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Dollar Tree, Inc.

DLTR Consumer Defensive Discount Stores

Dollar Tree, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $19.4 billion, up 10.4% from fiscal 2025. In the quarter to July 2026, revenue grew 7.02%, EPS grew 196.7%, free cash flow grew 4,013.4% and total debt rose 7.49%, each against the same quarter a year earlier. Member of the S&P 500; revenue growth for three consecutive years.

124.03 7.01 −5.35%
Market cap
$24.6B
P/E
16.0×
Fwd P/E
15.6×
Dividend yield
—
F-score
8/9
Altman Z
3.76
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Insider Decisions trades per month

Total sells 249.04
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell — 1 1 — — — — 1 — 1 1 —
Insider Ownership 1.74%

Capital & Financial Ratios $m

Market Cap 24,590.00
Revenue 20,068.70
Net Income 1,612.50
Free Cash Flow 1,977.70
Net Debt 1,875.40
Current Ratio 1.13
Debt/Equity 0.86
P/E ratio 15.96
Fwd P/E 15.60
P/S ratio 1.24
P/B ratio 7.28 (above 6: high)
Past 5Y EPS Growth 1.94%
This Y EPS Growth 37.46% (at or above 15%: strong)
Next Y EPS Growth (0.01%) (below 0%: weak)
Next Y revenue growth 6.57%
Next 5Y EPS Growth 14.86%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.4×, against a ten-year median of 1.2×; over the ten years it ranged from 0.9× in 2020 to 2.5× in 2023.
P/E against its own 10 years 20.38%
10-year low 10-year high
P/S against its own 10 years 80.42%
10-year low 10-year high
P/B against its own 10 years 97.98%
10-year low 10-year high
EV/Sales against its own 10 years 73.72%
10-year low 10-year high
EV/FCF against its own 10 years 4.14%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2028 Powerpack
2027 Powerpack
2026 Powerpack
2025 Powerpack
2024 Powerpack
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2018 Powerpack
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2024 2025 2026 Q'26
Cash 425 1,257 718 1,058
Receivables — — — —
Inventory 2,496 2,672 2,495 2,452
Other 141 170 233 234
6,133 9,107 3,446 3,745
2024 2025 2026 Q'26
Payables 1,167 1,706 1,531 1,627
ST’ Debt — 1,000 — —
Other 578 574 698 666
4,697 8,586 3,229 3,303

Compound Annual Growth %

10y 5y 3y
Sales 2.28% (5.32%) 8.00%
Cash Flow 10.56% (4.21%) 15.61%
Earnings 16.34% (0.90%) (7.40%)
Book Value (1.59%) (12.41%) (24.58%)

Revenue $m

Apr Jul Oct Jan Year
’26 4,976 4,891 — — —
’26 4,640 4,570 4,751 5,451 19,412
’25 4,169 4,069 4,341 5,000 17,579
’24 7,324 7,325 7,315 4,964 16,781
’23 6,903 6,769 6,940 (5,199) 15,412
’22 6,480 6,343 6,418 7,081 26,321
’21 6,287 6,278 6,177 6,768 25,509
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Apr Jul Oct Jan Year
’26 644 922 — — —
’26 379 261 319 1,232 2,191
’25 505 233 598 858 2,193
’24 752 172 506 971 2,401
’23 539 (18) 214 684 1,418
’22 556 180 283 413 1,432
’21 959 478 297 983 2,716
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Apr Jul Oct Jan Year
’26 391 675 — — —
’26 130 16 (56) 969 1,058
’25 189 (115) 256 565 894
’24 399 (256) (35) 1,099 1,206
’23 282 (295) (179) 966 774
’22 331 (49) (13) 139 409
’21 723 243 60 800 1,827
Fiscal quarters ending in the months shown.

EPS $

Apr Jul Oct Jan Year
’26 1.76 2.70 — — —
’26 1.61 0.91 1.20 2.53 6.22
’25 1.38 0.62 1.08 (17.17) (14.03)
’24 1.35 0.91 0.97 (7.85) (4.55)
’23 2.37 1.60 1.20 2.04 7.21
’22 1.60 1.23 0.96 2.01 5.80
’21 1.04 1.10 1.39 2.13 5.65
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 Trend 10 yrs 2027e 2028e 2029e Next 3/yr
Price, $
Price, $ Low 65.63 78.78 88.26 60.20 84.26 123.62 102.77 60.49 61.80 85.88 +3.0% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
High 110.86 116.65 119.71 114.32 149.37 177.19 161.10 151.22 132.48 142.40 +2.8% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
People
People Employees 176,800 176,100 182,100 193,100 199,327 210,565 207,548 211,826 214,710 153,032 (1.6%) ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Revenue/emp, $m 0.12 0.13 0.13 0.12 0.13 0.13 0.07 0.08 0.08 0.13 +0.9% ‡‡‡‡ ‡‡‡‡ ‡‡‡‡ ‡‡‡‡
Income, $m
Income, $m Revenue 20,719 22,246 22,823 23,611 25,509 26,321 15,412 16,781 17,579 19,412 (0.7%) 20,687 21,939 23,235 +6.2%
Gross margin, % 30.86 31.57 30.44 29.82 30.53 29.40 37.51 35.87 35.81 36.40 +5.5 pt
EBT 1,329 1,704 (1,309) 1,099 1,740 1,632 1,972 1,662 1,384 1,630 +2.3%
EBT margin, % 6.42 7.66 (5.74) 4.65 6.82 6.20 12.79 9.90 7.87 8.39 +2.0 pt
Net income 896 1,714 (1,591) 827 1,342 1,328 1,615 (998) (3,030) 1,283 +4.1%
Depreciation 693 627 3,405 965 691 716 365 401 527 648 (0.7%)
Per share, $
Per share, $ Revenue 87.91 93.94 95.94 99.54 107.91 115.49 69.05 76.45 81.50 94.32 +0.8%
Earnings 3.80 7.24 (6.69) 3.49 5.68 5.83 7.24 (4.55) (14.05) 6.23 +5.6%
Cash flow 7.10 6.38 7.42 7.88 11.49 6.28 6.35 10.94 10.17 10.64 +4.6%
Capex (2.40) (2.67) (3.43) (4.37) (3.76) (4.49) (2.88) (5.44) (6.02) (5.50) +9.7%
Free cash flow 4.70 3.71 3.99 3.51 7.73 1.79 3.47 5.49 4.14 5.14 +1.0%
Book value 22.87 30.33 23.72 26.37 30.82 33.87 39.21 33.32 18.44 18.25 (2.5%)
Shares, m 236 237 238 237 236 228 223 220 216 206 (1.5%)
Valuation, ×
Valuation, × P/E 20.31 15.91 0.00 24.95 17.76 22.51 20.74 0.00 0.00 18.73 14.1
P/S 0.88 1.22 1.01 0.87 0.93 1.14 2.18 1.06 0.90 1.24 1.1
P/B 3.38 3.79 4.08 3.30 3.27 3.87 3.83 3.89 3.97 6.42 4.0
EV/Sales 1.14 1.43 1.22 1.01 1.06 1.28 2.45 1.18 1.02 1.36 1.3
EV/FCF 21.35 36.22 29.28 28.67 14.78 82.57 48.76 26.28 20.08 25.01 33.3
Cash, $m
Cash, $m Operating cash flow 1,673 1,510 1,766 1,870 2,716 1,432 1,418 2,401 2,193 2,191 +3.0%
Capex (566) (632) (817) (1,037) (890) (1,023) (644) (1,195) (1,299) (1,133) +8.0%
Free cash flow 1,108 878 949 833 1,827 409 774 1,206 894 1,058 (0.5%)
Balance, $m
Balance, $m Working capital 1,832 1,717 2,198 723 1,321 1,433 2,142 1,436 521 218 (21.1%)
Total debt 6,322 5,678 4,265 3,772 4,574 4,825 4,872 3,426 3,431 2,432 (10.1%)
Net debt 5,451 4,580 3,843 3,233 3,158 3,840 4,229 3,001 2,175 1,714 (12.1%)
Shareholders’ equity 5,390 7,182 5,643 6,255 7,285 7,719 8,752 7,313 3,977 3,755 (3.9%)
Returns, %
Returns, % ROA 5.67 10.70 (10.66) 5.00 6.66 6.26 7.22 (4.43) (14.90) 7.99 +2.3 pt
ROIC 9.83 10.62 (6.19) 8.31 11.30 9.79 10.11 10.75 14.85 18.89 +9.1 pt
ROE 18.30 27.27 (24.81) 13.90 19.82 17.70 19.62 (12.43) (53.68) 33.17 +14.9 pt
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Earnings Trends EPS, adjusted, against the consensus

Q2 FY26 Estimate 1.13 Actual 1.39

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY25 1.09 1.21 Beat by 0.12
Q4 FY25 2.53 2.56 Beat by 0.03
Q1 FY26 1.53 1.74 Beat by 0.21
Q2 FY26 1.13 1.39 Beat by 0.26
Q3 FY26 0.95 — Reports 2 December 2026

Charts ten years each

Dollar Tree, Inc. 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. $960.9B 43.7× 41.3× +5.94% (above 0%: growing) −9.09% (below 0%: shrinking) +15.75% (above 0%: growing) 26.14% 4.99% Compare
COST Costco Wholesale Corporation $451.2B 48.9× 43.4× +11.10% (above 0%: growing) +14.80% (above 0%: growing) +30.72% (above 0%: growing) 12.74% 3.97% Compare
TGT Target Corporation $71.8B 16.3× 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 $30.7B 17.9× 17.0× +5.24% (above 0%: growing) +33.16% (above 0%: growing) −33.98% (below 0%: shrinking) 32.60% 6.81% Compare
DLTR Dollar Tree, Inc. $24.6B 16.0× 15.6× +7.02% (above 0%: growing) +196.70% (above 0%: growing) +4,013.41% (above 0%: growing) 42.91% 14.11%
BJ BJ's Wholesale Club Holdings, Inc. $13.5B 23.0× 21.9× +15.73% (above 0%: growing) +20.18% (above 0%: growing) +165.90% (above 0%: growing) 17.83% 4.05% Compare
TBBB BBB Foods Inc. $6.3B — (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 20.6× 20.1× +9.09% (above 0%: growing) +42.00% (above 0%: growing) +19.36% (above 0%: growing) 43.46% 14.63% Compare
PSMT PriceSmart, Inc. $5.3B 33.0× 30.7× +12.49% (above 0%: growing) +12.28% (above 0%: growing) −76.43% (below 0%: shrinking) 17.70% 4.43% Compare
Median of peers $22.1B 23.0× 21.9× +10.10% +20.18% +25.04% 21.99% 4.71%

All 10 Discount Stores stocks →

DLTR metrics, ten years each

Dollar Tree, Inc. (DLTR) key facts

  • Strength: Dollar Tree, Inc.’s revenue for fiscal 2026 (year ended January 2026) was $19.4 billion, up 10.4% from fiscal 2025.
  • Dollar Tree, Inc. (DLTR) is a Discount Stores company in the Consumer Defensive sector, listed on Nasdaq.
  • Net income was $1.3 billion, or $6.23 per share (basic), a net margin of 6.61%.
  • As of October 23, 2026, DLTR traded at $123.95, a market capitalization of $24.6 billion.
  • At that price the stock trades at 16.0× trailing-twelve-month earnings and 1.2× sales; its P/E is higher than 20% of its own readings over the past ten years.
  • Return on equity was 33.2% and debt-to-equity 0.86.
  • Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 3.76 (safe zone) for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.

Dollar Tree, Inc. (DLTR) Latest News

23 Oct

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