Stock Analysis on Net
Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Analysis of Profitability Ratios
Quarterly Data

Beginner level


Profitability Ratios (Summary)

Costco Wholesale Corp., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Return on Sales
Gross profit margin 11.15% 11.02% 11.09% 11.02% 10.98% 11.00% 10.92% 11.04% 11.14% 11.24% 11.25% 11.33% 11.37% 11.35% 11.42% 11.35% 11.26% 11.19% 11.15% 11.09% 10.95% 10.85% 10.72% 10.66%
Operating profit margin 3.16% 3.17% 3.21% 3.17% 3.23% 3.24% 3.16% 3.24% 3.29% 3.30% 3.25% 3.26% 3.20% 3.16% 3.21% 3.16% 3.15% 3.14% 3.18% 3.19% 3.14% 3.07% 2.97% 2.92%
Net profit margin 2.36% 2.44% 2.47% 2.45% 2.46% 2.40% 2.30% 2.26% 2.21% 2.23% 2.14% 2.12% 2.11% 2.01% 2.07% 2.02% 2.03% 2.01% 2.07% 2.09% 2.03% 2.00% 1.90% 1.87%
Return on Investment
Return on equity (ROE) 22.08% 22.74% 23.55% 24.00% 24.89% 24.89% 24.77% 24.49% 24.79% 25.18% 25.04% 24.86% 25.65% 19.16% 20.17% 19.46% 20.32% 20.99% 21.76% 22.39% 21.79% 22.18% 17.23% 16.73%
Return on assets (ROA) 7.17% 7.74% 7.26% 8.06% 8.24% 8.06% 7.44% 7.68% 7.60% 7.65% 7.04% 7.37% 7.13% 6.69% 6.61% 7.09% 6.90% 7.13% 6.66% 7.11% 6.89% 6.74% 6.15% 6.23%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Costco Wholesale Corp.’s gross profit margin ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Costco Wholesale Corp.’s operating profit margin ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Costco Wholesale Corp.’s net profit margin ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Costco Wholesale Corp.’s ROE deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.
ROA A profitability ratio calculated as net income divided by total assets. Costco Wholesale Corp.’s ROA improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.

Gross Profit Margin

Costco Wholesale Corp., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Selected Financial Data (US$ in millions)
Gross margin 4,202  4,200  4,003  5,138  3,731  3,908  3,688  4,743  3,493  3,546  3,500  4,660  3,246  3,203  3,181  4,079  2,989  3,098  3,006  3,897  2,830  2,975  2,899  3,718  2,679  2,713  2,644 
Net sales 36,451  38,256  36,236  46,448  33,964  34,628  34,311  43,414  31,624  32,279  31,117  41,357  28,216  29,130  27,469  35,728  26,151  27,567  26,627  34,993  25,517  26,872  26,284  34,755  25,233  25,756  24,468 
Profitability Ratio
Gross profit margin1 11.15% 11.02% 11.09% 11.02% 10.98% 11.00% 10.92% 11.04% 11.14% 11.24% 11.25% 11.33% 11.37% 11.35% 11.42% 11.35% 11.26% 11.19% 11.15% 11.09% 10.95% 10.85% 10.72% 10.66%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 40.27% 40.64% 40.99% 41.11% 41.27% 41.07% 40.25% 39.87% 38.78% 37.77% 37.07% 36.46% 35.98% 35.58% 35.09% 34.65% 34.40% 33.76% 33.04%
Dollar General Corp. 30.42% 30.44% 30.40% 30.45% 30.66% 30.78% 30.80% 30.77% 30.65% 30.65% 30.76% 30.85% 30.87% 31.00% 30.99% 30.96% 30.91% 30.88% 30.79% 30.69%
Home Depot Inc. 34.13% 34.20% 34.26% 34.34% 34.31% 34.24% 34.15% 34.05% 34.08% 34.11% 34.14% 34.16% 34.18% 34.16% 34.16% 34.19% 34.41% 34.49% 34.66% 34.81%
Lowe’s Cos. Inc. 31.85% 31.47% 31.72% 32.12% 32.65% 33.43% 33.79% 34.11% 34.27% 34.34% 34.40% 34.55% 34.61% 34.71% 34.72% 34.82% 34.83% 34.76% 34.79% 34.79%
Target Corp. 28.70% 28.46% 28.37% 28.39% 28.48% 28.70% 28.72% 28.87% 29.26% 29.38% 29.57% 29.68% 29.93% 29.72% 29.63% 29.53% 29.69% 29.72% 29.61% 29.39%
TJX Cos. Inc. 28.30% 28.32% 28.49% 28.59% 28.76% 28.96% 28.88% 28.89% 28.90% 28.81% 29.03% 28.98% 29.11% 28.97% 28.89% 28.79% 28.66% 28.75% 28.64% 28.55%
Walmart Inc. 24.23% 24.32% 24.43% 24.50% 24.56% 24.61% 24.65% 24.68% 24.85% 24.92% 24.95% 24.94% 24.93% 24.85% 24.72% 24.58% 24.45% 24.30% 24.31% 24.29%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

1 Q3 2020 Calculation
Gross profit margin = 100 × (Gross marginQ3 2020 + Gross marginQ2 2020 + Gross marginQ1 2020 + Gross marginQ4 2019) ÷ (Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019)
= 100 × (4,202 + 4,200 + 4,003 + 5,138) ÷ (36,451 + 38,256 + 36,236 + 46,448) = 11.15%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Costco Wholesale Corp.’s gross profit margin ratio deteriorated from Q1 2020 to Q2 2020 but then improved from Q2 2020 to Q3 2020 exceeding Q1 2020 level.

Operating Profit Margin

Costco Wholesale Corp., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Selected Financial Data (US$ in millions)
Operating income 1,179  1,266  1,061  1,463  1,122  1,203  949  1,446  1,067  1,016  951  1,450  968  844  849  1,191  858  856  767  1,156  821  877  770  1,091  737  724  668 
Net sales 36,451  38,256  36,236  46,448  33,964  34,628  34,311  43,414  31,624  32,279  31,117  41,357  28,216  29,130  27,469  35,728  26,151  27,567  26,627  34,993  25,517  26,872  26,284  34,755  25,233  25,756  24,468 
Profitability Ratio
Operating profit margin1 3.16% 3.17% 3.21% 3.17% 3.23% 3.24% 3.16% 3.24% 3.29% 3.30% 3.25% 3.26% 3.20% 3.16% 3.21% 3.16% 3.15% 3.14% 3.18% 3.19% 3.14% 3.07% 2.97% 2.92%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 5.24% 4.76% 5.18% 5.44% 5.96% 6.17% 5.33% 4.87% 3.55% 2.60% 2.31% 2.01% 2.31% 2.89% 3.08% 3.16% 3.21% 2.69% 2.09%
Dollar General Corp. 8.15% 8.14% 8.18% 8.26% 8.37% 8.44% 8.44% 8.55% 8.84% 8.96% 9.21% 9.39% 9.38% 9.64% 9.62% 9.53% 9.46% 9.48% 9.41% 9.36%
Home Depot Inc. 14.26% 14.31% 14.36% 14.35% 14.53% 14.52% 14.43% 14.55% 14.53% 14.44% 14.31% 14.19% 13.98% 13.81% 13.56% 13.30% 13.17% 12.87% 12.79% 12.59%
Lowe’s Cos. Inc. 6.67% 5.83% 5.54% 5.63% 7.99% 8.90% 9.39% 9.60% 9.81% 9.06% 8.73% 8.99% 8.03% 8.85% 8.85% 8.41% 9.17% 8.86% 8.71% 8.52%
Target Corp. 5.97% 5.79% 5.58% 5.52% 5.57% 5.70% 5.77% 6.00% 6.46% 6.76% 6.98% 7.15% 8.22% 7.83% 7.81% 7.49% 6.69% 6.76% 6.39% 6.25%
TJX Cos. Inc. 10.49% 10.56% 10.61% 10.82% 10.71% 10.86% 10.89% 10.84% 11.27% 11.30% 11.54% 11.60% 11.70% 11.80% 11.90% 11.97% 12.11% 12.31% 12.37% 12.40%
Walmart Inc. 4.12% 4.20% 4.25% 4.30% 4.01% 3.98% 4.06% 4.12% 4.52% 4.64% 4.71% 4.73% 4.83% 4.96% 4.94% 5.04% 5.29% 5.39% 5.52% 5.63%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

1 Q3 2020 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2020 + Operating incomeQ2 2020 + Operating incomeQ1 2020 + Operating incomeQ4 2019) ÷ (Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019)
= 100 × (1,179 + 1,266 + 1,061 + 1,463) ÷ (36,451 + 38,256 + 36,236 + 46,448) = 3.16%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Costco Wholesale Corp.’s operating profit margin ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Net Profit Margin

Costco Wholesale Corp., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Selected Financial Data (US$ in millions)
Net income attributable to Costco 838  931  844  1,097  906  889  767  1,043  750  701  640  919  700  515  545  779  545  546  480  767  516  598  496  697  473  463  425 
Net sales 36,451  38,256  36,236  46,448  33,964  34,628  34,311  43,414  31,624  32,279  31,117  41,357  28,216  29,130  27,469  35,728  26,151  27,567  26,627  34,993  25,517  26,872  26,284  34,755  25,233  25,756  24,468 
Profitability Ratio
Net profit margin1 2.36% 2.44% 2.47% 2.45% 2.46% 2.40% 2.30% 2.26% 2.21% 2.23% 2.14% 2.12% 2.11% 2.01% 2.07% 2.02% 2.03% 2.01% 2.07% 2.09% 2.03% 2.00% 1.90% 1.87%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 4.10% 3.56% 4.13% 4.27% 4.80% 4.97% 4.33% 4.03% 3.02% 2.04% 1.71% 1.20% 1.28% 1.81% 1.74% 1.64% 1.60% 1.03% 0.56%
Dollar General Corp. 6.09% 6.11% 6.16% 6.20% 7.24% 7.06% 6.77% 6.56% 5.31% 5.38% 5.53% 5.69% 5.71% 5.86% 5.83% 5.72% 5.72% 5.73% 5.68% 5.63%
Home Depot Inc. 10.01% 10.18% 10.24% 10.28% 10.00% 9.45% 8.85% 8.55% 8.66% 8.63% 8.53% 8.41% 8.23% 8.08% 8.00% 7.92% 7.98% 7.88% 7.76% 7.63%
Lowe’s Cos. Inc. 4.11% 3.52% 3.31% 3.25% 5.19% 5.58% 5.55% 5.02% 5.16% 4.51% 4.22% 4.76% 3.91% 4.58% 4.58% 4.31% 5.11% 4.91% 4.82% 4.80%
Target Corp. 4.23% 4.15% 4.00% 3.95% 4.35% 4.21% 4.10% 4.08% 3.80% 3.99% 4.02% 3.94% 4.75% 4.59% 4.61% 4.56% -0.95% -1.22% -1.94% -2.25%
TJX Cos. Inc. 7.70% 7.65% 7.69% 7.85% 7.98% 7.88% 7.58% 7.27% 7.01% 6.83% 6.96% 6.93% 7.00% 7.23% 7.31% 7.36% 7.46% 7.58% 7.59% 7.62%
Walmart Inc. 2.79% 2.50% 1.64% 1.31% 1.02% 1.03% 1.79% 1.99% 2.33% 2.62% 2.82% 2.83% 3.01% 3.07% 3.01% 3.07% 3.14% 3.21% 3.34% 3.39%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

1 Q3 2020 Calculation
Net profit margin = 100 × (Net income attributable to CostcoQ3 2020 + Net income attributable to CostcoQ2 2020 + Net income attributable to CostcoQ1 2020 + Net income attributable to CostcoQ4 2019) ÷ (Net salesQ3 2020 + Net salesQ2 2020 + Net salesQ1 2020 + Net salesQ4 2019)
= 100 × (838 + 931 + 844 + 1,097) ÷ (36,451 + 38,256 + 36,236 + 46,448) = 2.36%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Costco Wholesale Corp.’s net profit margin ratio deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Return on Equity (ROE)

Costco Wholesale Corp., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Selected Financial Data (US$ in millions)
Net income attributable to Costco 838  931  844  1,097  906  889  767  1,043  750  701  640  919  700  515  545  779  545  546  480  767  516  598  496  697  473  463  425 
Total Costco stockholders’ equity 16,802  16,614  15,861  15,243  14,486  13,858  13,167  12,799  12,143  11,754  11,078  10,778  9,898  12,440  11,973  12,079  11,505  11,000  10,848  10,617  10,587  10,206  12,359  12,303  11,819  11,515  11,221 
Profitability Ratio
ROE1 22.08% 22.74% 23.55% 24.00% 24.89% 24.89% 24.77% 24.49% 24.79% 25.18% 25.04% 24.86% 25.65% 19.16% 20.17% 19.46% 20.32% 20.99% 21.76% 22.39% 21.79% 22.18% 17.23% 16.73%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 17.88% 16.18% 18.67% 20.08% 22.80% 24.80% 23.13% 22.75% 17.93% 12.52% 10.95% 7.81% 8.28% 11.91% 12.29% 11.83% 11.68% 7.90% 4.45%
Dollar General Corp. 24.97% 24.14% 24.49% 24.77% 28.61% 27.23% 26.05% 25.12% 21.60% 21.52% 22.35% 23.14% 22.63% 22.74% 22.40% 21.66% 21.41% 20.80% 20.35% 18.66%
Home Depot Inc. 799.70% 490.49% 534.68% 593.54% 337.99% 236.33% 206.16% 183.64% 136.68% 111.76% 114.18% 110.97% 90.79% 77.91% 71.11% 68.06%
Lowe’s Cos. Inc. 119.93% 95.76% 73.30% 63.50% 68.43% 68.05% 66.72% 58.69% 61.93% 55.33% 50.82% 48.07% 36.99% 40.47% 38.23% 33.26% 35.63% 32.62% 28.99% 27.07%
Target Corp. 28.11% 26.64% 27.11% 26.00% 29.24% 27.74% 26.63% 25.06% 23.79% 25.03% 25.28% 24.99% 30.23% 28.39% 26.78% 25.96% -5.30% -6.46% -10.01% -11.69%
TJX Cos. Inc. 56.45% 57.76% 59.31% 60.61% 58.89% 56.91% 52.98% 50.66% 51.85% 51.03% 51.08% 50.95% 52.81% 52.21% 50.97% 52.88% 51.94% 53.02% 52.10% 51.95%
Walmart Inc. 20.14% 18.27% 12.28% 9.20% 7.16% 7.30% 11.86% 12.66% 15.03% 16.66% 18.46% 17.54% 18.61% 19.25% 19.20% 18.24% 18.96% 19.64% 21.04% 20.10%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

1 Q3 2020 Calculation
ROE = 100 × (Net income attributable to CostcoQ3 2020 + Net income attributable to CostcoQ2 2020 + Net income attributable to CostcoQ1 2020 + Net income attributable to CostcoQ4 2019) ÷ Total Costco stockholders’ equity
= 100 × (838 + 931 + 844 + 1,097) ÷ 16,802 = 22.08%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Costco Wholesale Corp.’s ROE deteriorated from Q1 2020 to Q2 2020 and from Q2 2020 to Q3 2020.

Return on Assets (ROA)

Costco Wholesale Corp., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018 Sep 2, 2018 May 13, 2018 Feb 18, 2018 Nov 26, 2017 Sep 3, 2017 May 7, 2017 Feb 12, 2017 Nov 20, 2016 Aug 28, 2016 May 8, 2016 Feb 14, 2016 Nov 22, 2015 Aug 30, 2015 May 10, 2015 Feb 15, 2015 Nov 23, 2014 Aug 31, 2014 May 11, 2014 Feb 16, 2014 Nov 24, 2013
Selected Financial Data (US$ in millions)
Net income attributable to Costco 838  931  844  1,097  906  889  767  1,043  750  701  640  919  700  515  545  779  545  546  480  767  516  598  496  697  473  463  425 
Total assets 51,732  48,782  51,431  45,400  43,752  42,799  43,814  40,830  39,605  38,703  39,378  36,347  35,631  35,630  36,532  33,163  33,873  32,388  35,451  33,440  33,491  33,600  34,613  33,024  32,701  31,566  32,319 
Profitability Ratio
ROA1 7.17% 7.74% 7.26% 8.06% 8.24% 8.06% 7.44% 7.68% 7.60% 7.65% 7.04% 7.37% 7.13% 6.69% 6.61% 7.09% 6.90% 7.13% 6.66% 7.11% 6.89% 6.74% 6.15% 6.23%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 5.10% 4.77% 5.14% 5.70% 6.32% 6.74% 6.19% 6.20% 4.68% 3.12% 2.31% 1.67% 2.19% 3.19% 2.84% 2.97% 2.97% 1.91% 0.91%
Dollar General Corp. 7.41% 7.43% 7.56% 12.04% 13.86% 13.42% 13.00% 12.30% 10.03% 10.10% 10.47% 10.72% 10.18% 10.60% 10.67% 10.35% 10.14% 10.07% 10.00% 9.49%
Home Depot Inc. 21.23% 21.54% 21.80% 25.27% 23.35% 21.31% 19.34% 19.38% 19.09% 18.27% 18.17% 18.52% 17.27% 16.81% 16.23% 16.47% 15.67% 15.36% 15.40% 15.88%
Lowe’s Cos. Inc. 7.41% 6.21% 5.49% 6.71% 10.05% 10.60% 10.02% 9.77% 9.67% 8.35% 7.47% 8.99% 6.90% 7.67% 7.42% 8.14% 8.87% 8.65% 7.98% 8.48%
Target Corp. 7.42% 7.59% 7.42% 7.11% 7.44% 7.75% 7.63% 7.52% 6.51% 7.43% 7.49% 7.31% 8.67% 8.82% 8.42% 8.35% -1.69% -2.23% -3.51% -3.95%
TJX Cos. Inc. 12.88% 13.40% 13.53% 21.36% 20.60% 21.08% 19.90% 18.55% 17.36% 17.91% 18.23% 17.84% 17.77% 19.92% 19.75% 19.81% 18.84% 19.99% 19.67% 19.91%
Walmart Inc. 6.02% 5.47% 3.57% 3.04% 2.28% 2.52% 4.37% 4.82% 5.46% 6.32% 6.81% 6.86% 6.99% 7.44% 7.26% 7.36% 7.35% 7.80% 8.03% 8.03%

Based on: 10-Q (filing date: 2020-06-04), 10-Q (filing date: 2020-03-12), 10-Q (filing date: 2019-12-23), 10-K (filing date: 2019-10-11), 10-Q (filing date: 2019-06-06), 10-Q (filing date: 2019-03-13), 10-Q (filing date: 2018-12-20), 10-K (filing date: 2018-10-26), 10-Q (filing date: 2018-06-07), 10-Q (filing date: 2018-03-15), 10-Q (filing date: 2017-12-21), 10-K (filing date: 2017-10-18), 10-Q (filing date: 2017-06-01), 10-Q (filing date: 2017-03-09), 10-Q (filing date: 2016-12-16), 10-K (filing date: 2016-10-12), 10-Q (filing date: 2016-06-01), 10-Q (filing date: 2016-03-09), 10-Q (filing date: 2015-12-18), 10-K (filing date: 2015-10-14), 10-Q (filing date: 2015-06-04), 10-Q (filing date: 2015-03-11), 10-Q (filing date: 2014-12-18), 10-K (filing date: 2014-10-15), 10-Q (filing date: 2014-06-05), 10-Q (filing date: 2014-03-14), 10-Q (filing date: 2013-12-20).

1 Q3 2020 Calculation
ROA = 100 × (Net income attributable to CostcoQ3 2020 + Net income attributable to CostcoQ2 2020 + Net income attributable to CostcoQ1 2020 + Net income attributable to CostcoQ4 2019) ÷ Total assets
= 100 × (838 + 931 + 844 + 1,097) ÷ 51,732 = 7.17%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Costco Wholesale Corp.’s ROA improved from Q1 2020 to Q2 2020 but then deteriorated significantly from Q2 2020 to Q3 2020.