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Dollar General Corporation

DG Consumer Defensive Discount Stores

Dollar General Corporation’s revenue for fiscal 2026 (year ended January 2026) was $42.7 billion, up 5.20% from fiscal 2025.

Revenue
+5.24%
EPS
+33.2%
Free cash flow
−34.0%
Total debt
−20.4%

Quarter to July 2026, against a year earlier

132.30 2.21 +1.70%
Market cap
$28.7B
P/E
17.0×
Fwd P/E
16.7×
Dividend yield
1.79%
F-score
7/9
Altman Z
2.69
Beneish M
−3.55
Dividend safety
86/100
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Filings

Revenue by segment Fiscal 2026

  • Single Reportable Segment

Every year since 2017 →

Insider Decisions last twelve months

Sold, $m 9.00
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 7 — — — — — — — — 1 — —
Insider Ownership 0.73%

Capital & Financial Ratios $m

Size
Market Cap 28,700.00
Revenue ttm 43,637.99
Net income ttm 1,703.40
Free cash flow ttm 2,016.37
Net debt Q 2,981.23
Valuation
P/E 17.04
Forward P/E 16.70
Price / sales 0.67
Forward P/S Powerpack
Price / FCF 14.41
Price / book 3.13
Financial health
Current ratio Q 1.21
Debt / equity Q 0.49 (at or below 0.5: strong)
Interest coverage Q 17.94
Growth
Revenue growth Q +5.24% (above 0%: growing)
Operating income growth Q +29.18% (above 0%: growing)
EPS, this year +15.49% (at or above 15%: strong)
EPS, next year A +5.52%
Revenue, next year A +4.27%
EPS, past 5 yrs −8.40% (below 0%: weak)
EPS, next 5 yrs A +10.50%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 0.7×, against a ten-year median of 1.2×; over the ten years it ranged from 0.5× in 2025 to 1.8× in 2021.
P/E against its own 10 years 29.93%
10-year low 10-year high
P/S against its own 10 years 18.91%
10-year low 10-year high
P/B against its own 10 years 15.02%
10-year low 10-year high
EV/Sales against its own 10 years 17.04%
10-year low 10-year high
EV/FCF against its own 10 years 19.43%
10-year low 10-year high

Dividends

Yield
1.79%
Annual rate
2.36
Payout ratio
30.7%
Growth, 2017–26
+13.1%/yr
  1. 0.78 ’17
  2. 1.13 ’18 +45%
  3. 1.25 ’19 +11%
  4. 1.40 ’20 +12%
  5. 1.62 ’21 +16%
  6. 2.62 ’22 +62%
  7. 1.77 ’23 −32%
  8. 2.36 ’24 +33%
  9. 2.36 ’25 +0%
  10. 2.36 ’26 +0%
paid Powerpack

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 537 933 1,139 1,590
Receivables 112 127 17 75
Inventory 6,994 6,711 6,332 6,553
Other — — — —
8,011 8,164 7,898 8,782
2024 2025 2026 Q'26
Payables 3,587 3,833 4,052 4,350
ST’ Debt 769 519 14 13
Other — — — —
6,726 6,869 6,961 7,265

Compound Annual Growth %

10y 5y 3y
Sales 7.69% 4.83% 4.13%
Cash Flow 10.08% (1.28%) 22.35%
Earnings 2.64% (10.65%) (14.46%)
Book Value 4.70% 5.03% 15.38%

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 2.00 Actual 2.23

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 0.92 1.28 Beat by 0.36
Q4 FY25 1.61 1.93 Beat by 0.32
Q1 FY26 1.89 2.00 Beat by 0.11
Q2 FY26 2.00 2.23 Beat by 0.23
Q3 FY26 1.40 — Reports 3 December 2026

EPS $

Apr Jul Oct Jan Year
’26 2.00 2.48 — — —
’26 1.78 1.86 1.28 1.93 6.85
’25 1.65 1.70 0.89 0.87 5.11
’24 2.34 2.13 1.26 1.83 7.55
’23 2.41 2.98 2.33 2.96 10.68
’22 2.82 2.69 2.08 2.57 10.17
’21 2.56 3.12 2.31 2.62 10.62
Fiscal quarters ending in the months shown.

Revenue $m

Apr Jul Oct Jan Year
’26 10,787 11,290 — — —
’26 10,436 10,728 10,649 10,911 42,724
’25 9,914 10,210 10,183 10,305 40,612
’24 9,343 9,796 9,694 9,859 38,692
’23 8,751 9,426 9,465 10,203 37,845
’22 8,401 8,650 8,518 8,651 34,220
’21 8,448 8,684 8,200 8,415 33,747
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 716 781 — — —
’26 847 968 1,004 816 3,635
’25 664 989 542 801 2,996
’24 191 536 715 950 2,392
’23 450 499 300 736 1,985
’22 703 615 909 639 2,866
’21 1,736 1,171 476 493 3,876
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 368 374 — — —
’26 557 567 691 583 2,397
’25 323 636 202 530 1,690
’24 (170) 133 244 491 698
’23 169 123 (119) 257 429
’22 426 375 650 349 1,800
’21 1,541 943 203 164 2,851
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.5
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to January

Ten-year view Analyst estimates Powerpack
Group Line 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 TTM Jul ’26 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Income, $m
Income, $m Revenue 21,987 23,471 25,625 27,754 33,747 34,220 37,845 38,692 40,612 42,724 43,638 +7.7% 44,547 46,350 48,216 +4.1%
Gross margin, % 30.85 30.77 30.45 30.59 31.76 31.60 31.23 30.29 29.59 30.66 31.16 (0.2) pt
EBT 1,966 1,907 2,015 2,202 3,404 3,063 3,117 2,120 1,440 1,965 2,233 0.0%
EBT margin, % 8.94 8.13 7.87 7.93 10.09 8.95 8.24 5.48 3.55 4.60 5.12 (4.3) pt
Net income 1,251 1,539 1,589 1,713 2,655 2,399 2,416 1,661 1,125 1,512 1,703 +2.1%
Per share, $
Per share, $ Revenue 78.16 86.05 96.64 108.18 135.98 146.08 168.09 176.34 184.70 194.12 197.81 +10.6%
Earnings 4.45 5.64 5.99 6.68 10.70 10.24 10.73 7.57 5.12 6.87 7.73 +4.9%
Cash flow 5.71 6.61 8.08 8.72 15.62 12.23 8.81 10.90 13.63 16.51 15.03 +12.5%
Capex (1.96) (2.36) (2.76) (3.05) (4.13) (4.55) (6.91) (7.72) (5.94) (5.62) (5.89) +12.4%
Free cash flow 3.75 4.24 5.33 5.67 11.49 7.68 1.91 3.18 7.68 10.89 9.14 +12.6%
Book value 19.22 22.46 24.20 26.13 26.84 26.73 24.61 30.76 33.72 38.67 42.11 +8.1%
Shares, m 281 273 265 257 248 234 225 219 220 220 220 (2.7%)
Valuation, ×
Valuation, × P/E 16.59 18.22 19.24 22.97 18.03 20.38 21.77 17.42 13.91 20.89 17.04 18.9
P/S 0.94 1.20 1.19 1.42 1.42 1.43 1.39 0.75 0.38 0.74 0.67 1.1
P/B 3.84 4.59 4.77 5.87 7.18 7.80 9.49 4.29 2.11 3.71 3.13 5.4
EV/Sales 1.08 1.32 1.30 1.55 1.53 1.57 1.60 0.92 0.52 0.82 0.73 1.2
EV/FCF 22.57 26.67 23.54 29.54 18.12 29.91 140.98 50.79 12.39 14.61 15.89 36.9
Cash, $m
Cash, $m Operating cash flow 1,605 1,802 2,144 2,238 3,876 2,866 1,985 2,392 2,996 3,635 3,316 +9.5%
Capex (551) (645) (732) (782) (1,025) (1,066) (1,555) (1,694) (1,306) (1,237) (1,300) +9.4%
Free cash flow 1,054 1,157 1,412 1,456 2,851 1,800 429 698 1,690 2,397 2,016 +9.6%
Balance, $m
Balance, $m Working capital 1,055 1,283 1,647 635 1,203 324 1,693 1,285 1,295 937 1,517 (1.3%)
Net debt 3,024 2,739 2,629 3,637 3,828 5,011 7,917 6,463 5,306 3,442 2,981 +1.4%
Shareholders’ equity 5,406 6,126 6,417 6,703 6,661 6,262 5,542 6,749 7,414 8,512 9,289 +5.2%
Returns, %
Returns, % ROA 10.91 12.72 12.36 9.51 10.91 9.19 8.72 5.55 3.63 4.87 5.34 (6.0) pt
ROIC 15.30 14.16 14.62 13.92 21.18 17.86 15.46 11.57 8.42 11.52 12.43 (3.8) pt
ROE 23.20 26.69 25.34 26.11 39.74 37.13 40.94 27.03 15.89 18.99 19.69 (4.2) pt
People
People Employees 121,000 129,000 135,000 143,000 158,000 163,000 170,000 185,800 194,200 194,000 — +5.4%
Revenue/emp, $m 0.18 0.18 0.19 0.19 0.21 0.21 0.22 0.21 0.21 0.22 — +2.2%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Dollar General is a discount retailer that sells everyday necessities and general merchandise through convenient small-box stores. It was founded in 1939 and operates 20,959 stores across 48 U.S. states and Mexico as of February 27, 2026. Its stores are concentrated in the southern, southwestern, midwestern and eastern United States.

The assortment combines consumables—such as packaged food, dairy, frozen food, cleaning products, paper goods, health and beauty products, pet supplies and tobacco—with seasonal merchandise, home products and basic apparel. It sells national brands and private-brand alternatives, generally at everyday prices of $10 or less. The company’s stores are designed for customers to buy basic goods quickly rather than make a larger trip to a big-box store or supermarket.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Single Reportable Segment 42,724 100.00%
Gross margin 30.66%
Operating margin 5.16%
Pre-tax margin 4.60%

Revenue by segment since 2017

Dollar General Corporation vs peers in Discount Stores (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WMT Walmart Inc. $962.0B 44.6× 42.9× +5.94% (above 0%: growing) −9.09% (below 0%: shrinking) +15.75% (above 0%: growing) 26.14% 4.99% Compare
COST Costco Wholesale Corporation $441.4B 48.7× 44.4× +11.10% (above 0%: growing) +14.80% (above 0%: growing) +30.72% (above 0%: growing) 12.74% 3.97% Compare
TGT Target Corporation $69.0B 15.9× 14.8× +5.27% (above 0%: growing) +100.49% (above 0%: growing) +141.23% (above 0%: growing) 33.67% 9.65% Compare
DG Dollar General Corporation $28.7B 17.0× 16.7× +5.24% (above 0%: growing) +33.16% (above 0%: growing) −33.98% (below 0%: shrinking) 32.60% 6.81%
DLTR Dollar Tree, Inc. $24.8B 16.3× 16.8× +7.02% (above 0%: growing) +196.70% (above 0%: growing) +4,013.41% (above 0%: growing) 42.91% 14.11% Compare
BJ BJ's Wholesale Club Holdings, Inc. $13.3B 23.2× 22.8× +15.73% (above 0%: growing) +20.18% (above 0%: growing) +165.90% (above 0%: growing) 17.83% 4.05% Compare
TBBB BBB Foods Inc. $6.2B — (loss-making) — (loss-making) +55.49% (above 0%: growing) n/m +1,859.24% (above 0%: growing) 16.75% 1.35% Compare
OLLI Ollie's Bargain Outlet Holdings, Inc. $5.5B 20.0× 19.5× +9.09% (above 0%: growing) +42.00% (above 0%: growing) +19.36% (above 0%: growing) 43.46% 14.63% Compare
PSMT PriceSmart, Inc. $5.1B 31.7× 30.9× +12.49% (above 0%: growing) +12.28% (above 0%: growing) −76.43% (below 0%: shrinking) 17.70% 4.43% Compare
Median of peers $19.0B 23.2× 22.8× +10.10% +20.18% +85.98% 21.99% 4.71%

All 10 Discount Stores stocks →

From the latest earnings call

Updated

  • Todd Vasos said Dollar General saw continued customer traffic growth and planned to use everyday pricing, promotions and $1 offerings through the back half.
  • Donnie Lau said Dollar General expects second-half gross-margin expansion, with shrink, damages, supply-chain efficiency and category management offsetting elevated fuel costs.

Analyst rating changes each firm’s latest, last six months

Firm Date Action Rating Target
JPMorgan Oct 27, 2026 Reiterated Outperform —

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 99.80%
Held by the ten largest 47.19%
Holder Shares Stake Change
Vanguard 28.29m 12.83% +733.07k
BlackRock 22.97m 10.41% −2.40m
State Street 10.72m 4.86% −457.69k
PZENA INVESTMENT MANAGEMENT LLC 10.09m 4.58% +3.19m
First Eagle Investment Management, LLC 9.00m 4.08% +4.54m
Geode Capital Management 5.93m 2.69% +90.21k
Invesco 4.56m 2.07% +1.82m
AQR Capital Management 4.49m 2.04% −628.60k
UBS 4.13m 1.87% +175.15k
Morgan Stanley 3.91m 1.77% −413.23k
13F filings for the quarter to 30 June 2026: long positions in US-listed shares reported by managers with $100m or more, ~45 days after the quarter.

Pay and ownership Proxy statement filed 7 April 2026

Ownership

Directors and executive officers, together less than 1%
The Vanguard Group 11.40%
BlackRock, Inc. 6.90%
State Street Corporation 5.00%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Dollar General Corporation (DG) Latest News

29 Oct

Impact 4 · · Barchart

28 Oct

Impact 4 · · TheStreet

27 Oct

Impact 4 · · wwd.com
Impact 4 · · tennessean.com
Impact 4 · · firstformoney.com
Impact 4 · · usatoday.com
Impact 4 · · Simply Wall St.
Impact 4 · · entrepreneur.com
Impact 4 · · TIKR
Impact 4 · · retail-insight-network.com
Impact 4 · · Stocktwits
Impact 3 · · Zacks
Impact 3 · · Simply Wall St.
Impact 3 · · Zacks

26 Oct

Impact 4 · · retaildive.com
Impact 4 · · TheStreet
Impact 4 · · Investing.com

23 Oct

Impact 4 · · Zacks
Impact 3 · · 24/7 Wall St.
Impact 3 · · Zacks

22 Oct

Impact 4 · · Simply Wall St.

21 Oct

Impact 3 · · Zacks

16 Oct

Impact 3 · · Moneywise

12 Oct

Impact 3 · · Zacks

9 Oct

Impact 3 · · Zacks

8 Oct

Impact 4 · · TheStreet
Impact 3 · · Zacks

5 Oct

Impact 4 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

DG metrics, ten years each

stockrow.com/DG · Data as of Jul 31, 2026 · For information only; not investment advice. · © 2026 stockrow.com