Costco Wholesale Corporation
COSTNASDAQ
$1,020.10
Last price · USD
- Market cap
- $453.4B
- P/E
- 49.1x
- EV / EBITDA
- 30.8x
- P/S
- 1.5x
- FCF yield
- 2.1%
- Div. yield
- 0.54%
Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.
Costco Wholesale Corporation cash flow statement
Annual · USD millions except per-share data · 35 lines
| Fiscal year | 2026 | 2025 | 2024 | 2023 | 2022 | CAGR | |
|---|---|---|---|---|---|---|---|
| Operating activities | |||||||
| Net income | 9,226 | 8,099 | 7,367 | 6,292 | 5,915 | +11.8% | |
| Depreciation & amortization | 2,674 | 2,426 | 2,237 | 2,077 | 1,900 | +8.9% | |
| Deferred income tax | 0 | 0 | 0 | 0 | (37) | — | |
| Stock-based compensation | 924 | 860 | 818 | 774 | 724 | +6.3% | |
| Change in working capital | 2,328 | 1,764 | 611 | 1,018 | (1,563) | — | |
| Inventory | (1,153) | 559 | (2,068) | 1,228 | (4,003) | — | |
| Accounts payables | 2,755 | 404 | 1,938 | (382) | 1,891 | +9.9% | |
| Other working capital | 718 | 801 | 741 | 172 | 549 | +6.9% | |
| Other non-cash items | 673 | 186 | 306 | 907 | 453 | +10.4% | |
| Net cash from operating activities | 15,825 | 13,335 | 11,339 | 11,068 | 7,392 | +21.0% | |
| Operating cash flow | 15,825 | 13,335 | 11,339 | 11,068 | 7,392 | +21.0% | |
| Investing activities | |||||||
| Investments in PP&E | (6,435) | (5,498) | (4,710) | (4,323) | (3,891) | — | |
| Capital expenditure | (6,435) | (5,498) | (4,710) | (4,323) | (3,891) | — | |
| Acquisitions, net | 0 | 0 | 0 | 0 | (842) | — | |
| Purchases of investments | (788) | (1,028) | (1,470) | (1,622) | (1,121) | — | |
| Sales / maturities of investments | 811 | 1,141 | 1,790 | 937 | 1,145 | -8.3% | |
| Other investing activities | 26 | 74 | (19) | 36 | (48) | — | |
| Net cash from investing activities | (6,386) | (5,311) | (4,409) | (4,972) | (4,757) | — | |
| Financing activities | |||||||
| Net debt issuance | 312 | (296) | (708) | (384) | (800) | — | |
| Short-term net debt issuance | (24) | (46) | 8 | (18) | 0 | — | |
| Long-term net debt issuance | 336 | (250) | (716) | (366) | (800) | — | |
| Net stock issuance | (848) | (903) | (700) | (676) | (439) | — | |
| Common stock repurchased | (848) | (903) | (700) | (676) | (439) | — | |
| Net common stock issuance | (848) | (903) | (700) | (676) | (439) | — | |
| Common dividends paid | (2,458) | (2,183) | (9,041) | (1,251) | (1,498) | — | |
| Net dividends paid | (2,458) | (2,183) | (9,041) | (1,251) | (1,498) | — | |
| Other financing activities | (361) | (393) | (315) | (303) | (704) | — | |
| Net cash from financing activities | (3,355) | (3,775) | (10,764) | (2,614) | (3,441) | — | |
| Cash summary | |||||||
| Effect of forex changes on cash | (38) | 6 | 40 | 15 | (249) | — | |
| Net change in cash | 6,046 | 4,255 | (3,794) | 3,497 | (1,055) | — | |
| Cash at beginning of period | 14,161 | 9,906 | 13,700 | 10,203 | 11,258 | +5.9% | |
| Cash at end of period | 20,207 | 14,161 | 9,906 | 13,700 | 10,203 | +18.6% | |
| Free cash flow | 9,390 | 7,837 | 6,629 | 6,745 | 3,501 | +28.0% | |
| Income taxes paid | 0 | 2,917 | 2,319 | 2,234 | 1,940 | — | |
| Interest paid | 0 | 106 | 129 | 125 | 145 | — | |