Reading the annual reports…
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
First time this company is opened: we are analysing its official reports. This can take up to a minute; after that the page loads instantly.
WMT · Nasdaq · United States · Retail-Variety Stores
In shortWalmart Inc. is profitable, generates cash and carries moderate debt, with revenue growing (+4.7% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 4.2% | 31/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.1% | 32/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 23.0% | 100/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 16.4% | 100/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.79× | 0/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.38× | 90/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | 0.62× | 96/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 12.87× | 100/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.95 | 22/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | 2.1% | 28/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | 0.68× | 48/100 |
| Years with positive free cash flow (last 5) | 5 of 5 | 100/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 1.6% | 100/100 |
| Operating margin volatility | 0.5% | 100/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 5.3% | 46/100 |
|---|---|---|
| EPS growth, 3-year average | 24.3% | 100/100 |
Weight in the score: 10%
Fiscal year 2026 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 572,754 | 611,289 | 648,125 | 680,985 | 713,163 |
| Cost of revenue | 429,000 | 463,721 | 490,142 | 511,753 | 535,395 |
| Gross profit | 143,754 | 147,568 | 157,983 | 169,232 | 177,768 |
| Selling, general & admin | 117,812 | 127,140 | 130,971 | 139,884 | 147,943 |
| Operating income | 25,942 | 20,428 | 27,012 | 29,348 | 29,825 |
| Interest expense | 1,674 | 1,787 | 2,259 | 2,249 | 2,318 |
| Pre-tax income | 18,696 | 17,016 | 21,848 | 26,309 | 29,469 |
| Income tax | 4,756 | 5,724 | 5,578 | 6,152 | 7,199 |
| Net income | 13,673 | 11,680 | 15,511 | 19,436 | 21,893 |
| Diluted EPS | $1.62 | $1.42 | $1.91 | $2.41 | $2.73 |
| Diluted shares (millions) | 8,415 | 8,202 | 8,108 | 8,081 | 8,022 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of Walmart Inc. are included in the Investor plan. Try free for 7 days →
1.95 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jul 31, 2026 · Data updated Aug 28, 2026