Walmart Financials

WMT

Source SEC Filings (10-K/10-Q) Updated Jan 31, 2026 Currency USD FYE January

This page shows Walmart (WMT) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI WMT FY2026 2026-04-22

Walmart’s thin-margin, high-volume model turns steady operating cash into relentless reinvestment while keeping the balance sheet gradually less debt-heavy.

Since FY2024, operating cash flow rose by $5.8B. Nearly all of that gain was absorbed by capital spending, which also rose by about $6.0B, so the cash engine is strengthening but the extra cash is being fed back into the operating base rather than showing up as much larger free cash flow.

A current ratio below 1.0x and current liabilities above current assets mean day-to-day funding relies on the operating cycle more than on a large cash buffer; that is workable here because operating cash flow reached $41.6B in the latest year. The balance sheet also became less debt-dependent, with debt to equity easing from 0.4x to 0.3x.

Because gross margin barely changed while net margin improved, the earnings lift looks more like cost discipline and mix management than a fundamental rewrite of the low-margin model. That matters because a business this large can create meaningful extra profit from small efficiency gains, and the rise in return on assets shows those gains are reaching the asset base instead of staying only on the income statement.

Financial Health Signals

Financial Profile 45/100

Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Walmart's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Walmart has an operating margin of 4.2%, meaning the company retains $4 of operating profit per $100 of revenue. This results in a moderate score of 32/100, indicating healthy but not exceptional operating efficiency. This is down from 4.3% the prior year.

Growth

Walmart's revenue grew a modest 4.7% year-over-year to $713.2B. This slow but positive growth earns a score of 41/100.

Leverage

Walmart carries a low D/E ratio of 0.35, meaning only $0.35 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Walmart's current ratio of 0.79 is below the typical benchmark, resulting in a score of 10/100. This tight liquidity could limit financial flexibility if cash inflows slow.

Cash Flow

Walmart has a free cash flow margin of 2.1%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Walmart's ROE of 22.0% shows moderate profitability relative to equity, earning a score of 59/100. This is down from 23.2% the prior year.

Altman Z-Score Safe

6.41

Walmart scores 6.41, well above the 2.99 safe threshold. This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.

Piotroski F-Score Strong

8/9

Walmart passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.90x

For every $1 of reported earnings, Walmart generates $1.90 in operating cash flow ($41.6B OCF vs $21.9B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

12.9x

Walmart earns $12.9 in operating income for every $1 of interest expense ($29.8B vs $2.3B). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$713.2B

YoY+4.7%

5Y CAGR+5.0%

10Y CAGR+4.0%

Walmart generated $713.2B in revenue in fiscal year 2026. This represents an increase of 4.7% from the prior year.

EBITDA

$44.0B

YoY+4.0%

5Y CAGR+5.5%

10Y CAGR+2.8%

Walmart's EBITDA was $44.0B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 4.0% from the prior year.

Net Income

$21.9B

YoY+12.6%

5Y CAGR+10.1%

10Y CAGR+4.1%

Walmart reported $21.9B in net income in fiscal year 2026. This represents an increase of 12.6% from the prior year.

EPS (Diluted)

N/A

Cash & Balance Sheet

Free Cash Flow

$14.9B

YoY+17.9%

5Y CAGR-10.4%

10Y CAGR-0.7%

Walmart generated $14.9B in free cash flow in fiscal year 2026, representing cash available after capex. This represents an increase of 17.9% from the prior year.

Cash & Debt

$10.7B

YoY+15.2%

5Y CAGR-14.0%

10Y CAGR+3.5%

Walmart held $10.7B in cash against $34.6B in long-term debt as of fiscal year 2026.

Dividends Per Share

N/A

Shares Outstanding

7.97B

YoY-0.6%

5Y CAGR+23.1%

10Y CAGR+9.8%

Walmart had 7.97B shares outstanding in fiscal year 2026. This represents a decrease of 0.6% from the prior year.

Margins & Returns

Gross Margin

24.9%

YoY+0.1pp

5Y CAGR+0.1pp

10Y CAGR-0.2pp

Walmart's gross margin was 24.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is up 0.1 percentage points from the prior year.

Operating Margin

4.2%

YoY-0.1pp

5Y CAGR+0.1pp

10Y CAGR-0.8pp

Walmart's operating margin was 4.2% in fiscal year 2026, reflecting core business profitability. This is down 0.1 percentage points from the prior year.

Net Margin

3.1%

YoY+0.2pp

5Y CAGR+0.7pp

10Y CAGR+0.0pp

Walmart's net profit margin was 3.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 0.2 percentage points from the prior year.

Return on Equity

22.0%

YoY-1.2pp

5Y CAGR+4.7pp

10Y CAGR+2.4pp

Walmart's ROE was 22.0% in fiscal year 2026, measuring profit generated per dollar of shareholder equity. This is down 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$8.1B

YoY+80.0%

5Y CAGR+25.2%

10Y CAGR+7.0%

Walmart spent $8.1B on share buybacks in fiscal year 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 80.0% from the prior year.

Capital Expenditures

$26.6B

YoY+12.0%

5Y CAGR+21.0%

10Y CAGR+8.8%

Walmart invested $26.6B in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents an increase of 12.0% from the prior year.

WMT Income Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Revenue	$713.2B+4.7%	$681.0B+5.1%	$648.1B+6.0%	$611.3B+6.7%	$572.8B+2.4%	$559.2B
Cost of Revenue	$535.4B+4.6%	$511.8B+4.4%	$490.1B+5.7%	$463.7B+8.1%	$429.0B+2.1%	$420.3B
Gross Profit	$177.8B+5.0%	$169.2B+7.1%	$158.0B+7.1%	$147.6B+2.7%	$143.8B+3.5%	$138.8B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$147.9B+5.8%	$139.9B+6.8%	$131.0B+3.0%	$127.1B+7.9%	$117.8B+1.3%	$116.3B
Operating Income	$29.8B+1.6%	$29.3B+8.6%	$27.0B+32.2%	$20.4B-21.3%	$25.9B+15.1%	$22.5B
Interest Expense	$2.3B+3.1%	$2.2B-0.4%	$2.3B+26.4%	$1.8B+6.8%	$1.7B-15.3%	$2.0B
Income Tax	$7.2B+17.0%	$6.2B+10.3%	$5.6B-2.6%	$5.7B+20.4%	$4.8B-30.7%	$6.9B
Net Income	$21.9B+12.6%	$19.4B+25.3%	$15.5B+32.8%	$11.7B-14.6%	$13.7B+1.2%	$13.5B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Revenue	$190.7B+6.2%	$179.5B+1.2%	$177.4B+7.1%	$165.6B-8.3%	$180.6B+6.5%	$169.6B+0.1%	$169.3B+4.8%	$161.5B
Cost of Revenue	$143.6B+6.6%	$134.7B+1.5%	$132.8B+6.8%	$124.3B-8.7%	$136.2B+6.9%	$127.3B+0.4%	$126.8B+4.4%	$121.4B
Gross Profit	$47.0B+5.0%	$44.8B+0.4%	$44.6B+8.0%	$41.3B-6.9%	$44.4B+5.1%	$42.2B-0.7%	$42.5B+6.1%	$40.1B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$38.3B+0.6%	$38.1B+2.0%	$37.3B+9.3%	$34.2B-6.4%	$36.5B+2.8%	$35.5B+2.8%	$34.6B+4.1%	$33.2B
Operating Income	$8.7B+30.0%	$6.7B-8.1%	$7.3B+2.1%	$7.1B-9.2%	$7.9B+17.2%	$6.7B-15.5%	$7.9B+16.1%	$6.8B
Interest Expense	$585.0M+3.9%	$563.0M-13.5%	$651.0M+25.4%	$519.0M-13.4%	$599.0M+20.8%	$496.0M-11.0%	$557.0M-6.7%	$597.0M
Income Tax	$1.6B-24.8%	$2.1B-3.2%	$2.2B+60.0%	$1.4B-11.9%	$1.5B+11.1%	$1.4B-7.9%	$1.5B-13.1%	$1.7B
Net Income	$4.2B-31.0%	$6.1B-12.6%	$7.0B+56.6%	$4.5B-14.6%	$5.3B+14.8%	$4.6B+1.7%	$4.5B-11.8%	$5.1B
EPS (Diluted)	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

WMT Balance Sheet

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Total Assets	$284.7B+8.5%	$262.4B+3.3%	$254.1B+3.7%	$245.1B-0.4%	$246.1B+4.0%	$236.6B
Current Assets	$84.9B+5.8%	$80.3B+4.0%	$77.2B-1.7%	$78.5B-5.7%	$83.2B+8.7%	$76.6B
Cash & Equivalents	$10.7B+15.2%	$9.3B-1.0%	$9.4B-11.1%	$10.6B-10.5%	$11.8B-48.3%	$22.8B
Inventory	$58.9B+2.4%	$57.5B+3.8%	$55.4B-2.7%	$56.9B-7.0%	$61.2B+32.0%	$46.4B
Accounts Receivable	$4.9B	N/A	N/A	N/A	N/A	N/A
Goodwill	$28.7B-0.5%	$28.9B+3.1%	$28.0B-1.1%	$28.3B-3.8%	$29.4B+2.0%	$28.9B
Total Liabilities	$185.1B+3.6%	$178.6B+3.4%	$172.8B+0.1%	$172.6B+2.0%	$169.2B+7.0%	$158.2B
Current Liabilities	$107.5B+4.4%	$102.9B+7.1%	$96.1B+0.6%	$95.5B-1.1%	$96.5B+19.4%	$80.8B
Long-Term Debt	$34.6B-5.2%	$36.5B+1.6%	$35.9B-5.8%	$38.1B+18.5%	$32.2B-20.1%	$40.3B
Total Equity	$99.6B+18.9%	$83.8B+3.1%	$81.3B+12.3%	$72.4B-5.8%	$76.9B-1.8%	$78.3B
Retained Earnings	$104.8B+15.3%	$90.8B+4.1%	$87.2B+11.8%	$78.0B-3.1%	$80.5B-2.5%	$82.6B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Total Assets	$284.7B-1.4%	$288.7B+6.6%	$270.8B+3.2%	$262.4B+0.6%	$260.8B-1.0%	$263.4B+3.5%	$254.4B+0.2%	$254.1B
Current Assets	$84.9B-8.7%	$92.9B+13.3%	$82.0B+2.2%	$80.3B+1.0%	$79.5B-8.6%	$86.9B+13.6%	$76.5B-0.8%	$77.2B
Cash & Equivalents	$10.7B+1.4%	$10.6B+12.2%	$9.4B+1.3%	$9.3B+3.0%	$9.0B-10.1%	$10.0B+14.1%	$8.8B-6.3%	$9.4B
Inventory	$58.9B-10.0%	$65.4B+13.2%	$57.7B+0.5%	$57.5B+1.8%	$56.4B-10.8%	$63.3B+13.8%	$55.6B+0.4%	$55.4B
Accounts Receivable	$4.9B	N/A	N/A	N/A	$4.4B	N/A	N/A	N/A
Goodwill	$28.7B0.0%	$28.7B-1.2%	$29.1B+0.7%	$28.9B+0.3%	$28.8B+3.0%	$27.9B0.0%	$27.9B-0.2%	$28.0B
Total Liabilities	$185.1B-3.9%	$192.6B+6.5%	$180.7B+1.2%	$178.6B+5.2%	$169.8B-3.1%	$175.3B+3.1%	$170.0B-1.6%	$172.8B
Current Liabilities	$107.5B-7.1%	$115.7B+11.7%	$103.6B+0.6%	$102.9B+6.6%	$96.6B-5.8%	$102.6B+7.7%	$95.3B-0.9%	$96.1B
Long-Term Debt	$34.6B+0.5%	$34.4B-3.4%	$35.6B-2.4%	$36.5B+9.3%	$33.4B-0.7%	$33.6B-4.9%	$35.4B-1.6%	$35.9B
Total Equity	$99.6B+3.7%	$96.1B+6.6%	$90.1B+7.5%	$83.8B-7.9%	$91.0B+3.3%	$88.1B+4.4%	$84.4B+3.9%	$81.3B
Retained Earnings	$104.8B+3.2%	$101.6B+5.4%	$96.3B+6.0%	$90.8B-7.6%	$98.3B+4.1%	$94.4B+4.0%	$90.8B+4.1%	$87.2B

WMT Cash Flow Statement

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$41.6B+14.1%	$36.4B+2.0%	$35.7B+23.9%	$28.8B+19.3%	$24.2B-33.0%	$36.1B
Capital Expenditures	$26.6B+12.0%	$23.8B+15.4%	$20.6B+22.2%	$16.9B+28.6%	$13.1B+27.7%	$10.3B
Free Cash Flow	$14.9B+17.9%	$12.7B-16.3%	$15.1B+26.2%	$12.0B+8.2%	$11.1B-57.1%	$25.8B
Investing Cash Flow	-$26.4B-23.3%	-$21.4B-0.4%	-$21.3B-20.1%	-$17.7B-194.6%	-$6.0B+40.3%	-$10.1B
Financing Cash Flow	-$13.6B+8.6%	-$14.8B-10.5%	-$13.4B+21.3%	-$17.0B+25.4%	-$22.8B-41.6%	-$16.1B
Dividends Paid	$7.5B+12.2%	$6.7B+8.9%	$6.1B+0.4%	$6.1B-0.6%	$6.2B+0.6%	$6.1B
Share Buybacks	$8.1B+80.0%	$4.5B+61.7%	$2.8B-72.0%	$9.9B+1.4%	$9.8B+272.8%	$2.6B

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Operating Cash Flow	$14.1B+55.1%	$9.1B-29.7%	$12.9B+139.2%	$5.4B-60.0%	$13.5B+106.1%	$6.6B-45.8%	$12.1B+185.0%	$4.2B
Capital Expenditures	$8.0B+11.0%	$7.2B+12.4%	$6.4B+28.8%	$5.0B-29.6%	$7.1B+14.5%	$6.2B+6.1%	$5.8B+24.7%	$4.7B
Free Cash Flow	$6.1B+224.0%	$1.9B-71.1%	$6.5B+1433.6%	$425.0M-93.4%	$6.4B+1630.6%	$372.0M-94.1%	$6.3B+1570.0%	-$427.0M
Investing Cash Flow	-$7.3B+6.5%	-$7.8B-28.3%	-$6.1B-19.9%	-$5.1B+41.6%	-$8.7B-244.2%	-$2.5B+55.7%	-$5.7B-29.7%	-$4.4B
Financing Cash Flow	-$6.5B-34326.3%	-$19.0M+99.7%	-$7.0B-87612.5%	$8.0M+100.2%	-$5.1B-88.7%	-$2.7B+58.8%	-$6.6B-1963.6%	-$321.0M
Dividends Paid	$1.9B+0.1%	$1.9B0.0%	$1.9B-0.3%	$1.9B+11.6%	$1.7B+1.0%	$1.7B+0.2%	$1.7B-0.4%	$1.7B
Share Buybacks	$1.1B+33.7%	$808.0M-50.9%	$1.6B-63.9%	$4.6B+215.2%	$1.4B+47.9%	$977.0M-3.6%	$1.0B-4.3%	$1.1B

WMT Financial Ratios

Metric	FY26	FY25	FY24	FY23	FY22	FY21
Gross Margin	24.9%+0.1pp	24.9%+0.5pp	24.4%+0.2pp	24.1%-1.0pp	25.1%+0.3pp	24.8%
Operating Margin	4.2%-0.1pp	4.3%+0.1pp	4.2%+0.8pp	3.3%-1.2pp	4.5%+0.5pp	4.0%
Net Margin	3.1%+0.2pp	2.9%+0.5pp	2.4%+0.5pp	1.9%-0.5pp	2.4%-0.0pp	2.4%
Return on Equity	22.0%-1.2pp	23.2%+4.1pp	19.1%+2.9pp	16.1%-1.7pp	17.8%+0.5pp	17.3%
Return on Assets	7.7%+0.3pp	7.4%+1.3pp	6.1%+1.3pp	4.8%-0.8pp	5.5%-0.2pp	5.7%
Current Ratio	0.790.0	0.78-0.0	0.80-0.0	0.82-0.0	0.86-0.1	0.95
Debt-to-Equity	0.35-0.1	0.440.0	0.44-0.1	0.53+0.1	0.42-0.1	0.51
FCF Margin	2.1%+0.2pp	1.9%-0.5pp	2.3%+0.4pp	2.0%+0.0pp	1.9%-2.7pp	4.6%

Metric	Q4'26	Q3'26	Q2'26	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25
Gross Margin	24.7%-0.3pp	24.9%-0.2pp	25.2%+0.2pp	24.9%+0.4pp	24.6%-0.3pp	24.9%-0.2pp	25.1%+0.3pp	24.8%
Operating Margin	4.6%+0.8pp	3.7%-0.4pp	4.1%-0.2pp	4.3%-0.0pp	4.3%+0.4pp	4.0%-0.7pp	4.7%+0.4pp	4.2%
Net Margin	2.2%-1.2pp	3.4%-0.5pp	4.0%+1.3pp	2.7%-0.2pp	2.9%+0.2pp	2.7%+0.0pp	2.7%-0.5pp	3.2%
Return on Equity	4.3%-2.1pp	6.4%-1.4pp	7.8%+2.5pp	5.3%-0.4pp	5.8%+0.6pp	5.2%-0.1pp	5.3%-0.9pp	6.3%
Return on Assets	1.5%-0.6pp	2.1%-0.5pp	2.6%+0.9pp	1.7%-0.3pp	2.0%+0.3pp	1.7%-0.0pp	1.8%-0.2pp	2.0%
Current Ratio	0.79-0.0	0.80+0.0	0.79+0.0	0.78-0.0	0.82-0.0	0.85+0.0	0.800.0	0.80
Debt-to-Equity	0.35-0.0	0.36-0.0	0.40-0.0	0.44+0.1	0.37-0.0	0.38-0.0	0.42-0.0	0.44
FCF Margin	3.2%+2.1pp	1.1%-2.6pp	3.7%+3.4pp	0.3%-3.3pp	3.6%+3.4pp	0.2%-3.5pp	3.7%+4.0pp	-0.3%

Note: The current ratio is below 1.0 (0.79), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.

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Frequently Asked Questions

What is Walmart's annual revenue?

Walmart (WMT) reported $713.2B in total revenue for fiscal year 2026. This represents a 4.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Walmart's revenue growing?

Walmart (WMT) revenue grew by 4.7% year-over-year, from $681.0B to $713.2B in fiscal year 2026.

Is Walmart profitable?

Yes, Walmart (WMT) reported a net income of $21.9B in fiscal year 2026, with a net profit margin of 3.1%.

What is Walmart's EBITDA?

Walmart (WMT) had EBITDA of $44.0B in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Walmart have?

As of fiscal year 2026, Walmart (WMT) had $10.7B in cash and equivalents against $34.6B in long-term debt.

What is Walmart's gross margin?

Walmart (WMT) had a gross margin of 24.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs of goods sold.

What is Walmart's operating margin?

Walmart (WMT) had an operating margin of 4.2% in fiscal year 2026, reflecting the profitability of core business operations before interest and taxes.

What is Walmart's net profit margin?

Walmart (WMT) had a net profit margin of 3.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.

What is Walmart's return on equity (ROE)?

Walmart (WMT) has a return on equity of 22.0% for fiscal year 2026, measuring how efficiently the company generates profit from shareholder equity.

What is Walmart's free cash flow?

Walmart (WMT) generated $14.9B in free cash flow during fiscal year 2026. This represents a 17.9% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Walmart's operating cash flow?

Walmart (WMT) generated $41.6B in operating cash flow during fiscal year 2026, representing cash generated from core business activities.

What are Walmart's total assets?

Walmart (WMT) had $284.7B in total assets as of fiscal year 2026, including both current and long-term assets.

What are Walmart's capital expenditures?

Walmart (WMT) invested $26.6B in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.

Does Walmart buy back shares?

Yes, Walmart (WMT) spent $8.1B on share buybacks during fiscal year 2026, returning capital to shareholders by reducing shares outstanding.

How many shares does Walmart have outstanding?

Walmart (WMT) had 7.97B shares outstanding as of fiscal year 2026.

What is Walmart's current ratio?

Walmart (WMT) had a current ratio of 0.79 as of fiscal year 2026, which is below 1.0, which may suggest potential liquidity concerns.

What is Walmart's debt-to-equity ratio?

Walmart (WMT) had a debt-to-equity ratio of 0.35 as of fiscal year 2026, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Walmart's return on assets (ROA)?

Walmart (WMT) had a return on assets of 7.7% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.

What is Walmart's Altman Z-Score?

Walmart (WMT) has an Altman Z-Score of 6.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Walmart's Piotroski F-Score?

Walmart (WMT) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Walmart's earnings high quality?

Walmart (WMT) has an earnings quality ratio of 1.90x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Walmart cover its interest payments?

Walmart (WMT) has an interest coverage ratio of 12.9x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Walmart?

Walmart (WMT) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.