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Costco Wholesale COST Return on invested capital

Return on invested capital at other companies

Target logo
TargetTGT
11.9%-6.4pp
Kroger logo
KrogerKR
12.2%-6.8pp
Sysco logo
SyscoSYY
14.9%-1.5pp
Walmart
 logo
Walmart WMT
15.3%-1.2pp
Best Buy logo
Best BuyBBY
21.2%+5.4pp
Dollar Tree logo
Dollar TreeDLTR
13.4%+4.1pp

Other financials

Income statement

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Revenue$70.5B+11.6%
Gross profit$9.0B+9.7%
Operating income$2.8B+11.3%
Net income$2.2B+15.2%
EPS (diluted)$4.93+15.2%

Balance sheet

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Cash & equivalents$18.9B+36.9%
Total debt$8.1B-2.7%
Total equity$33.5B+23.5%
Total assets$86.4B+14.5%

Cash flow

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Operating cash flow$11.1B+17.6%
CapEx$4.2B+19.7%
Free cash flow$6.9B+16.3%

Valuation

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Market cap$428.22B-6.1%
Enterprise value$417.41B-7.3%
P/E48.5×-9.7×
P/S1.5×-0.2×

Profitability

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Gross margin12.9%+0.1pp
Operating margin3.8%+0.1pp
Net margin3%+0.1pp

Returns & leverage

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Return on equity29.2%-2.9pp
Debt / equity0.2×-0.1×
Current ratio1.1×+0.1×

Where this comes from

Calculated from Costco Wholesale’s reported figures.

Based on trailing twelve months.

The official record: Costco Wholesale’s 10-Q, filed June 3, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Costco Wholesale's return on invested capital?
Costco Wholesale (COST) reported return on invested capital of 50.6% in Q1 2026.
How has Costco Wholesale's return on invested capital changed year-over-year?
Costco Wholesale's return on invested capital increased by 6.2% year-over-year, from 47.7% to 50.6%.
What is the long-term trend for Costco Wholesale's return on invested capital?
Over 4 years (2021 to 2025), Costco Wholesale's return on invested capital has grown at a 12.5% compound annual growth rate (CAGR), from 114.5% to 183.6%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.