Walmart operates a large network of discount retail stores and membership warehouse clubs (Sam's Club) in the US and internationally. It sells groceries (its largest category at ~60% of US revenue), general merchandise, and a range of other consumer goods. Customers are everyday shoppers; Sam's Club serves members who pay an annual fee for access to bulk pricing. Revenue comes primarily from product sales in physical stores, supplemented by growing e-commerce. Key international markets are Mexico and India.
Employees2,100,000IPOMay 2, 2002SIC5331HQ1 Customer Drive, Bentonville, AR, USA, 72716
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Financials
Profitability
Metric
Current
Margins
Gross Margin
25.2%
Operating Margin
4.4%
EBITDA Margin
6.4%
Net Margin
3.0%
OCF Margin
5.8%
FCF Margin
1.8%
Returns on Capital
ROE
23.1%
ROA
7.7%
ROIC
11.6%
ROCE
18.2%
ROC (Greenblatt)
20.4%
3Y ROIIC
23.2%
Consistency
Years Profitable / 10Y
10
Valuation
Metric
Current
Earnings Multiples
P/E (TTM)
38.29
Forward P/E
35.79
P/E ex-NRI
37.47
Shiller P/E (CAPE)
52.21
Cash Flow Multiples
P/FCF
62.75
P/OCF
19.76
P/Owner Earnings
41.30
FCF Yield
1.61%
Enterprise Value Multiples
EV / EBIT
28.73
EV / Forward EBIT
26.39
EV / EBITDA
19.45
EV / Forward EBITDA
18.31
EV / Revenue
1.24
EV / Forward Revenue
1.20
Asset / Sales
P/S
1.15
P/B
8.57
P/Tangible Book
12.03
Growth-Adjusted
PEG
4.07
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.92%
Forward Dividend Yield
0.93%
3Y Dividend Growth
8.0%
Payout Ratio
0.34
5Y Yield on Cost
1.18%
Buybacks & Dilution
3Y Buyback Ratio
0.50%
Combined
Shareholder Yield
0.88%
Balance Sheet
Metric
Current
Leverage
Debt / Equity
0.75
Gross Debt / EBITDA
1.58
Cash / Debt
0.16
Equity / Assets
0.33
Coverage
Interest Coverage
13.71
Short-Term Liquidity
Current Ratio
0.77
Quick Ratio
0.23
Cash Ratio
0.10
Composite Scores
Piotroski F-Score
6
Altman Z-Score
5.91
Split History
Date
Split
2024-02-26
3:1
Ex-date
Amount
Pay date
2026-12-11
$0.2475
2027-01-04
2026-08-21
$0.2475
2026-09-08
2026-05-08
$0.2475
2026-05-26
2026-03-20
$0.2475
2026-04-06
2025-12-12
$0.235
2026-01-05
2025-08-15
$0.235
2025-09-02
2025-05-09
$0.235
2025-05-27
2025-03-21
$0.235
2025-04-07
2024-12-13
$0.2075
2025-01-06
2024-08-16
$0.2075
2024-09-03
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View allDate
Transcript
Type
2026-09-09
Walmart Inc at Goldman Sachs Communacopia + Technology Conference Transcript
Conference Presentations
2026-08-20
Q2 2027 Walmart Inc Earnings Call Transcript
Earnings Call
2026-06-10
Walmart Inc at Evercore ISI Consumer & Retail Conference Transcript
Conference Presentations
2026-06-09
Walmart Inc at Oppenheimer Consumer Growth & E-Commerce Conference Transcript
Conference Presentations
2026-06-04
Walmart Inc Annual Shareholders Meeting Transcript
Shareholders and Annual Meetings
2026-05-21
Q1 2027 Walmart Inc Earnings Call Transcript
Earnings Call
2026-04-08
Walmart Inc at JPMorgan Retail Round Up Transcript
Conference Presentations
2026-02-19
Q4 2026 Walmart Inc Earnings Call Transcript
Earnings Call
2025-11-20
Q3 2026 Walmart Inc Earnings Call Transcript
Earnings Call
2025-08-21
Q2 2026 Walmart Inc Earnings Call Transcript
Earnings Call
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5-Step DuPont Analysis
ROE %
23.44%
×
×
Net Margin %
3.00%
×
×
Operating Margin %
4.39%
Operating Income
$32.28B
÷
Revenue
$735.84B
×
Tax Burden
0.7530
Net Income
$22.08B
÷
Pretax Income
$29.32B
×
Interest Burden
0.9082
Pretax Income
$29.32B
÷
Operating Income
$32.28B
×
Asset Turnover
2.61
÷
Revenue
$735.84B
÷
Average Total Assets
$282.38B
Begin Total Assets
$270.84B
End Total Assets
$293.91B
×
Equity Multiplier
3.00
÷
Avg Total Assets
$282.38B
÷
Avg Stockholders Equity
$94.17B
Begin Equity
$90.11B
End Equity
$98.24B