Dashboard|COST – Overview

COST

COSTCO WHOLESALE CORP /NEW

Consumer Discretionary • CIK: 0000909832

Market Cap

$399.14B

P/E (TTM)

48.0x

Rev Growth (TTM)

+8.3%

Net Margin (TTM)

3.0%

FCF Yield (TTM)

2.3%

FCF Margin (TTM)

3.2%

LATEST EARNINGS

•

Q1 FY2026

•

2 months ago

•View source

Revenue

—

Net Income

—

EPS

—

•Net sales increased 8.2% to $65.98 billion, up from $60.99 billion last year.
•Net income grew to $2,001 million, or $4.50 per diluted share, compared to $1,798 million, or $4.04 per diluted share, in the prior year.
•Membership fees increased to $1,329 million from $1,166 million in the prior year.
•Digitally-enabled comparable sales grew 20.5%.

View Full Earnings →

Cash Flow Health

Free Cash Flow7/8 positive

TTM$9.0B

Q1 '26

$3.2B+66%

Q4 '26

$1.9B-18%

FCF Margin

TTM3.2%

Q1 '264.7%+113%

Sector: 4.9%Below Avg

OCF Margin5.3%

OCF/NI1.78x

CapEx Coverage2.6x

FCF Yield2.3%

FCF Growth (2Y)+47%

Cash Conversion Cycle

2 days

DSO: 4+DIO: 29−DPO: 30

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Growth Focused

Total Shareholder YieldTTM

TTM0.8%

Div Yield0.6%

Buyback (TTM)0.2%

Prioritizing reinvestment over distributions

Dividend & Payout Metrics

Dividend Yield (TTM)0.6%

FCF Payout Ratio25.0%

Free Cash Flow (TTM)$9.0B

Stock Repurchases (TTM)$906.0M

Capital Return / FCF10.1%

Est. Dividends Paid (TTM)$2.2B

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

23.4%

Stable

-0.0% YoY+0.2%

P25MedianP75

75th pctl (med: 0.2%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

2.8%

8Q: 2.8%

Asset Turnover

3.69x

8Q: 3.47x

Leverage (1+D/E)

1.19x

D/E: 0.19x

DuPont: 12.5% ≈ 23.4% ROIC

Asset & CapEx Efficiency

Fixed Asset Turn

9.10x

8Q:8.53x

+29.0%

Invested Cap Turn

8.24x

8Q:8.00x

-23.8%

CapEx Intensity

16.9%

8Q:15.6%

CapEx/Depreciation

2.33x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q1 2026	Q4 2026	Q3 2025	Q2 2025	Q1 2025	Q4 2025	Q3 2024	Q2 2024
Revenue	$280.4B	$67.3B↓21.9%	$86.2B↑36.3%	$63.2B↓0.8%	$63.7B↑2.5%	$62.2B↓22.0%	$79.7B↑36.2%	$58.5B↑0.1%	$58.4B
Operating Income	$10.7B	$2.5B↓26.3%	$3.3B↑32.1%	$2.5B↑9.2%	$2.3B↑5.5%	$2.2B↓27.8%	$3.0B↑38.5%	$2.2B↑6.5%	$2.1B
Net Income	$8.3B	$2.0B↓23.3%	$2.6B↑37.2%	$1.9B↑6.4%	$1.8B↓0.6%	$1.8B↓23.6%	$2.4B↑40.0%	$1.7B↓3.6%	$1.7B
Operating Cash Flow	$14.8B	$4.7B↑21.2%	$3.9B↑11.8%	$3.5B↑25.9%	$2.7B↓15.7%	$3.3B↑10.2%	$3.0B↓1.4%	$3.0B↑310.3%	$731.0M
Free Cash Flow	$9.0B	$3.2B↑66.3%	$1.9B↓18.4%	$2.3B↑44.6%	$1.6B↓19.3%	$2.0B↑44.5%	$1.4B↓28.7%	$1.9B↑745.7%	$-300.0M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

48.0x

Volatile

8Q: 203.5x+810%

Multiple expansion without fundamental improvement

High PEG ratio (5.0x) suggests expensive for growth

Valuation Lenses

Earnings

48.0x

vs – sector

Cash Flow

47.8x

EV/FCF vs –

Growth-Adj

5.0xPEG

Expensive for growth

Quality-Adj

2.1P/E per %ROIC

ROIC: 23.4%

Shareholder Returns

Dividend

0.6%

Buyback

0.2%

Total Yield

0.8%

Market Cap$399.14B

EV–

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)Above Avg

30.4%

8Q:–

Return on Invested Capital (ROIC)Top 25%

23.4%

8Q:–

Flat

vs Sector:0.2%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 2.8%

Asset Turnover: 3.69x

Earnings Quality

Cash Conversion

1.78x

OCF / Net Income ✓

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin12.9%

Capital Efficiency

Invested Capital Turnover8.24x

Working Capital

Cash Conversion Cycle2 days

Growth Quality & Momentum

Moderate Growth

Growth Quality Score

68/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

8.3%

OpInc Growth YoY

12.2%

EPS Growth YoY

9.6%

FCF 3Y CAGR

46.7%

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

+0.3 pts

FCF: 3.2% | Net: 3.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $11.45B

Interest Coverage

–

+Net cash position: $11.45B

Leverage Metrics

Debt-to-Equity

0.19x

Balance sheet risk & solvency analysis