Dollar Tree
DLTR · NasdaqRetail-Variety Stores · Fiscal year ends Jan 30
Dollar Tree reported revenue of $19.4B in the fiscal year ended Jan 2026, up 10.4% from the year before. Operating income was $1.7B, an operating margin of 8.5%, and net income was $1.3B. Operating cash flow of $2.2B less capital expenditure of $1.1B left free cash flow of $1.1B. Net debt was $1.7B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $26.3B | $15.4B | $16.8B | $17.6B | $19.4B |
| Cost of revenue | $18.6B | $9.6B | $10.8B | $11.3B | $12.3B |
| Gross profit | $7.7B | $5.8B | $6B | $6.3B | $7.1B |
| Selling, general & admin | $5.9B | $3.7B | $4.2B | $4.8B | $5.5B |
| Operating income | $1.8B | $2.1B | $1.8B | $1.5B | $1.7B |
| Pre-tax income | $1.6B | $2B | $1.7B | $1.4B | $1.6B |
| Income tax | $304M | $472M | $396M | $341M | $404M |
| Net income | $1.3B | $1.6B | −$998M | −$3B | $1.3B |
| Diluted EPS | 5.80 | 7.21 | −4.54 | −14.03 | 6.22 |
| Diluted shares | 229M | 224M | 220M | 216M | 206M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $985M | $643M | $425M | $1.3B | $718M |
| Current assets | $5.6B | $6.4B | $6.1B | $9.1B | $3.4B |
| Net PP&E | $4.5B | $5B | $3.8B | $4.5B | $5B |
| Goodwill | $2B | $2B | $423M | $421M | $423M |
| Total assets | $21.7B | $23B | $22B | $18.6B | $13.5B |
| Payables | $1.9B | $1.9B | $1.2B | $1.7B | $1.5B |
| Current liabilities | $4.2B | $4.2B | $4.7B | $8.6B | $3.2B |
| Short-term debt | $0 | $0 | $0 | $1B | $0 |
| Long-term debt | $3.4B | $3.4B | $3.4B | $2.4B | $2.4B |
| Total liabilities | $14B | $14.3B | $14.7B | $14.7B | $9.7B |
| Shareholders' equity | $7.7B | $8.8B | $7.3B | $4B | $3.8B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $1.6B | $2.7B | $2.2B | $2.2B |
| Capital expenditure | $1B | $639M | $1.2B | $1.3B | $1.1B |
| Free cash flow | $410M | $976M | $1.5B | $893M | $1.1B |
| Depreciation & amortisation | $716M | $365M | $401M | $527M | $648M |
| Stock-based compensation | $80M | $92M | $76M | $107M | $59M |
| Share buybacks | $950M | $648M | $500M | $400M | $1.5B |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −41.4% | 8.9% | 4.7% | 10.4% |
| Operating income growth (YoY) | – | 15.9% | −15.5% | −17.6% | 13.1% |
| EPS growth (YoY) | – | 24.3% | −163.0% | – | – |
| Gross margin | 29.4% | 37.5% | 35.8% | 35.8% | 36.4% |
| Operating margin | 6.9% | 13.6% | 10.6% | 8.3% | 8.5% |
| Net margin | 5.0% | 10.5% | −6.0% | −17.2% | 6.6% |
| Return on equityBlank when equity is negative | 17.2% | 18.5% | −13.7% | −76.2% | 34.2% |
| ROCEEBIT ÷ (assets − current liabilities) | 10.3% | 11.2% | 10.2% | 14.5% | 16.1% |
| Free cash flow margin | 1.6% | 6.3% | 8.9% | 5.1% | 5.4% |
| Cash conversion (CFO ÷ net income) | 1.08x | 1.00x | −2.69x | −0.72x | 1.71x |
| Payable days | 37 | 72 | 40 | 55 | 45 |
| Debt ÷ equity | 0.44x | 0.39x | 0.47x | 0.86x | 0.65x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $2.4B | $2.8B | $3B | $2.2B | $1.7B |
| Current ratio | 1.34x | 1.51x | 1.31x | 1.06x | 1.07x |
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.