FirmAtlas
Company handbook · DLTR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
DLTR · CIK 935703 · LATEST FILING: 10-Q AUG '26 · FILED AUG 27, 2026
DOLLAR TREE, INC.
$124.18
−0.23 (−0.18%)
Close, Oct 16, 2026 · 52-week $86–142
Dollar Tree runs Dollar Tree discount stores in the U.S. and Canada that sell household goods, food, party supplies, seasonal items and toys, mostly at a set low price. It sold its Family Dollar chain in 2025.
Business
- ProductsConsumable 49% · Variety 46% · Seasonal 6% (FY25)
- CustomersConsumers; its own stores, most in small towns and suburban shopping areas
- Cash useFY24–FY25: capex $2.4B · buybacks $1.9B
Reinvested 56% of operating cash flow · returned 100% of free cash flow
Last fiscal year
DOLLAR TREE, INC. reported revenue of $19.4B for the year ended Jan 31, 2026 (FY25), up 10.4% from FY24. Net income was $1.3B, operating cash flow $2.2B and free cash flow $1.1B. Source: 10-K filed Mar 16, 2026.
Market cap
$24.7B
P/E
15.3
EV/EBITDA
11.4x
P/B
7.2
ROIC
20.2%
Revenue 1Y
10.4%/yr
EPS 1Y
n/m
Shares 1Y
−8%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOMichael Creedon
HQChesapeake, VA
AuditorKPMG LLP
Employees150,000
Year endsJanuary
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
4.9%
4.6%
4.1%
32.1%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$4.4B deployed
Capex
$2.4B
55.6%
Buybacks
$1.9B
44.4%
Operating cash flow over the period: $4.4B. Total debt changed by −$2.0B.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · FY25 = year ended Jan 31, 2026 · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Aug '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
17,566
19,396+10.4%
20,049
YoY
+10.4%
Gross profit
6,282
7,051+12.2%
—
Gross margin
35.8%
36.4%+0.6 pp
—
Operating income
1,462
1,653+13.1%
2,201
Operating margin
8.3%
8.5%+0.2 pp
—
EBITDA
1,989
2,301+15.7%
—
EBITDA margin
11.3%
11.9%+0.5 pp
—
Interest expense
133
125−5.6%
—
Interest coverage
14.98x
18.35x+3.37x
—
Net income
(3,030)
1,282n/m
1,612
YoY
n/m
Net margin
−17.2%
6.6%+23.9 pp
—
EPS (diluted, $)
−14.03
6.22n/m
8.21
YoY
n/m
Balance sheet
Total assets
18,644
13,466−27.8%
14,030
Cash & short-term investments
1,511
761−49.7%
—
Net PP&E
4,499
4,960+10.2%
—
Other assets
12,634
7,746−38.7%
—
Total liabilities
14,667
9,711−33.8%
10,604
Accounts payable
1,706
1,531−10.3%
—
Total debt
4,431
2,432−45.1%
2,934
Other liabilities
8,530
5,749−32.6%
—
Shareholders’ equity
3,977
3,755−5.6%
3,425
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
2,193
2,191−0.1%
3,117
Net income
(3,030)
1,282n/m
—
Depreciation & amortization
527
648+23.0%
—
Stock-based compensation
107
59−44.9%
—
Working capital & other
4,590
201−95.6%
—
Cash from investing
(1,249)
(649)n/m
—
Capex
(1,300)
(1,134)n/m
—
Other investing
51
485+849.7%
—
Cash from financing
(411)
(2,557)n/m
—
Buybacks
(400)
(1,548)n/m
—
Other financing
(11)
(1,009)n/m
—
Net change in cash
754
(750)−199.5%
—
Free cash flow (OCF − capex)
893
1,057+18.4%
1,978
Where the cash went
Operating cash flow
2,193
2,191−0.1%
3,117
Reinvested in the business
1,300
1,134−12.8%
—
% of operating cash flow
59.3%
51.8%
Capex
1,300
1,134−12.8%
1,139
Free cash flow
893
1,057+18.4%
1,978
YoY
+18.4%
Returned to shareholders
400
1,548+287.0%
—
% of free cash flow
44.8%
146.5%
Buybacks
400
1,548+287.0%
—
Change in total debt
—
(2,000)
—
Cash left over
—
(2,491)
—
FCF conversion (FCF ÷ net income)
—
82.4%
—
Owner earnings
—
622
—
Owner earnings margin
—
3.2%
—
Returns & ratios
ROIC (all capital)
16.0%
20.2%+4.2 pp
—
ROIC (operating)
39.4%
40.0%+0.5 pp
—
Net debt / EBITDA
1.47x
0.73x−0.74x
—
Debt / equity
1.11x
0.65x−0.47x
—
ROE
−76.2%
34.2%+110.3 pp
—
ROA
−16.3%
9.5%+25.8 pp
—
ROCE
14.5%
16.1%+1.6 pp
—
NOPAT
1,102
1,243+12.8%
—
Invested capital (operating)
2,794
3,429+22.7%
—
Invested capital (all)
6,897
5,426−21.3%
—
Reinvestment rate
—
51.1%
—
Days payable
55
45−10 d
—
Income
Nov '25
Jan '26
May '26
Aug '26
Revenue
4,746
5,446
4,970
4,886
vs year-ago quarter
Gross profit
1,700
2,131
—
—
Gross margin
35.8%
39.1%
—
—
Operating income
343
695
473
690
Net income
245
506
347
514
vs year-ago quarter
Net margin
5.2%
9.3%
7.0%
10.5%
EPS (diluted, $)
1.20
2.55
1.76
2.70
vs year-ago quarter
Balance sheet
Nov '25
Jan '26
May '26
Aug '26
Total assets
13,656
13,466
13,824
14,030
Cash & equivalents
595
761
1,007
1,058
Total debt
3,050
2,432
2,933
2,934
Shareholders’ equity
3,465
3,755
3,507
3,425
Cash flow
Nov '25
Jan '26
May '26
Aug '26
Operating cash flow
319
1,232
644
922
Capex
376
264
252
246
Free cash flow
(57)
968
392
675
vs year-ago quarter