Costco Historical Income Statement

COST Stock  USD 732.63  0.55  0.08%   
Historical analysis of Costco Wholesale income statement accounts such as Interest Expense of 193.2 M, Total Revenue of 292.6 B or Gross Profit of 35.9 B can show how well Costco Wholesale Corp performed in making a profits. Evaluating Costco Wholesale income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Costco Wholesale's future profits or losses.
 
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Financial Statement Analysis is much more than just reviewing and examining Costco Wholesale Corp latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Costco Wholesale Corp is a good buy for the upcoming year.
  
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.

About Costco Income Statement Analysis

Costco Wholesale Corp Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Costco Wholesale shareholders. The income statement also shows Costco investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).

Costco Wholesale Income Statement Chart

Costco Wholesale Corp Income Statement is one of the three primary financial statements used for reporting Costco's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Costco Wholesale Corp revenue and expense. Costco Wholesale Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Costco Wholesale's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 26.1 B in 2024, whereas Net Income Applicable To Common Shares is likely to drop slightly above 4.8 B in 2024.

Total Revenue

Total revenue comprises all receipts Costco Wholesale Corp generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.

Gross Profit

Gross profit is a required income statement account that reflects total revenue of Costco Wholesale Corp minus its cost of goods sold. It is profit before Costco Wholesale operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.

Other Operating Expenses

Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Costco Wholesale Corp. It is also known as Costco Wholesale overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.

Operating Income

Operating Income is the amount of profit realized from Costco Wholesale Corp operations after accounting for operating expenses such as cost of goods sold (COGS), wages and depreciation. Operating income takes the gross income and subtracts other operating expenses and then removes depreciation. Operating Income of Costco Wholesale Corp is typically a synonym for earnings before interest and taxes (EBIT) and is also commonly referred to as operating profit or recurring profit. Earnings before interest and taxes (EBIT), representing the amount of profit a company generates from its operations.
Most accounts from Costco Wholesale's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Costco Wholesale Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
At this time, Costco Wholesale's Cost Of Revenue is comparatively stable compared to the past year. Total Operating Expenses is likely to gain to about 26.1 B in 2024, whereas Net Income Applicable To Common Shares is likely to drop slightly above 4.8 B in 2024.
 2021 2022 2023 2024 (projected)
Gross Profit27.6B29.7B34.2B35.9B
Total Revenue227.0B242.3B278.6B292.6B

Costco Wholesale income statement Correlations

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0.990.891.01.01.01.01.01.01.01.00.770.990.980.750.780.860.80.850.850.42-0.64
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0.980.861.00.991.01.01.01.00.991.00.81.00.980.780.810.880.830.880.880.45-0.66
0.980.881.01.01.01.01.01.00.991.00.791.00.980.770.80.870.820.870.870.44-0.65
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0.980.861.00.991.01.01.01.01.00.990.81.00.980.780.810.880.820.880.880.43-0.65
0.70.450.770.740.770.770.80.790.770.720.80.80.80.850.960.820.980.820.850.8-0.71
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0.970.860.980.970.980.970.980.980.980.970.980.80.960.770.840.820.830.820.840.5-0.68
0.680.460.750.720.750.770.780.770.760.70.780.850.780.770.860.950.820.950.960.51-0.43
0.70.450.780.750.780.780.810.80.780.730.810.960.80.840.860.80.960.810.850.74-0.77
0.80.610.860.840.860.870.880.870.860.820.880.820.890.820.950.80.810.990.990.43-0.47
0.740.510.80.770.80.80.830.820.80.760.820.980.820.830.820.960.810.80.840.82-0.77
0.790.590.850.830.850.870.880.870.860.810.880.820.890.820.950.810.990.80.990.39-0.46
0.790.590.850.830.850.870.880.870.850.810.880.850.880.840.960.850.990.840.990.48-0.53
0.390.210.420.40.420.40.450.440.420.40.430.80.420.50.510.740.430.820.390.48-0.63
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Click cells to compare fundamentals

Costco Wholesale Account Relationship Matchups

Costco Wholesale income statement Accounts

201920202021202220232024 (projected)
Depreciation And Amortization1.6B1.8B1.9B2.1B2.4B2.5B
Interest Expense150M160M171M158M184M193.2M
Total Revenue166.8B195.9B227.0B242.3B278.6B292.6B
Gross Profit21.8B25.2B27.6B29.7B34.2B35.9B
Other Operating Expenses161.3B189.2B219.2B234.2B269.3B282.8B
Operating Income5.4B6.7B7.8B8.1B9.3B9.8B
Ebit5.4B6.7B7.8B8.6B9.9B10.4B
Ebitda7.1B8.5B9.7B10.7B12.3B12.9B
Cost Of Revenue144.9B170.7B199.4B212.6B244.5B256.7B
Total Operating Expenses16.4B18.5B19.8B21.6B24.8B26.1B
Income Before Tax5.4B6.7B7.8B8.5B9.8B10.2B
Total Other Income Expense Net7M56M106M373M335.7M352.5M
Net Income4.0B5.0B5.8B6.3B7.2B7.6B
Income Tax Expense1.3B1.6B1.9B2.2B2.5B2.7B
Tax Provision1.3B1.6B1.9B2.2B2.5B1.7B
Interest Income64M74M205M339M389.9M409.3M
Selling General Administrative15.8B17.9B19.8B21.6B24.8B18.4B
Net Income Applicable To Common Shares4.0B5.0B5.8B6.3B7.2B4.8B
Net Interest Income(71M)(130M)47M373M429.0M450.4M
Net Income From Continuing Ops4.1B5.1B5.9B6.3B7.2B5.2B
Reconciled Depreciation1.6B1.8B1.9B2.1B2.4B1.9B
Minority Interest(57M)(72M)(71M)(10M)(11.5M)(12.1M)

Pair Trading with Costco Wholesale

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Costco Wholesale position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Costco Wholesale will appreciate offsetting losses from the drop in the long position's value.

Moving together with Costco Stock

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The ability to find closely correlated positions to Costco Wholesale could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Costco Wholesale when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Costco Wholesale - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Costco Wholesale Corp to buy it.
The correlation of Costco Wholesale is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Costco Wholesale moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Costco Wholesale Corp moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Costco Wholesale can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
When determining whether Costco Wholesale Corp is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Costco Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Costco Wholesale Corp Stock. Highlighted below are key reports to facilitate an investment decision about Costco Wholesale Corp Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Costco Wholesale Corp. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in state.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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Is Costco Wholesale's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Costco Wholesale. If investors know Costco will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Costco Wholesale listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.188
Dividend Share
4.08
Earnings Share
15.3
Revenue Per Share
560.607
Quarterly Revenue Growth
0.057
The market value of Costco Wholesale Corp is measured differently than its book value, which is the value of Costco that is recorded on the company's balance sheet. Investors also form their own opinion of Costco Wholesale's value that differs from its market value or its book value, called intrinsic value, which is Costco Wholesale's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Costco Wholesale's market value can be influenced by many factors that don't directly affect Costco Wholesale's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Costco Wholesale's value and its price as these two are different measures arrived at by different means. Investors typically determine if Costco Wholesale is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Costco Wholesale's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.