Tencent Holdings Limited (TCEHY) vs Walmart Inc. (WMT)
A side-by-side comparison of Tencent Holdings Limited and Walmart Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 10, 2026. Differences are shown without an overall score or investment verdict.
Different business models: TCEHY is classified in Communication Services; WMT is classified in Consumer Defensive. Margin, capital intensity, and valuation differences should be interpreted in that sector context.
TCEHY
Tencent Holdings Limited
$54.55Communication ServicesDelayed quote: Sep 11, 2026, 4:00 PM EDT
WMT
Walmart Inc.
$107.15Consumer DefensiveDelayed quote: Sep 11, 2026, 4:00 PM EDT
Total return — TCEHY vs WMT
growth of $100 · dividends reinvested · last 10yTCEHY +121.6% (+8.3%/yr)WMT +420.6% (+17.9%/yr)WMT compounded faster over this window
TCEHY WMT
TCEHY vs WMT: by the numbers
- •WMT is the larger company ($852.71B vs $491.57B market cap).
- •TCEHY trades at the lower trailing earnings multiple (14.97 vs 38.68 P/E), one valuation lens rather than an overall verdict.
- •TCEHY converts more revenue to profit (29.83% vs 3.00% net margin).
- •TCEHY grew revenue faster over the past five years (6.83% vs 5.38% CAGR).
- •TCEHY pays the higher dividend yield (1.23% vs 0.92%).
Metrics side by side
Valuation
| Metric | TCEHY | WMT |
|---|---|---|
| P/E ratio | 14.97 | 38.68 |
| Forward P/E | N/A | 37.07 |
| P/S ratio | 4.36 | 1.16 |
| P/B ratio | 2.94 | 8.68 |
| EV / EBITDA | 11.31 | 19.31 |
| FCF yield | 5.21% | 1.58% |
Profitability
| Metric | TCEHY | WMT |
|---|---|---|
| Gross margin | 55.66% | 25.23% |
| Operating margin | 32.48% | 4.39% |
| Net margin | 29.83% | 3.00% |
| ROE | 20.11% | 22.47% |
| ROIC | 11.92% | 12.89% |
Dividends
| Metric | TCEHY | WMT |
|---|---|---|
| Dividend yield | 1.23% | 0.92% |
| Payout ratio | 18.51% | 35.29% |
Growth (annualized)
| Metric | TCEHY | WMT |
|---|---|---|
| Revenue CAGR (5Y) | 6.83% | 5.38% |
| EPS CAGR (5Y) | 5.91% | 10.95% |
| FCF CAGR (5Y) | 2.93% | -5.40% |
| Total return CAGR (5Y) | -0.93% | 18.21% |
Frequently asked
- Which has the lower trailing P/E, TCEHY or WMT?
- TCEHY has the lower trailing P/E: TCEHY trades at 14.97 and WMT at 38.68. P/E is one valuation measure and does not by itself establish which business is cheaper.
- Which has grown faster, TCEHY or WMT?
- Over the past five years, TCEHY grew revenue faster — TCEHY at a 6.83% CAGR versus WMT at 5.38%.
- Does TCEHY or WMT pay a bigger dividend?
- TCEHY yields 1.23% and WMT yields 0.92% based on trailing dividends and the latest price.
- Is TCEHY or WMT more profitable?
- TCEHY runs the higher net margin — TCEHY at 29.83% versus WMT at 3.00%.
- How have TCEHY and WMT total returns compared?
- Over the past 10 years, TCEHY delivered 8.51% and WMT delivered 18.23% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Tencent P/E ratioWalmart P/E ratioTencent dividend yieldWalmart dividend yieldTencent ROEWalmart ROETencent operating marginWalmart operating marginTencent revenue growthWalmart revenue growthTencent free cash flowWalmart free cash flow
Tencent & Walmart appear in these rankings
25+ Year Dividend GrowersHighest Operating Margin StocksHighest FCF Yield StocksHighest 10-Year Total Return Stocks
Related comparisons
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 10, 2026.