InvestMoat

Head to head

Amazon vs Walmart

Is it even close?

The short answer

Amazon wins, 88 to 69, on all three scores.

Amazon full analysisWalmart full analysisSwap in another name

AMZN · Platforms

Amazon.com Inc.

…

Strong BuyFull analysis

WMT · Consumer

Walmart Inc.

…

HoldFull analysis

Scores

AMZN

WMT

Composite
88
(higher)
69
Moat
89
(higher)
69
Growth
81
(higher)
68
Valuation
82
(higher)
71

Price targets

AMZN

WMT

Bear
$205
$78
Base
$330
$115
Bull
$420
$145
Upside to base
—
—

Growth

AMZN

WMT

Revenue CAGR, 3–5 yr
16–21%
5-8%

AI-resilient moats · 80%

AMZN

WMT

Proprietary Data
Strong (higher)
Intact
Regulatory Lock-In
Intact (higher)
N/A
Network Effects
Strong (higher)
Intact
Transaction Embedding
Strong (higher)
Intact
System of Record
Strong (higher)
N/A
Scale Economics
Strong
Strong
Brand & Pricing Power
N/A
N/A

AI-vulnerable moats · 20%

AMZN

WMT

Learned Interfaces
Weakened
Weakened
Business Logic
Weakened (higher)
N/A
Public Data Access
Weakened (higher)
N/A
Talent Scarcity
Weakened (higher)
N/A
Bundling
Strong (higher)
Intact

Shaded cells mark the higher score or stronger moat on each row. Valuation and composite use the live price when it is available, the same as each stock page.

Amazon or Walmart? Common questions

Which is the better stock, Amazon or Walmart?

Amazon wins, 88 to 69, on all three scores. Our rating: Amazon Strong Buy, Walmart Hold.

Does Amazon or Walmart have the wider moat?

Amazon scores 89 on moat to Walmart's 69. Amazon is rated stronger on proprietary data, network effects and transaction embedding.

Which is growing faster, Amazon or Walmart?

Amazon scores 81 on growth to Walmart's 68. We expect Amazon to grow 16–21% a year, Walmart 5–8%.

Is Amazon or Walmart cheaper right now?

Amazon scores 82 on valuation to Walmart's 71. In our base case, Amazon has more upside: +35% vs +8%.

More head-to-heads

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Scores in the answers use the price each valuation was last struck at; the table above updates with the live price. Not investment advice.