Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
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 Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Walmart Inc. operating profit margin ratio improved from Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Walmart Inc. net profit margin ratio deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Walmart Inc. ROE deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 not reaching Q1 2025 level. |
ROA | A profitability ratio calculated as net income divided by total assets. | Walmart Inc. ROA deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Gross Profit Margin
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 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Gross profit | 40,663) | 40,957) | 38,507) | 40,089) | 38,256) | 38,430) | 35,720) | 37,320) | 35,856) | 35,543) | 33,441) | 36,003) | 34,184) | 34,688) | 33,887) | 35,724) | 33,413) | 34,135) | 31,646) | 32,860) | 31,081) | 31,465) | 29,915) | 32,836) | 30,781) | 31,488) | 29,923) | ||||||||
Net sales | 168,003) | 167,767) | 159,938) | 171,914) | 159,439) | 160,280) | 151,004) | 162,743) | 151,469) | 151,381) | 140,288) | 151,525) | 139,207) | 139,871) | 137,159) | 150,985) | 133,752) | 136,824) | 133,672) | 140,608) | 126,981) | 129,388) | 122,949) | 137,743) | 123,897) | 127,059) | 121,630) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Gross profit margin1 | 24.00% | 23.94% | 23.83% | 23.73% | 23.64% | 23.55% | 23.43% | 23.46% | 23.68% | 23.90% | 24.23% | 24.44% | 24.41% | 24.51% | 24.55% | 24.30% | 24.24% | 24.11% | 23.94% | 24.10% | 24.23% | 24.32% | 24.43% | 24.50% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Gross Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | — | — | 10.98% | 10.92% | 10.80% | 10.69% | 10.67% | 10.57% | 10.44% | 10.41% | 10.39% | 10.48% | 10.71% | 10.94% | 11.02% | 11.13% | 11.23% | 11.30% | 11.32% | 11.20% | 11.15% | 11.02% | 11.09% | 11.02% | — | — | — | ||||||||
Target Corp. | 28.39% | 28.42% | 27.97% | 27.63% | 26.77% | 26.11% | 24.82% | 24.64% | 25.46% | 26.23% | 28.30% | 29.28% | 29.67% | 30.24% | 30.32% | 29.27% | 29.19% | 28.92% | 28.68% | 29.76% | — | — | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Gross profit margin = 100
× (Gross profitQ3 2025
+ Gross profitQ2 2025
+ Gross profitQ1 2025
+ Gross profitQ4 2024)
÷ (Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025
+ Net salesQ4 2024)
= 100 × (40,663 + 40,957 + 38,507 + 40,089)
÷ (168,003 + 167,767 + 159,938 + 171,914)
= 24.00%
2 Click competitor name to see calculations.
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 Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Operating Profit Margin
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 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Operating income | 6,708) | 7,940) | 6,841) | 7,254) | 6,202) | 7,316) | 6,240) | 5,561) | 2,695) | 6,854) | 5,318) | 5,887) | 5,792) | 7,354) | 6,909) | 5,487) | 5,778) | 6,059) | 5,224) | 5,322) | 4,718) | 5,583) | 4,945) | 6,067) | 4,986) | 5,750) | 5,154) | ||||||||
Net sales | 168,003) | 167,767) | 159,938) | 171,914) | 159,439) | 160,280) | 151,004) | 162,743) | 151,469) | 151,381) | 140,288) | 151,525) | 139,207) | 139,871) | 137,159) | 150,985) | 133,752) | 136,824) | 133,672) | 140,608) | 126,981) | 129,388) | 122,949) | 137,743) | 123,897) | 127,059) | 121,630) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Operating profit margin1 | 4.31% | 4.28% | 4.24% | 4.20% | 4.00% | 3.49% | 3.46% | 3.37% | 3.49% | 4.10% | 4.27% | 4.57% | 4.50% | 4.54% | 4.34% | 4.06% | 4.11% | 3.96% | 3.93% | 3.96% | 4.12% | 4.20% | 4.25% | 4.30% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Operating Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | — | — | 3.74% | 3.72% | 3.63% | 3.48% | 3.46% | 3.41% | 3.39% | 3.45% | 3.46% | 3.50% | 3.55% | 3.61% | 3.50% | 3.49% | 3.48% | 3.36% | 3.43% | 3.33% | 3.16% | 3.17% | 3.21% | 3.17% | — | — | — | ||||||||
Target Corp. | 5.54% | 5.70% | 5.32% | 5.31% | 4.68% | 4.36% | 3.51% | 3.53% | 4.40% | 5.35% | 7.40% | 8.44% | 8.41% | 8.58% | 8.60% | 6.99% | 6.66% | 5.87% | 4.98% | 5.96% | — | — | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Operating profit margin = 100
× (Operating incomeQ3 2025
+ Operating incomeQ2 2025
+ Operating incomeQ1 2025
+ Operating incomeQ4 2024)
÷ (Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025
+ Net salesQ4 2024)
= 100 × (6,708 + 7,940 + 6,841 + 7,254)
÷ (168,003 + 167,767 + 159,938 + 171,914)
= 4.31%
2 Click competitor name to see calculations.
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 Q1 2025 to Q2 2025 and from Q2 2025 to Q3 2025. |
Net Profit Margin
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 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
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Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Consolidated net income (loss) attributable to Walmart | 4,577) | 4,501) | 5,104) | 5,494) | 453) | 7,891) | 1,673) | 6,275) | (1,798) | 5,149) | 2,054) | 3,562) | 3,105) | 4,276) | 2,730) | (2,091) | 5,135) | 6,476) | 3,990) | 4,141) | 3,288) | 3,610) | 3,842) | 3,687) | 1,710) | (861) | 2,134) | ||||||||
Net sales | 168,003) | 167,767) | 159,938) | 171,914) | 159,439) | 160,280) | 151,004) | 162,743) | 151,469) | 151,381) | 140,288) | 151,525) | 139,207) | 139,871) | 137,159) | 150,985) | 133,752) | 136,824) | 133,672) | 140,608) | 126,981) | 129,388) | 122,949) | 137,743) | 123,897) | 127,059) | 121,630) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
Net profit margin1 | 2.95% | 2.36% | 2.91% | 2.41% | 2.57% | 2.24% | 1.83% | 1.93% | 1.51% | 2.38% | 2.28% | 2.41% | 1.41% | 1.79% | 2.19% | 2.43% | 3.62% | 3.33% | 2.83% | 2.86% | 2.79% | 2.50% | 1.64% | 1.31% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
Net Profit Margin, Competitors2 | |||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | — | — | 2.98% | 2.95% | 2.88% | 2.78% | 2.70% | 2.65% | 2.60% | 2.63% | 2.59% | 2.62% | 2.65% | 2.67% | 2.59% | 2.61% | 2.58% | 2.48% | 2.55% | 2.45% | 2.36% | 2.44% | 2.47% | 2.45% | — | — | — | ||||||||
Target Corp. | 4.06% | 4.18% | 3.87% | 3.85% | 3.40% | 3.12% | 2.49% | 2.55% | 3.17% | 3.92% | 5.48% | 6.55% | 6.56% | 6.29% | 6.30% | 4.67% | 4.31% | 4.16% | 3.46% | 4.20% | — | — | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
Net profit margin = 100
× (Consolidated net income (loss) attributable to WalmartQ3 2025
+ Consolidated net income (loss) attributable to WalmartQ2 2025
+ Consolidated net income (loss) attributable to WalmartQ1 2025
+ Consolidated net income (loss) attributable to WalmartQ4 2024)
÷ (Net salesQ3 2025
+ Net salesQ2 2025
+ Net salesQ1 2025
+ Net salesQ4 2024)
= 100 × (4,577 + 4,501 + 5,104 + 5,494)
÷ (168,003 + 167,767 + 159,938 + 171,914)
= 2.95%
2 Click competitor name to see calculations.
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 Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |
Return on Equity (ROE)
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 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Consolidated net income (loss) attributable to Walmart | 4,577) | 4,501) | 5,104) | 5,494) | 453) | 7,891) | 1,673) | 6,275) | (1,798) | 5,149) | 2,054) | 3,562) | 3,105) | 4,276) | 2,730) | (2,091) | 5,135) | 6,476) | 3,990) | 4,141) | 3,288) | 3,610) | 3,842) | 3,687) | 1,710) | (861) | 2,134) | ||||||||
Total Walmart shareholders’ equity | 88,108) | 84,423) | 81,293) | 83,861) | 79,456) | 79,556) | 72,405) | 76,693) | 72,253) | 77,569) | 76,896) | 83,253) | 82,274) | 80,529) | 78,335) | 80,925) | 81,431) | 75,310) | 68,240) | 74,669) | 71,649) | 70,327) | 68,205) | 72,496) | 71,996) | 71,185) | 75,552) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
ROE1 | 22.33% | 18.42% | 23.30% | 18.50% | 20.50% | 17.65% | 15.61% | 15.23% | 12.41% | 17.88% | 16.90% | 16.42% | 9.75% | 12.48% | 15.64% | 16.69% | 24.24% | 23.76% | 22.02% | 19.93% | 20.14% | 18.27% | 12.28% | 9.20% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
ROE, Competitors2 | |||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | — | — | 30.98% | 31.19% | 32.95% | 32.73% | 24.92% | 25.11% | 25.46% | 26.55% | 27.40% | 28.31% | 28.28% | 28.39% | 27.97% | 28.51% | 28.67% | 27.75% | 29.10% | 21.89% | 22.08% | 22.74% | 23.55% | 24.00% | — | — | — | ||||||||
Target Corp. | 30.16% | 31.10% | 29.84% | 30.81% | 29.02% | 28.13% | 23.45% | 24.75% | 31.29% | 39.88% | 54.37% | 54.15% | 49.13% | 42.45% | 41.32% | 30.25% | 28.70% | 28.00% | 24.80% | 27.73% | — | — | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
ROE = 100
× (Consolidated net income (loss) attributable to WalmartQ3 2025
+ Consolidated net income (loss) attributable to WalmartQ2 2025
+ Consolidated net income (loss) attributable to WalmartQ1 2025
+ Consolidated net income (loss) attributable to WalmartQ4 2024)
÷ Total Walmart shareholders’ equity
= 100 × (4,577 + 4,501 + 5,104 + 5,494)
÷ 88,108 = 22.33%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Walmart Inc. ROE deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 not reaching Q1 2025 level. |
Return on Assets (ROA)
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 | Jan 31, 2019 | Oct 31, 2018 | Jul 31, 2018 | Apr 30, 2018 | |||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Selected Financial Data (US$ in millions) | |||||||||||||||||||||||||||||||||||
Consolidated net income (loss) attributable to Walmart | 4,577) | 4,501) | 5,104) | 5,494) | 453) | 7,891) | 1,673) | 6,275) | (1,798) | 5,149) | 2,054) | 3,562) | 3,105) | 4,276) | 2,730) | (2,091) | 5,135) | 6,476) | 3,990) | 4,141) | 3,288) | 3,610) | 3,842) | 3,687) | 1,710) | (861) | 2,134) | ||||||||
Total assets | 263,399) | 254,440) | 254,054) | 252,399) | 259,174) | 255,121) | 245,053) | 243,197) | 247,656) | 247,199) | 246,142) | 244,860) | 244,851) | 238,552) | 236,581) | 252,496) | 250,863) | 237,382) | 232,892) | 236,495) | 239,830) | 234,861) | 234,544) | 219,295) | 226,583) | 206,062) | 204,927) | ||||||||
Profitability Ratio | |||||||||||||||||||||||||||||||||||
ROA1 | 7.47% | 6.11% | 7.46% | 6.15% | 6.29% | 5.50% | 4.61% | 4.80% | 3.62% | 5.61% | 5.28% | 5.58% | 3.28% | 4.21% | 5.18% | 5.35% | 7.87% | 7.54% | 6.45% | 6.29% | 6.02% | 5.47% | 3.57% | 3.04% | — | — | — | ||||||||
Benchmarks | |||||||||||||||||||||||||||||||||||
ROA, Competitors2 | |||||||||||||||||||||||||||||||||||
Costco Wholesale Corp. | — | — | 10.32% | 10.55% | 10.56% | 10.24% | 8.84% | 9.12% | 8.99% | 9.05% | 8.91% | 9.11% | 8.84% | 8.74% | 8.05% | 8.45% | 8.25% | 7.91% | 7.18% | 7.20% | 7.17% | 7.74% | 7.26% | 8.06% | — | — | — | ||||||||
Target Corp. | 7.47% | 8.01% | 7.49% | 7.48% | 6.46% | 6.34% | 5.22% | 5.21% | 6.20% | 8.05% | 11.52% | 12.91% | 12.46% | 12.28% | 12.25% | 8.52% | 7.54% | 7.34% | 6.18% | 7.67% | — | — | — | — | — | — | — |
Based on: 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), 10-K (reporting date: 2019-01-31), 10-Q (reporting date: 2018-10-31), 10-Q (reporting date: 2018-07-31), 10-Q (reporting date: 2018-04-30).
1 Q3 2025 Calculation
ROA = 100
× (Consolidated net income (loss) attributable to WalmartQ3 2025
+ Consolidated net income (loss) attributable to WalmartQ2 2025
+ Consolidated net income (loss) attributable to WalmartQ1 2025
+ Consolidated net income (loss) attributable to WalmartQ4 2024)
÷ Total assets
= 100 × (4,577 + 4,501 + 5,104 + 5,494)
÷ 263,399 = 7.47%
2 Click competitor name to see calculations.
Profitability ratio | Description | The company |
---|---|---|
ROA | A profitability ratio calculated as net income divided by total assets. | Walmart Inc. ROA deteriorated from Q1 2025 to Q2 2025 but then improved from Q2 2025 to Q3 2025 exceeding Q1 2025 level. |