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Asset Utilization RatioAssets AverageDebt RatioDebt to EquityEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginFCF Payout RatioGross MarginInterest Coverage RatioInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on SalesTimes Interest Earned

Walmart (WMT) Return on Invested Capital (2016 - 2026)

Walmart's Return on Invested Capital history spans 17 years, with the latest figure at 0.22% for Q4 2025.

  • For Q4 2025, Return on Invested Capital fell 1.0% year-over-year to 0.22%; the TTM value through Oct 2025 reached 0.22%, down 1.0%, while the annual FY2025 figure was 0.18%, 2.0% up from the prior year.
  • Return on Invested Capital for Q4 2025 was 0.22% at Walmart, down from 0.23% in the prior quarter.
  • Across five years, Return on Invested Capital topped out at 0.23% in Q4 2024 and bottomed at 0.11% in Q1 2021.
  • The 5-year median for Return on Invested Capital is 0.19% (2021), against an average of 0.18%.
  • The largest YoY upside for Return on Invested Capital was 6bps in 2021 against a maximum downside of -4bps in 2021.
  • A 5-year view of Return on Invested Capital shows it stood at 0.18% in 2021, then decreased by -5bps to 0.17% in 2022, then rose by 24bps to 0.21% in 2023, then rose by 9bps to 0.23% in 2024, then fell by -3bps to 0.22% in 2025.
  • Per Business Quant, the three most recent readings for WMT's Return on Invested Capital are 0.22% (Q4 2025), 0.23% (Q3 2025), and 0.21% (Q2 2025).