Walmart Inc.
WMT· Nasdaq· Retail-Variety Stores
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- 2.1%
- ROIC, 5 yr avg
- 16.8%
- Revenue, 5 yr CAGR
- +4.9%
We record prices for the companies we cover; WMT is not one of them yet.
Company statistics
Profile · FY2026
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 8.02B
- Revenue
- $706.4B
- Free cash flow
- $14.9B
- Owner earnings
- $11.3B
Valuation · FY2026
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2026
- Gross
- –
- Operating
- 4.2%
- Net
- 3.1%
- Free cash flow
- 2.1%
- Owner earnings
- 1.6%
- Stock pay
- 0.5%
Returns
- ROIC, FY2026
- 16.9%
- ROIC, 5 yr avg
- 16.8%
- ROE, FY2026
- 22.0%
- ROE, 5 yr avg
- 18.7%
Growth (CAGR)
- Revenue, 3 yr
- 5.3%
- Revenue, 5 yr
- 4.9%
- Revenue, 9 yr
- 4.4%
- Diluted EPS, 3 yr
- 24.3%
- Diluted EPS, 5 yr
- 11.5%
- Diluted EPS, 9 yr
- 7.2%
- Free cash flow, 3 yr
- 7.6%
- Free cash flow, 5 yr
- -10.4%
- Free cash flow, 9 yr
- -3.8%
Financial health · FY2026
- Cash and investments
- $10.7B
- Total debt
- $44.8B
- Net debt
- $34.0B
- Debt/Equity
- 0.4x
- Debt/FCF
- 3.0x
Shareholder returns · FY2026
- Dividend yield
- –
- Payout ratio
- 34.3%
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- -1.2%
Financials: ten years from the 10-Ks
Revenue
$706.4B
+4.4% a year over 9 years
FY2017FY2026
Margins
Operating4.2%Net3.1%
FY2026
FY2017FY2026
Free cash flow and owner earnings
Free cash flow$14.9BOwner earnings$11.3B
Free cash flow -3.8% a year
FY2017FY2026
Diluted shares
8.02B
-14.1% over 9 years, net buybacks
FY2017FY2026
Return on invested capital
16.9%
FY2026
FY2017FY2026
Net debt (below zero)
-$34.0B
$34.0B more debt than cash
FY2017FY2026
Every figure, year by year
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $481.3B | $495.8B | $510.3B | $519.9B | $555.2B | $567.8B | $605.9B | $642.6B | $674.5B | $706.4B |
| Revenue growth | -0.2% | 3.0% | 2.9% | 1.9% | 6.8% | 2.3% | 6.7% | 6.1% | 5.0% | 4.7% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 4.7% | 4.1% | 4.3% | 4.0% | 4.1% | 4.6% | 3.4% | 4.2% | 4.4% | 4.2% |
| Net income | $13.6B | $9.9B | $6.7B | $14.9B | $13.5B | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B |
| Net margin | 2.8% | 2.0% | 1.3% | 2.9% | 2.4% | 2.4% | 1.9% | 2.4% | 2.9% | 3.1% |
| Diluted EPS | $1.46s | $1.09s | $0.75s | $1.73s | $1.58s | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Return on invested capital? | 14.4% | 12.9% | 11.9% | 13.5% | 14.0% | 18.2% | 12.6% | 17.6% | 18.6% | 16.9% |
| Cash | ||||||||||
| Operating cash flow | $31.7B | $28.3B | $27.8B | $25.3B | $36.1B | $24.2B | $28.8B | $35.7B | $36.4B | $41.6B |
| Capital expenditure | $10.6B | $10.1B | $10.3B | $10.7B | $10.3B | $13.1B | $16.9B | $20.6B | $23.8B | $26.6B |
| Free cash flow | $21.1B | $18.3B | $17.4B | $14.6B | $25.8B | $11.1B | $12.0B | $15.1B | $12.7B | $14.9B |
| Stock-based compensation | $596.0M | $626.0M | $773.0M | $854.0M | $1.2B | $1.2B | $1.6B | $2.1B | $2.8B | $3.6B |
| Owner earnings? | $20.5B | $17.7B | $16.6B | $13.7B | $24.6B | $9.9B | $10.4B | $13.0B | $9.9B | $11.3B |
| Free cash flow per share | $2.26 | $2.03 | $1.97 | $1.69 | $3.02 | $1.32 | $1.46 | $1.86 | $1.57 | $1.86 |
| Capital allocation | ||||||||||
| Dividends paid | $6.2B | $6.1B | $6.1B | $6.0B | $6.1B | $6.2B | $6.1B | $6.1B | $6.7B | $7.5B |
| Share repurchases | $8.3B | $8.3B | $7.4B | $5.7B | $2.6B | $9.8B | $9.9B | $2.8B | $4.5B | $8.1B |
| Diluted shares | 9.34Bs | 9.03Bs | 8.84Bs | 8.60Bs | 8.54Bs | 8.41B | 8.20B | 8.11B | 8.08B | 8.02B |
| Share count change? | -3.3% | -3.3% | -2.2% | -2.6% | -0.7% | -1.5% | -2.5% | -1.1% | -0.3% | -0.7% |
| Balance sheet | ||||||||||
| Cash and equivalents | $6.9B | $6.8B | $7.7B | $9.5B | $17.7B | $14.8B | $8.6B | $9.9B | $9.0B | $10.7B |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | $39.4B | $39.0B | $50.6B | $49.7B | $44.5B | $38.1B | $39.2B | $40.5B | $39.1B | $44.8B |
| Net debt | $32.5B | $32.3B | $42.9B | $40.2B | $26.8B | $23.3B | $30.6B | $30.6B | $30.0B | $34.0B |
| Shareholders' equity | $77.8B | $77.9B | $72.5B | $74.7B | $80.9B | $83.3B | $76.7B | $83.9B | $91.0B | $99.6B |
Latest filings
| 2026-08-28 | 10-Q | Quarterly report |
| 2026-08-20 | 8-K | Earnings release |
| 2026-05-29 | 10-Q | Quarterly report |
| 2026-05-21 | 8-K | Earnings release |
| 2026-04-23 | DEF 14A | Proxy statement |
| 2026-03-13 | 10-K | Annual report |
| 2026-02-19 | 8-K | Earnings release |
| 2025-12-03 | 10-Q | Quarterly report |
| 2025-11-20 | 8-K | Earnings release |
| 2025-08-29 | 10-Q | Quarterly report |
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