JPM vs WMT: JPMorgan Chase & and Walmart compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- JPMorgan Chase & is the larger company, worth $878.7B, close to Walmart's $819.2B.
- JPMorgan Chase & grew revenue faster over the last year (+27.7% vs +5.9%).
- On earnings, JPMorgan Chase & is the cheaper stock (15.7x vs 36.2x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | JPM | WMT |
|---|---|---|
| Market cap | $878.7B | $819.2B |
| Share price | $332.99 | $111.35 |
| Revenue (last fiscal year) | $182.4B | $706.4B |
| Free cash flow (last fiscal year) | — | $14.9B |
| Revenue growth, last year | +27.7% | +5.9% |
| Revenue growth per year, last 5 fiscal years | +10.7% | +5.6% |
| Operating margin | — | 4.4% |
| Net margin | 32.6% | 3.0% |
| Return on equity | 17.4% | 22.5% |
| P/E (trailing) | 15.7x | 36.2x |
| Price / free cash flow | 8.72x | 54.9x |
| EV / EBITDA | 6.84x | 20.6x |
| FCF growth the price implies | — | 18.3% |
| Dividend yield | 1.8% | — |
| Debt / equity | 12.4x | 1.93x |
| Fundamental grade | B | D |
| Superinvestors holding it | 22 | 8 |
| Insider purchases, last 12 months | 10 | 9 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
JPMorgan Chase &
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $121.6B | — | — |
| 2022 | $128.7B | — | — |
| 2023 | $158.1B | — | — |
| 2024 | $177.6B | — | — |
| 2025 | $182.4B | — | — |
Walmart
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $567.8B | $11.1B | 4.6% |
| 2023 | $605.9B | $12.0B | 3.4% |
| 2024 | $642.6B | $15.1B | 4.2% |
| 2025 | $674.5B | $12.7B | 4.4% |
| 2026 | $706.4B | $14.9B | 4.2% |
Where the revenue comes from
JPMorgan Chase & · by segments, 2025
Commercial & Investment Bank$78.5B44%
Consumer & Community Banking$76.0B43%
Asset & Wealth Management$24.1B13%
Walmart · by segments, 2026
Walmart U.S.$485.6B68%
Walmart International$132.0B19%
Sam's Club U.S.$95.5B13%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open JPM in InvestinglyQuestions
Which is bigger, JPMorgan Chase & or Walmart?
JPMorgan Chase & (JPM), at $878.7B against $819.2B.
Is JPM or WMT cheaper?
By trailing P/E, JPMorgan Chase & (15.7x) is cheaper than Walmart (36.2x). A lower multiple can also mean the market expects less growth.
Which grows faster, JPM or WMT?
JPMorgan Chase &: revenue grew +27.7% over the last year, against +5.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.