WMT
SP100NasdaqGSWalmart Inc.
Consumer Defensive · Discount Stores · United States
Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites. It offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories. In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses. Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.
www.stock.walmart.com ↗Shares trade at a premium 39.4× trailing earnings, easing to 34.0× on forward estimates. Profitability shows a net margin of 3.1% and return on equity of 24.1%. Leverage is modest at 1.4× net debt/EBITDA. Revenue grew 7.3% year-on-year. It yields 0.9% in dividends. The mean analyst target of USD138.59 sits 23.9% above the current price (Buy, 41 analysts).
business model
Walmart is the world's largest retailer, operating supercenters, discount stores, warehouse clubs (Sam's Club) and e-commerce, built on an everyday-low-price model and vast supply-chain scale. It increasingly monetizes higher-margin streams like advertising, marketplace, memberships, and fulfillment services alongside core merchandise sales.
revenue segments
Three segments: Walmart U.S. (its largest, supercenters and e-commerce), Walmart International (operations across markets such as Mexico, Canada, China, India via Flipkart/PhonePe), and Sam's Club (membership warehouse clubs). Grocery is the biggest merchandise category.
key dependencies
Depends on consumer spending and price sensitivity, an efficient global supply chain and logistics, low-cost sourcing (including imports subject to tariffs), grocery traffic, wage and labor costs, and growth of e-commerce and advertising.
competitors
Competes with Amazon, Costco, Target, Kroger and other grocers, dollar stores (Dollar General, Dollar Tree), and a range of online and discount retailers.
moat
Immense purchasing scale and supply-chain efficiency enabling low prices, a dense store network within reach of most US consumers, growing e-commerce and high-margin advertising/marketplace flywheel, and strong grocery position that drives recurring traffic.
risks
Thin retail margins and price competition, consumer-spending and inflation sensitivity, tariff and sourcing cost exposure, wage pressure, execution in e-commerce and international markets, and intense competition from Amazon and discounters.
Financials & metrics
as of 26 Aug 2026Price is closer to the low end of its range. Green = nearer the yearly low, red = nearer the high — a position indicator, not a buy/sell signal.
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Full financial statements
Income statement
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total revenue | $713.16B | $680.99B | $648.13B | $611.29B | — |
| Cost of revenue | $535.39B | $511.75B | $490.14B | $463.72B | — |
| Gross profit | $177.77B | $169.23B | $157.98B | $147.57B | — |
| Operating expense | $147.94B | $139.88B | $130.97B | $127.14B | — |
| Operating income | $29.82B | $29.35B | $27.01B | $20.43B | — |
| Interest expense | $2.80B | $2.73B | $2.68B | $2.13B | — |
| Pretax income | $29.47B | $26.31B | $21.85B | $17.02B | — |
| Tax provision | $7.20B | $6.15B | $5.58B | $5.72B | — |
| Net income | $21.89B | $19.44B | $15.51B | $11.68B | — |
| EBITDA | $46.47B | $42.01B | $36.38B | $30.09B | — |
| Diluted EPS | $2.73 | $2.41 | $1.91 | $1.42 | — |
Balance sheet
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Total assets | $284.67B | $260.82B | $252.40B | $243.20B | — |
| Current assets | $84.87B | $79.46B | $76.88B | $75.66B | — |
| Cash & equivalents | $10.73B | $9.04B | $9.87B | $8.63B | — |
| Inventory | $58.85B | $56.44B | $54.89B | $56.58B | — |
| Total liabilities | $178.49B | $163.13B | $161.83B | $159.21B | — |
| Current liabilities | $107.47B | $96.58B | $92.42B | $92.20B | — |
| Total debt | $67.09B | $60.11B | $61.32B | $58.92B | — |
| Long-term debt | $34.62B | $33.40B | $36.13B | $34.65B | — |
| Shareholders' equity | $99.62B | $91.01B | $83.86B | $76.69B | — |
| Retained earnings | $104.77B | $98.31B | $89.81B | $83.14B | — |
| Working capital | -$22.59B | -$17.13B | -$15.54B | -$16.54B | — |
Cash flow
| Line item | 2026 | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Operating cash flow | $41.56B | $36.44B | $35.73B | $28.84B | — |
| Investing cash flow | -$26.35B | -$21.38B | -$21.29B | -$17.72B | — |
| Financing cash flow | -$13.55B | -$14.82B | -$13.41B | -$17.04B | — |
| Capital expenditure | -$26.64B | -$23.78B | -$20.61B | -$16.86B | — |
| Free cash flow | $14.92B | $12.66B | $15.12B | $11.98B | — |
| Dividends paid | -$7.51B | -$6.69B | -$6.14B | -$6.11B | — |
| Share buybacks | -$8.09B | -$4.49B | -$2.78B | -$9.92B | — |
| End cash position | $11.32B | $9.54B | $9.94B | $8.84B | — |
Reported figures from public filings via Yahoo Finance. Line coverage varies by company. Not investment advice.
Dividends
Analyst assessment
as of 26 Aug 2026Aggregate consensus only. Named per-analyst targets require a premium source and are not shown; the data model is ready to hold them if one is added.
Technicals
as of 26 Aug 2026News
Sector peers
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