Dollar Tree, Inc.

DLTR · NASDAQ · 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
Valuation
Market cap	$23,383	$15,773	$30,221	$33,260	$28,905	$22,869	$19,587	$21,751	$24,482	$16,658	$18,293	$15,994	$11,018	$9,200	$10,182	$6,481	$4,427	$3,857	$2,665	$3,276	$2,712	$3,029	$3,656	$2,771	$3,459	$2,539	$3,183	$2,673	$1,678	$1,000	$415
Enterprise value	$29,721	$22,347	$37,164	$42,743	$37,890	$31,092	$29,079	$25,664	$29,062	$22,109	$24,900	$15,813	$11,521	$9,071	$10,159	$6,261	$4,095	$3,760	$2,852	$3,459	$2,641	$2,981	$3,757	$2,489	$3,284	$2,429	$3,110	$2,645	$1,673	$1,002	$407
P/E (TTM) at period end	18.23×	–	–	20.59×	21.77×	17.04×	23.68×	–	14.28×	18.59×	64.78×	26.69×	18.47×	14.85×	20.85×	16.31×	13.81×	16.80×	13.24×	17.06×	15.59×	16.81×	20.59×	17.92×	28.10×	20.88×	32.31×	38.80×	34.52×	29.59×	19.75×
P/S (TTM) at period end	1.20×	0.90×	1.80×	2.16×	1.10×	0.90×	0.83×	0.95×	1.10×	0.80×	1.18×	1.86×	1.41×	1.24×	1.54×	1.10×	0.85×	0.83×	0.63×	0.83×	0.80×	0.97×	1.31×	1.19×	1.74×	1.50×	2.35×	2.49×	2.25×	1.79×	1.38×
P/B at period end	6.23×	3.97×	4.13×	3.80×	3.74×	3.14×	3.13×	3.85×	3.41×	3.09×	4.15×	8.96×	9.41×	5.52×	7.57×	4.44×	3.10×	3.08×	2.70×	2.81×	2.31×	2.60×	3.60×	3.24×	5.31×	4.90×	8.82×	10.95×	10.83×	9.84×	10.61×
EV / EBITDA (TTM)	12.92×	11.24×	17.09×	17.34×	14.99×	12.08×	15.24×	–	11.13×	9.44×	16.20×	12.69×	9.92×	8.28×	10.74×	7.93×	6.11×	7.13×	5.83×	7.36×	6.23×	7.05×	9.38×	7.55×	12.75×	9.74×	14.99×	16.71×	16.53×	13.43×	9.67×
EV / Sales (TTM)	1.53×	1.27×	2.21×	2.77×	1.44×	1.22×	1.23×	1.12×	1.31×	1.07×	1.61×	1.84×	1.47×	1.23×	1.53×	1.06×	0.78×	0.81×	0.67×	0.87×	0.78×	0.95×	1.34×	1.07×	1.65×	1.44×	2.30×	2.46×	2.24×	1.79×	1.36×
Returns
Return on equity	34.2%	(76.2%)	(13.7%)	18.5%	17.2%	18.4%	13.2%	(28.2%)	23.9%	16.6%	6.4%	33.6%	51.0%	37.1%	36.3%	27.2%	22.4%	18.3%	20.4%	16.4%	14.8%	15.5%	17.5%	18.1%	18.9%	23.4%	27.3%	28.2%	31.4%	33.3%	53.7%
Return on invested capital	12.3%	10.4%	9.5%	8.8%	8.8%	9.4%	6.0%	(9.8%)	17.0%	10.6%	6.0%	40.7%	36.3%	37.8%	37.1%	28.1%	28.8%	20.2%	17.1%	14.6%	13.0%	13.8%	16.2%	25.3%	26.2%	31.0%	38.4%	40.6%	36.1%	37.7%	72.2%
Dividend yield	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	1.9%	0.2%	0.1%	–	–
Financial health
Current ratio	1.07×	1.06×	1.31×	1.51×	1.34×	1.35×	1.20×	2.05×	1.60×	1.87×	1.88×	2.31×	2.01×	2.18×	2.08×	2.50×	2.74×	2.62×	1.94×	2.50×	3.19×	3.29×	2.73×	3.47×	2.80×	2.74×	2.46×	1.94×	1.73×	1.38×	1.79×
Debt / equity	0.65×	0.86×	0.47×	0.39×	0.44×	0.44×	0.60×	0.76×	0.79×	1.17×	1.67×	0.38×	0.66×	0.16×	0.20×	0.18×	0.19×	0.21×	0.27×	0.23×	0.23×	0.23×	0.17×	0.04×	0.06×	0.14×	0.23×	0.19×	0.26×	0.04×	0.37×
Effective tax rate	24.8%	24.7%	23.8%	23.9%	18.6%	22.9%	24.7%	(21.5%)	(0.6%)	32.6%	37.0%	37.2%	37.5%	36.7%	37.4%	36.9%	36.9%	36.1%	37.1%	36.6%	36.8%	37.5%	38.5%	38.5%	38.5%	38.8%	37.3%	35.4%	37.6%	38.6%	38.4%
Share count
Diluted shares outstanding	206	216	220	224	229	237	238	238	238	237	224	207	219	231	242	256	270	272	289	311	326	342	346	344	339	334	325	304	300	294	274

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
Revenue and gross profit
Revenue	$20,069	$19,412	$17,578	$16,781	$15,412	$26,321	$25,508	$23,611	$22,823	$22,246	$20,719	$15,498	$8,602	$7,840	$7,394	$6,630	$5,882	$5,231	$4,645	$4,243	$3,969	$3,394	$3,126	$2,800	$2,329	$1,987	$1,688	$1,352	$1,074	$746	$559	$300
Cost of revenue	($12,294)	($12,345)	($11,284)	($10,761)	($9,630)	($18,584)	($17,721)	($16,570)	($15,876)	($15,224)	($14,324)	($10,842)	($5,568)	($5,050)	($4,742)	($4,252)	($3,795)	($3,374)	($3,053)	($2,782)	($2,612)	($2,222)	($2,013)	($1,781)	($1,477)	($1,271)	($1,063)	($854)	($681)	($475)	($356)	($188)
Gross profit	$7,765	$7,051	$6,282	$6,009	$5,776	$7,726	$7,787	$7,041	$6,948	$7,022	$6,395	$4,657	$3,034	$2,790	$2,653	$2,378	$2,088	$1,857	$1,592	$1,461	$1,357	$1,172	$1,113	$1,018	$852	$716	$625	$498	$392	$271	$203	$113
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($5,658)	($5,469)	($4,832)	($4,245)	($3,682)	($5,926)	($5,900)	($5,466)	($5,160)	($5,004)	($4,690)	($3,607)	($1,994)	($1,820)	($1,733)	($1,596)	($1,458)	($1,344)	($1,226)	($1,131)	($1,046)	($889)	($819)	($725)	($598)	($458)	($375)	($290)	($234)	($170)	($128)	($70)
Total operating expenses	($5,564)	($5,398)	($4,820)	($4,234)	($3,676)	($5,914)	($5,900)	($5,778)	($7,887)	($5,023)	($4,690)	($3,607)	($1,994)	($1,820)	($1,733)	($1,596)	($1,458)	($1,344)	($1,226)	($1,131)	($1,046)	($889)	($819)	($725)	($598)	($512)	($417)	($321)	($257)	($184)	($139)	($76)
Total costs and expenses	($17,867)	($17,759)	($16,116)	($15,007)	($13,312)	($24,510)	($23,620)	($22,349)	($23,763)	($20,246)	($19,014)	($14,449)	($7,562)	($6,870)	($6,474)	($5,848)	($5,252)	($4,718)	($4,279)	($3,912)	($3,659)	($3,111)	($2,832)	($2,506)	($2,075)	($1,783)	($1,481)	($1,175)	($938)	($659)	($496)	($264)
Operating income	$2,201	$1,653	$1,462	$1,774	$2,099	$1,811	$1,888	$1,262	($940)	$1,999	$1,705	$1,050	$1,040	$970	$920	$782	$630	$513	$366	$330	$311	$283	$294	$294	$254	$204	$207	$177	$136	$87	$63	$37
Earnings
EBITDA	$2,893	$2,301	$1,989	$2,175	$2,465	$2,527	$2,574	$1,908	($318)	$2,610	$2,342	$1,537	$1,246	$1,161	$1,095	$946	$790	$671	$528	$490	$470	$424	$423	$401	$330	$258	$249	$207	$158	$101	$75	$42
Interest income	–	($86)	($108)	($112)	($127)	–	–	–	–	–	–	–	–	–	–	–	–	–	$3	$7	$9	$6	$4	–	–	–	–	–	–	–	–	–
Interest expense	($74)	($86)	($108)	($112)	($127)	($179)	($147)	($162)	($370)	($302)	($376)	($599)	($80)	($15)	($3)	($3)	($6)	($5)	($9)	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$2,147	$1,630	$1,384	$1,662	$1,972	$1,632	$1,740	$1,099	($1,309)	$1,704	$1,329	$448	$954	$954	$979	$780	$630	$508	$359	$320	$303	$275	$288	$289	$251	$200	$199	$170	$126	$83	$58	$34
Income tax expense	($528)	($404)	($341)	($396)	($472)	($304)	($398)	($272)	($282)	$10	($433)	($166)	($355)	($358)	($360)	($291)	($233)	($187)	($130)	($118)	($111)	($101)	($108)	($111)	($97)	($77)	($77)	($63)	($45)	($31)	($22)	($13)
Net income	$1,612	$1,282	($3,030)	($998)	$1,615	$1,328	$1,342	$827	($1,591)	$1,714	$896	$282	$599	$597	$619	$488	$397	$320	$230	$201	$192	$174	$180	$178	$155	$123	$122	$98	$69	$49	$34	$21
Per share
Diluted EPS (GAAP)	$8.19	$6.22	($14.03)	($4.54)	$7.21	$5.80	$5.65	$3.47	($6.69)	$7.21	$3.78	$1.26	$2.90	$2.72	$2.68	$2.01	$1.55	$1.19	$0.845	$0.70	$0.62	$0.53	$0.53	$0.51	$0.45	$0.36	$0.36	$0.31	$0.24	$0.17	$0.12	$0.0767
Basic EPS (GAAP)	$8.20	$6.23	($14.05)	($4.55)	$7.24	$5.83	$5.68	$3.49	($6.69)	$7.24	$3.80	$1.27	$2.91	$2.74	$2.70	$2.03	$1.56	$1.20	$0.845	$0.70	$0.62	$0.54	$0.53	$0.52	$0.45	$0.37	$0.39	$0.34	$0.26	$0.19	$0.13	$0.0833
Basic shares outstanding	197	206	216	220	223	228	236	237	238	237	236	222	206	218	229	241	254	268	271	288	310	325	340	344	338	336	311	296	275	274	265	252
Margins
Gross margin	38.7%	36.3%	35.7%	35.8%	37.5%	29.4%	30.5%	29.8%	30.4%	31.6%	30.9%	30.0%	35.3%	35.6%	35.9%	35.9%	35.5%	35.5%	34.3%	34.4%	34.2%	34.5%	35.6%	36.4%	36.6%	36.0%	37.0%	36.8%	36.5%	36.3%	36.3%	37.5%
Operating margin	11.0%	8.5%	8.3%	10.6%	13.6%	6.9%	7.4%	5.3%	(4.1%)	9.0%	8.2%	6.8%	12.1%	12.4%	12.4%	11.8%	10.7%	9.8%	7.9%	7.8%	7.8%	8.3%	9.4%	10.5%	10.9%	10.3%	12.3%	13.1%	12.6%	11.6%	11.3%	12.2%
Net margin	8.0%	6.6%	(17.2%)	(5.9%)	10.5%	5.0%	5.3%	3.5%	(7.0%)	7.7%	4.3%	1.8%	7.0%	7.6%	8.4%	7.4%	6.8%	6.1%	4.9%	4.7%	4.8%	5.1%	5.8%	6.3%	6.6%	6.2%	7.2%	7.3%	6.4%	6.5%	6.0%	7.0%

Analyst consensus

Buy49 analysts

Bearish · 4 · Hold · 19 · Bullish · 26

Earnings history

	EPS	Estimate
Q3 2024	$1.12	$1.07	Beat
Q4 2024	$2.11	$2.20	Miss
Q1 2025	$1.26	$1.21	Beat
Q2 2025	$0.77	$0.42	Beat
Q3 2025	$1.21	$1.09	Beat
Q4 2025	$2.56	$2.53	Beat
Q1 2026	$1.74	$1.53	Beat
Q2 2026	$2.70	$1.15	Beat

Peers

Company overview

IPO dateMar 7, 1995

CEOMichael C. Creedon Jr.

Employees150,000

SectorConsumer Defensive

IndustryDiscount Stores

CountryUS

ExchangeNASDAQ Global Select

Websitewww.dollartree.com

Dollar Tree, Inc. (DLTR) operates as a leading discount retailer, managing its extensive operations through two principal divisions: Dollar Tree and Family Dollar. The Dollar Tree segment distinguishes itself by offering all its merchandise at a consistent price of $1.25. Its product range is broad, encompassing essential consumables like confectionery, various food items, health and personal care products, household cleaning chemicals, paper goods, and frozen or refrigerated foods. Beyond these daily necessities, customers can find a diverse selection of general merchandise, including toys, resilient housewares, gifts, stationery, party essentials, greeting cards, softline apparel, and arts and crafts supplies. The segment also prominently features seasonal items for holidays such as Christmas, Easter, Halloween, and Valentine's Day. By January 29, 2022, this division maintained a substantial presence with 8,061 retail locations across its Dollar Tree and Dollar Tree Canada brands, supported by 15 distribution centers in the U.S. and an additional two in Canada. Conversely, the Family Dollar segment functions as a general merchandise discount chain with varying prices. Its inventory is comprehensive, covering a wide array of consumable goods such as groceries, beverages, tobacco, personal care and health products, household chemicals, paper products, hardware, automotive accessories, diapers, batteries, and pet food and supplies. Additionally, the segment provides home products, which include housewares, home décor, giftware, and domestics like bedding and towels. Shoppers can also find apparel and accessories, encompassing clothing, fashion items, and footwear. Seasonal and electronics merchandise, ranging from holiday-specific goods to pre-paid cellular phones and services, along with stationery, school supplies, and toys, are also key offerings. As of January 29, 2022, the Family Dollar brand operated 8,016 stores and was supported by 11 distribution centers. Founded in 1986, Dollar Tree, Inc. is headquartered in Chesapeake, Virginia.

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