Walmart Inc.(WMT)
Discount Stores · Bentonville, AR
$107.14-1.28 (-1.18%)
Delayed quote: Sep 4, 2026, 4:00 PM EDT
Discount Stores · Bentonville, AR
Delayed quote: Sep 4, 2026, 4:00 PM EDT
Basis: Trailing twelve months (TTM), to the latest fiscal quarter end. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the return on invested capital (ROIC) high or low?
The return on invested capital (ROIC) of 12.89% is 13% above its 5-year average of 11.44%, near the high end of its 5-year range (8.71%–13.52%).
As of the fiscal period ended Friday, July 31, 2026. 4.40% above its 12-month average of 12.34%.
Trailing-twelve-month return on invested capital at each fiscal quarter end; no daily interpolation.
RETURN ON INVESTED CAPITAL (ROIC)
12.89%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.34%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
12.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.44%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.88%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.51%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.84%
CURRENT VS TTM AVG
+4.40%
CURRENT VS 3Y AVG
+3.14%
CURRENT VS 5Y AVG
+12.65%
CURRENT VS 10Y AVG
+18.43%
CURRENT VS 15Y AVG
+11.96%
CURRENT VS 20Y AVG
+8.84%
SECTOR MEDIAN · CONSUMER DEFENSIVE
8.18%
median of 52 covered companies
CURRENT VS SECTOR MEDIAN
+57.45%
vs the sector median at left
Walmart Inc.
Market Cap
$852.63B
Return on Invested Capital (ROIC)
12.89%
TTM Avg
12.34%
3Y Avg
12.49%
5Y Avg
11.44%
Market Cap
$74.69B
Return on Invested Capital (ROIC)
11.35%
TTM Avg
10.53%
3Y Avg
11.02%
5Y Avg
12.78%
Market Cap
$406.11B
Return on Invested Capital (ROIC)
19.01%
TTM Avg
19.82%
3Y Avg
18.70%
5Y Avg
18.20%
Market Cap
$2.78T
Return on Invested Capital (ROIC)
8.48%
TTM Avg
12.01%
3Y Avg
9.06%
5Y Avg
9.07%
Market Cap
$35.89B
Return on Invested Capital (ROIC)
4.89%
TTM Avg
6.54%
3Y Avg
6.65%
5Y Avg
7.59%
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Walmart Inc. (WMT) | $852.63B | 12.89% | 12.34% | 12.49% | 11.44% |
| Target Corporation (TGT)vs › | $74.69B | 11.35% | 10.53% | 11.02% | 12.78% |
| Costco Wholesale Corporation (COST)vs › | $406.11B | 19.01% | 19.82% | 18.70% | 18.20% |
| Amazon.com, Inc. (AMZN)vs › | $2.78T | 8.48% | 12.01% | 9.06% | 9.07% |
| The Kroger Co. (KR)vs › | $35.89B | 4.89% | 6.54% | 6.65% | 7.59% |
| Dollar General Corporation (DG)vs › | $29.38B | 7.47% | 6.23% | 7.83% | 8.74% |
ROIC
12.9%
ROE
22.5%
ROIC = NOPAT / Invested Capital, where NOPAT = Operating Income × (1 − effective tax rate) and Invested Capital = Total Assets − (Current Liabilities − Short-Term Debt)
Return on invested capital measures the after-tax operating return a company earns on the capital invested in the business. TGMCharts computes it from reported statements: trailing-twelve-month operating income after tax, over invested capital at the latest balance sheet — total assets less the non-interest-bearing current liabilities (payables, accruals, deferred revenue) that fund them; short-term debt stays in the capital base. The tax rate is the period's own effective rate (income tax ÷ pretax income), capped at 45%; when pretax income is zero or negative, or the tax line is a net benefit, no tax is deducted — the operating figure is shown untaxed rather than adjusted by an assumed rate. Not shown for banks, insurers or funds.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-07-31 | 12.89% |
| 2026-04-30 | 12.02% |
| 2026-01-31 | 12.03% |
| 2025-10-31 | 11.99% |
| 2025-07-31 | 12.79% |
| 2025-04-30 | 13.52% |
| 2025-01-31 | 13.23% |
| 2024-10-31 | 13.02% |
| 2024-07-31 | 12.99% |
| 2024-04-30 | 12.55% |
| 2024-01-31 | 12.24% |
| 2023-10-31 | 10.66% |
| 2023-07-31 | 8.95% |
| 2023-04-30 | 9.07% |
| 2023-01-31 | 8.71% |
| 2022-10-31 | 9.25% |
| 2022-07-31 | 11.08% |
| 2022-04-30 | 11.02% |
| 2022-01-31 | 12.04% |
| 2021-10-31 | 9.99% |
| 2021-07-31 | 10.17% |
| 2021-04-30 | 9.94% |
| 2021-01-31 | 9.21% |
| 2020-10-31 | 9.97% |
| 2020-07-31 | 9.95% |
| 2020-04-30 | 9.82% |
| 2020-01-31 | 9.44% |
| 2019-10-31 | 9.45% |
| 2019-07-31 | 9.58% |
| 2019-04-30 | 8.63% |
| 2019-01-31 | 9.24% |
| 2018-10-31 | 8.80% |
| 2018-07-31 | 9.51% |
| 2018-04-30 | 11.08% |
| 2018-01-31 | 10.53% |
| 2017-10-31 | 11.01% |
| 2017-07-31 | 11.50% |
| 2017-04-30 | 12.03% |
| 2017-01-31 | 11.74% |
| 2016-10-31 | 11.91% |
| 2016-07-31 | 12.57% |
| 2016-04-30 | 12.31% |
| 2016-01-31 | 11.96% |
| 2015-10-31 | 12.09% |
| 2015-07-31 | 12.73% |
| 2015-04-30 | 13.16% |
| 2015-01-31 | 12.73% |
| 2014-10-31 | 12.03% |
| 2014-07-31 | 12.21% |
| 2014-04-30 | 12.60% |
| 2014-01-31 | 12.26% |
| 2013-10-31 | 12.92% |
| 2013-07-31 | 13.57% |
| 2013-04-30 | 13.63% |
| 2013-01-31 | 13.34% |
| 2012-10-31 | 12.99% |
| 2012-07-31 | 13.39% |
| 2012-04-30 | 13.37% |
| 2012-01-31 | 13.06% |
| 2011-10-31 | 12.72% |
| 2011-07-31 | 12.93% |
| 2011-04-30 | 13.39% |
| 2011-01-31 | 13.54% |
| 2010-10-31 | 12.95% |
| 2010-07-31 | 13.67% |
| 2010-04-30 | 13.62% |
| 2010-01-31 | 13.51% |
| 2009-10-31 | 12.33% |
| 2009-07-31 | 12.56% |
| 2009-04-30 | 13.28% |
| 2009-01-31 | 13.00% |
| 2008-10-31 | 12.76% |
| 2008-07-31 | 12.75% |
| 2008-04-30 | 12.48% |
| 2008-01-31 | 12.46% |
| 2007-10-31 | 12.04% |
| 2007-07-31 | 12.35% |
| 2007-04-30 | 12.61% |
| 2007-01-31 | 12.68% |
| 2006-10-31 | 12.40% |
| 2006-07-31 | 12.59% |
| 2006-04-30 | 13.04% |
| 2006-01-31 | 12.73% |
| 2005-10-31 | 12.95% |
| 2005-07-31 | 13.38% |
| 2005-04-30 | 13.65% |
| 2005-01-31 | 13.20% |
| 2004-10-31 | 12.90% |
| 2004-07-31 | 13.21% |
| 2004-04-30 | 13.22% |
| 2004-01-31 | 13.03% |
| 2003-10-31 | 12.86% |
| 2003-07-31 | 12.90% |