Walmart Inc. (WMT) — Cash Flow Reinvestment Rate
Latest as of April 2026:
1.41x
Walmart Inc. (WMT) has a Cash Flow Reinvestment Rate of 1.41x as of April 2026, reinvesting $6.68 Billion (capex $6.68 Billion ) from operating cash flow of $4.74 Billion. See WMT FCF generation index to measure how efficiently the company converts operating cash flow to free cash.
Reinvestment Rate
1.41x
(Capex + Investments) / Operating CF
Total Reinvested
$6.68 Billion
Capex + Investments
Operating Cash Flow
$4.74 Billion
USD
Capital Expenditures
$6.68 Billion
USD
Walmart Inc. Cash Flow Reinvestment Rate (1990–2026)
Historical reinvestment intensity for Walmart Inc. across 37 annual periods. For the full cash flow conversion analysis, see Walmart Inc. cash flow conversion.
Annual Cash Flow Reinvestment Rate for Walmart Inc. (1990–2026)
Year-by-year capital reinvestment analysis for Walmart Inc.. See Walmart Inc. (WMT) flexibility index to measure the company's free cash flow as a share of total liabilities.
| 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