Walmart Inc.
[WMT]
NYSE
MVPro™ Score: 53/100
Next Earnings: 14 May 2026
[WMT]
NYSE
MVPro™ Score: 53/100
Next Earnings: 14 May 2026
Powered by AI
| Capitalization (mln USD) | 977,478 |
| Revenue (mln USD) | 190,656 |
| EBITDA (mln USD) | 10,420 |
| Net Income (mln USD) | 4,237 |
| Net Margin | 2.22% |
| EPS Ratio (TTM, USD) | 2.75 |
| P/E Ratio (TTM) | 44.65 |
| P/S Ratio (TTM) | 1.42 |
| D/E Ratio | 1.79 |
| EV/EBITDA (TTM) | 25.12 |
| CAPEX (Q/Q) | 11.04% |
| Dividend Yield | 0.81% |
Revenue, EBITDA & Net Income
Company Overview
Walmart Inc. is one of the largest multinational retail corporations in the world, originally founded in 1962 by Sam Walton in Rogers, Arkansas. Headquartered in Bentonville, Arkansas, the company operates a vast chain of hypermarkets, discount department stores, and grocery outlets across multiple countries. With a focus on offering low prices and wide accessibility, Walmart has become a household name, particularly in the United States.
The company provides a diverse range of products and services, including groceries, apparel, electronics, household goods, and financial services. Walmart operates through various formats such as Walmart Supercenters, Sam’s Club warehouses, and e-commerce platforms. The current CEO, Doug McMillon, has been at the helm since 2014, steering the company through a period of digital transformation and global expansion.
Walmart has a presence in numerous international markets including Mexico, Chile, China, and Canada, although its core revenues are still derived from its U.S. operations. The company states its mission as “saving people money so they can live better,” and has increasingly prioritised sustainability and corporate responsibility. Walmart is actively investing in ESG initiatives, including renewable energy, waste reduction, and supply chain transparency, reflecting its commitment to responsible business practices.
🔴 P/E (Price to Earnings, TTM)
Price-to-earnings (P/E) ratio for the most recent quarter is 46.2, compared to 38.0 in the previous quarter, with a longer-term trend value of 47.8. This increase in the P/E ratio suggests a higher valuation of the company by investors, potentially driven by strong growth expectations, earnings stability, or increased market confidence.
P/E Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (TTM)
P/E Ratio
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 EPS (Earnings Per Share, TTM)
Walmart's earnings per share (EPS) for the most recent quarter is 2.75 USD (-4.40%), compared to 2.87 USD in the previous quarter, with a longer-term trend value of 2.84 USD. This quarterly decline in EPS may indicate increased operational costs, lower revenue growth, or market pressures.
EPS
Source: MarketVectors.Pro, Walmart Financial Reports (TTM, USD)
EPS
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 P/B (Price to Book)
Price-to-book (P/B) ratio for the most recent quarter stands at 10.16 (+12.1%), compared to 9.07 in the previous quarter, with a long-term trend value of 11.30. The rise in the P/B ratio suggests that investors are valuing the company’s assets at a higher multiple, potentially due to improved financial performance, asset appreciation, or heightened market optimism.
P/B Ratio
Source: MarketVectors.Pro, Walmart Financial Reports
P/B Ratio
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 EBIT
EBIT for Walmart in the most recent quarter is 8,708 million USD, compared to 6,696 million USD in the previous quarter, with a long-term trend value of 8,439 million USD. This increase reflects improved operational performance and higher profitability, aligning with the long-term growth trajectory.
EBIT
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
EBIT
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Risk Assessment
As one of the world’s largest retailers, Walmart Inc. operates in a highly dynamic environment and is exposed to a range of risks that may affect its financial and operational performance.
Market Risk
Walmart faces intense competition from both traditional retailers and e-commerce platforms, which may erode market share and pricing power. Fluctuations in consumer demand, especially during periods of economic uncertainty or inflation, can impact sales volumes. In addition, shifts in customer preferences towards online shopping require continuous adaptation to remain competitive.
Financial Risk
Although Walmart maintains strong cash flow, it is exposed to foreign exchange risks due to its international operations. Interest rate fluctuations may affect its cost of borrowing, especially with long-term debt financing. Credit risk may also arise from its financial services and receivables in various markets.
Operational Risk
Supply chain disruptions, whether due to geopolitical tensions, pandemics, or natural disasters, can hinder product availability and increase operating costs. Dependence on low-cost sourcing exposes Walmart to risks related to labour conditions and supplier reliability. Furthermore, maintaining efficiency across such a vast network of stores and distribution centres is an ongoing challenge.
Regulatory Risk
Walmart must comply with a wide range of international and local regulations, including labour laws, taxation, and environmental standards. Changes in trade policies or tariffs can significantly affect procurement and pricing strategies. Non-compliance or reputational incidents may result in legal penalties and damage to brand trust.
Overall Risk Assessment
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Piotroski F-Score Analysis
Piotroski F-Score analysis is a robust methodology designed to assess the financial strength and operational efficiency of companies, providing valuable insights for investment decision-making.
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
| Previous TTM | Current TTM | Score | |
| Net Income | 19,436 | 21,893 | 1 |
| ROA | 7.53% | 7.91% | 1 |
| Net Operating Cash Flow | 242 | 1,662 | 1 |
| OCF > Net Income | 17,007 | 19,672 | 1 |
| Long-Term Debt | 162,525 | 147,107 | 1 |
| Current Ratio | 0.82 | 0.79 | 0 |
| New Shares Issued (mln) | 8,081 | 7,969 | 1 |
| Gross Margin | 24.85% | 24.93% | 1 |
| Total Asset Turnover Ratio | 2.64 | 2.58 | 0 |
| Piotroski F-Score | 7/9 |
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Altman Z-Score Analysis
Altman Z-Score is a widely recognised financial metric used to evaluate the risk of bankruptcy for companies. It is particularly relevant for assessing the creditworthiness of manufacturing and industrial companies but has also been adapted for other industries.
Source: MarketVectors.Pro, Walmart Financial Reports
| Q4 25 | |||
| Altman Z-Score (TTM) | 7.94 | ||
| 0 | Distress | 1.8 | Grey | 2.99 | Safe | 4 |
Source: MarketVectors.Pro, Walmart Financial Reports
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Key Assets Components
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
As of last quarter the company reported total assets of 284,668 million USD, representing an increase of 9.1% compared to the previous year the same quarter 260,823 million USD. The largest contributor to this change in current assets was Cash & Short-Term Inv, which grew by 18.7% to 10,727 million USD from 9,037 million USD.
Assets
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
| Q4 24 | Q4 25 | Change (%) | |
| Cash & Short-Term Inv | 9,037 | 10,727 | 18.70% |
| Inventory | 56,435 | 58,851 | 4.28% |
| Receivables | 9,975 | 11,172 | 12.00% |
| Total Current Assets | 79,458 | 84,874 | 6.82% |
| Property and Equipment | 119,993 | 156,956 | 30.80% |
| Goodwill, Intangibles | 28,792 | 28,735 | -0.20% |
| Other Long-Term Assets | 12,869 | 14,103 | 9.59% |
| Total Assets | 260,823 | 284,668 | 9.14% |
Assets
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Key Liabilities & Equity
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Total current liabilities increased by 11.3%, indicating a potential growth in operational activities. This change may affect the company's ability to manage its working capital efficiently. Long-term debt decreased by 12.0%, suggesting a reduction in financial leverage. This shift could have implications for the Walmart's financing costs and overall debt strategy.
Liabilities & Equity
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
| Q4 24 | Q4 25 | Change (%) | |
| Accounts Payable | 58,666 | 63,061 | 7.49% |
| Accrued Expenses, Other | 23,087 | 24,136 | 4.54% |
| Total Current Liabilities | 96,584 | 107,469 | 11.27% |
| Long-term Lease | 21,047 | 22,333 | 6.11% |
| Long-term Debt | 39,324 | 34,624 | -11.95% |
| Total Liabilities | 163,402 | 178,488 | 9.23% |
| Shareholders’ Equity | 97,421 | 99,617 | 2.25% |
Liabilities & Equity
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Income Statement Analysis
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
As of Q4 25, Walmart reported a revenue of 190,656 million USD, marking an increase of 5.6% compared to the previous year to 180,554 million USD. Operating expenses rose to 38,333 million USD, increasing by 12.2% year-on-year from 34,171 million USD.
Revenue & Net Income
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
| Q4 24 | Q4 25 | Change (%) | |
| Revenue | 180,554 | 190,656 | 5.60% |
| Operating Expenses | 34,171 | 38,333 | 12.18% |
| Operating Income | 7,859 | 8,708 | 10.80% |
| Net Income | 5,254 | 4,237 | -19.36% |
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
Revenue & Net Income
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Cash Flow Analysis
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
The company’s cash flow performance over the year demonstrates varied trends across key categories. Net operating cash flows increased by 4.3% from 13,525 million USD to 14,113 million USD, reflecting stronger cash generation from core business activities. Net investing cash flows increased by 16.0% from -8,718 million USD to -7,320 million USD, indicating reduced expenditure on investments, potentially related to strategic initiatives.
Operating Cash Flow
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
| Q4 24 | Q4 25 | Change (%) | |
| Net Operating Cash Flows | 13,525 | 14,113 | 4.35% |
| Net Investing Cash Flows | -8,718 | -7,320 | 16.04% |
| Net Financing Cash Flows | -5,149 | -6,541 | -27.03% |
| Net Cash Flow, Equivalents | -342 | 252 | 173.68% |
Operating Cash Flow
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 EBITDA
Walmart's EBITDA for the most recent quarter is 10,420 milion USD (-16.5%), compared to 12,476 milion USD in the previous quarter, with a long-term trend value of 10,191 milion USD. This decline in EBITDA may suggest increased operating costs, lower revenue generation, or other external factors affecting profitability.
EBITDA
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
EBITDA
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Net Income
Net income for the most recent quarter is 4,237 milion USD (-31.0%), compared to 6,143 milion USD in the previous quarter, with a long-term trend value of 2,782 milion USD. This decline in net income may indicate increased operational costs, lower revenue generation, or external market challenges affecting profitability.
Net Income
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Net Income
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 ROE (Return on Equity, %) ★ Buffett's Key Metric
Walmart's return on equity (ROE) for the most recent quarter is 22.0%, compared to 23.8% in the previous quarter, with a long-term trend value of 23.8%. This decline in ROE may indicate reduced profitability, increased equity base, or other financial challenges affecting the company's return on investment.
ROE Indicator
Source: MarketVectors.Pro, Walmart Financial Reports (%)
ROE Indicator
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 ROA (Return on Assets, %)
Return on assets (ROA) for the most recent quarter is 7.7%, compared to 7.9% in the previous quarter, with a long-term trend value of 7.8%. This decline in ROA may indicate lower profitability, increased asset base, or operational inefficiencies affecting the company's ability to generate returns.
ROA Indicator
Source: MarketVectors.Pro, Walmart Financial Reports (%)
ROA Indicator
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Operating Margin (%) ★ Buffett's Key Metric
Walmart's operating margin for the most recent quarter is 4.6%, compared to 3.7% in the previous quarter, with a long-term trend value of 4.8%. This increase in operating margin reflects improved cost efficiency, higher revenue retention, or a stronger pricing strategy. The rise suggests that Walmart is effectively managing its operational expenses while maintaining revenue growth.
Operating Margin
Source: MarketVectors.Pro, Walmart Financial Reports (%)
Operating Margin
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Net Margin (%) ★ Buffett's Key Metric
Net margin for the most recent quarter is 2.2%, compared to 3.4% in the previous quarter, with a long-term trend value of 1.6%. This decline in net margin may indicate rising operational costs, pricing pressures, or changes in revenue mix that are affecting overall profitability. A lower net margin suggests that expenses have grown at a faster rate than revenue, potentially requiring adjustments in cost management or pricing strategy.
Net Margin
Source: MarketVectors.Pro, Walmart Financial Reports (%)
Net Margin
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Long-Term Debt & EBITDA
The current long-term debt is 34,624 million USD, and EBITDA is 10,420 million USD. The long-term debt to EBITDA ratio for the most recent quarter is 332.3%, compared to 276.1% in the previous quarter, with a long-term trend value of 349.6%. This increase in the long-term debt to EBITDA ratio may indicate higher leverage, reduced earnings capacity, or an increase in long-term debt obligations. A rising ratio suggests that Walmart may be taking on additional debt or facing challenges in maintaining EBITDA growth.
Long-Term Debt to EBITDA Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (%)
The ratio remains within the monitoring range 250%–400%, indicating that while debt levels are not yet concerning, ongoing assessment of leverage and earnings stability is necessary. Investors and analysts will closely monitor future financial performance to determine whether this increase reflects temporary fluctuations or a more significant shift in the company's capital structure.
Long-Term Debt & EBITDA
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Long-Term Debt to EBITDA Ratio
The ratio remains within the monitoring range 250%–400%, indicating that while debt levels are not yet concerning, ongoing assessment of leverage and earnings stability is necessary. Investors and analysts will closely monitor future financial performance to determine whether this increase reflects temporary fluctuations or a more significant shift in the company's capital structure.
Long-Term Debt & EBITDA
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Long-Term Debt & Assets
The current long-term debt is 34,624 million USD, and total assets are 284,668 million USD, resulting in a debt ratio of 12.2%. This increase in the long-term debt-to-assets ratio may indicate a higher dependency on long-term debt or a decrease in total assets, potentially leading to increased financial risk. A rising ratio suggests that Walmart may be taking on additional liabilities or experiencing challenges in maintaining asset growth.
Long-Term Debt to Assets Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (%)
The debt-to-assets ratio remains in the low-risk range <40%, which is a sign of a strong financial position. Investors and analysts will closely monitor future financial performance to determine whether this increase reflects temporary fluctuations or a more significant shift in the company's capital structure.
Long-Term Debt & Assets
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Long-Term Debt to Assets Ratio
The debt-to-assets ratio remains in the low-risk range <40%, which is a sign of a strong financial position. Investors and analysts will closely monitor future financial performance to determine whether this increase reflects temporary fluctuations or a more significant shift in the company's capital structure.
Long-Term Debt & Assets
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Long-Term Debt & Equity ★ Buffett's Key Metric
The current long-term debt is 34,624 million USD, while Total Equity stands at 99,617 million USD, resulting in a debt-to-equity ratio of 34.8%. This decline in the long-term debt-to-equity ratio suggests improved financial strength, as the company is reducing its reliance on debt financing relative to its equity base. This may be the result of increased retained earnings, debt repayments, or higher equity financing, all of which contribute to a healthier balance sheet.
Long-Term Debt to Equity Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (%)
The current ratio remains within the safe range <50%, indicating a strong balance sheet with low financial risk and a conservative capital structure. A declining debt-to-equity ratio is generally a positive signal for investors, reflecting reduced leverage and improved financial flexibility.
Long-Term Debt & Equity
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Long-Term Debt to Equity Ratio
The current ratio remains within the safe range <50%, indicating a strong balance sheet with low financial risk and a conservative capital structure. A declining debt-to-equity ratio is generally a positive signal for investors, reflecting reduced leverage and improved financial flexibility.
Long-Term Debt & Equity
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 Equity to Assets
The current equity is 99,617 million USD, while total assets stand at 284,668 million USD, resulting in an equity-to-assets ratio of 35.0%. This increase in the equity-to-assets ratio indicates a strengthening financial position, as the company is relying more on its own capital rather than external debt. The rise suggests higher retained earnings, new equity issuance, or asset appreciation, all of which contribute to long-term financial stability.
Equity to Assets Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (%)
Although the ratio has increased, it is still within the monitoring range 40%–50%, suggesting that while financial leverage is moderate, continued assessment is recommended. A rising equity-to-assets ratio is generally a positive sign for investors, as it indicates lower financial risk and improved capital structure.
Equity & Assets
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Equity to Assets Ratio
Although the ratio has increased, it is still within the monitoring range 40%–50%, suggesting that while financial leverage is moderate, continued assessment is recommended. A rising equity-to-assets ratio is generally a positive sign for investors, as it indicates lower financial risk and improved capital structure.
Equity & Assets
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Quick Ratio
The quick ratio for Walmart is 0.24, compared to 0.24 in the previous quarter, with a long-term trend value of 0.23. This increase in the quick ratio suggests improved short-term liquidity, indicating that the company has a stronger ability to cover its immediate liabilities with liquid assets. Despite the increase, the ratio is still below 0.8, which may point to ongoing liquidity concerns that require attention.
Quick Ratio
Source: MarketVectors.Pro, Walmart Financial Reports
Quick Ratio
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Current Ratio
The current ratio for Walmart is 0.79, compared to 0.80 in the previous quarter, with a long-term trend value of 0.76. This decline in the current ratio may indicate a higher reliance on short-term liabilities, reduced cash flow, or increased working capital constraints. The ratio has now fallen below 1.0, signaling potential liquidity concerns. This suggests that the company may face difficulties meeting short-term obligations and might require improved cash flow management or additional financing.
Current Ratio
Source: MarketVectors.Pro, Walmart Financial Reports
Current Ratio
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Net Working Capital
The net working capital (NWC) for Walmart in the most recent quarter is -22,595 million USD, compared to -22,812 million USD in the previous quarter, with a long-term trend value of -13,105 million USD.
Net Working Capital
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Net Working Capital
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Inventory Turnover Ratio
The inventory turnover ratio for Walmart in the most recent quarter is 9.10, compared to 8.97 in the previous quarter. This increase in inventory turnover indicates that Walmart is selling goods more rapidly, suggesting strong demand, efficient inventory management, and optimized supply chain processes. The turnover ratio is above the 6.0, reflecting high inventory efficiency and fast-moving stock, which minimizes storage costs and obsolescence risks.
Inventory Turnover Ratio
Source: MarketVectors.Pro, Walmart Financial Reports
Inventory Turnover Ratio
🟢 Asset Turnover Ratio
The assets turnover ratio for Walmart in the most recent quarter is 2.51, compared to 2.44 in the previous quarter. This increase in the assets turnover ratio indicates that Walmart is utilizing its assets more efficiently to generate revenue. A rising ratio often reflects improved sales performance, better assets utilization, or operational efficiency. The ratio is above the 2.0, reflecting a very high level of efficiency in assets utilization, meaning that Walmart is generating strong revenue relative to its total assets.
Assets Turnover Ratio
Source: MarketVectors.Pro, Walmart Financial Reports
Assets Turnover Ratio
🔴 Book Value / Share
The book value per share (BVPS) is a key valuation metric that represents the equity value per outstanding share. Calculated by dividing total book value by the number of shares, it helps assess whether a stock trades above or below its book value.
Source: MarketVectors.Pro, Walmart Financial Reports (USD)
Book Value per Share Valuation
Source: MarketVectors.Pro, Walmart Financial Reports (USD, generated on 29 March 2026)
| Q4 24 | Q4 25 | Change (%) | |
| Book Value / Share | 12.06 | 12.5 | 3.65 % |
Book Value per Share Valuation
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Graham Method
The intrinsic value of Walmart’s stock is calculated using Benjamin Graham’s formula, which takes into account the current earnings per share (EPS) and an assumed growth rate (g), providing a simplified yet insightful perspective on a company’s value.
Benjamin Graham Valuation
Source: MarketVectors.Pro, Walmart Financial Reports (USD, generated on 29 March 2026)
Benjamin Graham Valuation
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🔴 Discounted Cash Flow ★ Buffett's Key Metric
The discounted cash flow (DCF) method is used to estimate Walmart’s intrinsic value by projecting future cash flows and discounting them to their present value. This approach considers the company’s potential to generate cash flows in the future, taking into account the time value of money and associated risks.
The terminal value represents the value of Walmart’s cash flows beyond the five-year forecast horizon. It is calculated using the Gordon Growth Model, assuming a perpetual growth rate of 2.0% and WACC of 7.9%. The calculated terminal value is 640,810 million USD.
Total Intrinsic Value Calculations
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Assuming 7,969 million shares outstanding, the intrinsic value per share is approximately 70.24 USD. The current market price of Walmart’s stock is 122.66 USD. Discounted cash flow valuation indicates that the stock is 74.6% overvalued, trading above its intrinsic value.
Discounted Cash Flow Valuation
Source: MarketVectors.Pro, Walmart Financial Reports (USD, generated on 29 March 2026)
| Value | |
| Present Value of FCFs | 122,193 |
| Present Value of Terminal Value | 437,540 |
| Total Intrinsic Value | 559,733 |
Discounted Cash Flow Valuation
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟢 Assets Correlation
The Pearson correlation analysis for Walmart examines the relationship between share price and key financial indicators. Gross profit has a correlation of 0.93, which indicates a strong relationship, meaning profitability is a key driver of stock price movements. Operating income is correlated at 0.33, suggesting a weak relationship with share price fluctuations.
Source: MarketVectors.Pro, Walmart Financial Reports
Current liabilities are correlated at 0.87, implying that short-term obligations are closely monitored by investors, influencing stock valuation. Total assets have a correlation of 0.90, confirming a strong relationship between asset growth and market performance.
Key Financial Indicators Growth Dynamics
Source: MarketVectors.Pro, Walmart Financial Reports, Index=100 on Q2 11
| Pearson Correlation | |
| Share Price | 1 |
| Gross Profit | 0.93 |
| Operating Income | 0.33 |
| Current Liabilities | 0.87 |
| Total Assets | 0.9 |
Key Financial Indicators Growth Dynamics
📌 The full analysis and strategic conclusions for this section are exclusively available in our PDF reports.
Download now with your Premium Plan.
Download now with your Premium Plan.
🟡 FCF Margin Scenarios
• Optimistic Scenario: 5%, driven by operational efficiencies and cost optimisation.
• Base Case: 4% of revenue, consistent with historical trends.
• Pessimistic Scenario: 2%, reflecting higher operating and labour costs. Impact of Changes in FCF Margin
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
An approximately 1-percentage-point increase in the FCF margin to 5%, results in an additional 10,338 milion USD in FCF, highlighting the critical role of operational efficiency. Conversely, a decrease to 2% reduces FCF by 11,057 milion USD, illustrating the significant impact of profitability on cash flow generation.
Projected FCF Margin Scenarios Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
• Base Case: 4% of revenue, consistent with historical trends.
• Pessimistic Scenario: 2%, reflecting higher operating and labour costs. Impact of Changes in FCF Margin
| FCF Margin (%) | Revenue TTM | FCF TTM | Difference | |
| Optimistic | 5% | 713,163 | 35,658 | 10,338 |
| Base Case | 4% | 713,163 | 25,320 | – |
| Pessimistic | 2% | 713,163 | 14,263 | -11,057 |
Projected FCF Margin Scenarios Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
🟡 Operating Costs Scenarios
• Optimistic Scenario: 93%, reflecting enhanced efficiency and lower costs.
• Base Case: 96% of revenue, aligned with historical trends and cost structures.
• Pessimistic Scenario: 99%, driven by rising wages and increased energy costs. Impact of Changes in FCF Margin
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Reducing operational costs to 93% of revenue leads to a 20,096 milion USD increase in operating profit, emphasising the significance of cost control in enhancing margins. Increasing costs to 99% of revenue results in a 22,693 milion USD decline in operating profit, highlighting the sensitivity of profitability to rising expenses.
Projected Operating Costs Scenarios Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
• Base Case: 96% of revenue, aligned with historical trends and cost structures.
• Pessimistic Scenario: 99%, driven by rising wages and increased energy costs. Impact of Changes in FCF Margin
| Operating Costs (%) | Revenue TTM | Operating Profit | Difference | |
| Optimistic | 93% | 713,163 | 49,921 | 20,096 |
| Base Case | 96% | 713,163 | 29,825 | – |
| Pessimistic | 99% | 713,163 | 7,132 | -22,693 |
Projected Operating Costs Scenarios Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
🟡 Revenue Growth Scenarios
Optimistic Scenario: Projected to grow by 6% annually, driven by:
• Robust macroeconomic conditions.
• Strong industry growth with minimal disruptions.
• Favorable regulatory and competitive environment. Base Case: Projected to grow by 5% annually, driven by: • Stable macroeconomic conditions.
• Balanced market growth with manageable risks.
• Limited external disruptions from regulation or supply chains. Pessimistic Scenario: Projected to grow by 4% annually, driven by: • Global economic uncertainty and potential downturn.
• Increased competition and rising operational costs.
• Regulatory and supply chain challenges impacting business operations.
Source: MarketVectors.Pro, Walmart Financial Reports (million USD, TTM)
The projected revenue for the next twelve months varies depending on the scenario. Under the optimistic scenario, revenue is expected to increase by 6% to 755,834 million USD, reflecting strong market growth and operational efficiency. In the base case scenario, revenue is forecasted to grow by 5% to 748,722 million USD, assuming stable economic conditions and consistent business expansion. However, under the pessimistic scenario, revenue is projected to increase by 4% to 741,610 million USD, reflecting potential economic slowdowns or adverse market conditions.
Projected Revenues Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
The variation between projected scenarios highlights the Walmart's ability to perform across a range of market conditions. The growth even in the pessimistic case reflects a degree of resilience and suggests a strong underlying business model. This outlook supports confidence in management’s ability to navigate uncertainty while sustaining forward momentum. Scenario analysis enhances strategic visibility, helping stakeholders understand the potential bandwidth of future results.
• Strong industry growth with minimal disruptions.
• Favorable regulatory and competitive environment. Base Case: Projected to grow by 5% annually, driven by: • Stable macroeconomic conditions.
• Balanced market growth with manageable risks.
• Limited external disruptions from regulation or supply chains. Pessimistic Scenario: Projected to grow by 4% annually, driven by: • Global economic uncertainty and potential downturn.
• Increased competition and rising operational costs.
• Regulatory and supply chain challenges impacting business operations.
| Revenue | Net Income | Revenue (Next) | Net Income (Next) | |
| Optimistic | 713,163 | 21,893 | 755,834 | 23,203 |
| Base Case | 713,163 | 21,893 | 748,722 | 22,985 |
| Pessimistic | 713,163 | 21,893 | 741,610 | 22,766 |
Projected Revenues Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
The variation between projected scenarios highlights the Walmart's ability to perform across a range of market conditions. The growth even in the pessimistic case reflects a degree of resilience and suggests a strong underlying business model. This outlook supports confidence in management’s ability to navigate uncertainty while sustaining forward momentum. Scenario analysis enhances strategic visibility, helping stakeholders understand the potential bandwidth of future results.
🟡 Net Income Growth Scenarios
The projected net income for the next twelve months varies depending on the scenario. Under the optimistic scenario, net income is expected to increase by 6% to 23,203 million USD, reflecting improved profitability and strong financial performance. In the base case scenario, net income is forecasted to grow by 5% to 22,985 million USD, assuming stable market conditions and effective cost management. However, under the pessimistic scenario, net income is projected to increase by 4% to 22,766 million USD, reflecting potential challenges such as higher operational costs or slowing revenue growth.
Projected Net Income Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
The projected resilience in net income across all scenarios suggests a stable underlying profitability profile. Even under adverse assumptions, the Walmart is expected to maintain earnings growth, indicating effective cost controls and strong core operations. This consistency can help support valuation multiples and reduce perceived investment risk. Scenario modeling enhances transparency and strengthens the credibility of financial forecasting in the eyes of stakeholders.
Projected Net Income Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
The projected resilience in net income across all scenarios suggests a stable underlying profitability profile. Even under adverse assumptions, the Walmart is expected to maintain earnings growth, indicating effective cost controls and strong core operations. This consistency can help support valuation multiples and reduce perceived investment risk. Scenario modeling enhances transparency and strengthens the credibility of financial forecasting in the eyes of stakeholders.
🟡 Financial Performance Overview
Walmart demonstrated stronger financial performance in the most recent period, reflecting strong revenue growth, operational efficiency, and profitability improvements revenue increased by 5.6% year-over-year, reaching 190,656 million USD, supported by strong sales performance across all key markets. At the same time, EBITDA declined by 7.2% year-over-year, totaling 10,420 million USD, reflecting increased operational costs and margin pressures.
Revenue & Net Income
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Notably, net income declined by 19.4% year-over-year, reaching 4,237 million USD, negatively impacting Walmart's net margin, which expanded to 2.2%. This growth reflects effective expense control and revenue expansion, strengthening the company’s bottom-line performance.
Revenue & Net Income
Notably, net income declined by 19.4% year-over-year, reaching 4,237 million USD, negatively impacting Walmart's net margin, which expanded to 2.2%. This growth reflects effective expense control and revenue expansion, strengthening the company’s bottom-line performance.
Key Performance Indicators (KPIs)
Source: MarketVectors.Pro, Walmart Financial Reports (YoY)
Valuation & Market Position
Walmart’s valuation metrics indicate a weakened financial standing. The EV to EBITDA (TTM) ratio currently stands at 25.12, increasing from 21.91, reflecting mixed valuation dynamics. This suggests a high enterprise valuation relative to earnings.
EV to EBITDA Ratio
Source: MarketVectors.Pro, Walmart Financial Reports (TTM)
The EV to EBITDA trendline illustrates Walmart’s valuation trajectory, with an increasing enterprise value despite declining earnings, potentially indicating overvaluation or speculative sentiment.
Source: MarketVectors.Pro, Walmart Financial Reports (TTM)
Meanwhile, the P/E (Price to Earnings) ratio has increased to 46.2, down from 41.9 a year ago, which may indicate heightened investor expectations for future profitability. The P/S (Price to Sales) ratio has risen to 1.42, compared to 1.15 a year ago, reinforcing Walmart’s higher market capitalization relative to revenue.
| Change (%) | |
| Revenue Growth | 5.6% |
| EBITDA Growth | -7.2% |
| Net Income Growth | -19.4% |
| Net Margin | 2.2% |
| EPS | 14.2% |
EV to EBITDA Ratio
The EV to EBITDA trendline illustrates Walmart’s valuation trajectory, with an increasing enterprise value despite declining earnings, potentially indicating overvaluation or speculative sentiment.
| Ratio (TTM) | |
| EV/EBITDA | 25.12 |
| P/E Ratio | 44.65 |
| P/S Ratio | 1.42 |
Cash Flow & Liquidity ★ Buffett's Key Metric
Walmart maintains a strengthened cash flow position, highlighting improved liquidity and prudent financial management. The increase in cash flow suggests enhanced operational efficiency and a stronger ability to meet financial obligations.
• Free Cash Flow (FCF) – totaled 6,098 million USD, marking an improvement in liquidity.
• Net Operating Cash Flow – increased by 586.8% year-over-year, reaching 1,662 million USD, showcasing strong core business cash generation.
• Long-term debt – decreased by 9.5%, strengthening the company’s financial structure and reducing interest burdens.
Walmart’s ability to generate substantial cash flow while reducing debt reinforces its financial flexibility, allowing for potential future investments in innovation, logistics, and technology expansion.
Free Cash Flow
Source: MarketVectors.Pro, Walmart Financial Reports (million USD)
Walmart's financial performance in the most recent quarter shows that EBITDA reached 10,420 million USD, indicating a potential slowdown in operational profitability. The company's return on equity (ROE) is 22.0%, pointing to reduced return on shareholder capital and weaker financial performance. The long-term debt-to-equity ratio stands at 34.8%, indicating a more resilient balance sheet and lower financial risk. The quick ratio is 0.24, showing improved liquidity and better short-term risk coverage. The EV/EBITDA ratio is currently 25.12x, suggesting that the stock may be trading at a premium, potentially pricing in high growth expectations. Overall, Walmart’s financial health remains strong, with consistent revenue expansion, cost efficiency improvements, and tightened liquidity conditions. Meanwhile, the P/E ratio is increasing, while Walmart’s long-term prospects remain positive.
Free Cash Flow
Walmart's financial performance in the most recent quarter shows that EBITDA reached 10,420 million USD, indicating a potential slowdown in operational profitability. The company's return on equity (ROE) is 22.0%, pointing to reduced return on shareholder capital and weaker financial performance. The long-term debt-to-equity ratio stands at 34.8%, indicating a more resilient balance sheet and lower financial risk. The quick ratio is 0.24, showing improved liquidity and better short-term risk coverage. The EV/EBITDA ratio is currently 25.12x, suggesting that the stock may be trading at a premium, potentially pricing in high growth expectations. Overall, Walmart’s financial health remains strong, with consistent revenue expansion, cost efficiency improvements, and tightened liquidity conditions. Meanwhile, the P/E ratio is increasing, while Walmart’s long-term prospects remain positive.
Disclaimer
This report is provided for informational purposes only and does not constitute financial, investment, legal, tax, or professional advice. The information, analyses, forecasts, and opinions contained herein are based on sources believed to be reliable as of the publication date. However, MarketVectors.Pro, its affiliates, officers, directors, employees, and agents make no warranties or representations, express or implied, regarding the accuracy, completeness, reliability, or suitability of this information for any particular purpose. The data, assumptions, and projections provided are subject to change without notice.
No Investment or Legal Advice
This report does not constitute an offer, recommendation, or solicitation to buy, sell, or hold any financial instrument, security, commodity, or investment. Any investment decisions made by the recipient are made entirely at their own discretion and risk. MarketVectors.Pro and its affiliates expressly disclaim any and all liability for investment losses, financial damages, or any other consequences arising from reliance on this report, whether such losses result from errors, omissions, misinterpretations, or unforeseen market conditions.
The recipient acknowledges and agrees that MarketVectors.Pro shall not be held liable under any legal theory, including but not limited to negligence, breach of fiduciary duty, or misrepresentation, for any direct, indirect, incidental, consequential, or punitive losses incurred. Furthermore, past performance is not indicative of future results, and no assurance or warranty is given regarding the accuracy, completeness, or reliability of the information contained herein. The recipient is strongly encouraged to seek independent professional advice before making any financial decisions.
This report may contain inaccuracies, errors, or omissions. MarketVectors.Pro and its affiliates expressly disclaim any responsibility for such inaccuracies and make no warranties, express or implied, regarding the correctness or completeness of the information provided. The recipient agrees not to hold MarketVectors.Pro liable for any such inaccuracies or their consequences.
Forward-Looking Statements and Risk Disclosures
This report may contain forward-looking statements based on assumptions, estimates, and expectations that are inherently subject to known and unknown risks and uncertainties. Actual results may differ materially from those projected due to factors beyond the control of MarketVectors.Pro, including but not limited to market fluctuations, geopolitical events, regulatory changes, and macroeconomic conditions. No assurances or guarantees can be made that any projections, expected returns, or forecasts will be realized.
Past performance is not indicative of future results. The recipient acknowledges that all forward-looking statements are inherently uncertain and that actual results may differ significantly from projections. MarketVectors.Pro does not guarantee any level of performance or return on investment.
Jurisdictional and Regulatory Considerations
This document is intended for recipients in jurisdictions where its distribution and access are legally permitted. It may not comply with regulatory standards in all jurisdictions and should not be used or relied upon in any jurisdiction where such distribution would violate local laws or regulations. Recipients are responsible for ensuring compliance with applicable local laws before engaging in any financial activities based on this report.
Confidentiality and Restriction on Distribution
This report is confidential and solely intended for the designated recipient. It may not be copied, reproduced, distributed, or shared without the prior written consent of MarketVectors.Pro. Unauthorized use or distribution of this document may be subject to legal action under applicable intellectual property and confidentiality laws.
Limitation of Liability
To the fullest extent permitted by law, MarketVectors.Pro, its affiliates, officers, directors, employees, and representatives expressly disclaim any and all liability for any damages or losses, whether direct, indirect, incidental, consequential, punitive, or otherwise, arising from the use or reliance on this report.
By accessing or using this report, the recipient acknowledges and agrees to the above terms and waives any claims against MarketVectors.Pro and its affiliates related to the content, analysis, or recommendations provided.
