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Income Statement
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Balance Sheet
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Cashflow Statement
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Profitability
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Ratios
Walmart Income Statement
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Revenue |
|
$559.15 B | $572.75 B | $611.29 B | $648.13 B | $680.99 B |
| Cost of Revenue |
|
$420.32 B | $429.00 B | $463.72 B | $490.14 B | $511.75 B |
| Gross Profit |
|
$138.84 B | $143.75 B | $147.57 B | $157.98 B | $169.23 B |
| Research & Development |
|
- | - | - | - | - |
| Selling,General & Administrative |
|
$116.29 B | $117.81 B | $127.14 B | $130.97 B | $139.88 B |
| Operating Expense |
|
$116.29 B | $117.81 B | $127.14 B | $130.97 B | $139.88 B |
| Operating Income |
|
$22.55 B | $25.94 B | $20.43 B | $27.01 B | $29.35 B |
| Net Income |
|
$13.51 B | $13.67 B | $11.68 B | $15.51 B | $19.44 B |
Walmart Balance Sheet
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents |
|
$17.74 B | $14.76 B | $8.63 B | $9.87 B | $9.04 B |
| Inventories |
|
$44.95 B | $56.51 B | $56.58 B | $54.89 B | $56.44 B |
| Total Current Assets |
|
$90.07 B | $81.07 B | $75.66 B | $76.88 B | $79.46 B |
| Property,Plant and Equipment |
|
$109.85 B | $112.62 B | $119.23 B | $130.34 B | $139.70 B |
| Goodwill |
|
$28.98 B | $29.01 B | $28.17 B | $28.11 B | $28.79 B |
| Total Assets |
|
$252.50 B | $244.86 B | $243.20 B | $252.40 B | $260.82 B |
| Total Liabilities |
|
$164.97 B | $152.97 B | $159.21 B | $161.83 B | $163.13 B |
| Retained Earnings |
|
$88.76 B | $86.90 B | $83.14 B | $89.81 B | $98.31 B |
| Total Shareholder Equity |
|
$80.93 B | $83.25 B | $76.69 B | $83.86 B | $91.01 B |
| Common Stock |
|
$282.00 M | $276.00 M | $808.00 M | $805.00 M | $802.00 M |
Walmart Cash flow
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Depreciation & Amortization |
|
$11.15 B | $10.66 B | $10.95 B | $11.85 B | $12.97 B |
| Dividends Payout |
|
-$6.12 B | -$6.15 B | -$6.11 B | -$6.14 B | -$6.69 B |
| Capital Expenditures (Capex) |
|
-$10.26 B | -$13.11 B | -$16.86 B | -$20.61 B | - |
| Free Cash Flow (FCF) |
|
$25.81 B | $11.08 B | $11.98 B | $15.12 B | $36.44 B |
Walmart Profitability
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Gross Profit |
|
$138.84 B | $143.75 B | $147.57 B | $157.98 B | $169.23 B |
| Gross Profit Margin (%) |
|
24.83% | 25.10% | 24.14% | 24.38% | 24.85% |
| Operating Income |
|
$22.55 B | $25.94 B | $20.43 B | $27.01 B | $29.35 B |
| Operating Income Margin (%) |
|
4.03% | 4.53% | 3.34% | 4.17% | 4.31% |
| Net Income |
|
$13.51 B | $13.67 B | $11.68 B | $15.51 B | $19.44 B |
| Net Income Margin (%) |
|
2.42% | 2.39% | 1.91% | 2.39% | 2.85% |
| EBITDA |
|
$34.03 B | $36.60 B | $30.09 B | $38.87 B | $29.35 B |
| EBITDA Margin (%) |
|
6.09% | 6.39% | 4.92% | 6.00% | 4.31% |
Walmart Ratios
| Chart | 2021 | 2022 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|---|
| Return on Equity (ROE) |
|
16.69% | 16.42% | 15.23% | 18.50% | 21.36% |
| Return on Assets (ROA) |
|
5.35% | 5.58% | 4.80% | 6.15% | 7.45% |
| Debt to Equity |
|
78.15% | 68.85% | 76.83% | 73.12% | 66.05% |
| Debt to total asset |
|
25.05% | 23.41% | 24.23% | 24.30% | 23.05% |
| Enterprise value to revenue |
|
0.79 | 0.76 | 0.72 | 0.77 | 1.23 |
| Enterprise value to EBITDA |
|
12.92 | 11.83 | 14.70 | 12.77 | 28.64 |
| Enterprise value |
|
$439.75 B | $432.88 B | $442.23 B | $496.34 B | $840.38 B |
| Cash to Debt |
|
57.04% | 42.18% | 48.95% | 58.26% | 60.62% |
| Tax Rate (%) |
|
33.35% | 25.44% | 33.64% | 25.53% | 23.38% |
| Payout Ratio |
|
45.27% | 44.99% | 52.35% | 39.58% | 34.41% |
