Ledger

WMT

WMT·Consumer Defensive
www.stock.walmart.com

Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide.

$107.14
-$1.28 (-1.18%)Today
Open
$108.20
High
$109.23
Low
$106.94
Volume
20.5M
$98.8852-Week Range$135.16
Current: $107.14 · Near 52W Low
MARKET CAP
$852.6B
P/E (TTM)
38.8x
P/B RATIO
9.0x
ROE
22.3%
EPS (TTM) 5.9% Rev YoY
$2.76
DIVIDEND YIELD
0.92%
BETA
0.59
Defensive / low-beta

Company Info

Industry
Discount Stores
Country
United States

Leadership

MJ
Mr. John R. Furner
Chief Executive Officer
Stock Score
High Quality
28/ 100
Val
25
Grw
28
Qly
31
Value 40%·Growth 35%·Quality 25%
Price History
$107.14 $4.86 (4.75%)
Overlays
Oscillators
Generating analysis...
01 / Income Statement

Income Statement

Revenue & Margin Trend

PeriodRevenueOpExEBITDANet IncomeEPS
2023$611.29B$127.14B$30.09B$11.68B$1.42
2024$648.13B$130.97B$36.38B$15.51B$1.91
2025$680.99B$139.88B$42.01B$19.44B$2.41
2026$713.16B$147.94B$46.47B$21.89B$2.73
02 / Balance Sheet

Balance Sheet

Cash & Equivalents
$10.73B
Total Debt
$67.09B

Assets Distribution

Current Assets
Non-Current Assets

Liabilities & Equity

Current Liabilities
Non-Current Liabilities
Equity
03 / Cash Flow

Cash Flow

Positive free cash flow of $14.9B — 36% of operating cash flow.
Operating CF
$41.6B
Free Cash Flow
$14.9B
Investing CF
-$26.4B
Financing CF
-$13.6B

Cash Flow Mix

Operating Cash$41.6B
Investing Cash-$26.4B
Financing Cash-$13.6B
Net Change$1.7B

FCF Generation

The company converts 36% of operating cash flow into free cash flow, providing ample flexibility for capital allocation.

CapEx Burden

Capital expenditures consume $26.4B of operating cash. Monitor for maintenance vs. growth CapEx split.

Is the cash flow sustainable?
Positive Free Cash Flow
The company has flexibility for dividends, buybacks, debt reduction, or reinvestment in growth opportunities.
04 / Financial Ratios

Financial Ratios

Profitability

Gross Margin
24.9%
Gross Profit / Revenue
Operating Margin
4.2%
Op. Income / Revenue
Net Margin
3.1%
Net Income / Revenue
ROIC
13.1%
Return on Invested Capital

Liquidity & Leverage

Current Ratio
0.79x
Current Assets / Current Liab.
Cash Ratio
0.10x
Cash / Current Liab.
Debt-to-Equity
0.67
Total Debt / Equity
Asset Turnover
2.51
Revenue / Total Assets

Returns

ROE
22.3%
Return on Equity
ROA
6.4%
Return on Assets
EPS (TTM)
$2.76
Earnings Per Share
06 / Historical Trends

Historical Trends

Revenue

+5.3% CAGR

Net Income

+23.3% CAGR

EPS

+24.2% CAGR
05 / Dividends

Dividends & Yield

Dividend Yield
0.92%
Annual
Annual Dividend
$0.99
Per Share
Payout Ratio
35.7%
Div / EPS
Est. Div Growth
+2.4%
Approx. YoY

Dividend Safety Assessment

The payout ratio of 36% suggests ample room for dividend growth and sustainability. The company retains over half of its earnings for reinvestment.

Recent Dividend Payments

DateAmount
2026-08-21$0.25
2026-05-08$0.25
2026-03-20$0.25
2025-12-12$0.23
2025-08-15$0.23
2025-05-09$0.23
2025-03-21$0.23
2024-12-13$0.21
2024-08-16$0.21
2024-05-09$0.21

Institutional Ownership

Retail Driven

Top 3 institutional holders control only 10.4% of shares, offering potential for outsized retail-driven momentum.

Low Institutional Conviction

Minimal institutional backing suggests large asset managers may not yet see a compelling long-term thesis.

Top Institutional Holders

Blackrock Inc.4.44%
354.2M shares
Vanguard Capital Management LLC3.59%
286.35M shares
State Street Corporation2.36%
188.04M shares
Invesco Ltd.1.86%
148.46M shares
Geode Capital Management, LLC1.34%
106.45M shares

Top ETFs Holding

VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund1.75%
139.18M shares
VANGUARD INDEX FUNDS-Vanguard 500 Index Fund1.43%
113.61M shares
Invesco QQQ Trust, Series 11.27%
101.02M shares
iShares Trust-iShares Core S&P 500 ETF0.76%
60.3M shares
Fidelity Concord Street Trust-Fidelity 500 Index Fund0.71%
56.69M shares
07 / Market Events

Market Events

Upcoming Earnings

NOV
19THU
DateNov 19, 2026
DayThursday
Revenue Est.$187.2B
EPS Est.$0.64

Split Record

DateTypeRatio
2024-02-26Forward3:1
1999-04-20Forward2:1
1993-02-26Forward2:1
1990-07-09Forward2:1
1987-07-13Forward2:1
08 / Market Intelligence

Market Intelligence

Analyst Consensus

Consensus (43 Ratings)
Buy
Strong Buy
10
Buy
27
Hold
5
Sell
0
Strong Sell
1
Recent Insider Trades
BARTLETT DANIEL J
Officer
Sale
3,950 shs
DANKER DANIEL
Officer
Sale
50,644 shs
NICHOLAS CHRISTOPHER JAMES
Officer
Sale
2,900 shs
BARTLETT DANIEL J
Officer
Sale
3,710 shs
Price Targets
Upside to Mean+19.2%
$81$128$155
Low
$81.00
Mean
$127.73
Median
$130.00
High
$155.00

Earnings History

Beat Rate
4/4
Avg Surprise
+3.6%
PeriodEst. EPSAct. EPSSurprise
2025-10$0.60$0.62+3.1%
2026-01$0.73$0.74+1.8%
2026-04$0.66$0.66+0.2%
2026-07$0.74$0.81+9.3%