Costco Income Statement Research

COST Stock  USD 732.63  0.55  0.08%   
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 Costco Wholesale Valuation and Costco Wholesale Correlation analysis.
  
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.
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 Costco Wholesale Valuation and Costco Wholesale Correlation analysis.
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

0.940.991.00.990.980.980.980.991.00.980.70.970.970.680.70.80.740.790.790.39-0.6
0.940.890.910.890.870.860.880.890.930.860.450.850.860.460.450.610.510.590.590.21-0.44
0.990.891.01.01.01.01.01.01.01.00.770.990.980.750.780.860.80.850.850.42-0.64
1.00.911.01.00.990.991.01.01.00.990.740.990.970.720.750.840.770.830.830.4-0.62
0.990.891.01.01.01.01.01.01.01.00.770.990.980.750.780.860.80.850.850.42-0.64
0.980.871.00.991.01.01.01.00.991.00.771.00.970.770.780.870.80.870.870.4-0.64
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
0.990.891.01.01.01.01.01.00.991.00.770.990.980.760.780.860.80.860.850.42-0.64
1.00.931.01.01.00.990.990.990.990.990.720.980.970.70.730.820.760.810.810.4-0.62
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
0.970.850.990.990.991.01.01.00.990.981.00.80.960.780.80.890.820.890.880.42-0.65
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
-0.6-0.44-0.64-0.62-0.64-0.64-0.66-0.65-0.64-0.62-0.65-0.71-0.65-0.68-0.43-0.77-0.47-0.77-0.46-0.53-0.63
Click cells to compare fundamentals

Costco Wholesale Account Relationship Matchups

Costco Wholesale income statement Accounts

201920202021202220232024 (projected)
Interest Expense150M160M171M158M184M193.2M
Total Revenue166.8B195.9B227.0B242.3B278.6B292.6B
Gross Profit21.8B25.2B27.6B29.7B34.2B35.9B
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
Income Before Tax5.4B6.7B7.8B8.5B9.8B10.2B
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
Net Interest Income(71M)(130M)47M373M429.0M450.4M
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

  0.72BJ BJs Wholesale Club Financial Report 28th of May 2024 PairCorr
  0.7DG Dollar General Financial Report 6th of June 2024 PairCorr

Moving against Costco Stock

  0.9ACI Albertsons Companies Report 9th of April 2024 PairCorr
  0.87HFFG Hf Foods GroupPairCorr
  0.87IH IhumanIncPairCorr
  0.67LW Lamb Weston Holdings Earnings Call This WeekPairCorr
  0.64WBUY WEBUY GLOBAL LTDPairCorr
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 Costco Wholesale Valuation and Costco Wholesale Correlation analysis.
You can also try the Commodity Channel module to use Commodity Channel Index to analyze current equity momentum.

Complementary Tools for Costco Stock analysis

When running Costco Wholesale's price analysis, check to measure Costco Wholesale's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Costco Wholesale is operating at the current time. Most of Costco Wholesale's value examination focuses on studying past and present price action to predict the probability of Costco Wholesale's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Costco Wholesale's price. Additionally, you may evaluate how the addition of Costco Wholesale to your portfolios can decrease your overall portfolio volatility.
Global Correlations
Find global opportunities by holding instruments from different markets
Analyst Advice
Analyst recommendations and target price estimates broken down by several categories
Portfolio Optimization
Compute new portfolio that will generate highest expected return given your specified tolerance for risk
Risk-Return Analysis
View associations between returns expected from investment and the risk you assume
Bollinger Bands
Use Bollinger Bands indicator to analyze target price for a given investing horizon
AI Investment Finder
Use AI to screen and filter profitable investment opportunities
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.