DILLARD'S, INC. DDS

Consumer discretionary SIC 5311 - Retail-Department Stores NAICS Retail Trade › General Merchandise Retailers derived NYSE

Dillard's, Inc. ("Dillard's", the "Company", "we", "us", "our" or "Registrant") ranks among the nation's largest fashion apparel, cosmetics and home furnishing retailers. The Company, originally founded in 1938 by William T. Dillard, was incorporated in Delaware in 1964 (and was reincorporated in Texas in 2025). As of January 31, 2026, we operated 271 Dillard's stores, including 28 clearance centers, and an Internet store at dillards.com offering a wide selection of merchandise including fashion apparel for women, men and children, accessories, cosmetics, home furnishings and other consumer goods. The Company also operates a general contracting construction company, CDI Contractors, LLC ("CDI"), a portion of whose business includes constructing and remodeling stores for the Company.

Last close 695.68 2026-10-23
Market cap $10.87B estimated share count
52-week range 503.06 - 741.98

Valuation FY2025 figures against the last close

P/S1.7x
P/E19.1x
P/FCF17.4x
EV/EBITDA—
Dividend yield4.5%
Diluted EPS36.42

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Retail Operations
  • Construction
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Retail Operations, FY2025: 6.2B (96.3%) 96% Retail Operations Construction, FY2025: 242.1M (3.7%) 4% FY2024 Retail Operations, FY2024: 6.2B (95.9%) 96% Construction, FY2024: 264.1M (4.1%) 4% FY2023 Retail Operations, FY2023: 6.5B (96.0%) 96% Construction, FY2023: 272.5M (4.0%) 4%
Segment FY2025FY2024FY2023
Retail Operations $6.23B $6.22B $6.48B
Construction $242.1M $264.1M $272.5M

As the company reported it, from the “Business Segments - Information by segment (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $6.47B$6.48B$6.75B$6.87B$6.49B$4.43B$6.34B$6.50B$6.42B$6.42B
Cost of revenue $3.92B$3.92B$4.03B$3.98B$3.75B$3.07B$4.24B$4.29B$4.20B$4.17B
Gross profit $2.56B$2.56B$2.72B$2.89B$2.75B$1.23B$1.97B$2.06B$2.06B$2.09B
SG&A $1.76B$1.73B$1.72B$1.67B$1.54B$1.21B$1.69B$1.69B$1.68B$1.65B
Interest expense $41.0M$39.9M$40.6M$43.4M$43.1M$49.1M$46.2M$52.5M$62.6M$63.1M
Pre-tax income $694.5M$729.7M$916.6M$1.11B$1.09B-$153.4M$133.9M$208.0M$212.7M$257.7M
Income tax $124.7M$136.2M$177.8M$217.8M$225.9M$81.8M$22.8M$37.7M$7.8M$88.5M
Net income $570.2M$593.5M$738.8M$891.6M$862.5M-$71.7M$111.1M$170.3M$221.3M$169.2M
EPS, basic 36.4236.8244.7350.8141.88-3.164.386.237.514.93
EPS, diluted 36.4236.8244.7350.8141.88-3.164.386.237.514.93
Shares, diluted (wtd. avg.) 15,65516,12016,51717,54920,59222,69725.4M27.3M29.5M34.3M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $861.5M$717.9M$808.3M$660.3M$716.8M$360.3M$277.1M$123.5M$187.0M$347.0M
Receivables $39.7M$55.7M$60.5M$57.0M$39.8M$36.7M$46.2M$49.9M$38.4M$48.2M
Total current assets $2.39B$2.37B$2.21B$2.07B$1.91B$1.66B$1.85B$1.77B$1.74B$1.84B
Property, plant and equipment —————$1.29B$1.46B$1.59B$1.70B$1.79B
Total assets $3.51B$3.53B$3.45B$3.33B$3.25B$3.09B$3.43B$3.43B$3.68B$3.90B
Accounts payable $772.4M$795.0M$782.5M$828.5M$886.2M$758.4M$892.8M$921.2M$845.3M$839.3M
Short-term debt ———————$0$160.9M$87.2M
Total current liabilities $902.1M$834.9M$827.8M$859.0M$966.2M$772.9M$930.8M$933.5M$1.05B$976.5M
Long-term debt ——————$365.7M$365.6M$365.4M$526.1M
Retained earnings $6.31B$6.23B$6.05B$5.65B$5.03B$4.47B$4.56B$4.46B$4.37B$4.15B
Total equity $1.78B$1.80B$1.70B$1.60B$1.45B$1.44B$1.62B$1.68B$1.71B$1.72B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $717.0M$714.1M$883.6M$948.4M$1.28B$252.9M$365.1M$367.3M$274.3M$512.2M
Capital expenditure $93.4M$104.6M$132.9M$120.1M$104.4M$60.5M$103.4M$137.1M$130.5M$104.8M
Investing cash flow $22.5M-$269.7M-$115.6M-$235.9M-$69.8M-$48.4M-$68.1M-$127.7M-$110.2M-$114.9M
Financing cash flow -$595.9M-$534.8M-$620.0M-$769.0M-$853.8M-$121.3M-$143.4M-$303.1M-$324.0M-$253.2M
Dividends paid $484.9M$413.8M$338.6M$271.3M$305.2M$14.0M$11.5M$11.1M$9.4M$9.8M
Buybacks $107.8M$121.0M$281.4M$452.9M$544.9M$102.9M$130.9M$129.9M$223.0M$240.2M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-039765.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -2B 0 2B 4B 6B 8B Revenue, FY2016: 6.4B Gross profit, FY2016: 2.1B Net income, FY2016: 169.2M Revenue, FY2017: 6.4B Gross profit, FY2017: 2.1B Net income, FY2017: 221.3M Revenue, FY2018: 6.5B Gross profit, FY2018: 2.1B Net income, FY2018: 170.3M Revenue, FY2019: 6.3B Gross profit, FY2019: 2B Net income, FY2019: 111.1M Revenue, FY2020: 4.4B Gross profit, FY2020: 1.2B Net income, FY2020: -71.7M Revenue, FY2021: 6.5B Gross profit, FY2021: 2.7B Net income, FY2021: 862.5M Revenue, FY2022: 6.9B Gross profit, FY2022: 2.9B Net income, FY2022: 891.6M Revenue, FY2023: 6.8B Gross profit, FY2023: 2.7B Net income, FY2023: 738.8M Revenue, FY2024: 6.5B Gross profit, FY2024: 2.6B Net income, FY2024: 593.5M Revenue, FY2025: 6.5B Gross profit, FY2025: 2.6B Net income, FY2025: 570.2M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $6.42B $6.42B $6.50B $6.34B $4.43B $6.49B $6.87B $6.75B $6.48B $6.47B
Gross profit $2.09B $2.06B $2.06B $1.97B $1.23B $2.75B $2.89B $2.72B $2.56B $2.56B
Net income $169.2M $221.3M $170.3M $111.1M -$71.7M $862.5M $891.6M $738.8M $593.5M $570.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Acquisition or disposal completed A purchase or sale of a significant business or asset has closed. Item 2.01
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Unregistered share sale Item 3.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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