Stock Analysis on Net

Costco Wholesale Corp. (NASDAQ:COST)

Analysis of Profitability Ratios 
Quarterly Data

Microsoft Excel

Profitability Ratios (Summary)

Costco Wholesale Corp., profitability ratios (quarterly data)

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Return on Sales
Gross profit margin 10.92% 10.80% 10.69% 10.67% 10.57% 10.44% 10.41% 10.39% 10.48% 10.71% 10.94% 11.02% 11.13% 11.23% 11.30% 11.32% 11.20% 11.15% 11.02% 11.09% 11.02%
Operating profit margin 3.72% 3.63% 3.48% 3.46% 3.41% 3.39% 3.45% 3.46% 3.50% 3.55% 3.61% 3.50% 3.49% 3.48% 3.36% 3.43% 3.33% 3.16% 3.17% 3.21% 3.17%
Net profit margin 2.95% 2.88% 2.78% 2.70% 2.65% 2.60% 2.63% 2.59% 2.62% 2.65% 2.67% 2.59% 2.61% 2.58% 2.48% 2.55% 2.45% 2.36% 2.44% 2.47% 2.45%
Return on Investment
Return on equity (ROE) 31.19% 32.95% 32.73% 24.92% 25.11% 25.46% 26.55% 27.40% 28.31% 28.28% 28.39% 27.97% 28.51% 28.67% 27.75% 29.10% 21.89% 22.08% 22.74% 23.55% 24.00%
Return on assets (ROA) 10.55% 10.56% 10.24% 8.84% 9.12% 8.99% 9.05% 8.91% 9.11% 8.84% 8.74% 8.05% 8.45% 8.25% 7.91% 7.18% 7.20% 7.17% 7.74% 7.26% 8.06%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

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. gross profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Costco Wholesale Corp. operating profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Costco Wholesale Corp. net profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Costco Wholesale Corp. ROE improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.
ROA A profitability ratio calculated as net income divided by total assets. Costco Wholesale Corp. ROA improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.

Gross Profit Margin

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

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Selected Financial Data (US$ in millions)
Gross margin 8,597 6,219 6,191 6,260 8,211 5,429 5,816 5,668 7,206 5,257 5,420 5,465 6,708 4,961 4,810 4,889 5,876 4,202 4,200 4,003 5,138 3,731 3,908 3,688
Net sales 78,185 57,392 57,331 56,717 77,430 52,604 54,239 53,437 70,764 51,612 50,937 49,417 61,441 44,376 43,888 42,347 52,277 36,451 38,256 36,236 46,448 33,964 34,628 34,311
Profitability Ratio
Gross profit margin1 10.92% 10.80% 10.69% 10.67% 10.57% 10.44% 10.41% 10.39% 10.48% 10.71% 10.94% 11.02% 11.13% 11.23% 11.30% 11.32% 11.20% 11.15% 11.02% 11.09% 11.02%
Benchmarks
Gross Profit Margin, Competitors2
Dollar General Corp. 30.29% 30.64% 31.01% 31.32% 31.23% 31.33% 31.42% 31.23% 31.60% 31.93% 32.08% 32.28% 31.76% 31.56% 31.17% 30.71% 30.59% 30.42% 30.44% 30.40% 30.45%
Target Corp. 26.53% 25.67% 25.02% 23.72% 23.57% 24.41% 25.21% 27.33% 28.34% 28.73% 29.33% 29.44% 28.38% 28.32% 28.03% 27.78% 28.87% 28.70% 28.46% 28.37% 28.39%
Walmart Inc. 23.73% 23.64% 23.55% 23.43% 23.46% 23.68% 23.90% 24.23% 24.44% 24.41% 24.51% 24.55% 24.30% 24.24% 24.11% 23.94% 24.10% 24.23% 24.32% 24.43% 24.50%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

1 Q4 2024 Calculation
Gross profit margin = 100 × (Gross marginQ4 2024 + Gross marginQ3 2024 + Gross marginQ2 2024 + Gross marginQ1 2024) ÷ (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024)
= 100 × (8,597 + 6,219 + 6,191 + 6,260) ÷ (78,185 + 57,392 + 57,331 + 56,717) = 10.92%

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. gross profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Operating Profit Margin

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

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Selected Financial Data (US$ in millions)
Operating income 3,042 2,197 2,062 1,984 2,781 1,679 1,903 1,751 2,497 1,791 1,812 1,693 2,275 1,663 1,340 1,430 1,929 1,179 1,266 1,061 1,463 1,122 1,203 949
Net sales 78,185 57,392 57,331 56,717 77,430 52,604 54,239 53,437 70,764 51,612 50,937 49,417 61,441 44,376 43,888 42,347 52,277 36,451 38,256 36,236 46,448 33,964 34,628 34,311
Profitability Ratio
Operating profit margin1 3.72% 3.63% 3.48% 3.46% 3.41% 3.39% 3.45% 3.46% 3.50% 3.55% 3.61% 3.50% 3.49% 3.48% 3.36% 3.43% 3.33% 3.16% 3.17% 3.21% 3.17%
Benchmarks
Operating Profit Margin, Competitors2
Dollar General Corp. 6.32% 7.17% 7.99% 8.65% 8.79% 8.79% 8.83% 8.85% 9.41% 9.70% 10.11% 10.67% 10.53% 10.48% 9.98% 8.98% 8.30% 8.15% 8.14% 8.18% 8.26%
Target Corp. 5.39% 4.75% 4.42% 3.56% 3.58% 4.46% 5.43% 7.50% 8.55% 8.52% 8.70% 8.71% 7.08% 6.74% 5.94% 5.05% 6.04% 5.97% 5.79% 5.58% 5.52%
Walmart Inc. 4.20% 4.00% 3.49% 3.46% 3.37% 3.49% 4.10% 4.27% 4.57% 4.50% 4.54% 4.34% 4.06% 4.11% 3.96% 3.93% 3.96% 4.12% 4.20% 4.25% 4.30%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

1 Q4 2024 Calculation
Operating profit margin = 100 × (Operating incomeQ4 2024 + Operating incomeQ3 2024 + Operating incomeQ2 2024 + Operating incomeQ1 2024) ÷ (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024)
= 100 × (3,042 + 2,197 + 2,062 + 1,984) ÷ (78,185 + 57,392 + 57,331 + 56,717) = 3.72%

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. operating profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Net Profit Margin

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

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Selected Financial Data (US$ in millions)
Net income attributable to Costco 2,354 1,681 1,743 1,589 2,160 1,302 1,466 1,364 1,868 1,353 1,299 1,324 1,670 1,220 951 1,166 1,389 838 931 844 1,097 906 889 767
Net sales 78,185 57,392 57,331 56,717 77,430 52,604 54,239 53,437 70,764 51,612 50,937 49,417 61,441 44,376 43,888 42,347 52,277 36,451 38,256 36,236 46,448 33,964 34,628 34,311
Profitability Ratio
Net profit margin1 2.95% 2.88% 2.78% 2.70% 2.65% 2.60% 2.63% 2.59% 2.62% 2.65% 2.67% 2.59% 2.61% 2.58% 2.48% 2.55% 2.45% 2.36% 2.44% 2.47% 2.45%
Benchmarks
Net Profit Margin, Competitors2
Dollar General Corp. 4.29% 4.91% 5.59% 6.19% 6.38% 6.49% 6.55% 6.58% 7.01% 7.19% 7.52% 7.96% 7.87% 7.84% 7.48% 6.69% 6.17% 6.09% 6.11% 6.16% 6.20%
Target Corp. 3.91% 3.45% 3.17% 2.53% 2.58% 3.22% 3.97% 5.55% 6.64% 6.65% 6.37% 6.38% 4.73% 4.37% 4.21% 3.50% 4.25% 4.23% 4.15% 4.00% 3.95%
Walmart Inc. 2.41% 2.57% 2.24% 1.83% 1.93% 1.51% 2.38% 2.28% 2.41% 1.41% 1.79% 2.19% 2.43% 3.62% 3.33% 2.83% 2.86% 2.79% 2.50% 1.64% 1.31%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

1 Q4 2024 Calculation
Net profit margin = 100 × (Net income attributable to CostcoQ4 2024 + Net income attributable to CostcoQ3 2024 + Net income attributable to CostcoQ2 2024 + Net income attributable to CostcoQ1 2024) ÷ (Net salesQ4 2024 + Net salesQ3 2024 + Net salesQ2 2024 + Net salesQ1 2024)
= 100 × (2,354 + 1,681 + 1,743 + 1,589) ÷ (78,185 + 57,392 + 57,331 + 56,717) = 2.95%

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. net profit margin ratio improved from Q2 2024 to Q3 2024 and from Q3 2024 to Q4 2024.

Return on Equity (ROE)

Costco Wholesale Corp., ROE calculation (quarterly data)

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Selected Financial Data (US$ in millions)
Net income attributable to Costco 2,354 1,681 1,743 1,589 2,160 1,302 1,466 1,364 1,868 1,353 1,299 1,324 1,670 1,220 951 1,166 1,389 838 931 844 1,097 906 889 767
Total Costco stockholders’ equity 23,622 21,771 20,760 26,147 25,058 23,568 22,794 21,471 20,642 19,968 19,418 18,463 17,564 16,482 15,652 14,860 18,284 16,802 16,614 15,861 15,243 14,486 13,858 13,167
Profitability Ratio
ROE1 31.19% 32.95% 32.73% 24.92% 25.11% 25.46% 26.55% 27.40% 28.31% 28.28% 28.39% 27.97% 28.51% 28.67% 27.75% 29.10% 21.89% 22.08% 22.74% 23.55% 24.00%
Benchmarks
ROE, Competitors2
Dollar General Corp. 24.61% 29.74% 34.43% 40.06% 43.60% 38.63% 37.41% 38.15% 38.31% 39.49% 41.25% 42.92% 39.86% 36.47% 31.80% 27.44% 25.55% 24.97% 24.14% 24.49% 24.77%
Target Corp. 30.81% 29.02% 28.13% 23.45% 24.75% 31.29% 39.88% 54.37% 54.15% 49.13% 42.45% 41.32% 30.25% 28.70% 28.00% 24.80% 27.73% 28.11% 26.64% 27.11% 26.00%
Walmart Inc. 18.50% 20.50% 17.65% 15.61% 15.23% 12.41% 17.88% 16.90% 16.42% 9.75% 12.48% 15.64% 16.69% 24.24% 23.76% 22.02% 19.93% 20.14% 18.27% 12.28% 9.20%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

1 Q4 2024 Calculation
ROE = 100 × (Net income attributable to CostcoQ4 2024 + Net income attributable to CostcoQ3 2024 + Net income attributable to CostcoQ2 2024 + Net income attributable to CostcoQ1 2024) ÷ Total Costco stockholders’ equity
= 100 × (2,354 + 1,681 + 1,743 + 1,589) ÷ 23,622 = 31.19%

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. ROE improved from Q2 2024 to Q3 2024 but then deteriorated significantly from Q3 2024 to Q4 2024.

Return on Assets (ROA)

Costco Wholesale Corp., ROA calculation (quarterly data)

Microsoft Excel
Sep 1, 2024 May 12, 2024 Feb 18, 2024 Nov 26, 2023 Sep 3, 2023 May 7, 2023 Feb 12, 2023 Nov 20, 2022 Aug 28, 2022 May 8, 2022 Feb 13, 2022 Nov 21, 2021 Aug 29, 2021 May 9, 2021 Feb 14, 2021 Nov 22, 2020 Aug 30, 2020 May 10, 2020 Feb 16, 2020 Nov 24, 2019 Sep 1, 2019 May 12, 2019 Feb 17, 2019 Nov 25, 2018
Selected Financial Data (US$ in millions)
Net income attributable to Costco 2,354 1,681 1,743 1,589 2,160 1,302 1,466 1,364 1,868 1,353 1,299 1,324 1,670 1,220 951 1,166 1,389 838 931 844 1,097 906 889 767
Total assets 69,831 67,911 66,323 73,723 68,994 66,752 66,848 66,027 64,166 63,852 63,078 64,149 59,268 57,274 54,918 60,217 55,556 51,732 48,782 51,431 45,400 43,752 42,799 43,814
Profitability Ratio
ROA1 10.55% 10.56% 10.24% 8.84% 9.12% 8.99% 9.05% 8.91% 9.11% 8.84% 8.74% 8.05% 8.45% 8.25% 7.91% 7.18% 7.20% 7.17% 7.74% 7.26% 8.06%
Benchmarks
ROA, Competitors2
Dollar General Corp. 5.39% 6.26% 7.13% 7.98% 8.31% 8.12% 8.20% 8.44% 9.11% 9.43% 9.93% 10.63% 10.27% 9.74% 9.05% 7.96% 7.50% 7.41% 7.43% 7.56% 12.04%
Target Corp. 7.48% 6.46% 6.34% 5.22% 5.21% 6.20% 8.05% 11.52% 12.91% 12.46% 12.28% 12.25% 8.52% 7.54% 7.34% 6.18% 7.67% 7.42% 7.59% 7.42% 7.11%
Walmart Inc. 6.15% 6.29% 5.50% 4.61% 4.80% 3.62% 5.61% 5.28% 5.58% 3.28% 4.21% 5.18% 5.35% 7.87% 7.54% 6.45% 6.29% 6.02% 5.47% 3.57% 3.04%

Based on: 10-K (reporting date: 2024-09-01), 10-Q (reporting date: 2024-05-12), 10-Q (reporting date: 2024-02-18), 10-Q (reporting date: 2023-11-26), 10-K (reporting date: 2023-09-03), 10-Q (reporting date: 2023-05-07), 10-Q (reporting date: 2023-02-12), 10-Q (reporting date: 2022-11-20), 10-K (reporting date: 2022-08-28), 10-Q (reporting date: 2022-05-08), 10-Q (reporting date: 2022-02-13), 10-Q (reporting date: 2021-11-21), 10-K (reporting date: 2021-08-29), 10-Q (reporting date: 2021-05-09), 10-Q (reporting date: 2021-02-14), 10-Q (reporting date: 2020-11-22), 10-K (reporting date: 2020-08-30), 10-Q (reporting date: 2020-05-10), 10-Q (reporting date: 2020-02-16), 10-Q (reporting date: 2019-11-24), 10-K (reporting date: 2019-09-01), 10-Q (reporting date: 2019-05-12), 10-Q (reporting date: 2019-02-17), 10-Q (reporting date: 2018-11-25).

1 Q4 2024 Calculation
ROA = 100 × (Net income attributable to CostcoQ4 2024 + Net income attributable to CostcoQ3 2024 + Net income attributable to CostcoQ2 2024 + Net income attributable to CostcoQ1 2024) ÷ Total assets
= 100 × (2,354 + 1,681 + 1,743 + 1,589) ÷ 69,831 = 10.55%

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. ROA improved from Q2 2024 to Q3 2024 but then slightly deteriorated from Q3 2024 to Q4 2024.