Stock Analysis on Net

Walmart Inc. (NYSE:WMT)

Analysis of Profitability Ratios
Quarterly Data

Profitability ratios measure the company ability to generate profitable sales from its resources (assets).

Profitability Ratios (Summary)
Gross Profit Margin
Operating Profit Margin
Net Profit Margin
Return on Equity (ROE)
Return on Assets (ROA)

Paying user area

Try for free

Walmart Inc. pages available for free this week:

The data is hidden behind: . Unhide it.

Get full access to the entire website from $10.42/mo, or
get 1-month access to Walmart Inc. for $24.99.

This is a one-time payment. There is no automatic renewal.

We accept:

Profitability Ratios (Summary)

Walmart Inc., profitability ratios (quarterly data)

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Return on Sales
	Gross profit margin
	Operating profit margin
	Net profit margin
	Return on Investment
	Return on equity (ROE)
	Return on assets (ROA)

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

Download chart

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. gross profit margin ratio improved from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Walmart Inc. operating profit margin ratio improved from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Walmart Inc. net profit margin ratio deteriorated from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

Download chart

Profitability ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders’ equity.	Walmart Inc. ROE deteriorated from Q3 2025 to Q4 2025 but then improved from Q4 2025 to Q1 2026 exceeding Q3 2025 level.
ROA	A profitability ratio calculated as net income divided by total assets.	Walmart Inc. ROA deteriorated from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

Gross Profit Margin

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

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Selected Financial Data (US$ in millions)
	Gross profit
	Net sales
	Profitability Ratio
	Gross profit margin¹
	Benchmarks
	Gross Profit Margin, Competitors²
	Costco Wholesale Corp.
	Target Corp.

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

¹ Q1 2026 Calculation
Gross profit margin = 100 × (Gross profit_{Q1 2026} + Gross profit_{Q4 2025} + Gross profit_{Q3 2025} + Gross profit_{Q2 2025}) ÷ (Net sales_{Q1 2026} + Net sales_{Q4 2025} + Net sales_{Q3 2025} + Net sales_{Q2 2025})
= 100 × ( + + + ) ÷ ( + + + ) =

² Click competitor name to see calculations.

Download chart

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. gross profit margin ratio improved from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

Operating Profit Margin

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

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Selected Financial Data (US$ in millions)
	Operating income
	Net sales
	Profitability Ratio
	Operating profit margin¹
	Benchmarks
	Operating Profit Margin, Competitors²
	Costco Wholesale Corp.
	Target Corp.

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

¹ Q1 2026 Calculation
Operating profit margin = 100 × (Operating income_{Q1 2026} + Operating income_{Q4 2025} + Operating income_{Q3 2025} + Operating income_{Q2 2025}) ÷ (Net sales_{Q1 2026} + Net sales_{Q4 2025} + Net sales_{Q3 2025} + Net sales_{Q2 2025})
= 100 × ( + + + ) ÷ ( + + + ) =

² Click competitor name to see calculations.

Download chart

Profitability ratio	Description	The company
Operating profit margin	A profitability ratio calculated as operating income divided by revenue.	Walmart Inc. operating profit margin ratio improved from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

Net Profit Margin

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

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Selected Financial Data (US$ in millions)
	Consolidated net income (loss) attributable to Walmart
	Net sales
	Profitability Ratio
	Net profit margin¹
	Benchmarks
	Net Profit Margin, Competitors²
	Costco Wholesale Corp.
	Target Corp.

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

¹ Q1 2026 Calculation
Net profit margin = 100 × (Consolidated net income (loss) attributable to Walmart_{Q1 2026} + Consolidated net income (loss) attributable to Walmart_{Q4 2025} + Consolidated net income (loss) attributable to Walmart_{Q3 2025} + Consolidated net income (loss) attributable to Walmart_{Q2 2025}) ÷ (Net sales_{Q1 2026} + Net sales_{Q4 2025} + Net sales_{Q3 2025} + Net sales_{Q2 2025})
= 100 × ( + + + ) ÷ ( + + + ) =

² Click competitor name to see calculations.

Download chart

Profitability ratio	Description	The company
Net profit margin	An indicator of profitability, calculated as net income divided by revenue.	Walmart Inc. net profit margin ratio deteriorated from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

Return on Equity (ROE)

Walmart Inc., ROE calculation (quarterly data)

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Selected Financial Data (US$ in millions)
	Consolidated net income (loss) attributable to Walmart
	Total Walmart shareholders’ equity
	Profitability Ratio
	ROE¹
	Benchmarks
	ROE, Competitors²
	Costco Wholesale Corp.
	Target Corp.

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

¹ Q1 2026 Calculation
ROE = 100 × (Consolidated net income (loss) attributable to Walmart_{Q1 2026} + Consolidated net income (loss) attributable to Walmart_{Q4 2025} + Consolidated net income (loss) attributable to Walmart_{Q3 2025} + Consolidated net income (loss) attributable to Walmart_{Q2 2025}) ÷ Total Walmart shareholders’ equity
= 100 × ( + + + ) ÷ =

² Click competitor name to see calculations.

Download chart

Profitability ratio	Description	The company
ROE	A profitability ratio calculated as net income divided by shareholders’ equity.	Walmart Inc. ROE deteriorated from Q3 2025 to Q4 2025 but then improved from Q4 2025 to Q1 2026 exceeding Q3 2025 level.

Return on Assets (ROA)

Walmart Inc., ROA calculation (quarterly data)

		Apr 30, 2025		Jan 31, 2025	Oct 31, 2024	Jul 31, 2024	Apr 30, 2024		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023		Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022		Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021		Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020		Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
	Selected Financial Data (US$ in millions)
	Consolidated net income (loss) attributable to Walmart
	Total assets
	Profitability Ratio
	ROA¹
	Benchmarks
	ROA, Competitors²
	Costco Wholesale Corp.
	Target Corp.

Based on: 10-Q (reporting date: 2025-04-30), 10-K (reporting date: 2025-01-31), 10-Q (reporting date: 2024-10-31), 10-Q (reporting date: 2024-07-31), 10-Q (reporting date: 2024-04-30), 10-K (reporting date: 2024-01-31), 10-Q (reporting date: 2023-10-31), 10-Q (reporting date: 2023-07-31), 10-Q (reporting date: 2023-04-30), 10-K (reporting date: 2023-01-31), 10-Q (reporting date: 2022-10-31), 10-Q (reporting date: 2022-07-31), 10-Q (reporting date: 2022-04-30), 10-K (reporting date: 2022-01-31), 10-Q (reporting date: 2021-10-31), 10-Q (reporting date: 2021-07-31), 10-Q (reporting date: 2021-04-30), 10-K (reporting date: 2021-01-31), 10-Q (reporting date: 2020-10-31), 10-Q (reporting date: 2020-07-31), 10-Q (reporting date: 2020-04-30), 10-K (reporting date: 2020-01-31), 10-Q (reporting date: 2019-10-31), 10-Q (reporting date: 2019-07-31), 10-Q (reporting date: 2019-04-30).

¹ Q1 2026 Calculation
ROA = 100 × (Consolidated net income (loss) attributable to Walmart_{Q1 2026} + Consolidated net income (loss) attributable to Walmart_{Q4 2025} + Consolidated net income (loss) attributable to Walmart_{Q3 2025} + Consolidated net income (loss) attributable to Walmart_{Q2 2025}) ÷ Total assets
= 100 × ( + + + ) ÷ =

² Click competitor name to see calculations.

Download chart

Profitability ratio	Description	The company
ROA	A profitability ratio calculated as net income divided by total assets.	Walmart Inc. ROA deteriorated from Q3 2025 to Q4 2025 and from Q4 2025 to Q1 2026.

	Walmart Inc.	Other companies (not purchased previously)
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality
Stock Price Trends

Price of access to Walmart Inc.^*

1 month

$24.99

* You can pay in USD, CHF, GBP or EUR.

	All companies
Financial Statements
Common-Size Financial Statements
Analysis of Financial Ratios
Relative Valuation
Discounted Cash Flow (DCF) Valuation
Economic Value Added (EVA)
Long-term Trends
Analysis of Components of Financial Statements
Financial Reporting Quality
Stock Price Trends

Prices of access to the entire website^*

12 months

50% off

$10.42/mo

9 months

38% off

$12.75/mo

6 months

23% off

$16.03/mo

3 months

$20.73/mo

* You can pay in USD, CHF, GBP or EUR.