Walmart (WMT) Return on Capital Employed [ROCE] (2009 - 2026)
Walmart's Return on Capital Employed [ROCE] was 18.33% in fiscal Q2 2027 (quarter ended Jul 31, 2026), up 0.55 percentage points from 17.78% a year earlier and up 0.84 percentage points from the prior quarter.
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Analysis
Walmart (WMT) Return on Capital Employed [ROCE] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Return on Capital Employed [ROCE] at Walmart came in at 18.05%, down 0.29 percentage points from FY2025.
- Return on Capital Employed [ROCE] shows a five-year change of +3.20 percentage points (FY2021 to FY2026).
- In earlier fiscal years, Return on Capital Employed [ROCE] was 18.34% in FY2025 (+0.96 pp), 17.38% in FY2024 (+3.93 pp), 13.45% in FY2023 (-2.63 pp) and 16.08% in FY2022 (+1.23 pp).
- The fiscal Q2 2027 figure marks the highest quarterly Return on Capital Employed [ROCE] since fiscal Q1 2026.
- Compared with a year earlier, Return on Capital Employed [ROCE] was higher in five of the last eight quarters, with an average year-over-year change of +0.21 percentage points.
- The best year-over-year quarter for Return on Capital Employed [ROCE] over five years was fiscal Q2 2025 (a gain of 3.30 percentage points); the worst was fiscal Q4 2023 (a drop of 3.14 percentage points).
- Per Business Quant data, WMT's Return on Capital Employed [ROCE] in the three fiscal quarters before Q2 2027 was 17.49% (Q1 2027), 16.64% (Q4 2026) and 17.67% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 996.08 Bn | 958.78 Bn | 49.13 Bn | 18.33% |
| 2 | Costco Wholesale | 472.58 Bn | 395.86 Bn | 12.19 Bn | 26.69% |
| 3 | Kroger | 40.51 Bn | 26.67 Bn | 7.86 Bn | 5.16% |
| 4 | Sysco | 38.21 Bn | 30.14 Bn | 4.05 Bn | 14.96% |
| 5 | Dollar General | 30.30 Bn | 24.97 Bn | 3.68 Bn | 9.89% |
| 6 | Dollar Tree | 26.43 Bn | 23.05 Bn | 2.10 Bn | 20.72% |
| 7 | Caseys General Stores | 25.82 Bn | 23.81 Bn | 1.24 Bn | 20.28% |
| 8 | US Foods Holding | 23.58 Bn | 23.38 Bn | 1.90 Bn | 13.11% |
| 9 | Tractor Supply | 19.47 Bn | 18.63 Bn | 1.42 Bn | 14.29% |
| 10 | Performance Food | 17.40 Bn | 17.18 Bn | 2.19 Bn | 6.01% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 18.33% |
| Apr 30, 2026 | 17.49% |
| Jan 31, 2026 | 16.64% |
| Oct 31, 2025 | 17.67% |
| Jul 31, 2025 | 17.78% |
| Apr 30, 2025 | 18.68% |
| Jan 31, 2025 | 17.73% |
| Oct 31, 2024 | 18.38% |
| Jul 31, 2024 | 17.76% |
| Apr 30, 2024 | 17.57% |
| Jan 31, 2024 | 16.53% |
| Oct 31, 2023 | 16.56% |
| Jul 31, 2023 | 14.46% |
| Apr 30, 2023 | 14.37% |
| Jan 31, 2023 | 13.33% |
| Oct 31, 2022 | 14.21% |
| Jul 31, 2022 | 16.25% |
| Apr 30, 2022 | 16.35% |
| Jan 31, 2022 | 16.47% |
| Oct 31, 2021 | 16.58% |
API Access
Walmart Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "WMT", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();