DOLLAR TREE, INC. DLTR

Consumer discretionary SIC 5331 - Retail-Variety Stores NAICS Retail Trade › General Merchandise Retailers › Warehouse Clubs, Supercenters, and Other General Merchandise Retailers › All Other General Merchandise Retailers derived Nasdaq

We are a leading operator of retail discount stores operating under the brand names of Dollar Tree and Dollar Tree Canada. At January 31, 2026, we operated approximately 9,000 stores across 48 states and the District of Columbia and approximately 275 stores across seven Canadian provinces.

We believe the convenience and value we offer, as well as the "thrill-of-the-hunt" shopping experience where customers discover new celebratory and seasonal items every week, are key factors in serving and growing our base of loyal customers. We continue to execute on a number of strategic initiatives across our business to drive profitable growth for Dollar Tree as a standalone banner following the sale of Family Dollar. During our 2025 Investor Day held on October 15, 2025, we outlined our operational strategy for the years ahead, including an expanded, more relevant assortment, agile cost management, a more connected customer experience in stores, new store growth, and improved store conditions and operations, supported by an evolving supply chain, disciplined financial management and investment in our people. These initiatives are discussed below and in "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations."

Last close 125.31 2026-10-23
Market cap $23.51B 2026-08-01 share count
52-week range 85.88 - 142.40

Valuation FY2025 figures against the last close

P/S1.2x
P/E20.1x
P/FCF22.3x
EV/EBITDA11.0x
Dividend yield—
Diluted EPS6.22

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $19.40B$17.57B$16.77B$15.41B$26.31B$25.51B$23.61B$22.82B$22.25B$20.72B
Cost of revenue $12.35B$11.28B$10.76B$9.63B$18.58B$17.72B$16.57B$15.88B$15.22B$14.32B
Gross profit $7.05B$6.28B$6.01B$5.78B$7.73B$7.79B$7.04B$6.95B$7.02B$6.39B
SG&A $5.47B$4.83B$4.25B$3.68B$5.93B$5.90B$5.47B$5.16B$5.00B$4.69B
Operating income $1.65B$1.46B$1.77B$2.10B$1.81B$1.89B$1.26B-$939.5M$2.00B$1.70B
Interest expense ———————$370.0M$301.8M$375.5M
Pre-tax income $1.63B$1.38B$1.66B$1.97B$1.63B$1.74B$1.10B-$1.31B$1.70B$1.33B
Income tax $404.2M$341.1M$396.1M$471.6M$304.3M$397.9M$271.7M$281.8M$10.3M$433.2M
Net income $1.28B-$3.03B-$998.4M$1.62B$1.33B$1.34B$827.0M-$1.59B$1.71B$896.2M
EPS, basic 6.23-14.05-4.557.245.835.683.49-6.697.243.80
EPS, diluted 6.22-14.03-4.547.215.805.653.47-6.697.213.78
Shares, diluted (wtd. avg.) 206.3M215.9M219.9M224.1M229.0M237.3M238.3M237.9M237.7M236.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $717.8M$1.26B$757.2M$711.3M$1.04B$1.46B$586.0M$446.7M$1.10B$866.4M
Short-term investments ————————$0$4.0M
Receivables ——————$113.3M$100.9M——
Total current assets $3.45B$9.11B$6.13B$6.37B$5.61B$5.05B$4.27B$4.29B$4.58B$3.94B
Property, plant and equipment $4.96B$4.50B$3.82B$4.97B$4.48B$4.12B$3.88B$3.45B$3.20B$3.12B
Goodwill $423.2M$421.2M$423.3M$1.98B$1.98B$1.98B$1.98B$2.30B$5.03B$5.02B
Other intangibles ——————$0$288.7M——
Total assets $13.47B$18.64B$22.02B$23.02B$21.72B$20.70B$19.57B$13.50B$16.33B$15.70B
Accounts payable $1.53B$1.71B$1.17B$1.90B$1.88B$1.48B$1.34B$1.42B$1.17B$1.12B
Short-term debt $0$1.00B$0$0—$0$250.0M$0$915.9M$152.1M
Total current liabilities $3.23B$8.59B$4.70B$4.23B$4.18B$3.73B$3.55B$2.10B$2.86B$2.11B
Long-term debt $2.43B$2.43B$3.43B$3.42B$3.42B$3.23B$3.52B$4.27B$4.76B$6.17B
Total liabilities $9.71B$14.67B$14.71B$14.27B$14.00B$13.41B$13.32B$7.86B$9.15B$10.31B
Retained earnings $3.80B$3.94B$7.12B$8.12B$6.51B$5.18B$3.84B$3.08B$4.67B$2.95B
Total equity $3.75B$3.98B$7.31B$8.75B$7.72B$7.29B$6.25B$5.64B$7.18B$5.39B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $2.19B$2.19B$2.40B$1.42B$1.43B$2.72B$1.87B$1.77B$1.51B$1.67B
Depreciation and amortisation $648.1M$526.9M$400.5M$365.3M$716.0M$686.6M$645.4M$621.1M$611.2M$637.5M
Stock-based compensation $58.9M$106.9M$76.3M$91.5M$79.9M$83.9M$61.4M$63.1M$65.7M$61.6M
Capital expenditure $1.13B$1.30B$1.19B$639.0M$1.02B$898.8M$1.03B$817.1M$632.2M$564.7M
Investing cash flow -$648.7M-$1.25B-$1.19B-$643.7M-$1.02B-$889.7M-$1.02B-$816.7M-$627.9M-$483.6M
Financing cash flow -$2.56B-$411.3M-$530.0M-$686.8M-$836.5M-$949.9M-$709.8M-$1.60B-$651.5M-$1.06B
Buybacks $1.55B$400.0M$500.0M$647.5M$950.0M$400.0M$200.0M$0$0—

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 0001104659-26-053500.

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. -10B 0 10B 20B 30B Revenue, FY2016: 20.7B Gross profit, FY2016: 6.4B Net income, FY2016: 896.2M Revenue, FY2017: 22.2B Gross profit, FY2017: 7B Net income, FY2017: 1.7B Revenue, FY2018: 22.8B Gross profit, FY2018: 6.9B Net income, FY2018: -1.6B Revenue, FY2019: 23.6B Gross profit, FY2019: 7B Net income, FY2019: 827M Revenue, FY2020: 25.5B Gross profit, FY2020: 7.8B Net income, FY2020: 1.3B Revenue, FY2021: 26.3B Gross profit, FY2021: 7.7B Net income, FY2021: 1.3B Revenue, FY2022: 15.4B Gross profit, FY2022: 5.8B Net income, FY2022: 1.6B Revenue, FY2023: 16.8B Gross profit, FY2023: 6B Net income, FY2023: -998.4M Revenue, FY2024: 17.6B Gross profit, FY2024: 6.3B Net income, FY2024: -3B Revenue, FY2025: 19.4B Gross profit, FY2025: 7.1B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $20.72B $22.25B $22.82B $23.61B $25.51B $26.31B $15.41B $16.77B $17.57B $19.40B
Gross profit $6.39B $7.02B $6.95B $7.04B $7.79B $7.73B $5.78B $6.01B $6.28B $7.05B
Net income $896.2M $1.71B -$1.59B $827.0M $1.34B $1.33B $1.62B -$998.4M -$3.03B $1.28B

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
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Regulation FD disclosure Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Regulation FD disclosure Item 7.01
  • 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
  • Material agreement terminated An agreement that mattered has ended. Often the other half of a deal that fell through. Item 1.02
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03

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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