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Side-by-side financial comparison of Cigna (CI) and Costco (COST). Click either name above to swap in a different company.
Cigna is the larger business by last-quarter revenue ($72.5B vs $67.3B, roughly 1.1× Costco). Costco runs the higher net margin — 3.0% vs 1.8%, a 1.2% gap on every dollar of revenue. On growth, Cigna posted the faster year-over-year revenue change (10.4% vs 8.3%). Over the past eight quarters, Cigna's revenue compounded faster (12.5% CAGR vs 7.9%).
The Cigna Group is an American multinational for-profit managed healthcare and insurance company based in Bloomfield, Connecticut. Cigna's insurance subsidiaries are major providers of medical, dental, disability, life and accident insurance and related products and services, the majority of which are offered through employers and other groups.
CostcoCOSTEarnings & Financial Report
Costco Wholesale Corporation, doing business as Costco, is an American multinational corporation which operates a chain of membership-only big-box warehouse club retail stores. As of 2021, Costco is the third-largest retailer in the world, and as of August 2024, Costco is the world's largest retailer of beef, poultry, organic produce, and wine, with just under a third of American consumers regularly shopping at Costco warehouses.
CI vs COST — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $72.5B | $67.3B |
| Net Profit | $1.3B | $2.0B |
| Gross Margin | 20.3% | 13.1% |
| Operating Margin | 3.2% | 3.7% |
| Net Margin | 1.8% | 3.0% |
| Revenue YoY | 10.4% | 8.3% |
| Net Profit YoY | -17.1% | 11.3% |
| EPS (diluted) | $4.64 | $4.50 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $72.5B | $67.3B | ||
| Q3 25 | $69.7B | $86.2B | ||
| Q2 25 | $67.2B | $63.2B | ||
| Q1 25 | $65.5B | $63.7B | ||
| Q4 24 | $65.6B | $62.2B | ||
| Q3 24 | $63.7B | — | ||
| Q2 24 | $60.5B | $58.5B | ||
| Q1 24 | $57.3B | $58.4B |
| Q4 25 | $1.3B | $2.0B | ||
| Q3 25 | $2.0B | $2.6B | ||
| Q2 25 | $1.6B | $1.9B | ||
| Q1 25 | $1.4B | $1.8B | ||
| Q4 24 | $1.5B | $1.8B | ||
| Q3 24 | $825.0M | — | ||
| Q2 24 | $1.6B | $1.7B | ||
| Q1 24 | $-212.0M | $1.7B |
| Q4 25 | 20.3% | 13.1% | ||
| Q3 25 | 20.4% | 12.9% | ||
| Q2 25 | 20.7% | 13.0% | ||
| Q1 25 | 26.1% | 12.5% | ||
| Q4 24 | 25.3% | 12.9% | ||
| Q3 24 | 25.3% | — | ||
| Q2 24 | 26.5% | 12.5% | ||
| Q1 24 | 27.6% | 12.5% |
| Q4 25 | 3.2% | 3.7% | ||
| Q3 25 | 3.7% | 3.9% | ||
| Q2 25 | 3.4% | 4.0% | ||
| Q1 25 | 3.0% | 3.6% | ||
| Q4 24 | 3.3% | 3.5% | ||
| Q3 24 | 4.0% | — | ||
| Q2 24 | 4.0% | 3.8% | ||
| Q1 24 | 3.9% | 3.5% |
| Q4 25 | 1.8% | 3.0% | ||
| Q3 25 | 2.8% | 3.0% | ||
| Q2 25 | 2.4% | 3.0% | ||
| Q1 25 | 2.2% | 2.8% | ||
| Q4 24 | 2.3% | 2.9% | ||
| Q3 24 | 1.3% | — | ||
| Q2 24 | 2.7% | 2.9% | ||
| Q1 24 | -0.4% | 3.0% |
| Q4 25 | $4.64 | $4.50 | ||
| Q3 25 | $6.98 | $5.87 | ||
| Q2 25 | $5.71 | $4.28 | ||
| Q1 25 | $4.85 | $4.02 | ||
| Q4 24 | $5.01 | $4.04 | ||
| Q3 24 | $2.63 | — | ||
| Q2 24 | $5.45 | $3.78 | ||
| Q1 24 | $-0.97 | $3.92 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $8.7B | $17.2B |
| Total DebtLower is stronger | $30.9B | — |
| Stockholders' EquityBook value | $41.7B | $30.3B |
| Total Assets | $157.9B | $82.8B |
| Debt / EquityLower = less leverage | 0.74× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.7B | $17.2B | ||
| Q3 25 | $6.9B | $15.3B | ||
| Q2 25 | $5.1B | $14.8B | ||
| Q1 25 | $9.1B | $13.2B | ||
| Q4 24 | $8.2B | $11.8B | ||
| Q3 24 | $6.8B | — | ||
| Q2 24 | $7.9B | $11.5B | ||
| Q1 24 | $9.5B | $10.3B |
| Q4 25 | $30.9B | — | ||
| Q3 25 | $30.9B | — | ||
| Q2 25 | $26.5B | — | ||
| Q1 25 | $26.5B | — | ||
| Q4 24 | $28.9B | — | ||
| Q3 24 | $30.2B | — | ||
| Q2 24 | $30.2B | — | ||
| Q1 24 | $31.1B | — |
| Q4 25 | $41.7B | $30.3B | ||
| Q3 25 | $41.8B | $29.2B | ||
| Q2 25 | $40.2B | $27.1B | ||
| Q1 25 | $40.2B | $25.6B | ||
| Q4 24 | $41.0B | $24.5B | ||
| Q3 24 | $42.1B | — | ||
| Q2 24 | $41.3B | $21.8B | ||
| Q1 24 | $41.2B | $20.8B |
| Q4 25 | $157.9B | $82.8B | ||
| Q3 25 | $157.9B | $77.1B | ||
| Q2 25 | $151.7B | $75.5B | ||
| Q1 25 | $150.7B | $73.2B | ||
| Q4 24 | $155.9B | $73.4B | ||
| Q3 24 | $157.6B | — | ||
| Q2 24 | $155.4B | $67.9B | ||
| Q1 24 | $153.1B | $66.3B |
| Q4 25 | 0.74× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.66× | — | ||
| Q1 25 | 0.66× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.72× | — | ||
| Q2 24 | 0.73× | — | ||
| Q1 24 | 0.75× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $6.1B | $4.7B |
| Free Cash FlowOCF − Capex | — | $3.2B |
| FCF MarginFCF / Revenue | — | 4.7% |
| Capex IntensityCapex / Revenue | — | 2.3% |
| Cash ConversionOCF / Net Profit | 4.83× | 2.34× |
| TTM Free Cash FlowTrailing 4 quarters | — | $9.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $6.1B | $4.7B | ||
| Q3 25 | $3.4B | $3.9B | ||
| Q2 25 | $-1.9B | $3.5B | ||
| Q1 25 | $1.9B | $2.7B | ||
| Q4 24 | $5.2B | $3.3B | ||
| Q3 24 | $46.0M | — | ||
| Q2 24 | $265.0M | $3.0B | ||
| Q1 24 | $4.8B | $731.0M |
| Q4 25 | — | $3.2B | ||
| Q3 25 | — | $1.9B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $1.6B | ||
| Q4 24 | — | $2.0B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $1.9B | ||
| Q1 24 | — | $-300.0M |
| Q4 25 | — | 4.7% | ||
| Q3 25 | — | 2.2% | ||
| Q2 25 | — | 3.7% | ||
| Q1 25 | — | 2.5% | ||
| Q4 24 | — | 3.2% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 3.3% | ||
| Q1 24 | — | -0.5% |
| Q4 25 | — | 2.3% | ||
| Q3 25 | — | 2.3% | ||
| Q2 25 | — | 1.8% | ||
| Q1 25 | — | 1.8% | ||
| Q4 24 | — | 2.0% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 1.8% | ||
| Q1 24 | — | 1.8% |
| Q4 25 | 4.83× | 2.34× | ||
| Q3 25 | 1.73× | 1.48× | ||
| Q2 25 | -1.16× | 1.82× | ||
| Q1 25 | 1.36× | 1.54× | ||
| Q4 24 | 3.39× | 1.81× | ||
| Q3 24 | 0.06× | — | ||
| Q2 24 | 0.16× | 1.78× | ||
| Q1 24 | — | 0.42× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CI
| Network Pharmacy | $34.3B | 47% |
| Home Delivery And Specialty | $21.1B | 29% |
| Cigna Healthcare | $9.4B | 13% |
| Services | $4.5B | 6% |
| Other Pharmacy | $3.4B | 5% |
| Service Other | $144.0M | 0% |
COST
| Foods And Sundries | $27.1B | 40% |
| Non Foods | $19.2B | 28% |
| Other | $12.1B | 18% |
| Fresh Foods | $9.9B | 15% |
| Membership | $1.4B | 2% |
