Stock Analysis on Net
Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Common-Size Income Statement

Walmart Inc., common-size consolidated income statement

Microsoft Excel
12 months ended: Jan 31, 2024 Jan 31, 2023 Jan 31, 2022 Jan 31, 2021 Jan 31, 2020 Jan 31, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00
Cost of sales -76.27 -76.54 -75.56 -75.70 -75.90 -75.50
Gross profit 23.73% 23.46% 24.44% 24.30% 24.10% 24.50%
Membership and other income 0.85 0.89 0.88 0.71 0.78 0.80
Operating, selling, general and administrative expenses -20.38 -20.98 -20.75 -20.94 -20.92 -21.00
Operating income 4.20% 3.37% 4.57% 4.06% 3.96% 4.30%
Interest expense, debt and finance lease -0.42 -0.35 -0.35 -0.42 -0.50 -0.46
Interest income 0.08 0.04 0.03 0.02 0.04 0.04
Interest, net -0.33% -0.31% -0.32% -0.40% -0.46% -0.42%
Loss on extinguishment of debt 0.00 0.00 -0.42 0.00 0.00 0.00
Other gains and (losses) -0.47 -0.25 -0.53 0.04 0.38 -1.64
Income before income taxes 3.40% 2.81% 3.29% 3.70% 3.87% 2.25%
Provision for income taxes -0.87 -0.94 -0.84 -1.24 -0.95 -0.84
Consolidated net income 2.53% 1.86% 2.46% 2.47% 2.92% 1.41%
Consolidated net (income) loss attributable to noncontrolling interest -0.12 0.06 -0.05 -0.04 -0.06 -0.10
Consolidated net income attributable to Walmart 2.41% 1.93% 2.41% 2.43% 2.86% 1.31%

Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Walmart Inc. operating income as a percentage of net sales decreased from 2022 to 2023 but then increased from 2023 to 2024 not reaching 2022 level.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Walmart Inc. income before income taxes as a percentage of net sales decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Consolidated net income attributable to Walmart The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Walmart Inc. consolidated net income attributable to Walmart as a percentage of net sales decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.