Financial Statement Analysis

Target
(in millions)
Total Revenue: $65,357
Total Expenses: $16,622    25.4%
Net Income: $2,488           3.8%

Walmart
(in millions)
Total Revenue: $401,244
Total Expenses: $78,551    19.6%
Net Income: $13,400         3.3%

Walmarts expenses are less than Targets, but Targets net income is greater.