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%+0.6pp	99.6%+0.9pp	99.5%+1.3pp	99.3%+1.6pp	99.1%+1.7pp
Operating margin	16.6%-0.5pp	16.8%-0.2pp	16.9%+0.1pp	17.1%+0.5pp	17.1%+1.4pp
Net margin	12.5%+1.7pp	12.2%+1.2pp	11.9%+1.4pp	11.6%+1.4pp	10.9%+0.8pp
EBITDA margin	24.6%-0.2pp	24.6%+0.1pp	24.7%+0.4pp	24.8%+0.8pp	24.7%+1.7pp
Free cash flow margin	8%—	8.2%—	8%—	8.3%—	——
Returns
Return on equity	97.8%+10.4pp	95.1%+5.8pp	94.4%+7.9pp	93%+8.6pp	87.5%+4.2pp
Return on assets	32.7%+4.2pp	31.7%+2.9pp	31.3%+3.8pp	30.5%+4.1pp	28.5%+2.6pp
Return on invested capital	61.5%-3.0pp	62.7%-1.1pp	63.7%+0.8pp	64.4%+3.7pp	64.4%+8.4pp
Efficiency
Asset turnover	10.4×-0.1×	10.5×0.0×	10.5×+0.1×	10.5×+0.1×	10.5×+0.2×
Inventory turnover	35.7×+0.5×	35.8×+0.9×	35.7×+1.2×	35.5×+1.4×	35.2×+1.9×
Liquidity
Current ratio	3.2×-0.1×	3.2×-0.1×	3.2×-0.1×	3.2×0.0×	3.3×-0.1×
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×-0.1×
Leverage
Debt-to-equity	2.9×0.0×	2.9×0.0×	2.9×-0.1×	2.9×-0.2×	2.9×-0.3×
Debt-to-assets	1×0.0×	1×0.0×	1×0.0×	1×0.0×	1×-0.1×
Net debt / EBITDA	5.3×+0.2×	5.2×+0.1×	5.2×-0.1×	5.1×-0.5×	5.1×-0.7×
Per Share
Book value per share	$47.45+10.3%	$46.06+8.0%	$44.91+7.6%	$43.81+7.8%	$43.02+7.5%
Valuation
Market capitalization	$3.59T+29.7%	$3.3T+33.4%	$3.14T+47.4%	$3T+56.7%	$2.77T+54.5%
Enterprise value	$3.82T+28.3%	$3.53T+31.4%	$3.36T+43.6%	$3.21T+50.8%	$2.98T+48.5%
Price / earnings	161.5×+11.1×	156×+21.2×	153.2×+30.4×	151.5×+35.2×	150.3×+38.9×
Price / sales	5.1×+1.0×	4.7×+1.0×	4.6×+1.3×	4.4×+1.5×	4.1×+1.3×
Price / book	37.8×+5.9×	35.8×+7.2×	34.9×+9.7×	34×+10.7×	31.8×+9.7×
EV / EBITDA	87.6×+16.5×	82×+16.7×	78.9×+20.8×	75.9×+21.4×	71.1×+16.9×
EV / sales	5.4×+1.0×	5×+1.0×	4.9×+1.3×	4.7×+1.4×	4.4×+1.3×
Free cash flow yield	6.4%—	7%—	7%—	7.7%—	——
Earnings yield	10%-0.7pp	10.3%-1.9pp	10.5%-2.8pp	10.6%-3.4pp	10.7%-3.7pp
Dividend yield	3.3%-0.6pp	3.5%-0.8pp	3.6%-1.3pp	3.6%-1.6pp	3.9%-1.6pp
PEG ratio	8.8×—	——	——	——	——

Chart any of these lines over time, or line them up against competitors.

Compare these in charts →

Ask your AI about Walmart .

Connect your AI assistant and get a quick read on the numbers, right in your chat.

Connect your AI

Claude

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.