Dollar General Corporation

DG · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$31,572	$15,628	$29,887	$50,995	$47,345	$45,092	$35,546	$26,656	$23,041	$16,947	$21,838	$20,348	$18,185	$15,377	$14,311	$9,686	$7,582	–	–	–	–	–	–	$7,570	$7,552	$7,495	$7,681	$7,632	$7,995	$7,609	$8,004	$7,728	$7,365	$7,356	$4,660	$6,637	$5,637	$5,683	$7,387	$4,887	$6,743
Enterprise value	$46,152	$32,159	$47,440	$68,275	$61,246	$57,306	$47,002	$29,285	$25,779	$19,971	$24,650	$22,509	$20,498	$18,008	$16,804	$12,477	$10,763	–	–	–	–	–	–	$7,796	$8,026	$8,063	$7,624	$7,611	$8,013	$7,645	$8,077	$7,731	$7,354	$7,350	$4,674	$6,654	$5,665	$5,723	$7,445	$4,941	$6,807
P/E (TTM) at period end	20.88×	13.89×	17.99×	21.11×	19.73×	16.98×	20.76×	16.77×	14.97×	13.55×	18.74×	19.10×	17.74×	16.14×	18.67×	15.43×	22.34×	–	–	–	–	–	–	28.57×	36.39×	106.10×	35.00×	41.93×	55.28×	66.10×	91.15×	104.95×	151.53×	206.64×	216.73×	454.60×	454.60×	568.25×	1136.50×	1136.50×	378.83×
P/S (TTM) at period end	0.74×	0.38×	0.77×	1.35×	1.38×	1.34×	1.28×	1.04×	0.98×	0.77×	1.07×	1.08×	1.04×	0.96×	0.97×	0.74×	0.64×	–	–	–	–	–	–	1.24×	1.42×	1.65×	1.98×	2.37×	3.04×	3.56×	4.54×	5.33×	6.50×	7.99×	6.18×	10.16×	9.16×	9.27×	12.55×	8.65×	11.54×
P/B at period end	3.71×	2.11×	4.43×	9.20×	7.56×	6.77×	5.30×	4.15×	3.76×	3.13×	4.06×	3.56×	3.37×	3.08×	3.06×	2.38×	2.24×	–	–	–	–	–	–	5.88×	7.25×	8.70×	8.30×	10.52×	13.69×	15.67×	19.06×	23.87×	30.60×	38.76×	30.86×	50.40×	46.74×	50.92×	67.46×	44.92×	62.44×
EV / EBITDA (TTM)	14.20×	11.97×	14.40×	16.84×	15.86×	13.88×	16.74×	11.39×	10.69×	8.17×	10.75×	10.66×	9.91×	9.20×	9.51×	8.16×	8.90×	–	–	–	–	–	–	13.16×	16.16×	30.38×	18.45×	22.23×	29.21×	34.65×	46.38×	55.88×	98.71×	146.99×	166.94×	400.84×	396.16×	–	–	–	–
EV / Sales (TTM)	1.08×	0.79×	1.23×	1.80×	1.79×	1.70×	1.69×	1.14×	1.10×	0.91×	1.21×	1.19×	1.17×	1.12×	1.13×	0.96×	0.91×	–	–	–	–	–	–	1.28×	1.51×	1.77×	1.96×	2.36×	3.05×	3.58×	4.58×	5.34×	6.49×	7.98×	6.20×	10.19×	9.21×	9.34×	12.65×	8.75×	11.65×
Returns
Return on equity	17.8%	15.2%	24.6%	43.6%	38.3%	39.9%	25.6%	24.8%	25.1%	23.1%	21.7%	18.7%	19.0%	19.1%	16.4%	15.5%	10.0%	3.8%	(0.5%)	7.9%	20.3%	20.4%	19.1%	20.6%	19.9%	8.2%	23.7%	25.1%	24.8%	23.7%	20.9%	22.7%	20.2%	18.8%	14.2%	11.1%	10.3%	9.0%	5.9%	4.0%	16.5%
Return on invested capital	7.3%	5.6%	7.9%	11.3%	12.5%	14.7%	9.9%	18.4%	18.3%	15.6%	14.9%	14.2%	14.2%	13.8%	13.0%	11.9%	8.9%	4.9%	3.7%	8.5%	20.1%	20.8%	22.0%	19.3%	15.6%	7.0%	25.6%	26.6%	24.4%	22.6%	18.8%	23.1%	21.1%	19.4%	13.0%	9.8%	8.3%	6.6%	3.9%	2.6%	10.3%
Dividend yield	1.6%	3.3%	1.7%	1.0%	0.8%	0.8%	0.9%	1.1%	1.2%	1.7%	1.2%	–	–	–	–	–	3.2%	–	–	–	–	–	–	0.6%	0.6%	0.6%	0.4%	0.3%	0.3%	0.2%	0.2%	0.1%	0.0%	0.1%	0.1%	0.1%	0.1%	–	–	–	–
Financial health
Current ratio	1.13×	1.19×	1.19×	1.29×	1.05×	1.21×	1.14×	1.55×	1.43×	1.40×	1.72×	1.80×	1.77×	1.54×	1.51×	1.73×	1.53×	1.74×	1.77×	2.09×	1.89×	2.10×	2.22×	1.99×	1.37×	2.09×	2.32×	1.93×	2.17×	2.25×	2.03×	1.96×	2.13×	2.19×	3.08×	3.05×	3.44×	3.48×	3.10×	2.98×	3.77×
Debt / equity	0.54×	0.84×	1.04×	1.26×	0.67×	0.62×	0.43×	0.45×	0.49×	0.59×	0.55×	0.48×	0.52×	0.56×	0.56×	0.81×	1.00×	1.46×	1.58×	0.15×	0.16×	0.16×	0.18×	0.27×	0.71×	0.85×	0.56×	0.00×	0.04×	0.09×	0.18×	0.11×	0.10×	0.10×	0.15×	0.16×	0.29×	0.42×	0.60×	0.54×	0.66×
Effective tax rate	23.0%	21.8%	21.6%	22.5%	21.7%	22.0%	22.2%	21.1%	19.3%	36.3%	37.1%	36.6%	37.0%	36.4%	37.4%	36.3%	38.5%	44.4%	(393.3%)	37.4%	35.7%	35.6%	37.3%	36.1%	36.7%	35.0%	36.2%	35.2%	37.6%	37.8%	38.0%	37.8%	37.7%	38.8%	38.0%	36.8%	38.9%	37.9%	44.0%	43.4%	48.9%
Share count
Diluted shares outstanding	221	220	220	226	236	250	258	266	273	282	295	306	324	334	345	345	325	318	316	314	326	332	338	335	335	334	339	336	352	335	352	340	324	324	205	292	248	250	325	215	297

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$43,638	$42,724	$40,612	$38,692	$37,845	$34,220	$33,747	$27,754	$25,625	$23,471	$21,987	$20,369	$18,910	$17,504	$16,022	$14,807	$13,035	$11,796	$10,458	$9,495	$9,170	$8,582	$7,661	$6,872	$6,100	$5,323	$4,551	$3,888	$3,221	$2,627	$2,134	$1,764	$1,449	$1,133	$921	$754	$653	$615	$613	$588	$565	$584
Cost of revenue	($30,040)	($29,625)	($28,595)	($26,973)	($26,025)	($23,407)	($23,028)	($19,265)	($17,821)	($16,250)	($15,204)	($14,062)	($13,107)	($12,068)	($10,937)	($10,109)	($8,858)	($8,107)	($7,397)	($6,852)	($6,802)	($6,117)	($5,398)	($4,854)	($4,376)	($3,813)	($3,300)	($2,790)	($2,315)	($1,885)	($1,530)	($1,261)	($1,028)	($804)	($645)	($532)	($459)	($428)	($433)	($417)	($404)	($407)
Gross profit	$13,598	$13,100	$12,017	$11,719	$11,820	$10,813	$10,719	$8,489	$7,804	$7,221	$6,783	$6,306	$5,803	$5,436	$5,085	$4,698	$4,177	$3,690	$3,061	$2,643	$2,368	$2,465	$2,263	$2,018	$1,724	$1,509	$1,251	$1,098	$906	$742	$605	$504	$421	$330	$275	$222	$194	$187	$180	$172	$161	$177
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($11,158)	($10,896)	($10,303)	($9,273)	($8,492)	($7,592)	($7,164)	($6,187)	($5,688)	($5,214)	($4,719)	($4,366)	($4,033)	($3,700)	($3,430)	($3,207)	($2,902)	($2,737)	($2,449)	($2,388)	($2,120)	($1,903)	($1,706)	($1,497)	($1,297)	($1,136)	($935)	($748)	($617)	($507)	($415)	($355)	($300)	($246)	($206)	($178)	($159)	($155)	($152)	($147)	($141)	($130)
Total operating expenses	($11,158)	($10,896)	($10,303)	($9,273)	($8,492)	($7,592)	($7,164)	($6,187)	($5,688)	($5,214)	($4,719)	($4,366)	($4,033)	($3,700)	($3,430)	($3,207)	($2,902)	($2,737)	($2,481)	($2,388)	($2,120)	($1,903)	($1,706)	($1,507)	($1,267)	($1,136)	($1,097)	($748)	($617)	($507)	($415)	($355)	($300)	($252)	($217)	($188)	($171)	($166)	($164)	($160)	($154)	($142)
Total costs and expenses	($41,198)	($40,521)	($38,898)	($36,245)	($34,517)	($31,000)	($30,192)	($25,452)	($23,509)	($21,463)	($19,923)	($18,428)	($17,140)	($15,768)	($14,367)	($13,316)	($11,761)	($10,843)	($9,877)	($9,240)	($8,922)	($8,020)	($7,104)	($6,361)	($5,643)	($4,949)	($4,397)	($3,539)	($2,932)	($2,392)	($1,945)	($1,615)	($1,328)	($1,055)	($862)	($720)	($630)	($595)	($597)	($577)	($557)	($550)
Operating income	$2,440	$2,204	$1,714	$2,446	$3,328	$3,221	$3,555	$2,302	$2,116	$2,008	$2,063	$1,940	$1,769	$1,736	$1,655	$1,491	$1,274	$953	$580	$255	$248	$562	$557	$511	$457	$374	$154	$349	$289	$236	$190	$149	$121	$78	$58	$35	$23	$20	$16	$12	$8	$35
Earnings
EBITDA	$3,525	$3,250	$2,686	$3,295	$4,053	$3,862	$4,129	$2,807	$2,570	$2,412	$2,443	$2,293	$2,111	$2,069	$1,958	$1,766	$1,529	$1,210	$828	$490	$449	$749	$721	$664	$592	$497	$265	$413	$342	$274	$221	$174	$138	$74	$50	$28	$17	$14	–	–	–	–
Interest income	–	($231)	($274)	($327)	–	–	–	–	–	–	–	–	–	–	–	$0	$0	$0	$3	$9	$7	$9	$7	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($198)	($231)	($274)	($327)	($211)	($158)	($150)	($101)	($100)	($97)	($98)	($87)	($88)	($89)	($128)	($205)	($274)	($346)	($392)	($263)	($35)	($26)	($29)	($32)	($43)	($46)	($45)	($26)	($14)	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,233	$1,965	$1,440	$2,120	$3,117	$3,063	$3,404	$2,202	$2,015	$1,907	$1,966	$1,853	$1,681	$1,628	$1,497	$1,225	$985	$552	$194	($3)	$220	$545	$535	$480	$415	$328	$109	$344	$281	$232	$185	$142	$118	$78	$58	$35	$23	$20	$16	$12	$8	$35
Income tax expense	($530)	($452)	($315)	($458)	($701)	($664)	($749)	($489)	($426)	($368)	($714)	($688)	($616)	($603)	($545)	($459)	($357)	($213)	($86)	($10)	($82)	($194)	($191)	($179)	($150)	($120)	($38)	($125)	($99)	($87)	($70)	($54)	($45)	($29)	($23)	($13)	($8)	($8)	($6)	($5)	($3)	($17)
Net income	$1,703	$1,512	$1,125	$1,661	$2,416	$2,399	$2,655	$1,713	$1,589	$1,539	$1,251	$1,165	$1,065	$1,025	$953	$767	$628	$339	$108	($13)	$138	$350	$344	$301	$265	$208	$71	$219	$182	$145	$115	$88	$74	$49	$36	$22	$15	$12	$10	$6	$4	$18
Per share
Diluted EPS (GAAP)	$7.69	$6.85	$5.11	$7.55	$10.68	$10.17	$10.62	$6.64	$5.97	$5.63	$4.43	$3.95	$3.49	$3.17	$2.85	$2.22	$1.82	$1.04	$0.34	($0.0406)	$0.44	$1.07	$1.04	$0.89	$0.78	$0.62	$0.21	$0.55	$0.45	$0.41	$1.30	$1.25	$1.33	$0.15	$0.11	$0.10	$0.05	$0.05	$0.04	$0.02	$0.02	$0.06
Basic EPS (GAAP)	$7.73	$6.87	$5.12	$7.57	$10.73	$10.24	$10.70	$6.68	$5.99	$5.64	$4.45	$3.96	$3.50	$3.17	$2.87	$2.25	$1.84	$1.05	$0.34	($0.0409)	$0.44	$1.08	$1.04	$0.89	$0.79	$0.63	$0.21	$0.61	$0.53	$0.41	$1.30	$1.25	$1.33	$0.15	$0.11	$0.07	$0.05	$0.05	$0.04	$0.02	$0.02	$0.06
Basic shares outstanding	220	220	220	219	225	234	248	257	265	273	281	294	305	323	332	341	341	323	317	314	313	324	329	335	333	332	330	338	336	352	335	352	340	324	324	205	292	248	250	325	215	297
Margins
Gross margin	31.2%	30.7%	29.6%	30.3%	31.2%	31.6%	31.8%	30.6%	30.5%	30.8%	30.8%	31.0%	30.7%	31.1%	31.7%	31.7%	32.0%	31.3%	29.3%	27.8%	25.8%	28.7%	29.5%	29.4%	28.3%	28.4%	27.5%	28.2%	28.1%	28.2%	28.3%	28.5%	29.0%	29.1%	29.9%	29.5%	29.7%	30.4%	29.4%	29.2%	28.6%	30.3%
Operating margin	5.6%	5.2%	4.2%	6.3%	8.8%	9.4%	10.5%	8.3%	8.3%	8.6%	9.4%	9.5%	9.4%	9.9%	10.3%	10.1%	9.8%	8.1%	5.6%	2.7%	2.7%	6.5%	7.3%	7.4%	7.5%	7.0%	3.4%	9.0%	9.0%	9.0%	8.9%	8.4%	8.4%	6.9%	6.3%	4.6%	3.5%	3.3%	2.6%	2.0%	1.3%	6.0%
Net margin	3.9%	3.5%	2.8%	4.3%	6.4%	7.0%	7.9%	6.2%	6.2%	6.6%	5.7%	5.7%	5.6%	5.9%	5.9%	5.2%	4.8%	2.9%	1.0%	(0.1%)	1.5%	4.1%	4.5%	4.4%	4.3%	3.9%	1.6%	5.6%	5.7%	5.5%	5.4%	5.0%	5.1%	4.3%	3.9%	2.8%	2.2%	2.0%	1.6%	1.1%	0.8%	3.0%

Analyst consensus

Buy52 analysts

Bearish · 2 · Hold · 21 · Bullish · 29

Earnings history

	EPS	Estimate
Q3 2024	$0.89	$0.94	Miss
Q4 2024	$1.68	$1.51	Beat
Q1 2025	$1.78	$1.48	Beat
Q2 2025	$1.86	$1.58	Beat
Q3 2025	$1.28	$0.94	Beat
Q4 2025	$1.93	$1.66	Beat
Q1 2026	$2.00	$1.89	Beat
Q2 2026	$2.48	$2.01	Beat

Peers

Company overview

IPO dateNov 13, 2009

CEOTodd J. Vasos

Employees194,000

SectorConsumer Defensive

IndustryDiscount Stores

CountryUS

ExchangeNew York Stock Exchange

Websitewww.dollargeneral.com

Dollar General Corporation is a prominent discount retail chain that offers a wide array of merchandise across the southern, southwestern, Midwestern, and eastern regions of the United States. Its extensive product assortment primarily features consumable items. This includes household essentials such as paper products, cleaning supplies, and laundry detergents; a wide array of food options, ranging from shelf-stable groceries like cereals, pasta, canned goods, condiments, and baking ingredients, to fresh and refrigerated perishables such as milk, eggs, bread, and frozen foods, as well as alcoholic beverages like beer and wine. The selection further encompasses popular snacks (candies, cookies, crackers, and carbonated drinks), health and beauty aids (over-the-counter medications, personal care items, cosmetics, dental, and foot care products), pet food and supplies, and tobacco products. Beyond consumables, Dollar General offers seasonal merchandise, which includes holiday decorations, toys, electronics, greeting cards, stationery, prepaid phone services and accessories, gardening tools, hardware, automotive items, and home office supplies. Customers can also find various home goods, from kitchenware and small appliances to lighting, storage solutions, frames, candles, craft materials, and soft furnishings for the kitchen, bed, and bath. Lastly, the company stocks a selection of apparel, featuring everyday clothing for infants, children, women, and men, along with socks, underwear, disposable diapers, shoes, and accessories. As of February 25, 2022, Dollar General operated an impressive 18,190 stores spread across 47 U.S. states. Originally established in 1939 as J.L. Turner & Son, Inc., the company adopted its current name, Dollar General Corporation, in 1968. Its corporate headquarters are situated in Goodlettsville, Tennessee.

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