Costco Wholesale Corporation

COSTNASDAQConsumer Defensive● Active

$971.87

$-0.48(-0.05%)

Market Cap$431.0B

P/E Ratio—

52W High$1096.5

52W Low$844.06

Avg Volume2.0M

Open$977.42

Beta0.87

Free Cash Flow Financials Revenue

Costco Wholesale Corporation (COST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

COST · free cash flow · updated Jun 8, 2026

Core FCF metrics

COST · FCF · TTM · margin & CAGR

Free cash flow was $7.84B for FY2025 (fiscal year ending 2025-08-31), up 18.2% year-over-year The FCF margin was 2.9%. Five-year CAGR stands at +5.3%.

FY2025 Free Cash Flow$7.84B▲ +18.2% YoY

Trailing 12M (TTM)$8.81Btrailing 4 quarters sum

FCF Margin2.9%$7.84B ÷ revenue

3-Year CAGR+30.8%FY2022 → FY2025

5-Year CAGR+5.3%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

COST · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$13.34B(5.50B)$7.84B▲ +18.2%2.9%

FY2024$11.34B(4.71B)$6.63B▼ 1.7%2.6%

FY2023$11.07B(4.32B)$6.75B▲ +92.7%2.8%

FY2022$7.39B(3.89B)$3.50B▼ 34.8%1.5%

FY2021$8.96B(3.59B)$5.37B▼ 11.3%2.7%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

COST · P/FCF · FCF yield · FCF per share

Costco Wholesale Corporation (COST) trades at a FCF yield of 2.04% and a price-to-free-cash-flow ratio of 49.0x. FCF per share stands at $19.83, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

2.04%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$19.83

TTM FCF ÷ Shares Outstanding

Price / FCF

x49.0

Share Price ÷ FCF per Share

EV / FCF (TTM)

x47.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-08-31

Cash flow statement summary

COST · cash flow statement · operating / investing / financing

For FY2025, Costco Wholesale Corporation generated $13.34B in operating cash flow and spent 5.50B in capital expenditures, yielding $7.84B in free cash flow.

Operating Activities

+$13.34B

Cash from core business operations

2025-08-31

Investing Activities

−$5.31B

CapEx, acquisitions & investments

2025-08-31

Financing Activities

−$3.77B

Buybacks, dividends & debt

2025-08-31

FCF FormulaOperating CF ($13.34B) − |CapEx| (5.50B) = FCF ($7.84B)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

COST vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Costco Wholesale CorporationYOU

COST

$7.84B+18.2%2.8%

53%

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Costco Wholesale Corporation (COST) reported free cash flow of $7.84B for FY2025 (fiscal year ending 2025-08-31), up 18.2% year-over-year. The FCF margin was 2.9%.

Based on available data, Costco Wholesale Corporation has maintained positive free cash flow for at least 15 fiscal year(s). FCF peaked at $7.84B in FY2025. The 5-year CAGR stands at +5.3%.

Costco Wholesale Corporation's FCF yield is 2.04% and price-to-FCF ratio is 49.0x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

COST free cash flow · 8 questions

Costco Wholesale Corporation free cash flow was $7.84B for FY2025, up 18.2% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $8.81B.

COST free cash flowCOST FCFCOST FCF 2025COST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Costco Wholesale Corporation · Costco Wholesale Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026