Walmart Inc.

WMTNASDAQ

$122.27

Last price · USD

Market cap: $980.8B
P/E: 44.8x
EV / EBITDA: 22.3x
P/S: 1.4x
FCF yield: 1.5%
Div. yield: 0.77%

Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.

Walmart Inc. key metrics & ratios

Annual · USD millions except per-share data · 35 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Growth (year over year)
Revenue growth	4.7%	5.1%	6.0%	6.7%	—	—
Operating income growth	1.6%	8.6%	32.2%	-21.3%	—	—
Net income growth	12.6%	25.3%	32.8%	-14.6%	—	—
EPS (diluted) growth	13.3%	26.2%	34.5%	-12.3%	—	—
Free cash flow growth	17.9%	-16.3%	26.2%	8.2%	—	—
Margins
Gross margin	24.9%	24.9%	24.4%	24.1%	25.1%	—
Operating margin	4.2%	4.3%	4.2%	3.3%	4.5%	—
EBITDA margin	6.5%	6.2%	5.6%	4.9%	5.5%	—
Net margin	3.1%	2.9%	2.4%	1.9%	2.4%	—
FCF margin	2.1%	1.9%	2.3%	2.0%	1.9%	—
Returns on capital
Return on equity	22.0%	21.4%	18.5%	15.2%	16.4%	—
Return on assets	7.7%	7.5%	6.1%	4.8%	5.6%	—
Return on invested capital	14.4%	15.8%	14.9%	10.7%	15.4%	—
Leverage & liquidity
Debt / equity	0.67x	0.66x	0.73x	0.77x	0.69x	—
Net debt / EBITDA	1.21x	1.22x	1.41x	1.67x	1.36x	—
Current ratio	0.79x	0.82x	0.83x	0.82x	0.93x	—
Interest coverage	10.66x	10.76x	10.07x	9.60x	13.01x	—
Profitability & operating
EBIT	32,268	29,037	24,531	19,144	20,690	+11.8%
EBITDA	46,471	42,010	36,384	30,089	31,348	+10.3%
Operating income	29,825	29,348	27,012	20,428	25,942	+3.5%
Income before tax	29,469	26,309	21,848	17,016	18,696	+12.0%
Net income	21,893	19,436	15,511	11,680	13,673	+12.5%
Earnings per share
EPS (basic)	$2.74	$2.42	$1.92	$1.43	$1.63	+13.9%
EPS (diluted)	$2.73	$2.41	$1.91	$1.42	$1.62	+13.9%
Share count (millions)
Weighted avg shares outstanding	7,983	8,041	8,077	8,172	8,376	-1.2%
Weighted avg shares outstanding (diluted)	8,022	8,081	8,109	8,202	8,415	-1.2%
Balance sheet highlights
Net debt	56,368	51,077	51,454	50,298	42,563	+7.3%
Total debt	67,095	60,114	61,321	58,923	57,323	+4.0%
Total stockholders' equity	99,617	91,013	83,861	76,693	83,253	+4.6%
Total assets	284,668	260,823	252,399	243,197	244,860	+3.8%
Cash flow highlights
Free cash flow	14,923	12,660	15,120	11,984	11,075	+7.7%
Operating cash flow	41,565	36,443	35,726	28,841	24,181	+14.5%
Capital expenditure	(26,642)	(23,783)	(20,606)	(16,857)	(13,106)	—
Net cash from operating activities	41,565	36,443	35,726	28,841	24,181	+14.5%
Additional fields
Accrued Expenses	24,136	23,087	22,636	25,213	20,254	+4.5%

Walmart Inc.

WMTNASDAQ

$122.27

Last price · USD

Market cap: $980.8B
P/E: 44.8x
EV / EBITDA: 22.3x
P/S: 1.4x
FCF yield: 1.5%
Div. yield: 0.77%

Multiples use last price and FY2026 annual figures. Market cap estimated from diluted shares.

Walmart Inc. key metrics & ratios

Annual · USD millions except per-share data · 35 lines

Fiscal year	2026latest	2025	2024	2023	2022	CAGR
Growth (year over year)
Revenue growth	4.7%	5.1%	6.0%	6.7%	—	—
Operating income growth	1.6%	8.6%	32.2%	-21.3%	—	—
Net income growth	12.6%	25.3%	32.8%	-14.6%	—	—
EPS (diluted) growth	13.3%	26.2%	34.5%	-12.3%	—	—
Free cash flow growth	17.9%	-16.3%	26.2%	8.2%	—	—
Margins
Gross margin	24.9%	24.9%	24.4%	24.1%	25.1%	—
Operating margin	4.2%	4.3%	4.2%	3.3%	4.5%	—
EBITDA margin	6.5%	6.2%	5.6%	4.9%	5.5%	—
Net margin	3.1%	2.9%	2.4%	1.9%	2.4%	—
FCF margin	2.1%	1.9%	2.3%	2.0%	1.9%	—
Returns on capital
Return on equity	22.0%	21.4%	18.5%	15.2%	16.4%	—
Return on assets	7.7%	7.5%	6.1%	4.8%	5.6%	—
Return on invested capital	14.4%	15.8%	14.9%	10.7%	15.4%	—
Leverage & liquidity
Debt / equity	0.67x	0.66x	0.73x	0.77x	0.69x	—
Net debt / EBITDA	1.21x	1.22x	1.41x	1.67x	1.36x	—
Current ratio	0.79x	0.82x	0.83x	0.82x	0.93x	—
Interest coverage	10.66x	10.76x	10.07x	9.60x	13.01x	—
Profitability & operating
EBIT	32,268	29,037	24,531	19,144	20,690	+11.8%
EBITDA	46,471	42,010	36,384	30,089	31,348	+10.3%
Operating income	29,825	29,348	27,012	20,428	25,942	+3.5%
Income before tax	29,469	26,309	21,848	17,016	18,696	+12.0%
Net income	21,893	19,436	15,511	11,680	13,673	+12.5%
Earnings per share
EPS (basic)	$2.74	$2.42	$1.92	$1.43	$1.63	+13.9%
EPS (diluted)	$2.73	$2.41	$1.91	$1.42	$1.62	+13.9%
Share count (millions)
Weighted avg shares outstanding	7,983	8,041	8,077	8,172	8,376	-1.2%
Weighted avg shares outstanding (diluted)	8,022	8,081	8,109	8,202	8,415	-1.2%
Balance sheet highlights
Net debt	56,368	51,077	51,454	50,298	42,563	+7.3%
Total debt	67,095	60,114	61,321	58,923	57,323	+4.0%
Total stockholders' equity	99,617	91,013	83,861	76,693	83,253	+4.6%
Total assets	284,668	260,823	252,399	243,197	244,860	+3.8%
Cash flow highlights
Free cash flow	14,923	12,660	15,120	11,984	11,075	+7.7%
Operating cash flow	41,565	36,443	35,726	28,841	24,181	+14.5%
Capital expenditure	(26,642)	(23,783)	(20,606)	(16,857)	(13,106)	—
Net cash from operating activities	41,565	36,443	35,726	28,841	24,181	+14.5%
Additional fields
Accrued Expenses	24,136	23,087	22,636	25,213	20,254	+4.5%