Walmart Inc. (WMT) — Capital Reinvestment Ratio
Latest as of April 2026:
1.41x
Walmart Inc. (WMT) has a Capital Reinvestment Ratio of 1.41x as of April 2026, meaning it reinvests 1% of its operating cash flow ($4.74 Billion) in capital expenditures ($6.68 Billion). See Walmart Inc. free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.41x
Capex / Operating Cash Flow
Operating Cash Flow
$4.74 Billion
USD
Capital Expenditures
$6.68 Billion
USD
Data as of
Apr 2026
Most recent filing
Walmart Inc. Capital Reinvestment Ratio (1990–2026)
This chart tracks Walmart Inc.'s Capital Reinvestment Ratio across 37 annual periods.
Annual Capital Reinvestment Ratio for Walmart Inc. (1990–2026)
Year-by-year Capital Reinvestment Ratio for Walmart Inc. from 1990 to 2026. For live market cap and broader valuation context, see Walmart Inc. (WMT) total market value.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 2026 | 0.64x | $41.56 Billion | $26.64 Billion | ▼ -1.8% |
| 2025 | 0.65x | $36.44 Billion | $23.78 Billion | ▲ +13.1% |
| 2024 | 0.58x | $35.73 Billion | $20.61 Billion | ▼ -0.4% |
| 2023 | 0.58x | $29.10 Billion | $16.86 Billion | ▲ +6.9% |
| 2022 | 0.54x | $24.18 Billion | $13.11 Billion | ▲ +90.5% |
| 2021 | 0.28x | $36.07 Billion | $10.26 Billion | ▼ -32.9% |
| 2020 | 0.42x | $25.25 Billion | $10.71 Billion | ▲ +13.7% |
| 2019 | 0.37x | $27.75 Billion | $10.34 Billion | ▲ +5.1% |
| 2018 | 0.35x | $28.34 Billion | $10.05 Billion | ▲ +5.8% |
| 2017 | 0.34x | $31.67 Billion | $10.62 Billion | ▼ -19.5% |
| 2016 | 0.42x | $27.55 Billion | $11.48 Billion | ▼ -2.3% |
| 2015 | 0.43x | $28.56 Billion | $12.17 Billion | ▼ -24.4% |
| 2014 | 0.56x | $23.26 Billion | $13.12 Billion | ▲ +11.9% |
| 2013 | 0.50x | $25.59 Billion | $12.90 Billion | ▼ -9.5% |
| 2012 | 0.56x | $24.25 Billion | $13.51 Billion | ▲ +3.7% |
| 2011 | 0.54x | $23.64 Billion | $12.70 Billion | ▲ +15.7% |
| 2010 | 0.46x | $26.25 Billion | $12.18 Billion | ▼ -6.6% |
| 2009 | 0.50x | $23.15 Billion | $11.50 Billion | ▼ -32.3% |
| 2008 | 0.73x | $20.35 Billion | $14.94 Billion | ▼ -5.5% |
| 2007 | 0.78x | $20.16 Billion | $15.67 Billion | ▼ -5.9% |
| 2006 | 0.83x | $17.63 Billion | $14.56 Billion | ▼ -3.6% |
| 2005 | 0.86x | $15.04 Billion | $12.89 Billion | ▲ +33.0% |
| 2004 | 0.64x | $16.00 Billion | $10.31 Billion | ▼ -10.4% |
| 2003 | 0.72x | $13.01 Billion | $9.36 Billion | ▼ -12.0% |
| 2002 | 0.82x | $10.26 Billion | $8.38 Billion | ▼ -2.4% |
| 2001 | 0.84x | $9.60 Billion | $8.04 Billion | ▲ +11.0% |
| 2000 | 0.75x | $8.19 Billion | $6.18 Billion | ▲ +53.2% |
| 1999 | 0.49x | $7.58 Billion | $3.73 Billion | ▲ +33.1% |
| 1998 | 0.37x | $7.12 Billion | $2.64 Billion | ▼ -17.0% |
| 1997 | 0.45x | $5.93 Billion | $2.64 Billion | ▼ -70.2% |
| 1996 | 1.50x | $2.38 Billion | $3.57 Billion | ▲ +16.5% |
| 1995 | 1.28x | $2.91 Billion | $3.73 Billion | ▼ -36.9% |
| 1994 | 2.04x | $2.20 Billion | $4.47 Billion | ▼ -31.1% |
| 1993 | 2.96x | $1.28 Billion | $3.78 Billion | ▲ +59.9% |
| 1992 | 1.85x | $1.36 Billion | $2.51 Billion | ▲ +47.7% |
| 1991 | 1.25x | $1.30 Billion | $1.62 Billion | ▲ +13.8% |
| 1990 | 1.10x | $866.80 Million | $954.60 Million | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow