Dollar Tree, Inc.DLTR
NasdaqGS•Consumer Defensive•Discount Stores
Dollar Tree, Inc. operates retail discount stores under the Dollar Tree and Dollar Tree Canada brands in the United States and Canada. The company offers consumable merchandise comprising everyday consumables, such as household paper and chemicals, food, candy, health, personal care products, and frozen and refrigerated food; variety merchandise consisting of toys, durable housewares, gifts, stationery, party goods, greeting cards, softlines, arts and crafts supplies, and other items; and seasonal goods, including Christmas, Easter, Halloween, and Valentine's Day merchandise. The company was founded in 1986 and is based in Chesapeake, Virginia.
Dollar Tree, Inc. (DLTR) reported trailing twelve months revenue of $19.73B as of May 2026, a 0.8% increase year-over-year. Quarterly revenue reached $4.97B, reflecting continued top-line momentum.
Dollar Tree, Inc. generated $1.29B in TTM net income, with quarterly EBITDA of $473.30M. The operating margin expanded from 8.3% to 9.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (9.5%) and net margin (7.0%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 7.4% a year ago, reflecting increased costs or interest expense.
DLTR trades at a P/E of 14.5x (below the broader market average) and a P/S of 0.9x. The price-to-book ratio of 5.3x indicates a significant premium over book value.
The company generated $391.50M in free cash flow over the trailing twelve months, a 201.9% increase year-over-year, indicating cash generation ability. The balance sheet shows $13.82B in total assets with $2.93B in long-term debt against $3.51B in stockholders equity for a debt-to-equity ratio of 0.8. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are under pressure, averaging 6.3%. The business may lack pricing power or face rising costs.'
ROE averages 15.2% but has fluctuated — the competitive advantage may be cyclical or emerging.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~8.6% — no sign of cost or pricing stress.
FCF/Net Income has dropped below 0.7x in 4 quarters — monitor for earnings quality deterioration.
Debt-to-equity has risen 34.4% recently — increasing financial risk even if the current ratio is manageable.
TTM revenue has contracted 33.0% — significant decline indicating deteriorating demand.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Shares decreased 8.5% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation