Discount stores
10 companies · $1.21T combined revenue · $52.3B operating profit
The typical US-listed discount stores company grew revenue 8.7% and earnings 12.6% in its latest year, at a 5% operating margin, and 6 of 10 earn a return on capital above 15%. Figures from each company's latest annual filing with the SEC, refreshed daily.
Growth engines: the 4 Cylinders
All four working: 0% of companiesA company's earnings per share can grow in only four ways: more sales, profits growing faster than sales (operating leverage), wider margins, and less debt. Each bar is the share of companies where that engine worked in their latest year.
- Sales growth · Revenue up 10% or more50%
- Operating leverage · Operating income growing faster than a growing revenue60%
- Margin expansion · Operating margin up 1 point or more10%
- Debt reduction · Debt down 5% or more, or net cash67%
Combined revenue · 9 companies reporting in US dollars
Combined operating margin
All 10 companies
| Median | – | 8.7% | 12.6% | 5% | 15.6% | 0.38x |
| WMTWalmart | $706B | 4.7%▼ | 12.6% | 4.2%▼ | 16.8%▲ | 0.38x |
| COSTCostco Wholesale | $303B | 10.1%▲ | 13.9%▲ | 3.9%▼ | 25.9%▲ | 0.17x▲ |
| TGTTarget | $105B | -1.7%▼ | -9.4%▼ | 4.9%▼ | 13.4%▼ | 0.89x▼ |
| DGDollar General | $42.7B | 5.2%▼ | 34.4%▲ | 5.2%▲ | 9.2%▼ | 0.54x▼ |
| DLTRDollar Tree | $19.4B | 10.4%▲ | – | 8.5%▲ | 16.1%▲ | 0.65x▼ |
| BJBJ's Wholesale Club | $21.5B | 4.7%▼ | 8.2%▼ | 3.8%▼ | 16.9%▲ | 0.24x▲ |
| FIVEFIVE Below | $4.8B | 22.9%▲ | 41.4%▲ | 9.6%▲ | 11.5%▼ | – |
| OLLIOllie's Bargain Outlet | $2.6B | 16.6%▲ | 20.4%▲ | 11.2%▲ | 11.7%▼ | 0.00x▲ |
| PSMTPricesmart | $5.3B | 7.2%▼ | 6.5%▼ | 4.4%▼ | 15.1%▼ | 0.15x▲ |
| MNSOMiniso | CNY 21.4B | 26.2%▲ | -54.1%▼ | 15.4%▲ | 16.4%▲ | 0.67x▼ |
▲ better than the median, ▼ worse. n/a: the ratio doesn't apply to that kind of business (e.g. a bank's operating margin). Sort by any column. Figures from each company's latest 10-K (or 20-F/40-F).