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Walmart WMT Return on invested capital

Return on invested capital at other companies

Target logo
TargetTGT
11.9%-6.4pp
Dollar General logo
Dollar GeneralDG
7.4%+1.7pp
Kroger logo
KrogerKR
12.2%-6.8pp
Lowe's Companies logo
Lowe's CompaniesLOW
30.9%-8.6pp
CVS Health logo
CVS HealthCVS
7.1%-1.2pp
Weis Markets logo
Weis MarketsWMK
6.7%+0.5pp

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$884.94B+11.3%
Enterprise value$947.8B+11.5%
P/E38.9×+1.7×
P/S1.2×+0.1×

Profitability

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Gross margin25%+0.1pp
Operating margin4.2%-0.2pp
Net margin3.1%+0.4pp
FCF margin1.7%-0.2pp

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 source filing: Walmart ’s 10-Q, filed May 29, 2026. Open the filing →

Filed
May 29, 2026, 4:17 PM EDT
Fiscal quarter
Q1 FY2027
Calendar quarter
Q2 2026
Accession
0000104169-26-000102

FAQ

What is Walmart 's return on invested capital?
Walmart (WMT) reported return on invested capital of 15.3% in Q1 2026.
How has Walmart 's return on invested capital changed year-over-year?
Walmart 's return on invested capital decreased by 7.3% year-over-year, from 16.5% to 15.3%.
What is the long-term trend for Walmart 's return on invested capital?
Over 5 years (2021 to 2026), Walmart 's return on invested capital has grown at a 5.6% compound annual growth rate (CAGR), from 11.5% to 15.2%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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