This is the standing evidence sheet for Walmart (WMT): the yardsticks BullScope computes from official SEC filings and market prices. It refreshes whenever a new edition of our research is published, and it is impersonal by design, every reader sees the same page. Nothing here is investment advice; it is the evidence, organized.
The price tag: what buyers pay per dollar of profit
Today the market pays about $37.2 for each $1 of Walmart’s annual profit (a price-to-earnings ratio of 37.2). Across its own past decade the typical price tag was 36.0, which puts today at roughly the 57th percentile of the company’s own history.
The tape: what the stock itself has done
- Last price: $104.87 (end-of-day market data as of the edition date · methodology) · 22% below its 52-week high
- Past 6 months: -17.5% · past 12 months: +9.1%
- Day-to-day temperament: jumpy (annualized volatility 26%)
The filed record: straight from the annual reports
| Fiscal year | Revenue | Growth | Operating margin | EPS |
|---|---|---|---|---|
| FY2022 | $567.8B | +2.3% | 4.6% | $4.87 |
| FY2023 | $605.9B | +6.7% | 3.4% | $4.27 |
| FY2024 | $642.6B | +6.1% | 4.2% | $1.91 |
| FY2025 | $674.5B | +5.0% | 4.4% | $2.41 |
| FY2026 | $706.4B | +4.7% | 4.2% | $2.73 |
The road ahead: filed results vs published expectations
| FY2024A | FY2025A | FY2026A | FY2027E | FY2028E | |
|---|---|---|---|---|---|
| Net sales ($B) | 642.6 | 674.5 | 706.4 | 770 to 820 | 770 to 815 |
| Net sales growth (%) | +5.3 | +5.0 | +4.7 | 4.0 to 8.0 | 5 to 7 |
| Operating margin (%) | 4.2 | 4.3 | 4.2 | 3.9 to 4.6 | 4.0 to 4.6 |
| Diluted EPS ($) | 1.91 | 2.41 | 2.73 | 2.90 to 3.40 | 2.90 to 3.55 |
Columns marked A are actual filed results; E columns are the published consensus ranges the current price is being weighed against.
The four gauges: from the latest edition
BullScope coverage of Walmart
- Walmart’s operating income surges 28.8% as tariff refunds and eCommerce gains offset pricing pressure
- Walmart’s Math Says One Thing. The Price Tag Says Another.
- The Grocery Giant’s Quiet Reinvention: What Walmart’s Filed Numbers Say About the American Consumer
Read the full report on Walmart in the BullScope Terminal → It opens with this company loaded.
Edition date: 2026-08-31. This page updates when a new edition is published. Sources: SEC EDGAR filings, Nasdaq prices; computed by BullScope’s published methodology.
