Walmart operates a global network of discount retail stores and membership warehouse clubs. In the U.S., it runs roughly 4,600 Walmart stores selling groceries (about 60% of U.S. revenue), general merchandise, and pharmacy products to everyday consumers at low prices. Sam's Club (~600 locations) is a members-only warehouse format that charges annual membership fees on top of merchandise sales. Internationally, operations are concentrated in Mexico, with additional presence in India and other markets. Revenue comes almost entirely from product sales, with smaller contributions from membership fees and advertising. Customers are primarily everyday shoppers seeking low prices on groceries and household goods.
Employees2,100,000IPOOct 1, 1970SIC5331HQ1 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)
42.89
Forward P/E
40.12
P/E ex-NRI
41.98
Shiller P/E (CAPE)
58.49
Cash Flow Multiples
P/FCF
70.30
P/OCF
22.14
P/Owner Earnings
46.27
FCF Yield
1.43%
Enterprise Value Multiples
EV / EBIT
31.94
EV / Forward EBIT
29.34
EV / EBITDA
21.63
EV / Forward EBITDA
20.34
EV / Revenue
1.38
EV / Forward Revenue
1.33
Asset / Sales
P/S
1.29
P/B
9.60
P/Tangible Book
13.49
Growth-Adjusted
PEG
4.56
Capital Returns
Metric
Current
Dividends
Dividend Yield (TTM)
0.82%
Forward Dividend Yield
0.83%
3Y Dividend Growth
8.0%
Payout Ratio
0.34
5Y Yield on Cost
1.17%
Buybacks & Dilution
3Y Buyback Ratio
0.50%
Combined
Shareholder Yield
0.78%
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
5.94
Split History
Date
Split
2024-02-26
3:1
1999-04-20
2:1
1993-02-26
2:1
1990-07-09
2:1
1987-07-13
2:1
1985-10-07
2:1
1983-07-11
2:1
1982-07-12
2:1
1980-12-17
2:1
1975-08-25
2:1
1972-03-20
2:1
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
Top institutional holders
Q2 2026| Holder | Shares | Chg. shares | |
|---|---|---|---|
| BlackRock, Inc. | 354.2M | +1.1M | $40.12B |
| VANGUARD CAPITAL MANAGEMENT LLC | 286.4M | +1.5M | $32.43B |
| STATE STREET CORP | 188.0M | +2.1M | $21.30B |
| Invesco Ltd. | 148.5M | +45.9M | $16.81B |
| GEODE CAPITAL MANAGEMENT, LLC | 106.4M | +593.6K | $12.00B |
| JPMORGAN CHASE & CO | 96.3M | -26.2M | $11.04B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 94.8M | +1.1M | $10.73B |
| MORGAN STANLEY | 88.3M | +2.4M | $10.00B |
| BANK OF AMERICA CORP /DE/ | 65.8M | -21.1K | $7.46B |
| NORGES BANK | 57.4M | new | $6.50B |
10 of 4,447
View allTop insider holdings
as reported| Insider | Shares held | |
|---|---|---|
| Walton Family Holdings Trust10% owner | 499.8M | $59.39B |
| Kumar SureshOfficer | 1.8M | $213.69M |
| McLay Kathryn J.Officer | 924.6K | $109.85M |
| Furner John R.Officer | 634.8K | $75.42M |
| Bartlett Daniel JOfficer | 618.4K | $73.47M |
| Rainey John DOfficer | 576.9K | $68.54M |
| Nicholas Christopher JamesOfficer | 563.4K | $66.93M |
| WALTON JIM C10% owner | — | — |
| WALTON ALICE L10% owner | — | — |
| WALTON S ROBSON10% owner | — | — |
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View allRecent insider activity
through Oct 15, 2026| Insider | Action | Shares | Date | |
|---|---|---|---|---|
| Nicholas Christopher JamesOfficer | Open-Market or Private Sale | -1.6K | $192.5K | Oct 15, 2026 |
| Nicholas Christopher JamesOfficer | Open-Market or Private Sale | -1.3K | $157.2K | Oct 15, 2026 |
| Furner John R.Officer | Open-Market or Private Sale | -7.1K | $853.0K | Oct 15, 2026 |
| Furner John R.Officer | Open-Market or Private Sale | -6.0K | $729.9K | Oct 15, 2026 |
| Watkins LatrieceOfficer | Open-Market or Private Sale | -5.0K | $575.0K | Oct 14, 2026 |
| Milum Dwayne MOfficer | Tax Withholding | -122 | $12.8K | Oct 6, 2026 |
| Guggina David WOfficer | Tax Withholding | -118 | $12.4K | Oct 6, 2026 |
| Dallaire SethOfficer | Tax Withholding | -387 | $40.6K | Oct 6, 2026 |
| Watkins LatrieceOfficer | Tax Withholding | -227 | $23.9K | Oct 6, 2026 |
| Bartlett Daniel JOfficer | Open-Market or Private Sale | -4.0K | $416.6K | Oct 1, 2026 |
10 of 6,342
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