Walmart Inc. Common Stock (WMT) — Capital Reinvestment Ratio
Walmart Inc. Common Stock (WMT) has a Capital Reinvestment Ratio of 1.10x as of October 2025, meaning it reinvests 1% of its operating cash flow ($9.10 Billion) in capital expenditures ($9.97 Billion). Check Walmart Inc. Common Stock (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. Common Stock Capital Reinvestment Ratio (1990–2025)
This chart tracks Walmart Inc. Common Stock's Capital Reinvestment Ratio across 36 annual periods. For the full cash flow conversion analysis, see WMT cash generation efficiency.
Annual Capital Reinvestment Ratio for Walmart Inc. Common Stock (1990–2025)
Year-by-year Capital Reinvestment Ratio for Walmart Inc. Common Stock from 1990 to 2025. See cash generation quality of Walmart Inc. Common Stock to measure how efficiently the company converts operating cash flow to free cash.
| Year | Reinvestment Ratio | Operating CF (USD) | Capital Expenditures | YoY Change |
|---|---|---|---|---|
| 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 | — |