Bringing the fundamentals into focus…

Walmart Inc. (WMT) fundamentals: overall 44/100 — StockQuotient

WMT Consumer Defensive

Walmart Inc.

$108.16+0.90%

Price as of close on Oct 7, 2026

Basics

Sector: Consumer Defensive
Industry: Discount Stores
Country: United States
Market cap: 860.7B USD
Enterprise value: 866.1B USD
Full-time employees: 2,100,000

This snapshot is over eight days old. A refresh may be pending.

Overall health

Strength: more profitable than most peersmore profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 0.59 vs a peer median of 0.40), though less than the overall market and less short-term liquidity (current ratio 0.77 vs a peer median of 1.51)higher risk: bigger price swings (beta 0.59 vs peers 0.40) and less liquidity (current ratio 0.77 vs peers 1.51)
About average: growth

Ranks #477 of 761 consumer defensive companies (bottom 38%)

See how it ranks against its peers

Worth knowing

Profit recovered from an unusually weak FY Jan 2023. Since FY Jan 2023 (an unusually weak year for operating profit): revenue +17%, operating profit +46%.Since FY Jan 2023: revenue +17%, operating profit +46%.
Since FY Jan 2023, Walmart's revenue grew 17% while operating profit grew 46%: each extra dollar of sales is adding more profit.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $559.2B in FY Jan 2021 to $713.2B in FY Jan 2026.
Walmart's fiscal-year revenue rose in each of the five years to FY Jan 2026, from $559.2B to $713.2B.

StockQuotient Score

44/ 100▼ 1 since Sep 30 close

Valuation

Is the price right?

25/100

Weak▼ 1 since Sep 30 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Sep 30, 2026 close: Score 26 → 25

Share price +4.1%-1

Each step re-scores the company against its peers as they were on Oct 1, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ FCF yield
▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield2.6%

SEC filings · 12 months to Jul 2026Reported value30% base weight · Z-score -0.69Sector median: 0.0467 · MAD: 0.0304

EBITDA yield5.3%

SEC filings · 12 months to Jul 2026Reported value50% base weight · Z-score -0.82Sector median: 0.0888 · MAD: 0.0439

Free cash flow yield1.6%

SEC filings · 12 months to Jul 2026 · operating cash flow − capital spendingReported value20% base weight · Z-score -1.10Sector median: 0.0627 · MAD: 0.0426

Other data (not scored)

Book yield11.4%

SEC filings · latest balance sheetReported valueInformational · 0% composite weightSector median: 0.5203 · MAD: 0.2698

Growth

Is it growing?

59/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Helped by:

▲ Revenue growth
▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growth3.9%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.10Sector median: 0.0150 · MAD: 0.2517

3-year revenue growth5.3%

SEC filings · 3 years to Jul 2026Reported value33% base weight · Z-score 0.34Sector median: 0.0368 · MAD: 0.0470

Revenue growth6.2%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 0.58Sector median: 0.0278 · MAD: 0.0585

Profitability

Does it earn well?

67/100

Moderate

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Stronger than most peers on:

▲ ROA
▲ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin4.4%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score -0.63Sector median: 0.0758 · MAD: 0.0509

Return on assets7.5%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.37Sector median: 0.0394 · MAD: 0.0261

Return on invested capital18.6%

SEC filings · 12 months to Jul 2026Reported value33% base weight · Z-score 1.64Sector median: 0.0757 · MAD: 0.0673

Other data (not scored)

Gross margin25.2%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.3174 · MAD: 0.1267

Return on equity22.5%

SEC filings · 12 months to Jul 2026Reported valueInformational · 0% composite weightSector median: 0.0830 · MAD: 0.0674

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.59

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.15Sector median: 0.4020 · MAD: 0.1680

Current ratio0.77×

SEC filings · latest balance sheetReported value33% base weight · Z-score -1.17Sector median: 1.5138 · MAD: 0.6358

Debt / equity0.51×

SEC filings · latest balance sheetReported value33% base weight · Z-score -0.25Sector median: 0.4234 · MAD: 0.3581

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Latest filing: what changed

Quarter ended Jul 31, 2026 · filed Aug 28, 2026 · compared with the quarter ended Apr 30, 2026

No major changes

	Previous quarter	Latest quarter	Change
Revenue (12 months)	725.3B USD	735.8B USD	+1.5%
Net income (12 months)	22.7B USD	22.1B USD	−2.9%
Operating margin	4.2%	4.4%	+0.2 pts
Free cash flow (12 months)	12.6B USD	13.5B USD	+7.6%
Debt	51.5B USD	50.4B USD	−2.0%
Cash	10.7B USD	11.5B USD	+7.5%
Shares outstanding	7.96B	7.93B	−0.3%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Sector: Consumer Defensive · 91 companies

Valuations in Consumer Defensive are within their usual range since 2016.

30% of months since 2016 were valued lower than now.
18% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −4% and earnings +7% (medians): prices and earnings moved broadly together.
Median price-to-sales is −58% vs the whole market, against a usual −39%.

2016Shaded: most expensive fifth of its range2026

Shown for Consumer Defensive: too few Discount Stores companies have a long enough history of their own.

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY Jan 2022	FY Jan 2023	FY Jan 2024	FY Jan 2025	FY Jan 2026	Change
Gross margin	25.1%	24.1%	24.4%	24.9%	24.9%	▲ 0.1 pts
Operating margin	4.5%	3.3%	4.2%	4.3%	4.2%	▼ 0.1 pts
Net margin	2.4%	1.9%	2.4%	2.9%	3.1%	▲ 0.2 pts
Return on assets (ROA)	5.6%	4.8%	6.1%	7.5%	7.7%	▲ 0.2 pts
Return on equity (ROE)	16.4%	15.2%	18.5%	21.4%	22.0%	▲ 0.6 pts
Free cash flow margin	1.9%	2.0%	2.3%	1.9%	2.1%	▲ 0.2 pts
Current ratio	0.93×	0.82×	0.83×	0.82×	0.79×	▼ 4.0%
Quick ratio	0.28×	0.21×	0.24×	0.24×	0.24×	▲ 1.6%
Debt to equity	0.46×	0.51×	0.48×	0.43×	0.45×	▲ 4.7%
Interest coverage	15.50×	11.43×	11.96×	13.05×	12.87×	▼ 1.4%

WMT price history

Price history is added with the daily price update and will appear after the next one.

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