Price to Operating Profit (P/OP)
since 2005
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Costco Wholesale Corp. pages available for free this week:
- Income Statement
- Statement of Comprehensive Income
- Analysis of Profitability Ratios
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Operating Profit Margin since 2005
- Return on Equity (ROE) since 2005
- Current Ratio since 2005
- Price to Sales (P/S) since 2005
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Calculation
Costco Wholesale Corp., P/OP, long-term trends, calculation
| P/OP | = | Share price1, 2, 3 | ÷ | Operating profit per share1 | Operating profit per share1 | = | Operating income1 (in millions) |
÷ | No. shares of common stock outstanding2 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Oct 8, 2025 | = | ÷ | = | ÷ | |||||||
| Oct 9, 2024 | = | ÷ | = | ÷ | |||||||
| Oct 11, 2023 | = | ÷ | = | ÷ | |||||||
| Oct 5, 2022 | = | ÷ | = | ÷ | |||||||
| Oct 6, 2021 | = | ÷ | = | ÷ | |||||||
| Oct 7, 2020 | = | ÷ | = | ÷ | |||||||
| Oct 11, 2019 | = | ÷ | = | ÷ | |||||||
| Oct 26, 2018 | = | ÷ | = | ÷ | |||||||
| Oct 18, 2017 | = | ÷ | = | ÷ | |||||||
| Oct 12, 2016 | = | ÷ | = | ÷ | |||||||
| Oct 14, 2015 | = | ÷ | = | ÷ | |||||||
| Oct 15, 2014 | = | ÷ | = | ÷ | |||||||
| Oct 16, 2013 | = | ÷ | = | ÷ | |||||||
| Oct 19, 2012 | = | ÷ | = | ÷ | |||||||
| Oct 14, 2011 | = | ÷ | = | ÷ | |||||||
| Oct 18, 2010 | = | ÷ | = | ÷ | |||||||
| Oct 16, 2009 | = | ÷ | = | ÷ | |||||||
| Oct 16, 2008 | = | ÷ | = | ÷ | |||||||
| Oct 25, 2007 | = | ÷ | = | ÷ | |||||||
| Nov 17, 2006 | = | ÷ | = | ÷ | |||||||
| Nov 10, 2005 | = | ÷ | = | ÷ |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).
1 US$
2 Data adjusted for splits and stock dividends.
3 Closing price as at the filing date of Costco Wholesale Corp. Annual Report.
- Share Price Trend
- The share price exhibits a generally strong upward trajectory from 2005 through 2025. Starting at $50.06 in 2005, the price mostly increases year over year, with minor fluctuations such as a dip observed in 2008. Substantial growth is apparent particularly from 2017 onward, culminating with a price above $900 in 2024 and 2025. This reflects a significant appreciation in market value over the twenty-year period.
- Operating Profit Per Share (OPPS) Trend
- Operating profit per share follows a consistent upward trend over the same timeframe. It starts at $3.12 in 2005 and increases steadily every year, reaching $23.43 by 2025. This suggests improved operating efficiency or profitability on a per-share basis, indicating strong financial performance and increasing earnings capacity of the company.
- Price to Operating Profit Ratio (P/OP) Analysis
- The P/OP ratio shows more variability compared to the other two metrics. It starts at 16.03 in 2005, fluctuating between approximately 12.67 and 18.09 until around 2016. Post-2016, the ratio generally climbs higher, reaching a peak of 43.38 in 2024 before slightly declining to 39.05 in 2025. This rise in the P/OP ratio indicates that the share price growth has outpaced the increase in operating profit per share, reflecting higher market valuations relative to earnings from operations. The elevated ratio in recent years may imply amplified investor expectations or premium valuation levels.
- Overall Summary
- The company's market value and operating profitability have both demonstrated robust growth over the analyzed period, with operating profit per share showing steady improvements and share price experiencing significant appreciation especially in the latter years. However, the growing P/OP ratio suggests that market valuations are increasing at a faster rate than operating profits, which may indicate heightened investor optimism or expectations about future growth, necessitating attention to sustainability of profit growth versus valuation multiples.
Comparison to Competitors
Costco Wholesale Corp., P/OP, long-term trends, comparison to competitors
| Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|
| Oct 8, 2025 | |||
| Oct 9, 2024 | |||
| Oct 11, 2023 | |||
| Oct 5, 2022 | |||
| Oct 6, 2021 | |||
| Oct 7, 2020 | |||
| Oct 11, 2019 | |||
| Oct 26, 2018 | |||
| Oct 18, 2017 | |||
| Oct 12, 2016 | |||
| Oct 14, 2015 | |||
| Oct 15, 2014 | |||
| Oct 16, 2013 | |||
| Oct 19, 2012 | |||
| Oct 14, 2011 | |||
| Oct 18, 2010 | |||
| Oct 16, 2009 | |||
| Oct 16, 2008 | |||
| Oct 25, 2007 | |||
| Nov 17, 2006 | |||
| Nov 10, 2005 |
Based on: 10-K (reporting date: 2025-08-31), 10-K (reporting date: 2024-09-01), 10-K (reporting date: 2023-09-03), 10-K (reporting date: 2022-08-28), 10-K (reporting date: 2021-08-29), 10-K (reporting date: 2020-08-30), 10-K (reporting date: 2019-09-01), 10-K (reporting date: 2018-09-02), 10-K (reporting date: 2017-09-03), 10-K (reporting date: 2016-08-28), 10-K (reporting date: 2015-08-30), 10-K (reporting date: 2014-08-31), 10-K (reporting date: 2013-09-01), 10-K (reporting date: 2012-09-02), 10-K (reporting date: 2011-08-28), 10-K (reporting date: 2010-08-29), 10-K (reporting date: 2009-08-30), 10-K (reporting date: 2008-08-31), 10-K (reporting date: 2007-09-02), 10-K (reporting date: 2006-09-03), 10-K (reporting date: 2005-08-28).