Explain this page
Arphra AIPlain-English read on Dollar Tree, Inc.’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
BSolid
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 margin36.4%
Operating margin8.2%
Net margin6.6%
ROE34.2%
ROA9.5%
ROIC15.7%
Liquidity & leverage
Current ratio1.07×
Quick ratio0.29×
Debt / equity1.23×
Net debt / EBITDA1.74×
Interest coverage19×
Efficiency & per-share
Asset turnover1.44×
Inventory days74
Days sales out.0
FCF / share$6.77
Book value / share$18.20
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 | — | — | — | $15.82B | $24.2B | — | — | — | — |
| Enterprise value | — | — | — | $22.4B | $28.11B | — | — | — | — |
| Multiples | |||||||||
| P / E | — | — | — | — | — | — | — | — | — |
| P / B | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / Sales | — | — | — | 1.27 | 1.45 | — | — | — | — |
| EV / FCF | — | — | — | 14.34 | 20.11 | — | — | — | — |
| Yields | |||||||||
| Earnings yield | — | — | — | -19.15% | +5.30% | — | — | — | — |
| Free cash flow yield | — | — | — | +9.87% | +5.77% | — | — | — | — |
| 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 | +29.40% | +37.51% | +35.87% | +35.81% | +36.40% | +36.64% | +36.65% | +35.11% | +35.05% |
| Operating margin | +6.88% | +13.62% | +10.57% | +8.32% | +8.23% | +9.02% | +9.17% | +8.86% | +9.18% |
| EBITDA margin | +9.60% | +15.99% | +12.96% | +11.48% | +11.57% | +12.12% | +11.80% | +12.35% | +12.07% |
| EBIT margin | +6.88% | +13.62% | +10.57% | +8.48% | +8.23% | +8.97% | +9.01% | +9.05% | +9.02% |
| Pre-tax margin | +6.20% | +12.79% | +9.90% | +7.87% | +8.39% | +8.62% | +8.71% | +8.67% | +8.98% |
| Net margin | +5.04% | +10.48% | -5.95% | -17.24% | +6.61% | -5.65% | -5.59% | -5.38% | -5.44% |
| Cost structure | |||||||||
| Cost of revenue / sales | +70.60% | +62.49% | +64.13% | +64.19% | +63.60% | +62.06% | +63.72% | +63.00% | +64.90% |
| R&D intensity | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| SG&A intensity | +22.51% | +23.89% | +25.30% | +27.49% | +28.17% | +26.60% | +27.06% | +26.27% | +27.11% |
| Effective tax rate | +18.64% | +23.92% | +23.83% | +24.65% | +24.81% | +24.05% | +24.61% | +24.22% | +23.57% |
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) | +17.20% | +18.46% | -13.65% | -76.18% | +34.16% | -20.12% | -19.38% | -19.56% | -19.86% |
| Return on assets (ROA) | +6.11% | +7.02% | -4.53% | -16.25% | +9.52% | -5.59% | -5.55% | -5.37% | -5.37% |
| Return on capital (ROC) | +10.24% | +11.12% | +12.09% | +12.38% | +19.07% | +13.91% | +13.62% | +13.64% | +14.19% |
| Return on invested capital (ROIC) | +7.51% | +8.56% | +9.06% | +9.29% | +15.31% | +10.44% | +10.21% | +10.23% | +10.64% |
| Asset turnover | +121.17% | +66.94% | +76.20% | +94.29% | +144.15% | +98.85% | +99.26% | +99.86% | +98.65% |
| DuPont · ROE decomposition | |||||||||
| Net margin | +5.04% | +10.48% | -5.95% | -17.24% | +6.61% | -5.65% | -5.59% | -5.38% | -5.44% |
| Asset turnover (× revenue / assets) | +121.17% | +66.94% | +76.20% | +94.29% | +144.15% | +98.85% | +99.26% | +99.86% | +98.65% |
| Equity multiplier (× assets / equity) | +281.43% | +263.06% | +301.15% | +468.75% | +358.63% | +360.15% | +349.18% | +364.21% | +369.89% |
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 | 1.21 | 0.67 | 0.76 | 0.94 | 1.44 | 0.99 | 0.99 | 1.00 | 0.99 |
| Fixed-asset turnover | 2.41 | 1.35 | 2.24 | 2.03 | 2.07 | — | — | — | — |
| Inventory turnover | 4.26 | 1.77 | 4.31 | 4.22 | 4.95 | — | — | — | — |
| Receivables turnover | — | — | — | — | — | — | — | — | — |
| Payables turnover | 9.86 | 5.07 | 9.22 | 6.62 | 8.06 | — | — | — | — |
| Days outstanding | |||||||||
| Days sales outstanding (DSO) | — | — | — | — | — | — | — | — | — |
| Days inventory outstanding (DIO) | 85.78 | 206.54 | 84.65 | 86.43 | 73.78 | — | — | — | — |
| Days payables outstanding (DPO) | 37.01 | 72.01 | 39.59 | 55.18 | 45.26 | — | — | — | — |
| Cash conversion cycle | 48.77 | 134.53 | 45.07 | 31.25 | 28.52 | — | — | — | — |
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 | 1.08 | 1.00 | -2.69 | -0.94 | 1.97 | -2.68 | -2.67 | -2.81 | -2.77 |
| FCF / Net income | 0.31 | 0.22 | -0.58 | -0.52 | 1.09 | -1.14 | -1.17 | -1.22 | -1.18 |
| FCF margin | +1.55% | +2.34% | +3.44% | +8.89% | +7.20% | +6.42% | +6.54% | +6.56% | +6.43% |
| OCF margin | +5.44% | +10.48% | +16.00% | +16.28% | +13.03% | +15.14% | +14.94% | +15.12% | +15.09% |
| CapEx / Revenue | +3.89% | +8.14% | +12.56% | +7.39% | +5.84% | +8.83% | +8.65% | +8.77% | +8.48% |
| CapEx / D&A | 1.43 | 1.63 | 2.51 | 2.47 | 1.75 | — | — | — | — |
| Stock-based comp / Revenue | +0.30% | +0.72% | +0.58% | +0.61% | +0.30% | — | — | — | — |
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 | 5.80 | 7.21 | -4.55 | -14.05 | 5.94 | 6.94 | 7.67 | 8.42 | 8.87 |
| EPS · basic | 5.83 | 7.24 | -4.55 | -14.05 | 6.22 | 7.04 | 7.73 | 8.44 | 8.91 |
| Book value / share | 33.71 | 39.05 | 33.32 | 18.42 | 18.20 | 27.99 | 30.58 | 30.70 | 32.41 |
| Tangible BV / share | 11.50 | 16.37 | 31.39 | 16.47 | 16.15 | 27.99 | 30.58 | 30.70 | 32.41 |
| Sales / share | 114.94 | 68.77 | 76.45 | 81.42 | 94.10 | 99.66 | 105.99 | 111.64 | 118.24 |
| Operating CF / share | 6.25 | 7.21 | 12.23 | 13.26 | 12.26 | 15.09 | 15.84 | 16.88 | 17.85 |
| Free cash flow / share | 1.78 | 1.61 | 2.63 | 7.23 | 6.77 | 6.40 | 6.93 | 7.33 | 7.60 |
| Dividends / share | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Payout ratio | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Retention ratio | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% | +100.00% |
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 | — | -41.45% | +8.89% | +4.75% | +10.43% | +6.34% | +5.88% | +5.56% | +4.89% | -1.05% |
| Gross profit · YoY | — | -25.28% | +4.12% | +4.56% | +12.27% | +7.03% | +5.92% | +1.10% | +4.73% | +1.16% |
| Profit | ||||||||||
| Operating income · YoY | — | +15.89% | -15.47% | -17.61% | +9.32% | +16.49% | +7.64% | +2.06% | +8.66% | +2.59% |
| EBITDA · YoY | — | -2.49% | -11.74% | -7.21% | +11.31% | +11.40% | +3.10% | +10.43% | +2.53% | +1.83% |
| Net income · YoY | — | +21.65% | -161.81% | -203.50% | +142.33% | -190.96% | -4.76% | -1.52% | -6.16% | — |
| Operating | ||||||||||
| EBIT · YoY | — | +15.89% | -15.46% | -15.97% | +7.18% | +15.83% | +6.32% | +6.13% | +4.44% | +2.35% |
| R&D · YoY | — | — | — | — | — | — | — | — | — | — |
| Per-share | ||||||||||
| EPS · diluted · YoY | — | +24.31% | -163.11% | -208.79% | +142.28% | +16.91% | +10.38% | +9.81% | +5.37% | +5.45% |
| EPS · basic · YoY | — | +24.19% | -162.85% | -208.79% | +144.27% | +13.26% | +9.69% | +9.26% | +5.52% | +5.44% |
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 | $9.97B | $10.13B | $7.37B | $7.83B | $4.62B | $7.58B | $8.41B | $8.65B | $9.03B |
| Net debt | $8.99B | $9.48B | $6.94B | $6.57B | $3.91B | $6.67B | $7.41B | $7.62B | $7.95B |
| Net debt / EBITDA | 3.56 | 3.85 | 3.19 | 3.26 | 1.74 | 2.67 | 2.87 | 2.68 | 2.72 |
| Debt / equity | 1.29 | 1.16 | 1.01 | 1.97 | 1.23 | 1.31 | 1.33 | 1.36 | 1.36 |
| Debt / assets | +45.90% | +43.99% | +33.46% | +42.00% | +34.34% | +36.31% | +38.20% | +37.45% | +36.82% |
| Equity / assets | +35.53% | +38.01% | +33.21% | +21.33% | +27.88% | +27.77% | +28.64% | +27.46% | +27.04% |
| Coverage | |||||||||
| EBITDA / interest expense | 14.13 | 19.37 | 19.33 | 18.77 | 26.27 | 20.61 | 20.01 | 21.77 | 21.47 |
| Operating income / interest | 10.13 | 16.50 | 15.77 | 13.60 | 18.69 | 15.34 | 15.54 | 15.63 | 16.33 |
| Interest expense | $178.9M | $127.2M | $112.5M | $107.5M | $85.5M | $121.39M | $128.92M | $130.88M | $136.07M |
| Liquidity | |||||||||
| Current ratio | 1.34 | 1.51 | 1.31 | 1.06 | 1.07 | — | — | — | — |
| Quick ratio | 0.24 | 0.15 | 0.09 | 0.15 | 0.22 | — | — | — | — |
| Cash ratio | 0.24 | 0.15 | 0.09 | 0.15 | 0.22 | — | — | — | — |
| Working capital | $1.43B | $2.14B | $1.44B | $521.3M | $217.6M | — | — | — | — |
| Working capital / revenue | +5.44% | +13.90% | +8.56% | +2.97% | +1.12% | — | — | — | — |
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 | 1.45x | 1.27x |
| Earnings yield | 5.3% | -19.2% |
| FCF yield | 5.8% | 9.9% |
Returns
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | — | — |
| ROE | 34.2% | -76.2% |
| ROA | 9.5% | -16.3% |
| ROIC | 10.7% | 9.2% |
Leverage & liquidity
| Metric | FY 2026 | FY 2025 |
|---|---|---|
| Debt / equity | — | — |
| Net debt / EBITDA | 1.74 | 3.26 |
| Interest coverage | — | — |
| Current ratio | 1.07x | 1.06x |
| 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).