Costco Wholesale Corp (COST)
Net profit margin
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 7,367,000 | 6,292,000 | 5,844,000 | 5,007,000 | 4,002,000 |
| Revenue | US$ in thousands | 254,453,000 | 242,290,000 | 226,954,000 | 195,929,000 | 166,761,000 |
| Net profit margin | 2.90% | 2.60% | 2.57% | 2.56% | 2.40% |
September 1, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $7,367,000K ÷ $254,453,000K
= 2.90%
The net profit margin of Costco Wholesale Corp has shown a generally increasing trend over the past five years, indicating a gradual improvement in the company's profitability. From August 2020 to September 2024, the net profit margin has increased from 2.40% to 2.90%. This signifies that Costco has been able to effectively control its expenses and generate more profits from its operations over this period. The consistent growth in net profit margin reflects Costco's ability to efficiently manage its costs relative to its revenue, ultimately resulting in higher profitability for the company. Overall, the trend in net profit margin suggests that Costco Wholesale Corp has been maintaining a healthy level of profitability and is effectively optimizing its operational efficiency.
Peer comparison
Sep 1, 2024