Amazon (AMZN) vs Walmart (WMT): Stock Comparison
Data as of November 7, 2026. Refreshed weekly from SEC filings and market data.
Amazon is cheaper on earnings, at 20.9 times against 45.9; Amazon keeps the higher net margin (16.9% against 3.0%); Amazon grew revenue faster over the last year (15.3% against 6.2%); dividend yield is about the same (0.0% and 0.8%). Amazon clears 8 of this site's 8 value filters and Walmart 2. Figures are as of November 7, 2026; each is on the page below with its source.
How do Amazon and Walmart compare on the numbers?
| Measure | Amazon (AMZN) | Walmart (WMT) | Clearer lead |
|---|---|---|---|
| Share price | $259.30 | $125.52 | |
| Market value | $2.81 trillion | $1.01 trillion | |
| P/E ratio (trailing) | 20.9 | 45.9 | AMZN |
| PEG ratio | 0.77 | 4.50 | AMZN |
| Free-cash-flow yield | 0.6% | 1.5% | About the same |
| Net profit margin | 16.9% | 3.0% | AMZN |
| Revenue growth, last year | 15.3% | 6.2% | AMZN |
| Return on equity | 26.7% | 22.7% | AMZN |
| Debt to equity | 0.28 | 0.58 | AMZN |
| Dividend yield | 0.0% | 0.8% | About the same |
| Margin of safety (DCF) | -949.5% | -284.1% | WMT |
| Value filters passed (of 8) | 8 | 2 | AMZN |
| Distance from 52-week high | -8.7% | -6.5% |
How have Amazon and Walmart shares done against each other?
Amazon 149Walmart 252
Each share price set to 100 on Nov 2021, to Nov 2026. Price only: dividends are not included.
From Nov 2021 to Nov 2026, Amazon shares are up 49% and Walmart shares up 152%, so Walmart has pulled ahead of Amazon by 104 points of the starting price. The deepest fall from a prior high in that window was 52% for Amazon and 23% for Walmart.
| Period | Amazon (AMZN) | Walmart (WMT) |
|---|---|---|
| Last 1 year | +6.7% | +23.4% |
| Last 3 years | +85.6% | +128.4% |
| Last 5 years | +47.4% | +150.6% |
Which has grown faster, Amazon or Walmart?
Over 5 years, Amazon grew revenue 13.2% a year and earnings per share 28.0% a year; Walmart grew revenue 5.0% and earnings per share 11.6%. Its net margin averaged 6.4% at Amazon and 2.5% at Walmart.
| Measure | Amazon (AMZN) | Walmart (WMT) |
|---|---|---|
| Latest fiscal year ended | Dec 2025 | Jan 2026 |
| Revenue, first year to latest | $386 billion to $717 billion | $559 billion to $713 billion |
| Revenue growth per year | 13.2% | 5.0% |
| Earnings per share, first year to latest | $2.09 to $7.17 | $1.58 to $2.73 |
| Earnings per share growth per year | 28.0% | 11.6% |
| Net margin, latest year | 10.8% | 3.1% |
| Net margin, average of the years | 6.4% | 2.5% |
| Free cash flow margin, latest year | 1.1% | 2.1% |
From each company's 10-K filings (SEC EDGAR), over its latest 5 years. Fiscal years end in different months, so each is shown for its own latest 5 years.
What growth does each share price assume?
| Measure | Amazon (AMZN) | Walmart (WMT) |
|---|---|---|
| Free cash flow growth the price implies | n/a | n/a |
| Free cash flow per share | $1.45 | $1.91 |
| Margin of safety on this site's DCF | -949.5% | -284.1% |
Amazon's price is above what this site's DCF gives even at 40% a year of free cash flow growth, so the price assumes more than any growth rate tested.
Walmart's price is above what this site's DCF gives even at 40% a year of free cash flow growth, so the price assumes more than any growth rate tested.
The same model and baseline as every stock page. A price that asks for less growth is not a better company, only a lower bar to clear.
Where is each stronger?
Where Amazon leads
- Lower P/E: 20.9 against 45.9
- Lower PEG: 0.77 against 4.50
- Higher net margin: 16.9% against 3.0%
- Faster revenue growth last year: 15.3% against 6.2%
- Higher return on equity: 26.7% against 22.7%
- Less debt for its equity: 0.28 against 0.58
- More of the 8 value filters: 8 against 2
- Faster revenue growth over its filed record: 13.2% against 5.0%
- Faster earnings-per-share growth over its filed record: 28.0% against 11.6%
- A higher net margin in its latest filed year: 10.8% against 3.1%
- A higher average net margin: 6.4% against 2.5%
Where Walmart leads
- Higher margin of safety on this site's DCF: -284.1% against -949.5%
- A higher free-cash-flow margin in its latest filed year: 2.1% against 1.1%
About the same on: free-cash-flow yield, dividend yield. A lead needs a clear gap (10% apart on a ratio, 1 point on a percentage), so a rounding difference never names a winner. A lead on one measure is not a verdict on the company.
How do the businesses differ?
Amazon. Amazon runs one of the largest online stores and Amazon Web Services (AWS), the cloud platform that produces most of its profit. It also sells advertising and Prime subscriptions, and operates physical stores such as Whole Foods.
Walmart. Walmart is the largest US retailer, selling groceries and general merchandise through supercenters, Sam's Club warehouse stores and e-commerce, and it also operates in Mexico, Canada, China and India.
Both are in the Retail industry on this site.
What stands out about Amazon
- No filter fails. AMZN passes 8 of the 8 value filters.
- Strongest against peers: net margin. At 16.9% (peer median 7.3%) it ranks 2nd of 21 among retail stocks this site tracks.
- Weakest against peers: free-cash-flow yield. At 0.6% (peer median 4.3%) it ranks 21st of 21 among retail stocks this site tracks.
What stands out about Walmart
- Misses 4 of the 8 value filters. It fails Trailing P/E < 25 (45.92), PEG Ratio < 1.5 (4.50) and Price/Book < 8 (10.32) and 1 more; the other 2 pass and 2 were not evaluated.
- The margin of safety is falling. It went from -229% on Oct 7 to -284% on Nov 7 across 8 weekly readings.
- Weakest against peers: P/E ratio. At 45.9× (peer median 24.2×) it ranks 19th of 21 among retail stocks this site tracks.
Frequently asked questions about Amazon and Walmart
Which is cheaper, Amazon or Walmart?
On trailing earnings, Amazon is cheaper: Amazon trades at 20.9 times and Walmart at 45.9 times. On free cash flow, the yields are 0.6% and 1.5%. Cheaper is not the same as better value: read the growth each price assumes below.
Which pays the higher dividend, Amazon or Walmart?
Their yields are about the same: Amazon 0.0% and Walmart 0.8% over the last year.
Which has grown faster, Amazon or Walmart?
Over their latest filed five years, Amazon grew revenue 13.2% a year and Walmart 5.0%; earnings per share grew 28.0% and 11.6% a year.
Which has more debt, Amazon or Walmart?
Walmart has more debt for its equity: debt to equity is 0.28 for Amazon and 0.58 for Walmart. A very high figure can also come from buybacks that shrank equity.
Which is more profitable, Amazon or Walmart?
Amazon keeps more of each sales dollar as profit: 16.9% for Amazon and 3.0% for Walmart, with a return on equity of 26.7% and 22.7%.
Which passes more of the 8 value filters?
Amazon clears more: Amazon 8 of 8 and Walmart 2 of 8. The filters are this site's own value rules, not a prediction.
Where do these numbers come from?
Prices, ratios and yield are from this site's weekly data as of November 7, 2026; growth and margins by year are from each company's 10-K filings (sources on Amazon and Walmart). The DCF is the same model on every stock page. See Editorial Standards. Educational, not investment advice.