WM
Walmart Inc
WMT—
Walmart Inc AI Insights
Informational only. Not investment advice.Snapshot
- Negative working capital of -22.8B means suppliers finance operations - WMT collects before paying, generating float on 703B TTM revenue.[Working Capital]
- Asset turnover TTM of 2.55x vs industry median 1.64x - extracts 55% more revenue per dollar of assets than peers.[Asset Turnover TTM]
- ROE TTM 24.9% vs industry median 12.6% while debt/equity 0.71 is conservative - capital efficiency, not leverage.[ROE TTM]
Watch Triggers
- Operating Margin TTM: Sustained move above 4.5% — Would justify premium multiple; current 4.1% is at industry median despite scale
- Working Capital: Turns positive — Loss of negative WC would signal supplier leverage erosion, cash flow headwind
- Inventory: Increase >10% YoY — 7.6B inventory reduction drove cash; reversal signals demand weakness or buying errors
Bull Case
Scale moat: 703B TTM revenue is 7.5x industry mean, enabling supplier leverage (67B payables) and negative working capital that smaller competitors cannot replicate.
Total Revenue TTMAccounts PayableWorking Capital
ROIC TTM 14.6% vs 7.4% industry median with 2.55x asset turnover - operational excellence compounds even at low margins.
ROIC TTMAsset Turnover TTM
Bear Case
Valuation stretched: P/E 39.7x (36% premium to industry) and P/B 13.5x require sustained growth that 4.1% operating margin limits.
P/E RatioP/B RatioOperating Margin TTM
Capex intensity: 25.7B TTM (3.7% of revenue) consumes 63% of operating cash flow, constraining shareholder returns.
Capital Expenditure TTMFree Cash Flow TTM
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
55%
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Forward Thesis
Operating cash flow will outpace capex, enabling accelerated buybacks and dividend growth
1-3yhigh
- OCF TTM 41B vs capex 25.7B = 15.3B FCF
- Inventory down 7.6B releasing cash
- Payables up 6B extending supplier terms
FCF TTM 15.3B on 703B revenueChange in inventory -7.6B TTMChange in payables +6B TTM
Premium valuation will compress without margin expansion beyond 4.1% operating margin
1-3ymed
- P/E 39.7x vs industry 29.2x median
- Operating margin 4.1% at industry median
- P/B 13.5x implies growth priced in
P/E TTM 39.7x, 36% above medianOperating margin TTM 4.1%P/B TTM 13.5x
Valuation Context
Caveats
Public Strategies Rankings
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WMT Fundamentals
Retail Trade → General Merchandise Stores
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$924.63B | — | ||
$982.47B | — | ||
40 | — | ||
$703.06B | +4.3% | — | |
$2.86 | +18.2% | — | |
4.12% | -0.1% | — | |
3.26% | +0.3% | — | |
$15.26B | -10.2% | — | |
0.25 | +1.4% | — | |
Beta 5Y (Monthly) | unknown | — |
WMT Dividend History
104 dividends
01/05/26$0.2350
09/02/25$0.2350
05/27/25$0.2350
04/07/25$0.2350
01/06/25$0.2075
09/03/24$0.2075
05/28/24$0.2075
04/01/24$0.2075
01/02/24$0.1900
09/05/23$0.1900
05/30/23$0.1900
04/03/23$0.1900
01/03/23$0.1867
09/06/22$0.1867
05/31/22$0.1867
04/04/22$0.1867
01/03/22$0.1833
09/07/21$0.1833
06/01/21$0.1833
04/05/21$0.1833
01/04/21$0.1800
09/08/20$0.1800
06/01/20$0.1800
04/06/20$0.1800
01/02/20$0.1767
09/03/19$0.1767
06/03/19$0.1767
04/01/19$0.1767
01/02/19$0.1733
09/04/18$0.1733
06/04/18$0.1733
04/02/18$0.1733
01/02/18$0.1700
09/05/17$0.1700
06/05/17$0.1700
04/03/17$0.1700
01/03/17$0.1667
09/06/16$0.1667
06/06/16$0.1667
04/04/16$0.1667
01/04/16$0.1633
09/08/15$0.1633
06/01/15$0.1633
04/06/15$0.1633
01/05/15$0.1600
09/03/14$0.1600
06/02/14$0.1600
04/01/14$0.1600
01/02/14$0.1567
09/03/13$0.1567
06/03/13$0.1567
04/01/13$0.1567
12/27/12$0.1325
09/04/12$0.1325
06/04/12$0.1325
04/04/12$0.1325
01/03/12$0.1217
09/06/11$0.1217
06/06/11$0.1217
04/04/11$0.1217
01/03/11$0.1008
09/07/10$0.1008
06/01/10$0.1008
04/05/10$0.1008
01/04/10$0.0908
09/08/09$0.0908
06/01/09$0.0908
04/06/09$0.0908
01/02/09$0.0792
09/02/08$0.0792
06/02/08$0.0792
04/07/08$0.0792
01/02/08$0.0733
09/04/07$0.0733
06/04/07$0.0733
04/02/07$0.0733
01/02/07$0.0558
09/05/06$0.0558
06/05/06$0.0558
04/03/06$0.0558
01/03/06$0.0500
09/06/05$0.0500
06/06/05$0.0500
04/04/05$0.0500
01/03/05$0.0433
09/07/04$0.0433
06/07/04$0.0433
04/05/04$0.0433
01/05/04$0.0300
10/14/03$0.0300
07/07/03$0.0300
04/07/03$0.0300
01/06/03$0.0250
10/07/02$0.0250
07/08/02$0.0250
04/18/02$0.0250
01/07/02$0.0233
10/09/01$0.0233
07/09/01$0.0233
04/09/01$0.0233
01/08/01$0.0200
10/10/00$0.0200
07/10/00$0.0200
04/10/00$0.0200
WMT Stock Splits
1 stock split
02/26/241:3 split
WMT SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
12/03/25 | 10/31/25 | 10-Q | |
08/29/25 | 07/31/25 | 10-Q | |
06/06/25 | 04/30/25 | 10-Q | |
03/14/25 | 01/31/25 | Unknown | |
12/06/24 | 10/31/24 | 10-Q | |
08/30/24 | 07/31/24 | 10-Q | |
06/07/24 | 04/30/24 | 10-Q | |
03/15/24 | 01/31/24 | 10-K | |
11/30/23 | 10/31/23 | 10-Q | |
09/01/23 | 07/31/23 | 10-Q | |
06/02/23 | 04/30/23 | 10-Q | |
03/17/23 | 01/31/23 | 10-K | |
12/01/22 | 10/31/22 | 10-Q | |
09/02/22 | 07/31/22 | 10-Q | |
06/03/22 | 04/30/22 | 10-Q | |
03/18/22 | 01/31/22 | 10-K | |
12/01/21 | 10/31/21 | 10-Q | |
09/02/21 | 07/31/21 | 10-Q | |
06/04/21 | 04/30/21 | 10-Q | |
03/19/21 | 01/31/21 | 10-K | |
12/02/20 | 10/31/20 | 10-Q | |
09/02/20 | 07/31/20 | 10-Q | |
06/03/20 | 04/30/20 | 10-Q | |
03/20/20 | 01/31/20 | 10-K | |
12/04/19 | 10/31/19 | 10-Q | |
09/06/19 | 07/31/19 | 10-Q | |
06/07/19 | 04/30/19 | 10-Q | |
03/28/19 | 01/31/19 | 10-K | |
11/30/18 | 10/31/18 | 10-Q | |
09/06/18 | 07/31/18 | 10-Q | |
06/04/18 | 04/30/18 | 10-Q | |
03/30/18 | 01/31/18 | 10-K | |
12/01/17 | 10/31/17 | 10-Q | |
08/31/17 | 07/31/17 | 10-Q | |
06/02/17 | 04/30/17 | 10-Q | |
03/31/17 | 01/31/17 | 10-K | |
12/01/16 | 10/31/16 | 10-Q | |
08/31/16 | 07/31/16 | 10-Q | |
06/03/16 | 04/30/16 | 10-Q | |
03/30/16 | 01/31/16 | 10-K | |
12/02/15 | 10/31/15 | 10-Q | |
09/09/15 | 07/31/15 | 10-Q | |
06/05/15 | 04/30/15 | 10-Q | |
04/01/15 | 01/31/15 | 10-K | |
12/01/14 | 10/31/14 | 10-Q | |
09/05/14 | 07/31/14 | 10-Q | |
06/06/14 | 04/30/14 | 10-Q | |
03/21/14 | 01/31/14 | 10-K | |
12/06/13 | 10/31/13 | 10-Q | |
09/05/13 | 07/31/13 | 10-Q | |
06/07/13 | 04/30/13 | 10-Q | |
03/26/13 | 01/31/13 | 10-K | |
12/04/12 | 10/31/12 | 10-Q | |
09/06/12 | 07/31/12 | 10-Q | |
10/21/13 | 07/31/12 | 10-Q/A | |
06/01/12 | 04/30/12 | 10-Q | |
03/27/12 | 01/31/12 | 10-K | |
12/08/11 | 10/31/11 | 10-Q | |
09/01/11 | 07/31/11 | 10-Q | |
06/03/11 | 04/30/11 | 10-Q | |
03/30/11 | 01/31/11 | 10-K | |
12/06/10 | 10/31/10 | 10-Q | |
09/01/10 | 07/31/10 | 10-Q | |
06/04/10 | 04/30/10 | 10-Q | |
03/30/10 | 01/31/10 | 10-K | |
12/08/09 | 10/31/09 | 10-Q | |
09/09/09 | 07/31/09 | 10-Q | |
06/05/09 | 04/30/09 | 10-Q | |
04/01/09 | 01/31/09 | 10-K | |
12/09/08 | 10/31/08 | 10-Q | |
09/04/08 | 07/31/08 | 10-Q | |
06/09/08 | 04/30/08 | 10-Q | |
03/31/08 | 01/31/08 | 10-K | |
11/29/07 | 10/31/07 | 10-Q | |
09/10/07 | 07/31/07 | 10-Q | |
06/01/07 | 04/30/07 | 10-Q | |
03/27/07 | 01/31/07 | 10-K | |
11/30/06 | 10/31/06 | 10-Q | |
08/30/06 | 07/31/06 | 10-Q | |
06/02/06 | 04/30/06 | 10-Q | |
03/29/06 | 01/31/06 | 10-K | |
12/02/05 | 10/31/05 | 10-Q | |
08/31/05 | 07/31/05 | 10-Q | |
06/03/05 | 04/30/05 | 10-Q | |
03/31/05 | 01/31/05 | 10-K | |
12/03/04 | 10/31/04 | 10-Q | |
09/03/04 | 07/31/04 | 10-Q | |
06/04/04 | 04/30/04 | 10-Q | |
04/09/04 | 01/31/04 | 10-K | |
12/11/03 | 10/31/03 | 10-Q | |
09/10/03 | 07/31/03 | 10-Q | |
06/09/03 | 04/30/03 | 10-Q | |
04/15/03 | 01/31/03 | 10-K | |
12/06/02 | 10/31/02 | 10-Q | |
09/11/02 | 07/31/02 | 10-Q | |
06/10/02 | 04/30/02 | 10-Q | |
04/15/02 | 01/31/02 | 10-K | |
11/29/01 | 10/31/01 | 10-Q | |
09/04/01 | 07/31/01 | 10-Q | |
06/05/01 | 04/30/01 | 10-Q | |
04/10/01 | 01/31/01 | 10-K | |
11/30/00 | 10/31/00 | 10-Q | |
08/25/00 | 07/31/00 | 10-Q | |
06/08/00 | 04/30/00 | 10-Q | |
04/17/00 | 01/31/00 | 10-K |