DLTR

MKT CAP:$20B

Dollar Tree, Inc.

Market Cap

$20B

Consumer Defensive·Discount Stores·🇺🇸 United States·NASDAQ

Consumer Def.·Discount Stores·🇺🇸·NASDAQ

Stock Price

$102.25-$25.45 (-19.93%)

Apr 23, 2026

Company Details

Dollar Tree, Inc. operates discount variety retail stores. It operates in two segments, Dollar Tree and Family Dollar. The Dollar Tree segment offers merchandise at the fixed price of $ 1.25. It provides consumable merchandise, including ca...

CEO

Michael C. Creedon Jr.

IPO Date

Mar 7, 1995

Website

www.dollartree.com

Key Metrics TTM

Revenue

$30.9B

+5.4% YoY

Net Income

-$1.1B

EPS (Diluted)

-$5.18

Free Cash Flow

$597M

Revenue / Share

$143.60

Gross Margin

30.8%

Operating Margin

-3.4%

Net Margin

-3.7%

FCF Margin

1.9%

P/S

0.7x

P/E

—

Earnings Reports

FY 2025

Mar 16, 2026

$19.4BEPS $5.94

Q3 2024

Dec 4, 2024

$7.6B+3.5%EPS $1.08

Q2 2024

Sep 4, 2024

$7.4B+0.7%EPS $0.62

FY 2023

Mar 20, 2024

$16.8B+8.9%EPS -$4.55

Q4 2023

Mar 20, 2024

$8.6B+11.9%EPS -$7.85

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 20	$6.2B	$1.9B	$466M
Q4 20	$6.8B	$2.2B	$682M
Q1 21	$6.5B	$2.0B	$520M
Q2 21	$6.3B	$1.9B	$402M
Q3 21	$6.4B	$1.8B	$311M
Q4 21	$7.1B	$2.1B	$579M
Q1 22	$6.9B	$2.3B	$732M
Q2 22	$6.8B	$2.1B	$505M
Q3 22	$6.9B	$2.1B	$381M
Q4 22	$7.7B	$2.4B	$618M
Q1 23	$7.3B	$2.2B	$420M
Q2 23	$7.3B	$2.1B	$288M
Q3 23	$7.3B	$2.2B	$302M
Q4 23	$8.6B	$2.8B	-$1.9B
Q2 24	$7.4B	$2.2B	$203M
Q3 24	$7.6B	$2.3B	$333M

Valuation

Quarter	P/S	P/E
Q3 20	0.9x	22.2x
Q4 20	0.9x	17.5x
Q1 21	1.0x	18.1x
Q2 21	0.9x	14.9x
Q3 21	1.0x	18.1x
Q4 21	1.1x	22.3x
Q1 22	1.4x	24.6x
Q2 22	1.4x	23.6x
Q3 22	1.3x	21.7x
Q4 22	1.2x	20.4x
Q1 23	1.2x	24.5x
Q2 23	1.2x	27.7x
Q3 23	0.8x	20.6x
Q4 23	1.0x	—
Q2 24	0.7x	—
Q3 24	0.5x	—

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 20	$297M	$60M
Q4 20	$983M	$791M
Q1 21	$556M	$331M
Q2 21	$180M	-$49M
Q3 21	$283M	-$13M
Q4 21	$413M	$140M
Q1 22	$539M	$282M
Q2 22	-$18M	-$295M
Q3 22	$214M	-$179M
Q4 22	$881M	$553M
Q1 23	$752M	$399M
Q2 23	$172M	-$257M
Q3 23	$506M	-$36M
Q4 23	$1.3B	$470M
Q2 24	$307M	-$196M
Q3 24	$786M	$359M

Capital Expenditures

Quarter	CapEx
Q3 20	$236M
Q4 20	$191M
Q1 21	$225M
Q2 21	$229M
Q3 21	$296M
Q4 21	$273M
Q1 22	$256M
Q2 22	$277M
Q3 22	$393M
Q4 22	$328M
Q1 23	$353M
Q2 23	$428M
Q3 23	$541M
Q4 23	$785M
Q2 24	$503M
Q3 24	$426M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 20	+7.5%	+6.0%
Q4 20	+7.2%	+0.3%
Q1 21	+3.1%	+0.7%
Q2 21	+1.0%	+0.6%
Q3 21	+3.9%	+6.9%
Q4 21	+4.6%	+6.8%
Q1 22	+6.5%	+3.5%
Q2 22	+6.7%	+5.4%
Q3 22	+8.1%	+7.4%
Q4 22	+9.0%	+9.2%
Q1 23	+6.1%	+11.9%
Q2 23	+8.2%	+12.4%
Q3 23	+5.4%	+6.9%
Q4 23	+11.9%	+48.3%
Q2 24	+0.8%	+3.9%
Q3 24	+3.3%	+2.8%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 20	$15M	0.2%
Q4 20	$13M	0.2%
Q1 21	$32M	0.5%
Q2 21	$18M	0.3%
Q3 21	$14M	0.2%
Q4 21	$17M	0.2%
Q1 22	$36M	0.5%
Q2 22	$30M	0.4%
Q3 22	$25M	0.4%
Q4 22	$20M	0.3%
Q1 23	$28M	0.4%
Q2 23	$25M	0.3%
Q3 23	$23M	0.3%
Q4 23	$20M	0.2%
Q2 24	$28M	0.4%
Q3 24	$27M	0.4%

OpEx Breakdown

Quarter	SG&A
Q3 20	$1.5B
Q4 20	$1.5B
Q1 21	$1.4B
Q2 21	$1.5B
Q3 21	$1.5B
Q4 21	$1.6B
Q1 22	$1.6B
Q2 22	$1.6B
Q3 22	$1.7B
Q4 22	$1.8B
Q1 23	$1.8B
Q2 23	$1.9B
Q3 23	$1.9B
Q4 23	$3.6B
Q2 24	$2.0B
Q3 24	$2.0B

Revenue Segments

Quarter	Dollar Tree	Family Dollar
Q3 20	$3.3B	$2.9B
Q4 20	$3.7B	$3.1B
Q1 21	$3.3B	$3.2B
Q2 21	$3.3B	$3.1B
Q3 21	$3.4B	$3.0B
Q4 21	$3.9B	$3.2B
Q1 22	$3.8B	$3.1B
Q2 22	$3.6B	$3.2B
Q3 22	$3.8B	$3.2B
Q4 22	$4.3B	$3.4B
Q1 23	$3.9B	$3.4B
Q2 23	$3.9B	$3.4B
Q3 23	$4.0B	$3.3B
Q4 23	$5.0B	$3.7B
Q2 24	$4.1B	$3.3B
Q3 24	$4.3B	$3.2B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$1.2B	$0	$1.2B
Q2 22	$689M	$0	$689M
Q3 22	$439M	$0	$439M
Q4 22	$643M	$0	$643M
Q1 23	$873M	$0	$873M
Q2 23	$513M	$0	$513M
Q3 23	$445M	$0	$445M
Q4 23	$425M	$0	$425M
Q1 24	$619M	$0	$619M
Q2 24	$570M	$0	$570M
Q3 24	$698M	$0	$698M
Q4 24	$1.3B	$0	$1.3B
Q1 25	$1.0B	$0	$1.0B
Q2 25	$666M	$0	$666M
Q3 25	$595M	$0	$595M
Q4 25	$718M	$0	$718M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 20	238M	-0.1%	+0.2%
Q4 20	236M	-0.8%	-0.7%
Q1 21	234M	-0.6%	-1.3%
Q2 21	230M	-2.1%	-3.6%
Q3 21	226M	-1.6%	-5.1%
Q4 21	226M	+0.2%	-4.1%
Q1 22	226M	+0.0%	-3.4%
Q2 22	225M	-0.6%	-2.0%
Q3 22	223M	-0.9%	-1.2%
Q4 22	222M	-0.5%	-1.9%
Q1 23	222M	-0.1%	-2.1%
Q2 23	221M	-0.5%	-2.0%
Q3 23	219M	-0.6%	-1.7%
Q4 23	218M	-0.6%	-1.8%
Q2 24	215M	-1.2%	-2.9%
Q3 24	215M	0.0%	-2.4%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 20	$108.6K	57K
Q4 20	$112.4K	60K
Q1 21	$107.6K	60K
Q2 21	$105.3K	60K
Q3 21	$106.6K	60K
Q4 21	$114.4K	62K
Q1 22	$111.5K	62K
Q2 22	$109.4K	62K
Q3 22	$112.1K	62K
Q4 22	$118.7K	65K
Q1 23	$112.6K	65K
Q2 23	$112.7K	65K
Q3 23	$112.5K	65K
Q4 23	$131.1K	66K
Q2 24	$112.0K	66K
Q3 24	$114.9K	66K

Revenue / Employee