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Walmart Valuation Multiples

Discover revenue and EBITDA valuation multiples for Walmart and similar public comparables like Central Retail, Woolworths Group, and Myer Holdings.

Walmart Overview

About Walmart

Walmart serves as a leading retailer in the United States, with its strategy predicated on superior operating efficiency and offering the lowest priced goods to consumers to drive robust store traffic and product turnover. Walmart augmented its low-price business strategy by offering a convenient one-stop shopping destination with the opening of its first supercenter in 1988.Today, Walmart operates over 4,600 stores in the United States (5,200 including Sam’s Club) and over 10,000 locations globally. Walmart generated over $460 billion in domestic namesake sales in fiscal 2025, with Sam’s Club contributing another $90 billion to the company's top line. Internationally, Walmart generated $120 billion in sales. The retailer serves around 270 million customers globally each week.


Founded

1969

HQ

United States of America
Employees

2100K+

Financials

LTM Revenue $686B

LTM EBITDA $43.0B

EV

$795B

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Walmart Financials

Walmart has a last 12-month revenue of $686B and a last 12-month EBITDA of $43.0B.

In the most recent fiscal year, Walmart achieved revenue of $681B and an EBITDA of $42.0B.

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

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Walmart P&L

FY 2023 FY 2024 FY 2025 LTM NTM
Revenue $611B $648B XXX XXX XXX
Gross Profit $148B $158B XXX XXX XXX
Gross Margin 24% 24% XXX XXX XXX
EBITDA $30.1B $36.4B XXX XXX XXX
EBITDA Margin 5% 6% XXX XXX XXX
Net Profit $11.7B $15.5B XXX XXX XXX
Net Margin 2% 2% XXX XXX XXX
Net Debt $30.6B $30.6B XXX XXX XXX

Financial data powered by Morningstar, Inc.

Walmart Stock Performance

As of April 14, 2025, Walmart's stock price is $93.

Walmart has current market cap of $744B, and EV of $795B.

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Walmart Stock Data

EV Market Cap Price 1D Price 1M Price 3M Price 12M EPS
$795B $744B XXX XXX XXX XXX $2.53

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Walmart Valuation Multiples

As of April 14, 2025, Walmart has market cap of $744B and EV of $795B.

Walmart's trades at 1.2x LTM EV/Revenue multiple, and 18.5x LTM EBITDA.

Analysts estimate Walmart's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Walmart Financial Valuation Multiples

FY 2024 FY 2025E FY 2026E FY 2027E
EV $795B XXX XXX XXX
EV/Revenue 1.2x XXX XXX XXX
EV/EBITDA 19.1x XXX XXX XXX
P/E 38.9x XXX XXX XXX
P/E/Growth 3.7x XXX XXX XXX
EV/FCF 61.8x XXX XXX XXX

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Walmart Valuation Multiples

Walmart's NTM/LTM revenue growth is 4%

Walmart's revenue per employee for the last fiscal year averaged $0.3M, while opex per employee averaged $0.1M for the same period.

Over next 12 months, Walmart's ratio of sales and marketing spend to revenue is estimated to be  XXX , while its R&D spend to revenue to be  XXX .

Analysts estimate Walmart's 2025E EV/Revenue multiple at  XXX and 2025E EV/EBITDA multiple at  XXX

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Walmart Operational Valuation Multiples

FY 2024 NTM FY 2025E FY 2026E FY 2027E
Revenue Growth 6% XXX XXX XXX XXX
EBITDA Margin 6% XXX XXX XXX XXX
EBITDA Growth 21% XXX XXX XXX XXX
Rule of 40 (SaaS-only) 10% XXX XXX XXX XXX
Revenue per Employee $0.3M XXX XXX XXX XXX
Opex per Employee $0.1M XXX XXX XXX XXX
S&M Expenses to Revenue n/a XXX XXX XXX XXX
G&A Expenses to Revenue n/a XXX XXX XXX XXX
R&D Expenses to Revenue n/a XXX XXX XXX XXX
Opex to Revenue 21% XXX XXX XXX XXX

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Walmart Public Comps

See public comps and valuation multiples for Department Stores and Supermarkets comps
EV/Revenue EV/EBITDA
2025E 2026E 2027E 2025E 2026E 2027E
Lulu Retail XXX XXX XXX XXX XXX XXX
Coles Group XXX XXX XXX XXX XXX XXX
Myer Holdings XXX XXX XXX XXX XXX XXX
Woolworths Group XXX XXX XXX XXX XXX XXX
Central Retail XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX
XXXXXXXX XXX XXX XXX XXX XXX XXX

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Walmart M&A and Investment Activity

Walmart acquired  XXX companies to date.

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

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Latest Acquisitions by Walmart

Acquired Company EV EV/Revenue EV/EBITDA
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX
XXXXXXXXX XXX XXX XXX

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About Walmart

When was Walmart founded? Walmart was founded in 1969.
Where is Walmart headquartered? Walmart is headquartered in United States of America.
How many employees does Walmart have? As of today, Walmart has 2100K+ employees.
Who is the CEO of Walmart? Walmart's CEO is Mr. C. Douglas McMillon.
Is Walmart publicy listed? Yes, Walmart is a public company listed on NYS.
What is the stock symbol of Walmart? Walmart trades under WMT ticker.
When did Walmart go public? Walmart went public in 1970.
Who are competitors of Walmart? Similar companies to Walmart include e.g. Lulu Retail, Coles Group, Myer Holdings, Woolworths Group.
What is the current market cap of Walmart? Walmart's current market cap is $744B
What is the current revenue of Walmart? Walmart's last 12-month revenue is $686B.
What is the current EBITDA of Walmart? Walmart's last 12-month EBITDA is $43.0B.
What is the current EV/Revenue multiple of Walmart? Current revenue multiple of Walmart is 1.2x.
What is the current EV/EBITDA multiple of Walmart? Current EBITDA multiple of Walmart is 18.5x.
What is the current revenue growth of Walmart? Walmart revenue growth between 2023 and 2024 was 6%.
Is Walmart profitable? Yes, Walmart is EBITDA-positive (as of the last 12 months).

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