PRICESMART INC PSMT
PriceSmart was founded in 1996 by Sol and Robert Price, the creators of Price Club, the original warehouse club operator. The mission of PriceSmart is to operate its warehouse club business in Central America, the Caribbean and South America at operating standards as good as, or superior to, warehouse club operations in the United States.
As of August 31, 2025, we had 56 warehouse clubs in operation in Central America, the Caribbean and Colombia. In addition, we are continuing to advance our planned expansion into Chile, which we believe is a promising new market for our business model. We believe PriceSmart has become one of the most respected and trusted brands in the countries where we operate and with over two million membership accounts, and almost four million cardholders, we believe PriceSmart is an essential part of the shopping experience for consumers and small businesses in PriceSmart's markets.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $5.27B | $4.91B | $4.41B | $4.07B | $3.62B | $3.19B | $3.09B | $3.05B | $2.91B | $2.91B |
| Cost of revenue | $4.36B | $4.07B | $3.65B | — | — | $2.77B | $2.70B | $2.66B | $2.52B | $2.45B |
| Gross profit | $914.4M | $846.9M | $759.3M | — | — | $417.0M | $396.0M | $397.2M | $390.3M | $455.6M |
| SG&A | $179.9M | $156.4M | $134.8M | $133.2M | $125.4M | $106.8M | $101.4M | $88.5M | $70.0M | $64.3M |
| Total operating expenses | $5.04B | $4.69B | $4.23B | $3.90B | $3.46B | $3.21B | $3.11B | $3.04B | $2.86B | $2.77B |
| Operating income | $232.5M | $220.9M | $184.5M | $167.1M | $158.0M | $122.5M | $115.2M | $126.1M | $136.2M | $136.7M |
| Interest expense | $11.5M | $13.0M | $11.0M | $9.6M | $7.2M | $7.6M | $3.9M | $5.1M | $6.8M | $5.9M |
| Pre-tax income | $206.5M | $201.4M | $169.2M | $156.4M | $147.2M | $116.0M | $111.1M | $122.6M | $132.7M | $131.2M |
| Income tax | $58.6M | $62.6M | $60.0M | $51.9M | $49.0M | $37.8M | $37.6M | $48.2M | $42.0M | $42.8M |
| Net income | $147.9M | $138.9M | $109.2M | $104.5M | $98.0M | $78.1M | $73.2M | $74.3M | $90.7M | $88.7M |
| EPS, basic | 4.82 | 4.57 | 3.51 | 3.38 | 3.18 | 2.55 | 2.40 | 2.44 | 2.98 | 2.92 |
| EPS, diluted | 4.82 | 4.57 | 3.50 | 3.38 | 3.18 | 2.55 | 2.40 | 2.44 | 2.98 | 2.92 |
| Shares, diluted (wtd. avg.) | $30.1M | $30.0M | $30.8M | $30.6M | $30.4M | $30.3M | $30.2M | $30.1M | $30.0M | $29.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $241.0M | $125.4M | $240.0M | $251.4M | $215.5M | $303.8M | $106.2M | $96.9M | $165.7M | $202.7M |
| Short-term investments | $73.2M | $100.2M | $91.1M | $11.2M | $50.2M | $46.5M | $17.0M | $32.3M | $39.3M | — |
| Receivables | $17.4M | $18.8M | $17.9M | $13.4M | $12.4M | $13.2M | $9.9M | $8.9M | $6.5M | $7.5M |
| Inventory | $560.7M | $528.7M | $471.4M | $464.4M | $389.7M | $309.5M | $331.3M | $321.0M | $310.9M | $282.9M |
| Total current assets | $974.5M | $832.3M | $877.1M | $773.6M | $697.2M | $699.0M | $491.9M | $487.9M | $510.4M | $512.6M |
| Property, plant and equipment | $996.3M | $936.1M | $850.3M | $757.2M | $730.2M | $692.3M | $671.2M | $594.4M | $557.8M | $473.0M |
| Goodwill | $43.2M | $43.2M | $43.1M | $43.3M | $45.1M | $45.2M | $46.1M | $46.3M | $35.6M | $35.6M |
| Other intangibles | — | — | — | $765.0K | $7.8M | $10.2M | $12.6M | $15.0M | — | — |
| Total assets | $2.27B | $2.02B | $2.01B | $1.81B | $1.71B | $1.66B | $1.30B | $1.22B | $1.18B | $1.10B |
| Accounts payable | $506.9M | $486.0M | $453.2M | $408.4M | $388.8M | $373.2M | $286.2M | $255.7M | $272.2M | $267.2M |
| Short-term debt | $38.7M | $35.9M | $20.2M | $33.7M | $19.4M | $19.4M | $25.9M | $14.9M | $18.4M | $14.6M |
| Total current liabilities | $726.3M | $680.1M | $634.5M | $579.5M | $533.6M | $568.3M | $407.5M | $349.4M | $363.4M | $367.9M |
| Long-term debt | $147.9M | $94.4M | $119.5M | $103.6M | $110.1M | $112.6M | $63.7M | $87.7M | $87.9M | $73.5M |
| Total liabilities | $1.02B | $899.7M | $898.6M | $817.3M | $789.6M | $824.1M | $498.1M | $457.8M | $468.7M | $458.7M |
| Retained earnings | $999.4M | $890.3M | $817.6M | $736.9M | $658.9M | $582.5M | $525.8M | $474.0M | $420.9M | $351.1M |
| Total equity | $1.25B | $1.12B | $1.11B | $991.1M | $916.2M | $832.7M | $798.3M | $758.6M | $708.8M | $638.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $261.3M | $207.6M | $257.3M | $121.8M | $127.2M | $259.3M | $170.3M | $119.5M | $123.0M | $142.1M |
| Depreciation and amortisation | $88.2M | $82.6M | $72.7M | $67.9M | $65.0M | $61.2M | $55.0M | $52.6M | $46.3M | $39.8M |
| Stock-based compensation | $18.8M | $17.3M | $16.6M | $16.8M | $18.4M | $13.8M | $15.1M | $10.2M | $9.7M | $9.1M |
| Capital expenditure | $158.1M | $168.5M | $142.5M | $120.7M | $113.2M | $100.3M | $140.1M | $98.1M | $135.3M | $77.7M |
| Investing cash flow | -$128.9M | -$175.4M | -$222.1M | -$74.8M | -$116.7M | -$131.2M | -$124.7M | -$153.8M | -$135.2M | -$78.2M |
| Financing cash flow | $14.2M | -$150.0M | -$41.1M | -$12.2M | -$95.1M | $75.6M | -$32.0M | -$27.8M | -$22.0M | -$17.1M |
| Dividends paid | $38.7M | $66.2M | $28.5M | $26.6M | $22.0M | $21.5M | $21.7M | $21.2M | $21.3M | $21.3M |
| Buybacks | $6.7M | $73.5M | $12.9M | $6.3M | $5.5M | $3.7M | $4.6M | $3.2M | $3.2M | $3.3M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001041803-25-000060.
Others in SIC 5331
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|---|---|---|---|---|
| WMT | Walmart Inc. | $850.02B | 39.2x | 4.7% |
| COST | COSTCO WHOLESALE CORP /NEW | $406.11B | 50.3x | 8.2% |
| TGT | TARGET CORP | $74.70B | 20.2x | -1.7% |
| DG | DOLLAR GENERAL CORP | $29.39B | 19.4x | 5.2% |
| DLTR | DOLLAR TREE, INC. | $24.66B | 21.1x | 10.4% |
| FIVE | FIVE BELOW, INC | $13.88B | 39.0x | 22.9% |
| BJ | BJ's Wholesale Club Holdings, Inc. | $11.77B | 21.3x | 4.7% |
| OLLI | Ollie's Bargain Outlet Holdings, Inc. | $4.55B | 19.7x | 16.6% |