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- Statement of Comprehensive Income
- Common-Size Income Statement
- Analysis of Solvency Ratios
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Common Stock Valuation Ratios
- Enterprise Value (EV)
- Dividend Discount Model (DDM)
- Total Asset Turnover since 2005
- Price to Operating Profit (P/OP) since 2005
- Price to Sales (P/S) since 2005
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Calculation
Operating profit margin | = | 100 | × | Operating income1 | ÷ | Net sales1 | |
---|---|---|---|---|---|---|---|
Jan 31, 2025 | = | 100 | × | ÷ | |||
Jan 31, 2024 | = | 100 | × | ÷ | |||
Jan 31, 2023 | = | 100 | × | ÷ | |||
Jan 31, 2022 | = | 100 | × | ÷ | |||
Jan 31, 2021 | = | 100 | × | ÷ | |||
Jan 31, 2020 | = | 100 | × | ÷ | |||
Jan 31, 2019 | = | 100 | × | ÷ | |||
Jan 31, 2018 | = | 100 | × | ÷ | |||
Jan 31, 2017 | = | 100 | × | ÷ | |||
Jan 31, 2016 | = | 100 | × | ÷ | |||
Jan 31, 2015 | = | 100 | × | ÷ | |||
Jan 31, 2014 | = | 100 | × | ÷ | |||
Jan 31, 2013 | = | 100 | × | ÷ | |||
Jan 31, 2012 | = | 100 | × | ÷ | |||
Jan 31, 2011 | = | 100 | × | ÷ | |||
Jan 31, 2010 | = | 100 | × | ÷ | |||
Jan 31, 2009 | = | 100 | × | ÷ | |||
Jan 31, 2008 | = | 100 | × | ÷ | |||
Jan 31, 2007 | = | 100 | × | ÷ | |||
Jan 31, 2006 | = | 100 | × | ÷ | |||
Jan 31, 2005 | = | 100 | × | ÷ |
Based on: 10-K (reporting date: 2025-01-31), 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$ in millions
The financial data over the examined periods reveals multiple notable trends in operating income, net sales, and operating profit margin.
- Operating Income
- Operating income shows a general upward trend from 2005 to 2013, increasing from 17,091 million US dollars to a peak of 27,801 million US dollars. However, following this peak, a decline occurs in subsequent years with some fluctuations, reaching lower points around 20,428 million US dollars in 2023. Nevertheless, the recent two years show a recovery, with operating income rising again to 27,012 million US dollars in 2024 and 29,348 million US dollars in 2025, suggesting a resurgence in operational profitability.
- Net Sales
- Net sales exhibit a consistent upward trajectory across the entire timeline. Starting at 285,222 million US dollars in 2005, net sales increase steadily year-over-year, reaching 674,538 million US dollars by 2025. This sustained growth highlights successful top-line expansion without any periods of contraction, indicating strong market demand and effective sales strategies.
- Operating Profit Margin
- The operating profit margin demonstrates a gradual decline over the period, beginning at 5.99% in 2005 and falling to its lowest point of 3.37% in 2023. This decline suggests increasing pressure on profitability relative to revenue generation, possibly due to rising costs or competitive pricing pressures. However, from 2023 onwards, a rebound is observed with margins improving to 4.20% in 2024 and 4.35% in 2025, indicating improved operational efficiency or cost management in recent years.
In summary, while net sales have steadily increased demonstrating consistent revenue growth, operating income and profit margins reveal a period of challenge starting in the mid-2010s with declines in profitability. The recovery in the most recent years points to a positive turnaround in operational performance and efficiency despite prior margin compression.
Comparison to Competitors
Walmart Inc. | Costco Wholesale Corp. | Target Corp. | |
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Jan 31, 2025 | |||
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Jan 31, 2005 |
Based on: 10-K (reporting date: 2025-01-31), 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), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).