What are Walmart 's profit margins?

Walmart (WMT) runs a 25.0% gross margin and a 4.2% operating margin, with a 3.1% net margin.

Where do Walmart 's ratios come from?

Every ratio is computed from Walmart 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Walmart WMT Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	TTM Q1 '27	TTM Q4 '26	TTM Q3 '26	TTM Q2 '26	TTM Q1 '26
Profitability
Gross margin	99.7%+0.1pp	99.6%+0.1pp	99.5%+0.2pp	99.3%+0.3pp	99.1%+0.4pp
Operating margin	16.6%-0.2pp	16.8%-0.1pp	16.9%-0.1pp	17.1%-0.1pp	17.1%+0.1pp
Net margin	12.5%+0.4pp	12.2%+0.2pp	11.9%+0.3pp	11.6%+0.7pp	10.9%-0.1pp
EBITDA margin	24.6%-0.1pp	24.6%0.0pp	24.7%-0.1pp	24.8%0.0pp	24.7%+0.2pp
Free cash flow margin	8%-0.2pp	8.2%+0.2pp	8%-0.4pp	8.3%—	——
Returns
Return on equity	97.8%+2.7pp	95.1%+0.7pp	94.4%+1.4pp	93%+5.5pp	87.5%-1.8pp
Return on assets	32.7%+0.9pp	31.7%+0.5pp	31.3%+0.8pp	30.5%+2.0pp	28.5%-0.3pp
Return on invested capital	61.5%-1.2pp	62.7%-1.1pp	63.7%-0.7pp	64.4%0.0pp	64.4%+0.6pp
Efficiency
Asset turnover	10.4×0.0×	10.5×0.0×	10.5×0.0×	10.5×0.0×	10.5×0.0×
Inventory turnover	35.7×-0.1×	35.8×+0.1×	35.7×+0.2×	35.5×+0.3×	35.2×+0.3×
Liquidity
Current ratio	3.2×0.0×	3.2×0.0×	3.2×0.0×	3.2×0.0×	3.3×0.0×
Quick ratio	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×	0.9×0.0×
Cash ratio	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×	0.4×0.0×
Leverage
Debt-to-equity	2.9×0.0×	2.9×0.0×	2.9×0.0×	2.9×0.0×	2.9×0.0×
Debt-to-assets	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×0.0×
Net debt / EBITDA	5.3×+0.1×	5.2×+0.1×	5.2×+0.1×	5.1×0.0×	5.1×0.0×
Per Share
Book value per share	$47.45+3.0%	$46.06+2.6%	$44.91+2.5%	$43.81+1.8%	$43.02+0.8%
Valuation
Market capitalization	$3.59T+8.6%	$3.3T+5.1%	$3.14T+4.9%	$3T+8.3%	$2.77T+11.7%
Enterprise value	$3.82T+8.2%	$3.53T+4.9%	$3.36T+4.8%	$3.21T+7.8%	$2.98T+10.9%
Price / earnings	161.5×+5.5×	156×+2.8×	153.2×+1.7×	151.5×+1.1×	150.3×+15.5×
Price / sales	5.1×+0.3×	4.7×+0.2×	4.6×+0.2×	4.4×+0.3×	4.1×+0.4×
Price / book	37.8×+2.0×	35.8×+0.9×	34.9×+0.9×	34×+2.1×	31.8×+3.3×
EV / EBITDA	87.6×+5.6×	82×+3.0×	78.9×+3.0×	75.9×+4.8×	71.1×+5.8×
EV / sales	5.4×+0.3×	5×+0.2×	4.9×+0.2×	4.7×+0.3×	4.4×+0.4×
Free cash flow yield	6.4%-0.6pp	7%0.0pp	7%-0.7pp	7.7%—	——
Earnings yield	10%-0.3pp	10.3%-0.2pp	10.5%-0.1pp	10.6%-0.1pp	10.7%-1.5pp
Dividend yield	3.3%-0.2pp	3.5%-0.1pp	3.6%-0.1pp	3.6%-0.3pp	3.9%-0.4pp
PEG ratio	8.8×—	——	——	——	——

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Questions, answered.

What are Walmart 's profit margins?: Walmart (WMT) runs a 25.0% gross margin and a 4.2% operating margin, with a 3.1% net margin.
Where do Walmart 's ratios come from?: Every ratio is computed from Walmart 's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.