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Walmart Inc.

WMT Consumer Defensive Discount Stores

Walmart Inc.’s revenue for fiscal 2026 (year ended January 2026) was $713.2 billion, up 4.73% from fiscal 2025. In the quarter to July 2026, revenue grew 5.94%, EPS fell 9.09%, free cash flow grew 15.8% and total debt rose 14.0%, each against the same quarter a year earlier. Member of the S&P 500, Nasdaq 100 and Dow Jones; dividend growth for ten consecutive years, revenue growth for ten, operating cash flow growth for three.

119.23 1.89 −1.56%
Market cap
$960.9B
P/E
43.7×
Fwd P/E
41.3×
Dividend yield
1.01%
F-score
7/9
Altman Z
6.46
Beneish M
−2.71
Dividend safety
79/100
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Walmart Inc. (WMT) Piotroski F-score

Alert me on Piotroski F-score

Walmart Inc.'s Piotroski F-score for fiscal 2026 is 7 out of 9: 7 of nine tests of profitability, leverage and efficiency passed, down from 8 in fiscal 2025.

Piotroski F-score, annual

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Annual newest first

Period Piotroski F-score Change (points)
FY2026 7 (1.00)
FY2025 8 0.00
FY2024 8 3.00
FY2023 5 (2.00)
FY2022 7 0.00
FY2021 7 1.00
FY2020 6 1.00
FY2019 5 (1.00)
FY2018 6 (1.00)
FY2017 7 —

How fiscal 2026’s score is made up

Test This year Year before Result Points
Positive return on assets 8.03% 7.57% Pass 1
Positive operating cash flow 41.57b 36.44b Pass 1
Rising return on assets 8.03% 7.57% Pass 1
Cash flow above net income 19.67b 17.01b Pass 1
Falling long-term leverage 0.15 0.15 Pass 1
Rising current ratio 0.79 0.82 Fail 0
No new shares issued 7,983,000,000 8,041,000,000 Pass 1
Rising gross margin 24.93% 24.85% Pass 1
Rising asset turnover 2.61 2.65 Fail 0
Piotroski F-score Strong — most fundamentals improved 7

How the Piotroski F-score works

One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.

Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:

7–9Strong — most fundamentals improved
4–6Mixed
0–3Weak — most fundamentals deteriorated

Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.

Piotroski F-score against peers

Company Piotroski F-score
DLTR Dollar Tree, Inc. compare 8
OLLI Ollie's Bargain Outlet Holdings, Inc. compare 8
BJ BJ's Wholesale Club Holdings, Inc. compare 8
COST Costco Wholesale Corporation compare 7
DG Dollar General Corporation compare 7
WMT Walmart Inc. 7
PSMT PriceSmart, Inc. compare 6
TGT Target Corporation compare 6
TBBB BBB Foods Inc. compare 2

What Piotroski F-score is

The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.

One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover

The full definition of Piotroski F-score →

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