A Business at a Glance
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Walmart Inc.
WMT
$877.9B
Mkt Cap
$109.47
+0.99%
Walmart Inc. (WMT) has a current P/E ratio of 40.1, compared to its historical median P/E of 28.7. The stock is currently considered Expensive based on its historical valuation range.
Walmart Inc. (WMT) has a 5-year average return on invested capital (ROIC) of 17.4%. This indicates strong capital allocation and a potential competitive advantage.
Walmart Inc. (WMT) has a market capitalization of $875.7B. It is classified as a mega-cap stock.
Yes, Walmart Inc. (WMT) pays a dividend with a trailing twelve-month yield of 0.87%. The company also returns capital through share buybacks, with a buyback yield of 0.64%.
Based on historical P/E analysis, Walmart Inc. (WMT) appears expensive. The current P/E of 40.1 is 40% above its historical median of 28.7. The estimated fair value CAGR (P/E method) is 11.0%.
Walmart Inc. (WMT) operates in the Retail-Variety Stores industry, within the Consumer Defensive sector.
Walmart Inc. (WMT) reported annual revenue of $713.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
Walmart Inc. is a people-led, technology-powered omnichannel retailer serving approximately 280 million customers weekly across more than 10,900 stores in 19 countries and through eCommerce websites and mobile applications. The company operates three reportable segments: Walmart U.S. (4,611 stores, 68% of net sales), Walmart International (5,743 stores across 18 countries, 19% of net sales), and Sam's Club U.S. (601 membership-only warehouse clubs, 13% of net sales). Walmart U.S. operates as a mass merchandiser offering grocery, general merchandise, and health and wellness products under the Walmart and Walmart Neighborhood Market brands, with omnichannel capabilities including same-day pickup and delivery from substantially all stores and a Walmart+ membership program providing unlimited free shipping and delivery benefits. Walmart International operates supercenters, supermarkets, warehouse clubs, and eCommerce platforms across markets including Canada, Mexico, Chile, China, India, and Africa, leveraging both global private brands and market-specific offerings. Sam's Club U.S. operates as a membership-only warehouse club with two membership tiers ($50 annual Club and $110 annual Plus) offering merchandise across grocery, general merchandise, health and wellness, and fuel categories, with omnichannel services including curbside pickup, delivery, and mobile checkout. The company's business model centers on everyday low prices (EDLP) and everyday low cost (EDLC) principles, with revenue increasingly diversified through alternative profit streams including advertising solutions, marketplace and fulfillment services, membership income, and financial services, which together represent a significant and growing portion of operating profit.
【Digital momentum and margin expansion】 Management expects continued strong eCommerce growth as a primary driver of enterprise sales expansion, with omnichannel capabilities and fast delivery from stores and clubs supporting customer engagement and membership utility. Operating income is expected to grow faster than sales through favorable business mix driven by advertising, membership, marketplace, and fulfillment services, alongside automation benefits and productivity improvements in supply chain and store operations. The company is navigating a dynamic cost environment including tariff impacts and elevated fuel costs, with management maintaining confidence in its financial framework while balancing share gains with strategic investments in associates, supply chain automation, stores, and artificial intelligence capabilities. Management expects continued margin expansion from business mix benefits, though merchandise category mix is anticipated to remain a headwind, and the company is positioned to outperform guidance based on historical execution patterns.
| Metric | Target | Period |
|---|---|---|
| Constant currency sales growth | 4.8%-5.1% | FY2027 (full year) |
| Constant currency operating income growth | 4.8%-5.5% | FY2027 (full year) |
| Adjusted EPS | $2.58-$2.63 | FY2027 (full year) |
| Q4 FY2027 constant currency sales growth | 3.75%-4.75% | Q4 FY2027 |
| Q4 FY2027 constant currency operating income growth | 8%-11% | Q4 FY2027 |
| Q4 FY2027 Adjusted EPS | $0.67-$0.72 | Q4 FY2027 |
| Capital expenditure | approximately 3.5% of sales | FY2027 |
Constant currency sales growth (FY2027 (full year)): “Full-year sales in Constant Currency is expected to grow between 4.8% and 5.1%, up from 3.75%-4.75% prior.”
Constant currency operating income growth (FY2027 (full year)): “For operating income, we expect full-year growth in a range of 4.8%-5.5% on a Constant Currency basis”
Adjusted EPS (FY2027 (full year)): “For Adjusted EPS, we expect the full year to be in a range of $2.58-$2.63”
Q4 FY2027 constant currency sales growth (Q4 FY2027): “Fourth quarter Constant Currency sales guidance is for growth of 3.75%-4.75%.”
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2027 Earnings Call, Q3 FY2027 Earnings Call, Q2 FY2027 Earnings Call, Q1 FY2027 Earnings Call
| Metric | TTM | FY2026 | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|---|---|
| Revenue | 725.3B | 713.2B | 681.0B | 648.1B | 611.3B | 572.8B |
| Net Income | 22.7B | 21.9B | 19.4B | 15.5B | 11.7B | 13.7B |
| EPS | $2.83 | $2.73 | $2.41 | $0.64 | $0.47 | $0.54 |
| Free Cash Flow | 12.6B | 14.9B | 12.7B | 15.1B | 12.0B | 11.1B |
| ROIC | 16.8% | 17.9% | 19.4% | 18.5% | 12.8% | 18.3% |
| Gross Margin | - | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% |
| Debt/Equity | 0.55 | 0.45 | 0.43 | 0.48 | 0.51 | 0.46 |
| Dividends/Share | $0.95 | $0.94 | $0.83 | $0.25 | $0.25 | $0.24 |
| Operating Income | 30.2B | 29.8B | 29.3B | 27.0B | 20.4B | 25.9B |
| Operating Margin | 4.2% | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% |
| ROE | 24.1% | 23.0% | 22.2% | 19.3% | 14.6% | 16.7% |
| Shares Outstanding | 7,999M | 8,019M | 8,065M | 24,363M | 24,676M | 25,320M |
Walmart Inc. passes 4 of 9 quality checks, suggesting mixed fundamentals.
Walmart Inc. trades at 40.1x trailing earnings, compared to its 15-year median P/E of 28.7x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 58.5x vs a median of 41.3x. The company's 5-year average ROIC is 17.4% with a gross margin of 24.7%. Total shareholder yield (dividends + buybacks) is 1.5%. At current prices, the estimated annualized return to fair value is -2.9%.
Walmart Inc. (WMT) has a net profit margin of 3.1%. This is a modest margin.
Walmart Inc. (WMT) generated $14.9 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Walmart Inc. (WMT) has a debt-to-equity ratio of 0.45. This indicates a conservatively financed balance sheet.
Walmart Inc. (WMT) reported earnings per share (EPS) of $2.73 in its most recent fiscal year.
Walmart Inc. (WMT) has a return on equity (ROE) of 23.0%. This indicates the company generates strong returns for shareholders.
Walmart Inc. (WMT) has a 5-year average gross margin of 24.7%. This lower margin is typical of capital-intensive or commodity businesses.
The Ledger Terminal provides 19 years of financial data for Walmart Inc. (WMT), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Walmart Inc. (WMT) has a book value per share of $12.42, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management expects continued strong eCommerce growth as a primary driver of enterprise sales expansion, with omnichannel capabilities and fast delivery from stores and clubs supporting customer engagement and membership utility. Operating income is expected to grow faster than sales through favorable business mix driven by advertising, membership, marketplace, and fulfillment services, alongside automation benefits and productivity improvements in supply chain and store operations. The company is navigating a dynamic cost environment including tariff impacts and elevated fuel costs, with management maintaining confidence in its financial framework while balancing share gains with strategic investments in associates, supply chain automation, stores, and artificial intelligence capabilities. Management expects continued margin expansion from business mix benefits, though merchandise category mix is anticipated to remain a headwind, and the company is positioned to outperform guidance based on historical execution patterns.
Based on recent SEC filings and earnings calls, Walmart Inc. (WMT) has provided the following forward guidance: Constant currency sales growth: 4.8%-5.1% (FY2027 (full year)); Constant currency operating income growth: 4.8%-5.5% (FY2027 (full year)); Adjusted EPS: $2.58-$2.63 (FY2027 (full year)); Q4 FY2027 constant currency sales growth: 3.75%-4.75% (Q4 FY2027); Q4 FY2027 constant currency operating income growth: 8%-11% (Q4 FY2027), plus 2 additional metrics.
Q4 FY2027 constant currency operating income growth (Q4 FY2027): “with Q4 growth in a range of 8%-11%”
Q4 FY2027 Adjusted EPS (Q4 FY2027): “with Q4 in a range of $0.67-$0.72”
Capital expenditure (FY2027): “For FY 27, we expect capital expenditure levels to be approximately 3.5% of sales.”