What are Costco Wholesale's profit margins?

Costco Wholesale (COST) runs a 12.9% gross margin and a 3.8% operating margin, with a 3.0% net margin.

Where do Costco Wholesale's ratios come from?

Every ratio is computed from Costco Wholesale's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Costco Wholesale COST Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25
Profitability
Gross margin	51.5%+0.8pp	51.4%+1.0pp	51.2%+1.0pp	51%+1.1pp	50.7%+1.2pp
Operating margin	15.2%+0.5pp	15.1%+0.6pp	15%+0.7pp	14.9%+0.9pp	14.8%+1.0pp
Net margin	11.9%+0.3pp	11.8%+0.3pp	11.7%+0.3pp	11.7%+0.6pp	11.6%+0.8pp
Returns
Return on equity	119.8%-5.4pp	122.7%-2.0pp	126%+2.9pp	125.6%+5.1pp	125.2%+7.4pp
Return on assets	43.5%+0.7pp	43.5%+1.0pp	43.5%+1.7pp	43.2%+2.4pp	42.8%+3.1pp
Return on invested capital	191.2%+18.5pp	188.3%+30.1pp	184.8%+40.8pp	183.6%+54.6pp	172.7%+45.5pp
Efficiency
Asset turnover	14.6×-0.1×	14.7×0.0×	14.9×+0.2×	14.8×+0.1×	14.7×+0.1×
Inventory turnover	51.3×+1.2×	50.9×+0.6×	50.5×0.0×	50.5×-0.1×	50.1×-0.3×
Liquidity
Current ratio	4.2×+0.2×	4.1×+0.3×	4.1×+0.3×	4×+0.1×	4×-0.1×
Quick ratio	2.3×+0.4×	2.2×+0.4×	2.1×+0.3×	2×+0.1×	1.9×-0.2×
Cash ratio	1.6×+0.4×	1.6×+0.4×	1.5×+0.4×	1.4×+0.1×	1.3×-0.2×
Leverage
Debt-to-equity	1.1×-0.3×	1.2×-0.3×	1.2×-0.4×	1.3×-0.4×	1.4×-0.2×
Debt-to-assets	0.4×-0.1×	0.4×-0.1×	0.4×-0.1×	0.5×-0.1×	0.5×-0.1×
Interest coverage	287.8×+52.3×	275.1×+52.6×	261.5×+49.1×	248×+41.2×	235.5×+32.9×
Per Share
Book value per share	$281.33+24.2%	$266.92+24.4%	$252.22+23.8%	$239.00+15.1%	$226.55+7.5%
Valuation
Market capitalization	$1.7T-2.7%	$1.72T+4.4%	$1.74T+14.8%	$1.77T+31.1%	$1.74T+45.9%
Enterprise value	$1.66T-3.9%	$1.7T+3.3%	$1.72T+13.7%	$1.75T+30.7%	$1.73T+46.4%
Price / earnings	200.9×-28.3×	210.5×-11.2×	219.1×+9.9×	227.1×+34.5×	229.2×+51.6×
Price / sales	6×-0.7×	6.2×-0.2×	6.4×+0.4×	6.6×+1.3×	6.7×+1.8×
Price / book	54.3×-14.9×	58.3×-10.7×	62.6×-4.2×	66.8×+7.6×	69.2×+17.1×
EV / sales	5.9×-0.8×	6.1×-0.3×	6.3×+0.4×	6.6×+1.2×	6.6×+1.9×
Earnings yield	8%+1.0pp	7.6%+0.4pp	7.4%-0.3pp	7.1%-1.3pp	7%-2.1pp
Dividend yield	2.4%—	——	——	——	——
PEG ratio	18.4×+0.6×	20.8×+6.5×	21.5×+8.3×	19.9×+6.5×	17.8×+2.5×

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Questions, answered.

What are Costco Wholesale's profit margins?: Costco Wholesale (COST) runs a 12.9% gross margin and a 3.8% operating margin, with a 3.0% net margin.
Where do Costco Wholesale's ratios come from?: Every ratio is computed from Costco Wholesale's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.