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Walmart (WMT)

Market Price (10/18/2025): $107.76 | Market Cap: $859.7 Bil
Sector: Consumer Staples | Industry: Consumer Staples Merchandise Retail

Walmart (WMT)

Market Price (10/18/2025): $107.76
Market Cap: $859.7 Bil
Sector: Consumer Staples
Industry: Consumer Staples Merchandise Retail

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow

0 Attractive cash flow generation
CFO LTM is 38 Bil, FCF LTM is 14 Bil		 Trading close to highs
Dist 52W High is -1.2%, Dist 3Y High is -1.2%		 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x, P/EPrice/Earnings or Price/(Net Income) is 40x
1 Low stock price volatility
Vol 12M is 24%		  
0 Attractive cash flow generation
CFO LTM is 38 Bil, FCF LTM is 14 Bil
1 Low stock price volatility
Vol 12M is 24%
2 Trading close to highs
Dist 52W High is -1.2%, Dist 3Y High is -1.2%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 28x, P/EPrice/Earnings or Price/(Net Income) is 40x

Market Valuation & Key Metrics

WMTS&P 500
REVENUE GROWTHPOOR
Rev LTM ($ Bil)693.2
Rev Chg Q4.8%6.1%
Rev Chg LTM4.2%5.2%
Rev Chg 3Y Avg5.7%5.4%
PROFITABILITYVERY POOR
Op Inc LTM ($ Bil)29.0
Op Mgn LTM4.2%18.6%
CFO LTM ($ Bil)38.4
CFO/Rev LTM5.5%20.4%
Net Inc LTM ($ Bil)21.3
Net Inc Mgn3.1%12.7%
VALUATIONVERY HIGH
P/S1.23.2
P/CFO22.415.9
P/FCF62.520.7
P/E40.324.0
STABILITYGOOD
Debt/Equity0.080.22
Cash/Assets0.030.07

WMT Stock

Return vs. Risk

Price Returns Compared

 202020212022202320242025Total [1]
Returns
WMT Return23%2%-0%13%74%19%179%
Peers Return36%27%-24%27%27%-5%102%
S&P 500 Return16%27%-19%24%23%13%103%

Monthly Win Rates [3]
WMT Win Rate58%58%50%67%83%67% 
Peers Win Rate63%62%37%60%58%49% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
WMT Max Drawdown-12%-12%-18%-3%-1%-9% 
Peers Max Drawdown-18%-6%-32%-10%-6%-20% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 

[1] Cumulative total returns since the beginning of 2020
[2] Peers: AMZN, COST, KR, TGT, BBY. See WMT Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/17/2025 (YTD)

Downturns Compared

Unique KeyEventWMTS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-26.0%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven35.2%34.1%
2022 Inflation ShockTime to BreakevenTime to Breakeven406 days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-13.1%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven15.1%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven6 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-24.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven32.9%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven385 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-26.5%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven36.1%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven1203 days1480 days


How Low Can It Go?

Walmart's stock fell -26.0% during the 2022 Inflation Shock from a high on 4/21/2022. A -26.0% loss requires a 35.2% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

Interactive Breakdown

Walmart Interactive Breakdown Analysis

Better Bets than Walmart (WMT)

 WMTBetter Performance than WMT
MetricValueIndustry (Consumer Staples Merchandise R)
Rev Chg LTM4.2%COST (8.2%), DG (5.0%), DLTR (13.6%), PSMT (7.5%), NGVC (8.5%)
Rev Chg 3Y Avg5.7%COST (6.6%), DG (5.7%), PSMT (9.3%), NGVC (6.6%)
Op Mgn LTM4.2%TGT (5.1%), DG (4.3%), DLTR (12.3%), PSMT (4.5%), NGVC (4.5%)
CFO/Rev LTM5.5%TGT (6.0%), DG (7.6%), DLTR (24.8%)
FCF/Rev LTM2.0%COST (2.8%), TGT (2.8%), DG (4.4%), DLTR (14.3%), NGVC (2.6%)
Total Yield3.3%TGT (14.5%), DG (6.2%), BJ (4.7%), PSMT (4.5%), WMK (7.9%)
 WMTBetter Performance than WMT
MetricValueAll Other Sectors
Rev Chg LTM4.2%NVDA (71.6%), MSFT (14.9%), AAPL (6.0%), GOOGL (13.1%), AMZN (10.9%)
Rev Chg 3Y Avg5.7%NVDA (92.0%), MSFT (12.5%), GOOGL (10.2%), AMZN (11.3%), META (13.0%)
Op Mgn LTM4.2%NVDA (58.1%), MSFT (45.6%), AAPL (31.9%), GOOGL (32.7%), AMZN (11.4%)
CFO/Rev LTM5.5%NVDA (46.6%), MSFT (48.3%), AAPL (26.6%), GOOGL (36.0%), AMZN (18.1%)
FCF/Rev LTM2.0%NVDA (43.6%), MSFT (25.4%), AAPL (23.5%), GOOGL (18.0%), AMZN (2.0%)
Total Yield3.3%GOOGL (4.1%), META (4.0%), JPM (6.8%), V (3.8%), XOM (9.9%)
 Best Bets In Consumer Staples Sector
 WMTMO PM MNST PG STZ CL HSY FIZZ SMPL COCO
What You Pay           
P/E40.312.529.943.522.220.222.024.918.217.136.1
P/EBIT27.69.316.733.016.811.615.219.914.311.232.5
What You Get           
Rev Chg Q4.8%0.2%7.1%11.1%1.7%-15.0%1.0%26.0%0.3%13.8%17.1%
Rev Chg LTM4.2%-0.2%7.2%3.7%0.3%-5.6%0.1%2.5%0.5%14.2%12.0%
Rev Chg 3Y Avg5.7%-0.9%7.1%8.5%1.7%0.7%4.2%5.2%1.7%8.2%10.6%
FCF/Rev 3Y Avg2.3%42.7%24.4%21.4%17.7%17.0%15.4%13.9%13.9%13.8%12.1%

[1] Choosing top 10 best bets from each sector quarterly is an alpha producing strategy vs sector benchmark
[2] Historical annualized return of 8.7%, alpha of 1.4%, and sharpe of 0.5

Latest Trefis Analyses

TitleTopicDate
0DASHBOARDS  
1Walmart Earnings Notes  
2How Low Can Walmart Stock Really Go?Return 
3WMT Delivers $131 Bil to Shareholders Over the Last 10 Years  
4Day 6 of Gains Streak for Walmart Stock with 5.1% Return (vs. 13% YTD) [9/4/2025]Notification 
5Day 6 of Gains Streak for Walmart Stock with 5.1% Return (vs. 13% YTD) [9/4/2025]Notification 
6How Does Walmart Stock Stack Up Against Its Peers?Peer Comparison 
7Better Bet Than WMT Stock: Pay Less Than Walmart To Get More From GOOGL, META   
8Better Bet Than WMT Stock: Pay Less Than Walmart To Get More From CASY, USFD   
9Now Is Not The Time To Buy Walmart StockBuy or Fear 
10Why Walmart Stock Moved: WMT Stock Has Gained 139% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)  
11ARTICLES  
12WMT Capital Return Hits $131 Bil in 10 Years October 1st, 2025
13WMT Stock Up 5.1% after 6-Day Win Streak September 4th, 2025
14A Decade of Rewards: WMT Returns $130 Bil to Investors August 21st, 2025
15S&P 500 Movers | Winners: PKG, SW, HPE | Losers: FSLR, WMT, PCG August 21st, 2025
16How Will Walmart Stock React To Its Upcoming Earnings? August 19th, 2025
Title
0DASHBOARDS
1WMT Capital Return Hits $131 Bil in 10 Years
2WMT Stock Up 5.1% after 6-Day Win Streak
3A Decade of Rewards: WMT Returns $130 Bil to Investors
4S&P 500 Movers | Winners: PKG, SW, HPE | Losers: FSLR, WMT, PCG
5How Will Walmart Stock React To Its Upcoming Earnings?
6ARTICLES
7Walmart Earnings Notes
8How Low Can Walmart Stock Really Go?
9WMT Delivers $131 Bil to Shareholders Over the Last 10 Years
10Day 6 of Gains Streak for Walmart Stock with 5.1% Return (vs. 13% YTD) [9/4/2025]
11Day 6 of Gains Streak for Walmart Stock with 5.1% Return (vs. 13% YTD) [9/4/2025]
12How Does Walmart Stock Stack Up Against Its Peers?
13Better Bet Than WMT Stock: Pay Less Than Walmart To Get More From GOOGL, META 
14Better Bet Than WMT Stock: Pay Less Than Walmart To Get More From CASY, USFD 
15Now Is Not The Time To Buy Walmart Stock
16Why Walmart Stock Moved: WMT Stock Has Gained 139% Since 2022 Fiscal End, Primarily Due To Favorable Change In Price To Sales Multiple (P/S)

Trade Ideas

Select past ideas related to WMT. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-0.0%-0.0%-6.0%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.6%4.6%0.0%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.9%-15.9%-21.1%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.3%8.3%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-12.5%-12.5%-22.4%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
IPAR_9302025_Dip_Buyer_FCFYield09302025IPARInterparfumsDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		-0.0%-0.0%-6.0%
TAP_9302025_Dip_Buyer_FCFYield09302025TAPMolson Coors BeverageDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		4.6%4.6%0.0%
STZ_7312025_Monopoly_xInd_xCD_Getting_Cheaper07312025STZConstellation BrandsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple		-15.9%-15.9%-21.1%
SJM_6302025_Dip_Buyer_FCFYield06302025SJMJM SmuckerDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin		8.3%8.3%0.0%
BF-B_5312025_Dip_Buyer_ValueBuy05312025BF-BBrown-FormanDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin		-12.5%-12.5%-22.4%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

1 Month Top Gainers

#TickerCompany1M RtnYTD Rtn
1WOLFWolfspeed1160.2%365.5%
2PRAXPraxis Precision Medicines320.1%146.9%
3QUREuniQure293.5%228.4%
4FLNCFluence Energy131.4%15.4%
5CLPTClearPoint Neuro123.6%65.0%
6NVTSNavitas Semiconductor117.8%310.6%
7LACLithium Americas110.9%128.6%
8ASTSAST SpaceMobile101.5%295.7%
9BETRBetter Home & Finance97.8%610.2%
10GRALGRAIL97.0%337.0%

1 Month Top Losers

#TickerCompany1M RtnYTD Rtn
1SOCSable Offshore-50.9%-48.4%
2FLYFirefly Aerospace-41.7% 
3PGYPagaya Technologies-39.5%185.3%
4UPWheels Up Experience-37.1%-6.7%
5ALABAstera Labs-36.6%20.6%
6VGVenture Global-35.8% 
7USNAUsana Health Sciences-32.3%-41.8%
8UPSTUpstart-31.7%-24.5%
9DOMODomo-30.8%73.6%
10TROXTronox-30.6%-63.2%

Recent Active Movers

1 Week Top Gainers

#TickerCompany1W RtnYTD Rtn
1PRAXPraxis Precision Medicines256.7%146.9%
2NVTSNavitas Semiconductor78.1%310.6%
3SSIISS Innovations International40.1%23.4%
4FLNCFluence Energy40.0%15.4%
5BTDRBitdeer Technologies35.1%10.8%
6MVSTMicrovast34.6%181.6%
7POWIPower Integrations31.3%-25.4%
8CCOClear Channel Outdoor30.8%24.1%
9IRONDisc Medicine28.7%41.9%
10BEBloom Energy28.4%402.0%

1 Week Top Losers

#TickerCompany1W RtnYTD Rtn
1SOCSable Offshore-35.8%-48.4%
2SRRKScholar Rock-29.2%-35.4%
3AIVApartment Investment & Management-28.3%-9.0%
4ALABAstera Labs-22.5%20.6%
5BYRNByrna Technologies-19.7%-26.6%
6BWINBaldwin Insurance-19.5%-40.3%
7ONDSOndas-17.5%197.3%
8URGUr-Energy-17.4%40.0%
9IIINInsteel Industries-16.4%14.6%
10LIFLife360-16.0%112.3%

More From Trefis

Research & Analysis

Invest in Strategies

Wealth Management

Peer Comparisons for Walmart

Financials

WMTAMZNCOSTKRTGTBBYMedian
NameWalmart Amazon.c.Costco W.Kroger Target Best Buy  
Mkt Price107.73213.04936.3368.9990.8479.7199.28
Mkt Cap859.52,266.1415.745.741.316.9230.7
Rev LTM693,153670,038275,235147,000105,64041,598211,118
Op Inc LTM28,98876,19010,3833,9255,4241,7247,904
FCF LTM13,75313,4817,8372,2122,9441,3525,390
FCF 3Y Avg14,98621,6777,0702,2683,2821,5185,176
CFO LTM38,438121,13713,3356,0186,3862,0649,860
CFO 3Y Avg36,70796,97711,9146,1147,4702,2959,692

Growth & Margins

WMTAMZNCOSTKRTGTBBYMedian
NameWalmart Amazon.c.Costco W.Kroger Target Best Buy  
Rev Chg LTM4.2%10.9%8.2%-2.1%-1.5%-2.2%1.3%
Rev Chg 3Y Avg5.7%11.3%6.6%0.7%-0.7%-5.4%3.2%
Rev Chg Q4.8%13.3%8.1%0.1%-0.9%1.6%3.2%
QoQ Delta Rev Chg LTM1.2%3.0%2.4%0.0%-0.2%0.4%0.8%
Op Mgn LTM4.2%11.4%3.8%2.7%5.1%4.1%4.2%
Op Mgn 3Y Avg4.0%7.9%3.6%2.4%5.1%4.1%4.0%
QoQ Delta Op Mgn LTM-0.1%0.3%0.0%0.0%-0.3%-0.0%-0.0%
CFO/Rev LTM5.5%18.1%4.8%4.1%6.0%5.0%5.3%
CFO/Rev 3Y Avg5.5%15.8%4.6%4.1%7.0%5.3%5.4%
FCF/Rev LTM2.0%2.0%2.8%1.5%2.8%3.3%2.4%
FCF/Rev 3Y Avg2.3%3.5%2.7%1.5%3.1%3.5%2.9%

Valuation

WMTAMZNCOSTKRTGTBBYMedian
NameWalmart Amazon.c.Costco W.Kroger Target Best Buy  
Mkt Cap859.52,266.1415.745.741.316.9230.7
P/S1.23.41.50.30.40.40.8
P/EBIT27.626.637.911.47.515.320.9
P/E40.332.151.316.710.521.726.9
P/CFO22.418.731.27.66.58.213.4
Total Yield3.3%3.1%2.2%7.9%14.5%9.4%5.6%
Dividend Yield0.8%0.0%0.2%1.9%5.0%4.8%1.4%
FCF Yield 3Y Avg2.8%1.1%2.1%6.0%5.6%9.1%4.2%
D/E0.10.10.00.60.50.20.2
Net D/E0.10.0-0.00.40.40.20.1

Returns

WMTAMZNCOSTKRTGTBBYMedian
NameWalmart Amazon.c.Costco W.Kroger Target Best Buy  
1M Rtn3.3%-8.0%-2.8%3.0%2.1%7.0%2.6%
3M Rtn13.6%-5.8%-1.4%-2.9%-11.2%19.5%-2.1%
6M Rtn16.1%23.4%-5.6%-2.2%-0.3%32.1%7.9%
12M Rtn34.5%13.6%6.3%24.5%-39.5%-13.0%10.0%
3Y Rtn150.3%83.1%106.2%70.9%-36.3%38.0%77.0%
1M Excs Rtn3.5%-8.3%-2.2%4.1%1.1%7.6%2.3%
3M Excs Rtn7.2%-12.8%-6.7%-9.4%-15.4%16.3%-8.1%
6M Excs Rtn-10.0%-2.7%-31.7%-28.3%-26.4%5.9%-18.2%
12M Excs Rtn18.6%-1.1%-9.4%10.8%-55.9%-28.7%-5.2%
3Y Excs Rtn69.7%2.4%23.0%-26.0%-121.3%-41.0%-11.8%

Comparison Analyses

Financials

$ Mil | FY: 1/312026Q22026Q12025Q42025Q32025Q22025Q12024Q42024Q32024Q22024Q12023Q42023Q3
Period End7/31/20254/30/20251/31/202510/31/20247/31/20244/30/20241/31/202410/31/20237/31/20234/30/20231/31/202310/31/2022
Filing Date8/29/20256/6/20253/14/202512/6/20248/30/20246/7/20243/15/202411/30/20239/1/20236/2/20233/17/202312/1/2022
Key Financials Quarterly            
Total Revenue177,402165,609180,554169,588169,335161,508173,388160,804161,632152,301164,048152,813
Ebitda13,57510,00011,0549,97610,10310,87711,3304,58314,2746,19712,3231,908
Operating Income7,2867,1357,8596,7087,9406,8417,2546,2027,3166,2405,5612,695
Net Income7,0264,4875,2544,5774,5015,1045,4944537,8911,6736,275-1,798
EPS0.880.560.650.570.560.630.680.060.980.210.78-0.22
Key Financials TTM            
Total Revenue TTM693,153685,086680,985673,819665,035657,332648,125638,785630,794622,021611,289600,112
Ebitda TTM44,60541,13342,01042,28636,89341,06436,38437,37734,70230,25030,08925,681
Operating Income TTM28,98829,64229,34828,74328,23727,61327,01225,31921,81221,35020,42820,754
Net Income TTM21,34418,81919,43619,67615,55218,94215,51116,29214,04111,29911,6808,967
Growth Rates Quarterly            
Total Revenue Growth4.8%2.5%4.1%5.5%4.8%6.0%5.7%5.2%5.7%7.6%7.3%8.7%
EBITDA Growth34.4%-8.1%-2.4%117.7%-29.2%75.5%-8.1%140.2%45.3%2.7%55.7%-73.8%
Operating Income Growth-8.2%4.3%8.3%8.2%8.5%9.6%30.4%130.1%6.7%17.3%-5.5%-53.5%
Net Income Growth56.1%-12.1%-4.4%910.4%-43.0%205.1%-12.4%125.2%53.3%-18.5%76.2%-157.9%
Margins Quarterly            
EBITDA Margin7.7%6.0%6.1%5.9%6.0%6.7%6.5%2.9%8.8%4.1%7.5%1.2%
Operating Income Margin4.1%4.3%4.4%4.0%4.7%4.2%4.2%3.9%4.5%4.1%3.4%1.8%
Net Income Margin4.0%2.7%2.9%2.7%2.7%3.2%3.2%0.3%4.9%1.1%3.8%-1.2%
Cash & Debt            
Total Cash9,4319,3119,03710,0498,8119,4059,86712,15413,88810,5758,62511,587
Total Debt65,01467,20560,11461,74961,30564,46361,32169,73964,80163,86758,92365,380
Net Debt / (Cash)55,58357,89451,07751,70052,49455,05851,45457,58550,91353,29250,29853,793
Cash Flows Quarterly            
FCF from Operations12,9415,41113,5256,56112,1084,24916,71281313,5684,63313,1436,458
Cash Flows TTM            
FCF from Operations TTM38,43837,60536,44339,63033,88235,34235,72632,15737,80237,23228,84123,588
Returns to Shareholders Quarterly            
Dividends1,8751,8801,6841,6681,6651,6711,5341,5341,5341,5381,5141,519
Share Repurchases1,6454,5551,4459771,0131,0591,4971114856861,2122,961
Return on Invested Capital (ROIC) Quarterly            
ROIC40.2%38.2%48.0%40.1%45.9%37.5%42.6%30.3%43.2%33.0%28.9%20.0%
Return on Invested Capital (ROIC) TTM            
ROIC TTM40.3%39.5%44.0%42.2%40.5%37.7%39.1%31.0%28.7%26.4%27.0%27.3%

Segment Financials

Revenue by Segment

$ Mil20252024202320222021
Walmart US443,802422,398393,247369,963341,004
Walmart International116,049102,604100,959121,360120,130
Sam's Club U.S.88,23086,25373,55663,91058,792
Corporate and support4434000
Membership and other income  4,9923,9184,038
Total648,125611,289572,754559,151523,964


Operating Income by Segment
$ Mil20252024202320222021
Walmart US22,15420,62021,58719,11617,380
Walmart International4,9092,9653,7583,6603,370
Sam's Club U.S.2,1921,9642,2591,9061,642
Corporate and support-2,243-5,121-1,662-2,134-1,824
Total27,01220,42825,94222,54820,568


Assets by Segment
$ Mil20252024202320222021
Walmart US137,782130,659125,044113,490110,353
Walmart International86,13686,76691,403109,445105,811
Sam's Club U.S.15,68215,49014,67813,41513,494
Corporate12,79910,282   
Corporate and support  13,73516,1466,837
Total252,399243,197244,860252,496236,495


Price Behavior

WMT Betas & Captures as of 9/30/2025

 1M2M3M6M1Y3Y
Beta0.510.340.250.660.640.51
Up Beta3.450.820.560.830.800.62
Down Beta0.01-0.18-0.460.520.550.54
Up Capture68%44%39%51%51%21%
Bmk +ve Days13233574144420
Stock +ve Days13243567139420
Down Capture-80%7%18%48%53%56%
Bmk -ve Days8192952107330
Stock -ve Days8182959111330

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively

Short Interest

Short Interest: As Of Date9302025
Short Interest: Shares Quantity34,298,383
Short Interest: % Change Since 9152025-16.0%
Average Daily Volume16,501,258
Days-to-Cover Short Interest2.08
Basic Shares Quantity7,978,000,000
Short % of Basic Shares0.4%

Returns Analyses

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/21/2025-4.5%-6.3%-0.2%
5/15/2025-0.5%-0.4%-2.5%
2/20/2025-6.5%-7.5%-17.5%
11/19/20243.0%6.4%11.5%
8/15/20246.6%9.9%17.7%
5/16/20247.0%9.1%12.0%
2/20/20243.2%5.0%7.6%
11/16/2023-8.1%-8.9%-9.7%
...
SUMMARY STATS   
# Positive11811
# Negative131613
Median Positive3.2%5.7%6.4%
Median Negative-2.2%-2.3%-4.1%
Max Positive7.0%9.9%17.7%
Max Negative-11.4%-17.3%-19.5%

SEC Filings

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Report DateFiling DateFiling
7312025829202510-Q 7/31/2025
4302025606202510-Q 4/30/2025
1312025314202510-K 1/31/2025
103120241206202410-Q 10/31/2024
7312024830202410-Q 7/31/2024
4302024607202410-Q 4/30/2024
1312024315202410-K 1/31/2024
103120231130202310-Q 10/31/2023
7312023901202310-Q 7/31/2023
4302023602202310-Q 4/30/2023
1312023317202310-K 1/31/2023
103120221201202210-Q 10/31/2022
7312022902202210-Q 7/31/2022
4302022603202210-Q 4/30/2022
1312022318202210-K 1/31/2022
103120211201202110-Q 10/31/2021

Insider Activity

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 OwnerTitleFiling DateActionPriceSharesTransacted
Value		Value of
Held Shares		Form
0Bartlett Daniel JExecutive Vice President9162025Sell103.711,610166,97366,993,306Form
1Kumar SureshChief Technology Officer9162025Sell103.4730,0003,103,968184,913,761Form
2Rainey John DExecutive Vice President9032025Sell97.251,514147,23460,741,802Form
3McMillon C DouglasPresident and CEO9022025Sell95.9719,4161,863,447421,615,823Form
4Walton Family Holdings Trust 8262025Sell97.33504,85549,136,42653,698,311,361Form

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