Explain this page
Arphra AIPlain-English read on Dollar General Corporation’s valuationRatios & metrics
Profitability, returns on capital, growth, and credit — all derived from the historical income statement, balance sheet, and cash flow rows in our data warehouse.
Quality composite
CMixed
A snapshot of the latest fiscal year’s margins, returns on capital, balance-sheet strength and efficiency, computed from the income statement, balance sheet and cash-flow rows. Source income / balance / cash_flow.
Profitability
Gross margin30.7%
Operating margin5.2%
Net margin3.5%
ROE17.8%
ROA4.9%
ROIC7.3%
Liquidity & leverage
Current ratio1.13×
Quick ratio0.22×
Debt / equity1.85×
Net debt / EBITDA4.49×
Interest coverage10×
Efficiency & per-share
Asset turnover1.38×
Inventory days78
Days sales out.0
FCF / share$10.84
Book value / share$38.55
Valuation multiples
Price- and EV-based multiples plus shareholder yields. Snapshot at each fiscal year-end from key_metrics (FMP).
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Headline | |||||||||
| Market cap | — | — | — | $15.62B | $31.57B | — | — | — | — |
| Enterprise value | — | — | — | $32.16B | $46.15B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 0.79 | 1.08 | — | — | — | — |
| EV / FCF | — | — | — | 19.07 | 19.28 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | +7.20% | +4.79% | — | — | — | — |
| Free cash flow yield | — | — | — | +10.79% | +7.58% | — | — | — | — |
| Dividend yield | — | — | — | — | — | — | — | — | — |
Profitability
Margin structure across the last 5 fiscal years
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Margins | |||||||||
| Gross margin | +31.60% | +31.23% | +30.29% | +29.59% | +30.66% | +29.43% | +29.51% | +30.54% | +30.08% |
| Operating margin | +9.41% | +8.79% | +6.32% | +4.22% | +5.16% | +5.24% | +5.31% | +5.10% | +5.17% |
| EBITDA margin | +11.29% | +10.71% | +8.52% | +6.61% | +7.61% | +7.58% | +7.35% | +7.45% | +7.46% |
| EBIT margin | +9.41% | +8.79% | +6.32% | +4.22% | +5.16% | +5.25% | +5.11% | +5.20% | +5.19% |
| Pre-tax margin | +8.95% | +8.24% | +5.48% | +3.55% | +4.60% | +4.50% | +4.43% | +4.64% | +4.44% |
| Net margin | +7.01% | +6.38% | +4.29% | +2.77% | +3.54% | +3.47% | +3.53% | +3.60% | +3.52% |
| Cost structure | |||||||||
| Cost of revenue / sales | +68.40% | +68.77% | +69.71% | +70.41% | +69.34% | +69.43% | +69.70% | +68.31% | +71.08% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +22.19% | +22.44% | +23.95% | +25.37% | +25.50% | +25.58% | +25.57% | +24.58% | +25.08% |
| Effective tax rate | +21.67% | +22.48% | +21.62% | +21.84% | +23.02% | +21.72% | +23.33% | +21.13% | +22.72% |
Returns on capital
ROE / ROA / ROC / ROIC over the relevant capital base, plus the 3-step DuPont decomposition of ROE.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Returns | |||||||||
| Return on equity (ROE) | +38.31% | +43.60% | +24.61% | +15.18% | +17.77% | +19.06% | +18.45% | +19.85% | +18.49% |
| Return on assets (ROA) | +9.11% | +8.31% | +5.39% | +3.61% | +4.88% | +4.67% | +4.67% | +4.61% | +4.74% |
| Return on capital (ROC) | +15.70% | +14.34% | +9.85% | +6.89% | +9.09% | +8.85% | +8.71% | +8.50% | +8.43% |
| Return on invested capital (ROIC) | +11.70% | +10.41% | +6.69% | +4.52% | +6.24% | +5.85% | +5.79% | +6.00% | +5.74% |
| Asset turnover | +129.98% | +130.13% | +125.64% | +130.45% | +137.98% | +134.73% | +132.33% | +128.19% | +134.85% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +7.01% | +6.38% | +4.29% | +2.77% | +3.54% | +3.47% | +3.53% | +3.60% | +3.52% |
| Asset turnover (× revenue / assets) | +129.98% | +130.13% | +125.64% | +130.45% | +137.98% | +134.73% | +132.33% | +128.19% | +134.85% |
| Equity multiplier (× assets / equity) | +420.43% | +524.80% | +456.29% | +419.93% | +363.77% | +408.11% | +394.94% | +430.56% | +389.63% |
Activity & efficiency
Turnover ratios and days-outstanding — how efficiently the business converts assets and working capital into sales and cash.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||
| Asset turnover | 1.30 | 1.30 | 1.26 | 1.30 | 1.38 | 1.35 | 1.32 | 1.28 | 1.35 |
| Fixed-asset turnover | 2.37 | 2.38 | 2.25 | 2.34 | 2.45 | — | — | — | — |
| Inventory turnover | 4.17 | 3.85 | 3.86 | 4.26 | 4.68 | — | — | — | — |
| Receivables turnover | 351.36 | 278.73 | 344.65 | 319.45 | 2490.06 | — | — | — | — |
| Payables turnover | 6.26 | 7.32 | 7.52 | 7.46 | 7.31 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | 1.04 | 1.31 | 1.06 | 1.14 | 0.15 | — | — | — | — |
| Days inventory outstanding (DIO) | 87.55 | 94.82 | 94.65 | 85.67 | 78.01 | — | — | — | — |
| Days payables outstanding (DPO) | 58.30 | 49.83 | 48.55 | 48.93 | 49.92 | — | — | — | — |
| Cash conversion cycle | 30.29 | 46.30 | 47.16 | 37.88 | 28.24 | — | — | — | — |
Cash flow quality
How well reported earnings translate into operating and free cash flow, plus reinvestment intensity.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF / Net income | 1.19 | 0.82 | 1.44 | 2.66 | 2.40 | 2.06 | 2.05 | 2.05 | 2.14 |
| FCF / Net income | 0.75 | 0.18 | 0.42 | 1.50 | 1.58 | 1.10 | 1.06 | 1.06 | 1.10 |
| FCF margin | +5.25% | +1.12% | +1.79% | +4.15% | +5.60% | +3.81% | +3.75% | +3.80% | +3.87% |
| OCF margin | +8.37% | +5.24% | +6.18% | +7.38% | +8.51% | +7.14% | +7.23% | +7.38% | +7.53% |
| CapEx / Revenue | +3.13% | +4.12% | +4.39% | +3.23% | +2.91% | +3.47% | +3.44% | +3.53% | +3.42% |
| CapEx / D&A | 1.67 | 2.15 | 2.00 | 1.35 | 1.19 | — | — | — | — |
| Stock-based comp / Revenue | +0.23% | +0.19% | +0.13% | +0.14% | +0.21% | — | — | — | — |
Per-share & shareholder yield
EPS, book value, sales, cash flow and dividends per share — plus payout / retention.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| EPS · diluted | 10.17 | 10.68 | 7.55 | 5.11 | 6.85 | 7.34 | 7.97 | 8.82 | 9.89 |
| EPS · basic | 10.24 | 10.73 | 7.57 | 5.12 | 6.87 | 7.37 | 7.96 | 8.88 | 9.81 |
| Book value / share | 26.55 | 24.49 | 30.69 | 33.69 | 38.55 | 36.82 | 40.07 | 39.50 | 43.22 |
| Tangible BV / share | 3.07 | 0.02 | 5.51 | 8.52 | 13.47 | 36.82 | 40.07 | 39.50 | 43.22 |
| Sales / share | 145.12 | 167.24 | 175.92 | 184.58 | 193.49 | 202.46 | 209.43 | 217.99 | 227.08 |
| Operating CF / share | 12.15 | 8.77 | 10.87 | 13.62 | 16.46 | 14.46 | 15.15 | 16.10 | 17.10 |
| Free cash flow / share | 7.61 | 1.87 | 3.14 | 7.66 | 10.84 | 7.72 | 7.85 | 8.29 | 8.78 |
| Dividends / share | 1.66 | 2.18 | 2.36 | 2.36 | 2.35 | 2.53 | 2.63 | 2.82 | 2.84 |
| Payout ratio | +16.35% | +20.44% | +31.18% | +46.12% | +34.35% | +36.09% | +35.64% | +35.99% | +35.58% |
| Retention ratio | +83.65% | +79.56% | +68.82% | +53.88% | +65.65% | +63.91% | +64.36% | +64.01% | +64.42% |
Growth
Year-over-year change for headline P&L lines, plus through-cycle CAGR
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E | 8y CAGR |
|---|---|---|---|---|---|---|---|---|---|---|
| Top-line | ||||||||||
| Revenue · YoY | — | +10.59% | +2.24% | +4.96% | +5.20% | +3.91% | +4.14% | +4.51% | +3.30% | +4.83% |
| Gross profit · YoY | — | +9.31% | -0.86% | +2.55% | +9.01% | -0.24% | +4.40% | +8.15% | +1.76% | +4.19% |
| Profit | ||||||||||
| Operating income · YoY | — | +3.34% | -26.50% | -29.93% | +28.56% | +5.65% | +5.54% | +0.24% | +4.73% | -2.74% |
| EBITDA · YoY | — | +4.94% | -18.70% | -18.49% | +21.01% | +3.53% | +1.02% | +5.96% | +3.42% | -0.45% |
| Net income · YoY | — | +0.70% | -31.24% | -32.27% | +34.40% | +1.78% | +6.03% | +6.47% | +1.07% | -3.83% |
| Operating | ||||||||||
| EBIT · YoY | — | +3.33% | -26.49% | -29.93% | +28.56% | +5.83% | +1.34% | +6.38% | +3.03% | -2.69% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +5.01% | -29.31% | -32.32% | +34.05% | +7.18% | +8.55% | +10.72% | +12.12% | -0.34% |
| EPS · basic · YoY | — | +4.79% | -29.45% | -32.36% | +34.18% | +7.23% | +8.09% | +11.52% | +10.42% | -0.54% |
Credit & leverage
Balance-sheet health + interest coverage + liquidity. Coverage ratios use period-end debt and trailing interest expense.
ActualEstimate
| In USD | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 | 2027E | 2028E | 2029E | 2030E |
|---|---|---|---|---|---|---|---|---|---|
| Leverage | |||||||||
| Total debt | $14.25B | $17.66B | $18.09B | $17.46B | $15.72B | $18.25B | $19.36B | $20.21B | $21.11B |
| Net debt | $13.9B | $17.28B | $17.55B | $16.53B | $14.58B | $17.29B | $18.37B | $19.19B | $20.03B |
| Net debt / EBITDA | 3.60 | 4.26 | 5.33 | 6.15 | 4.49 | 5.14 | 5.40 | 5.33 | 5.38 |
| Debt / equity | 2.28 | 3.19 | 2.68 | 2.36 | 1.85 | 2.26 | 2.19 | 2.31 | 2.22 |
| Debt / assets | +54.11% | +60.73% | +58.74% | +56.09% | +50.76% | +55.38% | +55.42% | +53.62% | +57.04% |
| Equity / assets | +23.79% | +19.05% | +21.92% | +23.81% | +27.49% | +24.50% | +25.32% | +23.23% | +25.67% |
| Coverage | |||||||||
| EBITDA / interest expense | 24.52 | 19.18 | 10.08 | 9.79 | 14.10 | 10.93 | 10.84 | 10.90 | 10.69 |
| Operating income / interest | 20.45 | 15.75 | 7.49 | 6.25 | 9.56 | 7.56 | 7.84 | 7.45 | 7.40 |
| Interest expense | $157.53M | $211.27M | $326.78M | $274.32M | $230.57M | $307.79M | $313.54M | $330.42M | $348.43M |
| Liquidity | |||||||||
| Current ratio | 1.05 | 1.29 | 1.19 | 1.19 | 1.13 | — | — | — | — |
| Quick ratio | 0.07 | 0.09 | 0.10 | 0.15 | 0.17 | — | — | — | — |
| Cash ratio | 0.06 | 0.06 | 0.08 | 0.14 | 0.16 | — | — | — | — |
| Working capital | $324.49M | $1.69B | $1.29B | $1.3B | $936.67M | — | — | — | — |
| Working capital / revenue | +0.95% | +4.47% | +3.32% | +3.19% | +2.19% | — | — | — | — |
Sourced from key_metrics + financial_ratios (loaded by load_fundamentals_extended.py).
Valuation
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| P / E | — | — |
| P / B | — | — |
| EV / EBITDA | — | — |
| EV / Sales | 1.08x | 0.79x |
| Earnings yield | 4.8% | 7.2% |
| FCF yield | 7.6% | 10.8% |
Returns
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 17.8% | 15.2% |
| ROA | 4.9% | 3.6% |
| ROIC | 6.6% | 5.1% |
Leverage & liquidity
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 4.49 | 6.15 |
| Interest coverage | — | — |
| Current ratio | 1.13x | 1.19x |
| Quick ratio | — | — |
Methodology. ROE / ROA / ROC use period-end balance-sheet denominators (no average-of- period smoothing). ROIC = Operating Income × (1 − inferred effective tax rate) over invested capital, with the effective tax inferred from net-to-operating income when both are positive and a 25% default otherwise. Net debt / EBITDA, debt ratios, and interest-coverage ratios are calculated point-in-time at each fiscal year-end. TTM = trailing 4 quarters (income / cash flow summed, balance sheet = most-recent quarterly snapshot). Through-cycle CAGR in the Growth panel uses the geometric mean of first-to-last period growth across the window (positive values only).