DOLLAR TREE, INC. DLTR

Consumer discretionary SIC 5331 - Retail-Variety Stores 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 131.42 2026-09-04
Market cap $24.66B 2026-08-01 share count
52-week range 84.71 - 142.40

Valuation FY2025 figures against the last close

P/S1.3x
P/E21.1x
P/FCF23.3x
EV/EBITDA11.5x
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.) $206.3M$215.9M$219.9M$224.1M$229.0M$237.3M$238.3M$237.9M$237.7M$236.8M

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.

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