Walmart Inc. (WMT) - Net Assets
Based on the latest financial reports, Walmart Inc. (WMT) has net assets worth $106.18 Billion USD as of January 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($284.67 Billion) and total liabilities ($178.49 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how resilient are Walmart Inc.'s assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $106.18 Billion |
| % of Total Assets | 37.3% |
| Annual Growth Rate | 11.68% |
| 5-Year Change | 15.55% |
| 10-Year Change | 31.84% |
| Growth Volatility | 11.45 |
Walmart Inc. - Net Assets Trend (1986–2026)
This chart illustrates how Walmart Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore how large is Walmart Inc.'s balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Walmart Inc. (1986–2026)
The table below shows the annual net assets of Walmart Inc. from 1986 to 2026. For live valuation and market cap data, see market value of Walmart Inc..
| Year | Net Assets | Change |
|---|---|---|
| 2026-01-31 | $106.18 Billion | +8.69% |
| 2025-01-31 | $97.69 Billion | +7.86% |
| 2024-01-31 | $90.57 Billion | +7.83% |
| 2023-01-31 | $83.99 Billion | -8.60% |
| 2022-01-31 | $91.89 Billion | +4.98% |
| 2021-01-31 | $87.53 Billion | +7.33% |
| 2020-01-31 | $81.55 Billion | +2.41% |
| 2019-01-31 | $79.63 Billion | -1.47% |
| 2018-01-31 | $80.82 Billion | +0.36% |
| 2017-01-31 | $80.53 Billion | -3.68% |
| 2016-01-31 | $83.61 Billion | -2.71% |
| 2015-01-31 | $85.94 Billion | +3.75% |
| 2014-01-31 | $82.83 Billion | +0.70% |
| 2013-01-31 | $82.26 Billion | +8.00% |
| 2012-01-31 | $76.17 Billion | +6.29% |
| 2011-01-31 | $71.66 Billion | -2.16% |
| 2010-01-31 | $73.24 Billion | +12.18% |
| 2009-01-31 | $65.28 Billion | +1.05% |
| 2008-01-31 | $64.61 Billion | +4.93% |
| 2007-01-31 | $61.57 Billion | +15.80% |
| 2006-01-31 | $53.17 Billion | +7.64% |
| 2005-01-31 | $49.40 Billion | +13.23% |
| 2004-01-31 | $43.62 Billion | +10.90% |
| 2003-01-31 | $39.34 Billion | +12.06% |
| 2002-01-31 | $35.10 Billion | +11.99% |
| 2001-01-31 | $31.34 Billion | +21.32% |
| 2000-01-31 | $25.83 Billion | +22.37% |
| 1999-01-31 | $21.11 Billion | +14.10% |
| 1998-01-31 | $18.50 Billion | +7.93% |
| 1997-01-31 | $17.14 Billion | +16.18% |
| 1996-01-31 | $14.76 Billion | +15.95% |
| 1995-01-31 | $12.73 Billion | +18.35% |
| 1994-01-31 | $10.75 Billion | +22.76% |
| 1993-01-31 | $8.76 Billion | +25.32% |
| 1992-01-31 | $6.99 Billion | +30.27% |
| 1991-01-31 | $5.37 Billion | +35.30% |
| 1990-01-31 | $3.97 Billion | +31.84% |
| 1989-01-31 | $3.01 Billion | +33.25% |
| 1988-01-31 | $2.26 Billion | +33.53% |
| 1987-01-31 | $1.69 Billion | +32.31% |
| 1986-01-31 | $1.28 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Walmart Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 9706.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (January 2026)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $104.77 Billion | 105.18% |
| Common Stock | $797.00 Million | 0.80% |
| Other Comprehensive Income | $-12.77 Billion | -12.82% |
| Other Components | $6.82 Billion | 6.84% |
| Total Equity | $99.62 Billion | 100.00% |
Walmart Inc. Competitors by Market Cap
The table below lists competitors of Walmart Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samsung Electronics Co Ltd
KO:005930
|
$1.10 Trillion |
|
Meta Platforms Inc.
NASDAQ:META
|
$1.32 Trillion |
|
Meta Platforms Inc.
SA:M1TA34
|
$1.41 Trillion |
|
Tesla Inc
NASDAQ:TSLA
|
$1.52 Trillion |
|
Walmart Inc
SA:WALM34
|
$1.03 Trillion |
|
Eli Lilly and Company
NYSE:LLY
|
$914.18 Billion |
|
Walmart Inc. Common Stock
NYSE:WMT
|
$898.72 Billion |
|
Eli Lilly and Company
SA:LILY34
|
$853.51 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Walmart Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 91,013,000,000 to 99,617,000,000, a change of 8,604,000,000 (9.5%).
- Net income of 21,893,000,000 contributed positively to equity growth.
- Dividend payments of 7,507,000,000 reduced retained earnings.
- Share repurchases of 8,088,000,000 reduced equity.
- Other comprehensive income increased equity by 835,000,000.
- Other factors increased equity by 1,471,000,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.89 Billion | +21.98% |
| Dividends Paid | $7.51 Billion | -7.54% |
| Share Repurchases | $8.09 Billion | -8.12% |
| Other Comprehensive Income | $835.00 Million | +0.84% |
| Other Changes | $1.47 Billion | +1.48% |
| Total Change | $- | 9.45% |
Book Value vs Market Value Analysis
This analysis compares Walmart Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 10.81x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 1287.96x to 10.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1986-01-31 | $0.10 | $134.20 | x |
| 1987-01-31 | $0.13 | $134.20 | x |
| 1988-01-31 | $0.17 | $134.20 | x |
| 1989-01-31 | $0.23 | $134.20 | x |
| 1990-01-31 | $0.29 | $134.20 | x |
| 1991-01-31 | $0.40 | $134.20 | x |
| 1992-01-31 | $0.51 | $134.20 | x |
| 1993-01-31 | $0.64 | $134.20 | x |
| 1994-01-31 | $0.78 | $134.20 | x |
| 1995-01-31 | $0.93 | $134.20 | x |
| 1996-01-31 | $1.07 | $134.20 | x |
| 1997-01-31 | $1.24 | $134.20 | x |
| 1998-01-31 | $1.36 | $134.20 | x |
| 1999-01-31 | $1.57 | $134.20 | x |
| 2000-01-31 | $1.92 | $134.20 | x |
| 2001-01-31 | $2.33 | $134.20 | x |
| 2002-01-31 | $2.61 | $134.20 | x |
| 2003-01-31 | $2.95 | $134.20 | x |
| 2004-01-31 | $3.33 | $134.20 | x |
| 2005-01-31 | $3.86 | $134.20 | x |
| 2006-01-31 | $4.23 | $134.20 | x |
| 2007-01-31 | $4.92 | $134.20 | x |
| 2008-01-31 | $5.29 | $134.20 | x |
| 2009-01-31 | $5.51 | $134.20 | x |
| 2010-01-31 | $6.30 | $134.20 | x |
| 2011-01-31 | $6.51 | $134.20 | x |
| 2012-01-31 | $7.31 | $134.20 | x |
| 2013-01-31 | $8.09 | $134.20 | x |
| 2014-01-31 | $8.41 | $134.20 | x |
| 2015-01-31 | $8.83 | $134.20 | x |
| 2016-01-31 | $8.66 | $134.20 | x |
| 2017-01-31 | $8.63 | $134.20 | x |
| 2018-01-31 | $8.95 | $134.20 | x |
| 2019-01-31 | $9.01 | $134.20 | x |
| 2020-01-31 | $9.48 | $134.20 | x |
| 2021-01-31 | $10.25 | $134.20 | x |
| 2022-01-31 | $10.92 | $134.20 | x |
| 2023-01-31 | $10.24 | $134.20 | x |
| 2024-01-31 | $11.17 | $134.20 | x |
| 2025-01-31 | $11.26 | $134.20 | x |
| 2026-01-31 | $12.42 | $134.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Walmart Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.98%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.07%
- • Asset Turnover: 2.51x
- • Equity Multiplier: 2.86x
- Recent ROE (21.98%) is above the historical average (20.15%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1986 | 25.63% | 3.87% | 2.73x | 2.43x | $199.73 Million |
| 1987 | 26.63% | 3.78% | 2.94x | 2.40x | $281.05 Million |
| 1988 | 27.80% | 3.93% | 3.11x | 2.27x | $401.87 Million |
| 1989 | 27.83% | 4.05% | 3.25x | 2.11x | $536.41 Million |
| 1990 | 27.13% | 4.17% | 3.15x | 2.07x | $679.34 Million |
| 1991 | 24.06% | 3.96% | 2.86x | 2.12x | $754.45 Million |
| 1992 | 23.01% | 3.67% | 2.84x | 2.21x | $909.53 Million |
| 1993 | 22.77% | 3.60% | 2.70x | 2.35x | $1.12 Billion |
| 1994 | 21.70% | 3.46% | 2.55x | 2.46x | $1.26 Billion |
| 1995 | 21.07% | 3.21% | 2.54x | 2.58x | $1.41 Billion |
| 1996 | 18.57% | 2.89% | 2.52x | 2.54x | $1.26 Billion |
| 1997 | 17.83% | 2.88% | 2.68x | 2.31x | $1.34 Billion |
| 1998 | 19.06% | 2.96% | 2.63x | 2.45x | $1.68 Billion |
| 1999 | 20.98% | 3.18% | 2.78x | 2.37x | $2.32 Billion |
| 2000 | 21.58% | 3.34% | 2.37x | 2.72x | $2.99 Billion |
| 2001 | 20.08% | 3.26% | 2.47x | 2.49x | $3.16 Billion |
| 2002 | 18.78% | 3.20% | 2.47x | 2.38x | $3.08 Billion |
| 2003 | 20.22% | 3.23% | 2.60x | 2.41x | $4.02 Billion |
| 2004 | 20.76% | 3.50% | 2.47x | 2.40x | $4.69 Billion |
| 2005 | 20.79% | 3.61% | 2.36x | 2.43x | $5.33 Billion |
| 2006 | 21.12% | 3.60% | 2.26x | 2.60x | $5.91 Billion |
| 2007 | 18.33% | 3.24% | 2.31x | 2.46x | $5.13 Billion |
| 2008 | 19.70% | 3.38% | 2.31x | 2.53x | $6.27 Billion |
| 2009 | 20.50% | 3.31% | 2.47x | 2.50x | $6.85 Billion |
| 2010 | 19.62% | 3.52% | 2.39x | 2.33x | $7.05 Billion |
| 2011 | 22.87% | 3.89% | 2.34x | 2.52x | $9.22 Billion |
| 2012 | 20.61% | 3.52% | 2.31x | 2.54x | $8.08 Billion |
| 2013 | 20.67% | 3.63% | 2.31x | 2.47x | $8.77 Billion |
| 2014 | 19.34% | 3.36% | 2.33x | 2.47x | $7.74 Billion |
| 2015 | 19.04% | 3.37% | 2.38x | 2.37x | $7.77 Billion |
| 2016 | 17.57% | 3.05% | 2.42x | 2.39x | $6.33 Billion |
| 2017 | 16.94% | 2.81% | 2.44x | 2.47x | $5.59 Billion |
| 2018 | 12.20% | 1.97% | 2.45x | 2.53x | $1.78 Billion |
| 2019 | 8.38% | 1.30% | 2.35x | 2.75x | $-1.29 Billion |
| 2020 | 18.25% | 2.84% | 2.22x | 2.90x | $6.73 Billion |
| 2021 | 15.43% | 2.42% | 2.21x | 2.88x | $4.76 Billion |
| 2022 | 14.88% | 2.39% | 2.34x | 2.66x | $4.48 Billion |
| 2023 | 13.91% | 1.91% | 2.51x | 2.90x | $3.28 Billion |
| 2024 | 17.13% | 2.39% | 2.57x | 2.79x | $6.45 Billion |
| 2025 | 21.36% | 2.85% | 2.61x | 2.87x | $10.33 Billion |
| 2026 | 21.98% | 3.07% | 2.51x | 2.86x | $11.93 Billion |
Industry Comparison
This section compares Walmart Inc.'s net assets metrics with peer companies in the Discount Stores industry.
Industry Context
- Industry: Discount Stores
- Average net assets among peers: $10,258,329,556
- Average return on equity (ROE) among peers: 14.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Walmart Inc. (WMT) | $106.18 Billion | 25.63% | 1.68x | $1.04 Trillion |
| BJs Wholesale Club Holdings Inc (BJ) | $1.85 Billion | 28.93% | 2.82x | $12.78 Billion |
| Costco Wholesale Corp (COST) | $616.30 Million | 20.35% | 0.94x | $434.25 Billion |
| Dollar General Corporation (DG) | $2.70 Billion | -0.47% | 2.20x | $22.78 Billion |
| Dollar Tree Inc (DLTR) | $7.29 Billion | 18.42% | 1.84x | $17.64 Billion |
| Ollie's Bargain Outlet Hldg (OLLI) | $796.46 Million | 16.02% | 0.30x | $4.59 Billion |
| PriceSmart Inc (PSMT) | $375.84 Million | 16.18% | 0.77x | $4.89 Billion |
| BBB Foods Inc. (TBBB) | $-4.71 Billion | 0.00% | 0.00x | $2.25 Billion |
| Target Corporation (TGT) | $1.86 Billion | 15.42% | 2.51x | $52.60 Billion |
| Walmart Inc. Common Stock (WMT) | $81.55 Billion | 18.25% | 1.90x | $898.72 Billion |
About Walmart Inc.
Walmart Inc. engages in the operation of retail and wholesale stores and clubs, ecommerce websites, and mobile applications worldwide. The company operates through three segments: Walmart U.S., Walmart International, and Sam's Club U.S. It operates supercenters, supermarkets, warehouse clubs, cash and carry stores, and discount stores under Walmart and Walmart Neighborhood Market brands; membersh… Read more