Walmart Inc. (WMT) — Capital Reinvestment Ratio
Walmart Inc. (WMT) has a Capital Reinvestment Ratio of 0.57x as of January 2026, meaning it reinvests 1% of its operating cash flow ($14.11 Billion) in capital expenditures ($8.02 Billion). See WMT equity to assets ratio to measure how much of total assets are equity-financed.
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. Check Walmart Inc. total reinvestment intensity to assess the company's total reinvestment commitment from operating cash flow.
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 market value of Walmart Inc..
| 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 | — |