NASDAQ: DLTR
Dollar Tree
Consumer Staples · Retail-Variety Stores
52-week range
$85.88$142.40
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.$23.9B
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| Period | Market cap |
|---|---|
| FY2016, ended Jan 28, 2017 | $17.5B |
| FY2017, ended Feb 3, 2018 | $25.8B |
| FY2018, ended Feb 2, 2019 | $23.0B |
| FY2019, ended Feb 1, 2020 | $20.6B |
| FY2020, ended Jan 30, 2021 | $23.7B |
| FY2021, ended Jan 29, 2022 | $28.9B |
| FY2022, ended Jan 28, 2023 | $33.3B |
| FY2023, ended Feb 3, 2024 | $30.2B |
| FY2024, ended Feb 1, 2025 | $15.8B |
| FY2025, ended Jan 31, 2026 | $23.2B |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $23.9B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.$20.1B
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| Period | Revenue |
|---|---|
| FY2016, ended Jan 28, 2017 | $20.7B |
| FY2017, ended Feb 3, 2018 | $22.2B |
| FY2018, ended Feb 2, 2019 | $22.8B |
| FY2019, ended Feb 1, 2020 | $23.6B |
| FY2020, ended Jan 30, 2021 | $25.5B |
| FY2021, ended Jan 29, 2022 | $26.3B |
| FY2022, ended Jan 28, 2023 | $15.4B |
| FY2023, ended Feb 3, 2024 | $16.8B |
| FY2024, ended Feb 1, 2025 | $17.6B |
| FY2025, ended Jan 31, 2026 | $19.4B |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $20.1B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Jan 28, 2017 | $896M | $1.11B |
| FY2017, ended Feb 3, 2018 | $1.71B | $878M |
| FY2018, ended Feb 2, 2019 | −$1.59B | $949M |
| FY2019, ended Feb 1, 2020 | $827M | $835M |
| FY2020, ended Jan 30, 2021 | $1.34B | $1.82B |
| FY2021, ended Jan 29, 2022 | $1.33B | $410M |
| FY2022, ended Jan 28, 2023 | $1.62B | $976M |
| FY2023, ended Feb 3, 2024 | −$998M | $1.49B |
| FY2024, ended Feb 1, 2025 | −$3.03B | $893M |
| FY2025, ended Jan 31, 2026 | $1.28B | $1.06B |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $1.61B | $1.98B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.$1.06B
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Jan 28, 2017 | $866M |
| FY2017, ended Feb 3, 2018 | $1.10B |
| FY2018, ended Feb 2, 2019 | $422M |
| FY2019, ended Feb 1, 2020 | $539M |
| FY2020, ended Jan 30, 2021 | $1.42B |
| FY2021, ended Jan 29, 2022 | $985M |
| FY2022, ended Jan 28, 2023 | $643M |
| FY2023, ended Feb 3, 2024 | $425M |
| FY2024, ended Feb 1, 2025 | $1.26B |
| FY2025, ended Jan 31, 2026 | $718M |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $1.06B |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.$2.93B
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| Period | Total debt |
|---|---|
| FY2016, ended Jan 28, 2017 | $6.39B |
| FY2017, ended Feb 3, 2018 | $5.73B |
| FY2018, ended Feb 2, 2019 | $4.30B |
| FY2019, ended Feb 1, 2020 | $3.77B |
| FY2020, ended Jan 30, 2021 | $3.23B |
| FY2021, ended Jan 29, 2022 | $3.42B |
| FY2022, ended Jan 28, 2023 | $3.42B |
| FY2023, ended Feb 3, 2024 | $3.43B |
| FY2024, ended Feb 1, 2025 | $3.43B |
| FY2025, ended Jan 31, 2026 | $2.43B |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $2.93B |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 20.6% since 2016.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.188M
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Jan 28, 2017 | 236M |
| FY2017, ended Feb 3, 2018 | 237M |
| FY2018, ended Feb 2, 2019 | 238M |
| FY2019, ended Feb 1, 2020 | 237M |
| FY2020, ended Jan 30, 2021 | 233M |
| FY2021, ended Jan 29, 2022 | 225M |
| FY2022, ended Jan 28, 2023 | 221M |
| FY2023, ended Feb 3, 2024 | 218M |
| FY2024, ended Feb 1, 2025 | 215M |
| FY2025, ended Jan 31, 2026 | 197M |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | 188M |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Aug 1, 2026. Hover or tap a column for another year.Net: $1.76B more bought back than issued
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Jan 28, 2017 | — | $61.6M |
| FY2017, ended Feb 3, 2018 | $0 | $65.7M |
| FY2018, ended Feb 2, 2019 | $0 | $63.1M |
| FY2019, ended Feb 1, 2020 | $200M | $61.4M |
| FY2020, ended Jan 30, 2021 | $400M | $83.9M |
| FY2021, ended Jan 29, 2022 | $950M | $79.9M |
| FY2022, ended Jan 28, 2023 | $648M | $91.5M |
| FY2023, ended Feb 3, 2024 | $500M | $76.3M |
| FY2024, ended Feb 1, 2025 | $400M | $107M |
| FY2025, ended Jan 31, 2026 | $1.55B | $58.9M |
| Trailing 12 months to Aug 1, 2026 (through Q2 FY2026) | $1.83B | $68.0M |
Revenue (TTM)
$20.1B
+8.2% YoY
Net income (TTM)
$1.61B
n/m YoY
Cash
$1.06B
+58.8% YoY
Total debt
$2.93B
+7.5% YoY
Valuation
At current price- Market Cap
- $25.1B
- P/E
- 15.6×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 1.3×
- Price / Book
- 7.3×
- EV / EBITDA
- —. (Market cap + debt − cash) / EBITDA (TTM)
Growth
Trailing 12 months- Revenue (TTM)
- $20.1B
- Revenue Growth YoY
- 8.2%
- Revenue CAGR 3Y
- 8.0%
- Revenue CAGR 5Y
- −5.3%
- EPS Growth YoY
- n/m. Diluted EPS, TTM vs. TTM a year earlier
- Net Income Growth YoY
- n/m. TTM vs. TTM a year earlier
Profitability
Trailing 12 months- Gross Margin
- 38.7%
- Operating Margin
- 11.0%
- Net Margin
- 8.0%
- FCF Margin
- 9.9%
- Return on Equity
- 45.9%
Earnings
Trailing 12 months- Net Income
- $1.61B
- EPS (diluted)
- $8.14
- EBITDA
- —. Operating income + depreciation & amortization
- Operating Income
- $2.20B
Balance Sheet
As of Aug 1, 2026- Cash and cash equivalents
- $1.06B
- Total Debt
- $2.93B
- Net Debt
- $1.88B
- Total Assets
- $14.0B
- Total Liabilities
- $10.6B
- Shareholders' Equity
- $3.43B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $3.12B
- Capital Expenditure
- $1.14B
- Free Cash Flow
- $1.98B
Dividends and risk
Last 12 months- Dividend Yield
- 0.0%
- Dividend / Share
- $0.00
- Beta (5Y)
- 0.71
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 8.2% year over year, at $20.1B.
Strength
Operating margin widened 3.0 pts in a year, to 11.0%.
Watch
Carries $1.88B of net debt without positive EBITDA.
Note
Free cash flow of $1.98B, 9.9% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-K for the fiscal year ended Jan 31, 2026 · filed Mar 16, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K48Some concerns
48Some concerns
10-K for the fiscal year ended Feb 1, 2025
Filed Mar 26, 2025 · Read the filing on EDGAR
- Dollar Tree agreed on March 25, 2025 to sell Family Dollar for $1,007 million, with net proceeds of about $804 million, and now reports it as discontinued.
- Continuing sales rose 4.7% to $17.6 billion, but operating income fell 17.6% to $1.46 billion as store and overhead costs grew faster than sales.
- Family Dollar was written down by about $3.4 billion for the sale, plus $1.9 billion of goodwill and trade name write-downs.
- New US tariffs on China and other countries are a major new threat, since China supplies most of the company's direct imports.
Business momentum
Mixed
“Income from continuing operations was $1,042.5 million, or $4.83 per diluted share, compared to $1,265.8 million, or $5.76 per diluted share.”
Outlook
Cautious
“We expect these sales trends, and the resulting negative impact on operating income, to continue in the near-to-mid term.”
Financial stress
Low
“We believe that we can adequately fund our working capital requirements and planned capital expenditures for the next 12 months and the foreseeable future from net cash provided by operations, our commercial paper program and borrowings under our credit facilities.”
Tone against the previous report
About the same
Red flags
- Medium
Large write-down
“we determined that the Family Dollar business met the held for sale and discontinued operations accounting criteria and recognized an impairment of $3,438.8 million to reflect the write-down of the carrying value to fair value less costs to sell”
- Minor
Other
“In the first quarter of fiscal 2024, a tornado destroyed our distribution center in Marietta, Oklahoma.”
- Minor
Other
“Based on determinations by the Department of Commerce and International Trade Commission, we accrued $25.0 million related to additional duties on paper plates imported during fiscal 2024.”
Positives
A signed deal to exit the struggling Family Dollar business
“On March 25, 2025, the Company entered into a definitive agreement to sell the Family Dollar business to Brigade Capital Management, LP and Macellum Capital Management, LLC, for a purchase consideration of $1,007.0 million”
Sales grew, helped by more customer visits and new stores
“Comparable store net sales increased 1.8% in fiscal 2024, as a result of a 1.6% increase in customer traffic and a 0.1% increase in average ticket.”
Strong operating cash flow and nothing drawn on short-term credit lines
“At February 1, 2025, there were no borrowings outstanding under the revolving credit facility or the commercial paper program.”
Concerns
Profit margins shrank as overhead costs outpaced sales
“Operating income margin decreased to 8.3% in fiscal 2024 compared to 10.6% in fiscal 2023, resulting from the increase in the selling, general and administrative expense rate.”
Shoppers keep moving toward lower-margin everyday goods
“In fiscal 2024, we continued to experience a material shift in consumer purchasing from higher-margin discretionary merchandise to lower-margin consumable goods, and we expect this trend could continue in 2025.”
Supply chain spending and the lost distribution center will weigh on gross margin
“These investments are expected to negatively impact gross margin in the near-to-mid term.”
New risks since the previous report
New tariffs on China, Mexico, Canada and other sources could sharply raise merchandise costs
“In early 2025, the United States imposed or threatened to impose significant additional tariffs, including reciprocal tariffs, on China, Mexico, Canada and other countries from which we import goods.”
The Family Dollar sale could be delayed or fail to close
“if the pending sale of the Family Dollar business is delayed or is not completed on the terms set forth in the definitive purchase agreement or at all, our business, results of operations, financial condition, cash flows and/or stock price could be adversely affected.”
After the sale, the company would be smaller and rely almost entirely on Dollar Tree stores
“Our company following the sale would be smaller and less diversified than exists today, and our exposure to the risks inherent in our remaining business would increase.”
Customer accident claims are costing more than expected
“The increases were primarily due to general liability claims developing and paying out at amounts significantly higher than anticipated, resulting in higher actuarially determined accruals.”
Stranded costs and support obligations to Family Dollar may linger after the sale
“While we anticipate receiving payment for the transition services that we provide, we may not be able to recoup all of the underlying costs.”
Biggest risks named
- New tariffs and dependence on Chinese imports
- Completing the Family Dollar sale and relying on one smaller business afterward
- Rising wages, distribution and other operating costs
- Shoppers shifting to lower-margin goods amid economic pressure
- Theft and inventory losses at historically high levels
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | −3 | |
| Outlook | −2 | |
| Tone against the previous report | 0 | |
| Financial stress | 0 | |
| Red flags | −4.8 | |
| New risks | −2 | |
| Score | 48 | |
Written by AI (Claude Opus 5.5) from the report’s text. 17 of 17 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-K | Mar 16, 2026 | Pro | |||
| 10-K | Mar 26, 2025 | 48 | Mixed | 1 medium2 minor | |
| 10-K | Mar 20, 2024 | 33 | Sharp deterioration | 2 medium1 minor | |
| 10-K | Mar 10, 2023 | 63 | Strong improvement | 2 medium1 minor | |
| 10-K | Mar 15, 2022 | 48 | Stable | 2 medium1 minor | |
| 10-K | Mar 16, 2021 | 70 | Strong improvement | None | |
| 10-K | Mar 20, 2020 | 59 | Improving | 1 medium | |
| 10-K | Mar 27, 2019 | 34 | Sharp deterioration | 2 medium | |
| 10-K | Mar 16, 2018 | 70 | Strong improvement | 1 minor | |
| 10-K | Mar 28, 2017 | 71 | Strong improvement | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q2 FY2026 (period ended Aug 1, 2026), filed Aug 27, 2026. View filings on SEC EDGAR