Walmart Inc. (WMT) — Cash Flow Reinvestment Rate

Latest as of January 2026: 0.58x

Walmart Inc. (WMT) has a Cash Flow Reinvestment Rate of 0.58x as of January 2026, reinvesting $8.14 Billion (capex $8.02 Billion plus investments $128.00 Million) from operating cash flow of $14.11 Billion. Explore Walmart Inc. capex to cash flow ratio to see what proportion of operating cash flow is directed to capital expenditures.

Reinvestment Rate

0.58x
(Capex + Investments) / Operating CF

Total Reinvested

$8.14 Billion
Capex + Investments

Operating Cash Flow

$14.11 Billion
USD

Capital Expenditures

$8.02 Billion
USD

Walmart Inc. Cash Flow Reinvestment Rate (1990–2026)

Historical reinvestment intensity for Walmart Inc. across 37 annual periods. Also explore total assets of Walmart Inc. for the complete picture of this company's asset base.

Annual Cash Flow Reinvestment Rate for Walmart Inc. (1990–2026)

Year-by-year capital reinvestment analysis for Walmart Inc.. For live market cap and broader valuation context, see market cap of Walmart Inc..

Year Reinvestment Rate Total Reinvested (USD) Operating CF Capex YoY Change
2026 0.66x $27.57 Billion $41.56 Billion $26.64 Billion ▼ -46.5%
2025 1.24x $45.16 Billion $36.44 Billion $23.78 Billion ▲ +5.7%
2024 1.17x $41.89 Billion $35.73 Billion $20.61 Billion ▼ -1.3%
2023 1.19x $34.58 Billion $29.10 Billion $16.86 Billion ▲ +50.3%
2022 0.79x $19.12 Billion $24.18 Billion $13.11 Billion ▲ +40.3%
2021 0.56x $20.34 Billion $36.07 Billion $10.26 Billion ▼ -28.2%
2020 0.79x $19.83 Billion $25.25 Billion $10.71 Billion ▼ -36.6%
2019 1.24x $34.38 Billion $27.75 Billion $10.34 Billion ▲ +83.7%
2018 0.67x $19.11 Billion $28.34 Billion $10.05 Billion ▼ -13.2%
2017 0.78x $24.61 Billion $31.67 Billion $10.62 Billion ▲ +60.0%
2016 0.49x $13.38 Billion $27.55 Billion $11.48 Billion ▼ -1.5%
2015 0.49x $14.07 Billion $28.56 Billion $12.17 Billion ▼ -12.6%
2014 0.56x $13.12 Billion $23.26 Billion $13.12 Billion ▲ +11.9%
2013 0.50x $12.90 Billion $25.59 Billion $12.90 Billion ▼ -9.5%
2012 0.56x $13.51 Billion $24.25 Billion $13.51 Billion ▲ +3.7%
2011 0.54x $12.70 Billion $23.64 Billion $12.70 Billion ▲ +15.7%
2010 0.46x $12.18 Billion $26.25 Billion $12.18 Billion ▼ -6.6%
2009 0.50x $11.50 Billion $23.15 Billion $11.50 Billion ▼ -32.3%
2008 0.73x $14.94 Billion $20.35 Billion $14.94 Billion ▼ -5.5%
2007 0.78x $15.67 Billion $20.16 Billion $15.67 Billion ▼ -5.9%
2006 0.83x $14.56 Billion $17.63 Billion $14.56 Billion ▼ -3.6%
2005 0.86x $12.89 Billion $15.04 Billion $12.89 Billion ▲ +33.0%
2004 0.64x $10.31 Billion $16.00 Billion $10.31 Billion ▼ -10.4%
2003 0.72x $9.36 Billion $13.01 Billion $9.36 Billion ▼ -12.0%
2002 0.82x $8.38 Billion $10.26 Billion $8.38 Billion ▼ -2.4%
2001 0.84x $8.04 Billion $9.60 Billion $8.04 Billion ▲ +11.0%
2000 0.75x $6.18 Billion $8.19 Billion $6.18 Billion ▲ +53.2%
1999 0.49x $3.73 Billion $7.58 Billion $3.73 Billion ▲ +33.1%
1998 0.37x $2.64 Billion $7.12 Billion $2.64 Billion ▼ -17.0%
1997 0.45x $2.64 Billion $5.93 Billion $2.64 Billion ▼ -70.2%
1996 1.50x $3.57 Billion $2.38 Billion $3.57 Billion ▲ +16.5%
1995 1.28x $3.73 Billion $2.91 Billion $3.73 Billion ▼ -36.9%
1994 2.04x $4.47 Billion $2.20 Billion $4.47 Billion ▼ -31.1%
1993 2.96x $3.78 Billion $1.28 Billion $3.78 Billion ▲ +59.9%
1992 1.85x $2.51 Billion $1.36 Billion $2.51 Billion ▲ +47.7%
1991 1.25x $1.62 Billion $1.30 Billion $1.62 Billion ▲ +13.8%
1990 1.10x $954.60 Million $866.80 Million $954.60 Million
Cash Flow Reinvestment Rate = (ABS(Capex) + ABS(Investments)) / Operating Cash Flow