Walmart (WMT) Return on Invested Capital [ROIC] (2009 - 2026)
Walmart (WMT) recorded Return on Invested Capital [ROIC] of 16.14% in fiscal Q2 2027 (quarter ended Jul 31, 2026), down 0.06 percentage points from 16.20% a year earlier but up 1.08 percentage points from the prior quarter.
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Analysis
Walmart (WMT) Return on Invested Capital [ROIC] (2009 - 2026) Analysis & Trends
For FY2026 (ended Jan 31, 2026), Walmart reported Return on Invested Capital [ROIC] of 15.70%, down 1.12 percentage points from FY2025.
- Annual Return on Invested Capital [ROIC] has a five-year change of +4.28 percentage points (FY2021 to FY2026).
- Across earlier fiscal years, Return on Invested Capital [ROIC] came in at 16.82% in FY2025 (+0.97 pp), 15.85% in FY2024 (+5.13 pp), 10.72% in FY2023 (-4.05 pp) and 14.76% in FY2022 (+3.35 pp).
- Quarterly Return on Invested Capital [ROIC] has ranged from 10.87% in fiscal Q4 2023 to 16.75% in fiscal Q1 2026 over the past five years.
- On a year-over-year basis, Return on Invested Capital [ROIC] has declined for five consecutive quarters, with an average year-over-year change of +0.11 percentage points over the last eight quarters.
- Peak year-over-year performance for Return on Invested Capital [ROIC] in the last five years was a gain of 4.68 percentage points in fiscal Q2 2025, against a drop of 4.05 percentage points in fiscal Q4 2023 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at 15.05% (Q1 2027), 15.06% (Q4 2026) and 15.36% (Q3 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROIC (Qtr) |
|---|---|---|---|---|---|
| 1 | Walmart | 827.17 Bn | 789.87 Bn | 49.13 Bn | 16.14% |
| 2 | Costco Wholesale | 408.32 Bn | 337.62 Bn | 9.01 Bn | 21.94% |
| 3 | Sysco | 37.11 Bn | 31.36 Bn | 4.13 Bn | 14.70% |
| 4 | Kroger | 34.86 Bn | 21.01 Bn | 7.86 Bn | 5.65% |
| 5 | Dollar General | 26.24 Bn | 20.91 Bn | 3.68 Bn | 13.65% |
| 6 | Caseys General Stores | 22.83 Bn | 20.83 Bn | 1.24 Bn | 18.51% |
| 7 | Dollar Tree | 21.05 Bn | 17.67 Bn | 2.10 Bn | 25.93% |
| 8 | US Foods Holding | 20.97 Bn | 20.76 Bn | 1.92 Bn | 9.89% |
| 9 | Tractor Supply | 16.22 Bn | 15.39 Bn | 1.68 Bn | 22.62% |
| 10 | Performance Food | 14.65 Bn | 14.43 Bn | 2.17 Bn | 6.65% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jul 31, 2026 | 16.14% |
| Apr 30, 2026 | 15.05% |
| Jan 31, 2026 | 15.06% |
| Oct 31, 2025 | 15.36% |
| Jul 31, 2025 | 16.20% |
| Apr 30, 2025 | 16.75% |
| Jan 31, 2025 | 16.58% |
| Oct 31, 2024 | 16.46% |
| Jul 31, 2024 | 16.25% |
| Apr 30, 2024 | 15.83% |
| Jan 31, 2024 | 15.15% |
| Oct 31, 2023 | 13.53% |
| Jul 31, 2023 | 11.57% |
| Apr 30, 2023 | 11.45% |
| Jan 31, 2023 | 10.87% |
| Oct 31, 2022 | 11.39% |
| Jul 31, 2022 | 13.70% |
| Apr 30, 2022 | 13.82% |
| Jan 31, 2022 | 14.93% |
| Oct 31, 2021 | 12.33% |
API Access
Walmart Return on Invested Capital [ROIC] 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-invested-capital-%5Broic%5D&ticker=WMT&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-invested-capital-[roic]", "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-invested-capital-%5Broic%5D&ticker=WMT&period=max&api_key=YOUR_API_KEY");
const data = await res.json();