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Walmart WMT Free cash flow yield

Free cash flow yield at other companies

Target logo
TargetTGT
5.3%-2.8pp
Dollar General logo
Dollar GeneralDG
8.6%-0.7pp
Lowe's Companies logo
Lowe's CompaniesLOW
5.7%+0.3pp
CVS Health logo
CVS HealthCVS
8.1%
TJX Companies logo
TJX CompaniesTJX
3.2%+0.6pp
Ross Stores logo
Ross StoresROST
3.5%+0.1pp

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
Debt / equity0.8×0.0×
Current ratio0.8×0.0×

Where this comes from

Calculated from Walmart ’s reported figures.

Based on trailing twelve months.

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 free cash flow yield?
Walmart (WMT) reported free cash flow yield of 1.2% in Q1 2026.
How has Walmart 's free cash flow yield changed year-over-year?
Walmart 's free cash flow yield decreased by 32.3% year-over-year, from 1.8% to 1.2%.
What is the long-term trend for Walmart 's free cash flow yield?
Over 2 years (2022 to 2026), Walmart 's free cash flow yield has grown at a -62.9% compound annual growth rate (CAGR), from 50.8% to 7%.
What does free cash flow yield mean?
The spendable cash the business throws off each year as a percentage of its market price.
How do you interpret free cash flow yield?
Higher yield can mean better value — you pay less for each dollar of cash generated. A useful sanity check against earnings-based multiples, which non-cash items can distort.
How does free cash flow yield compare across companies?
Comparable across cash-generative companies; less meaningful for firms in heavy-investment phases with temporarily negative FCF.