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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.

Revenue
+7.02%
EPS
+196.7%
Free cash flow
+4,013.4%
Total debt
+7.49%

Quarter to July 2026, against a year earlier

141.32 1.58 −1.11%
Market cap
$26.8B
P/E
17.4×
Fwd P/E
16.5×
Dividend yield
—
F-score
8/9
ROIC
26.0%
Net debt / EBITDA
0.7×
Dividend safety
n/a
Overview Business Profile Earnings & Analysis
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios
Segments Valuation Filings

Revenue by segment Fiscal 2026

  • Dollar Tree

Every year since 2017 →

Insider Decisions last twelve months

Net sold
$249.0M
Trades
5 sells · 0 buys
Ownership
1.74%

Capital & Financial Ratios $m

Size
Market Cap 26,810
Revenue ttm 20,069
Net income ttm 1,613
Free cash flow ttm 1,978
Net debt Q 1,875
Valuation
P/E 17.4
Forward P/E 16.5
Price / sales 1.4
Forward P/S Powerpack
Price / FCF 13.8
Price / book 7.9 (above 6: high)
Financial health
Current ratio Q 1.1
Debt / equity Q 0.9
Interest coverage Q 38.8
Growth
Revenue growth Q +7.0% (above 0%: growing)
Operating income growth Q +198.7% (above 0%: growing)
EPS, this year +37.4% (at or above 15%: strong)
EPS, next year A −0.3% (below 0%: weak)
Revenue, next year A +6.6%
EPS, past 5 yrs +1.9%
EPS, next 5 yrs A +14.8%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates; n/m is not meaningful, as a P/E on a loss. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 1.5×, 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 24.99%
10-year low 10-year high
P/S against its own 10 years 86.20%
10-year low 10-year high
P/B against its own 10 years 99.08%
10-year low 10-year high
EV/Sales against its own 10 years 81.36%
10-year low 10-year high
EV/FCF against its own 10 years 5.43%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

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%)

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 0.88 — Reports 24 November 2026

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.

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.

Valuation

The price implies free cash flow after share-based pay growing 2.6% a year for ten years. It grew 3.5% a year over the last ten.

Implied
2.6%
10 years, reported
3.5%
Open the model

Target Price Range

Analyst price targets

Recommendation Rating

2.6
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 20,719 22,246 22,823 23,611 25,509 26,321 15,412 16,781 17,579 19,412 20,069 (0.7%) 20,685 21,934 23,219 +6.2%
Gross margin, % 30.86 31.57 30.44 29.82 30.53 29.40 37.51 35.87 35.81 36.40 38.74 +5.5 pt
EBT 1,329 1,704 (1,309) 1,099 1,740 1,632 1,972 1,662 1,384 1,630 2,147 +2.3%
EBT margin, % 6.42 7.66 (5.74) 4.65 6.82 6.20 12.79 9.90 7.87 8.39 10.70 +2.0 pt
Net income 896 1,714 (1,591) 827 1,342 1,328 1,615 (998) (3,030) 1,283 1,613 +4.1%
Per share, $
Per share, $ Revenue 87.91 93.94 95.94 99.54 107.91 115.49 69.05 76.45 81.50 94.32 105.29 +0.8%
Earnings 3.80 7.24 (6.69) 3.49 5.68 5.83 7.24 (4.55) (14.05) 6.23 8.20 +5.6%
Cash flow 7.10 6.38 7.42 7.88 11.49 6.28 6.35 10.94 10.17 10.64 16.35 +4.6%
Capex (2.40) (2.67) (3.43) (4.37) (3.76) (4.49) (2.88) (5.44) (6.02) (5.50) (5.98) +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 10.38 +1.0%
Book value 22.87 30.33 23.72 26.37 30.82 33.87 39.21 33.32 18.44 18.25 17.97 (2.5%)
Shares, m 236 237 238 237 236 228 223 220 216 206 199 (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 17.40 14.1
P/S 0.88 1.22 1.01 0.87 0.93 1.14 2.18 1.06 0.90 1.24 1.36 1.1
P/B 3.38 3.79 4.08 3.30 3.27 3.87 3.83 3.89 3.97 6.42 7.94 4.0
EV/Sales 1.14 1.43 1.22 1.01 1.06 1.28 2.45 1.18 1.02 1.36 1.48 1.3
EV/FCF 21.35 36.22 29.28 28.67 14.78 82.57 48.76 26.28 20.08 25.01 15.01 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 3,117 +3.0%
Capex (566) (632) (817) (1,037) (890) (1,023) (644) (1,195) (1,299) (1,133) (1,139) +8.0%
Free cash flow 1,108 878 949 833 1,827 409 774 1,206 894 1,058 1,978 (0.5%)
Balance, $m
Balance, $m Working capital 1,832 1,717 2,198 723 1,321 1,433 2,142 1,436 521 218 442 (21.1%)
Net debt 5,451 4,580 3,843 3,233 3,158 3,840 4,229 3,001 2,175 1,714 1,875 (12.1%)
Shareholders’ equity 5,390 7,182 5,643 6,255 7,285 7,719 8,752 7,313 3,977 3,755 3,425 (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 11.76 +2.3 pt
ROIC 9.83 10.62 (6.19) 8.31 11.30 9.79 10.11 10.75 14.85 18.89 25.96 +9.1 pt
ROE 18.30 27.27 (24.81) 13.90 19.82 17.70 19.62 (12.43) (53.68) 33.17 45.87 +14.9 pt
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%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Jan 2026 · latest quarter Jul 2026

Business profile

Updated

Dollar Tree is a discount-store operator founded in 1986 and headquartered in Chesapeake. It operates under the Dollar Tree and Dollar Tree Canada brands, with Michael C. Creedon, Jr. as chief executive officer.

The company sells everyday basics alongside discretionary merchandise intended for household needs, celebrations and seasonal occasions. Consumables include household paper and chemicals, food, candy, health and personal-care products, and, in most stores, frozen and refrigerated food. Discretionary merchandise includes toys, housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and holiday merchandise.

Where the money comes from and where it goes Fiscal 2026

Fiscal 2026: revenue by segment, and margins
Dollar Tree 19,396 99.92%
Gross margin 36.40%
Operating margin 8.52%
Pre-tax margin 8.39%

Revenue by segment since 2017

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. $997.0B 45.3× 43.6× +5.94% (above 0%: growing) −9.09% (below 0%: shrinking) +15.75% (above 0%: growing) 26.14% 4.99% Compare
COST Costco Wholesale Corporation $482.0B 52.3× 46.2× +11.10% (above 0%: growing) +14.80% (above 0%: growing) +30.30% (above 0%: growing) 12.74% 3.97% Compare
TGT Target Corporation $73.9B 16.8× 15.1× +5.27% (above 0%: growing) +100.49% (above 0%: growing) +141.23% (above 0%: growing) 33.67% 9.65% Compare
DG Dollar General Corporation $30.3B 17.8× 16.9× +5.24% (above 0%: growing) +33.16% (above 0%: growing) −33.98% (below 0%: shrinking) 32.60% 6.81% Compare
DLTR Dollar Tree, Inc. $26.8B 17.4× 16.5× +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. $14.0B 24.0× 23.2× +15.73% (above 0%: growing) +20.18% (above 0%: growing) +165.90% (above 0%: growing) 17.83% 4.05% Compare
TBBB BBB Foods Inc. $8.5B — (loss-making) — (loss-making) +51.24% (above 0%: growing) n/m +672.97% (above 0%: growing) 16.68% 2.40% Compare
OLLI Ollie's Bargain Outlet Holdings, Inc. $5.7B 21.2× 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. $5.2B 30.6× 27.2× +13.92% (above 0%: growing) +22.00% (above 0%: growing) +74.71% (above 0%: growing) 17.60% 3.76% Compare
Median of peers $22.2B 24.0× 23.2× +10.10% +22.00% +52.51% 21.99% 4.52%

All 10 Discount Stores stocks →

From the latest earnings call

Updated

  • CEO Mike Creedon said customer traffic turned positive earlier than expected as Dollar Tree broadened its assortment and worked to improve store conditions.
  • CFO Stewart Glendinning said tariff refunds lifted quarterly earnings, while Dollar Tree is reinvesting some proceeds in pricing, marketing and store operations.

Largest institutional holders 13F, quarter to 30 June 2026

Held by institutions 101.60%
Held by the ten largest 54.28%
Holder Shares Stake Change
Fidelity (FMR) 24.96m 12.99% +5.47m
Vanguard 22.15m 11.53% −409.18k
BlackRock 15.93m 8.29% +103.84k
EdgePoint Investment Group Inc. 9.58m 4.99% +1.28m
State Street 8.94m 4.65% −187.55k
T. Rowe Price 6.18m 3.22% −8.24m
Geode Capital Management 5.00m 2.60% −52.21k
Goldman Sachs 4.28m 2.23% +1.41m
PRIMECAP Management 3.77m 1.96% +40.00k
Invesco 3.51m 1.83% +259.96k
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 1 May 2026

Ownership

Directors and executive officers, together 7.10%
The Vanguard Group, Inc. 12.20%
FMR LLC 8.30%
BlackRock, Inc. 7.90%
Paul C. Hilal 7.00%
Mantle Ridge LP 7.00%
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 Tree, Inc. (DLTR) Latest News

26 Oct

Impact 3 · · StockStory

23 Oct

Impact 4 · · Simply Wall St.
Impact 4 · · Business Wire
Impact 3 · · 24/7 Wall St.

14 Oct

Impact 3 · · Moneywise

9 Oct

Impact 3 · · Simply Wall St.

8 Oct

Impact 4 · · thehustle.videonest.co
Impact 3 · · Simply Wall St.

7 Oct

Impact 3 · · 24/7 Wall St.

6 Oct

Impact 3 · · Insider Monkey

5 Oct

Impact 3 · · GlobeNewswire

24 Sep

Impact 4 · · StockStory

23 Sep

Impact 4 ·

22 Sep

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

19 Sep

Impact 3 · · TheStreet

15 Sep

Impact 3 ·

10 Sep

Impact 3 ·

2 Sep

Impact 4 ·

1 Sep

Impact 3 · · TheStreet

31 Aug

Impact 4 · · The Motley Fool transcript

30 Aug

Impact 3 ·

29 Aug

Impact 3 · · TheStreet

28 Aug

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

DLTR metrics, ten years each

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