Walmart Inc. (WMT) — Capital Reinvestment Ratio
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). Check Walmart Inc. (WMT) tangible net worth to evaluate the tangible quality of the company's equity base.
Capital Reinvestment Ratio
Operating Cash Flow
Capital Expenditures
Data as of
Walmart Inc. Capital Reinvestment Ratio (1990–2026)
This chart tracks Walmart Inc.'s Capital Reinvestment Ratio across 37 annual periods. For the full cash flow conversion analysis, see WMT cash generation efficiency.
Annual Capital Reinvestment Ratio for Walmart Inc. (1990–2026)
Year-by-year Capital Reinvestment Ratio for Walmart Inc. from 1990 to 2026. See cash generation quality of Walmart Inc. to measure how efficiently the company converts operating cash flow to free cash.
| 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 | — |