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World's largest retailer, operating supercenters, discount stores and Sam's Club warehouse clubs plus a fast-growing e-commerce/ads business.
World's largest retailer, operating supercenters, discount stores and Sam's Club warehouse clubs plus a fast-growing e-commerce/ads business.
Earns by selling groceries and general goods at low prices and high volume, so profit comes from turnover and cost control, with Sam's Club membership fees and advertising on its sites and in stores adding higher-margin income. The US business dwarfs the rest, with Walmex in Mexico and Flipkart in India among the major overseas operations. The Walton family remains the controlling shareholder.
Moat: wide (scale, cost advantage, distribution). Unmatched purchasing scale, logistics network and low-price positioning across tens of thousands of stores worldwide.
Headquarters: Bentonville, Arkansas, United States · Founded: 1962 · Employees: 2,100,000
Size Walmart (WMT) is a United States Consumer Staples company (Specialty Stores) with a market value of $996B, the 13th largest of 3,117 United States companies the cockpit tracks. Shares closed at $125.52 on 6 Nov 2026.
Performance Over six months the shares fell 3.8%, against +10.5% for the median peer and -1.1% for the United States market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue grew 6.2% over the last twelve months (peer median +6.1%); the operating margin is 4.4% (peer median 17.5%).
Valuation It trades at 41.8× forward earnings against a peer median of 19.0× (2nd most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 15% a year for seven years (Req g). Recent delivered growth is +5%, so the hurdle is +10 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 7.3 points above its cost of capital (7.4% WACC).
Credit Walmart has 52 bonds outstanding ($45.2B), rated AA by the agencies and trading like AA+ at a weighted spread of 40 bp.
Short interest Short interest is 0.9% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $736B | $713B | $681B | $648B | $611B |
| Revenue growth | — | +5% | +5% | +6% | — |
| Gross profit | $186B | $178B | $169B | $158B | $148B |
| EBITDA | $47.4B | $44.0B | $42.3B | $38.9B | $35.5B |
| Net income | $22.1B | $21.9B | $19.4B | $15.5B | $11.7B |
| Free cash flow | $13.5B | $14.9B | $12.7B | $15.1B | $12.0B |
| Capital expenditure | $29.4B | $26.6B | $23.8B | $20.6B | $16.9B |
| Total debt | $73.8B | $67.1B | $60.1B | $61.3B | $58.9B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Costco COST | $467B | +4% | +10% | 4% | 46.2× | 19.9% |
| Target TGT | $72.0B | +28% | +2% | 6% | 17.1× | 4.1% |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 26.3× | n/a |
| Kroger KR | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% |
Peer set: Sector in the same market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WMT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +13.5% | +9.3% | 3rd highest of 21 |
| 6-month return | -3.8% | +10.5% | 4th lowest of 21 |
| Distance from 52-week high | -7.1% | -7.2% | 10th highest of 21 |
| Revenue growth (TTM) | +6.2% | +6.1% | 11th highest of 21 |
| Operating margin | 4.4% | 17.5% | 5th lowest of 21 |
| Forward P/E | 41.8× | 19.0× | 2nd most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 14.7% | 1.2% | 3rd most demanding of 21 |
| Growth delivered (Del g) | +5.0% | +6.4% | 10th lowest of 21 |
| Hurdle (Req g minus delivered) | +9.7 pp | -6.6 pp | 3rd most demanding of 21 |
| ROIC minus cost of capital | +7.3 pp | +13.2 pp | 8th lowest of 21 |
| EV / EBITDA | 22.5× | 13.8× | 4th most expensive of 19 |
| Net debt / EBITDA | 1.3× | 1.7× | 7th least indebted of 21 |
| Bond spread | 40 bp | 64 bp | 2nd tightest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Walmart WMT | United States | $996B | -4% | +6% | 4% | 41.8× | 14.7% | +5.0% |
| Costco COST | United States | $467B | +4% | +10% | 4% | 46.2× | 19.9% | +9.1% |
| Coca-Cola Company (The) KO | United States | $412B | +23% | +8% | 32% | 27.6× | 2.8% | +7.9% |
| Procter & Gamble PG | United States | $383B | +13% | +4% | 24% | 23.4× | -0.3% | +2.7% |
| Philip Morris International PM | United States | $308B | +17% | +8% | 38% | 22.6× | -0.8% | +7.2% |
| PepsiCo PEP | United States | $193B | -8% | +6% | 16% | 16.6× | -5.5% | +5.9% |
| Anheuser-Busch InBev SA/NV Sponsored ADR BUD | United States | $168B | +5% | +7% | 26% | 18.9× | 2.7% | +4.7% |
| Altria MO | United States | $127B | +13% | +2% | 75% | 12.9× | -10.9% | -0.7% |
| Monster Beverage MNST | United States | $89.6B | +11% | +20% | 29% | 36.2× | 10.2% | +12.5% |
| Mondelez International MDLZ | United States | $83.6B | +8% | +6% | 18% | 19.9× | -2.7% | +7.7% |
| Colgate-Palmolive CL | United States | $76.8B | +10% | +6% | 22% | 24.2× | -5.5% | +4.4% |
| Target TGT | United States | $72.0B | +28% | +2% | 6% | 17.1× | 4.1% | +2.3% |
| Kimberly-Clark KMB | United States | $66.5B | +12% | -12% | 14% | 15.3× | 4.1% | -3.0% |
| Coca-Cola Europacific Partners CCEP | United States | $51.0B | +23% | +10% | 14% | 21.8× | 3.9% | +14.3% |
| Keurig Dr Pepper KDP | United States | $49.8B | +28% | +43% | 17% | 14.8× | 6.3% | +7.4% |
| Ambev SA Sponsored ADR ABEV | United States | $43.2B | -15% | +4% | 23% | 14.5× | -5.5% | +6.9% |
| Kroger KR | United States | $40.0B | +4% | +2% | 3% | 13.1× | -6.0% | +2.2% |
| Estée Lauder Companies (The) EL | United States | $39.9B | +28% | +6% | 13% | 31.1× | 16.8% | -1.5% |
| Sysco SYY | United States | $37.8B | +7% | +4% | 4% | 14.9× | -0.4% | +10.5% |
| Hershey Company (The) HSY | United States | $35.8B | -3% | +7% | 20% | 19.2× | -5.0% | +7.5% |
| Archer Daniels Midland ADM | United States | $33.3B | -9% | +1% | 3% | 12.0× | 8.0% | +4.5% |
Walmart has 52 bonds outstanding with $45.2B face value. The agencies rate it AA; its bonds trade like AA+. Weighted yield 5.08%, a spread of 40 bp over government bonds.