DGNYSERetail-Variety StoresFiscal year ends January 29
DOLLAR GENERAL CORP
Financials through Q2 FY2026, quarter ended Jul 31, 2026Last filing: 10-Q on Aug 27, 2026
$133.27−1.09 (-0.81%)
Close on Oct 19, 2026
- Market cap
- $29.52B
- P/E (TTM)
- 17.3
- Dividend yield
- 1.77%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
30.7%−1.1 pts over 5 years
Operating margin
5.2%−5.4 pts over 5 years
Net margin
3.5%−4.3 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.2% | +4.1% | +4.8% | +7.7% | |
| Gross profit | +9.0% | +3.5% | +4.1% | +7.6% | |
| Operating income | +28.6% | -12.8% | -9.1% | +1.3% | |
| Net income | +34.4% | -14.5% | -10.6% | +2.6% | |
| EPS, diluted | +34.1% | -13.8% | -8.4% | +5.7% | |
| Free cash flow | +41.9% | +78.1% | -3.4% | +10.4% | |
| Dividend per share | 0.0% | +2.4% | +10.4% | +10.4% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 23.2% | 39.7% | 19.0% | |
| Return on assets | 10.9% | 10.9% | 4.9% | |
| Current ratio | 1.40 | 1.21 | 1.13 | |
| Debt to equity | 0.59 | – | 0.54 | |
| Net debt to EBITDA | 1.24× | – | 1.06× | |
| Interest coverage | 21.1× | 23.6× | – | |
| Inventory turnover | 4.8× | 4.6× | 4.5× | |
| Capex to revenue | 2.5% | 3.0% | 2.9% | |
| Diluted shares | 282M | 250M | 221M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dollar General generated $13.87B from operations and spent $14.62B on capital expenditure, dividends and share buybacks. 47% of that went back into the business.
Generated
$13.87B
Used
$14.62B
Capital expenditure$6.88B47%Dividends$2.44B17%Share buybacks$5.30B36%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin3.5%
×Asset turnover1.38×
×Equity multiplier3.90×
=Return on equity, FY202519.0%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 3.5% | 1.38× | 3.90× | 19.0% |
| FY2024 | 2.8% | 1.31× | 4.37× | 15.9% |
| FY2023 | 4.3% | 1.29× | 4.87× | 27.0% |
| FY2022 | 6.4% | 1.37× | 4.69× | 40.9% |
| FY2021 | 7.0% | 1.31× | 4.04× | 37.1% |
| FY2020 | 7.9% | 1.39× | 3.64× | 39.7% |
| FY2019 | 6.2% | 1.54× | 2.75× | 26.1% |
| FY2018 | 6.2% | 1.99× | 2.05× | 25.3% |
| FY2017 | 6.6% | 1.94× | 2.10× | 26.7% |
| FY2016 | 5.7% | 1.92× | 2.13× | 23.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.51B
- Cash generatingOperating cash flow above zero$3.63B
- Return on assets improvedROA up on the prior year3.7% → 4.9%
- Earnings backed by cashOperating cash flow above net income$3.63B vs $1.51B
- Less leverageLong-term debt to assets fell18.4% → 14.7%
- Better liquidityCurrent ratio rose1.19 → 1.13
- No dilutionShare count did not rise220M → 221M
- Gross margin improvedGross margin up on the prior year29.59% → 30.66%
- More efficientAsset turnover rose1.32 → 1.37