Earnings quality
Compare earnings and operating cash flow for earnings quality.
Walmart Inc.
Ticker WMT · 🇺🇸 United States · Consolidated US GAAP · amounts in dollars
Filed 2026-03-13 · Period end 2026-01-31
Takeaway
Worth trackingSales and operating profit both moved in a healthier direction.
operating margin is 4.2%; equity ratio is 35.0%.
Sales and operating profit moved together — keep watching margins and whether the trend persists next period.
ActionWorth tracking
OP margin4.2%
Equity ratio35.0%
Last price—
Trailing P/E—
Look at next
- Compare operating cash flow to reported profit across the last two years.
- Open English IR for management commentary on outlook and capital allocation.
- Overlay peers on Compare before judging relative momentum.
About the company
WALMART INC. is a US-listed company with consolidated financial statements filed on SEC EDGAR.
Compare trends
Tel 5012734000 · As of filing date 2026-03-13
Financial statements
Income statement
| Account | FY2025 (ended Jan 31, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Revenue | $674.5B | $706.4B |
| Cost of sales* | — | — |
| Gross profit | — | — |
| Operating profit | $29.3B | $29.8B |
| Income tax | $6.2B | $7.2B |
| Net income | $19.4B | $21.9B |
| Basic EPS | 2.42 | 2.74 |
Balance sheet
| Account | FY2025 (ended Jan 31, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Cash & equivalents | $9.0B | $10.7B |
| Current assets | $79.5B | $84.9B |
| Non-current assets* | $181.4B | $199.8B |
| Total assets | $260.8B | $284.7B |
| Current liabilities | $96.6B | $107.5B |
| Non-current liabilities* | — | — |
| Total liabilities | — | — |
| Stockholders’ equity | $91.0B | $99.6B |
Cash flow statement
| Account | FY2025 (ended Jan 31, 2025) | FY2026 (ended Jan 31, 2026) |
|---|---|---|
| Operating cash flow | $36.4B | $41.6B |
| Investing cash flow | -$21.4B | -$26.4B |
| Financing cash flow | -$14.8B | -$13.6B |
| Cash at end of period | $9.0B | $10.7B |
Five-year trends
Key metrics
| Metric | Trend | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|
| Revenue | $567.8B | $605.9B | $642.6B | $674.5B | $706.4B | |
| Operating profit | $25.9B | $20.4B | $27.0B | $29.3B | $29.8B | |
| Net income | $13.7B | $11.7B | $15.5B | $19.4B | $21.9B | |
| Total assets | $244.9B | $243.2B | $252.4B | $260.8B | $284.7B | |
| Cash & equivalents | $14.8B | $8.6B | $9.9B | $9.0B | $10.7B | |
| Stockholders’ equity | $83.3B | $76.7B | $83.9B | $91.0B | $99.6B |
How we read these numbers
From the notes
No material one-offs extracted from this filing.
Constructive
Sales and operating profit both moved in a healthier direction.
On the income statement, revenue moved from $674.5B to $706.4B (▲ +4.7%). Operating profit went from $29.3B to $29.8B (▲ +1.6%).
Operating cash flow was $41.6B (prior $36.4B), with cash on the balance sheet at $10.7B versus $9.0B.
Liquidity & leverage
Cash moved from $9.0B to $10.7B; current liabilities $107.5B.
Capital buffer
Stockholders’ equity moved from $91.0B to $99.6B.
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Source: SEC EDGAR 0000104169-26-000055
(WALMART INC.), period end 2026-01-31.