PriceSmart (PSMT) financial statements
PriceSmart reported revenue of $5.3B in fiscal 2025, up 6.8% a year over 9 years.
Net income was $148M and the operating margin 4.4%, against 4.7% in 2016.
Free cash flow was $103M, and the company returned $39M in dividends and $7M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from PriceSmart's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $2.9B | $3.0B | $3.2B | $3.2B | $3.3B | $3.6B | $4.1B | $4.4B | $4.9B | $5.3B |
| Cost of revenue | $2.4B | $2.5B | $2.7B | $2.7B | $2.8B | — | — | $3.7B | $4.1B | $4.4B |
| Gross profit | — | — | — | — | — | — | — | $759M | $847M | $914M |
| Selling, general and admin | $64M | $70M | $88M | $101M | $107M | $125M | $133M | $135M | $156M | $180M |
| Operating income | $137M | $136M | $126M | $115M | $122M | $158M | $167M | $185M | $221M | $233M |
| Interest expense | $6M | $7M | $5M | $4M | $8M | $7M | $10M | $11M | $13M | $12M |
| Pre-tax income | $131M | $133M | $123M | $111M | $116M | $147M | $156M | $169M | $201M | $206M |
| Income tax | $43M | $42M | $48M | $38M | $38M | $49M | $52M | $60M | $63M | $59M |
| Net income | $89M | $91M | $74M | $73M | $78M | $98M | $105M | $109M | $139M | $148M |
| EPS (diluted) | $2.92 | $2.98 | $2.44 | $2.40 | $2.55 | $3.18 | $3.38 | $3.50 | $4.57 | $4.82 |
| Diluted shares | 30M | 30M | 30M | 30M | 30M | 30M | 31M | 31M | 30M | 30M |
| Gross margin | — | — | — | — | — | — | — | 17.2% | 17.2% | 17.4% |
| Operating margin | 4.7% | 4.5% | 4.0% | 3.6% | 3.7% | 4.4% | 4.1% | 4.2% | 4.5% | 4.4% |
| Net margin | 3.1% | 3.0% | 2.3% | 2.3% | 2.3% | 2.7% | 2.6% | 2.5% | 2.8% | 2.8% |
Balance sheet
Fiscal years, from PriceSmart's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $200M | $162M | $126M | $120M | $346M | $252M | $249M | $331M | $226M | $314M |
| Receivables | $7M | $6M | $9M | $10M | $13M | $12M | $13M | $18M | $19M | $17M |
| Inventory | $283M | $311M | $321M | $331M | $310M | $390M | $464M | $471M | $529M | $561M |
| Total current assets | $513M | $510M | $488M | $492M | $699M | $697M | $774M | $877M | $832M | $974M |
| Property, plant and equipment | $473M | $558M | $594M | $671M | $692M | $730M | $757M | $850M | $936M | $996M |
| Goodwill | $36M | $36M | $46M | $46M | $45M | $45M | $43M | $43M | $43M | $43M |
| Total assets | $1.1B | $1.2B | $1.2B | $1.3B | $1.7B | $1.7B | $1.8B | $2.0B | $2.0B | $2.3B |
| Total current liabilities | $368M | $363M | $349M | $407M | $568M | $534M | $579M | $634M | $680M | $726M |
| Long-term debt | $74M | $88M | $88M | $64M | $113M | $110M | $104M | $119M | $94M | $148M |
| Total liabilities | $459M | $469M | $458M | $498M | $824M | $790M | $817M | $899M | $900M | $1.0B |
| Shareholders' equity | $638M | $709M | $758M | $797M | $832M | $915M | $991M | $1.1B | $1.1B | $1.2B |
| Net debt | -$111M | -$56M | $9M | -$13M | -$167M | -$73M | -$100M | -$100M | $5M | -$54M |
Cash flow
Fiscal years, from PriceSmart's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $142M | $123M | $119M | $170M | $259M | $127M | $122M | $257M | $208M | $261M |
| Capital spending | $78M | $135M | $98M | $140M | $100M | $113M | $121M | $143M | $169M | $158M |
| Free cash flow | $64M | -$12M | $21M | $30M | $159M | $14M | $1M | $115M | $39M | $103M |
| Stock-based compensation | $9M | $10M | $10M | $15M | $14M | $18M | $17M | $17M | $17M | $19M |
| Dividends paid | $21M | $21M | $21M | $22M | $22M | $22M | $27M | $29M | $66M | $39M |
| Share buybacks (net) | — | — | — | — | — | — | -$6M | -$13M | -$73M | -$7M |
| Net borrowing | -$2M | $18M | -$4M | -$13M | $43M | -$2M | $8M | $3M | -$10M | $56M |
| Free cash flow margin | 2.2% | -0.4% | 0.7% | 0.9% | 4.8% | 0.4% | 0.0% | 2.6% | 0.8% | 2.0% |
| Dividends per share | $0.71 | $0.71 | $0.71 | $0.72 | $0.71 | $0.72 | $0.87 | $0.93 | $2.20 | $1.29 |
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Open PSMT in InvestinglyQuestions
What was PriceSmart's revenue in 2025?
$5.3B in fiscal 2025, from its 10-K filing.
How much free cash flow does PriceSmart generate?
$103M in fiscal 2025 (operating cash flow minus capital spending).
From PriceSmart's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.