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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 Wednesday, June 10, 2026. It is below its 12-month average by 4.77% (12.46%).

WMT Return on Invested Capital (ROIC) Chart

WMT Return on Invested Capital (ROIC)
11.87%-9.11% 1Y
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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)

NAMEMARKET CAPRETURN ON INVESTED CAPITAL (ROIC)TTM3Y5Y
Walmart Inc. (WMT)$957.16B11.87%12.46%11.40%11.10%
Target Corporation (TGT)$57.99B9.76%10.43%10.92%12.67%
Costco Wholesale Corporation (COST)$435.79B19.44%19.91%18.76%18.24%
Amazon.com, Inc. (AMZN)$2.55T10.70%12.01%8.52%8.71%
The Kroger Co. (KR)$39.51B4.70%6.45%6.53%7.44%
Dollar General Corporation (DG)$24.71B6.64%5.87%7.40%8.26%

Capital Efficiency

ROIC

11.9%

ROE

24.4%

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

DATERETURN ON INVESTED CAPITAL (ROIC)
2026-01-3111.87%
2025-01-3113.06%
2024-01-3112.08%
2023-01-318.60%
2022-01-3111.89%
2021-01-319.10%
2020-01-319.31%
2019-01-319.19%
2018-01-3110.48%
2017-01-3111.69%
2016-01-3111.92%
2015-01-3112.70%
2014-01-3112.23%
2013-01-3113.28%
2012-01-3113.00%
2011-01-3113.51%
2010-01-3113.55%
2009-01-3112.95%
2008-01-3112.42%
2007-01-3112.64%
2006-01-3112.78%
2005-01-3113.42%
2004-01-3112.99%
2003-01-3112.65%
2002-01-3112.44%
2001-01-3112.86%
2000-01-3110.52%
1999-01-3111.96%
1998-01-3110.14%
1997-01-319.52%

About Walmart Inc.

Walmart Inc., established in 1945 and based in Bentonville, Arkansas, operates as a global retail powerhouse, having officially adopted its current name in February 2018, formerly Wal-Mart Stores, Inc. The company's diverse operations, encompassing retail, wholesale, and e-commerce, are managed across three primary divisions: Walmart U.S., Walmart International, and Sam's Club. Its extensive physical presence includes a variety of store formats such as supercenters, supermarkets, hypermarkets, membership-only warehouse clubs (like Sam's Club), cash-and-carry outlets, and discount stores, primarily operating under the Walmart and Walmart Neighborhood Market banners. Digitally, the company engages customers through numerous e-commerce platforms, including walmart.com.mx, walmart.ca, flipkart.com, and PhonePe, as well as via dedicated mobile applications. Walmart offers an exceptionally broad range of products and services. Its inventory covers groceries and daily consumables, such as dairy, meats, baked goods, deli items, fresh produce, various packaged foods (dry, chilled, or frozen), alcoholic and non-alcoholic beverages, floral items, snacks, candies, health and beauty aids, paper products, laundry and home care essentials, baby care, and pet supplies, alongside fuel and tobacco. Furthermore, it features a comprehensive health and wellness segment, providing pharmacy, optical, and hearing services, over-the-counter medications, and other medical products. For home and personal needs, shoppers can find items ranging from home improvement goods, outdoor living products, gardening supplies, furniture, apparel, and jewelry, to tools, power equipment, housewares, toys, seasonal items, mattresses, and automotive services like tire and battery centers. The electronics department includes consumer electronics, accessories, software, video games, office supplies, appliances, and third-party gift cards. Beyond merchandise, Walmart provides a suite of financial services. These include digital payment platforms, money transfer options, bill payment services, money orders, check cashing, prepaid access solutions, co-branded credit cards, installment lending, and earned wage access programs. The company also markets several proprietary brands, notably Allswell, Athletic Works, Equate, and Free Assembly.

Bentonville, AR
2,100,000 employees
Consumer Defensive / Discount Stores
Sector
Consumer Defensive
Industry
Discount Stores
CEO
John R. Furner