DLTRNasdaqRetail-Variety StoresFiscal year ends January 30
DOLLAR TREE, INC.
Financials through Q2 FY2026, quarter ended Aug 1, 2026Last filing: 10-Q on Aug 27, 2026
$123.15−1.03 (-0.83%)
Close on Oct 19, 2026
- Market cap
- $23.51B
- P/E (TTM)
- 15.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
36.3%+5.8 pts over 5 years
Operating margin
8.5%+1.1 pts over 5 years
Net margin
6.6%+1.3 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 | +10.4% | +8.0% | -5.3% | +2.3% | |
| Gross profit | +12.2% | +6.9% | -2.0% | +4.2% | |
| Operating income | +13.1% | -7.7% | -2.6% | +4.6% | |
| Net income | – | -7.4% | -0.9% | +16.3% | |
| EPS, diluted | – | -4.8% | +1.9% | +17.3% | |
| Free cash flow | +18.4% | +10.7% | -10.3% | +12.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 18.3% | 19.8% | 33.2% | |
| Return on assets | 5.7% | 6.7% | 8.0% | |
| Current ratio | 1.87 | 1.35 | 1.07 | |
| Debt to equity | 1.17 | 0.44 | 0.65 | |
| Net debt to EBITDA | 2.33× | 0.68× | 0.74× | |
| Capex to revenue | 2.7% | 3.5% | 5.8% | |
| Diluted shares | 237M | 237M | 206M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Dollar Tree generated $9.63B from operations and spent $9.33B on capital expenditure, dividends and share buybacks. 57% of that went back into the business.
Generated
$9.63B
Used
$9.33B
Capital expenditure$5.29B57%Dividends$00%Share buybacks$4.05B43%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin6.6%
×Asset turnover1.21×
×Equity multiplier4.15×
=Return on equity, FY202533.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 6.6% | 1.21× | 4.15× | 33.2% |
| FY2024 | -17.2% | 0.86× | 3.60× | -53.7% |
| FY2023 | -5.9% | 0.75× | 2.80× | -12.4% |
| FY2022 | 10.5% | 0.69× | 2.72× | 19.6% |
| FY2021 | 5.0% | 1.24× | 2.83× | 17.7% |
| FY2020 | 5.3% | 1.27× | 2.97× | 19.8% |
| FY2019 | 3.5% | 1.43× | 2.78× | 13.9% |
| FY2018 | -7.0% | 1.53× | 2.33× | -24.8% |
| FY2017 | 7.7% | 1.39× | 2.55× | 27.3% |
| FY2016 | 4.3% | 1.31× | 3.23× | 18.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.28B
- Cash generatingOperating cash flow above zero$2.19B
- Return on assets improvedROA up on the prior year-13.8% → 6.9%
- Earnings backed by cashOperating cash flow above net income$2.19B vs $1.28B
- Less leverageLong-term debt to assets fell13.0% → 18.1%
- Better liquidityCurrent ratio rose1.06 → 1.07
- No dilutionShare count did not rise216M → 206M
- Gross margin improvedGross margin up on the prior year35.74% → 36.32%
- More efficientAsset turnover rose0.80 → 1.04