🇬🇧 English 🇷🇴 Română 🇪🇸 Español soon 🇫🇷 Français soon 🇩🇪 Deutsch soon
Log in Register
e

Walmart Inc. (WMT.US) - analysis, score and valuation

Investește acum AD

Is it worth investing?

Walmart Inc. is a solid business, at a price to match.

$104.26 +25.23% over 12 months Last updated: iun. 10, 2026

Walmart Inc. (WMT) is a company in the Discount Stores industry, listed on NASDAQ, with a market capitalisation of 831 billion USD. The stock trades at 104.26 USD, 22% below its 52-week high.

Against trailing twelve-month earnings, the price asks 41.7 times profit, versus 22.8 times for the industry median. Return on equity stands at 24.2%, against an industry median of 22.5%. Revenue has grown 5.0% a year over the past five years.

Over the past twelve months the stock returned +25.2%, against +24.8% for SPY over the same period. The analysis below covers valuation, profitability, growth, the balance sheet and price behaviour, with data updated daily.

Key data

Price and Trading

  • OpenThe price at which Walmart Inc. shares first traded in the latest session.
  • CloseThe price of the last Walmart Inc. trade in the session that closed.
  • Day rangeThe lowest and highest price Walmart Inc. shares reached in that session.
  • VolumeHow many Walmart Inc. shares changed hands in the latest session.
  • 52-week rangeThe lowest and highest price of Walmart Inc. shares over the past year.
  • Position in the 52-week rangeWhere the current price of Walmart Inc. shares sits between the low and the high of the past year. 100% means right at the high.
  • 50-day averageThe average price of Walmart Inc. shares over the last 50 sessions. Shows the short-term trend.
  • 200-day averageThe average price of Walmart Inc. shares over the last 200 sessions. Shows the long-term trend.
  • Market capThe market value of all Walmart Inc. shares combined.

Some values update after the trading session opens, others are recalculated after it closes.

Earnings and Valuation

  • Earnings per shareHow much net profit belongs to a single Walmart Inc. share over the last twelve months.
  • Estimated earnings, current yearThe earnings per share analysts expect from Walmart Inc. for the current financial year.
  • Estimated earnings, next yearThe earnings per share expected from Walmart Inc. for the following financial year.
  • Revenue per shareHow much of the annual sales of Walmart Inc. belongs to a single share.
  • Book value per shareHow much Walmart Inc. equity belongs to one share, once debt is subtracted from assets.
  • Revenue, last 12 monthsTotal Walmart Inc. sales across the last four reported quarters.
  • Price / earningsHow many years of current profit a Walmart Inc. share costs at today price.
  • Forward price / earningsThe same ratio, but against the profit Walmart Inc. is expected to make next year.
  • PEGThe price/earnings ratio of Walmart Inc. divided by its growth rate. Below 1 is considered cheap relative to how fast it grows.
  • Enterprise value / EBITDAThe price of the whole Walmart Inc. business, debt included, against operating profit before depreciation.

Some values update after the trading session opens, others are recalculated after it closes.

Return and Risk

Low risk · 92
  • Net marginHow much net profit Walmart Inc. keeps out of every unit of sales.
  • Return on equityHow much net profit Walmart Inc. produces from shareholder money.
  • Dividend yieldHow much Walmart Inc. pays out in dividends each year, relative to the share price.
  • Dividend per shareThe estimated annual amount received for each Walmart Inc. share held.
  • Payout ratioWhat share of Walmart Inc. profit goes back to shareholders as dividends. The rest stays in the company.
  • BetaHow strongly Walmart Inc. shares move against the market. 1 means the same, above 1 means wider swings.
  • Debt / equityHow much debt Walmart Inc. carries for every unit of equity.
  • Short interest as % of floatWhat share of freely tradable Walmart Inc. stock is sold short, as a bet on a decline.
  • Days to cover short positionsHow many normal trading days it would take to close every short position on Walmart Inc..

Some values update after the trading session opens, others are recalculated after it closes.

Indicators for Walmart Inc. (WMT) stock

How good the business is, how expensive the price is, and what the chart is doing for WMT stock. How we calculate the three indicators

Fundamentals

63.0Out of 100

Above average

It holds up on health and risk, but growth drags it down, at 34.0 out of 100. Against its sector it stands at 67 out of 100, so the two readings confirm each other.

Quality63.1
Growth34.0
Health and risk91.8
Gross profitability100.0
Piotroski F-Score77.8
Profitability67.6
Low leverage66.3
Earnings stability60.4
Free cash flow margin6.9

Valuation

14.3Out of 100

Very expensive

The business produces 2.9 percentage points a year less than the interest on a government bond. It looks cheapest on free cash flow against price (20 out of 100), dearest on price against estimated value (6).

Earnings against market capitalisation: 13.6 out of 100

Earnings yield18.7
P/E (TTM)8.4

Earnings against enterprise value: 17.3 out of 100

EV/EBIT10.7
Acquirer's multiple10.7
Magic Formula yield16.2
EVA yield31.6

Free cash flow against price: 19.9 out of 100

FCF yield19.9

Price against estimated value: 6.4 out of 100

Margin of safety9.6
Price / floor value4.4
EPV vs price5.2

Technical

-31Out of ±100

Slightly negative

Signals: 4 positive and 8 negative, with a weak trend (ADX 21). The heaviest weight comes from the “MACD” family; the “price against the moving averages” family points the other way.

Price against the moving averages: +0.33

Price vs MA200+5.1% from the average
Price vs MA50-4.6% from the average
MA50 vs MA200Short average above the long one

MACD: -1.00

MACD histogram-1.32
MACD line vs 0-2.31

Position in the recent range: -0.67

RSI 1438.8
CCI 20-98
Bollinger %B0.22

Long-term momentum: 0.00

Aroon oscillator-32
Coppock-14.1
12-month momentum+37% a year, +31% above the rate

Volume and money flow: 0.00

Money flow CMF-0.107
OBV volume, 50dSlope +0.169

Breakouts and reversals: -0.50

Parabolic SARAbove price, falling
Donchian channelInside the 20-day channel

Walmart Inc. (WMT) stock: arguments for and against

What supports and what weakens the investment case for WMT stock

Pro17 arguments
  • Shareholders' money at Walmart Inc. (WMT) earns 23.2% a year.For every unit of capital put in by shareholders, the company makes 23.2% of profit in a year. Companies in the Consumer Defensive sector produce 13.2%.
  • Passes 7 of the nine financial health checks.The Piotroski score counts nine simple things: whether the firm is profitable, whether it generates cash, whether debt is falling, whether margins are improving. Here 7 pass.
  • Walmart Inc. debt is 1.51 times annual earnings from operations.At that level, a weak year would put no pressure on results. Companies in the Consumer Defensive sector stand at 2.4.
  • Earnings per share grew 11.5% a year, five years running.The profit attached to each share rose 11.5% in each of the past five years, so the growth reached shareholders too. Companies in the Consumer Defensive sector grew 8.1% a year on average.
  • The bankruptcy model places the company in the safe zone.The Altman score, which predicts failures from the balance sheet, is 5.28. Below 2.60 the risk zone would begin.
  • The 50-day price average sits above the 200-day.The price sits 5.1% above its 200-day average. Many investors watch this pattern as a sign of an upward trend.
  • Invested money returns 16.9% a year while funding costs 7.8%.Every unit reinvested brings 16.9% a year against 7.8% in funding costs. A positive gap means expansion creates value rather than consuming it.
  • Short-selling pressure is minimal.Only 2.0% of the freely traded shares are borrowed as a bet on a fall, and buying them back would take 4.19 trading days.
  • Institutions bought on balance last quarter: 16 funds added, 8 cut back.16 funds added to their position and 8 cut back over the past three months. Together they hold 38.0% of the company.
  • Cash from operations comes in at 1.8 times the reported profit.Profit is an accounting figure, operating cash is what actually reaches the bank account. When the second is clearly larger, the profit is backed by money rather than by entries.
  • Revenue at Walmart Inc. rose in each of the last four quarters, by 5.9% on average.Every quarter came in above the same quarter a year earlier, so the growth is not a single good period. The comparison is year over year precisely so seasonality cannot flatter it.
  • Shareholder equity grew by 12.6% over one year.The part of the company that belongs to shareholders got bigger. It grows out of retained profit or revaluation, not out of borrowed money.
  • Through Crash-ul COVID-19 it lost 13.1%, less than 98% of comparable companies.How a share fell in a past crisis does not predict the next one, but it shows how it behaves when the whole market sells at once.
  • It scores 70 out of 100 in the stress tests, and in the harshest scenario, Șoc de dobânzi, it would lose 44.1%.The scenarios start from historical shocks and are applied to the company as it stands today. They are exercises rather than forecasts, but they rank the risk.
  • It passes 19 of 30 profile checks, that is 64%.The checks come from different investing styles, from value to growth and quality. Passing many of them means the share fits more than one kind of portfolio.
  • It trades $2.37B a day on average.With daily turnover that size, an ordinary order gets in and out without moving the price, and the spread stays narrow.
  • Walmart Inc. shares are held by 12 exchange traded funds.Being inside ETFs brings demand that has nothing to do with results: the funds buy because the index says so, not because they hold a view.
Against8 arguments
  • Walmart Inc. (WMT) shares trade at 37.5 times annual earnings, well above the sector.For every unit of annual profit, a buyer pays 37.5. Companies in the Consumer Defensive sector ask 17.2.
  • The dividend yields 1.0% a year, below the risk-free rate in US.The dividend yields 1.0% a year, less than government bonds in US, which pay 5.3% without the risk of a share.
  • Free cash is 1.6% of the share price, below the sector.After expenses and investment, what is left equals 1.6% of the share price. Companies in the Consumer Defensive sector generate 8.8%, so the same money invested buys less free cash here.
  • Out of every 100 units Walmart Inc. sells, only 3.0% is left as profit.Out of every 100 units sold, 3.0% is left as net profit. In food retail the thin margin is the model: the money comes from volume and from how fast stock turns over, not from what is kept per product. Companies in the Consumer Defensive sector retain 6.1%.
  • Revenue grew 5.0% a year over the past five years.Sales grew 5.0% a year over the past five years. In consumer staples growth follows population and inflation rather than the conquest of new markets - that steadiness is exactly why the sector is sought out. Companies in the Consumer Defensive sector grew 5.6% a year.
  • 7 people in management sold $35.33M of shares over the past year.No purchases in the same period. Sales can have personal reasons (taxes, a loan, diversification), but the direction is unanimous.
  • The models find no durable competitive advantage.Without an advantage that lasts, earnings depend on how well the company is run each year rather than on its position in the market.
  • C Douglas Mcmillon, an insider, sold $2.57M worth of shares.This is the largest insider trade reported in the period covered. Sales often have personal reasons, from tax to diversification, so they are read alongside the rest rather than on their own.

Verdict

The Walmart Inc. score from 0 to 100, built from over 400 financial indicators. Not investment advice.

Neutral
ExpensiveSolidMixed
  • In Consumer Defensive, Walmart Inc. is below the sector average on valuation and shareholder yield.
  • neutral verdicts returned a median of +12.2% over one year, across 63,296 assessments.

At Walmart Inc., earnings per share have grown 24% a year for three years.
But the price asks 1.9 times the estimated value.

Return on capital exceeds the cost of that capital. Against ten-year average profit, the price asks 72 times as much. Revenue grows just 5% a year.

Analysis produced automatically by einvestitii.ro, on data as of oct. 1, 2026. It is not investment advice. Who produces it, what it rests on and what conflicts of interest exist: see the full disclosure.

What it is really worth

Value & Valuation

The market price is what buyers are asking today. Here we work out what the share should cost based on the company’s own figures: using the valuation models professional investors rely on, the growth the current price assumes, and the target set by the analysts who follow the company.

what analysts think

What the analysts covering Walmart Inc. think, and where they see the price 12 months out. These are their estimates, not ours.

Analyst consensus

What the 43 analysts covering Walmart Inc. think

Buy

average 4.49 out of 5, from 43 analysts

Strong sellStrong buy
  • Strong sell12%
  • Sell00%
  • Hold37%
  • Buy1228%
  • Strong buy2763%

The analyst consensus is more optimistic than our score, by 39 points on the same 0 to 100 scale.

Analyst estimates, third-party source. These are not our verdict.

Price target

Where analysts see Walmart Inc. shares 12 months out

$137.81

+14.28% against today price

52-week low $92.6652-week high $135.16
  • today$104.26
  • target$137.81

The target falls outside the 52-week range for Walmart Inc.; the marker is capped at the end.

Rise from the low of the past year+12.52%
Fall from the high of the past year−22.86%
  • Price today$104.26
  • Revisions, last 30 days11 ↑13 ↓
  • Expected earnings growth+12.39%
  • Analysts covering43

Analyst estimates, third-party source.

Transparency · MAR

fair value

Overvalued

What Walmart Inc. shares should cost, according to the valuation models of the best-known investors in history.

Estimated fair value

The average of the Graham, Buffett, Lynch models, and others.

$54.80−47.4% versus price

the price is 1.90 times the estimate from 4 models

×1×2
fair range $39.16 - $125.38price today $104.26

Logarithmic scale; the marks are multiples of the fair value.

Price versus estimate 1.90×Confidence in the estimate: HighSpread across models 40%Median of 4 models

These are estimates, not price targets: every model starts from assumptions about the future, and if the assumptions change, so does the number.

The models, one by one

7 methods with a value for Walmart Inc.. The fair value above is the median across 4 of them, chosen by how well they fit the company. All of them are here, for reference.

Graham Number$27.75−73.4% versus price
Buffett with growth$144.62+38.7% versus price
Buffett without growth$41.96−59.8% versus price
Lynch Fair Price$38.23−63.3% versus price
Earnings Power Value (EPV)$23.30−77.6% versus price
Absolute floor$23.14−77.8% versus price
DCF value$142.70+36.9% versus price

Transparency · MAR

projections

These are not predictions. The model splits the possible outcomes into ranges and reports how often the price landed in each, across similar cases in the past.

computed on 9 august 2026

Where the price could go

The price range Walmart Inc. shares could fall into, from six months out to five years

6 months

Where the price could go

The price range Walmart Inc. shares could fall into, from six months out to five years

+9.1%most likely · $131.52
Pessimistic −25%Optimistic +33%
  • Today's price$120.59
  • Median$131.52
Pessimistic scenario$90.43
Optimistic scenario$160.01

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

More often up

  • Chance it ends higher than today61%
  • Chance it beats the indexindex +4.8%55%
  • Chance of a gain over 20%23%
  • Chance of a drop over 10%24%
  • Chance of a drop over 20%14%

12 months

Where the price could go

The price range Walmart Inc. shares could fall into, from six months out to five years

+2.0%most likely · $123.02
Pessimistic −33%Optimistic +6%
  • Today's price$120.59
  • Median$123.02
Pessimistic scenario$81.08
Optimistic scenario$128.38

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

With what probability

Estimated chances for the next six months

No clear tilt

  • Chance it ends higher than today52%
  • Chance it beats the indexindex +9.6%36%
  • Chance of a gain over 20%9%
  • Chance of a drop over 10%40%
  • Chance of a drop over 20%18%

3 years

Where the price could go

The price range Walmart Inc. shares could fall into, from six months out to five years

+5.5%most likely · $127.21
Pessimistic +3%Optimistic +7%
  • Today's price$120.59
  • Median$127.21
Pessimistic scenario$124.42
Optimistic scenario$128.64

Expected growth over 3 years, per year: +1.8% per year, between +1% and +2%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+5.9%
  • the dividend+0.9%
  • multiple re-rating−5.0%

5 years

Where the price could go

The price range Walmart Inc. shares could fall into, from six months out to five years

+8.9%most likely · $131.35
Pessimistic +5%Optimistic +16%
  • Today's price$120.59
  • Median$131.35
Pessimistic scenario$127.03
Optimistic scenario$140.22

Expected growth over 5 years, per year: +1.7% per year, between +1% and +3%.

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Where the return comes from

Today's price embeds a high expectation. The model assumes investors will, over time, pay less for the same profit, and that difference is subtracted from the annual growth.

  • earnings growth+5.9%
  • the dividend+0.9%
  • multiple re-rating−5.0%

The estimates are generated automatically by a proprietary probabilistic machine-learning and AI model.

This information is general in nature and is not investment advice. In line with Regulation (EU) 596/2014 on market abuse and Regulation (EU) 2024/1689 on artificial intelligence. Past performance does not guarantee future results. Full methodology

Transparency · MAR

How the business is actually doing

The Business & Its Results

Fundamental analysis of Walmart Inc. (WMT) stock: how profitable the business is, how fast it grows, and how well it turns capital into profit. Across the three, the fundamental score comes to 39.2 out of 100, with quality the strong point and value the weak one.

39.2 · weak

value9.0/100
quality63.1/100
growth34.0/100
dividends50.8/100

the business and its results

Solid results

How profitable is it?

68 · solid

Capital invested in Walmart Inc. produces 16.89% a year, and shareholders' equity 23.16%. Above what most companies in the sector manage.

  • Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
  • Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
  • Gross profitabilityGross profit against assets — the quality measure proposed by Novy-Marx. High readings point to a durable competitive advantage.
  • Free cash flow marginHow much of sales is left as free cash after investment. Above ~15% is very healthy.
  • Cash operating profitabilityProfitability measured on cash actually collected, not on accounting profit. High readings mean reported profit is backed by real money.
  • ROIC − WACC spreadThe gap between the return on capital and what that capital costs. Positive means invested capital adds value. Negative means it destroys value.
  • Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.

How fast does it grow?

55 · solid

Walmart Inc. revenue grew 4.99% a year over the past five years, and net profit 10.14%.

  • Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • Free cash flow growth (5-year annual)Average yearly growth in free cash flow. Keeping pace with profit means growth is backed by real money.
  • Net income growth (5-year annual)Average yearly growth in net income. Steady and positive points to a predictable business model.
  • Rule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • Consecutive years of dividend growthHow many years in a row the dividend per share has grown, without a single break. A long streak shows a company that can afford to raise the payout to shareholders year after year.

Is profit backed by real cash?

68 · solid

The Walmart Inc. Piotroski score is 7 out of 9, and reported profit is backed by cash actually collected.

  • Piotroski F-score (0–9)Nine financial health checks; each one passed adds a point. 7 or more means improving fundamentals.
  • Montier C-score (0–6)Six warning signals about the quality of accounting. 0–1 is clean; 4 or above calls for caution.
  • Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.

How efficiently does it use its money?

57 · solid

Money put into sales comes back to Walmart Inc. in 3.2 days.

  • Cash conversion cycleHow many days pass between paying suppliers and collecting from customers. Low or negative means the company funds operations with its partners' money.
  • Cash conversion cycle (5-year average)The five-year average of the conversion cycle — it shows consistency, not just this year. Stable and low means durable operational discipline.
  • Cash conversion rateHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
  • ROIC minus WACC spread (5-year average)The same gap between the return on capital and its cost, but computed on the five-year average return rather than the current year. Positive and stable means growth worth financing.

The scores are percentiles against companies in the same sector, not absolute marks. A low score means the sector is doing better, not necessarily that the figures are bad.

financial data

The income statement, balance sheet and cash flows of Walmart Inc.. Totals and main components are shown by default; the rest open from “all rows”.

revenue$713.16 bn+4.7%201720262017$485.87 bn2018$500.34 bn2019$514.41 bn2020$523.96 bn2021$559.15 bn2022$572.75 bn2023$611.29 bn2024$648.13 bn2025$680.99 bn2026$713.16 bn
operating income$29.83 bn+1.6%201720262017$22.76 bn2018$20.44 bn2019$21.96 bn2020$20.57 bn2021$22.55 bn2022$25.94 bn2023$20.43 bn2024$27.01 bn2025$29.35 bn2026$29.83 bn
net income$21.89 bn+12.6%201720262017$13.64 bn2018$9.86 bn2019$6.67 bn2020$14.88 bn2021$13.51 bn2022$13.67 bn2023$11.68 bn2024$15.51 bn2025$19.44 bn2026$21.89 bn
Income statement, annual, 6 periods
 2026Δ 202520252024202320222021
$713.16 bn100%+4.7%$680.99 bn100%$648.13 bn100%$611.29 bn100%$572.75 bn100%$559.15 bn100%

Everything the company collected from sales, before any expense. At Walmart Inc., in 2026: $713.16 bn · Δ +4.7% (2025).

$535.40 bn75.1%+4.6%$511.75 bn75.1%$490.14 bn75.6%$463.72 bn75.9%$429.00 bn74.9%$420.32 bn75.2%

What it cost to produce what was sold: materials, labour, the factory. At Walmart Inc., in 2026: $535.40 bn · Δ +4.6% (2025).

$177.77 bn24.9%+5.0%$169.23 bn24.9%$157.98 bn24.4%$147.57 bn24.1%$143.75 bn25.1%$138.84 bn24.8%

What is left from sales after the direct cost of the product, before admin salaries and research. At Walmart Inc., in 2026: $177.77 bn · Δ +5.0% (2025).

gross margin24.9%24.9%24.9%24.9%24.4%24.4%24.1%24.1%25.1%25.1%24.8%24.8%
—-$139.88 bn20.5%$130.97 bn20.2%$127.14 bn20.8%$117.81 bn20.6%$116.29 bn20.8%

Sales and admin salaries, marketing, rent, everything that keeps the company running.

of which: selling and marketing—-—-$4.40 bn0.7%$4.10 bn0.7%$3.90 bn0.7%$3.20 bn0.6%
$683.34 bn95.8%+4.9%$651.64 bn95.7%$621.11 bn95.8%$590.86 bn96.7%$546.81 bn95.5%$536.60 bn96.0%

The sum of all costs: cost of product plus operating expenses. At Walmart Inc., in 2026: $683.34 bn · Δ +4.9% (2025).

$147.94 bn20.7%+5.8%$139.88 bn20.5%$130.97 bn20.2%$127.14 bn20.8%$117.81 bn20.6%$116.29 bn20.8%

The sum of expenses that do not go directly into the product. At Walmart Inc., in 2026: $147.94 bn · Δ +5.8% (2025).

$29.83 bn4.2%+1.6%$29.35 bn4.3%$27.01 bn4.2%$20.43 bn3.3%$25.94 bn4.5%$22.55 bn4.0%

Profit from the core business, before interest and tax. At Walmart Inc., in 2026: $29.83 bn · Δ +1.6% (2025).

operating margin4.2%4.2%4.3%4.3%4.2%4.2%3.3%3.3%4.5%4.5%4.0%4.0%
$46.47 bn6.5%+10.6%$42.01 bn6.2%$36.38 bn5.6%$30.09 bn4.9%$31.35 bn5.5%$34.03 bn6.1%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Walmart Inc., in 2026: $46.47 bn · Δ +10.6% (2025).

$32.27 bn4.5%+11.1%$29.04 bn4.3%$24.53 bn3.8%$19.14 bn3.1%$20.69 bn3.6%$22.88 bn4.1%

Profit before interest and tax. At Walmart Inc., in 2026: $32.27 bn · Δ +11.1% (2025).

Depreciation and amortisation$14.20 bn2.0%+9.5%$12.97 bn1.9%$11.85 bn1.8%$10.95 bn1.8%$10.66 bn1.9%$11.15 bn2.0%
Reconciled depreciation$14.20 bn2.0%+9.5%$12.97 bn1.9%$11.85 bn1.8%$10.95 bn1.8%$10.66 bn1.9%$11.15 bn2.0%
Interest income$368.0 m0.1%−23.8%$483.0 m0.1%$546.0 m0.1%$1.87 bn0.3%$1.84 bn0.3%$121.0 m0.0%
Interest expense$2.80 bn0.4%+2.6%$2.73 bn0.4%$2.68 bn0.4%$2.13 bn0.3%$1.99 bn0.3%$2.32 bn0.4%
Net interest income−$2.43 bn-0.3%−8.3%−$2.25 bn-0.3%−$2.14 bn-0.3%−$1.87 bn-0.3%−$1.84 bn-0.3%−$2.19 bn-0.4%
—-—-—-−$1.54 bn-0.3%−$5.41 bn-0.9%$210.0 m0.0%

Gains and losses that do not come from the core business.

−$356.0 m0.0%+88.3%−$3.04 bn-0.4%−$5.16 bn-0.8%−$3.41 bn-0.6%−$7.25 bn-1.3%−$1.98 bn-0.4%

The balance of all non-operating income and expense. At Walmart Inc., in 2026: −$356.0 m · Δ +88.3% (2025).

$29.47 bn4.1%+12.0%$26.31 bn3.9%$21.85 bn3.4%$17.02 bn2.8%$18.70 bn3.3%$20.56 bn3.7%

Profit left after interest, but before the state takes its share. At Walmart Inc., in 2026: $29.47 bn · Δ +12.0% (2025).

$7.20 bn1.0%+17.0%$6.15 bn0.9%$5.58 bn0.9%$5.72 bn0.9%$4.76 bn0.8%$6.86 bn1.2%

Income tax owed for the period. At Walmart Inc., in 2026: $7.20 bn · Δ +17.0% (2025).

Tax provision$7.20 bn1.0%+17.0%$6.15 bn0.9%$5.58 bn0.9%$5.72 bn0.9%$4.76 bn0.8%$6.86 bn1.2%
Minority interest−$377.0 m-0.1%+47.7%−$721.0 m-0.1%−$759.0 m-0.1%$388.0 m0.1%−$267.0 m0.0%$6.61 bn1.2%
$22.27 bn3.1%+10.5%$20.16 bn3.0%$16.27 bn2.5%$11.29 bn1.8%$13.94 bn2.4%$13.71 bn2.5%

Profit from the businesses the company will still have next year. At Walmart Inc., in 2026: $22.27 bn · Δ +10.5% (2025).

$21.89 bn3.1%+12.6%$19.44 bn2.9%$15.51 bn2.4%$11.68 bn1.9%$13.67 bn2.4%$13.51 bn2.4%

The profit left for shareholders after absolutely every expense. At Walmart Inc., in 2026: $21.89 bn · Δ +12.6% (2025).

net margin3.1%3.1%2.9%2.9%2.4%2.4%1.9%1.9%2.4%2.4%2.4%2.4%
—-$19.44 bn2.9%$15.51 bn2.4%$11.68 bn1.9%$13.67 bn2.4%$13.51 bn2.4%

The share of profit that belongs to ordinary shares.

revenue$177.75 bn+7.3%Q3 24Q2 26Q3 24$169.34 bnQ4 24$169.59 bnQ1 25$180.55 bnQ2 25$165.61 bnQ3 25$177.40 bnQ4 25$179.50 bnQ1 26$190.66 bnQ2 26$177.75 bn
operating income$7.49 bn+5.0%Q3 24Q2 26Q3 24$7.94 bnQ4 24$6.71 bnQ1 25$7.86 bnQ2 25$7.14 bnQ3 25$7.29 bnQ4 25$6.70 bnQ1 26$8.71 bnQ2 26$7.49 bn
net income$5.65 bn+25.9%Q3 24Q2 26Q3 24$4.50 bnQ4 24$4.58 bnQ1 25$5.25 bnQ2 25$4.49 bnQ3 25$7.03 bnQ4 25$6.14 bnQ1 26$4.24 bnQ2 26$5.65 bn
Income statement, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$177.75 bn100%+7.3%$190.66 bn100%$179.50 bn100%$177.40 bn100%$165.61 bn100%$180.55 bn100%

Everything the company collected from sales, before any expense. At Walmart Inc., in Q2 26: $177.75 bn · Δ +7.3% (Q2 25).

$133.06 bn74.9%+7.0%$143.62 bn75.3%$134.71 bn75.0%$132.77 bn74.8%$124.30 bn75.1%$136.17 bn75.4%

What it cost to produce what was sold: materials, labour, the factory. At Walmart Inc., in Q2 26: $133.06 bn · Δ +7.0% (Q2 25).

$44.69 bn25.1%+8.2%$47.04 bn24.7%$44.79 bn25.0%$44.63 bn25.2%$41.31 bn24.9%$44.38 bn24.6%

What is left from sales after the direct cost of the product, before admin salaries and research. At Walmart Inc., in Q2 26: $44.69 bn · Δ +8.2% (Q2 25).

gross margin25.1%25.1%24.7%24.7%25.0%25.0%25.2%25.2%24.9%24.9%24.6%24.6%
$37.20 bn20.9%+8.9%—-$38.09 bn21.2%$37.35 bn21.1%$34.17 bn20.6%$36.52 bn20.2%

Sales and admin salaries, marketing, rent, everything that keeps the company running. At Walmart Inc., in Q2 26: $37.20 bn · Δ +8.9% (Q2 25).

$170.26 bn95.8%+7.4%$181.95 bn95.4%$172.80 bn96.3%$170.12 bn95.9%$158.47 bn95.7%$172.70 bn95.6%

The sum of all costs: cost of product plus operating expenses. At Walmart Inc., in Q2 26: $170.26 bn · Δ +7.4% (Q2 25).

$37.20 bn20.9%+8.9%$38.33 bn20.1%$38.09 bn21.2%$37.35 bn21.1%$34.17 bn20.6%$36.52 bn20.2%

The sum of expenses that do not go directly into the product. At Walmart Inc., in Q2 26: $37.20 bn · Δ +8.9% (Q2 25).

$7.49 bn4.2%+5.0%$8.71 bn4.6%$6.70 bn3.7%$7.29 bn4.1%$7.14 bn4.3%$7.86 bn4.4%

Profit from the core business, before interest and tax. At Walmart Inc., in Q2 26: $7.49 bn · Δ +5.0% (Q2 25).

operating margin4.2%4.2%4.6%4.6%3.7%3.7%4.1%4.1%4.3%4.3%4.4%4.4%
$7.85 bn4.4%−21.5%$10.42 bn5.5%$12.48 bn7.0%$13.58 bn7.7%$10.00 bn6.0%$11.05 bn6.1%

Profit before interest, tax and depreciation. Close to the cash the business produces. At Walmart Inc., in Q2 26: $7.85 bn · Δ −21.5% (Q2 25).

—-$6.68 bn3.5%$8.87 bn4.9%$10.09 bn5.7%$6.63 bn4.0%$7.68 bn4.3%

Profit before interest and tax.

Depreciation and amortisation—-$3.74 bn2.0%$3.61 bn2.0%$3.49 bn2.0%$3.37 bn2.0%$3.37 bn1.9%
Reconciled depreciation—-$3.74 bn2.0%$3.61 bn2.0%$3.49 bn2.0%$3.37 bn2.0%$3.37 bn1.9%
Interest income—-$88.0 m0.0%$93.0 m0.1%$94.0 m0.1%$93.0 m0.1%$115.0 m0.1%
Interest expense$699.0 m0.4%+9.7%$709.0 m0.4%$684.0 m0.4%$769.0 m0.4%$637.0 m0.4%$717.0 m0.4%
Net interest income—-−$621.0 m-0.3%−$591.0 m-0.3%−$675.0 m-0.4%−$544.0 m-0.3%−$602.0 m-0.3%
−$345.0 m-0.2%+69.8%−$2.74 bn-1.4%$1.49 bn0.8%$2.03 bn1.1%−$1.14 bn-0.7%−$896.0 m-0.5%

The balance of all non-operating income and expense. At Walmart Inc., in Q2 26: −$345.0 m · Δ +69.8% (Q2 25).

$7.15 bn4.0%+19.3%$5.97 bn3.1%$8.19 bn4.6%$9.32 bn5.3%$5.99 bn3.6%$6.96 bn3.9%

Profit left after interest, but before the state takes its share. At Walmart Inc., in Q2 26: $7.15 bn · Δ +19.3% (Q2 25).

$1.66 bn0.9%+22.4%$1.58 bn0.8%$2.10 bn1.2%$2.17 bn1.2%$1.36 bn0.8%$1.54 bn0.9%

Income tax owed for the period. At Walmart Inc., in Q2 26: $1.66 bn · Δ +22.4% (Q2 25).

Tax provision—-$1.58 bn0.8%$2.10 bn1.2%$2.17 bn1.2%$1.36 bn0.8%$1.54 bn0.9%
Minority interest—-−$155.0 m-0.1%$55.0 m0.0%−$125.0 m-0.1%−$152.0 m-0.1%−$171.0 m-0.1%
—-$4.39 bn2.3%$6.09 bn3.4%$7.15 bn4.0%$4.64 bn2.8%$5.43 bn3.0%

Profit from the businesses the company will still have next year.

$5.65 bn3.2%+25.9%$4.24 bn2.2%$6.14 bn3.4%$7.03 bn4.0%$4.49 bn2.7%$5.25 bn2.9%

The profit left for shareholders after absolutely every expense. At Walmart Inc., in Q2 26: $5.65 bn · Δ +25.9% (Q2 25).

net margin3.2%3.2%2.2%2.2%3.4%3.4%4.0%4.0%2.7%2.7%2.9%2.9%
—-—-$6.14 bn3.4%$7.03 bn4.0%$4.49 bn2.7%$5.25 bn2.9%

The share of profit that belongs to ordinary shares.

total assets$284.67 bn+9.1%201720262017$198.83 bn2018$204.52 bn2019$219.30 bn2020$236.50 bn2021$252.50 bn2022$244.86 bn2023$243.46 bn2024$252.40 bn2025$260.82 bn2026$284.67 bn
total liabilities$178.49 bn+9.4%201720262017$118.29 bn2018$123.70 bn2019$139.66 bn2020$154.94 bn2021$164.97 bn2022$152.97 bn2023$159.47 bn2024$161.83 bn2025$163.13 bn2026$178.49 bn
shareholders equity$99.62 bn+9.5%201720262017$80.54 bn2018$80.82 bn2019$79.63 bn2020$81.55 bn2021$87.53 bn2022$91.89 bn2023$83.99 bn2024$90.57 bn2025$91.01 bn2026$99.62 bn
Balance sheet, annual, 6 periods
 2026Δ 202520252024202320222021
$284.67 bn100%+9.1%$260.82 bn100%$252.40 bn100%$243.46 bn100%$244.86 bn100%$252.50 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Walmart Inc., in 2026: $284.67 bn · Δ +9.1% (2025).

$84.87 bn29.8%+6.8%$79.46 bn30.5%$76.88 bn30.5%$75.92 bn31.2%$81.07 bn33.1%$90.07 bn35.7%

What turns into money in less than a year. At Walmart Inc., in 2026: $84.87 bn · Δ +6.8% (2025).

Cash$10.73 bn3.8%+18.7%$9.04 bn3.5%$9.87 bn3.9%$8.89 bn3.6%$14.76 bn6.0%$17.74 bn7.0%
Cash and equivalents—-$9.04 bn3.5%$9.87 bn3.9%$8.89 bn3.6%$14.76 bn6.0%$17.74 bn7.0%
Cash and short-term investments$10.73 bn3.8%+18.7%$9.04 bn3.5%$9.87 bn3.9%$8.89 bn3.6%$14.76 bn6.0%$17.74 bn7.0%
Net receivables$11.17 bn3.9%+12.0%$9.98 bn3.8%$8.80 bn3.5%$7.93 bn3.3%$8.28 bn3.4%$6.52 bn2.6%
Inventory$58.85 bn20.7%+4.3%$56.44 bn21.6%$54.89 bn21.7%$56.58 bn23.2%$56.51 bn23.1%$44.95 bn17.8%
Other current assets$4.12 bn1.4%+2.8%$4.01 bn1.5%$3.32 bn1.3%$2.52 bn1.0%$1.52 bn0.6%$20.86 bn8.3%
$199.79 bn70.2%+10.2%$181.37 bn69.5%$175.52 bn69.5%$167.54 bn68.8%$163.79 bn66.9%$162.43 bn64.3%

What stays in the company for years: buildings, machinery, licences. At Walmart Inc., in 2026: $199.79 bn · Δ +10.2% (2025).

Property, plant and equipment—-$139.70 bn53.6%$130.34 bn51.6%$119.23 bn49.0%$112.62 bn46.0%$109.85 bn43.5%
PP&E, net$156.96 bn55.1%+12.3%$139.70 bn53.6%$130.34 bn51.6%$119.23 bn49.0%$112.62 bn46.0%$109.85 bn43.5%
$277.29 bn97.4%+10.3%$251.33 bn96.4%$239.39 bn94.8%$119.23 bn49.0%$112.62 bn46.0%$109.85 bn43.5%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value. At Walmart Inc., in 2026: $277.29 bn · Δ +10.3% (2025).

Goodwill$28.74 bn10.1%−0.2%$28.79 bn11.0%$28.11 bn11.1%$28.17 bn11.6%$29.01 bn11.8%$28.98 bn11.5%
Intangible assets—-$4.50 bn1.7%$4.10 bn1.6%$4.30 bn1.8%$4.80 bn2.0%$4.90 bn1.9%
Other non-current assets$14.10 bn5.0%+9.6%$12.87 bn4.9%$17.07 bn6.8%−$5.22 bn-2.1%$22.15 bn9.0%$23.60 bn9.3%
Other assets—-$8.37 bn3.2%$17.07 bn6.8%$20.13 bn8.3%$22.15 bn9.0%$3.74 bn1.5%
$178.49 bn62.7%+9.4%$163.13 bn62.5%$161.83 bn64.1%$159.47 bn65.5%$152.97 bn62.5%$164.97 bn65.3%

Everything the company owes, to banks and suppliers alike. At Walmart Inc., in 2026: $178.49 bn · Δ +9.4% (2025).

$107.47 bn37.8%+11.3%$96.58 bn37.0%$92.42 bn36.6%$92.46 bn38.0%$87.38 bn35.7%$92.65 bn36.7%

Debts due in less than a year. At Walmart Inc., in 2026: $107.47 bn · Δ +11.3% (2025).

Accounts payable$63.06 bn22.2%+7.5%$58.67 bn22.5%$56.81 bn22.5%$54.00 bn22.2%$55.26 bn22.6%$49.14 bn19.5%
Short-term debt$12.63 bn4.4%+58.5%$7.97 bn3.1%$5.66 bn2.2%$6.60 bn2.7%$5.21 bn2.1%$5.30 bn2.1%
Current portion of long-term debt$10.14 bn3.6%+78.9%$5.67 bn2.2%$4.33 bn1.7%$4.56 bn1.9%$3.21 bn1.3%$3.34 bn1.3%
Deferred revenue$2.94 bn1.0%+6.8%$2.76 bn1.1%$307.0 m0.1%$2.49 bn1.0%$2.56 bn1.0%$2.31 bn0.9%
Other current liabilities$28.25 bn9.9%+6.2%$26.59 bn10.2%$29.64 bn11.7%$29.37 bn12.1%$24.35 bn9.9%$35.90 bn14.2%
$71.02 bn24.9%+6.7%$66.55 bn25.5%$69.41 bn27.5%$67.01 bn27.5%$65.59 bn26.8%$72.32 bn28.6%

Debts due beyond one year. At Walmart Inc., in 2026: $71.02 bn · Δ +6.7% (2025).

Long-term debt$34.62 bn12.2%+3.7%$33.40 bn12.8%$36.13 bn14.3%$34.65 bn14.2%$34.86 bn14.2%$41.19 bn16.3%
Total long-term debt—-$39.32 bn15.1%$41.84 bn16.6%$39.49 bn16.2%$39.11 bn16.0%$45.04 bn17.8%
Capital lease obligations$22.33 bn7.8%+6.1%$21.05 bn8.1%$20.86 bn8.3%$19.71 bn8.1%$19.25 bn7.9%$18.71 bn7.4%
Other non-current liabilities$16.55 bn5.8%+14.9%$14.40 bn5.5%$14.63 bn5.8%$14.69 bn6.0%$13.47 bn5.5%$14.37 bn5.7%
of which: deferred liabilities—-—-—-$14.69 bn6.0%$13.47 bn5.5%$14.37 bn5.7%
Other liabilities—-—-—-$12.58 bn5.2%$13.47 bn5.5%$13.91 bn5.5%
$99.62 bn35.0%+9.5%$91.01 bn34.9%$90.57 bn35.9%$83.99 bn34.5%$91.89 bn37.5%$87.53 bn34.7%

What would be left for shareholders if everything were sold and every debt paid. At Walmart Inc., in 2026: $99.62 bn · Δ +9.5% (2025).

$797.0 m0.3%−0.6%$802.0 m0.3%$268.0 m0.1%$269.0 m0.1%$276.0 m0.1%$282.0 m0.1%

Money put in by shareholders at founding and at capital raises. At Walmart Inc., in 2026: $797.0 m · Δ −0.6% (2025).

$797.0 m0.3%−0.6%$802.0 m0.3%$805.0 m0.3%$269.0 m0.1%$276.0 m0.1%$282.0 m0.1%

Capital subscribed by shareholders. At Walmart Inc., in 2026: $797.0 m · Δ −0.6% (2025).

—-$5.50 bn2.1%$4.54 bn1.8%$4.97 bn2.0%$4.84 bn2.0%$3.65 bn1.4%

What was paid above the nominal value of the shares.

$104.77 bn36.8%+6.6%$98.31 bn37.7%$89.81 bn35.6%$83.14 bn34.1%$86.90 bn35.5%$88.76 bn35.2%

Past years’ profits the company kept instead of distributing. At Walmart Inc., in 2026: $104.77 bn · Δ +6.6% (2025).

Retained earnings, total—-—-—-$83.14 bn34.1%$86.90 bn35.5%$88.76 bn35.2%
Accumulated other comprehensive income−$12.77 bn-4.5%+6.1%−$13.61 bn-5.2%−$11.30 bn-4.5%−$11.68 bn-4.8%−$8.77 bn-3.6%−$11.39 bn-4.5%
Other equity items$6.82 bn2.4%+23.9%$5.50 bn2.1%$5.08 bn2.0%$4.97 bn2.0%$4.84 bn2.0%$3.65 bn1.4%
Common stock, total—-—-—-$269.0 m0.1%$276.0 m0.1%$282.0 m0.1%
Non-controlling interests—-—-—-$7.06 bn2.9%$8.64 bn3.5%$6.61 bn2.6%
$284.67 bn100%+9.1%$260.82 bn100%$252.40 bn100%$243.46 bn100%$244.86 bn100%$252.50 bn100%

Liabilities plus equity. Must equal total assets. At Walmart Inc., in 2026: $284.67 bn · Δ +9.1% (2025).

$56.37 bn19.8%+10.4%$51.08 bn19.6%$50.58 bn20.0%$50.04 bn20.6%$42.56 bn17.4%$45.51 bn18.0%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Walmart Inc., in 2026: $56.37 bn · Δ +10.4% (2025).

$67.10 bn23.6%+11.6%$60.11 bn23.0%$60.44 bn23.9%$58.92 bn24.2%$57.32 bn23.4%$63.25 bn25.0%

All borrowings, short and long term. At Walmart Inc., in 2026: $67.10 bn · Δ +11.6% (2025).

−$22.60 bn-7.9%−31.9%−$17.13 bn-6.6%−$15.54 bn-6.2%−$16.54 bn-6.8%−$6.31 bn-2.6%−$2.58 bn-1.0%

The difference between what it collects and what it pays in the short term. At Walmart Inc., in 2026: −$22.60 bn · Δ −31.9% (2025).

—-—-—-$66.43 bn27.3%$54.24 bn22.2%$47.04 bn18.6%

Assets without goodwill and licences, that is only what can be touched.

$144.38 bn50.7%+11.0%$130.08 bn49.9%$124.32 bn49.3%$115.91 bn47.6%$121.33 bn49.6%$125.46 bn49.7%

The capital the business actually has at work. At Walmart Inc., in 2026: $144.38 bn · Δ +11.0% (2025).

8.02 bn-−0.7%8.08 bn-8.11 bn-8.20 bn-8.42 bn-8.54 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Walmart Inc., in 2026: $8.02 bn · Δ −0.7% (2025).

Warrants—-—-—-237.0 m-—-—-
total assets$289.61 bn+10.4%Q3 24Q2 26Q3 24$254.44 bnQ4 24$263.40 bnQ1 25$260.82 bnQ2 25$262.37 bnQ3 25$270.84 bnQ4 25$288.66 bnQ1 26$284.67 bnQ2 26$289.61 bn
total liabilities$188.93 bn+10.0%Q3 24Q2 26Q3 24$163.67 bnQ4 24$168.93 bnQ1 25$163.13 bnQ2 25$171.72 bnQ3 25$173.98 bnQ4 25$186.14 bnQ1 26$178.49 bnQ2 26$188.93 bn
shareholders equity$94.33 bn+12.6%Q3 24Q2 26Q3 24$84.42 bnQ4 24$88.11 bnQ1 25$91.01 bnQ2 25$83.79 bnQ3 25$90.11 bnQ4 25$96.09 bnQ1 26$99.62 bnQ2 26$94.33 bn
Balance sheet, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$289.61 bn100%+10.4%$284.67 bn100%$288.66 bn100%$270.84 bn100%$262.37 bn100%$260.82 bn100%

Everything the company owns: factories, inventory, cash, receivables. At Walmart Inc., in Q2 26: $289.61 bn · Δ +10.4% (Q2 25).

$88.39 bn30.5%+10.1%$84.87 bn29.8%$92.92 bn32.2%$82.03 bn30.3%$80.25 bn30.6%$79.46 bn30.5%

What turns into money in less than a year. At Walmart Inc., in Q2 26: $88.39 bn · Δ +10.1% (Q2 25).

Cash$10.73 bn3.7%+15.2%$10.73 bn3.8%$10.58 bn3.7%$9.43 bn3.5%$9.31 bn3.5%$9.04 bn3.5%
Cash and equivalents—-—-$10.58 bn3.7%$9.43 bn3.5%$9.31 bn3.5%$9.04 bn3.5%
Cash and short-term investments$10.73 bn3.7%+15.2%$10.73 bn3.8%$10.58 bn3.7%$9.43 bn3.5%$9.31 bn3.5%$9.04 bn3.5%
Net receivables$10.66 bn3.7%+10.1%$11.17 bn3.9%$12.12 bn4.2%$10.52 bn3.9%$9.69 bn3.7%$9.98 bn3.8%
Inventory$62.57 bn21.6%+8.9%$58.85 bn20.7%$65.35 bn22.6%$57.73 bn21.3%$57.47 bn21.9%$56.44 bn21.6%
Other current assets$4.43 bn1.5%+17.0%$4.12 bn1.4%$4.87 bn1.7%$4.36 bn1.6%$3.79 bn1.4%$4.01 bn1.5%
$201.22 bn69.5%+10.5%$199.79 bn70.2%$195.74 bn67.8%$188.80 bn69.7%$182.12 bn69.4%$181.37 bn69.5%

What stays in the company for years: buildings, machinery, licences. At Walmart Inc., in Q2 26: $201.22 bn · Δ +10.5% (Q2 25).

Property, plant and equipment—-—-$150.84 bn52.3%$145.56 bn53.7%$140.88 bn53.7%$139.70 bn53.6%
PP&E, net$159.04 bn54.9%+12.9%$156.96 bn55.1%$150.84 bn52.3%$145.56 bn53.7%$140.88 bn53.7%$139.70 bn53.6%
—-$277.29 bn97.4%$150.84 bn52.3%$145.56 bn53.7%$140.88 bn53.7%$251.33 bn96.4%

The purchase value of buildings and machinery, before accumulated depreciation. That is why it exceeds the net value.

Goodwill$28.15 bn9.7%−2.5%$28.74 bn10.1%$28.72 bn10.0%$29.06 bn10.7%$28.87 bn11.0%$28.79 bn11.0%
Other non-current assets$14.02 bn4.8%+13.3%$14.10 bn5.0%$16.17 bn5.6%$14.19 bn5.2%$12.37 bn4.7%$12.87 bn4.9%
Other assets—-—-$16.17 bn5.6%$14.19 bn5.2%$12.37 bn4.7%$12.87 bn4.9%
$188.93 bn65.2%+10.0%$178.49 bn62.7%$186.14 bn64.5%$173.98 bn64.2%$171.72 bn65.5%$163.13 bn62.5%

Everything the company owes, to banks and suppliers alike. At Walmart Inc., in Q2 26: $188.93 bn · Δ +10.0% (Q2 25).

$114.88 bn39.7%+11.6%$107.47 bn37.8%$115.73 bn40.1%$103.57 bn38.2%$102.92 bn39.2%$96.58 bn37.0%

Debts due in less than a year. At Walmart Inc., in Q2 26: $114.88 bn · Δ +11.6% (Q2 25).

Accounts payable$62.88 bn21.7%+9.0%$63.06 bn22.2%$67.16 bn23.3%$60.09 bn22.2%$57.70 bn22.0%$58.67 bn22.5%
Short-term debt$17.08 bn5.9%+42.2%$12.63 bn4.4%$14.36 bn5.0%$10.26 bn3.8%$12.01 bn4.6%$7.97 bn3.1%
Current portion of long-term debt—-$10.14 bn3.6%$11.92 bn4.1%$7.85 bn2.9%$9.68 bn3.7%$5.67 bn2.2%
Deferred revenue—-$2.94 bn1.0%—-—-—-$2.76 bn1.1%
Other current liabilities$33.74 bn11.7%+6.3%$28.25 bn9.9%$33.43 bn11.6%$33.22 bn12.3%$31.75 bn12.1%$26.59 bn10.2%
$74.05 bn25.6%+7.6%$71.02 bn24.9%$70.41 bn24.4%$70.41 bn26.0%$68.80 bn26.2%$66.55 bn25.5%

Debts due beyond one year. At Walmart Inc., in Q2 26: $74.05 bn · Δ +7.6% (Q2 25).

Long-term debt—-$34.62 bn12.2%$34.45 bn11.9%$35.64 bn13.2%$36.52 bn13.9%$33.40 bn12.8%
Total long-term debt—-—-$40.36 bn14.0%$41.59 bn15.4%$42.40 bn16.2%$39.32 bn15.1%
Capital lease obligations—-$22.33 bn7.8%$22.06 bn7.6%$21.53 bn7.9%$21.01 bn8.0%$21.05 bn8.1%
Other non-current liabilities—-$16.55 bn5.8%$16.35 bn5.7%$15.66 bn5.8%$13.61 bn5.2%$14.40 bn5.5%
$94.33 bn32.6%+12.6%$99.62 bn35.0%$96.09 bn33.3%$90.11 bn33.3%$83.79 bn31.9%$91.01 bn34.9%

What would be left for shareholders if everything were sold and every debt paid. At Walmart Inc., in Q2 26: $94.33 bn · Δ +12.6% (Q2 25).

$796.0 m0.3%−0.4%$797.0 m0.3%$797.0 m0.3%$797.0 m0.3%$799.0 m0.3%$802.0 m0.3%

Money put in by shareholders at founding and at capital raises. At Walmart Inc., in Q2 26: $796.0 m · Δ −0.4% (Q2 25).

—-$797.0 m0.3%$797.0 m0.3%$797.0 m0.3%$799.0 m0.3%$802.0 m0.3%

Capital subscribed by shareholders.

—-—-$6.86 bn2.4%$5.72 bn2.1%$5.44 bn2.1%$5.50 bn2.1%

What was paid above the nominal value of the shares.

$100.24 bn34.6%+10.3%$104.77 bn36.8%$101.56 bn35.2%$96.33 bn35.6%$90.85 bn34.6%$98.31 bn37.7%

Past years’ profits the company kept instead of distributing. At Walmart Inc., in Q2 26: $100.24 bn · Δ +10.3% (Q2 25).

Accumulated other comprehensive income−$13.61 bn-4.7%−2.3%−$12.77 bn-4.5%−$13.12 bn-4.5%−$12.73 bn-4.7%−$13.30 bn-5.1%−$13.61 bn-5.2%
Other equity items$6.90 bn2.4%+26.8%$6.82 bn2.4%$6.86 bn2.4%$5.72 bn2.1%$5.44 bn2.1%$5.50 bn2.1%
$289.61 bn100%+10.4%$284.67 bn100%$288.66 bn100%$270.84 bn100%$262.37 bn100%$260.82 bn100%

Liabilities plus equity. Must equal total assets. At Walmart Inc., in Q2 26: $289.61 bn · Δ +10.4% (Q2 25).

$63.45 bn21.9%+9.6%$56.37 bn19.8%$57.84 bn20.0%$55.58 bn20.5%$57.89 bn22.1%$51.08 bn19.6%

Debt left after subtracting cash in the bank. Negative means more money than debt. At Walmart Inc., in Q2 26: $63.45 bn · Δ +9.6% (Q2 25).

$74.18 bn25.6%+10.4%$67.10 bn23.6%$68.42 bn23.7%$65.01 bn24.0%$67.21 bn25.6%$60.11 bn23.0%

All borrowings, short and long term. At Walmart Inc., in Q2 26: $74.18 bn · Δ +10.4% (Q2 25).

—-−$22.60 bn-7.9%−$22.81 bn-7.9%−$21.53 bn-8.0%−$22.67 bn-8.6%−$17.13 bn-6.6%

The difference between what it collects and what it pays in the short term.

—-$144.38 bn50.7%$142.46 bn49.4%$133.60 bn49.3%$129.99 bn49.5%$130.08 bn49.9%

The capital the business actually has at work.

8.00 bn-−0.6%8.01 bn-8.01 bn-8.02 bn-8.05 bn-8.08 bn-

How many shares exist. If the number rises, each shareholder’s slice shrinks. At Walmart Inc., in Q2 26: $8.00 bn · Δ −0.6% (Q2 25).

from operations$41.57 bn+14.1%201720262017$31.67 bn2018$28.34 bn2019$27.75 bn2020$25.26 bn2021$36.07 bn2022$24.18 bn2023$29.10 bn2024$35.73 bn2025$36.44 bn2026$41.57 bn
from investing−$26.35 bn−23.3%201720262017−$13.90 bn2018−$9.08 bn2019−$24.04 bn2020−$9.13 bn2021−$10.07 bn2022−$6.02 bn2023−$17.72 bn2024−$21.29 bn2025−$21.38 bn2026−$26.35 bn
from financing−$13.55 bn+8.6%201720262017−$19.07 bn2018−$19.88 bn2019−$2.54 bn2020−$14.30 bn2021−$16.12 bn2022−$22.83 bn2023−$17.04 bn2024−$13.41 bn2025−$14.82 bn2026−$13.55 bn
Cash flows, annual, 6 periods
 2026Δ 202520252024202320222021
$22.27 bn-+10.5%$20.16 bn-$16.27 bn-$11.29 bn-$13.94 bn-$13.71 bn-

The profit left for shareholders after absolutely every expense. At Walmart Inc., in 2026: $22.27 bn · Δ +10.5% (2025).

$14.20 bn-+9.5%$12.97 bn-$11.85 bn-$10.95 bn-$10.66 bn-$11.15 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Walmart Inc., in 2026: $14.20 bn · Δ +9.5% (2025).

—-—-$2.09 bn-$1.58 bn-$1.16 bn-$1.17 bn-

Shares given to employees instead of money. No cash cost, but it dilutes shareholders.

—-—-—-$4.05 bn-$6.45 bn-$3.44 bn-

Adjustments that bring accounting profit closer to money collected.

$752.0 m-+315%$181.0 m-$1.94 bn-$2.81 bn-−$6.60 bn-$7.97 bn-

Money tied up in or released from inventory, receivables and payables. At Walmart Inc., in 2026: $752.0 m · Δ +315% (2025).

of which: receivables−$1.14 bn-−2.7%−$1.11 bn-−$797.0 m-$240.0 m-−$1.80 bn-−$1.09 bn-
of which: receivables, total—-—-—-$240.0 m-−$1.80 bn-−$1.09 bn-
of which: inventory−$1.44 bn-+47.6%−$2.76 bn-$2.02 bn-−$528.0 m-−$11.76 bn-−$2.40 bn-
of which: liabilities—-—-—-$2.84 bn-$5.52 bn-$6.97 bn-
of which: other changes—-—-—-$4.39 bn-$1.40 bn-$4.62 bn-
Other non-cash items$2.06 bn-−45.2%$3.77 bn-$5.84 bn-$3.60 bn-$6.94 bn-−$7.07 bn-
$41.57 bn-+14.1%$36.44 bn-$35.73 bn-$29.10 bn-$24.18 bn-$36.07 bn-

The money the business actually produced, before investment. At Walmart Inc., in 2026: $41.57 bn · Δ +14.1% (2025).

$26.64 bn-+12.0%$23.78 bn-$20.61 bn-$16.86 bn-$13.11 bn-$10.26 bn-

Money put into factories, machinery and equipment. At Walmart Inc., in 2026: $26.64 bn · Δ +12.0% (2025).

$927.0 m-+104%−$21.38 bn-−$21.29 bn-−$17.72 bn-−$6.02 bn-−$10.07 bn-

Purchases and sales of financial holdings. At Walmart Inc., in 2026: $927.0 m · Δ +104% (2025).

Other investing flows−$582.0 m-−365%$220.0 m-−$807.0 m-−$865.0 m-−$879.0 m-$102.0 m-
−$26.35 bn-−23.3%−$21.38 bn-−$21.29 bn-−$17.72 bn-−$6.02 bn-−$10.07 bn-

The balance of investing cash. Negative means the company is building. At Walmart Inc., in 2026: −$26.35 bn · Δ −23.3% (2025).

−$8.09 bn-−80.0%−$4.49 bn-−$2.78 bn-−$9.92 bn-−$9.79 bn-−$2.63 bn-

Shares bought back from the market or issued. At Walmart Inc., in 2026: −$8.09 bn · Δ −80.0% (2025).

$7.51 bn-+12.2%$6.69 bn-$6.14 bn-$6.11 bn-$6.15 bn-$6.12 bn-

Money given to shareholders as dividends. At Walmart Inc., in 2026: $7.51 bn · Δ +12.2% (2025).

$4.88 bn-+489%−$1.26 bn-$1.26 bn-$2.32 bn-−$5.87 bn-−$5.71 bn-

Loans taken minus loans repaid. At Walmart Inc., in 2026: $4.88 bn · Δ +489% (2025).

Other financing flows$684.0 m-+129%−$2.38 bn-−$5.76 bn-$1.68 bn-$6.12 bn-−$1.67 bn-
−$13.55 bn-+8.6%−$14.82 bn-−$13.41 bn-−$17.04 bn-−$22.83 bn-−$16.12 bn-

The balance of financing cash: loans, dividends, buybacks. At Walmart Inc., in 2026: −$13.55 bn · Δ +8.6% (2025).

$1.79 bn-+547%−$399.0 m-$1.09 bn-−$5.73 bn-−$2.95 bn-$8.27 bn-

How much the cash in the bank rose or fell. At Walmart Inc., in 2026: $1.79 bn · Δ +547% (2025).

Change in cash and equivalents—-—-—-−$5.92 bn-−$4.66 bn-$9.89 bn-
$9.54 bn-−4.0%$9.94 bn-$8.84 bn-$14.83 bn-$17.79 bn-$9.52 bn-

Cash in the bank at the start of the period. At Walmart Inc., in 2026: $9.54 bn · Δ −4.0% (2025).

$11.32 bn-+18.7%$9.54 bn-$9.94 bn-$9.10 bn-$14.83 bn-$17.79 bn-

Cash in the bank at the end of the period. At Walmart Inc., in 2026: $11.32 bn · Δ +18.7% (2025).

$14.92 bn-+17.9%$12.66 bn-$15.12 bn-$12.24 bn-$11.08 bn-$25.81 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Walmart Inc., in 2026: $14.92 bn · Δ +17.9% (2025).

from operations$4.74 bn−12.4%Q3 24Q2 26Q3 24$12.11 bnQ4 24$6.56 bnQ1 25$13.53 bnQ2 25$5.41 bnQ3 25$12.94 bnQ4 25$9.10 bnQ1 26$14.11 bnQ2 26$4.74 bn
from investing−$6.74 bn−32.3%Q3 24Q2 26Q3 24−$5.72 bnQ4 24−$2.53 bnQ1 25−$8.72 bnQ2 25−$5.09 bnQ3 25−$6.11 bnQ4 25−$7.83 bnQ1 26−$7.32 bnQ2 26−$6.74 bn
from financing$2.33 bn+29,000%Q3 24Q2 26Q3 24−$6.62 bnQ4 24−$2.73 bnQ1 25−$5.15 bnQ2 25$8.0 mQ3 25−$7.00 bnQ4 25−$19.0 mQ1 26−$6.54 bnQ2 26$2.33 bn
Cash flows, quarterly, 6 periods
 Q2 26Δ Q2 25Q1 26Q4 25Q3 25Q2 25Q1 25
$5.49 bn-+18.3%$4.24 bn-$6.09 bn-$7.15 bn-$4.64 bn-$5.43 bn-

The profit left for shareholders after absolutely every expense. At Walmart Inc., in Q2 26: $5.49 bn · Δ +18.3% (Q2 25).

$3.82 bn-+13.4%$3.74 bn-$3.61 bn-$3.49 bn-$3.37 bn-$3.37 bn-

The accounting wear on buildings and machinery. It lowers profit but takes no cash out. At Walmart Inc., in Q2 26: $3.82 bn · Δ +13.4% (Q2 25).

−$1.82 bn-+49.1%$2.80 bn-−$902.0 m-$2.42 bn-−$3.57 bn-$3.69 bn-

Money tied up in or released from inventory, receivables and payables. At Walmart Inc., in Q2 26: −$1.82 bn · Δ +49.1% (Q2 25).

of which: receivables−$395.0 m-−247%$992.0 m-−$1.72 bn-−$673.0 m-$268.0 m-$289.0 m-
of which: inventory$3.83 bn-+575%$6.78 bn-−$7.56 bn-$148.0 m-−$807.0 m-$6.45 bn-
Other non-cash items−$3.39 bn-−423%$7.11 bn-−$451.0 m-−$1.75 bn-$1.05 bn-$1.43 bn-
$4.74 bn-−12.4%$14.11 bn-$9.10 bn-$12.94 bn-$5.41 bn-$13.53 bn-

The money the business actually produced, before investment. At Walmart Inc., in Q2 26: $4.74 bn · Δ −12.4% (Q2 25).

$6.68 bn-+34.1%$8.02 bn-$7.22 bn-$6.42 bn-$4.99 bn-$7.09 bn-

Money put into factories, machinery and equipment. At Walmart Inc., in Q2 26: $6.68 bn · Δ +34.1% (Q2 25).

—-$128.0 m-$24.0 m-−$6.11 bn-−$5.09 bn-−$8.72 bn-

Purchases and sales of financial holdings.

Other investing flows−$53.0 m-+50.5%−$216.0 m-−$637.0 m-$317.0 m-−$107.0 m-$1.0 m-
−$6.74 bn-−32.3%−$7.32 bn-−$7.83 bn-−$6.11 bn-−$5.09 bn-−$8.72 bn-

The balance of investing cash. Negative means the company is building. At Walmart Inc., in Q2 26: −$6.74 bn · Δ −32.3% (Q2 25).

−$2.08 bn-+54.3%−$1.08 bn-−$808.0 m-−$1.65 bn-−$4.56 bn-−$1.45 bn-

Shares bought back from the market or issued. At Walmart Inc., in Q2 26: −$2.08 bn · Δ +54.3% (Q2 25).

$1.97 bn-+4.9%$1.88 bn-$1.88 bn-$1.88 bn-$1.88 bn-$1.68 bn-

Money given to shareholders as dividends. At Walmart Inc., in Q2 26: $1.97 bn · Δ +4.9% (Q2 25).

—-−$1.79 bn-$2.80 bn-−$2.64 bn-$6.50 bn-−$1.12 bn-

Loans taken minus loans repaid.

Other financing flows−$480.0 m-−687%−$1.79 bn-−$140.0 m-−$844.0 m-−$61.0 m-−$901.0 m-
$2.33 bn-+29,000%−$6.54 bn-−$19.0 m-−$7.00 bn-$8.0 m-−$5.15 bn-

The balance of financing cash: loans, dividends, buybacks. At Walmart Inc., in Q2 26: $2.33 bn · Δ +29,000% (Q2 25).

−$2.0 m-−101%$145.0 m-$1.22 bn-−$55.0 m-$396.0 m-−$632.0 m-

How much the cash in the bank rose or fell. At Walmart Inc., in Q2 26: −$2.0 m · Δ −101% (Q2 25).

$11.32 bn-+18.7%$10.58 bn-$9.88 bn-$9.93 bn-$9.54 bn-$10.17 bn-

Cash in the bank at the start of the period. At Walmart Inc., in Q2 26: $11.32 bn · Δ +18.7% (Q2 25).

$11.32 bn-+14.0%$10.73 bn-$11.10 bn-$9.88 bn-$9.93 bn-$9.54 bn-

Cash in the bank at the end of the period. At Walmart Inc., in Q2 26: $11.32 bn · Δ +14.0% (Q2 25).

−$1.95 bn-−558%$6.10 bn-$1.88 bn-$6.52 bn-$425.0 m-$6.44 bn-

The money left after the business paid for its investments. Dividends and debt repayment come from here. At Walmart Inc., in Q2 26: −$1.95 bn · Δ −558% (Q2 25).

earnings and surprises

38%Beat rate

Mixed surprises

Next report

for Q3 26

Not yet announcedThe announced date, 20 August 2026, has passed. The company has not yet given the next one.

Earnings per share expected0.74between 0.72 and 0.78
Revenue expected$186.78 bn27 analysts
Last time0.0%0.66 against 0.66 expected

What analysts expect from Walmart Inc., further out

  • earnings per share estimated, Q4 26 · 32 analysts0.69
  • earnings per share estimated, fiscal year 2027 · 39 analysts2.91
  • earnings per share estimated, fiscal year 2028 · 39 analysts3.29

Walmart Inc. beat history

last 8 quarters

Average reaction when it missesBeat rateAverage reaction when it missesAverage reaction when it missesBeat rateBeat rateAverage reaction when it missesAverage reaction when it misses

Of the last 8 quarterly reports from Walmart Inc., 3 came in above analyst estimates and 5 below. The average surprise is +1.65%, and the latest was 0.00%, with earnings per share of 0.66 against 0.66 expected.

Beat rate38%surprise trend: accelerating
Average reaction when it beats−0.2%of 3 beats, the price rose 2 times
Average reaction when it misses−1.1%of 5 misses, the price rose only once

How the Walmart Inc. share price reacted

The move in Walmart Inc. shares on the day after each report. The middle line is zero.

reportresultnext day5 days
21 May 2026−0.0%−7.27%5z −2.0%
13 March 2026−−24.3%−0.42%5z −4.0%
3 December 2025++28.3%+0.38%5z +0.6%
29 August 2025++18.9%+0.90%5z +4.5%
6 June 2025−−3.5%−0.02%5z −3.2%
14 March 2025−0.0%+2.47%5z +0.3%
6 December 2024++7.6%−1.95%5z +1.3%
30 August 2024−−13.9%−0.08%5z +2.1%

The pattern shows: of those 3 beats, the price rose 2 times. The market does not react to the result, but to the difference from what was already in the price.

How the price moves around the reportover 8 reports before and 7 after
0.0%−3.5%+1.2%−0.9%
15 days beforereport day15 days after
Before the report
  • 5d before+0.8%rose 62% of the time
  • 10d before+1.4%rose 62% of the time
  • 21d before+2.3%rose 50% of the time
  • 42d before+9.0%rose 75% of the time
After the report
  • next day−0.1%rose 50% of the time
  • 5d after−0.1%rose 62% of the time
  • 10d after+0.5%rose 71% of the time
  • 15d after−0.3%rose 43% of the time
82% of the move, before18% at the announcement and after

The move is already in the price Of everything that moves the price around the report, 82% happens before the announcement. By the time the news is public, it is already in the quote.

The pattern repeats in 75% of cases, on a sample of 8 quarters. It remains a small sample.

Everything is measured against the price on the report day, marked by the vertical line. Each half is the average of the trajectories from the quarters with enough price history, which is why the samples can differ.

What can go wrong

Risks & Resilience

Risks in Walmart Inc. (WMT) stock: balance sheet strength, distance from financial distress, and behaviour in past crises. The low-risk score is 91.8 out of 100, in the upper end of the market.

91.8 · strongLow risk

debt and solvency

96.1credit health

Nothing to fault

A balance sheet is judged on two things: whether the company can pay its debts out of what it produces, and how far it is from not being able to pay them at all. For Walmart Inc., both answers are below.

Can it pay its debts?

Walmart Inc.: Yes, with room to spare. Operating profit covers interest 13.45 times over, and the debt clears in 1.51 years of operating profit.

7596.1Credit health scoreComposite score summarising the firm's ability to carry its debt. Above 70 points to a solid balance sheet.
351.51xDebt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
1.5313.45xInterest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
315.32Distance to default (Merton)How many standard deviations the firm value sits above its debt level. Above 3 is a comfortable margin.

How close is it to default?

Walmart Inc.: Very far. The composite score is 7.7 out of 100, on a scale where lower is better, and no model signals strain. Altman places it in the safe zone.

Altman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
Probability of distress (Ohlson)Statistical model estimating the risk of financial distress. Low means a balance sheet under no strain.
Probability of distress (Zmijewski)Alternative model for estimating financial distress risk. Low means limited risk; useful as a cross-check on the Ohlson model.
Probability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.

Forensic signals

0Clean

Statistical models that look for patterns associated with aggressive reporting. Walmart Inc.: no signal raised.

The quality of reported profit

Montier C-score (0–6)Six warning signals about the quality of accounting. 0–1 is clean; 4 or above calls for caution.
Accruals ratio (Sloan)How much of reported profit is accounting only, rather than cash collected. Low or negative means profit is backed by real money.
Cash conversion rateHow much of accounting profit actually turns into cash. Above 100% means profit is more than covered by real money.
Goodwill shareHow much of the company’s assets are goodwill - the premium paid over book value in acquisitions. Above 30% of assets means a large part of the balance sheet depends on acquisitions working out.
Tax rate deviationHow far the tax actually paid differs from the statutory rate in the company’s country. Close to zero is normal. A large, sustained deviation is worth a look at the notes.

What the model raised

The models raised no signal for this company.

These are statistical screening models, not accusations. A signal means “worth a closer look”, not “this is fraud”. The Beneish, Montier, Sloan and Piotroski models are published in the academic literature; the thresholds used are those from the original papers.

A statistical screening signal, not an accusation of fraud.

Transparency · MAR

behaviour in a crisis

Held up welltwo crises measured

How Walmart Inc. shares behaved when the market fell. Not a forecast, but what happened in the crises the company has already been through.

How much of the market's fall it takes on

how much of the market's fall reaches the stock

absorbs part of it26%Takes on only 26% of the market's falls

the market 100%the stock 26%
  • Held up wellHow well the company held up through economic contractions, against the rest of its sector.
  • Held up wellA composite score folding behaviour across every crisis measured, on a 0 to 100 scale.

What happened in past crises

how well it held up through the measured crises

70Held up well

  • COVID-19 crash−13.1%2020 · far more resilient than its sector
  • 2022 bear market−25.7%2022 · above the sector median
  • Severe recession−18.6%A 2008-style economic contraction, with the market down about 40%
  • Interest rate shock−44.1%A sharp rise in interest rates
  • Market correction−9.3%A broad market decline of about 20%

Walmart Inc.: It held up better than the sector average in the measured crises, with a defensive profile.

Maximum drawdown is measured from peak to trough, on the actual price of that period. The scenarios are estimates, computed from historical sensitivity to the market.

Walmart Inc. (WMT) stock: biggest drops and how long the recovery took

The falls the price has been through, from a peak to the lowest point, and how long it took to recover.

Biggest drops since 2010

From a peak to the lowest point after it, how long the fall lasted and how long the recovery took.

  • Jan 2015 - Nov 2015-37.6%fell for 10 months, then took 2 years to get back to the peak
  • Apr 2022 - Jun 2022-26.0%fell for 2 months, then took 13 months to get back to the peak
  • Jan 2018 - May 2018-24.8%fell for 4 months, then took 13 months to get back to the peak

Measured on each day’s closing price, adjusted for splits, since 2010-01-04. Elsewhere on this page, drops are measured with dividends reinvested, which is why they can come out slightly smaller there.

What you get while you wait

Dividends and shareholder return

How much Walmart Inc. pays in dividends, how secure it is, and what happens to the share count.

dividends

0.95%Trailing yield

Walmart Inc. pays quarterly and has distributed $0.99 per share over the past twelve months, or 0.95% of today's price. Of its profit, 34.87% goes out as dividend.

How much it pays and how secure it is

Trailing yieldDividends over the past twelve months, divided by today's price.
Forward yieldThe dividend announced for the coming year, divided by today's price.
Payout ratioHow much of profit goes out as dividend. A moderate figure leaves room to grow.
Dividend growth 5YAverage annual growth in dividend per share over five years.
Consecutive years of growthHow many years in a row the dividend per share has grown, without a single break.
Dividend safetyHow well the dividend is covered by profit and by cash.

Recent payments

  • Last dividend$0.25 · ex-date December 11, 2026
  • Frequencyquarterly
  • Payments in the last 12 months5
  • Dividends over 12 months$0.99
  • Next ex-dividend (estimated)~March 12, 2027 · in 160 days
  • Cut risk17/100
ex-dateamountvs previous
December 11, 2026$0.25+0.0%
August 21, 2026$0.25−0.2%
May 8, 2026$0.25—
March 20, 2026$0.25+5.5%
December 12, 2025$0.24+0.0%
August 15, 2025$0.24+0.0%
May 9, 2025$0.24—
March 21, 2025$0.24—

Past returns do not necessarily repeat.

shareholder return

1.29%total return

Across dividends, buybacks and debt, Walmart Inc. returned 1.29% of its market value in its last reported fiscal year.

0.78%from dividends
0.84%from buybacks
-0.51%from new debt
1.29%total return
  • 5Y allocation · dividends19.52%
  • 5Y allocation · buybacks21.00%

A negative total return means the company raised capital during the period, through borrowing or new shares, not that it took money from shareholders.

What you would have made

What has already happened, taken out of percentages and put into money.

What you would have made by investing in Walmart Inc. (WMT) stock

$1,000 put in Walmart Inc. stock 10 years ago, with dividends reinvested, would have grown to $5,219, a return of 17.97% a year. On the share price alone, without dividends, it would have been $5,085. Type your own amount and everything recalculates.

$
  • 3 years ago$2,111of which $1,111 is gain, at 28.28% a year
  • 5 years ago$2,383of which $1,383 is gain, at 18.97% a year
  • 10 years ago$5,219of which $4,219 is gain, at 17.97% a year

These figures have already happened and are not an estimate for what comes next. Dividends are reinvested in the same stock, and the amounts are in the currency the stock trades in, before tax and fees.

splits

5 events

Walmart Inc. has had 5 share events over the period covered by the data.

dateratiotype
February 26, 20243:1split
April 20, 19992:1split
February 26, 19932:1split
July 9, 19902:1split
July 13, 19872:1split

Amounts in the dividend history are adjusted for these events so they can be compared with each other. The sum actually received on the day was different.

Who owns it and what they do with it

Holders and flow

Who stands behind Walmart Inc. shares, what they buy and sell, and who bets against them.

institutional ownership

Walmart Inc. has 38.00% of its shares held by institutional investors. Of the 40 reported holders, 27 increased their position and 11 cut it.

Who holds how much

InstitutionsHow much of the stock is held by funds, banks and other professional investors.
Internal holdingsHow much is held by people and entities inside the company or close to it.
Largest holderHow much the single largest reported shareholder owns.
Top fiveHow much the five largest reported shareholders own together.
  • Reported holders40
  • Increased position27
  • Cut position11
  • Net share balance45.93M
  • As ofApril 30, 2026

Largest holders

Largest holders
holderstakechangeAs of
Vanguard Group Incpassive5.52%+0.99%12/31/2025
BlackRock Incpassive4.39%+1.13%12/31/2025
State Street Corppassive2.33%+0.66%03/31/2026
Vanguard Total Stock Mkt Idx Invpassive1.75%+0.32%04/30/2026
JPMorgan Chase & Coactive1.54%+6.10%03/31/2026
Vanguard 500 Index Investor1.43%+1.83%04/30/2026
Geode Capital Management, LLC1.33%+2.76%03/31/2026
Invesco QQQ Trust1.31%+0.74%04/30/2026
Morgan Stanley - Brokerage Accounts1.08%+1.94%03/31/2026
Bank of America Corp0.87%−7.48%12/31/2025
NORGES BANK0.73%+5.60%12/31/2025
iShares Core S&P 500 ETF0.71%+0.29%04/30/2026
Fidelity 500 Index0.70%+0.32%03/31/2026
State Street® SPDR® S&P 500® ETF0.66%+0.33%04/30/2026
Amvescap Plc.0.55%+74.00%03/31/2026
Northern Trust Corp0.52%+0.09%03/31/2026
Fisher Asset Management, LLC0.51%+0.86%03/31/2026
Vanguard Value Index Inv0.51%+0.29%04/30/2026
State Farm Mutual Automobile Ins Co0.49%+0.00%03/31/2026
The Goldman Sachs Group Inc0.48%+13.22%03/31/2026
FMR Inc0.40%−19.69%03/31/2026
Charles Schwab Investment Management Inc0.38%−2.91%03/31/2026
Wells Fargo & Co0.37%+3.24%03/31/2026
Bank of New York Mellon Corp0.35%+6.35%03/31/2026
Royal Bank of Canada0.35%+7.45%03/31/2026
Franklin Resources Inc0.35%−25.17%03/31/2026
Ameriprise Financial Inc0.34%−10.43%03/31/2026
Vanguard Dividend Appreciation ETF0.31%+0.28%04/30/2026
Vanguard Institutional Index I0.30%−1.75%04/30/2026
State St S&P 500® Idx SL Cl I0.30%+0.99%04/30/2026
Vanguard Institutional 500 Index Trust0.25%−0.08%04/30/2026
Invesco NASDAQ 100 ETF0.25%+0.36%04/30/2026
Equity Index Non-Lendable Fund B0.22%+0.00%12/31/2025
Equity Index Fund A0.22%−1.26%12/31/2025
Equity Index Fund E0.22%−1.26%12/31/2025
JPMorgan Large Cap Growth I0.21%+0.00%03/31/2026
Blackrock Eq Idx Fund CF0.20%−0.40%03/31/2026
Russell 1000 Index Fund0.18%−0.49%04/30/2026
Russell 1000 Index Non-Lendable Fund0.17%+0.51%12/31/2025
Blackrock Russ 1000 Eq Idx Composite0.17%+0.51%12/31/2025
See all holders

The list covers only the largest reported holders, not the whole shareholder base. Stakes do not add up to 100%.

The holder type is noted only where the source states it.

insiders

Over the past six months, people running Walmart Inc. sold more than they bought, with a net outflow of $4.73M.

What they did over the last six months

0purchases, 6 months4sales, 6 months
net, 6 months−$4.73M
  • Distinct buyers, 12 months0
  • Distinct sellers, 12 months7
  • Value sold, 12 months$35.33M
  • Cluster buyingno
  • As of04/23/2026

Largest transactions

Largest transactions
datenamesidevalue
02/03/2026Donna Morrissell$9.43M
02/20/2026Christopher James Nicholassell$4.16M
04/23/2026C Douglas Mcmillonsell$2.57M
03/02/2026John D Raineysell$2.56M
02/26/2026C Douglas Mcmillonsell$2.46M
02/02/2026John D Raineysell$2.45M
03/26/2026C Douglas Mcmillonsell$2.39M
01/22/2026C Douglas Mcmillonsell$2.31M
02/19/2026John R Furnersell$1.69M
04/16/2026John R Furnersell$1.64M
03/19/2026John R Furnersell$1.6M
02/20/2026Latriece Watkinssell$1.21M
04/16/2026Christopher James Nicholassell$361.69K
02/17/2026Daniel J Bartlettsell$167.18K
01/15/2026Daniel J Bartlettsell$166.56K
04/15/2026Daniel J Bartlettsell$166.38K
See all transactions

The source does not state each person's role, so a chief executive and a board member appear the same.

Informational data on reported transactions; not a recommendation.

congress

Over the past twelve months, members of the US Congress reported 3 purchases and 1 sales of Walmart Inc. shares.

What lawmakers traded

3purchases, 12 months1sales, 12 months
distinct buying members1
  • Purchases, 6 months0
  • Sales, 6 months0
  • Distinct selling members, 12 months1
  • As of02/24/2026

Who traded

datenameside
02/24/2026Ro Khannabuy
01/29/2026Ro Khannabuy
01/23/2026Ro Khannabuy
01/20/2026John McGuiresell

The law requires reporting a value range, not the exact sum. That is why transactions are counted here rather than added up.

Transactions reported under the STOCK Act; informational.

short interest

Of Walmart Inc. freely tradable shares, 0.02% are sold short.

How much is sold short

Of free floatHow much of the freely tradable stock is sold short.
Days to coverHow many normal trading days it would take for short positions to be closed.
Shares shortThe number of shares sold short at the latest report.
  • Of total shares0.02%
  • Squeeze riskLow
  • As of05/27/2026

Short positions are reported twice a month, so the figure is older than the price on this page.

indices and ETFs

Walmart Inc. shares are held by 12 exchange-traded funds and belong to 3 indices.

Funds that hold it

Funds that hold it
fundsymbolweightassets
Consumer Staples Select Sector SPDRXLP.US11.00%$14.67B
Invesco QQQ TrustQQQ.US2.66%$471.18B
Vanguard Value ETFVTV.US2.25%$179.59B
SPDR Dow Jones Industrial Average ETFDIA.US1.46%$44.9B
Vanguard S&P 500 ETFVOO.US94.00%$1.03T
Vanguard S&P 500 UCITSVUSA.LSE93.89%$42.99B
SPDR S&P 500 ETF TrustSPY.US83.21%$769.06B
iShares Core S&P 500 UCITSCSPX.LSE83.16%$146.69B
Vanguard Total Stock Market Index Fund ETF SharesVTI.US83.00%$653.54B
Vanguard FTSE Developed World UCITSVEVE.LSE63.84%$3.44B
iShares Core MSCI World UCITSIWDA.LSE60.14%$101.7B
Vanguard Total World Stock ETFVT.US51.00%$74.09B
See all funds

Indices it belongs to

  • Dow Jones Industrial Average1.46%
  • S&P 5000.83%
  • NASDAQ Composite

The weight is how much the share counts inside that fund, not how much of the company the fund owns.

Where it stands against the rest

Context & Comparisons

A number on its own says nothing. Here Walmart Inc. is placed next to its sector, its industry and the market, so every figure gets a position.

Position in sector

Consumer Defensivesector

Walmart Inc. belongs to the Consumer Defensive sector, in the Discount Stores industry. Below, each indicator sits next to the sector and industry median.

Against sector and industry

indicatorcompanysector medianindustry medianposition
24.19%13.15%22.45%83
Return on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
8.45%5.48%8.42%76
Return on assetsHow much profit the company draws from the assets it owns. Above ~5% is solid, though it varies widely by industry.
16.89%10.33%19.43%82
Return on invested capitalProfit generated from all capital employed — equity and debt alike. Above the cost of capital (WACC) means value is created. Above 15% is very good.
3.18%6.06%4.48%33
Net margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
41.69x17.21x22.77x8
Price / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
1.33x0.74x0.77x-
Price / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
0.82%3.43%1.59%13
Dividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
32.96%47.82%27.93%-
Payout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
4.99%5.62%7.15%46
Revenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
11.53%8.08%10.03%66
Earnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
1.51x2.35x2.31x69
Debt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
1.31%8.83%8.25%20
Free cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.

Position is the percentile within the sector: 100 is the best value among the companies compared, 0 the weakest. The direction is already inverted where lower is better, as with debt or price/earnings.

Against the market

periodWMTSPYdifference
1M-8.42%-0.08%−8.34%
3M-4.75%12.30%−17.05%
6M11.20%8.49%+2.71%
1Y25.23%24.76%+0.47%
3Y153.19%80.71%+72.48%
5Y172.02%88.11%+83.91%

Returns are cumulative over the period shown, not annualised. The difference is how much the company returned above or below the benchmark.

Transparency · MAR

Comparable companies

6comparable

Companies with a profile close to Walmart Inc., chosen by how they move and what kind of stock they are - not by what they make.

The 6 closest

symbolcompanysimilarityscore
COST.USCostco Wholesale CorpConsumer Defensive91.8%50.3
WELL.USWelltower IncReal Estate91.2%47.0
AMZN.USAmazon.com IncConsumer Cyclical88.5%48.4
EQIX.USEquinix IncReal Estate88.5%45.5
GE.USGE AerospaceIndustrials88.1%41.2
V.USVisa Inc. Class AFinancial Services85.7%56.8

Similarity is computed from exposure to the same style factors, not from the line of business. That is why companies from other sectors can appear in the list. It is not a recommendation and not a list of alternatives.

Direct competitors

symbolcompanycountryscore
COST.USCostco Wholesale CorpUS50.3
TGT.USTarget CorporationUS45.8
DOL.TODollarama IncCA52.7
WMMVY.USWal Mart de Mexico SAB de CV ADRUS47.5
DLMAF.USDollarama IncUS49.3
DG.USDollar General CorporationUS47.3

Competitors from the same industry, Discount Stores. The list is ordered by company size, but the figure is not shown: it comes in each market’s own currency, so the values are not comparable.

How the price moves

Market & Momentum

So far this has been about the company. From here on it is about the share: how much it swings, how deep it fell, and whether the move was worth the risk.

Volatility and risk

26.30%one-year volatility

How choppy Walmart Inc. has been, and how deep its falls have gone.

How much it swings

0.62calmer than the marketBetaHow strongly the share moves when the market moves. Below 1 is calmer than the market; above 1 amplifies its moves.
0.48Downside betaHow much the share moves against the market, measured ONLY on days the market falls. Lower than ordinary beta = falls less than it rises. Higher = amplifies the falls.
0.03Beta over the last yearThe same market sensitivity, but computed on the last twelve months only. Compared with long-term beta, it shows whether the share has turned choppier lately.
0.43Raw betaHow much the share moves against the market, without the usual statistical adjustment. Above 1 = moves more than the market. This is the unsmoothed figure; adjusted beta is steadier.
market
Annualised volatility (1 year)How much the price swings over a year, as a standard deviation. Lower means a smoother ride, not necessarily a higher return.
Annualised volatility (3 years)How widely the price swings in a year, measured over the last three. Below 20% is calm; above 40% takes a strong stomach.

How deep it fell

−36.44%Maximum drawdownThe largest peak-to-trough fall over the period analysed. Smaller is easier to sit through.
−10.14%Current drawdownHow far today’s price sits below the highest peak reached. Zero means it is at the peak. The deeper it is, the more there is to recover.
−22.31%Distance from the 52-week highHow far the price sits below its highest level of the past 52 weeks. Near zero = at the high. Deeply negative = it has given up a lot from the peak.
22.24%Likely worst-case drawdownHow deep the fall could be in the worst 5% of scenarios. Lower is better. It is a statistical estimate, not a guaranteed floor.
Ulcer index (1 year)How deep and how long the falls of the past year were, in a single figure. Lower is better: it measures discomfort, not just swing.
Ulcer index (3 years)How deep and how long the falls below previous peaks have been. Low means few long stretches spent below the peak.
Days to recoverHow many days the price needed to return to its peak after the largest fall. Fewer is better. Hundreds of days means patience was tested.

Volatility and beta are computed from daily prices over the last year and the last three. They measure the past; they are not forecasts.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Return against risk

0.85one-year Sharpe

The same gain earned with wide or narrow swings is not worth the same. The figures below divide the return by the risk it was earned with.

How much return for each unit of risk

0.851.30moderateSharpe ratioReturn above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.
1.271.95goodSortino ratioLike Sharpe, but only penalising downward swings, not upward ones. Above 1.5 means good return relative to downside risk.
1.161.27goodOmega ratioThe ratio of gains to losses over the past year, weighted by their size. Above 1 means the good side weighed more than the bad.
0
Total return, 12 monthsGain over the past year, with dividends reinvested. Compared with the benchmark index, not in isolation.
Calmar ratioAnnual return divided by the largest drawdown suffered. Above 0.5 is decent. It says how much return you got for each unit of pain.
Treynor ratio (1 year)Return above the risk-free rate divided by beta - against market risk, not total swing. Higher is better. Useful when the share is held in a portfolio rather than alone.

All of them measure gain against some form of risk: Sharpe against total swing, Sortino against downward swing only, Calmar against the deepest fall, Treynor against market risk. Above 1 is generally good, but these compare between companies, not in absolute terms.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Trend and oscillators

38.7714-day RSI

Where the Walmart Inc. share price sits against its moving averages, and how stretched the recent move is.

Against the averages

50-day moving averageThe average price over the last fifty trading sessions. It is the short-term reference: price above it means a recent upward trend.
200-day moving averageThe average price over the last two hundred sessions. It is the long-term reference, the most watched line in technical analysis.
yesAbove the 200-day averageWhether today’s price is above or below the long-term average. Above is read as a structural uptrend; below, a downtrend.
yesShort average above the long oneWhether the 50-day average is above the 200-day. When the short crosses above the long it is called a golden cross; the reverse, a death cross.
upMoving-average crossover stateWhich average is on top, expressed as +1 or −1. +1 = short above long; −1 = the reverse.
downParabolic SAR directionThe direction signal given by the Parabolic SAR indicator. +1 = uptrend; −1 = downtrend.

Oscillators

307038.77no signalRelative strength index (RSI 14)How fast the price rose or fell over the last fourteen days, on a scale from 0 to 100. Below 30 is considered oversold, above 70 overbought. In between, no signal.
-100100-97.81in the channelCommodity channel index (CCI 20)How far the price is from its twenty-day average, measured in typical deviations. Between −100 and +100 is normal; outside that, an unusual move against the recent pattern.
010.22in the bandPosition in the Bollinger bandWhere the price sits between the lower band (0) and the upper band (1) of the volatility channel. Below 0 or above 1 means the price has left the channel - rare, and usually brief.
202521.09weak trendTrend strength (ADX 14)How clear the price direction is, whether it rises or falls. Above 25 = a clear trend; below 20 = it moves sideways.
MACD lineThe gap between the 12-day and the 26-day exponential average - how fast direction is changing. Above the signal and rising means upward momentum.
MACD signalThe nine-day average of the MACD line. It is the threshold the line is read against. It is not judged on its own: what matters is whether the line is above or below it.
MACD histogramThe gap between the MACD line and its signal - how fast momentum is changing. Positive and rising = upward momentum; negative = downward momentum.
On-balance volume slope (50 days)Where cumulative volume is heading over the last fifty sessions. Positive means more is being accumulated than distributed.

The thresholds marked on the scales are the usual ones in technical analysis: 30 and 70 for RSI, ±100 for CCI, 0 and 1 for the Bollinger band, 20 and 25 for trend strength. They are widely used conventions, not rules.

The words next to the figures are states with established names, not recommendations: “oversold” does not mean “worth buying”. Verdicts appear only on the risk ratios, where there is a clear direction of better.

Who it suits

19/30checks passed

Each row below is a way of investing. The more checks Walmart Inc. passes on one, the better it suits that way - there is no “correct” row.

StrongestFinancial health
WeakestValue
  • passedUpside to fair valueHow much room there is between today’s price and the value computed from discounted cash flows. Positive means the model sees the share below its value.
  • failedPrice / earnings (trailing 12 months)How many years of current profit you pay for one share. Judged against sector and growth rate, never in isolation.
  • failedPrice / sales (trailing 12 months)How many times annual sales you pay for a share. Useful for companies without profit; judged against the sector, not in absolute terms.
  • failedFree cash flow yieldHow much free cash the company produces relative to its market value. Above ~5% is attractive; below 2% is expensive.
  • failedMargin of safetyHow far the market price sits below our fair-value estimate. Positive and wide means buying below value. Negative means paying above it.
  • passedReturn on capital above its costWhether the return on invested capital exceeds the weighted average cost of capital. Above the cost of capital the company creates value; below, it destroys it.
  • passedReturn on equityHow much net profit the company generates from shareholders' money. Above ~15% is very good; consistency matters as much as the level.
  • failedNet margin (DuPont breakdown)The margin component of the DuPont breakdown of returns. Higher means the firm keeps more of every unit sold.
  • failedCompetitive moatHow well defended the company’s position is against competitors. A wide moat means profit is harder to erode.
  • passedPiotroski F-scoreNine balance-sheet and profitability checks, one point for each one passed. Above 7 out of 9 is considered solid; below 3, weak.
  • passedSloan ratioHow much of the profit comes from accounting accruals rather than cash received. Near zero is better: the profit shows up in the account, not just the report.
  • passedWarning flagsThe number of forensic flags raised by the reporting-quality models. Zero is what you want to see.
  • passedDebt / EBITDAHow many years of operating profit it would take to cover total debt. Below 3 is comfortable; above 4 becomes a burden.
  • passedAltman Z'' scoreStatistical model estimating bankruptcy risk, adapted for non-financial firms. Above 2.6 is the safe zone; below 1.1 is the distress zone.
  • passedInterest coverageHow many times operating profit covers the interest the company owes in a year. Above 3 is comfortable; below 1.5 means interest eats almost all the profit.
  • passedProbability of default (Merton)Estimated chance the firm cannot service its debt over one year. Below 1% means negligible credit risk.
  • passedBehaviour in recessionHow the share behaved through recent economic contractions. A smaller fall than the market shows resilience.
  • passedEarnings per share growth (5-year annual)Average yearly growth in earnings per share. Faster than revenue means expanding margins or buybacks.
  • failedRevenue growth (5-year annual)Average yearly revenue growth over the past five years. Above ~10% is solid growth for a mature company.
  • failedRule of 40Revenue growth added to the profitability margin. Above 40 means a good balance between growth and profitability.
  • failedAnalyst revisionsWhich way analysts have moved their estimates lately. Upward means expectations are rising.
  • failedDividend yield (trailing 12 months)Dividends paid over the past year against the current price. Judged together with sustainability, not on level alone.
  • passedPayout ratioHow much of the profit is paid out as dividend. Below 60% leaves room to grow; above 100% means the dividend exceeds the profit.
  • passedStreak of good reportsHow many quarters in a row the company has beaten expectations. A long streak shows predictability; a broken one, a change.
  • passedTotal shareholder yieldDividends, buybacks and debt reduction taken together. The full picture of money returned to shareholders.
  • passedBeats, last yearHow many times over the last year the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedBeats, three yearsHow many times over the last three years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedBeats, five yearsHow many times over the last five years the result came in above estimates. More beats suggest cautious estimates or good execution.
  • passedPrice momentumThe direction and strength of the recent price move. Positive means the recent trend is upward.
  • failedSharpe ratio (1 year)Return above the risk-free rate for each unit of volatility. Above 1 is good; above 2 is remarkable.

A failed check is not a flaw in itself: a growth company fails almost everything to do with value, and that is normal. What matters is the pattern, where it passes and where it fails, not the count on its own.

Transparency · MAR

Key figuresIndicatorsPros and consVerdict
AnalystsFair valueProjections
ProfitabilityGrowthEarnings qualityCapital efficiencyFinancial statementsEarnings reports
Debt and solvencyForensics and manipulationBehaviour in crisesBiggest drops
DividendsShareholder yieldWhat you would have madeSplits
Institutional holdingsInsidersCongressShort interestIndices and ETFs
Position in sectorComparable companiesWho it suits
Volatility and riskRisk-adjusted returnTrend and oscillators