Costco’s FY2025 NOPAT margin was only 2.82%—but capital turnover reached 13.42×, producing a 37.9% simplified ROIC in our calculation.
Learn what ROIC measures and why assumptions matter:

Costco’s FY2025 NOPAT margin was only 2.82%—but capital turnover reached 13.42×, producing a 37.9% simplified ROIC in our calculation.
Learn what ROIC measures and why assumptions matter: