Walmart Inc. (WMT) Return on Invested Capital (ROIC): 11.87%
Is Walmart Inc.’s return on invested capital (roic) high or low?
Walmart Inc.'s return on invested capital (roic) of 11.87% is in line with its 5-year average of 11.10%, near the high end of its 5-year range (8.60%–13.06%).
The return on invested capital (roic) for Walmart Inc. (WMT) is 11.87% as of Tuesday, June 9, 2026. It is below its 12-month average by 4.77% (12.46%).
WMT Return on Invested Capital (ROIC) Chart
WMT Average Return on Invested Capital (ROIC) Chart
WMT Current vs Average Return on Invested Capital (ROIC) Chart
WMT Return on Invested Capital (ROIC) Metrics
RETURN ON INVESTED CAPITAL (ROIC)
11.87%
RETURN ON INVESTED CAPITAL (ROIC) AVG TTM
12.46%
RETURN ON INVESTED CAPITAL (ROIC) AVG 3Y
11.40%
RETURN ON INVESTED CAPITAL (ROIC) AVG 5Y
11.10%
RETURN ON INVESTED CAPITAL (ROIC) AVG 10Y
10.84%
RETURN ON INVESTED CAPITAL (ROIC) AVG 15Y
11.49%
RETURN ON INVESTED CAPITAL (ROIC) AVG 20Y
11.82%
CURRENT VS TTM AVG
-4.77%
CURRENT VS 3Y AVG
+4.10%
CURRENT VS 5Y AVG
+6.94%
CURRENT VS 10Y AVG
+9.55%
CURRENT VS 15Y AVG
+3.27%
CURRENT VS 20Y AVG
+0.41%
WMT Competitors' Return on Invested Capital (ROIC)
| NAME | MARKET CAP | RETURN ON INVESTED CAPITAL (ROIC) | TTM | 3Y | 5Y |
|---|---|---|---|---|---|
| Walmart Inc. (WMT) | — | 11.87% | 12.46% | 11.40% | 11.10% |
| Target Corporation (TGT) | $57.49B | 9.76% | 10.43% | 10.92% | 12.67% |
| Costco Wholesale Corporation (COST) | $429.55B | 19.44% | 19.91% | 18.76% | 18.24% |
| Amazon.com, Inc. (AMZN) | $2.63T | 10.70% | 12.01% | 8.52% | 8.71% |
| The Kroger Co. (KR) | $38.84B | 4.70% | 6.45% | 6.53% | 7.44% |
| Dollar General Corporation (DG) | $24.13B | 6.64% | 5.87% | 7.40% | 8.26% |
Capital Efficiency
ROIC
11.9%
ROE
22.0%
Walmart Inc. Return on Invested Capital (ROIC) Formula & Definition
ROIC = NOPAT / Invested Capital
Return on invested capital measures the after-tax return a company earns on all capital (debt and equity) invested in the business.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Walmart Inc. Return on Invested Capital (ROIC) FAQ
- What is the return on invested capital (roic) for Walmart Inc. (WMT)?
- The return on invested capital (roic) for WMT stock is 11.87%.
- Is Walmart Inc.'s return on invested capital (roic) high or low?
- Walmart Inc.'s return on invested capital (roic) of 11.87% is in line with its 5-year average of 11.10%, near the high end of its 5-year range (8.60%–13.06%).
- What is the TTM average return on invested capital (roic) for Walmart Inc. (WMT)?
- The TTM average return on invested capital (roic) for WMT stock is 12.46%.
- What is the 3Y average return on invested capital (roic) for Walmart Inc. (WMT)?
- The 3Y average return on invested capital (roic) for WMT stock is 11.40%.
- What is the 5Y average return on invested capital (roic) for Walmart Inc. (WMT)?
- The 5Y average return on invested capital (roic) for WMT stock is 11.10%.
- What is the 10Y average return on invested capital (roic) for Walmart Inc. (WMT)?
- The 10Y average return on invested capital (roic) for WMT stock is 10.84%.
- What is the 15Y average return on invested capital (roic) for Walmart Inc. (WMT)?
- The 15Y average return on invested capital (roic) for WMT stock is 11.49%.
- What is the 20Y average return on invested capital (roic) for Walmart Inc. (WMT)?
- The 20Y average return on invested capital (roic) for WMT stock is 11.82%.
Walmart Inc. Return on Invested Capital (ROIC) History
| DATE | RETURN ON INVESTED CAPITAL (ROIC) |
|---|---|
| 2026-01-31 | 11.87% |
| 2025-01-31 | 13.06% |
| 2024-01-31 | 12.08% |
| 2023-01-31 | 8.60% |
| 2022-01-31 | 11.89% |
| 2021-01-31 | 9.10% |
| 2020-01-31 | 9.31% |
| 2019-01-31 | 9.19% |
| 2018-01-31 | 10.48% |
| 2017-01-31 | 11.69% |
| 2016-01-31 | 11.92% |
| 2015-01-31 | 12.70% |
| 2014-01-31 | 12.23% |
| 2013-01-31 | 13.28% |
| 2012-01-31 | 13.00% |
| 2011-01-31 | 13.51% |
| 2010-01-31 | 13.55% |
| 2009-01-31 | 12.95% |
| 2008-01-31 | 12.42% |
| 2007-01-31 | 12.64% |
| 2006-01-31 | 12.78% |
| 2005-01-31 | 13.42% |
| 2004-01-31 | 12.99% |
| 2003-01-31 | 12.65% |
| 2002-01-31 | 12.44% |
| 2001-01-31 | 12.86% |
| 2000-01-31 | 10.52% |
| 1999-01-31 | 11.96% |
| 1998-01-31 | 10.14% |
| 1997-01-31 | 9.52% |