AMAZON COM INC vs WALMART INC.. A side-by-side on valuation, growth, margins, returns, and what each price is betting.
Walmart earns more on each dollar of equity than Amazon, 22.6% against 15%, and the gap is structural: retail is Walmart's whole business, while Amazon's margins share space with a capex program that currently swallows the free cash flow (the yield sits just below zero). On assets the two are nearly identical, 7.9% and 7.2%. The multiples invert the operating picture, Amazon at 29.6 times earnings and Walmart at 40.2. At $913.6B, Walmart is the one priced like the growth stock.
Comparison updated 2026-07-19.
| Metric | AMZN | WMT |
|---|---|---|
| Price | $271.46 | $111.23 |
| Market cap | $2.96T | $889.7B |
| Sector | Retail | Discount Stores |
| Stage | Mature | Mature |
| Implied growth (priced in) | — | +16.7% |
| P/E | 21.8 | 39.2 |
| P/B | 5.37 | 8.84 |
| P/S | 3.82 | 1.23 |
| EV/EBITDA | 17.9 | 30.7 |
| Revenue growth | +15.8% | +5.9% |
| Operating margin | 13.7% | 4.2% |
| Net margin | 7.6% | 3.1% |
| Return on equity | 10.7% | 22.6% |
| Return on assets | 5.4% | 7.8% |
| Return on invested capital | 10.8% | 15.6% |
| FCF yield | -0.4% | 1.4% |
| Dividend yield | — | 0.8% |
| Debt / equity | 0.25 | 0.47 |
| Current ratio | 1.03 | 0.77 |
| Altman Z (solvency) | 7.24 | 8.97 |
| Piotroski F (quality) | 6 / 9 | 6 / 9 |
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The stronger value is highlighted per metric where one is strictly better on that single number; it is not an overall verdict on either company. For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.