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Walmart WMT Debt-to-equity

Debt-to-equity at other companies

Target logo
TargetTGT
1.1×-0.1×
Dollar General logo
Dollar GeneralDG
1.8×-0.4×
Kroger logo
KrogerKR
1.7×+0.6×
CVS Health logo
CVS HealthCVS
0.2×0.0×
Tyson Foods logo
Tyson FoodsTSN
0.5×-0.1×
TJX Companies logo
TJX CompaniesTJX
1.4×-0.2×

Other financials

Income statement

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Revenue$177.75B+7.3%
Gross profit$44.7B+8.2%
Operating income$7.5B+5.0%
Net income$5.3B+18.8%
EPS (diluted)$0.67+19.6%

Balance sheet

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Cash & equivalents$11.3B+14.0%
Total debt$74.2B+10.4%
Total equity$94.3B+12.6%
Total assets$289.61B+10.4%

Cash flow

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Operating cash flow$4.7B-12.4%
CapEx$6.7B+34.1%
Free cash flow-$1.9B-558%

Valuation

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Market cap$940.09B+37.1%
Enterprise value$1T+35.2%
P/E41.4×+4.9×
P/S1.3×+0.3×

Profitability

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Gross margin25%+0.1pp
Operating margin4.2%-0.2pp
Net margin3.1%+0.4pp

Returns & leverage

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Return on equity25.5%+2.7pp
Current ratio0.8×0.0×

Where this comes from

Calculated from Walmart ’s reported figures.

Based on the most recent quarter.

The official record: Walmart ’s 10-Q, filed May 29, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Walmart 's debt-to-equity?
Walmart (WMT) reported debt-to-equity of 0.8× in Q1 2026.
How has Walmart 's debt-to-equity changed year-over-year?
Walmart 's debt-to-equity decreased by 1.9% year-over-year, from 0.8× to 0.8×.
What is the long-term trend for Walmart 's debt-to-equity?
Over 4 years (2022 to 2026), Walmart 's debt-to-equity has grown at a -0.3% compound annual growth rate (CAGR), from 2.9× to 2.9×.
What does debt-to-equity mean?
How much debt the company carries for every dollar of shareholder equity.
How do you interpret debt-to-equity?
Lower is generally safer, but moderate leverage can boost returns. Read in the context of cash-flow stability — a utility tolerates more debt than a cyclical. Negative equity makes the ratio meaningless and it is suppressed there.
How does debt-to-equity compare across companies?
Comparable within an industry; capital structures differ sharply across sectors. Not meaningful for banks.