COST
COSTCO WHOLESALE CORP /NEW
Consumer Discretionary • CIK 0000909832
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Market Cap
$447.86B
P/E (TTM)
50.7x
Rev Growth (TTM)
+9.2%
Net Margin (TTM)
3.0%
FCF Yield (TTM)
2.0%
FCF Margin (TTM)
3.0%
Filings your agent reads
Primary-source SEC disclosures, read end-to-end — every figure traceable to its filing.
10-QQ3 20262026-06-03source
8-KEarnings2026-05-28source
8-KApr 20262026-04-15source
10-QQ2 20262026-03-11source
8-KEarnings2026-03-05source
Point your agent at COST and it navigates these the same way — citing each number back to the filing.
Cash Flow Health
Free Cash Flow8/8 positive
TTM$8.8B
Q3 '26
$2.0B+19%
Q2 '26
$1.7B-46%
FCF Margin
TTM3.0%
Q3 '262.9%+18%
Sector: 2.3%Above Avg
OCF Margin5.1%
OCF/NI1.70x
CapEx Coverage2.4x
FCF Yield2.0%
FCF Growth (2Y)+15%
Cash Conversion Cycle
1 days
DSO: 4+DIO: 28−DPO: 30
Capital Allocation & Returns
Growth Focused
Total Shareholder YieldTTM
TTM0.7%
Div Yield0.5%
+Buyback (TTM)0.2%
Prioritizing reinvestment over distributions
Dividend & Payout Metrics
Dividend Yield (TTM)0.5%
FCF Payout Ratio27.1%
Free Cash Flow (TTM)$8.8B
Stock Repurchases (TTM)$883.0M
Capital Return / FCF10.0%
Est. Dividends Paid (TTM)$2.4B
Shows how management rewards shareholders
Operational Efficiency & Returns
Return on Invested CapitalTTM
22.7%
Stable
-0.0% YoY-5.6%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
2.9%
8Q: 2.9%
Asset Turnover
3.62x
8Q: 3.44x
Leverage (1+D/E)
1.17x
D/E: 0.17x
DuPont: 12.2% ≈ 22.7% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
8.99x
8Q:8.46x
-156.5%
Invested Cap Turn
7.90x
8Q:7.80x
-224.7%
CapEx Intensity
16.7%
8Q:15.3%
CapEx/Depreciation
2.41x
Asset-based ROIC formula
Valuation Analysis
Fair Value
Price-to-EarningsTTM
50.7x
Volatile
8Q: 213.3x-845%
High PEG ratio (4.0x) suggests expensive for growth
Valuation Lenses
Earnings
50.7x
vs – sector
Cash Flow
49.6x
EV/FCF vs –
Growth-Adj
4.0xPEG
Expensive for growth
Quality-Adj
2.2P/E per %ROIC
ROIC: 22.7%
Shareholder Returns
Dividend
0.5%
Buyback
0.2%
Total Yield
0.7%
Market Cap$447.86B
EV$436.60B
Multi-angle valuation analysis with sector context
Business Quality & Moat
Overall Quality Score
94/100
Exceptional
Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)
Returns on Capital
Return on Equity (ROE)Top 25%
29.0%
8Q:–
Return on Invested Capital (ROIC)Top 25%
22.7%
8Q:–
-5.6%
vs Sector:0.1%
DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)
NOPAT Margin: 2.9%
Asset Turnover: 3.62x
Earnings Quality
Cash Conversion
1.70x
OCF / Net Income ✓
FCF Consistency
–
Positive quarters
Competitive Moat Indicators
Pricing Power
Gross Margin12.9%
Capital Efficiency
Invested Capital Turnover7.90x
Working Capital
Cash Conversion Cycle1 days
Growth Quality & Momentum
Moderate Growth
Growth Quality Score
67/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%
Growth Rates
Revenue Growth YoY
9.2%
OpInc Growth YoY
11.3%
EPS Growth YoY
12.8%
FCF 3Y CAGR
14.8%
Growth Quality Analysis
✓Efficient Growth: Free cash flow growing faster than revenue
Margin Quality & Sustainability
High Quality
Profitability Cascade
Gross
12.9%
Operating
3.8%
Below Avg in sector
Net
3.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
—
FCF vs Net Gap
-0.0 pts
FCF: 3.0% | Net: 3.0%
Quality = stability + cash conversion + low dilution
Balance Sheet & Solvency
Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $14.33B
Interest Coverage
–
+Net cash position: $14.33B
Leverage Metrics
Debt-to-Equity
0.17x
Balance sheet risk & solvency analysis