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$113.06
Market Capi
$900B
Growth-adj P/E (3-yr hist)i
1.9x
Growth-adj P/E (3-yr proj)i
3.4x
P/S 27Ei
1.2x
P/S 29Ei
1.1x
EV/EBIT 27Ei
28x
EV/EBIT 29Ei
23x
P/E 27Ei
39x
P/E 29Ei
32x
P/S 27Ei
1.2x
EV/EBIT 27Ei
28x
P/E 27Ei
39x
P/S 29Ei
1.1x
EV/EBIT 29Ei
23x
P/E 29Ei
32x
Revenue
2027E
752B
Gross Margini
25%
Hist. CAGRi
5.3%
Proj. CAGRi
5.0%
EBIT
2027E
34B
Op. Margini
4.2%
Hist. CAGRi
6.7%
Proj. CAGRi
12%
Net profit
2027E
23B
Net Margini
3.1%
Hist. CAGRi
23%
Proj. CAGRi
9.2%
Consensus Target
$137.93+22%
44 analysts covering
Net debti
$58B
Div. Yieldi
0.8%
Buyback Yldi
0.8%
Walmart is the world's largest retailer by revenue, operating a network of discount supercenters, warehouse clubs, and e-commerce platforms across the U.S. and internationally. Revenue breaks down across three reported segments:
Walmart sells primarily to mass-market consumers across income levels, with particular strength among value-conscious shoppers. Geographically, the U.S. accounts for roughly 80% of net sales. The retail market is intensely competitive — Amazon, Costco, Target, and Kroger are primary rivals — but Walmart's scale creates a structural pricing advantage most cannot match. Grocery, which drives high-frequency traffic, represents the largest single product category and anchors customer retention across both digital and physical channels.
Walmart's primary moat is unmatched supply chain scale — the ability to source, distribute, and replenish at a cost that no regional or mid-size competitor can replicate. This scale advantage directly funds the Everyday Low Price strategy, which in turn drives the traffic volumes needed to sustain scale. A secondary and growing moat is first-party data and retail media: over 100 million weekly U.S. shoppers generate purchase data that is uniquely valuable to consumer brand advertisers, and the Vizio acquisition deepens this through connected-TV viewership data.
Sam Walton (Founder)
Sam Walton founded Walmart in 1962 in Rogers, Arkansas, after years running variety stores under the Ben Franklin franchise. His operating philosophy — relentless cost discipline, supplier transparency, and passing savings to customers — became the company's cultural DNA and remains the basis of the Everyday Low Prices strategy today. The Walton family retains a majority economic stake through Walton Enterprises, making Walmart one of the largest family-controlled companies in the world by market cap.
John Furner became CEO of Walmart Inc. on January 31, 2026, having previously served as President and CEO of Walmart U.S. since 2019. He is a Walmart lifer, having joined the company in 1993 and worked through roles in store operations, merchandising, and international before leading Sam's Club and then the U.S. business. His appointment signals continuity with the existing strategy rather than a directional pivot.
John Rainey joined as CFO in May 2022, coming from PayPal where he served as CFO for six years. His background in technology-sector finance is seen as a deliberate choice to support Walmart's transition into advertising, fintech, and higher-margin digital services.
Greg Penner has chaired the Walmart board since June 2015 and is Sam Walton's grandson-in-law, providing both family continuity and active governance oversight. He is also a co-founder of Madrone Capital Partners and brings a technology investor's lens to strategic decisions around eCommerce and data businesses.
P/S Ratio
EV/EBIT
P/E Ratio
Revenue
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
EBIT
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Net profit
CAGR (hist. 3-yr)i
0%
CAGR (proj. 3-yr)i
0%
Values in millions of USD.
Operating cashflow · Levered Free Cash Flow
Free Cash Flow
CAPEX
Values in millions of USD.
Margins
Rentability
Balance sheet
Values in millions of USD.
Liquidity ratios
Debt-to-Equity-Ratio
Walmart reported Q1 FY2027 results on May 21, 2026, with global eCommerce growing 26% year-over-year and Walmart U.S. comparable sales rising 4.1%, continuing the momentum from the prior quarter's 4.6% comp growth.
EPS of $0.66 matched consensus, with advertising revenue (Walmart Connect) and membership income (up ~15% globally) acting as key margin tailwinds that partially offset continued investment in fulfillment infrastructure.
Management kept full-year FY2027 guidance unchanged, projecting net sales growth of 4–5% and adjusted operating income growth of 7–10% in constant currency. Q2 guidance of $0.72–$0.74 adjusted EPS came in slightly above the prior quarter run-rate and was received as incrementally positive.
Tariff exposure and price strategy have dominated the narrative since April. Walmart's CFO confirmed that tariff-driven cost increases would begin hitting shelves by late May 2026, with a larger wave expected in June — placing Walmart in the unusual position of signaling selective price increases while also stating it would prioritize any tariff refunds (estimated at roughly $2.4 billion) toward lower prices for shoppers.
The company has continued building out higher-margin services including virtual care, Walmart+ membership, and same-day delivery capabilities. Walmart's advertising business is now a material and fast-growing profit contributor, with Walmart Connect posting 30%+ annual growth.
The Vizio acquisition, completed in early 2025, is increasingly cited as a strategic asset for the advertising segment — giving Walmart first-party viewership data and a connected-TV platform to expand its retail media network.
Bulls argue Walmart is in the middle of a structural transformation from low-margin retailer to diversified technology and data monetization platform — with advertising, membership, and fulfillment services commanding higher margins than traditional retail. The mix shift is already showing in operating leverage metrics.
Bears focus on the stretched valuation relative to historical norms for a business that, at its core, still generates the majority of revenue from low-margin grocery and general merchandise. If consumer spending softens or tariff-driven price increases erode the price leadership moat, the premium multiple has limited downside cushion.
A third tension is the tariff wildcard: Walmart's scale and supply chain give it more negotiating leverage than most retailers, but the company cannot fully absorb cost increases at its price points without risk to traffic. How Walmart navigates the tariff environment in H2 2026 is the single biggest near-term catalyst for consensus revision in either direction.
Consensusi
Buy
Average targeti
$137.93+22%
Highest targeti
$155.00+37%
Lowest targeti
$70.00-38%