Side by sideWalmart (WMT) and Home Depot (HD)Memos of October 10, 2026 and October 12, 2026
Walmart vs Home Depot stock: the numbers side by side (October 2026)
How do Walmart and Home Depot compare?
| Walmart WMT | Home Depot HD | |
|---|---|---|
| Revenue growth | 4.7%Year to Jan 2026 | 3.2%Feb 2026 |
| Operating margin | 4.2%Year to Jan 2026 | 12.7%Feb 2026 |
| Free cash flow | 14,923US$ millions · Year to Jan 2026 | 12,646US$ millions · Feb 2026 |
| Free cash flow yield | 1.7%Today (Oct 9, 2026) | 4.4%Today (Oct 12, 2026) |
| Dividend yield | 0.9%Today (Oct 9, 2026) | 3.2%Today (Oct 12, 2026) |
| P/E, last 12 months | 39.9xToday (Oct 9, 2026) | 20.3xToday (Oct 12, 2026) |
| P/E, next 12 months | 34.3xToday (Oct 9, 2026) | 18.2xToday (Oct 12, 2026) |
| Weighted price forecast, about 1 year | 112.05 (+2 %)October 2027 | 308.65 (+9 %)October 2027 |
| Weighted price forecast, about 3 years | 114.26 (+6 %)October 2029 | 381.13 (+41 %)October 2029 |
Who leads on what?
| Leads | The lead is | |
|---|---|---|
| Revenue growth | Walmart | The higher figure |
| Operating margin | Home Depot | The higher figure |
| Free cash flow | Walmart | The higher figure |
| Free cash flow yield | Home Depot | The higher figure |
| Dividend yield | Home Depot | The higher figure |
| P/E, last 12 months | Home Depot | The lower figure |
| P/E, next 12 months | Home Depot | The lower figure |
| Weighted price forecast, about 1 year | Home Depot | The higher weighted return |
| Weighted price forecast, about 3 years | Home Depot | The higher weighted return |
What does each company do?
Walmart sells groceries, general merchandise, health products and services to households through 10,955 retail units.
Walmart (WMT), from our memo of October 10, 2026 · Walmart stock forecast
Home Depot sells building materials, tools, appliances, repair supplies, installation and rental services to households and Pros—professional builders, remodelers and tradespeople buying supplies for work.
Home Depot (HD), from our memo of October 12, 2026 · Home Depot stock forecast