Costco Wholesale Corp (COST)
Operating profit margin
| Sep 1, 2024 | Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,285,000 | 8,114,000 | 7,793,000 | 6,708,000 | 5,435,000 |
| Revenue | US$ in thousands | 254,453,000 | 242,290,000 | 226,954,000 | 195,929,000 | 166,761,000 |
| Operating profit margin | 3.65% | 3.35% | 3.43% | 3.42% | 3.26% |
September 1, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $9,285,000K ÷ $254,453,000K
= 3.65%
The operating profit margin of Costco Wholesale Corp has shown a slight improvement over the past five years, with a gradual increase from 3.26% in August 2020 to 3.65% in September 2024. This upward trend indicates that the company has been able to effectively manage its operating expenses relative to its sales revenue, leading to a higher proportion of profits generated from its core business operations. The consistency in maintaining operating profit margins above 3% demonstrates Costco's ability to sustain profitability levels over the years. However, further analysis of the underlying factors driving this margin improvement would be needed to fully evaluate the company's operational efficiency and performance.
Peer comparison
Sep 1, 2024