Is Walmart Stock Outperforming Its Rivals?

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WMT: Walmart logo
WMT
Walmart

Walmart’s stock has significantly outperformed over the past year, but how does it truly stack up against key retail rivals like Amazon and Costco? A deeper look reveals solid profitability and stable revenue growth, yet its premium valuation and trailing growth behind e-commerce giants like Amazon could cap future upside.

  • WMT’s 4.2% operating margin, below AMZN’s 11.4% but above peers, highlights retail’s tighter profitability versus e-commerce/cloud.
  • WMT’s 4.2% revenue growth, lagging AMZN/COST but beating KR/TGT/BBY, shows resilience in traditional retail amidst market shifts.
  • WMT gained 24.1% past year, outperforming peers, with a 40.0 PE reflecting investor confidence in its evolving omni-channel strategy.

Here’s how Walmart stacks up across size, valuation, and profitability versus key peers.

  WMT AMZN COST KR TGT BBY
Market Cap ($ Bil) 854.5 2,309.7 396.6 43.6 38.0 15.6
Revenue ($ Bil) 693.2 670.0 275.2 147.0 105.6 41.6
PE Ratio 40.0 32.7 49.0 16.0 9.7 20.1
LTM Revenue Growth 4.2% 10.9% 8.2% -2.1% -1.5% -2.2%
LTM Operating Margin 4.2% 11.4% 3.8% 2.7% 5.1% 4.1%
LTM FCF Margin 2.0% 2.0% 2.8% 1.5% 2.8% 3.3%
12M Market Return 24.1% 7.0% -3.2% 16.7% -28.2% -10.6%

For more details on Walmart, read Buy or Sell WMT Stock. Below we compare WMT’s growth, margin, and valuation with peers across years

Revenue Growth Comparison

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  LTM 2025 2024 2023 2022
WMT 4.2% 5.1% 6.0% 6.7%  
AMZN 10.9% 11.0% 11.8% 9.4%
COST 8.2% 8.2% 5.0% 6.8%  
KR -2.1% -1.9% 1.2% 7.5%  
TGT -1.5% -0.8% -1.6% 2.9%  
BBY -2.2% -4.4% -6.1% -10.6%  

Operating Margin Comparison

  LTM 2025 2024 2023 2022
WMT 4.2% 4.3% 4.2% 3.3%  
AMZN 11.4% 10.8% 6.4% 2.4%
COST 3.8% 3.8% 3.6% 3.3%  
KR 2.7% 2.6% 2.1% 2.8%  
TGT 5.1% 5.2% 5.3% 3.5%  
BBY 4.1% 4.2% 4.0% 4.2%  

PE Ratio Comparison

  LTM 2025 2024 2023 2022
WMT 40.0 37.4 27.4 33.1  
AMZN 32.7 38.8 51.5 -314.4
COST 49.0 50.2 39.8 32.2  
KR 16.0 16.4 15.2 14.3  
TGT 9.7 15.2 15.9 24.8  
BBY 20.1 19.9 13.7 12.7  

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