Dollar Tree Inc Financials

DLTR

Source SEC Filings (10-K/10-Q) Updated Nov 1, 2025 Currency USD FYE February

Financial Health Signals

Financial Profile 44/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Dollar Tree Inc has an operating margin of 8.3%, meaning the company retains $8 of operating profit per $100 of revenue. This results in a moderate score of 42/100, indicating healthy but not exceptional operating efficiency. This is down from 10.6% the prior year.

Growth

Dollar Tree Inc's revenue grew a modest 4.8% year-over-year to $17.6B. This slow but positive growth earns a score of 42/100.

Leverage

Dollar Tree Inc carries a low D/E ratio of 0.62, meaning only $0.62 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 88/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

Dollar Tree Inc's current ratio of 1.04 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 22/100, which could limit financial flexibility.

Cash Flow

Dollar Tree Inc's free cash flow margin of 5.1% results in a low score of 25/100. Capital expenditures of $1.3B absorb a large share of operating cash flow.

Altman Z-Score Grey Zone

2.60

Dollar Tree Inc scores 2.60, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Piotroski F-Score Neutral

5/9

Dollar Tree Inc passes 5 of 9 financial strength tests. 2 of 4 profitability signals pass, 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-0.72x

For every $1 of reported earnings, Dollar Tree Inc generates $-0.72 in operating cash flow ($2.2B OCF vs -$3.0B net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

This page shows Dollar Tree Inc (DLTR) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).

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Key Financial Metrics

Revenue

$17.6B

YoY+4.8%

5Y CAGR-5.7%

10Y CAGR+7.4%

Dollar Tree Inc generated $17.6B in revenue in fiscal year 2025. This represents an increase of 4.8% from the prior year.

EBITDA

$2.0B

YoY-8.6%

5Y CAGR+0.8%

10Y CAGR+4.8%

Dollar Tree Inc's EBITDA was $2.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 8.6% from the prior year.

Free Cash Flow

$892.8M

YoY-40.1%

5Y CAGR+1.3%

10Y CAGR+3.8%

Dollar Tree Inc generated $892.8M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 40.1% from the prior year.

Net Income

-$3.0B

YoY-203.5%

Dollar Tree Inc reported -$3.0B in net income in fiscal year 2025. This represents a decrease of 203.5% from the prior year.

EPS (Diluted)

$-14.03

YoY-209.0%

Dollar Tree Inc earned $-14.03 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 209.0% from the prior year.

Cash & Debt

$1.0B

YoY+157.9%

5Y CAGR-10.5%

10Y CAGR+1.5%

Dollar Tree Inc held $1.0B in cash against $2.4B in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

215M

YoY-1.3%

5Y CAGR-1.9%

10Y CAGR+0.4%

Dollar Tree Inc had 215M shares outstanding in fiscal year 2025. This represents a decrease of 1.3% from the prior year.

Gross Margin

35.7%

YoY-0.1pp

5Y CAGR+5.9pp

10Y CAGR+0.5pp

Dollar Tree Inc's gross margin was 35.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.

Operating Margin

8.3%

YoY-2.3pp

5Y CAGR+3.0pp

10Y CAGR-3.8pp

Dollar Tree Inc's operating margin was 8.3% in fiscal year 2025, reflecting core business profitability. This is down 2.3 percentage points from the prior year.

Net Margin

-17.2%

YoY-11.3pp

5Y CAGR-20.7pp

10Y CAGR-24.2pp

Dollar Tree Inc's net profit margin was -17.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 11.3 percentage points from the prior year.

Return on Equity

N/A

R&D Spending

N/A

Share Buybacks

$400.0M

YoY-20.0%

5Y CAGR+14.9%

Dollar Tree Inc spent $400.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 20.0% from the prior year.

Capital Expenditures

$1.3B

YoY+8.9%

5Y CAGR+4.7%

10Y CAGR+14.9%

Dollar Tree Inc invested $1.3B in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.9% from the prior year.

DLTR Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$17.6B+4.8%	$16.8B+8.9%	$15.4B-41.4%	$26.3B+3.2%	$25.5B+8.0%	$23.6B
Cost of Revenue	$11.3B+4.9%	$10.8B+11.7%	$9.6B-48.2%	$18.6B+4.9%	$17.7B+6.9%	$16.6B
Gross Profit	$6.3B+4.5%	$6.0B+4.0%	$5.8B-25.2%	$7.7B-0.8%	$7.8B+10.6%	$7.0B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$4.8B+13.8%	$4.2B+15.3%	$3.7B-37.9%	$5.9B+0.4%	$5.9B+8.0%	$5.5B
Operating Income	$1.5B-17.6%	$1.8B-15.5%	$2.1B+15.9%	$1.8B-4.1%	$1.9B+49.6%	$1.3B
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$341.1M-13.9%	$396.1M-16.0%	$471.6M+55.0%	$304.3M-23.5%	$397.9M+46.4%	$271.7M
Net Income	-$3.0B-203.5%	-$998.4M-161.8%	$1.6B+21.7%	$1.3B-1.0%	$1.3B+62.3%	$827.0M
EPS (Diluted)	$-14.03-209.0%	$-4.54-163.0%	$7.21+24.3%	$5.80+2.7%	$5.65+62.8%	$3.47

Metric	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24	Q4'24
Revenue	$4.8B+4.0%	$4.6B-1.5%	$4.6B-7.1%	$5.0B+15.1%	$4.3B+6.7%	$4.1B-2.4%	$4.2B-16.0%	$5.0B
Cost of Revenue	$3.0B+1.6%	$3.0B+0.3%	$3.0B-4.2%	$3.1B+11.2%	$2.8B+4.9%	$2.7B-0.6%	$2.7B	N/A
Gross Profit	$1.7B+8.3%	$1.6B-4.8%	$1.6B-12.3%	$1.9B+22.5%	$1.5B+10.3%	$1.4B-5.8%	$1.5B-23.6%	$1.9B
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.4B+2.6%	$1.4B+6.5%	$1.3B-6.0%	$1.3B+11.8%	$1.2B+2.4%	$1.2B+7.4%	$1.1B	N/A
Operating Income	$343.3M+48.6%	$231.0M-39.9%	$384.1M-28.0%	$533.6M+61.4%	$330.7M+53.2%	$215.8M-43.5%	$381.9M	N/A
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$76.7M+44.4%	$53.1M-51.6%	$109.6M-21.8%	$140.1M+100.1%	$70.0M+60.6%	$43.6M-50.1%	$87.4M	N/A
Net Income	$244.6M+29.8%	$188.4M-45.1%	$343.4M+109.3%	-$3.7B-1684.2%	$233.3M+76.2%	$132.4M-55.9%	$300.1M+117.6%	-$1.7B
EPS (Diluted)	$1.20+31.9%	$0.91-43.5%	$1.61+109.4%	$-17.17-1689.8%	$1.08+74.2%	$0.62-55.1%	$1.38+117.6%	$-7.83

DLTR Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$18.3B-17.3%	$22.1B-4.3%	$23.1B+3.3%	$22.4B+6.3%	$21.1B+2.8%	$20.5B
Current Assets	$8.6B+41.3%	$6.1B-3.0%	$6.3B-0.2%	$6.3B+18.4%	$5.3B+2.7%	$5.2B
Cash & Equivalents	$1.0B+157.9%	$390.6M-55.2%	$872.8M-28.4%	$1.2B-17.3%	$1.5B-16.0%	$1.8B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$422.6M0.0%	$422.8M-78.7%	$2.0B-0.1%	$2.0B-0.1%	$2.0B+0.2%	$2.0B
Total Liabilities	$14.4B-2.8%	$14.8B+4.1%	$14.2B+0.6%	$14.1B+3.6%	$13.6B-2.2%	$14.0B
Current Liabilities	$8.2B+73.2%	$4.8B+14.8%	$4.1B-3.5%	$4.3B+9.9%	$3.9B-13.4%	$4.5B
Long-Term Debt	$2.4B-29.1%	$3.4B+0.1%	$3.4B+0.1%	$3.4B+5.9%	$3.2B+0.1%	$3.2B
Total Equity	$3.9B-46.6%	$7.3B-17.8%	$8.9B+8.0%	$8.2B+11.2%	$7.4B+13.7%	$6.5B
Retained Earnings	$4.0B-46.2%	$7.4B-12.7%	$8.4B+19.6%	$7.0B	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24	Q4'24
Total Assets	$13.7B+2.0%	$13.4B-26.8%	$18.3B-1.9%	$18.6B-20.1%	$23.3B+3.2%	$22.6B+2.3%	$22.1B+0.4%	$22.0B
Current Assets	$3.7B+3.2%	$3.6B-58.0%	$8.6B-5.6%	$9.1B+37.3%	$6.6B+8.9%	$6.1B+0.2%	$6.1B-0.8%	$6.1B
Cash & Equivalents	$594.8M-10.7%	$666.3M-33.9%	$1.0B-19.8%	$1.3B+162.7%	$478.3M+25.8%	$380.2M-2.7%	$390.6M-8.1%	$425.2M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$422.2M0.0%	$422.4M0.0%	$422.6M+0.3%	$421.2M-0.3%	$422.3M0.0%	$422.5M-0.1%	$422.8M-0.1%	$423.3M
Total Liabilities	$10.2B+4.2%	$9.8B-32.0%	$14.4B-1.9%	$14.7B-6.6%	$15.7B+3.0%	$15.2B+3.0%	$14.8B+0.6%	$14.7B
Current Liabilities	$3.9B+11.6%	$3.5B-57.7%	$8.2B-4.1%	$8.6B+33.9%	$6.4B+6.9%	$6.0B+26.1%	$4.8B+1.3%	$4.7B
Long-Term Debt	$2.4B0.0%	$2.4B0.0%	$2.4B-0.1%	$2.4B0.0%	$2.4B+0.1%	$2.4B-29.1%	$3.4B0.0%	$3.4B
Total Equity	$3.5B-3.9%	$3.6B-7.7%	$3.9B-1.8%	$4.0B-47.9%	$7.6B+3.5%	$7.4B+0.9%	$7.3B0.0%	$7.3B
Retained Earnings	$3.5B-3.8%	$3.7B-7.6%	$4.0B+0.4%	$3.9B-48.4%	$7.6B+3.2%	$7.4B+0.7%	$7.4B+3.2%	$7.1B

DLTR Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$2.2B-18.3%	$2.7B+66.2%	$1.6B+12.8%	$1.4B-47.3%	$2.7B+45.3%	$1.9B
Capital Expenditures	$1.3B+8.9%	$1.2B+86.8%	$639.0M-37.4%	$1.0B+13.6%	$898.8M-13.1%	$1.0B
Free Cash Flow	$892.8M-40.1%	$1.5B+52.8%	$975.8M+137.8%	$410.3M-77.4%	$1.8B+117.7%	$835.0M
Investing Cash Flow	N/A	-$2.1B-68.1%	-$1.3B-22.9%	-$1.0B-14.6%	-$889.7M+12.8%	-$1.0B
Financing Cash Flow	-$411.3M+22.4%	-$530.0M+22.8%	-$686.8M+17.9%	-$836.5M+11.9%	-$949.9M-33.8%	-$709.8M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$400.0M-20.0%	$500.0M-22.8%	$647.5M-31.8%	$950.0M+137.5%	$400.0M+100.0%	$200.0M

Metric	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24	Q4'24
Operating Cash Flow	$319.3M+22.5%	$260.7M-31.1%	$378.5M-55.9%	$857.5M+43.4%	$598.1M+1324.0%	$42.0M-94.0%	$695.7M-44.6%	$1.3B
Capital Expenditures	$376.4M+53.6%	$245.1M-1.5%	$248.8M-15.6%	$294.8M-13.6%	$341.4M-1.8%	$347.8M+9.9%	$316.5M+356.5%	-$123.4M
Free Cash Flow	-$57.1M-466.0%	$15.6M-88.0%	$129.7M-77.0%	$562.7M+119.2%	$256.7M+183.9%	-$305.8M-180.6%	$379.2M-66.5%	$1.1B
Investing Cash Flow	N/A	N/A	N/A	N/A	-$409.1M+14.2%	-$477.0M-0.8%	-$473.0M+39.8%	-$785.3M
Financing Cash Flow	-$67.5M+94.4%	-$1.2B-172.3%	-$439.4M-27562.5%	$1.6M+100.6%	-$248.0M-301.8%	$122.9M+142.7%	-$287.8M-26.2%	-$228.1M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	$387.8M-21.9%	$496.5M+16.1%	$427.7M	$0	$0-100.0%	$127.8M-53.0%	$272.2M	$0

DLTR Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	35.7%-0.1pp	35.8%-1.7pp	37.5%+8.1pp	29.3%-1.2pp	30.5%+0.7pp	29.8%
Operating Margin	8.3%-2.3pp	10.6%-3.0pp	13.6%+6.7pp	6.9%-0.5pp	7.4%+2.0pp	5.3%
Net Margin	-17.2%-11.3pp	-5.9%-16.4pp	10.5%+5.4pp	5.0%-0.2pp	5.3%+1.8pp	3.5%
Return on Equity	N/A	N/A	18.1%+2.0pp	16.1%-2.0pp	18.1%+5.4pp	12.7%
Return on Assets	-16.6%-12.0pp	-4.5%-11.5pp	7.0%+1.1pp	5.9%-0.4pp	6.4%+2.3pp	4.0%
Current Ratio	1.04-0.2	1.28-0.2	1.51+0.0	1.46+0.1	1.36+0.2	1.15
Debt-to-Equity	0.62+0.2	0.47+0.1	0.38-0.0	0.41-0.0	0.44-0.1	0.49
FCF Margin	5.1%-3.8pp	8.9%+2.6pp	6.3%+4.8pp	1.6%-5.6pp	7.1%+3.6pp	3.5%

Metric	Q3'25	Q2'25	Q1'25	Q4'25	Q3'24	Q2'24	Q1'24	Q4'24
Gross Margin	35.8%+1.4pp	34.4%-1.2pp	35.5%-2.1pp	37.6%+2.3pp	35.3%+1.1pp	34.2%-1.2pp	35.4%-3.5pp	39.0%
Operating Margin	7.2%+2.2pp	5.1%-3.2pp	8.3%-2.4pp	10.7%+3.1pp	7.6%+2.3pp	5.3%-3.9pp	9.2%	N/A
Net Margin	5.1%+1.0pp	4.1%-3.3pp	7.4%+81.4pp	-74.0%-79.3pp	5.4%+2.1pp	3.3%-3.9pp	7.2%+41.7pp	-34.5%
Return on Equity	7.1%+1.8pp	5.2%-3.6pp	8.8%	N/A	3.1%+1.3pp	1.8%-2.3pp	4.1%	N/A
Return on Assets	1.8%+0.4pp	1.4%-0.5pp	1.9%+21.7pp	-19.8%-20.8pp	1.0%+0.4pp	0.6%-0.8pp	1.4%+9.1pp	-7.8%
Current Ratio	0.96-0.1	1.040.0	1.04-0.0	1.06+0.0	1.03+0.0	1.02-0.3	1.28-0.0	1.31
Debt-to-Equity	0.70+0.0	0.67+0.1	0.62+0.0	0.61+0.3	0.32-0.0	0.33-0.1	0.470.0	0.47
FCF Margin	-1.2%-1.5pp	0.3%-2.5pp	2.8%-8.5pp	11.3%+5.4pp	5.9%+13.4pp	-7.5%-16.6pp	9.1%-13.7pp	22.8%

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Frequently Asked Questions

What is Dollar Tree Inc's annual revenue?

Dollar Tree Inc (DLTR) reported $17.6B in total revenue for fiscal year 2025. This represents a 4.8% 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 Tree Inc's revenue growing?

Dollar Tree Inc (DLTR) revenue grew by 4.8% year-over-year, from $16.8B to $17.6B in fiscal year 2025.

Is Dollar Tree Inc profitable?

No, Dollar Tree Inc (DLTR) reported a net income of -$3.0B in fiscal year 2025, with a net profit margin of -17.2%.

What is Dollar Tree Inc's earnings per share (EPS)?

Dollar Tree Inc (DLTR) reported diluted earnings per share of $-14.03 for fiscal year 2025. This represents a -209.0% 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 Tree Inc's EBITDA?

Dollar Tree Inc (DLTR) had EBITDA of $2.0B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Dollar Tree Inc have?

As of fiscal year 2025, Dollar Tree Inc (DLTR) had $1.0B in cash and equivalents against $2.4B in long-term debt.

What is Dollar Tree Inc's gross margin?

Dollar Tree Inc (DLTR) had a gross margin of 35.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Dollar Tree Inc's operating margin?

Dollar Tree Inc (DLTR) had an operating margin of 8.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Dollar Tree Inc's net profit margin?

Dollar Tree Inc (DLTR) had a net profit margin of -17.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Dollar Tree Inc's free cash flow?

Dollar Tree Inc (DLTR) generated $892.8M in free cash flow during fiscal year 2025. This represents a -40.1% 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 Tree Inc's operating cash flow?

Dollar Tree Inc (DLTR) generated $2.2B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Dollar Tree Inc's total assets?

Dollar Tree Inc (DLTR) had $18.3B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Dollar Tree Inc's capital expenditures?

Dollar Tree Inc (DLTR) invested $1.3B in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Dollar Tree Inc buy back shares?

Yes, Dollar Tree Inc (DLTR) spent $400.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Dollar Tree Inc have outstanding?

Dollar Tree Inc (DLTR) had 215M shares outstanding as of fiscal year 2025.

What is Dollar Tree Inc's current ratio?

Dollar Tree Inc (DLTR) had a current ratio of 1.04 as of fiscal year 2025, which is considered adequate.

What is Dollar Tree Inc's debt-to-equity ratio?

Dollar Tree Inc (DLTR) had a debt-to-equity ratio of 0.62 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Dollar Tree Inc's return on assets (ROA)?

Dollar Tree Inc (DLTR) had a return on assets of -16.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Dollar Tree Inc's Altman Z-Score?

Dollar Tree Inc (DLTR) has an Altman Z-Score of 2.60, 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 Tree Inc's Piotroski F-Score?

Dollar Tree Inc (DLTR) has a Piotroski F-Score of 5 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 Tree Inc's earnings high quality?

Dollar Tree Inc (DLTR) has an earnings quality ratio of -0.72x, considered mixed 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 Tree Inc?

Dollar Tree Inc (DLTR) scores 44 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.