Walmart Inc（WMT）の決算・業績分析
Walmart Incの2025年有価証券報告書をAI分析。売上高$674.5B(+5.0%)。営業利益$29.3B。Consumer Discretionary。
目次
Walmart Incの2025年度 業績サマリー
Walmart Inc（証券コード: WMT）の2025年度決算・業績分析。売上高は$674.5B（前年比+5.0%）。営業利益は$29.3B（前年比+8.6%）。純利益は$19.4B（前年比+25.3%）。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。
Walmart Incの2024年度 注目ポイント
※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。
- Walmart achieved a 2.3% YoY revenue growth to $567.8B (XBRL), driven by automation and supply chain investments.
- Operating income surged 15.1% YoY to $25.9B (XBRL), with a 4.6% operating margin (XBRL).
- The company returned $15.9B to shareholders via dividends ($6.2B) and buybacks ($9.8B) (XBRL).
- A 5-day cash conversion cycle (CCC) (XBRL) highlights efficient working capital management.
Walmart Incの売上高変化の要因
- •FY2024 revenue reached $567.8B (XBRL), reflecting a 2.3% YoY increase. Growth drivers include strategic investments in automation and supply chain efficiency (10-K). The 5-year revenue CAGR is 4.1% (XBRL), though operating income CAGR has stagnated at 0.0% (XBRL). Segment-specific revenue data is unavailable in the provided materials (N/A).
Walmart Incの営業利益変化の要因
- •Operating income rose 15.1% YoY to $25.9B (XBRL), with a 4.6% operating margin (XBRL). Net income grew 1.2% YoY to $13.7B (XBRL), translating to a 2.4% net margin (XBRL). ROE stands at 17.8% (XBRL), while ROA is 5.6% (XBRL). Gross profit data is not available (N/A).
Walmart Incの事業リスクと対応
Failure to execute omni-channel strategy could harm market position and financial performance (10-K).
Inability to predict consumer trends may lead to inventory issues and lower sales (10-K).
High costs of eCommerce/tech investments may negatively impact short-term financials (10-K).
Negative publicity or reputation damage could reduce sales and business relationships (10-K).
Challenges in predicting demand and managing inventory may increase costs and service disruptions (10-K).
Walmart Incの今後の見通し・業績予想
Walmart Incの事業内容
Walmart Inc. operates as an omni-channel retailer, offering a broad range of products and services at everyday low prices (EDLP) through physical stores and eCommerce (10-K). Key segments include Walmart U.S., Walmart International, and Sam's Club (10-K), supported by services like advertising, fulfillment, and financial services (10-K). With 2.1 million associates (10-K), the company leverages price leadership, omni-channel integration, and a global retail ecosystem as competitive advantages (10-K).
Walmart IncのAI業績分析レポート（2024年度）
Walmart Inc. (WMT) FY2024 Annual Report Analysis
Highlights
Business Overview
Walmart Inc. operates as an omni-channel retailer, offering a broad range of products and services at everyday low prices (EDLP) through physical stores and eCommerce (10-K). Key segments include Walmart U.S., Walmart International, and Sam's Club (10-K), supported by services like advertising, fulfillment, and financial services (10-K). With 2.1 million associates (10-K), the company leverages price leadership, omni-channel integration, and a global retail ecosystem as competitive advantages (10-K).
Revenue Analysis
FY2024 revenue reached $567.8B (XBRL), reflecting a 2.3% YoY increase. Growth drivers include strategic investments in automation and supply chain efficiency (10-K). The 5-year revenue CAGR is 4.1% (XBRL), though operating income CAGR has stagnated at 0.0% (XBRL). Segment-specific revenue data is unavailable (N/A).
Profitability Analysis
Operating income rose 15.1% YoY to $25.9B (XBRL), with a 4.6% operating margin (XBRL). Net income grew 1.2% YoY to $13.7B (XBRL), translating to a 2.4% net margin (XBRL). ROE stands at 17.8% (XBRL), while ROA is 5.6% (XBRL). Gross profit data is not available (N/A).
Balance Sheet Analysis
Total assets decreased slightly to $244.9B (XBRL) in FY2024 from $252.5B (XBRL) in FY2023. Total equity fell to $76.7B (XBRL) in FY2024 but rose to $83.9B (XBRL) in FY2025. The current ratio is 0.82x (XBRL), and net debt is $26.0B (XBRL). Cash reserves stand at $8.6B (XBRL).
Cash Flow Analysis
Operating cash flow was $24.2B (XBRL), with free cash flow (FCF) of $11.1B (XBRL) after $13.1B in CapEx (XBRL). Financing activities totaled -$22.8B (XBRL), driven by $6.2B in dividends (XBRL) and $9.8B in share repurchases (XBRL).
Working Capital Analysis
The cash conversion cycle (CCC) is 5 days (XBRL), with receivables days at 2 days (XBRL), inventory days at 48 days (XBRL), and payables days at 46 days (XBRL).
Risks
Outlook
Management anticipates continued focus on automation, supply chain investments, and portfolio reshaping (e.g., Asda/Seiyu sales) (10-K). Key forward-looking trends include navigating currency exchange rate fluctuations and intensifying competition (10-K).
Historical Time Series
| Metric | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|
| Revenue | 495.8B | 510.3B | 519.9B | 555.2B | 567.8B | 605.9B |
| Operating Income | 20.4B | 22.0B | 20.6B | 22.5B | 25.9B | 20.4B |
| Net Income | 9.9B | 6.7B | 14.9B | 13.5B | 13.7B | 11.7B |
| Total Assets | 204.5B | 219.3B | 236.5B | 252.5B | 244.9B | 243.2B |
| Total Equity | 72.5B | 74.7B | 80.9B | 83.3B | 76.7B | 83.9B |
| Operating Cash Flow | 28.3B | 27.8B | 25.3B | 36.1B | 24.2B | 28.8B |
Consumer Discretionaryの企業一覧
Walmart Incと同じ「Consumer Discretionary」セクターの企業