadily, while the balance sheet has become stronger and less reliant on debt. The business model appears resilient across economic cycles, though it remains sensitive to competitive pricing pressure, shifts in consumer behavior, and the need to keep membership renewal rates high. Future growth will likely hinge on continued warehouse expansion, especially internationally, ongoing digital and supply‑chain innovation, and the ability to keep enhancing member value without sacrificing its disciplined cost structure.

NEWS

November 19, 2025 · 4:43 PM UTC

HYSTER-YALE ANNOUNCES COST REDUCTION ACTIONS AMID CHALLENGING MARKET CONDITIONS

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November 14, 2025 · 3:31 PM UTC

Hagens Berman: Consumers Sue Costco Alleging Kirkland Signature Tequila is a Sham

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November 5, 2025 · 4:15 PM UTC

Costco Wholesale Corporation Reports October Sales Results

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October 28, 2025 · 7:30 AM UTC

HONEYWELL INTRODUCES NEW, INNOVATIVE TECHNOLOGY THAT PRODUCES LOW-COST, HIGH QUALITY RENEWABLE FUELS FROM BIOMASS

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October 15, 2025 · 4:15 PM UTC

Costco Wholesale Corporation Announces Quarterly Cash Dividend

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