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Walmart Inc. (WMT) USD

World’s largest retailer—supercenters, grocery, e-commerce, and marketplace logistics.

Sector: Consumer staples

US_WMT

Price chart

121.12 USDDay 2.82%

Key metrics

Net debt (table and EV/EBITDA): |short-term borrowings| + |long-term borrowings| + |other financial liabilities| when extracted + |non-controlling interest| when extracted − |cash and equivalents|; amounts in millions of the reporting currency.

Market

Price
121.12 USD · 2.82%
Market cap
965.2 bn USD

Growth

Δ revenue y/y
4.9%
Δ EBITDA y/y
23.5%

Multiples

P/E (LTM)
43.7x
3y avg: 37.3x
P/B (FY)
9.7x
P/E (ann.)
37.9x
EV/EBITDA (LTM)
21.7x
3y avg: 18.4x
EV/EBITDA (ann.)
19.3x

Cash return

Dividend yield
0.8%
FCF yield (LTM)
0.8%

Value creation

fundamental value/yr, % of market cap
Value created / year
+15.7%
↓ details

Liquidity

Daily turnover (US listing)
3.4 bln USD

Shares: yahoo_fundamentals_timeseries/WMT

Financial results

Monetary columns are in B USD, one decimal; scale (K/M/B/T) keeps values readable. For the period (default) shows P&L and cash flow for that row’s reporting window: quarterly amounts when the feed uses quarter-duration facts (typical US 10-Q revenue and income), quarterly cash flows after stripping YTD where only cumulative tags exist, and an implied Q4 on 31 Dec FY rows (P&L: FY minus Q1–Q3; operating / investing cash flow: FY 12m minus 9M YTD to 30 Sep when sourced from SEC builder evidence) so they match 10-Q scale. Some issuers still use cumulative YTD minus the prior row in the same calendar year. As reported shows values stored on each row (e.g. full-year on FY). Balance sheet is always as reported. Source JSON may use millions etc.; conversion uses amounts_unit per row.

DatePeriodStatusRevenueB USDOperating profitB USDD&AB USDEBITDAB USDNet profitB USDOperating CFB USDCapex + M&AB USDAssetsB USDEquityB USDROE (annualized)Net debtB USDSource
2026-07-31Q3 2026 (3M)OK186.1
y/y 4.9%
9.4
y/y 28.8%
3.9
y/y 12.6%
13.3
y/y 23.5%
6.4
y/y -9.4%
6.9-7.5293.9
y/y 8.5%
98.2
y/y 9.0%
26.4%62.2SEC EDGAR
2026-04-30Q2 2026 (3M)OK177.8
y/y 7.3%
7.5
y/y 5.0%
3.8
y/y 13.4%
11.3
y/y 7.7%
5.3
y/y 18.8%
4.7-6.7289.6
y/y 10.4%
94.3
y/y 12.6%
22.0%40.7Yahoo Finance
2026-01-31Q1 2026 (3M)OK190.7
y/y 5.6%
8.7
y/y 10.8%
3.7
y/y 10.9%
12.4
y/y 10.8%
4.2
y/y -19.4%
14.1-8.1284.7
y/y 9.1%
99.6
y/y 9.5%
22.4%56.4Link
2025-10-31Q4 2025 (3M)OK179.5
y/y 5.8%
6.7
y/y -0.2%
3.6
y/y 10.6%
10.3
y/y 3.4%
6.1
y/y 34.2%
9.1-7.2288.7
y/y 9.6%
96.1
y/y 9.1%
8.8%57.8Link
2025-07-31Q3 2025 (3M)OK177.4
y/y 4.8%
7.3
y/y -8.2%
3.5
y/y 8.6%
10.8
y/y -3.4%
7.0
y/y 56.1%
12.9-6.4270.8
y/y 6.4%
90.1
y/y 6.7%
32.3%55.6Link
2025-04-30Q2 2025 (3M)OK165.6
y/y 2.5%
7.1
y/y 4.3%
3.4
y/y 7.7%
10.5
y/y 5.4%
4.5
y/y -12.1%
5.4-5.0262.4
y/y 3.3%
83.8
y/y 3.1%
20.5%57.9Link
2025-01-31Q1 2025 (3M)OK180.6
y/y 4.1%
7.9
y/y 8.3%
3.4
y/y 8.2%
11.2
y/y 8.3%
5.3
y/y -4.4%
13.5-9.0260.8
y/y 3.3%
91.0
y/y 8.5%
21.7%51.1Link
2024-10-31Q4 2024 (3M)OK169.6
y/y 5.5%
6.7
y/y 8.2%
3.3
y/y 9.2%
10.0
y/y 8.5%
4.6
y/y 910.4%
6.6-6.2263.4
y/y 1.6%
88.1
y/y 10.9%
7.1%51.7Link
2024-07-31Q3 2024 (3M)OK169.3
y/y 4.8%
7.9
y/y 8.5%
3.2
y/y 10.5%
11.2
y/y 9.1%
4.5
y/y -43.0%
12.1-5.8254.4
y/y -0.3%
84.4
y/y 6.1%
21.7%52.5Link
2024-04-30Q2 2024 (3M)OK161.5
y/y 6.0%
6.8
y/y 9.6%
3.1
y/y 9.9%
10.0
y/y 9.7%
5.1
y/y 205.1%
4.2-4.7254.1
y/y 3.7%
81.3
y/y 12.3%
24.7%55.1Link
2024-01-31Q1 2024 (3M)OK173.4
y/y —
7.3
y/y —
3.1
y/y —
10.4
y/y —
5.5
y/y —
16.7-5.9252.4
y/y 3.8%
83.9
y/y 9.3%
19.0%51.5Link
2023-10-31Q4 2023 (3M)OK160.8
y/y —
6.2
y/y —
3.0
y/y —
9.2
y/y —
0.5
y/y —
0.8-5.5259.2
y/y —
79.5
y/y —
0.8%57.6Link
2023-07-31Q3 2023 (3M)OK161.6
y/y —
7.3
y/y —
2.9
y/y —
10.2
y/y —
7.9
y/y —
13.6-4.8255.1
y/y —
79.6
y/y —
41.5%50.9Link
2023-04-30Q2 2023 (3M)OK152.3
y/y —
6.2
y/y —
2.8
y/y —
9.1
y/y —
1.7
y/y —
4.6-4.4245.1
y/y —
72.4
y/y —
9.0%53.3Link
2023-01-31FY 2023 (12M)OK611.3
y/y —
20.4
y/y —
10.9
y/y —
31.4
y/y —
11.7
y/y —
28.8-17.6243.2
y/y —
76.7
y/y —
—50.3Link

Net debt structure (leases included, IFRS 16) 2026-07-31

Short-term debt (incl. ST leases)16 543
Long-term debt (incl. LT leases)57 212
− Cash & equivalents11 529
Net debt62 226

Net debt / LTM EBITDA: 1.3x

Revenue & EBITDA

RevenueEBITDA

Quarterly values ($ mln)

0200 000400 000600 000800 0002023 FY2024 FY2025 FY2026 FY

Year-over-year change

0%10%20%30%2023 FY2024 FY2025 FY2026 FY

Cash flow

Operating and investing cash flow (OCF + ICF) ($ mln)

05 00010 00015 00020 0002023 FY2024 FY2025 FY2026 FY

Net debt / cash ($ mln)

020 00040 00060 0002023 FY2024 FY2025 FY2026 FY

Profit and cash

Profit is cash-backed
In a typical year of 2022–2026 operating cash flow came to 1.90x of reported net profit; after capex, 0.81x.
year20222023202420252026
cash flow / profit1.77x2.47x2.30x1.88x1.90x
accruals, % of assets-4.3%-7.1%-8.0%-6.5%-6.9%
Last twelve months (to 2026-07-31): 1.58x of profit came back as operating cash flow.
net debt / EBITDA 1.3x · EBIT covers interest 12.9x · capex 1.7x of depreciation · dividends 50% of free cash flow · share count -1.2% a year
Read from the reported annual statements: cash flow / profit is the median of the yearly operating cash flow over net profit for the years shown; accruals are (profit − operating cash flow) / assets, the classic gap between what was booked and what was collected. A gap can be growth in working capital, capitalised costs, revaluations or profit from associates — the panel points at it, the statements explain it. Not investment advice.

Research & reviews

Our earnings breakdowns and investment notes on this issuer.

All research →

Fundamental value creation

Value the company creates per year, as a % of market cap

Value created per year: +15.7%

How this was calculated
1. EBITDA growth (latest quarter YoY, annualised)
[EBITDA latest qtr − EBITDA year-ago qtr] × annualisation X (2026-07-31 vs 2025-07-31)
= (13 308 − 10 773) × 3.56
9 024
2. Current EV/EBITDA (LTM)
(Market cap + Net debt) ÷ EBITDA (LTM)
= (965 205 + 62 226) ÷ 47 373
21.7x
3. Target multiple
(Current EV/EBITDA + 12) ÷ 2
= (21.7 + 12) ÷ 2
16.8x
4. Cash flow (balance method, LTM)
Net-debt reduction + dividends + buybacks − equity issuance
= -6 643 + 3 847 + 2 888 − 0
92
4b. Share dilution (at market, LTM)
Share-count growth over the year × Market cap
= 0.1% × 965 205
−722
5. Value created per year
(EBITDA growth × Target multiple + Cash flow − Dilution) ÷ Market cap
= (9 024 × 16.8 + 92 − 722) ÷ 965 205
+15.7%

Amounts in millions of the reporting currency. EBITDA growth is the latest quarter vs the same quarter a year ago, annualised.

Caveats:

  • share-count dilution 0.1%/yr (valued at market: -722)

Revenue growth & acceleration

Growth steady →
Last-year revenue growth +5% vs +5% the year before — a -0.3 pp move. 3-year CAGR +5%.
revenue growth by year: 2024 +6% · 2025 +5% · 2026 +5%
The growth-acceleration signal behind the GARP+acceleration strategy — it favours companies whose revenue growth is speeding up and flags those slowing down (the second derivative of growth).

EV/EBITDA — daily history

Current 21.3x · 3-year 75th pct 21.3x

EV/EBITDA3-year 75th pct

Peer comparison

Group: Consumer staples. Each peer is shown as it trades and re-priced onto this company's market (US) by the ratio of our coverage medians.

CompanyMarketCap, $bnEV/EBITDAEV/EBITDA, adjusted
Indofood Sukses MakmurIndonesia3.21.9x7.8x
PEPSICO INCUS184.911.9x11.9x
Altria GroupUS123.613.0x13.0x
ITCIndia34.312.7x14.1x
Indofood CBP Sukses MakmurIndonesia3.93.7x15.1x
PROCTER & GAMBLE CoUS364.517.0x17.0x
Philip Morris International Inc.US307.219.2x19.2x
COCA COLA COUS398.727.0x27.0x
COSTCO WHOLESALE CORP /NEWUS443.230.1x30.1x
Hindustan UnileverIndia46.028.0x31.1x
Unilever IndonesiaIndonesia3.011.1x45.6x
Group median13.0x17.0x
Group average16.0x21.1x
This companyUS938.721.7x21.7x

Group median 13.0x as traded, 17.0x adjusted; this company 21.7x — a 28% premium.

Group average 16.0x as traded, 21.1x adjusted; against the average this company is at a 3% premium.

At the adjusted group median the market cap would be -23% versus today.

The gap and the implied upside are measured against the median: one richly priced peer moves an average, not a median. The market adjustment uses our coverage medians (US 20.9x, Russia 3.7x, South Africa 5.0x, Kazakhstan 4.7x, India 18.8x, Indonesia 5.1x); it is about where a name is listed, not what it does. Peer multiples come from the nightly rebuild of 2026-10-22; the company's own is live.

Dividends

Paid (completed)

DatePer shareDetailsStatusSource
2026-08-210.248 USDEx-dividend: 0.248 USD per sharePaidYahoo Finance (ex-div)
2026-05-080.248 USDEx-dividend: 0.248 USD per sharePaidYahoo Finance (ex-div)
2026-03-200.248 USDEx-dividend: 0.248 USD per sharePaidYahoo Finance (ex-div)
2025-12-120.235 USDEx-dividend: 0.235 USD per sharePaidYahoo Finance (ex-div)
2025-08-150.235 USDEx-dividend: 0.235 USD per sharePaidYahoo Finance (ex-div)
2025-05-090.235 USDEx-dividend: 0.235 USD per sharePaidYahoo Finance (ex-div)
2025-03-210.235 USDEx-dividend: 0.235 USD per sharePaidYahoo Finance (ex-div)
2024-12-130.208 USDEx-dividend: 0.208 USD per sharePaidYahoo Finance (ex-div)
2024-08-160.208 USDEx-dividend: 0.208 USD per sharePaidYahoo Finance (ex-div)
2024-05-090.208 USDEx-dividend: 0.208 USD per sharePaidYahoo Finance (ex-div)
2024-03-140.208 USDEx-dividend: 0.208 USD per sharePaidYahoo Finance (ex-div)
2023-12-070.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2023-08-100.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2023-05-040.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2023-03-160.19 USDEx-dividend: 0.19 USD per sharePaidYahoo Finance (ex-div)
2022-12-080.1867 USDEx-dividend: 0.1867 USD per sharePaidYahoo Finance (ex-div)
2022-08-110.1867 USDEx-dividend: 0.1867 USD per sharePaidYahoo Finance (ex-div)
2022-05-050.1867 USDEx-dividend: 0.1867 USD per sharePaidYahoo Finance (ex-div)
2022-03-170.1867 USDEx-dividend: 0.1867 USD per sharePaidYahoo Finance (ex-div)
2021-12-090.1833 USDEx-dividend: 0.1833 USD per sharePaidYahoo Finance (ex-div)

KASE: status follows wording in the news headline (paid vs intends to pay). Yahoo: amounts are cash dividends per share on ex-dividend dates (UTC calendar date). stockscope.uz (UZ): amounts are per share in UZS by publication date (not necessarily ex-div).

Reporting forms detected in loaded periods: ✓ ✓ ✓ (Balance sheet / Profit or loss (P&L) / Cash flows)

Financial results, valuation multiples (P/E, P/B, EV/EBITDA), profitability and dividend yield of Walmart Inc. (WMT) — from primary filings.

Frequently asked questions

What is Walmart Inc. (WMT)'s P/E ratio?
Walmart Inc. (WMT) trades at a P/E of 43.7x (price to trailing 12-month earnings).
What is Walmart Inc. (WMT)'s EV/EBITDA?
Walmart Inc. (WMT) trades at 21.7x EV/EBITDA.
What is Walmart Inc. (WMT)'s P/B ratio?
Walmart Inc. (WMT) trades at a P/B of 9.7x.
What is Walmart Inc. (WMT)'s dividend yield?
Walmart Inc. (WMT)'s trailing 12-month dividend yield is 0.8%.
What is Walmart Inc. (WMT)'s return on equity (ROE)?
Walmart Inc. (WMT)'s ROE is 26.4%.
What is Walmart Inc. (WMT)'s market capitalization?
Walmart Inc. (WMT)'s market cap is 965.2 bn USD.

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