Walmart Income Statement Research

WMT Stock

USD 59.26 0.39 0.65%

Most accounts from Walmart's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Walmart current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Walmart Valuation and Walmart Correlation analysis.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

At this time, Walmart's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 680.5 B in 2024, whereas EBITDA is likely to drop slightly above 21.6 B in 2024.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.At this time, Walmart's Depreciation And Amortization is comparatively stable compared to the past year. Total Revenue is likely to gain to about 680.5 B in 2024, whereas EBITDA is likely to drop slightly above 21.6 B in 2024.

	2021	2022	2023	2024 (projected)
Total Revenue	572.8B	611.3B	648.1B	680.5B
Depreciation And Amortization	7.8B	9.7B	11.9B	12.4B

Total Revenue Depreciation And Amortization

Walmart income statement Correlations

	Depreciation And Amortization	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Interest Expense	Selling General Administrative	Minority Interest	Discontinued Operations	Net Income From Continuing Ops	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Non Operating Income Net Other	Selling And Marketing Expenses
Depreciation And Amortization		0.89	0.89	0.89	0.57	0.51	0.66	0.89	0.9	0.51	-0.3	0.52	0.44	0.84	0.79	0.2	0.71	-0.23	-0.41	-0.62	-0.06	0.51	0.31	0.17
Total Revenue	0.89		1.0	1.0	0.66	0.62	0.7	1.0	0.99	0.55	-0.53	0.57	0.49	0.74	0.86	0.02	0.69	-0.22	-0.42	-0.4	0.32	0.56	0.14	0.37
Gross Profit	0.89	1.0		1.0	0.68	0.63	0.71	1.0	0.99	0.56	-0.54	0.58	0.5	0.76	0.87	0.05	0.7	-0.22	-0.42	-0.41	0.31	0.52	0.12	0.34
Other Operating Expenses	0.89	1.0	1.0		0.65	0.6	0.68	1.0	1.0	0.53	-0.53	0.55	0.47	0.74	0.86	0.03	0.7	-0.23	-0.43	-0.41	0.33	0.56	0.15	0.37
Operating Income	0.57	0.66	0.68	0.65		0.96	0.96	0.66	0.61	0.92	-0.29	0.9	0.87	0.86	0.74	0.04	0.42	0.28	0.09	0.03	0.11	-0.07	-0.08	0.08
Ebit	0.51	0.62	0.63	0.6	0.96		0.97	0.62	0.56	0.97	-0.1	0.97	0.89	0.8	0.68	-0.15	0.35	0.47	0.22	0.12	0.07	-0.05	0.12	0.1
Ebitda	0.66	0.7	0.71	0.68	0.96	0.97		0.69	0.65	0.94	-0.13	0.94	0.85	0.91	0.8	0.0	0.5	0.33	0.11	-0.09	0.05	0.0	0.17	0.08
Cost Of Revenue	0.89	1.0	1.0	1.0	0.66	0.62	0.69		0.99	0.54	-0.53	0.56	0.48	0.74	0.85	0.01	0.69	-0.22	-0.42	-0.39	0.32	0.57	0.15	0.38
Total Operating Expenses	0.9	0.99	0.99	1.0	0.61	0.56	0.65	0.99		0.48	-0.54	0.5	0.41	0.72	0.87	0.07	0.74	-0.3	-0.47	-0.48	0.35	0.56	0.15	0.36
Income Before Tax	0.51	0.55	0.56	0.53	0.92	0.97	0.94	0.54	0.48		0.07	0.99	0.95	0.79	0.57	-0.13	0.27	0.55	0.35	0.16	-0.13	-0.06	0.22	-0.01
Total Other Income Expense Net	-0.3	-0.53	-0.54	-0.53	-0.29	-0.1	-0.13	-0.53	-0.54	0.07		0.08	0.08	-0.21	-0.48	-0.22	-0.41	0.59	0.66	0.26	-0.63	-0.28	0.66	-0.39
Net Income	0.52	0.57	0.58	0.55	0.9	0.97	0.94	0.56	0.5	0.99	0.08		0.9	0.79	0.6	-0.21	0.31	0.58	0.3	0.14	-0.1	-0.02	0.29	0.05
Income Tax Expense	0.44	0.49	0.5	0.47	0.87	0.89	0.85	0.48	0.41	0.95	0.08	0.9		0.72	0.48	0.02	0.19	0.45	0.43	0.23	-0.14	-0.14	0.12	-0.15
Interest Expense	0.84	0.74	0.76	0.74	0.86	0.8	0.91	0.74	0.72	0.79	-0.21	0.79	0.72		0.82	0.15	0.62	0.08	-0.09	-0.32	-0.1	0.12	0.15	0.11
Selling General Administrative	0.79	0.86	0.87	0.86	0.74	0.68	0.8	0.85	0.87	0.57	-0.48	0.6	0.48	0.82		0.2	0.77	-0.19	-0.29	-0.45	0.42	0.25	0.08	0.28
Minority Interest	0.2	0.02	0.05	0.03	0.04	-0.15	0.0	0.01	0.07	-0.13	-0.22	-0.21	0.02	0.15	0.2		0.27	-0.55	-0.06	-0.54	-0.01	-0.2	-0.28	-0.58
Discontinued Operations	0.71	0.69	0.7	0.7	0.42	0.35	0.5	0.69	0.74	0.27	-0.41	0.31	0.19	0.62	0.77	0.27		-0.37	-0.41	-0.54	0.29	0.21	0.06	0.09
Net Income From Continuing Ops	-0.23	-0.22	-0.22	-0.23	0.28	0.47	0.33	-0.22	-0.3	0.55	0.59	0.58	0.45	0.08	-0.19	-0.55	-0.37		0.71	0.55	-0.39	-0.15	0.39	0.02
Tax Provision	-0.41	-0.42	-0.42	-0.43	0.09	0.22	0.11	-0.42	-0.47	0.35	0.66	0.3	0.43	-0.09	-0.29	-0.06	-0.41	0.71		0.55	-0.31	-0.38	0.24	-0.35
Interest Income	-0.62	-0.4	-0.41	-0.41	0.03	0.12	-0.09	-0.39	-0.48	0.16	0.26	0.14	0.23	-0.32	-0.45	-0.54	-0.54	0.55	0.55		0.03	-0.41	-0.18	-0.02
Net Interest Income	-0.06	0.32	0.31	0.33	0.11	0.07	0.05	0.32	0.35	-0.13	-0.63	-0.1	-0.14	-0.1	0.42	-0.01	0.29	-0.39	-0.31	0.03		0.07	-0.36	0.34
Reconciled Depreciation	0.51	0.56	0.52	0.56	-0.07	-0.05	0.0	0.57	0.56	-0.06	-0.28	-0.02	-0.14	0.12	0.25	-0.2	0.21	-0.15	-0.38	-0.41	0.07		0.38	0.6
Non Operating Income Net Other	0.31	0.14	0.12	0.15	-0.08	0.12	0.17	0.15	0.15	0.22	0.66	0.29	0.12	0.15	0.08	-0.28	0.06	0.39	0.24	-0.18	-0.36	0.38		-0.01
Selling And Marketing Expenses	0.17	0.37	0.34	0.37	0.08	0.1	0.08	0.38	0.36	-0.01	-0.39	0.05	-0.15	0.11	0.28	-0.58	0.09	0.02	-0.35	-0.02	0.34	0.6	-0.01

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Walmart Account Relationship Matchups

Walmart income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Total Revenue	524.0B	559.2B	572.8B	611.3B	648.1B	680.5B
Gross Profit	129.4B	138.8B	143.8B	147.6B	158.0B	165.9B
Operating Income	20.6B	22.5B	25.9B	20.4B	27.0B	15.9B
Ebit	20.6B	22.5B	25.9B	20.4B	27.0B	16.0B
Ebitda	33.7B	34.0B	33.8B	30.1B	38.9B	21.6B
Cost Of Revenue	394.6B	420.3B	429B	463.7B	490.1B	514.6B
Income Before Tax	20.1B	20.6B	18.7B	17.0B	21.8B	14.3B
Net Income	14.9B	13.5B	13.7B	11.7B	15.5B	9.3B
Income Tax Expense	4.9B	6.9B	4.8B	5.7B	5.6B	4.6B
Interest Expense	2.6B	2.3B	2.0B	2.1B	2.7B	2.0B
Minority Interest	320M	6.6B	(267M)	388M	(759M)	(721.1M)
Tax Provision	4.9B	6.9B	4.8B	5.7B	5.6B	4.4B
Interest Income	189M	121M	1.8B	1.9B	546M	916.9M
Net Interest Income	(2.4B)	(2.2B)	(1.8B)	(1.9B)	(2.1B)	(2.2B)

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When determining whether Walmart is a good investment, qualitative aspects like company management, corporate governance, and ethical practices play a significant role. A comparison with peer companies also provides context and helps to understand if Walmart Stock is undervalued or overvalued. This multi-faceted approach, blending both quantitative and qualitative analysis, forms a solid foundation for making an informed investment decision about Walmart Stock. Highlighted below are key reports to facilitate an investment decision about Walmart Stock:

How To Invest In Walmart

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Is Walmart Stock a good investment?

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What is Walmart's Net Worth?

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Check out Walmart Valuation and Walmart Correlation analysis.

For more information on how to buy Walmart Stock please use our How to Invest in Walmart guide.

You can also try the Alpha Finder module to use alpha and beta coefficients to find investment opportunities after accounting for the risk.

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When running Walmart's price analysis, check to measure Walmart's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Walmart is operating at the current time. Most of Walmart's value examination focuses on studying past and present price action to predict the probability of Walmart's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Walmart's price. Additionally, you may evaluate how the addition of Walmart to your portfolios can decrease your overall portfolio volatility.

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Is Walmart's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Walmart. If investors know Walmart will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Walmart listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.12)

Dividend Share

0.76

Earnings Share

1.91

Revenue Per Share

80.243

Quarterly Revenue Growth

0.057

The market value of Walmart is measured differently than its book value, which is the value of Walmart that is recorded on the company's balance sheet. Investors also form their own opinion of Walmart's value that differs from its market value or its book value, called intrinsic value, which is Walmart's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Walmart's market value can be influenced by many factors that don't directly affect Walmart's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Walmart's value and its price as these two are different measures arrived at by different means. Investors typically determine if Walmart is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Walmart's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Walmart Income Statement Research

Walmart income statement Correlations

Walmart Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Walmart income statement Accounts

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COMMON DESTINATIONS

MAIN CATEGORIES

COMPANY

Gross Profit	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Total Revenue
Cost Of Revenue	+ 1.0	Total Revenue
Other Operating Expenses	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Gross Profit
Cost Of Revenue	+ 1.0	Other Operating Expenses

Net Interest Income	- 0.63	Total Other Income Expense Net
Interest Income	- 0.62	Depreciation And Amortization
Selling And Marketing Expenses	- 0.58	Minority Interest
Net Income From Continuing Ops	- 0.55	Minority Interest
Interest Income	- 0.54	Discontinued Operations
Interest Income	- 0.54	Minority Interest