WalmartLIM:WMT +0.64%78 Net Margin % is 3.00% as of Apr. 2026, which is 24% above its 10-year median of 2.41. GuruFocus rates LIM:WMT with a GF Score™ of 78/100 and a GF Value™ of $93.30 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 310 Retail - Defensive companies, Walmart ranks better than 64.19% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Walmart's Net Income for the
three
months ended in Apr. 2026 was $5,330 Mil. Walmart's Revenue for the
three
months ended in Apr. 2026 was $177,751 Mil. Therefore, Walmart's net margin for the quarter that ended in Apr. 2026 was 3.00%.
The historical rank and industry rank for Walmart's Net Margin % or its related term are showing as below:
LIM:WMT'
s Net Margin % Range Over the Past 10 Years
Min: 1.3 Med: 2.41 Max: 3.14
Current: 3.14
LIM:WMT's Net Margin % is ranked better than 64.19% of 310
companies
in the Retail - Defensive industry
Industry Median: 2.155
vs LIM:WMT: 3.14
Walmart (LIM:WMT) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Walmart Net Margin % Related Terms
Walmart Net Margin % Historical Data
* Premium members only.
The historical data trend for Walmart's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Discount Stores subindustry, Walmart's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Walmart Net Margin % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Walmart's Net Margin % distribution charts can be found below:
* The bar in red indicates where Walmart's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Walmart (LIM:WMT) has a Net Margin % of 3.00% as of Apr. 2026. Net margin is the ratio of total net income to net sales. View historical data on Walmart and its competitors. This is 24% above median its historical median of 2.41. Over the past decade, Walmart's Net Margin % has ranged from 1.30 to 3.14. According to the industry distribution chart, Walmart ranks #111 out of 310 companies in the Retail - Defensive industry, placing it in the top 35.8%.
Is Walmart's Net Margin % too high?
Walmart's current Net Margin % of 3.00% is 24% above median its 10-year median of 2.41. Over the past 10 years, this metric has ranged from a low of 1.30 to a high of 3.14. The Retail - Defensive industry median Net Margin % is 2.16. Walmart's value of 3.00% is 39.2% above this industry median. Based on the distribution chart, Walmart ranks #111 out of 310 companies in the Retail - Defensive industry, which is above the industry midpoint. Overall, Walmart has a GF Score™ of 78/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Walmart's Net Margin % compare to COST and TGT?
According to the Retail - Defensive industry distribution chart, Walmart ranks #111 out of 310 companies for Net Margin %. This puts Walmart in the upper half of its industry. The industry median Net Margin % is 2.16. Walmart's value of 3.00% is 39.2% above this benchmark. Historically, Walmart's own Net Margin % has ranged from 1.30 to 3.14 over the past decade. While the company's 10-year median is 2.41 vs. the industry median of 2.16, Walmart has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Defensive company?
The median Net Margin % among Retail - Defensive companies is 2.16, based on 310 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Walmart's current Net Margin % of 3.00% is 39.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Walmart and its competitors. For the Retail - Defensive industry, the median Net Margin % is 2.16 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Walmart's current Net Margin % is 3.00%, which is 24% above median its own 10-year median of 2.41. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Walmart stock overvalued right now?
Based on GuruFocus' analysis, Walmart (LIM:WMT) is currently considered Modestly Overvalued. The stock's GF Value™ is $93.30, compared to a current price of $118.00 — trading 26.5% above its estimated fair value. The current Net Margin % is 3.00%, which is 24% above median its 10-year median of 2.41 and 39.2% above the Retail - Defensive industry median of 2.16. Walmart's overall GF Score™ is 78/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Walmart (LIM:WMT), the current Net Margin % is 3.00% as of Apr. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Walmart (LIM:WMT) Overvalued in 2026?
Based on GuruFocus' analysis, Walmart stock appears to be overvalued.
The current stock price of $118.00 is trading 26.5% above its estimated GF Value™ of $93.30.
GuruFocus considers Walmart to be Modestly Overvalued.
Key valuation signals for LIM:WMT:
Net Margin %: 3.00% (24% above median its 10-year median of 2.41)
GF Value™: $93.30 vs. price of $118.00 (26.5% above fair value)
Industry Position: 39.2% above the Retail - Defensive median (#111 of 310)
No single metric tells the full story. See the LIM:WMT stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Since its founding in 1962, Walmart has become the world's largest retailer, operating over 10,700 stores globally (including 4,600 namesake locations on its home turf and another 600 Sam's Club outlets) and growing its e-commerce presence, attracting 270 million customers weekly. In aggregate, the firm posted more than $713 billion in fiscal 2026 sales. Its core operations span three reporting segments: Walmart US (68% of fiscal 2026 sales), Walmart International (19%), and Sam's Club (13%).Within the US, nearly 60% of its $486 billion in fiscal 2026 revenue came from its grocery offerings, with another quarter from general merchandise. Internationally, Walmart's operations are concentrated in Mexico, though it also has budding exposure to India.
78GF Score
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