Dollar Tree (DLTR)
Consumer Staples · $21.4B market cap · SEC CIK 0000935703
fundamentals score out of 100
Next reports on Dec 1, 2026, with analysts expecting $0.95 in earnings per share.
The case for DLTR
- Revenue up 48.1% on the year.
- Earns 46% back on shareholder equity.
- Earnings per share up 197.3%.
- Reasonably priced at 13.3× earnings.
- Moves less than the market (beta 0.67).
The case against
- Revenue has shrunk 5.3% a year over five years.
- Weakest against its peers: free-cash-flow yield of 4.9% is lower than 57% of Consumer Staples companies.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Consumer Staples companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 74 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 61 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 61 |
| Momentumhow the price has behaved lately | 58 |
| Stabilityhow violently it moves, what it owes and what it pays you | 68 |
- Each factor except momentum is half fixed thresholds, half rank among the 36 Consumer Staples companies.
Key numbers
| Price / earnings | 13.3× |
|---|---|
| Price / book | 7.26× |
| Price / sales | 1.1× |
| Revenue growth (YoY) | +48.1% |
| EPS growth (YoY) | +197.3% |
| Gross margin | 39% |
| Operating margin | 11% |
| Net margin | 8% |
| Return on equity | 46% |
| Debt / equity | 0.86× |
| Current ratio | 1.13 |
| Dividend yield | none |
| Beta | 0.67 |
| 52-week range | $84.71 – $142.40 |
| Position in that range | 53% of the way up |
| 3-month return | +0.6% |
| 1-year return | +17.9% |
Five years of financials, as filed
Pulled from Dollar Tree's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $19.4B | $17.6B | $16.8B | $15.4B | $26.3B |
| Gross profit | $7.1B | $6.3B | $6.0B | $5.8B | $7.7B |
| Operating income | $1.7B | $1.5B | $1.8B | $2.1B | $1.8B |
| Net income | $1.3B | -$3.0B | -$998M | $1.6B | $1.3B |
| Operating cash flow | $2.2B | $2.2B | $2.7B | $1.6B | $1.4B |
| Capital expenditure | $1.1B | $1.3B | $1.2B | $639M | $1.0B |
| Total assets | $13.5B | $18.6B | $22.0B | $23.0B | $21.7B |
| Total liabilities | $9.7B | $14.7B | $14.7B | $14.3B | $14.0B |
| Shareholder equity | $3.8B | $4.0B | $7.3B | $8.8B | $7.7B |
| Cash | $718M | $1.3B | $425M | $643M | $985M |
| Long-term debt | $2.4B | $2.4B | $3.4B | $3.4B | $3.4B |
| Free cash flow | $1.1B | $893M | $1.5B | $976M | $410M |
| Gross margin | 36.4% | 35.8% | 35.8% | 37.5% | 29.4% |
| Operating margin | 8.5% | 8.3% | 10.6% | 13.6% | 6.9% |
| Net margin | 6.6% | -17.2% | -6.0% | 10.5% | 5.0% |
| Diluted shares | 206M | 216M | 220M | 224M | 229M |
Share count is down 9.9% over 4 years. Buybacks have been shrinking the pie.
What Dollar Tree says it does
" for further discussion of the effect of competition on our operations. Our business is seasonal, and adverse events during the fourth quarter could materially affect our full-year financial results. Our highest sales periods are during the Christmas and Easter seasons, and we generally realize a disproportionate amount of our net sales and our operating and net income during the fourth quarter. In anticipation, we stock extra inventory and hire many temporary employees to prepare our stores and help ship product from our distribution centers. Lead times for seasonal product purchases are longer and could result in inventory markdowns if sales do not meet expectations. Adverse events such as inclement 14 Table of Contents weather or unfavorable economic conditions during the fourth quarter could cause a reduction in sales during these periods, which in turn could adversely affect our operating results, particularly operating and net…
Risk factors DLTR lists in its 10-K
- Issuer Purchases of Equity Securities
- Total number of shares purchased as part of publicly announced plans or programs
- Approximate dollar value of shares that may yet be purchased under the plans or programs (in millions)
- Store Activity and Selected Sales Data
- Strategic Initiatives and Recent Developments
- New Store Growth and Improved Conditions
- Sale and Separation of Family Dollar
- Income from continuing operations before income taxes
- Fiscal 2025 compared to Fiscal 2024
- Selling, General and Administrative Expenses
- Transition Services Agreement Income, Net
- Critical Accounting Estimates and Assumptions
- Goodwill and Indefinite-Lived Intangible Assets
- Assets Held for Sale and Discontinued Operations