Dollar General
DG · NYSERetail-Variety Stores · Fiscal year ends Jan 29
Dollar General reported revenue of $42.7B in the fiscal year ended Jan 2026, up 5.2% from the year before. Operating income was $2.2B, an operating margin of 5.2%, and net income was $1.5B. Operating cash flow of $3.6B less capital expenditure of $1.2B left free cash flow of $2.4B. Net debt was $3.4B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Feb 2023 | Feb 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $34.2B | $37.8B | $38.7B | $40.6B | $42.7B |
| Cost of revenue | $23.4B | $26B | $27B | $28.6B | $29.6B |
| Gross profit | $10.8B | $11.8B | $11.7B | $12B | $13.1B |
| Selling, general & admin | $7.6B | $8.5B | $9.3B | $10.3B | $10.9B |
| Operating income | $3.2B | $3.3B | $2.4B | $1.7B | $2.2B |
| Interest expense | $158M | $211M | $327M | – | – |
| Pre-tax income | $3.1B | $3.1B | $2.1B | $1.4B | $2B |
| Income tax | $664M | $701M | $458M | $315M | $452M |
| Net income | $2.4B | $2.4B | $1.7B | $1.1B | $1.5B |
| Diluted EPS | 10.17 | 10.68 | 7.55 | 5.11 | 6.85 |
| Diluted shares | 236M | 226M | 220M | 220M | 221M |
Balance sheet
| Fiscal year | Jan 2022 | Feb 2023 | Feb 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $345M | $382M | $537M | $933M | $1.1B |
| Inventory | $5.6B | $6.8B | $7B | $6.7B | $6.3B |
| Current assets | $6.3B | $7.6B | $8B | $8.2B | $7.9B |
| Net PP&E | $4.3B | $5.2B | $6.1B | $6.2B | – |
| Goodwill | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B |
| Total assets | $26.3B | $29.1B | $30.8B | $31.1B | $31B |
| Payables | $3.7B | $3.6B | $3.6B | $3.8B | $4.1B |
| Current liabilities | $6B | $5.9B | $6.7B | $6.9B | $7B |
| Long-term debt | $4.2B | $7B | $6.2B | $5.7B | $4.6B |
| Total liabilities | – | – | – | $23.7B | $22.5B |
| Shareholders' equity | $6.3B | $5.5B | $6.7B | $7.4B | $8.5B |
Cash flow
| Fiscal year | Jan 2022 | Feb 2023 | Feb 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $2.9B | $2B | $2.4B | $3B | $3.6B |
| Capital expenditure | $1.1B | $1.6B | $1.7B | $1.3B | $1.2B |
| Free cash flow | $1.8B | $424M | $692M | $1.7B | $2.4B |
| Depreciation & amortisation | $641M | $725M | $849M | $972M | $1B |
| Stock-based compensation | $78M | $73M | $52M | $59M | $91M |
| Share buybacks | $2.5B | $2.7B | – | – | – |
| Dividends paid | $392M | $494M | $518M | $519M | $520M |
| Dividend per share | 1.68 | 2.20 | 2.36 | 2.36 | 2.36 |
Key ratios
| Fiscal year | Jan 2022 | Feb 2023 | Feb 2024 | Jan 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 10.6% | 2.2% | 5.0% | 5.2% |
| Operating income growth (YoY) | – | 3.3% | −26.5% | −29.9% | 28.6% |
| EPS growth (YoY) | – | 5.0% | −29.3% | −32.3% | 34.1% |
| Gross margin | 31.6% | 31.2% | 30.3% | 29.6% | 30.7% |
| Operating margin | 9.4% | 8.8% | 6.3% | 4.2% | 5.2% |
| Net margin | 7.0% | 6.4% | 4.3% | 2.8% | 3.5% |
| Return on equityBlank when equity is negative | 38.3% | 43.6% | 24.6% | 15.2% | 17.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 15.8% | 14.3% | 10.2% | 7.1% | 9.2% |
| Free cash flow margin | 5.2% | 1.1% | 1.8% | 4.2% | 5.6% |
| Cash conversion (CFO ÷ net income) | 1.19x | 0.82x | 1.44x | 2.66x | 2.40x |
| Inventory days | 88 | 95 | 95 | 86 | 78 |
| Payable days | 58 | 50 | 49 | 49 | 50 |
| Interest cover | 20.4x | 15.8x | 7.49x | – | – |
| Debt ÷ equity | 0.67x | 1.26x | 0.92x | 0.77x | 0.54x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $3.8B | $6.6B | $5.7B | $4.8B | $3.4B |
| Current ratio | 1.05x | 1.29x | 1.19x | 1.19x | 1.13x |
Recent filings
More in Retail-Variety Stores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.