Walmart Financial Ratios
NASDAQ: WMTConsumer DiscretionaryDepartment/Specialty Retail StoresUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Walmart ratio analysis
Walmart earned a net margin of 3.1% in FY 2026, up from 2.9% a year earlier. Gross margin was 24.9% compared with a median of 24.9% over the prior 9 years. Return on equity reached 22.0%, meaning Walmart generated 0.22 dollars of profit for every dollar of shareholders' equity.
Debt-to-equity stood at 0.45 versus 0.43 the year before, and the current ratio was 0.79. At the end of FY 2026, WMT traded at 43.6 times earnings; across the 10 fiscal years shown, its year-end P/E ranged from 5.1 to 43.6, with a median of 21.3. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Walmart financial ratios (annual)
| Ratio | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 43.64 | 40.73 | 29.59 | 33.27 | 28.67 | 9.86 | 7.35 | 13.84 | 10.62 | 5.06 |
| Price / sales | 1.33 | 1.16 | 0.70 | 0.63 | 0.68 | 0.24 | 0.21 | 0.18 | 0.21 | 0.14 |
| Price / book | 9.55 | 8.67 | 5.44 | 5.03 | 4.67 | 1.64 | 1.46 | 1.26 | 1.34 | 0.88 |
| Gross margin | 24.9% | 24.9% | 24.4% | 24.1% | 25.1% | 24.8% | 24.7% | 25.1% | 25.4% | 25.6% |
| Operating margin | 4.2% | 4.3% | 4.2% | 3.3% | 4.5% | 4.0% | 3.9% | 4.3% | 4.1% | 4.7% |
| Net margin | 3.1% | 2.9% | 2.4% | 1.9% | 2.4% | 2.4% | 2.8% | 1.3% | 2.0% | 2.8% |
| Free cash flow margin | 2.1% | 1.9% | 2.3% | 2.0% | 1.9% | 4.6% | 2.8% | 3.4% | 3.7% | 4.3% |
| Return on equity (ROE) | 22.0% | 21.4% | 18.5% | 15.2% | 16.4% | 16.7% | 19.9% | 9.2% | 12.7% | 17.5% |
| Return on assets (ROA) | 7.7% | 7.5% | 6.1% | 4.8% | 5.6% | 5.4% | 6.3% | 3.0% | 4.8% | 6.9% |
| Debt / equity | 0.45 | 0.43 | 0.48 | 0.51 | 0.46 | 0.55 | 0.66 | 0.70 | 0.50 | 0.51 |
| Current ratio | 0.79 | 0.82 | 0.83 | 0.82 | 0.93 | 0.97 | 0.79 | 0.80 | 0.76 | 0.86 |
| Revenue growth | 4.7% | 5.1% | 6.0% | 6.7% | 2.4% | 6.7% | 1.9% | 2.8% | 3.0% | 0.8% |
| EPS growth | 13.3% | 26.2% | 34.5% | -12.3% | -65.9% | -8.5% | 129.6% | -31.1% | -25.1% | -4.2% |