Walmart (WMT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Walmart

NasdaqGS•Consumer Defensive•Discount Stores

$106.73-0.06(<0.01%)After hours

Market Cap

$849.41B

P/E

38.5x

P/S

1.2x

P/B

8.6x

Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membership-only warehouse clubs; and ecommerce websites, such as walmart.com.mx, walmart.ca, flipkart.com, PhonePe and other sites. It offers grocery items, including dry grocery, snacks, dairy, meat, produce, deli and bakery, frozen foods, alcoholic and nonalcoholic beverages, as well as consumables, such as health and beauty aids, pet supplies, household chemicals, paper goods, and baby products; and fuel and other categories. In addition, it is involved in the provision of health and wellness products covering pharmacy, optical and hearing services, over-the-counter drugs, and protein and nutrition products; and home, hardlines, and seasonal items, including home improvement, outdoor living, gardening, furniture, apparel, jewelry, tools and power equipment, housewares, toys, and mattresses. Further, the company offers consumer electronics and accessories, software, video games, office supplies, appliances, and third-party gift cards. Additionally, it operates digital payment platforms; offers financial services and related products, including money transfers, bill payments, money orders, check cashing, prepaid access, co-branded credit cards, installment lending, and earned wage access; and markets lines of merchandise under private and licensed brands. The company was formerly known as Wal-Mart Stores, Inc. and changed its name to Walmart Inc. in February 2018. Walmart Inc. was founded in 1945 and is based in Bentonville, Arkansas.

How this company scores

GoodMetricSide Score: 64/100

Strongest: Balance Sheet & Red Flags (20/25); weakest: Cash & Earnings Quality (13/25).

Profitability14/25

Growth17/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality13/25

Strengths

High ROELow leverageInterest easily coveredConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 38.5x5y range 25.6x – 51.9x

Currently near its 20-quarter median.

P/S · 1.2x5y range 0.6x – 1.4x

Currently above its 20-quarter median.

P/B · 8.6x5y range 4.7x – 10.8x

Currently above its 20-quarter median.

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $849.41B

Metrics at a Glance

as of July 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $735.84B
Q. Revenue: $187.94B
TTM EBITDA: $47.37B
TTM Op. Income: $32.28B
Q. Op. Income: $9.38B
TTM Net Income: $22.08B
Q. Net Income: $6.37B
EPS: $0.8
Shares Out.: $7.95B

$735.84B in TTM revenue grew 6.2% YoY, reaching $187.94B last quarter. TTM EBITDA of $47.37B and TTM operating income of $32.28B show growth is flowing through to the bottom line. TTM net income of $22.08B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 26.1%
EBITDA Margin: 7.1%
Op. Margin: 5.0%
Net Margin: 3.4%

Op. margin of 5.0% is up 0.9% YoY — cost efficiency is improving. Net margin at 3.4% and gross margin of 26.1% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 22% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 38.5x
P/S Ratio: 1.2x
P/B Ratio: 8.6x

At 38.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.2x and P/B of 8.6x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 5% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $293.91B
Cash: $11.53B
Long-Term Debt: $36.46B
Book Value: $98.24B
D/E Ratio: 0.4
Debt/EBITDA: 2.7

With $293.91B in assets and $36.46B in long-term debt, D/E is 0.4and book value is $98.24B — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is down 6% — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $14.97B
TTM Free Cash Flow: $13.51B
FCF Margin: 1.8%
FCF / Net Income: 0.6

TTM FCF of $13.51B on $14.97B in operating cash flow. The FCF / Net Income ratio of 0.6x means cash covers only part of net income — earnings quality needs attention. Over the past year, free cash flow is down 2% — an improving trend.