Walmart Inc. Common Stock (WMT) — Capital Reinvestment Ratio
Latest as of October 2025:
1.10x
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). See Walmart Inc. Common Stock free cash flow efficiency to measure how efficiently the company converts operating cash flow to free cash.
Capital Reinvestment Ratio
1.10x
Capex / Operating Cash Flow
Operating Cash Flow
$9.10 Billion
USD
Capital Expenditures
$9.97 Billion
USD
Data as of
Oct 2025
Most recent filing
Walmart Inc. Common Stock Capital Reinvestment Ratio (1990–2025)
This chart tracks Walmart Inc. Common Stock's Capital Reinvestment Ratio across 36 annual periods.
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. For live market cap and broader valuation context, see Walmart Inc. Common Stock (WMT) total market value.
| 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 | — |
Capital Reinvestment Ratio = ABS(Capital Expenditures) / Operating Cash Flow