Return on Equity (ROE)
since 2005
Calculation
Walmart Inc., ROE, long-term trends, calculation
| ROE | = | 100 | × | Consolidated net income attributable to Walmart1 | ÷ | Total Walmart shareholders’ equity1 | |
|---|---|---|---|---|---|---|---|
| Jan 31, 2024 | 18.50% | = | 100 | × | 15,511) | ÷ | 83,861) |
| Jan 31, 2023 | 15.23% | = | 100 | × | 11,680) | ÷ | 76,693) |
| Jan 31, 2022 | 16.42% | = | 100 | × | 13,673) | ÷ | 83,253) |
| Jan 31, 2021 | 16.69% | = | 100 | × | 13,510) | ÷ | 80,925) |
| Jan 31, 2020 | 19.93% | = | 100 | × | 14,881) | ÷ | 74,669) |
| Jan 31, 2019 | 9.20% | = | 100 | × | 6,670) | ÷ | 72,496) |
| Jan 31, 2018 | 12.66% | = | 100 | × | 9,862) | ÷ | 77,869) |
| Jan 31, 2017 | 17.54% | = | 100 | × | 13,643) | ÷ | 77,798) |
| Jan 31, 2016 | 18.24% | = | 100 | × | 14,694) | ÷ | 80,546) |
| Jan 31, 2015 | 20.10% | = | 100 | × | 16,363) | ÷ | 81,394) |
| Jan 31, 2014 | 21.01% | = | 100 | × | 16,022) | ÷ | 76,255) |
| Jan 31, 2013 | 22.27% | = | 100 | × | 16,999) | ÷ | 76,343) |
| Jan 31, 2012 | 22.01% | = | 100 | × | 15,699) | ÷ | 71,315) |
| Jan 31, 2011 | 23.91% | = | 100 | × | 16,389) | ÷ | 68,542) |
| Jan 31, 2010 | 20.26% | = | 100 | × | 14,335) | ÷ | 70,749) |
| Jan 31, 2009 | 20.53% | = | 100 | × | 13,400) | ÷ | 65,285) |
| Jan 31, 2008 | 19.70% | = | 100 | × | 12,731) | ÷ | 64,608) |
| Jan 31, 2007 | 18.33% | = | 100 | × | 11,284) | ÷ | 61,573) |
| Jan 31, 2006 | 21.12% | = | 100 | × | 11,231) | ÷ | 53,171) |
| Jan 31, 2005 | 20.79% | = | 100 | × | 10,267) | ÷ | 49,396) |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
1 US$ in millions
Comparison to Competitors
Walmart Inc., ROE, long-term trends, comparison to competitors
| Walmart Inc. | Costco Wholesale Corp. | Target Corp. | |
|---|---|---|---|
| Jan 31, 2024 | 18.50% | 31.19% | 30.81% |
| Jan 31, 2023 | 15.23% | 25.11% | 24.75% |
| Jan 31, 2022 | 16.42% | 28.31% | 54.15% |
| Jan 31, 2021 | 16.69% | 28.51% | 30.25% |
| Jan 31, 2020 | 19.93% | 21.89% | 27.73% |
| Jan 31, 2019 | 9.20% | 24.00% | 26.00% |
| Jan 31, 2018 | 12.66% | 24.49% | 25.06% |
| Jan 31, 2017 | 17.54% | 24.86% | 24.99% |
| Jan 31, 2016 | 18.24% | 19.46% | 25.96% |
| Jan 31, 2015 | 20.10% | 22.39% | -11.69% |
| Jan 31, 2014 | 21.01% | 16.73% | 12.14% |
| Jan 31, 2013 | 22.27% | 18.82% | 18.11% |
| Jan 31, 2012 | 22.01% | 13.83% | 18.51% |
| Jan 31, 2011 | 23.91% | 12.18% | 18.85% |
| Jan 31, 2010 | 20.26% | 12.03% | 16.21% |
| Jan 31, 2009 | 20.53% | 10.83% | 16.15% |
| Jan 31, 2008 | 19.70% | 13.95% | 18.61% |
| Jan 31, 2007 | 18.33% | 12.56% | 17.83% |
| Jan 31, 2006 | 21.12% | 12.07% | 16.95% |
| Jan 31, 2005 | 20.79% | 11.97% | 24.55% |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Sector (Consumer Staples Distribution & Retail)
Walmart Inc., ROE, long-term trends, comparison to sector (consumer staples distribution & retail)
| Walmart Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 31, 2024 | 18.50% | — |
| Jan 31, 2023 | 15.23% | 18.37% |
| Jan 31, 2022 | 16.42% | 22.67% |
| Jan 31, 2021 | 16.69% | 20.26% |
| Jan 31, 2020 | 19.93% | 21.15% |
| Jan 31, 2019 | 9.20% | 13.40% |
| Jan 31, 2018 | 12.66% | 15.56% |
| Jan 31, 2017 | 17.54% | 19.15% |
| Jan 31, 2016 | 18.24% | 19.33% |
| Jan 31, 2015 | 20.10% | 16.13% |
| Jan 31, 2014 | 21.01% | 19.13% |
| Jan 31, 2013 | 22.27% | 21.24% |
| Jan 31, 2012 | 22.01% | 20.44% |
| Jan 31, 2011 | 23.91% | 21.63% |
| Jan 31, 2010 | 20.26% | 18.70% |
| Jan 31, 2009 | 20.53% | 18.76% |
| Jan 31, 2008 | 19.70% | 18.92% |
| Jan 31, 2007 | 18.33% | 17.66% |
| Jan 31, 2006 | 21.12% | 19.27% |
| Jan 31, 2005 | 20.79% | 20.37% |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).
Comparison to Industry (Consumer Staples)
Walmart Inc., ROE, long-term trends, comparison to industry (consumer staples)
| Walmart Inc. | Consumer Staples | |
|---|---|---|
| Jan 31, 2024 | 18.50% | — |
| Jan 31, 2023 | 15.23% | 37.55% |
| Jan 31, 2022 | 16.42% | 38.86% |
| Jan 31, 2021 | 16.69% | 35.45% |
| Jan 31, 2020 | 19.93% | 35.90% |
| Jan 31, 2019 | 9.20% | 22.50% |
| Jan 31, 2018 | 12.66% | 31.57% |
| Jan 31, 2017 | 17.54% | 30.51% |
| Jan 31, 2016 | 18.24% | 32.96% |
| Jan 31, 2015 | 20.10% | 25.09% |
| Jan 31, 2014 | 21.01% | 27.28% |
| Jan 31, 2013 | 22.27% | 27.39% |
| Jan 31, 2012 | 22.01% | 27.22% |
| Jan 31, 2011 | 23.91% | 27.10% |
| Jan 31, 2010 | 20.26% | 27.48% |
| Jan 31, 2009 | 20.53% | 25.77% |
| Jan 31, 2008 | 19.70% | 25.66% |
| Jan 31, 2007 | 18.33% | 22.33% |
| Jan 31, 2006 | 21.12% | 21.85% |
| Jan 31, 2005 | 20.79% | 26.54% |
Based on: 10-K (reporting date: 2024-01-31), 10-K (reporting date: 2023-01-31), 10-K (reporting date: 2022-01-31), 10-K (reporting date: 2021-01-31), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-01-31), 10-K (reporting date: 2018-01-31), 10-K (reporting date: 2017-01-31), 10-K (reporting date: 2016-01-31), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-01-31), 10-K (reporting date: 2012-01-31), 10-K (reporting date: 2011-01-31), 10-K (reporting date: 2010-01-31), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-01-31), 10-K (reporting date: 2007-01-31), 10-K (reporting date: 2006-01-31), 10-K (reporting date: 2005-01-31).