Flagship explainer

What drives WALMART INC.’s return on equity?

ROE is five filed business factors multiplied together.

DuPont return on equity factor treeReturn on equity branches into tax burden, interest burden, operating margin, asset turnover, and the equity multiplier.Return on equity23%Tax burden74%net income ÷ pretax incomeInterest burden99%pretax ÷ operating incomeOperating margin4%operating income ÷ revenueAsset turnover2.59×revenue ÷ average assetsEquity multiplier2.86×average assets ÷ average equityAs of 2026-01-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com
DuPont source inputs
InputValueFiscal yearSource
$21.9BFY2026
Income before tax$29.5BFY2026
Operating income$29.8BFY2026
$706.4BFY2026
Ending assets$284.7BFY2026
Beginning assets$260.8BFY2025
$99.6BFY2026
$91.0BFY2025
Source: · event Jan 31, 2026 · retrieved Jul 26, 2026 · annual-row source set
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WMT dupont explainer — Buy Like Buffett · Buy Like Buffett