Stock Analysis on Net
Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Analysis of Profitability Ratios
Quarterly Data

Beginner level

Profitability Ratios (Summary)

Walmart Inc., profitability ratios (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Return on Sales
Gross profit margin 24.24% 24.11% 23.94% 24.10% 24.23% 24.32% 24.43% 24.50% 24.56% 24.61% 24.65% 24.68% 24.85% 24.92% 24.95% 24.94% 24.93% 24.85% 24.72% 24.58% 24.45% 24.30% 24.31% 24.29%
Operating profit margin 4.11% 3.96% 3.93% 3.96% 4.12% 4.20% 4.25% 4.30% 4.01% 3.98% 4.06% 4.12% 4.52% 4.64% 4.71% 4.73% 4.83% 4.96% 4.94% 5.04% 5.29% 5.39% 5.52% 5.63%
Net profit margin 3.62% 3.33% 2.83% 2.86% 2.79% 2.50% 1.64% 1.31% 1.02% 1.03% 1.79% 1.99% 2.33% 2.62% 2.82% 2.83% 3.01% 3.07% 3.01% 3.07% 3.14% 3.21% 3.34% 3.39%
Return on Investment
Return on equity (ROE) 24.24% 23.76% 22.02% 19.93% 20.14% 18.27% 12.28% 9.20% 7.16% 7.30% 11.86% 12.66% 15.03% 16.66% 18.46% 17.54% 18.61% 19.25% 19.20% 18.24% 18.96% 19.64% 21.04% 20.10%
Return on assets (ROA) 7.87% 7.54% 6.45% 6.29% 6.02% 5.47% 3.57% 3.04% 2.28% 2.52% 4.37% 4.82% 5.46% 6.32% 6.81% 6.86% 6.99% 7.44% 7.26% 7.36% 7.35% 7.80% 8.03% 8.03%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Walmart Inc.’s gross profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walmart Inc.’s operating profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walmart Inc.’s net profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walmart Inc.’s ROE improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.
ROA A profitability ratio calculated as net income divided by total assets. Walmart Inc.’s ROA improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Gross Profit Margin

Walmart Inc., gross profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Selected Financial Data (US$ in millions)
Gross profit 33,413  34,135  31,646  32,860  31,081  31,465  29,915  32,836  30,781  31,488  29,923  32,510  30,589  30,428  28,838  32,007  29,692  29,920  28,442  31,685  29,152  29,274  27,519  31,535  28,829  29,326  27,453 
Net sales 133,752  136,824  133,672  140,608  126,981  129,388  122,949  137,743  123,897  127,059  121,630  135,150  122,136  121,949  116,526  129,750  117,176  119,405  114,986  128,684  116,598  119,330  114,002  130,650  118,076  119,336  114,167 
Profitability Ratio
Gross profit margin1 24.24% 24.11% 23.94% 24.10% 24.23% 24.32% 24.43% 24.50% 24.56% 24.61% 24.65% 24.68% 24.85% 24.92% 24.95% 24.94% 24.93% 24.85% 24.72% 24.58% 24.45% 24.30% 24.31% 24.29%
Benchmarks
Gross Profit Margin, Competitors2
Amazon.com Inc. 40.22% 40.27% 40.64% 40.99% 41.11% 41.27% 41.07% 40.25% 39.87% 38.78% 37.77% 37.07% 36.46% 35.98% 35.58% 35.09% 34.65% 34.40% 33.76% 33.04%
Costco Wholesale Corp. 11.32% 11.20% 11.15% 11.02% 11.09% 11.02% 10.98% 11.00% 10.92% 11.04% 11.14% 11.24% 11.25% 11.33% 11.37% 11.35% 11.42% 11.35% 11.26% 11.19% 11.15% 11.09%
Dollar General Corp. 31.56% 31.17% 30.71% 30.59% 30.42% 30.44% 30.40% 30.45% 30.66% 30.78% 30.80% 30.77% 30.65% 30.65% 30.76% 30.85% 30.87% 31.00% 30.99% 30.96% 30.91% 30.88% 30.79% 30.69%
Home Depot Inc. 34.03% 34.10% 34.06% 34.09% 34.13% 34.20% 34.26% 34.34% 34.31% 34.24% 34.15% 34.05% 34.08% 34.11% 34.14% 34.16% 34.18% 34.16% 34.16% 34.19% 34.41% 34.49% 34.66% 34.81%
Lowe’s Cos. Inc. 32.94% 32.89% 32.23% 31.80% 31.85% 31.47% 31.72% 32.12% 32.65% 33.43% 33.79% 34.11% 34.27% 34.34% 34.40% 34.55% 34.61% 34.71% 34.72% 34.82% 34.83% 34.76% 34.79% 34.79%
Target Corp. 28.32% 28.03% 27.78% 28.87% 28.70% 28.46% 28.37% 28.39% 28.48% 28.70% 28.72% 28.87% 29.26% 29.38% 29.57% 29.68% 29.93% 29.72% 29.63% 29.53% 29.69% 29.72% 29.61% 29.39%
TJX Cos. Inc. 23.97% 23.61% 25.04% 28.46% 28.30% 28.32% 28.49% 28.59% 28.76% 28.96% 28.88% 28.89% 28.90% 28.81% 29.03% 28.98% 29.11% 28.97% 28.89% 28.79% 28.66% 28.75% 28.64% 28.55%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

1 Q3 2021 Calculation
Gross profit margin = 100 × (Gross profitQ3 2021 + Gross profitQ2 2021 + Gross profitQ1 2021 + Gross profitQ4 2020) ÷ (Net salesQ3 2021 + Net salesQ2 2021 + Net salesQ1 2021 + Net salesQ4 2020)
= 100 × (33,413 + 34,135 + 31,646 + 32,860) ÷ (133,752 + 136,824 + 133,672 + 140,608) = 24.24%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Gross profit margin Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. Walmart Inc.’s gross profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Operating Profit Margin

Walmart Inc., operating profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Selected Financial Data (US$ in millions)
Operating income 5,778  6,059  5,224  5,322  4,718  5,583  4,945  6,067  4,986  5,750  5,154  4,467  4,764  5,969  5,237  6,205  5,119  6,165  5,275  6,642  5,714  6,069  5,680  7,949  6,265  6,740  6,193 
Net sales 133,752  136,824  133,672  140,608  126,981  129,388  122,949  137,743  123,897  127,059  121,630  135,150  122,136  121,949  116,526  129,750  117,176  119,405  114,986  128,684  116,598  119,330  114,002  130,650  118,076  119,336  114,167 
Profitability Ratio
Operating profit margin1 4.11% 3.96% 3.93% 3.96% 4.12% 4.20% 4.25% 4.30% 4.01% 3.98% 4.06% 4.12% 4.52% 4.64% 4.71% 4.73% 4.83% 4.96% 4.94% 5.04% 5.29% 5.39% 5.52% 5.63%
Benchmarks
Operating Profit Margin, Competitors2
Amazon.com Inc. 5.72% 5.24% 4.76% 5.18% 5.44% 5.96% 6.17% 5.33% 4.87% 3.55% 2.60% 2.31% 2.01% 2.31% 2.89% 3.08% 3.16% 3.21% 2.69% 2.09%
Costco Wholesale Corp. 3.43% 3.33% 3.16% 3.17% 3.21% 3.17% 3.23% 3.24% 3.16% 3.24% 3.29% 3.30% 3.25% 3.26% 3.20% 3.16% 3.21% 3.16% 3.15% 3.14% 3.18% 3.19%
Dollar General Corp. 10.48% 9.98% 8.98% 8.30% 8.15% 8.14% 8.18% 8.26% 8.37% 8.44% 8.44% 8.55% 8.84% 8.96% 9.21% 9.39% 9.38% 9.64% 9.62% 9.53% 9.46% 9.48% 9.41% 9.36%
Home Depot Inc. 14.01% 13.99% 13.85% 14.37% 14.26% 14.31% 14.36% 14.35% 14.53% 14.52% 14.43% 14.55% 14.53% 14.44% 14.31% 14.19% 13.98% 13.81% 13.56% 13.30% 13.17% 12.87% 12.79% 12.59%
Lowe’s Cos. Inc. 10.64% 10.53% 9.30% 8.75% 6.67% 5.83% 5.54% 5.63% 7.99% 8.90% 9.39% 9.60% 9.81% 9.06% 8.73% 8.99% 8.03% 8.85% 8.85% 8.41% 9.17% 8.86% 8.71% 8.52%
Target Corp. 6.74% 5.94% 5.05% 6.04% 5.97% 5.79% 5.58% 5.52% 5.57% 5.70% 5.77% 6.00% 6.46% 6.76% 6.98% 7.15% 8.22% 7.83% 7.81% 7.49% 6.69% 6.76% 6.39% 6.25%
TJX Cos. Inc. 3.13% 3.26% 5.86% 10.59% 10.49% 10.56% 10.61% 10.82% 10.71% 10.86% 10.89% 10.84% 11.27% 11.30% 11.54% 11.60% 11.70% 11.80% 11.90% 11.97% 12.11% 12.31% 12.37% 12.40%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

1 Q3 2021 Calculation
Operating profit margin = 100 × (Operating incomeQ3 2021 + Operating incomeQ2 2021 + Operating incomeQ1 2021 + Operating incomeQ4 2020) ÷ (Net salesQ3 2021 + Net salesQ2 2021 + Net salesQ1 2021 + Net salesQ4 2020)
= 100 × (5,778 + 6,059 + 5,224 + 5,322) ÷ (133,752 + 136,824 + 133,672 + 140,608) = 4.11%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Operating profit margin A profitability ratio calculated as operating income divided by revenue. Walmart Inc.’s operating profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Net Profit Margin

Walmart Inc., net profit margin calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Selected Financial Data (US$ in millions)
Consolidated net income (loss) attributable to Walmart 5,135  6,476  3,990  4,141  3,288  3,610  3,842  3,687  1,710  (861) 2,134  2,175  1,749  2,899  3,039  3,757  3,034  3,773  3,079  4,574  3,304  3,475  3,341  4,966  3,711  4,093  3,593 
Net sales 133,752  136,824  133,672  140,608  126,981  129,388  122,949  137,743  123,897  127,059  121,630  135,150  122,136  121,949  116,526  129,750  117,176  119,405  114,986  128,684  116,598  119,330  114,002  130,650  118,076  119,336  114,167 
Profitability Ratio
Net profit margin1 3.62% 3.33% 2.83% 2.86% 2.79% 2.50% 1.64% 1.31% 1.02% 1.03% 1.79% 1.99% 2.33% 2.62% 2.82% 2.83% 3.01% 3.07% 3.01% 3.07% 3.14% 3.21% 3.34% 3.39%
Benchmarks
Net Profit Margin, Competitors2
Amazon.com Inc. 4.99% 4.10% 3.56% 4.13% 4.27% 4.80% 4.97% 4.33% 4.03% 3.02% 2.04% 1.71% 1.20% 1.28% 1.81% 1.74% 1.64% 1.60% 1.03% 0.56%
Costco Wholesale Corp. 2.55% 2.45% 2.36% 2.44% 2.47% 2.45% 2.46% 2.40% 2.30% 2.26% 2.21% 2.23% 2.14% 2.12% 2.11% 2.01% 2.07% 2.02% 2.03% 2.01% 2.07% 2.09%
Dollar General Corp. 7.84% 7.48% 6.69% 6.17% 6.09% 6.11% 6.16% 6.20% 7.24% 7.06% 6.77% 6.56% 5.31% 5.38% 5.53% 5.69% 5.71% 5.86% 5.83% 5.72% 5.72% 5.73% 5.68% 5.63%
Home Depot Inc. 9.94% 9.91% 9.79% 10.20% 10.01% 10.18% 10.24% 10.28% 10.00% 9.45% 8.85% 8.55% 8.66% 8.63% 8.53% 8.41% 8.23% 8.08% 8.00% 7.92% 7.98% 7.88% 7.76% 7.63%
Lowe’s Cos. Inc. 6.29% 7.12% 6.17% 5.93% 4.11% 3.52% 3.31% 3.25% 5.19% 5.58% 5.55% 5.02% 5.16% 4.51% 4.22% 4.76% 3.91% 4.58% 4.58% 4.31% 5.11% 4.91% 4.82% 4.80%
Target Corp. 4.37% 4.21% 3.50% 4.25% 4.23% 4.15% 4.00% 3.95% 4.35% 4.21% 4.10% 4.08% 3.80% 3.99% 4.02% 3.94% 4.75% 4.59% 4.61% 4.56% -0.95% -1.22% -1.94% -2.25%
TJX Cos. Inc. 2.24% 2.11% 4.57% 7.84% 7.70% 7.65% 7.69% 7.85% 7.98% 7.88% 7.58% 7.27% 7.01% 6.83% 6.96% 6.93% 7.00% 7.23% 7.31% 7.36% 7.46% 7.58% 7.59% 7.62%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

1 Q3 2021 Calculation
Net profit margin = 100 × (Consolidated net income (loss) attributable to WalmartQ3 2021 + Consolidated net income (loss) attributable to WalmartQ2 2021 + Consolidated net income (loss) attributable to WalmartQ1 2021 + Consolidated net income (loss) attributable to WalmartQ4 2020) ÷ (Net salesQ3 2021 + Net salesQ2 2021 + Net salesQ1 2021 + Net salesQ4 2020)
= 100 × (5,135 + 6,476 + 3,990 + 4,141) ÷ (133,752 + 136,824 + 133,672 + 140,608) = 3.62%

2 Click competitor name to see calculations.

Profitability ratio Description The company
Net profit margin An indicator of profitability, calculated as net income divided by revenue. Walmart Inc.’s net profit margin ratio improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Return on Equity (ROE)

Walmart Inc., ROE calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Selected Financial Data (US$ in millions)
Consolidated net income (loss) attributable to Walmart 5,135  6,476  3,990  4,141  3,288  3,610  3,842  3,687  1,710  (861) 2,134  2,175  1,749  2,899  3,039  3,757  3,034  3,773  3,079  4,574  3,304  3,475  3,341  4,966  3,711  4,093  3,593 
Total Walmart shareholders’ equity 81,431  75,310  68,240  74,669  71,649  70,327  68,205  72,496  71,996  71,185  75,552  77,869  76,145  76,389  73,691  77,798  77,693  76,525  75,183  80,546  79,571  78,871  76,574  81,394  79,109  77,746  73,088 
Profitability Ratio
ROE1 24.24% 23.76% 22.02% 19.93% 20.14% 18.27% 12.28% 9.20% 7.16% 7.30% 11.86% 12.66% 15.03% 16.66% 18.46% 17.54% 18.61% 19.25% 19.20% 18.24% 18.96% 19.64% 21.04% 20.10%
Benchmarks
ROE, Competitors2
Amazon.com Inc. 20.99% 17.88% 16.18% 18.67% 20.08% 22.80% 24.80% 23.13% 22.75% 17.93% 12.52% 10.95% 7.81% 8.28% 11.91% 12.29% 11.83% 11.68% 7.90% 4.45%
Costco Wholesale Corp. 29.10% 21.89% 22.08% 22.74% 23.55% 24.00% 24.89% 24.89% 24.77% 24.49% 24.79% 25.18% 25.04% 24.86% 25.65% 19.16% 20.17% 19.46% 20.32% 20.99% 21.76% 22.39%
Dollar General Corp. 36.47% 31.80% 27.44% 25.55% 24.97% 24.14% 24.49% 24.77% 28.61% 27.23% 26.05% 25.12% 21.60% 21.52% 22.35% 23.14% 22.63% 22.74% 22.40% 21.66% 21.41% 20.80% 20.35% 18.66%
Home Depot Inc. 813.68% 799.70% 490.49% 534.68% 593.54% 337.99% 236.33% 206.16% 183.64% 136.68% 111.76% 114.18% 110.97% 90.79% 77.91% 71.11% 68.06%
Lowe’s Cos. Inc. 131.77% 131.40% 266.43% 217.09% 119.93% 95.76% 73.30% 63.50% 68.43% 68.05% 66.72% 58.69% 61.93% 55.33% 50.82% 48.07% 36.99% 40.47% 38.23% 33.26% 35.63% 32.62% 28.99% 27.07%
Target Corp. 28.70% 28.00% 24.80% 27.73% 28.11% 26.64% 27.11% 26.00% 29.24% 27.74% 26.63% 25.06% 23.79% 25.03% 25.28% 24.99% 30.23% 28.39% 26.78% 25.96% -5.30% -6.46% -10.01% -11.69%
TJX Cos. Inc. 13.47% 15.26% 35.54% 55.01% 56.45% 57.76% 59.31% 60.61% 58.89% 56.91% 52.98% 50.66% 51.85% 51.03% 51.08% 50.95% 52.81% 52.21% 50.97% 52.88% 51.94% 53.02% 52.10% 51.95%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

1 Q3 2021 Calculation
ROE = 100 × (Consolidated net income (loss) attributable to WalmartQ3 2021 + Consolidated net income (loss) attributable to WalmartQ2 2021 + Consolidated net income (loss) attributable to WalmartQ1 2021 + Consolidated net income (loss) attributable to WalmartQ4 2020) ÷ Total Walmart shareholders’ equity
= 100 × (5,135 + 6,476 + 3,990 + 4,141) ÷ 81,431 = 24.24%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROE A profitability ratio calculated as net income divided by shareholders’ equity. Walmart Inc.’s ROE improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.

Return on Assets (ROA)

Walmart Inc., ROA calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Oct 31, 2020 Jul 31, 2020 Apr 30, 2020 Jan 31, 2020 Oct 31, 2019 Jul 31, 2019 Apr 30, 2019 Jan 31, 2019 Oct 31, 2018 Jul 31, 2018 Apr 30, 2018 Jan 31, 2018 Oct 31, 2017 Jul 31, 2017 Apr 30, 2017 Jan 31, 2017 Oct 31, 2016 Jul 31, 2016 Apr 30, 2016 Jan 31, 2016 Oct 31, 2015 Jul 31, 2015 Apr 30, 2015 Jan 31, 2015 Oct 31, 2014 Jul 31, 2014 Apr 30, 2014
Selected Financial Data (US$ in millions)
Consolidated net income (loss) attributable to Walmart 5,135  6,476  3,990  4,141  3,288  3,610  3,842  3,687  1,710  (861) 2,134  2,175  1,749  2,899  3,039  3,757  3,034  3,773  3,079  4,574  3,304  3,475  3,341  4,966  3,711  4,093  3,593 
Total assets 250,863  237,382  232,892  236,495  239,830  234,861  234,544  219,295  226,583  206,062  204,927  204,522  209,414  201,566  199,718  198,825  206,857  197,886  198,705  199,581  205,144  198,620  200,747  203,706  207,889  203,985  202,746 
Profitability Ratio
ROA1 7.87% 7.54% 6.45% 6.29% 6.02% 5.47% 3.57% 3.04% 2.28% 2.52% 4.37% 4.82% 5.46% 6.32% 6.81% 6.86% 6.99% 7.44% 7.26% 7.36% 7.35% 7.80% 8.03% 8.03%
Benchmarks
ROA, Competitors2
Amazon.com Inc. 6.16% 5.10% 4.77% 5.14% 5.70% 6.32% 6.74% 6.19% 6.20% 4.68% 3.12% 2.31% 1.67% 2.19% 3.19% 2.84% 2.97% 2.97% 1.91% 0.91%
Costco Wholesale Corp. 7.18% 7.20% 7.17% 7.74% 7.26% 8.06% 8.24% 8.06% 7.44% 7.68% 7.60% 7.65% 7.04% 7.37% 7.13% 6.69% 6.61% 7.09% 6.90% 7.13% 6.66% 7.11%
Dollar General Corp. 9.74% 9.05% 7.96% 7.50% 7.41% 7.43% 7.56% 12.04% 13.86% 13.42% 13.00% 12.30% 10.03% 10.10% 10.47% 10.72% 10.18% 10.60% 10.67% 10.35% 10.14% 10.07% 10.00% 9.49%
Home Depot Inc. 18.66% 18.67% 18.68% 21.94% 21.23% 21.54% 21.80% 25.27% 23.35% 21.31% 19.34% 19.38% 19.09% 18.27% 18.17% 18.52% 17.27% 16.81% 16.23% 16.47% 15.67% 15.36% 15.40% 15.88%
Lowe’s Cos. Inc. 10.55% 11.06% 9.98% 10.85% 7.41% 6.21% 5.49% 6.71% 10.05% 10.60% 10.02% 9.77% 9.67% 8.35% 7.47% 8.99% 6.90% 7.67% 7.42% 8.14% 8.87% 8.65% 7.98% 8.48%
Target Corp. 7.54% 7.34% 6.18% 7.67% 7.42% 7.59% 7.42% 7.11% 7.44% 7.75% 7.63% 7.52% 6.51% 7.43% 7.49% 7.31% 8.67% 8.82% 8.42% 8.35% -1.69% -2.23% -3.51% -3.95%
TJX Cos. Inc. 2.38% 2.68% 6.63% 13.55% 12.88% 13.40% 13.53% 21.36% 20.60% 21.08% 19.90% 18.55% 17.36% 17.91% 18.23% 17.84% 17.77% 19.92% 19.75% 19.81% 18.84% 19.99% 19.67% 19.91%

Based on: 10-Q (filing date: 2020-12-02), 10-Q (filing date: 2020-09-02), 10-Q (filing date: 2020-06-03), 10-K (filing date: 2020-03-20), 10-Q (filing date: 2019-12-04), 10-Q (filing date: 2019-09-06), 10-Q (filing date: 2019-06-07), 10-K (filing date: 2019-03-28), 10-Q (filing date: 2018-11-30), 10-Q (filing date: 2018-09-06), 10-Q (filing date: 2018-06-04), 10-K (filing date: 2018-03-30), 10-Q (filing date: 2017-12-01), 10-Q (filing date: 2017-08-31), 10-Q (filing date: 2017-06-02), 10-K (filing date: 2017-03-31), 10-Q (filing date: 2016-12-01), 10-Q (filing date: 2016-08-31), 10-Q (filing date: 2016-06-03), 10-K (filing date: 2016-03-30), 10-Q (filing date: 2015-12-02), 10-Q (filing date: 2015-09-09), 10-Q (filing date: 2015-06-05), 10-K (filing date: 2015-04-01), 10-Q (filing date: 2014-12-01), 10-Q (filing date: 2014-09-05), 10-Q (filing date: 2014-06-06).

1 Q3 2021 Calculation
ROA = 100 × (Consolidated net income (loss) attributable to WalmartQ3 2021 + Consolidated net income (loss) attributable to WalmartQ2 2021 + Consolidated net income (loss) attributable to WalmartQ1 2021 + Consolidated net income (loss) attributable to WalmartQ4 2020) ÷ Total assets
= 100 × (5,135 + 6,476 + 3,990 + 4,141) ÷ 250,863 = 7.87%

2 Click competitor name to see calculations.

Profitability ratio Description The company
ROA A profitability ratio calculated as net income divided by total assets. Walmart Inc.’s ROA improved from Q1 2021 to Q2 2021 and from Q2 2021 to Q3 2021.