M vs WMT
Macy's, Inc. and Walmart Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | M | WMT |
|---|---|---|
| Revenue | $22.6B | $713.2B |
| Net income | $642.0M | $21.9B |
| Gross margin | 40.3% | 24.9% |
| Net margin | 2.8% | 3.1% |
| Return on equity | 13.6% | 23.0% |
| Diluted EPS | $2.32 | $2.73 |
| Dividend / share | $0.73 | $0.94 |
| Payout ratio | 30.7% | 34.3% |
| Free cash flow | $1.1B | $14.9B |
| Equity | $4.9B | $99.6B |
| Net debt / equity | 0.24× | 0.28× |
| Current ratio | 1.49× | 0.79× |
| Revenue CAGR 5y | 5.5% | 5.0% |
| Profit CAGR 5y | · | 10.1% |
WMT bills 31.5× the revenue of M, and keeps more of each dollar of revenue as profit (3.1% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | M | WMT |
|---|---|---|
| FY2025 | $22.6B | $713.2B |
| FY2024 | $23.0B | $681.0B |
| FY2023 | $23.9B | $648.1B |
| FY2022 | $25.4B | $611.3B |
| FY2021 | $25.4B | $572.8B |
| FY2020 | $17.3B | $559.2B |
| FY2019 | $24.6B | $524.0B |
| FY2018 | $25.0B | $514.4B |
| FY2017 | $24.9B | $500.3B |
| FY2016 | $25.9B | $485.9B |
Bottom line
| Fiscal year | M | WMT |
|---|---|---|
| FY2025 | $642.0M | $21.9B |
| FY2024 | $582.0M | $19.4B |
| FY2023 | $45.0M | $15.5B |
| FY2022 | $1.1B | $11.7B |
| FY2021 | $1.4B | $13.7B |
| FY2020 | $-3.9B | $13.5B |
| FY2019 | $564.0M | $14.9B |
| FY2018 | $1.1B | $6.7B |
| FY2017 | $1.6B | $9.9B |
| FY2016 | $627.0M | $13.6B |
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −$690,542,000,000 | WMT |
| FY2024 | −$657,979,000,000 | WMT |
| FY2023 | −$624,259,000,000 | WMT |
| FY2022 | −$585,840,000,000 | WMT |
| FY2021 | −$547,355,000,000 | WMT |
| FY2020 | −$541,805,000,000 | WMT |
| FY2019 | −$499,404,000,000 | WMT |
| FY2018 | −$489,434,000,000 | WMT |
| FY2017 | −$475,404,000,000 | WMT |
| FY2016 | −$459,965,000,000 | WMT |
| FY2015 | −$455,051,000,000 | WMT |
| FY2014 | −$457,546,000,000 | WMT |
| FY2013 | −$448,363,000,000 | WMT |
| FY2012 | −$440,965,000,000 | WMT |
| FY2011 | −$420,104,000,000 | WMT |
| FY2010 | −$396,846,000,000 | WMT |
| FY2009 | −$384,596,000,000 | WMT |
| FY2008 | −$379,362,000,000 | WMT |
| FY2007 | −$350,710,000,000 | WMT |
WMT has reported the higher revenue in every one of these 19 fiscal years. The gap has widened since the earliest year compared.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
19 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | −0.3 pp | WMT |
| FY2024 | −0.4 pp | WMT |
| FY2023 | −2.3 pp | WMT |
| FY2022 | +2.7 pp | M |
| FY2021 | +3.2 pp | M |
| FY2020 | −25.2 pp | WMT |
| FY2019 | −0.6 pp | WMT |
| FY2018 | +3.0 pp | M |
| FY2017 | +4.1 pp | M |
| FY2016 | −0.6 pp | WMT |
| FY2015 | +0.8 pp | M |
| FY2014 | +1.9 pp | M |
| FY2013 | +1.8 pp | M |
| FY2012 | +1.0 pp | M |
| FY2011 | +1.1 pp | M |
| FY2010 | −0.6 pp | WMT |
| FY2009 | −2.2 pp | WMT |
| FY2008 | −22.6 pp | WMT |
| FY2007 | −0.1 pp | WMT |
The higher net margin has changed hands between M and WMT over this period.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's net margin has been more volatile than WMT's over the 19 comparable fiscal years — 7.7 percentage points of standard deviation against 0.7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in net margin changed hands between M and WMT over these 19 fiscal years — M led in 9 and WMT in 10.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's return on equity has been more volatile than WMT's over the 19 comparable fiscal years — 31.4 percentage points of standard deviation against 3.7.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between M and WMT over these 19 fiscal years — M led in 7 and WMT in 12.
19 of 19 comparable fiscal years — a year missing data on either side is not counted.