Costco Wholesale Corp (COST)
Pretax margin
| Sep 3, 2023 | Aug 28, 2022 | Aug 29, 2021 | Aug 30, 2020 | Sep 1, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 8,487,000 | 7,769,000 | 6,608,000 | 5,310,000 | 4,720,000 |
| Revenue | US$ in thousands | 242,290,000 | 226,954,000 | 195,929,000 | 166,761,000 | 152,703,000 |
| Pretax margin | 3.50% | 3.42% | 3.37% | 3.18% | 3.09% |
September 3, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $8,487,000K ÷ $242,290,000K
= 3.50%
The pretax margin for Costco Wholesale Corp has shown a consistent upward trend over the past five years. In the most recent fiscal year ending on September 3, 2023, the pretax margin reached 3.50%, representing a slight increase from 3.45% in the previous year. This improvement suggests the company's ability to efficiently control operating expenses and generate higher pre-tax profit relative to its total revenue. A steady growth in pretax margin indicates effective cost management and operational efficiency, which can be favorable for the company's overall financial health and performance. This trend may reflect Costco's ability to effectively manage its costs and optimize its operational processes, leading to improved profitability.
Peer comparison
Sep 3, 2023