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Costco Wholesale vs Target: revenue, profit, margins and growth compared

Costco Wholesale brought in $275.2B of revenue in fiscal 2025, Target $104.8B in fiscal 2025. Revenue changed by +8.2% at Costco Wholesale and -1.7% at Target on the year before, so Costco Wholesale grew faster. Costco Wholesale kept 2.9% of its revenue as net profit, Target 3.5%. Free cash flow was $7.8B at Costco Wholesale and $2.8B at Target.

Side by side, latest fiscal year

COSTTGT
Fiscal year endedFY2025 (August 31, 2025)FY2025 (January 31, 2026)
Revenue$275.2B$104.8B
Revenue growth+8.2%-1.7%
Net income$8.1B$3.7B
Net margin2.9%3.5%
Free cash flow$7.8B$2.8B
Free cash flow margin2.8%2.7%
Earnings per share (diluted)$18.21$8.13
Cash$14.2B$5.5B
Debt$5.8B$14.4B
Price to earnings50.719.4
Market value$409.2B$71.5B
Dividend yield0.53%2.88%
Rank by revenue in sector#3 of 778 · Consumer discretionary#5 of 778 · Consumer discretionary

Over the years

Revenue
COST FY2018: $141.6BCOST FY2019: $152.7BCOST FY2020: $166.8BCOST FY2021: $195.9BCOST FY2022: $227BCOST FY2023: $242.3BCOST FY2024: $254.5BCOST FY2025: $275.2BTGT FY2018: $75.4BTGT FY2019: $78.1BTGT FY2020: $93.6BTGT FY2021: $106BTGT FY2022: $109.1BTGT FY2023: $107.4BTGT FY2024: $106.6BTGT FY2025: $104.8BFY18FY19FY20FY21FY22FY23FY24FY25
COST $275.2BTGT $104.8B
Net income
COST FY2018: $3.1BCOST FY2019: $3.7BCOST FY2020: $4BCOST FY2021: $5BCOST FY2022: $5.8BCOST FY2023: $6.3BCOST FY2024: $7.4BCOST FY2025: $8.1BTGT FY2018: $2.9BTGT FY2019: $3.3BTGT FY2020: $4.4BTGT FY2021: $6.9BTGT FY2022: $2.8BTGT FY2023: $4.1BTGT FY2024: $4.1BTGT FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25
COST $8.1BTGT $3.7B
Net margin
COST FY2018: 2.2%COST FY2019: 2.4%COST FY2020: 2.4%COST FY2021: 2.6%COST FY2022: 2.6%COST FY2023: 2.6%COST FY2024: 2.9%COST FY2025: 2.9%TGT FY2018: 3.9%TGT FY2019: 4.2%TGT FY2020: 4.7%TGT FY2021: 6.6%TGT FY2022: 2.5%TGT FY2023: 3.9%TGT FY2024: 3.8%TGT FY2025: 3.5%FY18FY19FY20FY21FY22FY23FY24FY25
COST 2.9%TGT 3.5%
Revenue growth
COST FY2019: +7.9%COST FY2020: +9.2%COST FY2021: +17.5%COST FY2022: +15.8%COST FY2023: +6.8%COST FY2024: +5.0%COST FY2025: +8.2%TGT FY2019: +3.7%TGT FY2020: +19.8%TGT FY2021: +13.3%TGT FY2022: +2.9%TGT FY2023: -1.6%TGT FY2024: -0.8%TGT FY2025: -1.7%FY19FY20FY21FY22FY23FY24FY25
COST +8.2%TGT -1.7%
Free cash flow
COST FY2018: $2.8BCOST FY2019: $3.4BCOST FY2020: $6.1BCOST FY2021: $5.4BCOST FY2022: $3.5BCOST FY2023: $6.7BCOST FY2024: $6.6BCOST FY2025: $7.8BTGT FY2018: $2.5BTGT FY2019: $4.1BTGT FY2020: $7.9BTGT FY2021: $5.1BTGT FY2022: -$1.5BTGT FY2023: $3.8BTGT FY2024: $4.5BTGT FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
COST $7.8BTGT $2.8B

Fiscal years as each company reports them; the two may end in different months.

Questions about Costco Wholesale and Target

Which is bigger by revenue, Costco Wholesale or Target?

Costco Wholesale is bigger by revenue: $275.2B in fiscal 2025, against $104.8B for Target in fiscal 2025.

Which keeps more of its revenue as profit, Costco Wholesale or Target?

Costco Wholesale had a net margin of 2.9% in fiscal 2025; Target had 3.5% in fiscal 2025.

Which grew revenue faster, Costco Wholesale or Target?

In their latest fiscal years revenue changed by +8.2% at Costco Wholesale and -1.7% at Target.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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