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Wesfarmers Limited

WES.AXConsumer CyclicalASX

Home Improvement Retail · Last scanned May 29, 2026

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Financials · Annual
Revenue
$45.58B
+3.5% YoY
Net Income
$2.93B
+14.4% YoY
EBITDA
$6.04B
+8.8% YoY
Free Cash Flow
$3.29B

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About Wesfarmers Limited

Part of the consumer cyclical sector, Wesfarmers Limited (WES.AX) is listed under Home Improvement Retail. The company carries a $89.78B market cap, placing it firmly in the large-cap category. The company sells outdoor living and building materials, as well as home, garden, and lifestyle improvement products; apparel and general merchandise, including toys and consumables, as well as leisure, entertainment, and soft home products; and office products and solutions, such as stationery, technology, furniture, art supplies, and learning and development resources, as well as print and create, and technical support services through its Officeworks stores.

Key stats
Market Cap$89.78B
P/E (TTM)29.29
Fwd P/E28.61
EPS$2.70
Beta0.80
52W Change-5.5%
Dividend Yield2.71%
ROE36.4%
Analysis

Wesfarmers Limited carries $12.69B in total debt against $729.0M in cash reserves — debt is roughly 17.4x the cash position. Managing this leverage effectively will be important for long-term financial stability. Annual free cash flow of $3.29B supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 36.4%, which is exceptionally high for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. An ROA of 9.0% suggests reasonable efficiency in deploying the company's asset base. Revenue has grown from $36.68B (2022) to $45.58B (2025), reflecting a 24% increase over the period.

Wesfarmers Limited carries a heavier debt load relative to its cash position, which introduces financial risk that investors should weigh. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Wesfarmers Limited and its sector.

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