Pricesmart Inc filed its 10-K with the SEC, and its figures are now in our data. Revenue over the twelve months to Q4 2026 was $5.9 billion, rising 11.5% on the year before. That growth rate was up 1.3 percentage points on the rate a quarter earlier.
Source: SEC EDGAR XBRL company facts. Latest period shown: FY26 Q4.
View chart data
| Period | Revenue growth, TTM YoY | Operating margin (TTM) | FCF margin (TTM) |
|---|---|---|---|
| FY25 Q1 | 10.7% | 4.4% | 0.8% |
| FY25 Q2 | 8.6% | 4.4% | 1.5% |
| FY25 Q3 | 7.5% | 4.4% | 1.8% |
| FY25 Q4 | 7.2% | 4.4% | 2.0% |
| FY26 Q1 | 7.8% | 4.4% | 2.3% |
| FY26 Q2 | 8.8% | 4.5% | 1.5% |
| FY26 Q3 | 10.2% | 4.5% | 1.3% |
| FY26 Q4 | 11.5% | 4.4% | 1.6% |
The main points
Net income rose 12.6% over the year while free cash flow fell 6.6%, indicating reported profit and cash are moving at different speeds. Capital spending rose 33.6%, faster than operating cash flow’s 17.8%, so less of the cash generated was left over.
Profitability
Reported profit is running well ahead of the cash. The trailing gross margin was 17.7%. The trailing operating margin was 4.4%, up 0.0 percentage points from a year earlier. Alongside that, the trailing net margin was 2.8%. Net income over the twelve months was $166.6 million, which rose 12.6% on the year before.
The cash picture
Spending is outrunning the cash the business brings in, so less is left over. Operating cash flow over the twelve months was $307.7 million, up 17.8% on the year before. Capital spending was $211.3 million, or 3.6% of revenue. Free cash flow, operating cash flow less capital spending, was $96.4 million, down 6.6% on the year before. Free cash flow was 1.6% of revenue (the free-cash-flow margin), down 0.3 percentage points from a year earlier.
Shares outstanding
The average diluted share count rose 0.6% over the year.
How today compares
In the context of past results, today’s free-cash-flow margin of 1.6% is higher than 64% of the company’s own past quarterly readings, which have ranged from −1.0% to 4.8%. Today’s operating margin of 4.4% is higher than 52% of past readings (3.4% to 5.5%). Today’s twelve-month revenue growth rate of 11.5% is higher than 79% of past readings (1.8% to 22.6%).
What it means for value
For valuation, the figures matter through our model. In our model, growth 5 percentage points lower would lower the value by 23.4%, and 5 percentage points higher would raise it by 30.3%. A free-cash-flow margin 1 percentage point lower would lower it by 51.1%.
Next to watch
The next filing will show whether the trends above continue, slow or reverse.
