Dollar General Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Dollar General has an operating margin of 4.2%, meaning the company retains $4 of operating profit per $100 of revenue. This below-average margin results in a low score of 21/100, suggesting thin profitability after operating expenses. This is down from 6.3% the prior year.
Dollar General's revenue grew 5.0% year-over-year to $40.6B, a solid pace of expansion. This earns a growth score of 43/100.
Dollar General carries a low D/E ratio of 0.74, meaning only $0.74 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 84/100, indicating a strong balance sheet with room for future borrowing.
Dollar General's current ratio of 1.23 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 29/100, which could limit financial flexibility.
Dollar General's free cash flow margin of 4.2% results in a low score of 21/100. Capital expenditures of $1.3B absorb a large share of operating cash flow.
Dollar General's ROE of 14.6% shows moderate profitability relative to equity, earning a score of 58/100. This is down from 23.7% the prior year.
Dollar General scores 2.59, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Dollar General passes 6 of 9 financial strength tests. 3 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Dollar General generates $2.66 in operating cash flow ($3.0B OCF vs $1.1B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
This page shows Dollar General (DG) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Dollar General generated $40.6B in revenue in fiscal year 2025. This represents an increase of 5.0% from the prior year.
Dollar General's EBITDA was $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 18.5% from the prior year.
Dollar General generated $1.7B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 143.8% from the prior year.
Dollar General reported $1.1B in net income in fiscal year 2025. This represents a decrease of 32.3% from the prior year.
Dollar General earned $5.11 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 32.3% from the prior year.
Dollar General held $850.0M in cash against $5.7B in long-term debt as of fiscal year 2025.
Dollar General paid $2.36 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.
Dollar General had 220M shares outstanding in fiscal year 2025. This represents an increase of 0.1% from the prior year.
Dollar General's gross margin was 29.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the prior year.
Dollar General's operating margin was 4.2% in fiscal year 2025, reflecting core business profitability. This is down 2.1 percentage points from the prior year.
Dollar General's net profit margin was 2.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 1.5 percentage points from the prior year.
Dollar General's ROE was 14.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 9.1 percentage points from the prior year.
Dollar General invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 23.0% from the prior year.
DG Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $10.6B-0.7% | $10.7B+2.8% | $10.4B+2.5% | $10.2B-0.3% | $10.2B+3.0% | $9.9B+0.6% | $9.9B+1.7% | $9.7B |
| Cost of Revenue | $7.5B+1.3% | $7.4B+2.2% | $7.2B-0.6% | $7.2B+1.3% | $7.2B+3.3% | $6.9B-0.4% | $7.0B+1.0% | $6.9B |
| Gross Profit | $3.2B-5.3% | $3.4B+4.0% | $3.2B+10.0% | $2.9B-4.0% | $3.1B+2.3% | $3.0B+3.0% | $2.9B+3.3% | $2.8B |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $2.8B-0.3% | $2.8B+4.2% | $2.7B+1.6% | $2.6B+4.1% | $2.5B+2.6% | $2.4B+5.1% | $2.3B-2.2% | $2.4B |
| Operating Income | $425.9M-28.5% | $595.4M+3.4% | $576.1M+77.9% | $323.8M-41.1% | $550.0M+0.7% | $546.1M-5.8% | $579.7M+33.7% | $433.5M |
| Interest Expense | N/A | N/A | N/A | N/A | N/A | -$72.4M-193.9% | $77.1M-6.3% | $82.3M |
| Income Tax | $87.3M-30.9% | $126.3M+5.6% | $119.6M+101.2% | $59.4M-44.8% | $107.6M-2.5% | $110.4M+9.6% | $100.7M+34.4% | $74.9M |
| Net Income | $282.7M-31.3% | $411.4M+5.0% | $391.9M+99.4% | $196.5M-47.5% | $374.2M+3.0% | $363.3M-9.6% | $401.8M+45.5% | $276.2M |
| EPS (Diluted) | $1.28-31.2% | $1.86+4.5% | $1.78+100.0% | $0.89-47.6% | $1.70+3.0% | $1.65-9.3% | $1.82+44.4% | $1.26 |
DG Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $31.7B+0.2% | $31.7B+2.1% | $31.0B-1.5% | $31.5B-1.1% | $31.8B+2.6% | $31.0B+0.7% | $30.8B+0.6% | $30.6B |
| Current Assets | $8.4B-0.2% | $8.4B+6.4% | $7.9B-3.4% | $8.2B-6.3% | $8.7B+7.7% | $8.1B+1.1% | $8.0B-3.1% | $8.3B |
| Cash & Equivalents | $1.2B-3.4% | $1.3B+51.1% | $850.0M+58.2% | $537.3M-56.1% | $1.2B+69.7% | $720.7M+34.1% | $537.3M+47.0% | $365.4M |
| Inventory | $6.7B+0.7% | $6.6B+0.3% | $6.6B-7.4% | $7.1B+1.7% | $7.0B+1.0% | $6.9B-0.9% | $7.0B-4.9% | $7.4B |
| Accounts Receivable | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Goodwill | $4.3B0.0% | $4.3B0.0% | $4.3B0.0% | $4.3B0.0% | $4.3B0.0% | $4.3B0.0% | $4.3B0.0% | $4.3B |
| Total Liabilities | $23.5B-0.5% | $23.6B+1.5% | $23.3B-3.5% | $24.1B-1.8% | $24.6B+2.3% | $24.0B-0.2% | $24.0B-0.5% | $24.2B |
| Current Liabilities | $7.2B+6.7% | $6.7B+4.7% | $6.4B-9.9% | $7.1B-0.4% | $7.1B+7.5% | $6.6B-1.2% | $6.7B-0.9% | $6.8B |
| Long-Term Debt | $5.1B-10.6% | $5.7B0.0% | $5.7B0.0% | $5.7B-8.2% | $6.2B+0.2% | $6.2B-0.1% | $6.2B-3.2% | $6.4B |
| Total Equity | $8.2B+2.2% | $8.0B+4.0% | $7.7B+4.9% | $7.3B+1.1% | $7.3B+3.7% | $7.0B+3.7% | $6.7B+4.6% | $6.5B |
| Retained Earnings | $4.1B+3.9% | $3.9B+7.7% | $3.7B+9.7% | $3.3B+2.0% | $3.3B+8.1% | $3.0B+8.3% | $2.8B+10.8% | $2.5B |
DG Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.0B+3.7% | $967.7M+14.2% | $847.2M+56.2% | $542.4M-45.1% | $988.9M+49.0% | $663.8M-30.1% | $949.8M+32.8% | $715.3M |
| Capital Expenditures | $313.5M-22.2% | $403.0M+38.5% | $290.9M-14.8% | $341.4M-3.5% | $353.7M+3.4% | $342.0M-25.6% | $459.7M-2.7% | $472.6M |
| Free Cash Flow | $690.4M+22.3% | $564.7M+1.5% | $556.2M+176.7% | $201.0M-68.4% | $635.2M+97.4% | $321.8M-34.3% | $490.1M+101.9% | $242.7M |
| Investing Cash Flow | -$312.7M+22.0% | -$401.1M-38.1% | -$290.4M+14.8% | -$340.8M+3.5% | -$353.0M-3.5% | -$341.2M+25.6% | -$458.5M+2.6% | -$470.8M |
| Financing Cash Flow | -$735.2M-456.8% | -$132.0M+79.3% | -$639.3M+27.9% | -$887.1M-562.3% | -$133.9M+3.8% | -$139.2M+56.4% | -$319.5M-37.7% | -$232.0M |
| Dividends Paid | $129.9M0.0% | $129.9M+0.1% | $129.8M0.0% | $129.8M0.0% | $129.7M0.0% | $129.7M+0.1% | $129.6M+0.1% | $129.5M |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
DG Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'24 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 29.9%-1.4pp | 31.3%+0.4pp | 31.0%+2.1pp | 28.8%-1.1pp | 30.0%-0.2pp | 30.2%+0.7pp | 29.5%+0.5pp | 29.0% |
| Operating Margin | 4.0%-1.6pp | 5.5%+0.0pp | 5.5%+2.3pp | 3.2%-2.2pp | 5.4%-0.1pp | 5.5%-0.4pp | 5.9%+1.4pp | 4.5% |
| Net Margin | 2.6%-1.2pp | 3.8%+0.1pp | 3.8%+1.8pp | 1.9%-1.7pp | 3.7%0.0pp | 3.7%-0.4pp | 4.1%+1.2pp | 2.9% |
| Return on Equity | 3.5%-1.7pp | 5.1%+0.1pp | 5.1%+2.4pp | 2.7%-2.5pp | 5.1%-0.0pp | 5.2%-0.8pp | 5.9%+1.7pp | 4.3% |
| Return on Assets | 0.9%-0.4pp | 1.3%+0.0pp | 1.3%+0.6pp | 0.6%-0.6pp | 1.2%0.0pp | 1.2%-0.1pp | 1.3%+0.4pp | 0.9% |
| Current Ratio | 1.17-0.1 | 1.25+0.0 | 1.23+0.1 | 1.15-0.1 | 1.220.0 | 1.22+0.0 | 1.19-0.0 | 1.22 |
| Debt-to-Equity | 0.63-0.1 | 0.71-0.0 | 0.74-0.0 | 0.78-0.1 | 0.86-0.0 | 0.89-0.0 | 0.92-0.1 | 1.00 |
| FCF Margin | 6.5%+1.2pp | 5.3%-0.1pp | 5.3%+3.4pp | 2.0%-4.3pp | 6.2%+3.0pp | 3.3%-1.7pp | 5.0%+2.5pp | 2.5% |
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Frequently Asked Questions
What is Dollar General's annual revenue?
Dollar General (DG) reported $40.6B in total revenue for fiscal year 2025. This represents a 5.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dollar General's revenue growing?
Dollar General (DG) revenue grew by 5% year-over-year, from $38.7B to $40.6B in fiscal year 2025.
Is Dollar General profitable?
Yes, Dollar General (DG) reported a net income of $1.1B in fiscal year 2025, with a net profit margin of 2.8%.
What is Dollar General's earnings per share (EPS)?
Dollar General (DG) reported diluted earnings per share of $5.11 for fiscal year 2025. This represents a -32.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Dollar General's EBITDA?
Dollar General (DG) had EBITDA of $2.7B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Dollar General have?
As of fiscal year 2025, Dollar General (DG) had $850.0M in cash and equivalents against $5.7B in long-term debt.
What is Dollar General's gross margin?
Dollar General (DG) had a gross margin of 29.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Dollar General's operating margin?
Dollar General (DG) had an operating margin of 4.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Dollar General's net profit margin?
Dollar General (DG) had a net profit margin of 2.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Dollar General pay dividends?
Yes, Dollar General (DG) paid $2.36 per share in dividends during fiscal year 2025.
What is Dollar General's return on equity (ROE)?
Dollar General (DG) has a return on equity of 14.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dollar General's free cash flow?
Dollar General (DG) generated $1.7B in free cash flow during fiscal year 2025. This represents a 143.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dollar General's operating cash flow?
Dollar General (DG) generated $3.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dollar General's total assets?
Dollar General (DG) had $31.0B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dollar General's capital expenditures?
Dollar General (DG) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How many shares does Dollar General have outstanding?
Dollar General (DG) had 220M shares outstanding as of fiscal year 2025.
What is Dollar General's current ratio?
Dollar General (DG) had a current ratio of 1.23 as of fiscal year 2025, which is considered adequate.
What is Dollar General's debt-to-equity ratio?
Dollar General (DG) had a debt-to-equity ratio of 0.74 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dollar General's return on assets (ROA)?
Dollar General (DG) had a return on assets of 3.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dollar General's Altman Z-Score?
Dollar General (DG) has an Altman Z-Score of 2.59, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Dollar General's Piotroski F-Score?
Dollar General (DG) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dollar General's earnings high quality?
Dollar General (DG) has an earnings quality ratio of 2.66x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dollar General?
Dollar General (DG) scores 43 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.