Walmart Valuation Multiples

Walmart Overview

About Walmart

Since its founding in 1962, Walmart has become the world’s largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam’s Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $680 billion in fiscal 2025 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2025 sales), Walmart International (18%), and Sam’s Club (14%). Within the US, nearly 60% of its $465 billion in fiscal 2025 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart’s operations are concentrated in Mexico, though it also has budding exposure to India.

Founded

1969

HQ

Employees

2.1M

Website

stock.walmart.com

Sectors

Department StoresSupermarkets

Financials (LTM)

Revenue: $717B

EBITDA: $46B

EV

$1.1T

Valuation Multiples

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Walmart Financials

Walmart reported last 12-month revenue of $717B and EBITDA of $46B.

In the same LTM period, Walmart generated $179B in gross profit, $46B in EBITDA, and $21B in net income.

Walmart P&L

In the most recent fiscal year, Walmart reported revenue of $681B and EBITDA of $42B.

Walmart expects next 12-month revenue of XXX and NTM EBITDA of XXX

Walmart Stock Performance

Walmart has current market cap of $1.0T, and enterprise value of $1.1T.

Walmart's stock price is $127.10.

Walmart Valuation Multiples

Walmart trades at 1.5x EV/Revenue multiple, and 23.5x EV/EBITDA.

Walmart Financial Valuation Multiples

As of March 13, 2026, Walmart has market cap of $1.0T and EV of $1.1T.

Equity research analysts estimate Walmart's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Walmart has a P/E ratio of 47.3x.

Walmart Margins & Growth Rates

Walmart's revenue in the last 12 month grew by 5%.

Walmart's revenue per employee in the last FY averaged $0.3M.

Walmart's rule of 40 is 11% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Walmart's rule of X is 19% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Walmart Public Comps

See public comps and valuation multiples for other Department Stores and Supermarkets comps.

Walmart M&A Activity

Walmart acquired XXX companies to date.

Last acquisition by Walmart was on XXXXXXXX, XXXXX. Walmart acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Walmart Investment Activity

Walmart invested in XXX companies to date.

Walmart made its latest investment on XXXXXXXX, XXXXX. Walmart invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).