Walmart Inc. · Variety Stores

WMT

Low riskNext report: Around Nov 19 (est.)

View price ↗

The short version

A high-quality, profitable business with steady sales. Institutions are adding.

Going well

Profitable every year for 10 years
Brings in more cash than it spends
High return on equity: 23%

Money moves

Insiders sold $2.9M in the last 30 days, all through pre-planned sales
Institutions added 6.4% to their holdings in the quarter ending June 2026 (1999 bought, 1990 sold)
Held by George Soros (Soros Fund), Ray Dalio (Bridgewater)

Facts from SEC filings, not a recommendation.

What the price means

Price as of Oct 26

$120.29+0.3% that day

Company value: $954.4B; Share price times all shares
Price vs profit (P/E): 43.4x; You pay about $43 for each $1 of yearly profit
Price vs sales: 1.3x; Company value is 1.3 times a year of sales
Dividend yield: 0.8%; Yearly dividend as a share of today's price
Cash vs value: 1%; Cash as a share of company value
Debt vs value: 4%; Debt as a share of company value

From WMT's last IEX trade and its SEC filings (profits and sales over the last four quarters). A starting point for research, not a verdict.

The business over time

Last 12 quarters, from SEC filings

Sales, Jul '26

$187.9B+5.9% vs a year earlier

Oct '23Tap a barJul '26

Last 12 months: $735.8B, up 6.2% from the 12 months before. Over 5 years, sales grew about 5.0% a year.

What the price assumes

Your guesses, our math

Move the sliders to your own view of WMT. Starting points are the company's recent numbers.

Sales growth+6% a yearRecently: +6.2% a yearProfit margin3%Last 12 months: 3.0%P/E at the end40xToday: 43.4x. Many steady companies trade at 12x to 25xShare count change-1% a yearBelow zero means buybacks; above zero means new shares (dilution)

Sales in 5 years$984.7B

Profit in 5 years$29.5B

Price these guesses point to$156.62+30% vs $120.29 todayAbout +5.4% a year, before dividends

What today's price needs: with a 3% margin and a 40x P/E, sales would have to grow about 0.6% a year for 5 years just to match today's price.

Simple math on your guesses, not a forecast or a price target. Real results depend on many things these sliders leave out.

Price

Price chart by TradingView.

Business quality

The checklist Warren Buffett-style investors use. Annual numbers for 2025.

5/6Strong

PassReturn on equity 15%+Earns a lot on the money owners have in the business.23.0%
PassDebt under half of equityNot relying on borrowed money.0.38x equity
MissNet margin 10%+Keeps at least 10 cents of profit from each dollar of sales.3.1%
PassProfitable every yearSteady profits, not one good year.10 of 10 years
PassFree cash flow positiveBrings in more cash than it spends to run and grow.$14.9B
PassShare count not growingNot diluting owners. Falling means buybacks.-1.8% in 3 years

Revenue: $713.2B; +4.7% vs prior year
5-year growth: +5.0%/yr; revenue, per year
Total debt: $38.2B; 0.38x equity
Current ratio: 0.79x; short-term assets / bills due

From annual reports filed with the SEC. Not in this company's SEC data, so not scored: gross margin 40%+. A checklist is a starting point for research, not a verdict.

Latest quarter

Quarter ended Jul 31, 2026

Reported Aug 20

Revenue: $187.9B; +5.9% YoY
EPS: $0.80; vs $0.88
Op. margin: 5.0%; +0.9 pts
Gross margin: 26.1%; +0.9 pts
Free cash flow: $7.5B
Share count: -0.5%; vs a year ago

Insider rating

Last 90 days

44Mixed

Pre-planned sales of $2.9M (weaker signal)

50 is neutral. Buying by more insiders, top executives and bigger stakes raises it. Selling lowers it; pre-planned sales count less.

Weekly insider trend

13 weeks agoBoughtSoldThis week

Filing buzz

Last 7 days vs normal

44/ 100

This week: 3
Normal week: 3.9
vs normal: 0.8x

SEC filings of any kind. 50 means a normal week.

Institutional ownership

Accumulating+6.4%

Institutions added 6.4% to their holdings. 1999 bought, 1990 sold.

Shares held by institutions2.97B

Sep '24Jun '26

Safety check

From SEC filings

Share count growthYearly rate, last 3 years

-0.6%

Cash runwayAt last year's cash burn

Cash flow positive

Debt to equityLatest balance sheet: debt compared with what owners have

0.4x · $39.9B debt

Shares outstandingLatest reported

7.9B

Earnings reports

Last 12

Next reportAround Nov 19 (est.)Estimated from the same quarter last year

Results filedAug 20
Results filedMay 21
Results filedFeb 19
Results filedNov 20, 2025
Results filedAug 21, 2025

Flags and big holders

Offerings 6 months, flags 12 months, holders 90 days

Offering prospectusOct 21 · View filing ↗Offering Offering prospectusOct 21 · View filing ↗Offering Offering prospectusOct 19 · View filing ↗Offering Offering prospectusOct 19 · View filing ↗Offering 5%+ holder update (active)Aug 7 · View filing ↗Activist Listing standards noticeNov 20, 2025 · View filing ↗Red flag

Insider trades

Open-market buys and sells, last 90 days

Bought$00 insiders

Sold$2.9M4 insiders, 4 pre-planned

Insider	Trade	Shares	Avg price	Value	Owns after	Date
Christopher James NicholasExecutive Vice President	Sell	3K	$120.60	$350K	563K	Oct 15Filing ↗
-0.5% of their holdings $120.33 to $120.95 across 2 trades Pre-planned sale (10b5-1) Filed 1 day after
John R. FurnerPresident & CEO	Sell	13K	$120.60	$1.6M	635K	Oct 15Filing ↗
-2% of their holdings $120.33 to $120.93 across 2 trades Pre-planned sale (10b5-1) Also Director Filed 1 day after
Latriece WatkinsExecutive Vice President	Sell	5K	$115.00	$575K	110K	Oct 14Filing ↗
-4.3% of their holdings Pre-planned sale (10b5-1) Filed 2 days after
Daniel J BartlettExecutive Vice President	Sell	4K	$104.41	$417K	618K	Oct 1Filing ↗
-0.6% of their holdings Pre-planned sale (10b5-1) Filed 1 day after