{ "ok": true, "cik": "104169", "ticker": "WMT", "name": "WALMART INC.", "filings": [ { "form": "10-Q", "filed": "2026-08-28", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000154/0000104169-26-000154-index.htm" }, { "form": "8-K", "filed": "2026-08-20", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000145/0000104169-26-000145-index.htm" }, { "form": "8-K", "filed": "2026-06-05", "items": [ "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "5.07 Submission of Matters to a Vote of Security Holders", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000111/0000104169-26-000111-index.htm" }, { "form": "10-Q", "filed": "2026-05-29", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000102/0000104169-26-000102-index.htm" }, { "form": "8-K", "filed": "2026-05-21", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000095/0000104169-26-000095-index.htm" }, { "form": "8-K", "filed": "2026-04-30", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/104169/000119312526194086/0001193125-26-194086-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2025-11-20", "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416925000177/0000104169-25-000177-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-01-16", "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000023/0000104169-26-000023-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000104169.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=104169" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up WALMART INC. ($WMT). Last filing: 10-Q, 2026-08-28. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2026-01-31", "revenue": 713163000000, "revenueGrowth1y": 0.047252142117667706, "revenueGrowthPerYear": 0.056343509164305194, "yearsOfData": 5, "operatingMargin": 0.041820733829433104, "operatingMarginPrior": 0.04309639713062696, "netMargin": 0.031227082728632866, "operatingCashFlow": 41565000000, "capitalSpending": 26642000000, "freeCashFlow": 14923000000, "researchAndDevelopment": null, "researchShareOfRevenue": null, "cash": 10727000000, "longTermDebt": 38166000000, "longTermDebtChange": 0.0601961165587932, "revenueHistory": [ { "fiscalYearEnd": "2022-01-31", "revenue": 572754000000 }, { "fiscalYearEnd": "2023-01-31", "revenue": 611289000000 }, { "fiscalYearEnd": "2024-01-31", "revenue": 648125000000 }, { "fiscalYearEnd": "2025-01-31", "revenue": 680985000000 }, { "fiscalYearEnd": "2026-01-31", "revenue": 713163000000 } ], "totalEquity": 99617000000, "totalAssets": 284668000000, "equityRatio": 0.34994098388297945, "returnOnEquity": 0.22355622032384032, "dividendsPaid": 7507000000, "payoutRatio": 0.33709025594970815, "dividendPerShare": 0.94, "dividendYearsRising": 4, "dividendCut": false, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": 2.74, "sharesOutstanding": 8022000000, "bookValuePerShare": 12.417975567190227, "revenuePerShare": 88.90089753178758, "range80": { "low": 681640168543.7091, "high": 770771175664.526, "baseline": 748812253794.1255, "n": 1471, "band": "b10", "bandLabel": "$10B+", "method": "v4.1", "credibility": 0.5714285714285714, "growthYears": 5, "ownVolatility": 0.015660108252428397, "classVolatility": 0.06659579566308972, "volatility": 0.04517577726726554 }, "ifPaceHeld": { "low": 681640168543.7091, "high": 770771175664.526 } }, "edgarette": "🔖 Exposure: revenue $713.2B (FY2026), total debt $38.2B. Experience: revenue up 4.7% on the year, up 5.6% a year over 4 years; operating margin 4.2%, down from 4.3%. Soundness: equity 35.0% of assets, return on equity 22.4%, payout 33.7% of profit, dividend per share up 4 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $681.6B and $770.8B next year (method v4.1: its own 5-year record of growth weighed at 57% against $10B+ filers; on a year the method never saw, 83.4% landed inside). In a shock year the stress range is $645.8B to $809.7B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, retail-variety stores): operating margin 4.2% against a 4.9% median; growth 4.7% against 7.2%.", "peers": { "sic": 5331, "sicDescription": "Retail-Variety Stores", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5331", "growth": [ 0.0725, 9 ], "opMargin": [ 0.0488, 9 ], "equityRatio": [ 0.3499, 9 ], "returnOnEquity": [ 0.2198, 9 ] }, "summary": "Walmart (WMT) grew revenue 4.7% in FY2026 to $713.2 billion, operating margin 4.2% against a 4.9% median for retail-variety stores, equity 35.0% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
WALMART INC. against its own record and its peers
Operating marginPeer median 4.9%4.2%Revenue, on the yearPeer median 7.2%4.7%Equity of assetsPeer median 35.0%35.0%Return on equityPeer median 22.0%22.4%Payout of profit33.7%Gold tick: the median of 9–9 peers with $50M+ revenue in retail-variety stores
", "chartHorizon": "
Handed back now, or kept to compound
Of each dollar of profit33.7% paid out66.3% keptHanded back per share$0.94up 4 years runningGrowth its own profit can fund14.8%retained x return on equityRevenue growth it managed4.7%last year, for comparison

Gold is paid out to shareholders; navy is kept in the business. Retained profit times return on equity is the pace a company can fund from itself. Facts from the filings, not a recommendation.

", "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:55:21.409Z", "hash": "d4b983634a59f9f3", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Walmart (WMT) grew revenue 4.7% in FY2026 to $713.2 billion, operating margin 4.2% against a 4.9% median for retail-variety stores, equity 35.0% of assets, and dividend per share up 4 years running. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2026-01-31", "revenue": 713163000000, "totalDebt": 38166000000, "cash": 10727000000 }, "experience": { "revenueGrowth1y": 0.047252142117667706, "revenueGrowthPerYear": 0.056343509164305194, "operatingMargin": 0.041820733829433104, "operatingMarginPrior": 0.04309639713062696, "netMargin": 0.031227082728632866, "freeCashFlow": 14923000000 }, "soundness": { "equityRatio": 0.34994098388297945, "returnOnEquity": 0.22355622032384032, "payoutRatio": 0.33709025594970815, "dividendPerShare": 0.94, "dividendYearsRising": 4, "dividendCut": false, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 5331, "sicDescription": "Retail-Variety Stores", "calendarYear": 2025, "minRevenue": 50000000, "depth": 4, "group": "5331", "growth": [ 0.0725, 9 ], "opMargin": [ 0.0488, 9 ], "equityRatio": [ 0.3499, 9 ], "returnOnEquity": [ 0.2198, 9 ] }, "credibility": { "auditedYears": 5, "weight": "reasonable", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-26", "signals": [ { "code": "3.01", "label": "Exchange listing notice or transfer", "count": 1, "latest": { "filed": "2025-11-20", "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416925000177/0000104169-25-000177-index.htm" } }, { "code": "5.02", "label": "Director or officer change", "count": 4, "latest": { "filed": "2026-01-16", "url": "https://www.sec.gov/Archives/edgar/data/104169/000010416926000023/0000104169-26-000023-index.htm" } } ], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 681640168543.7091, "high": 770771175664.526, "baseline": 748812253794.1255, "coverage": 0.8, "method": "v4.1", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); width = the company's own volatility of yearly growth, credibility-weighted against its size class (Buhlmann), scaled to the 80% target on 2023 and tested on 2024", "calibratedOn": { "companyYears": 1471, "sizeBand": "$10B+", "fitYears": [ 2018, 2022 ], "tuneYear": 2023, "testYear": 2024, "coverageOnTestYear": 0.8341 }, "credibility": { "weightOnOwnRecord": 0.571, "growthYears": 5, "ownVolatility": 0.015660108252428397, "classVolatility": 0.06659579566308972, "pricedVolatility": 0.04517577726726554, "k": 3 }, "stress": { "low": 645818267596.037, "high": 809676731616.1365, "basis": "the same range with widths set to hold 80% across 2018-2023, pandemic years included" }, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 15, "hits": 13, "rate": 0.8666666666666667, "method": "v4", "byYear": { "2012": [ 1, 1 ], "2013": [ 1, 1 ], "2014": [ 1, 1 ], "2015": [ 1, 1 ], "2016": [ 1, 1 ], "2017": [ 1, 1 ], "2018": [ 1, 1 ], "2019": [ 1, 1 ], "2020": [ 1, 1 ], "2021": [ 0, 1 ], "2022": [ 1, 1 ], "2023": [ 0, 1 ], "2024": [ 1, 1 ], "2025": [ 1, 1 ], "2026": [ 1, 1 ] }, "note": "hindsight: the same credibility-weighted range on the company's own past years. Years 2018-2023 were used to fit or tune the method, so only 2025 outcomes are fully out of sample." }, "registry": { "logged": "2026-09-26T15:55:21.409Z", "hash": "d4b983634a59f9f3", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0000104169.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=104169" }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0583, "growth3y": 0.0527, "volatility": 0.0086, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3499, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 5.8% of revenue into operating cash; revenue growing 5.3% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 23rd percentile for cash, 56th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 23, "growthPctInClass": 56, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-31", "operating": 41565000000, "investing": -26350000000, "financing": -13553000000, "capitalSpending": 26642000000, "free": 14923000000, "trend": [ { "fiscalYearEnd": "2022-01-31", "operating": 24181000000, "free": 11075000000 }, { "fiscalYearEnd": "2023-01-31", "operating": 28841000000, "free": 11984000000 }, { "fiscalYearEnd": "2024-01-31", "operating": 35726000000, "free": 15120000000 }, { "fiscalYearEnd": "2025-01-31", "operating": 36443000000, "free": 12660000000 }, { "fiscalYearEnd": "2026-01-31", "operating": 41565000000, "free": 14923000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-31", "cash": 10727000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 284668000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": 0.0583, "growth3y": 0.0527, "volatility": 0.0086, "paysDividend": true, "raisedDividend": true, "equityRatio": 0.3499, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "steady", "inside": "Turns 5.8% of revenue into operating cash; revenue growing 5.3% a year over three years; pays and raised its dividend.", "outside": "Among $10B+ companies: 23rd percentile for cash, 56th for growth.", "emoji": "🐂", "label": "Steady earner", "plain": "steady and paying a dividend, with average cash" }, "band": "$10B+", "cashPctInClass": 23, "growthPctInClass": 56, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 0, "name": "New ship", "plain": "no warning signs" }, "cashFlow": { "fiscalYearEnd": "2026-01-31", "operating": 41565000000, "investing": -26350000000, "financing": -13553000000, "capitalSpending": 26642000000, "free": 14923000000, "trend": [ { "fiscalYearEnd": "2022-01-31", "operating": 24181000000, "free": 11075000000 }, { "fiscalYearEnd": "2023-01-31", "operating": 28841000000, "free": 11984000000 }, { "fiscalYearEnd": "2024-01-31", "operating": 35726000000, "free": 15120000000 }, { "fiscalYearEnd": "2025-01-31", "operating": 36443000000, "free": 12660000000 }, { "fiscalYearEnd": "2026-01-31", "operating": 41565000000, "free": 14923000000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2026-01-31", "cash": 10727000000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 284668000000, "ladder": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }