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Earnings transcript
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WMT
Walmart Inc.
$118.82
0.95
(0.81%)
| Exchange: | NASDAQ |
| Market Cap: | 945.579B |
| Shares Outstanding: | 12.263B |
Delayed data
About The Company
| Sector: | Consumer DefensiveView sector performance | |||||
| Industry: | Discount StoresView industry performance | |||||
| CEO: | John Furner | |||||
| Full Time Employees: | 2.1M | |||||
| Address: |
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| Website: | https://corporate.walmart.com |
Walmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc. The company’s diverse operations, encompassing retail, wholesale, and e-commerce, are managed across three primary divisions: Walmart U.S., Walmart International, and Sam’s Club. Its extensive physical presence includes a variety of store formats such as supercenters, supermarkets, hypermarkets, membership-only warehouse clubs (like Sam’s Club), cash-and-carry outlets, and discount stores, primarily operating under the Walmart and Walmart Neighborhood Market banners. Digitally, the company engages customers through numerous e-commerce platforms, including walmart.com.mx, walmart.ca, flipkart.com, and PhonePe, as well as via dedicated mobile applications. Walmart offers an exceptionally broad range of products and services. Its inventory covers groceries and daily consumables, such as dairy, meats, baked goods, deli items, fresh produce, various packaged foods (dry, chilled, or frozen), alcoholic and non-alcoholic beverages, floral items, snacks, candies, health and beauty aids, paper products, laundry and home care essentials, baby care, and pet supplies, alongside fuel and tobacco. Furthermore, it features a comprehensive health and wellness segment, providing pharmacy, optical, and hearing services, over-the-counter medications, and other medical products. For home and personal needs, shoppers can find items ranging from home improvement goods, outdoor living products, gardening supplies, furniture, apparel, and jewelry, to tools, power equipment, housewares, toys, seasonal items, mattresses, and automotive services like tire and battery centers. The electronics department includes consumer electronics, accessories, software, video games, office supplies, appliances, and third-party gift cards. Beyond merchandise, Walmart provides a suite of financial services. These include digital payment platforms, money transfer options, bill payment services, money orders, check cashing, prepaid access solutions, co-branded credit cards, installment lending, and earned wage access programs. The company also markets several proprietary brands, notably Allswell, Athletic Works, Equate, and Free Assembly.
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Revenue Segmentation
WMT full analysis
Hey everyone, welcome back to MarketSnap. Walmart is one of the most watched stocks on the planet right now, and after a brutal pullback, everyone's asking the same question: is this a falling knife or the buy of the decade? We're plugging it into MarketSnap's fair value calculator to see if the growth is actually priced in, or if there's finally a margin of safety. Let's dive in. So let's set the stage here. Walmart has been a massive winner…
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| WMT | Walmart Inc. | 945.6B | 40.2 | 45.0 | 12.7% |
 COST | Costco Wholesale Corporation | 438.3B | 45.6 | 48.3 | 18.6% |
 TGT | Target Corporation | 70.1B | 15.9 | 21.1 | 11.3% |
 DG | Dollar General Corporation | 29.7B | 16.5 | 20.4 | 7.0% |
 DLTR | Dollar Tree, Inc. | 23.3B | 14.5 | 21.6 | 13.8% |
 BJ | BJ's Wholesale Club Holdings, Inc. | 13.0B | 21.4 | 23.6 | 11.9% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 648,125,000 | 680,985,000 | 713,163,000 |
| Gross Profit | 157,983,000 | 169,232,000 | 177,768,000 |
| EBITDA | 36,384,000 | 42,010,000 | 46,471,000 |
| Operating Income | 27,012,000 | 29,348,000 | 29,825,000 |
| Net Income | 15,511,000 | 19,436,000 | 21,893,000 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 252,399,000 | 260,823,000 | 284,668,000 |
| Total Liabilities | 161,828,000 | 163,131,000 | 185,051,000 |
| Total Stockholders Equity | 83,861,000 | 91,013,000 | 99,617,000 |
| Total Debt | 61,321,000 | 60,114,000 | 67,095,000 |
| Cash and Cash Equivalents | 9,867,000 | 9,037,000 | 10,727,000 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 35,726,000 | 36,443,000 | 41,565,000 |
| Capital Expenditure | -20,606,000 | 0 | 0 |
| Free Cash Flow | 15,120,000 | 36,443,000 | 41,565,000 |
| Net Income | 15,511,000 | 20,157,000 | 22,270,000 |
| Net Change in Cash | 1,094,000 | -399,000 | 1,785,000 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2031 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 878,679,586.563 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 896,579,594.563 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 890,454,000 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 70,902,367.654 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 72,130,769.838 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 71,710,374.917 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 33,346,972.684 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 34,233,724.564 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 33,930,252.304 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | 180,765,103.681 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | 184,447,557.276 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | 183,187,378.078 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 4.230 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.270 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 4.160 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 7 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 5 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates WMT intrinsic value between $57.24 – $63.72 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about WMT valuation
Is Walmart Inc. (WMT) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for Walmart Inc. (WMT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is WMT a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether WMT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is WMT’s P/E ratio?
You can see WMT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for WMT?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is WMT a good long-term investment?
Whether WMT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
WMT
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Daily snapshot
0.81
Trading Metrics:
| Open: | 118.15 | Previous Close: | 117.87 | |
| Day Low: | 118.1 | Day High: | 119.48 | |
| Year Low: | 98.88 | Year High: | 135.16 | |
| Price Avg 50: | 108.78 | Price Avg 200: | 118.23 | |
| Volume: | 20.32M | Average Volume: | 23.597M |
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