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Earnings transcript
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WMT
Walmart Inc.
$117.18
-0.95
(-0.8%)
| Exchange: | NASDAQ |
| Market Cap: | 932.528B |
| Shares Outstanding: | 12.263B |
Delayed data
About The Company
| Sector: | Consumer Defensive | |||||
| Industry: | Discount Stores | |||||
| CEO: | John R. Furner | |||||
| Full Time Employees: | 2.1M | |||||
| Address: |
| |||||
| 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
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 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 875,915,960.228 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 903,002,272.917 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 891,445,000 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 71,438,213.112 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 73,647,326.619 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 72,704,735.134 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 31,779,473.883 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 33,063,876.304 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 32,515,813.264 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 180,196,560.598 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 185,768,853.612 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 183,391,250.139 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 4.050 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 4.120 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.960 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 7 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 5 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeSWOT Analysis
Strengths (preview)
- Robust Financial Performance: Walmart reported strong Q4 FY2025 results, with key financial metrics such as revenue, net income, and operating income reflecting solid growth as highlighted in the earnings call transcript. This performance underscores the company’s ability to maintain profitability amidst competitive pressures.
- Operational Scale and Efficiency: With a significant market capitalization and a vast employee base as per the company profile, Walmart benefits from economies of scale. Investments in automation and digital businesses, as mentioned in the earnings call, further enhance operational efficiency and cost management.
- Strong Cash Flow Generation: Analysis of cash flow statements indicates consistent net cash provided by operating activities and positive free cash flow. This financial stability supports dividend payments (as evidenced by dividend yield TTM) and provides flexibility for reinvestment.
- Market Leadership in Retail Sector: Walmart’s position within the retail industry and consumer defensive sector, combined with a diversified revenue stream across product and geographic segments, solidifies its competitive standing, as reflected in industry and sector performance metrics.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates WMT intrinsic value between $27.44 – $77.04 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.
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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
-0.8
Trading Metrics:
| Open: | 118.18 | Previous Close: | 118.13 | |
| Day Low: | 116.8 | Day High: | 118.48 | |
| Year Low: | 94.23 | Year High: | 135.16 | |
| Price Avg 50: | 125.3 | Price Avg 200: | 116.37 | |
| Volume: | 36.023M | Average Volume: | 20.534M |
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Login — it's freeWMT full analysis
Hey everyone, welcome back to the channel. Today we’re diving deep into one of the most iconic names in retail and a staple in countless portfolios: Walmart. Ticker WMT. Now, Walmart has been on quite a ride lately, and I’m not just talking about the aisles. The stock has seen some serious volatility, dropping about 12% in May alone. So, is this a buying opportunity, or are there deeper concerns? We’re going to break down everything from the latest earnings…
