DOLLAR GENERAL CORP DG
We are the largest discount retailer in the United States by number of stores, with 20,959 stores located in 48 U.S. states and Mexico as of February 27, 2026, with the greatest concentration of stores in the southern, southwestern, midwestern and eastern United States. Our first stores in Mexico opened in 2023. We offer a broad selection of merchandise, including consumable items, seasonal items, home products and apparel. Our merchandise includes national brands from leading manufacturers, as well as our own private brand selections with prices at substantial discounts to national brands. We offer our customers these national brand and private brand products at everyday low prices (typically $10 or less) in our convenient small-box locations.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $42.72B | $40.61B | $38.69B | $37.84B | $34.22B | $33.75B | $27.75B | $25.63B | $23.47B | $21.99B |
| Cost of revenue | $29.62B | $28.59B | $26.97B | $26.02B | $23.41B | $23.03B | $19.26B | $17.82B | $16.25B | $15.20B |
| Gross profit | $13.10B | $12.02B | $11.72B | $11.82B | $10.81B | $10.72B | $8.49B | $7.80B | $7.22B | $6.78B |
| SG&A | $10.90B | $10.30B | $9.27B | $8.49B | $7.59B | $7.16B | $6.19B | $5.69B | $5.21B | $4.72B |
| Operating income | $2.20B | $1.71B | $2.45B | $3.33B | $3.22B | $3.55B | $2.30B | $2.12B | $2.01B | $2.06B |
| Interest expense | — | — | $326.8M | $211.3M | $157.5M | $150.4M | $100.6M | $99.9M | $97.0M | $97.8M |
| Pre-tax income | $1.96B | $1.44B | $2.12B | $3.12B | $3.06B | $3.40B | $2.20B | $2.02B | $1.91B | $1.97B |
| Income tax | $452.3M | $314.5M | $458.2M | $700.6M | $663.9M | $749.3M | $489.2M | $425.9M | $368.3M | $714.5M |
| Net income | $1.51B | $1.13B | $1.66B | $2.42B | $2.40B | $2.66B | $1.71B | $1.59B | $1.54B | $1.25B |
| EPS, basic | 6.87 | 5.12 | 7.57 | 10.73 | 10.24 | 10.70 | 6.68 | 5.99 | 5.64 | 4.45 |
| EPS, diluted | 6.85 | 5.11 | 7.55 | 10.68 | 10.17 | 10.62 | 6.64 | 5.97 | 5.63 | 4.43 |
| Shares, diluted (wtd. avg.) | $220.8M | $220.0M | $219.9M | $226.3M | $235.8M | $250.1M | $258.1M | $266.1M | $273.4M | $282.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.14B | $932.6M | $537.3M | $381.6M | $344.8M | $1.38B | $240.3M | $235.5M | $267.4M | $187.9M |
| Inventory | $6.33B | $6.71B | $6.99B | $6.76B | $5.61B | $5.25B | $4.68B | $4.10B | $3.61B | $3.26B |
| Total current assets | $7.90B | $8.16B | $8.01B | $7.58B | $6.30B | $6.91B | $5.18B | $4.66B | $4.25B | $3.68B |
| Property, plant and equipment | — | $6.21B | $6.09B | $5.24B | $4.35B | $3.90B | $3.28B | $2.97B | $2.70B | $2.43B |
| Goodwill | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B | $4.34B |
| Other intangibles | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B | $1.20B |
| Total assets | $30.96B | $31.13B | $30.80B | $29.08B | $26.33B | $25.86B | $22.83B | $13.20B | $12.52B | $11.67B |
| Accounts payable | $4.05B | $3.83B | $3.59B | $3.55B | $3.74B | $3.61B | $2.86B | $2.39B | $2.01B | $1.56B |
| Total current liabilities | $6.96B | $6.87B | $6.73B | $5.89B | $5.98B | $5.71B | $4.54B | $3.02B | $2.96B | $2.62B |
| Long-term debt | — | — | — | — | $4.17B | $4.13B | $2.91B | — | — | — |
| Total liabilities | $22.45B | $23.72B | — | — | — | — | — | — | — | — |
| Retained earnings | $4.40B | $3.41B | $2.80B | $1.66B | $2.47B | $3.01B | $3.16B | $2.94B | $2.70B | $2.02B |
| Total equity | $8.51B | $7.41B | $6.75B | $5.54B | $6.26B | $6.66B | $6.70B | $6.42B | $6.13B | $5.41B |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $3.63B | $3.00B | $2.39B | $1.98B | $2.87B | $3.88B | $2.24B | $2.14B | $1.80B | $1.61B |
| Depreciation and amortisation | $1.05B | $971.7M | $848.8M | $724.9M | $641.3M | $574.2M | $504.8M | $454.1M | $404.2M | $379.9M |
| Stock-based compensation | $91.5M | $58.7M | $51.9M | $72.7M | $78.2M | $68.6M | $48.6M | $40.9M | $34.3M | $37.0M |
| Capital expenditure | $1.24B | $1.31B | $1.70B | $1.56B | $1.07B | $1.03B | $784.8M | $734.4M | $646.5M | $560.3M |
| Investing cash flow | -$1.24B | -$1.31B | -$1.69B | -$1.56B | -$1.07B | -$1.02B | -$782.5M | -$731.6M | -$645.0M | -$550.9M |
| Financing cash flow | -$2.19B | -$1.29B | -$542.1M | -$392.5M | -$2.83B | -$1.71B | -$1.45B | -$1.44B | -$1.08B | -$1.02B |
| Dividends paid | $519.5M | $519.0M | $518.0M | $493.7M | $392.2M | $355.9M | $327.6M | $306.5M | $282.9M | $281.1M |
| Buybacks | — | — | — | $2.75B | $2.55B | $2.47B | $1.20B | $1.01B | $579.7M | $990.5M |
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 0001104659-26-040394.
Others in SIC 5331
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|---|---|---|---|---|
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| TGT | TARGET CORP | $74.70B | 20.2x | -1.7% |
| DLTR | DOLLAR TREE, INC. | $24.66B | 21.1x | 10.4% |
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| PSMT | PRICESMART INC | $5.37B | 36.1x | 7.2% |
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