The document provided does not contain sufficient information to describe the company's business, segments, products, customers, or areas of operation.
| Income statement · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Total revenues | 275,235 | 254,453 | 242,290 | 7 |
| · Foodand sundries | 109,564 | 101,463 | 96,175 | |
| · Non foods | 71,190 | 63,973 | 60,865 | |
| · Other | 51,170 | 49,969 | 48,693 | |
| · Fresh food | 37,988 | 34,220 | 31,977 | |
| · Membership | 5,323 | 4,828 | 4,580 | |
| Cost of revenue | 239,886 | 222,358 | 212,586 | |
| Selling, general and administrative | 24,966 | 22,810 | 21,590 | |
| Depreciation, depletion and amortization | 2,426 | 2,237 | 2,077 | |
| Operating income | 10,383 | 9,285 | 8,114 | 3 |
| Interest expense | 154 | 169 | 160 | 1 |
| Income before income taxes | 10,818 | 9,740 | 8,487 | |
| Income tax provision | 2,719 | 2,373 | 2,195 | 1 |
| Net income incl. noncontrolling interests | 8,099 | 7,367 | 6,292 | |
| Less: noncontrolling interests | — | 0 | 0 | |
| Net income attributable to common | 8,099 | 7,367 | 6,292 | 2 |
| Diluted earnings per share | $18.21 | $16.56 | $14.16 | |
| Weighted-average diluted shares | 445 | 445 | 444 | 1 |
| Cash flow · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 8,099 | 7,367 | 6,292 | |
| Depreciation, depletion and amortization | 2,426 | 2,237 | 2,077 | |
| Share-based compensation | 860 | 818 | 774 | |
| Change in inventories | (559) | 2,068 | (1,228) | |
| Change in payables | 404 | 1,938 | (382) | |
| Net cash provided by operating activities | 13,335 | 11,339 | 11,068 | 3 |
| Capital expenditure | 5,498 | 4,710 | 4,323 | 1 |
| Net cash used in investing activities | (5,311) | (4,409) | (4,972) | |
| Dividends paid | 2,183 | 9,041 | 1,251 | 1 |
| Repurchases of common stock | 903 | 700 | 676 | 1 |
| Debt issued | 0 | 498 | 0 | |
| Debt repaid | 103 | 1,077 | 75 | |
| Net cash used in financing activities | (3,775) | (10,764) | (2,614) | |
| Cash and equivalents at end of period | 14,161 | 9,906 | 13,700 |
| Balance sheet · $ millions | 2025 | 2024 | |
|---|---|---|---|
| Cash and cash equivalents | 14,161 | 9,906 | |
| Short-term investments | 1,123 | 1,238 | |
| Receivables, net | 3,203 | 2,721 | 1 |
| Inventories | 18,116 | 18,647 | 1 |
| Total current assets | 38,380 | 34,246 | |
| Property, plant and equipment, net | 31,909 | 29,032 | |
| Goodwill | — | 994 | |
| Total assets | 77,099 | 69,831 | |
| Accounts payable | 19,783 | 19,421 | |
| Current debt | 75 | 103 | |
| Total current liabilities | 37,108 | 35,464 | |
| Long-term debt | 5,713 | 5,794 | |
| Total liabilities | 47,935 | 46,209 | |
| Stockholders' equity | 29,164 | 23,622 | |
| Total equity | 29,164 | 23,622 |
| Segments · as filed in the segment note · $ millions | United states | Other international | Canada | Consolidated |
|---|---|---|---|---|
| Net sales | 200,046 | 38,266 | 36,923 | 275,235 |
| Cost of sales | 174,021 | 33,661 | 32,204 | 239,886 |
| Selling, general & administrative | 19,147 | 2,949 | 2,870 | 24,966 |
| Operating income | 6,878 | 1,656 | 1,849 | 10,383 |
| · operating margin | 3.4% | 4.3% | 5.0% | 3.8% |
| Depreciation & amortization | 1,895 | 335 | 196 | 2,426 |
| Assets | 54,862 | 14,933 | 7,304 | 77,099 |
Rows render only when the filed members reconcile to the consolidated line; Corporate / unallocated is consolidated − Σ segments, arithmetic on filed lines. A concept whose members do not faithfully partition the total is omitted, never approximated.
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2025 | FY2024 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Total revenues · IS | 275,235 | 254,453 | +20,782 | +8.2% | — |
| Cost of revenue · IS | 239,886 | 222,358 | +17,528 | +7.9% | — |
| · Foodand sundries · IS | 109,564 | 101,463 | +8,101 | +8.0% | — |
| Total assets · BS | 77,099 | 69,831 | +7,268 | +10.4% | — |
| · Non foods · IS | 71,190 | 63,973 | +7,217 | +11.3% | — |
| Net cash used in financing activities · CF | (3,775) | (10,764) | +6,989 | +64.9% | — |
| Dividends paid · CF | 2,183 | 9,041 | −6,858 | -75.9% | — |
| Stockholders' equity · BS | 29,164 | 23,622 | +5,542 | +23.5% | — |
| Total equity · BS | 29,164 | 23,622 | +5,542 | +23.5% | — |
| Cash and equivalents at end of period · CF | 14,161 | 9,906 | +4,255 | +43.0% | — |
| Cash and cash equivalents · BS | 14,161 | 9,906 | +4,255 | +43.0% | — |
| Total current assets · BS | 38,380 | 34,246 | +4,134 | +12.1% | — |
| · Fresh food · IS | 37,988 | 34,220 | +3,768 | +11.0% | — |
| Property, plant and equipment, net · BS | 31,909 | 29,032 | +2,877 | +9.9% | — |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 30.7% sector median 17.7% | strong |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | +0.0% sector median +0.0% | flat |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.20 sector median 0.64 | low |
| FCF consistency, 5yr operating cash flow − capital expenditure, per year | positive 5 of 5 | consistent |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 3.9% sector median 8.4% | stable |
| Quarterly · as filed in 10-Q/10-K · $ millions | FEB 25 | MAY 25 | NOV 25 | FEB 26 | MAY 26 |
|---|---|---|---|---|---|
| Total revenues | 63,723 | 63,205 | 67,307 | 69,597 | 70,527 |
| Cost of revenue | 55,744 | 54,996 | 58,510 | 60,719 | 61,519 |
| Selling, general and administrative | 5,663 | 5,679 | 6,334 | 6,272 | 6,193 |
| Depreciation, depletion and amortization | 552 | 552 | 597 | 597 | 597 |
| Operating income | 2,316 | 2,530 | 2,463 | 2,606 | 2,815 |
| Interest expense | 36 | 35 | 35 | 33 | 32 |
| Income tax provision | 634 | 677 | 582 | 686 | 746 |
| Net income attributable to common | 1,788 | 1,903 | 2,001 | 2,035 | 2,192 |
| Diluted earnings per share | $4.02 | $4.28 | $4.50 | $4.58 | $4.93 |
| Weighted-average diluted shares | 445 | 445 | 445 | 444 | 444 |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Total revenues | 69,597 | 70,527 | +930 | +1.3% |
| Cost of revenue | 60,719 | 61,519 | +800 | +1.3% |
| Operating income | 2,606 | 2,815 | +209 | +8.0% |
| Net income attributable to common | 2,035 | 2,192 | +157 | +7.7% |
| Selling, general and administrative | 6,272 | 6,193 | −79 | -1.3% |
| Income tax provision | 686 | 746 | +60 | +8.7% |
| Interest expense | 33 | 32 | −1 | -3.0% |
| Depreciation, depletion and amortization | 597 | 597 | −0 | 0.0% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $475,200M | 10-K cover · as of 2025-02-16 |
| Insider Form 4s, 90d | 2 filings · 0 buys / 1 sells | net selling · −$847,345 |
| · Denman Kenneth D | SELL $847,345 | Form 4 filed 2026-06-25 · open market |
| Insider ownership % | — | needs the proxy statement — not read yet, never estimated |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from Costco's Form 10-K for FY2025 (accession 0000909832-25-000101), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. COST is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.