Dillard's, Inc. (DDS) 10-Year Financial Performance & Capital Metrics

DDS • • Industrial / General

Consumer CyclicalDepartment StoresTraditional Department StoresRegional Department Chains

AboutDillard's, Inc. operates retail department stores in the southeastern, southwestern, and midwestern areas of the United States. Its stores offer merchandise, including fashion apparel for women, men, and children; and accessories, cosmetics, home furnishings, and other consumer goods. As of January 29, 2022, the company operated 280 Dillard's stores, including 30 clearance centers, and an Internet store at dillards.com. It also engages in the general contracting construction activities. The company was founded in 1938 and is based in Little Rock, Arkansas.Show more

Revenue $6.59B -4.1%
EBITDA $920M -16.8%
Net Income $593M -19.7%
EPS (Diluted) 36.82 -17.7%
Gross Margin 40.52% -2.0%
EBITDA Margin 13.96% -13.3%
Operating Margin 11.23% -16.5%
Net Margin 9.01% -16.2%
ROE 33.98% -24.2%
ROIC 35.97% -23.3%
Debt/Equity 0.31 -7.0%
Interest Coverage 18.56 -18.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Excellent 3Y average ROE of 45.8%
✓Strong 5Y profit CAGR of 39.8%
✓11 consecutive years of dividend growth
✓Momentum leader: RS Rating 84 (top 16%)
✓High quality earnings: Operating CF exceeds net income
✓Healthy dividend yield of 3.9%

✗Weaknesses

No significant weaknesses identified

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-0.28%

5Y0.77%

3Y-0.17%

TTM-1.07%

Profit (Net Income) CAGR

10Y5.98%

5Y39.81%

3Y-11.72%

TTM-7.75%

EPS CAGR

10Y16.8%

5Y53.08%

3Y-4.2%

TTM-5.25%

ROCE

10Y Avg20.92%

5Y Avg31.36%

3Y Avg37.2%

Latest27.84%

Peer Comparison

Regional Department Chains

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
DDSDillard's, Inc.	7.73B	665.24	18.07	-4.13%	8.77%	28.4%	7.88%	0.31

Profit & Loss

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Sales/Revenue+	6.75B	6.42B	6.42B	6.5B	6.34B	4.43B	6.62B	7B	6.87B	6.59B
Revenue Growth %	-0%	-0.05%	0%	0.01%	-0.02%	-0.3%	0.49%	0.06%	-0.02%	-0.04%
Cost of Goods Sold+	4.35B	4.17B	4.2B	4.29B	4.24B	3.07B	3.75B	3.98B	4.03B	3.92B
COGS % of Revenue	0.64%	0.65%	0.65%	0.66%	0.67%	0.69%	0.57%	0.57%	0.59%	0.59%
Gross Profit+	2.4B	2.25B	2.22B	2.21B	2.11B	1.36B	2.88B	3.01B	2.84B	2.67B
Gross Margin %	0.36%	0.35%	0.35%	0.34%	0.33%	0.31%	0.43%	0.43%	0.41%	0.41%
Gross Profit Growth %	-0.04%	-0.06%	-0.01%	-0.01%	-0.05%	-0.35%	1.11%	0.05%	-0.06%	-0.06%
Operating Expenses+	1.95B	1.92B	1.94B	1.94B	1.94B	1.45B	1.76B	1.89B	1.92B	1.93B
OpEx % of Revenue	0.29%	0.3%	0.3%	0.3%	0.31%	0.33%	0.27%	0.27%	0.28%	0.29%
Selling, General & Admin	1.7B	1.67B	1.71B	1.72B	1.72B	1.23B	1.56B	1.7B	1.74B	1.75B
SG&A % of Revenue	0.25%	0.26%	0.27%	0.26%	0.27%	0.28%	0.24%	0.24%	0.25%	0.27%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	250.01M	243.66M	231.59M	223.81M	222.35M	213.38M	199.32M	188.44M	179.57M	177.87M
Operating Income+	457.08M	335.21M	278.44M	268.19M	167.49M	-82.91M	1.12B	1.13B	924.75M	740.16M
Operating Margin %	0.07%	0.05%	0.04%	0.04%	0.03%	-0.02%	0.17%	0.16%	0.13%	0.11%
Operating Income Growth %	-0.19%	-0.27%	-0.17%	-0.04%	-0.38%	-1.5%	14.49%	0.01%	-0.18%	-0.2%
EBITDA+	709.23M	581.13M	512.12M	494.04M	391.8M	133.4M	1.32B	1.32B	1.11B	919.68M
EBITDA Margin %	0.1%	0.09%	0.08%	0.08%	0.06%	0.03%	0.2%	0.19%	0.16%	0.14%
EBITDA Growth %	-0.13%	-0.18%	-0.12%	-0.04%	-0.21%	-0.66%	8.89%	-0%	-0.16%	-0.17%
D&A (Non-Cash Add-back)	252.15M	245.92M	233.68M	225.85M	224.31M	216.31M	201.44M	190.03M	181.18M	179.52M
EBIT	471.01M	321.4M	276.11M	261.51M	181.38M	-103.79M	1.13B	1.15B	957.26M	769.58M
Net Interest Income+	-60.92M	-63.06M	-62.58M	-52.52M	-46.23M	-49.11M	-43.09M	-30.53M	4.6M	13.7M
Interest Income	1.3M	663K	842K	1.03M	1.26M	505K	1.85M	12.83M	45.24M	53.57M
Interest Expense	62.23M	63.72M	63.42M	53.55M	47.49M	49.61M	44.94M	43.35M	40.64M	39.87M
Other Income/Expense	-48.3M	-77.54M	-65.75M	-60.23M	-33.6M	-70.49M	-29.77M	-17.22M	-8.14M	-10.46M
Pretax Income+	408.78M	257.68M	212.69M	207.96M	133.89M	-153.4M	1.09B	1.11B	916.62M	729.7M
Pretax Margin %	0.06%	0.04%	0.03%	0.03%	0.02%	-0.03%	0.16%	0.16%	0.13%	0.11%
Income Tax+	140.8M	88.5M	-7.8M	37.7M	22.8M	-81.75M	225.9M	217.8M	177.77M	136.22M
Effective Tax Rate %	0.66%	0.66%	1.04%	0.82%	0.83%	0.47%	0.79%	0.8%	0.81%	0.81%
Net Income+	269.4M	169.2M	221.3M	170.3M	111.08M	-71.7M	862.47M	891.64M	738.85M	593.48M
Net Margin %	0.04%	0.03%	0.03%	0.03%	0.02%	-0.02%	0.13%	0.13%	0.11%	0.09%
Net Income Growth %	-0.19%	-0.37%	0.31%	-0.23%	-0.35%	-1.65%	13.03%	0.03%	-0.17%	-0.2%
Net Income (Continuing)	269.37M	169.22M	220.49M	170.26M	111.08M	-71.65M	862.47M	891.64M	738.85M	593.48M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	6.91	4.93	7.50	6.24	4.38	-3.16	41.88	50.81	44.73	36.82
EPS Growth %	-0.11%	-0.29%	0.52%	-0.17%	-0.3%	-1.72%	14.25%	0.21%	-0.12%	-0.18%
EPS (Basic)	6.91	4.93	7.51	6.24	4.38	-3.16	41.88	50.81	44.73	36.82
Diluted Shares Outstanding	39M	34.3M	29.5M	27.3M	25.36M	22.7M	20.59M	17.55M	16.52M	16.12M
Basic Shares Outstanding	39M	34.3M	29.49M	27.3M	25.36M	22.7M	20.59M	17.55M	16.52M	16.12M
Dividend Payout Ratio	0.04%	0.06%	0.04%	0.07%	0.1%	-	0.35%	0.3%	0.46%	0.7%

Balance Sheet

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Total Current Assets+	1.67B	1.84B	1.74B	1.77B	1.85B	1.66B	1.91B	2.07B	2.21B	2.37B
Cash & Short-Term Investments	202.87M	346.99M	187.03M	123.51M	277.08M	360.34M	716.76M	799.24M	956.32M	1.04B
Cash Only	202.87M	346.99M	187.03M	123.51M	277.08M	360.34M	716.76M	650.34M	808.29M	717.85M
Short-Term Investments	0	0	0	0	0	0	0	148.9M	148.04M	325.68M
Accounts Receivable	47.14M	48.23M	38.44M	49.85M	46.16M	155.13M	39.78M	56.95M	60.55M	55.7M
Days Sales Outstanding	2.55	2.74	2.18	2.8	2.66	12.77	2.19	2.97	3.21	3.08
Inventory	1.37B	1.41B	1.46B	1.53B	1.47B	1.09B	1.08B	1.12B	1.09B	1.17B
Days Inventory Outstanding	115.31	123.21	127.2	129.99	126.23	129.37	105.2	102.64	99.06	109.14
Other Current Assets	44.37M	36.3M	50.36M	68.75M	59.84M	58.71M	77.94M	95.45M	97.34M	96.79M
Total Non-Current Assets+	2.2B	2.05B	1.94B	1.66B	1.58B	1.43B	1.33B	1.26B	1.24B	1.16B
Property, Plant & Equipment	1.94B	1.79B	1.7B	1.59B	1.51B	1.34B	1.23B	1.15B	1.12B	1.04B
Fixed Asset Turnover	3.48x	3.58x	3.79x	4.10x	4.21x	3.32x	5.37x	6.07x	6.15x	6.36x
Goodwill	0	0	0	0	0	0	0	0	0	0
Intangible Assets	0	0	0	0	0	0	0	0	0	0
Long-Term Investments	0	0	0	0	0	0	0	0	0	0
Other Non-Current Assets	255.19M	259.95M	247.04M	74.1M	76.08M	70.21M	68.88M	62.83M	59.76M	58.08M
Total Assets+	3.86B	3.89B	3.68B	3.43B	3.43B	3.09B	3.25B	3.33B	3.45B	3.53B
Asset Turnover	1.75x	1.65x	1.74x	1.90x	1.85x	1.43x	2.04x	2.10x	1.99x	1.87x
Asset Growth %	-0.07%	0.01%	-0.05%	-0.07%	-0%	-0.1%	0.05%	0.03%	0.04%	0.02%
Total Current Liabilities+	751.22M	976.52M	1.05B	933.53M	930.82M	772.88M	966.19M	858.96M	827.76M	834.91M
Accounts Payable	494.27M	635.83M	657.59M	743.33M	713.46M	564.5M	628.99M	589.63M	562.41M	601.17M
Days Payables Outstanding	41.47	55.7	57.15	63.22	61.48	67.14	61.26	54.02	50.92	55.98
Short-Term Debt	3.28M	87.2M	160.93M	0	0	0	44.8M	0	0	0
Deferred Revenue (Current)	0	0	0	0	0	0	0	0	0	0
Other Current Liabilities	-3.28M	0	0	0	0	0	0	0	0	0
Current Ratio	2.22x	1.88x	1.66x	1.90x	1.99x	2.15x	1.98x	2.41x	2.67x	2.84x
Quick Ratio	0.39x	0.44x	0.26x	0.26x	0.41x	0.74x	0.86x	1.11x	1.35x	1.43x
Cash Conversion Cycle	76.39	70.25	72.23	69.57	67.41	75	46.13	51.59	51.35	56.25
Total Non-Current Liabilities+	1.32B	1.19B	925.31M	819.45M	876.18M	878.63M	828.15M	871.55M	924.08M	899.99M
Long-Term Debt	813.06M	726.11M	565.43M	565.57M	565.71M	565.85M	521.25M	521.35M	521.46M	521.57M
Capital Lease Obligations	7.27M	3.99M	2.88M	1.67M	33.38M	33.39M	30.97M	24.16M	31.73M	22.34M
Deferred Tax Liabilities	258.07M	225.68M	116.83M	13.49M	3.49M	516K	2.41M	2.02M	968K	0
Other Non-Current Liabilities	238.98M	238.42M	240.17M	238.73M	273.6M	279.39M	275.94M	326.03M	370.89M	356.08M
Total Liabilities	2.07B	2.17B	1.97B	1.75B	1.81B	1.65B	1.79B	1.73B	1.75B	1.73B
Total Debt+	823.61M	820.58M	730.34M	568.45M	614.96M	613.75M	608.73M	555.22M	564.44M	555.32M
Net Debt	620.75M	473.59M	543.32M	444.94M	337.88M	253.42M	-108.03M	-95.12M	-243.85M	-162.53M
Debt / Equity	0.46x	0.48x	0.43x	0.34x	0.38x	0.43x	0.42x	0.35x	0.33x	0.31x
Debt / EBITDA	1.16x	1.41x	1.43x	1.15x	1.57x	4.60x	0.46x	0.42x	0.51x	0.60x
Net Debt / EBITDA	0.88x	0.81x	1.06x	0.90x	0.86x	1.90x	-0.08x	-0.07x	-0.22x	-0.18x
Interest Coverage	7.35x	5.26x	4.39x	5.01x	3.53x	-1.67x	24.88x	25.99x	22.75x	18.56x
Total Equity+	1.8B	1.72B	1.71B	1.68B	1.62B	1.44B	1.45B	1.6B	1.7B	1.8B
Equity Growth %	-0.11%	-0.04%	-0.01%	-0.02%	-0.03%	-0.11%	0.01%	0.1%	0.06%	0.06%
Book Value per Share	46.03	50.07	57.90	61.48	64.00	63.49	70.47	91.10	102.75	111.42
Total Shareholders' Equity	1.8B	1.72B	1.71B	1.68B	1.62B	1.44B	1.45B	1.6B	1.7B	1.8B
Common Stock	1.24M	1.24M	1.24M	1.24M	1.24M	1.24M	1.24M	1.24M	1.24M	1.24M
Retained Earnings	3.99B	4.15B	4.37B	4.46B	4.56B	4.47B	5.03B	5.65B	6.05B	6.23B
Treasury Stock	-3.12B	-3.37B	-3.59B	-3.72B	-3.86B	-3.95B	-4.51B	-4.95B	-5.23B	-5.35B
Accumulated OCI	-17.12M	-11.14M	-15.44M	-12.81M	-31.06M	-34.94M	-22.8M	-65.72M	-87.21M	-49.85M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Jan 2016	Jan 2017	Feb 2018	Feb 2019	Feb 2020	Jan 2021	Jan 2022	Jan 2023	Feb 2024	Feb 2025
Cash from Operations+	450.23M	512.21M	274.29M	367.29M	365.07M	252.95M	1.28B	948.39M	883.59M	714.13M
Operating CF Margin %	0.07%	0.08%	0.04%	0.06%	0.06%	0.06%	0.19%	0.14%	0.13%	0.11%
Operating CF Growth %	-0.26%	0.14%	-0.46%	0.34%	-0.01%	-0.31%	4.06%	-0.26%	-0.07%	-0.19%
Net Income	269.37M	169.22M	221.32M	170.26M	111.08M	-71.65M	862.47M	891.64M	738.85M	593.48M
Depreciation & Amortization	252.15M	245.92M	233.68M	225.85M	224.31M	216.31M	201.44M	190.03M	181.18M	179.52M
Stock-Based Compensation	0	0	0	0	0	0	0	0	0	0
Deferred Taxes	-35.98M	-35.7M	-102.06M	334K	-5.42M	-23.95M	-7.45M	-15.3M	-17.72M	-8.99M
Other Non-Cash Items	-12.63M	7.13M	-4.06M	48K	-19.9M	20.1M	-18.96M	-24.41M	-11.73M	-12.23M
Working Capital Changes	-22.69M	125.64M	-74.59M	-29.21M	54.99M	112.13M	242.52M	-93.56M	-6.98M	-37.65M
Change in Receivables	9.37M	-1.74M	8.87M	-11.42M	3.69M	9.47M	-3.08M	-17.18M	-3.6M	4.85M
Change in Inventory	-24K	-33.44M	-57.16M	-64.86M	63.41M	377.24M	7.58M	-40.03M	26.21M	-78.05M
Change in Payables	-33.7M	156.75M	-20.39M	104.06M	-25.6M	-123.28M	122.61M	-28.58M	-22.49M	36.47M
Cash from Investing+	-132.94M	-114.85M	-110.21M	-127.75M	-68.09M	-48.38M	-69.79M	-235.85M	-115.59M	-269.73M
Capital Expenditures	-165.79M	-104.82M	-130.46M	-137.06M	-103.38M	-60.45M	-104.36M	-120.11M	-132.94M	-104.55M
CapEx % of Revenue	0.02%	0.02%	0.02%	0.02%	0.02%	0.01%	0.02%	0.02%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	32.85M	9.97M	8.57M	9.31M	4.71M	12.07M	34.57M	29.95M	10.8M	0
Cash from Financing+	-518.17M	-253.24M	-324.04M	-303.06M	-143.41M	-121.3M	-853.81M	-768.97M	-620.04M	-534.83M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-10.01M	-9.79M	-9.42M	-11.11M	-11.52M	-13.98M	-305.24M	-271.31M	-338.63M	-413.8M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-2.86M	0	-1.11M	0	0	-3.23M	-3.01M	0	0	0
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	284.44M	407.39M	143.82M	230.22M	261.69M	192.49M	1.18B	828.29M	750.65M	609.58M
FCF Margin %	0.04%	0.06%	0.02%	0.04%	0.04%	0.04%	0.18%	0.12%	0.11%	0.09%
FCF Growth %	-0.38%	0.43%	-0.65%	0.6%	0.14%	-0.26%	5.11%	-0.3%	-0.09%	-0.19%
FCF per Share	7.29	11.88	4.88	8.43	10.32	8.48	57.09	47.20	45.45	37.81
FCF Conversion (FCF/Net Income)	1.67x	3.03x	1.24x	2.16x	3.29x	-3.53x	1.48x	1.06x	1.20x	1.20x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	14.12%	9.63%	12.92%	10.06%	6.73%	-4.68%	59.64%	58.47%	44.84%	33.98%
Return on Invested Capital (ROIC)	14.13%	10.91%	9.4%	9.2%	6.15%	-3.4%	55.21%	59.37%	46.91%	35.97%
Gross Margin	35.59%	35.08%	34.61%	34.01%	33.22%	30.77%	43.43%	43.06%	41.36%	40.52%
Net Margin	3.99%	2.64%	3.45%	2.62%	1.75%	-1.62%	13.02%	12.74%	10.75%	9.01%
Debt / Equity	0.46x	0.48x	0.43x	0.34x	0.38x	0.43x	0.42x	0.35x	0.33x	0.31x
Interest Coverage	7.35x	5.26x	4.39x	5.01x	3.53x	-1.67x	24.88x	25.99x	22.75x	18.56x
FCF Conversion	1.67x	3.03x	1.24x	2.16x	3.29x	-3.53x	1.48x	1.06x	1.20x	1.20x
Revenue Growth	-0.38%	-4.98%	0.07%	1.26%	-2.46%	-30.11%	49.42%	5.61%	-1.74%	-4.13%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Retail Operations	6.39B	6.07B	6.11B	6.12B	6.01B	4.16B	6.37B	6.7B	6.48B	6.33B
Retail Operations Growth	-	-4.97%	0.60%	0.21%	-1.77%	-30.80%	53.23%	5.13%	-3.32%	-2.37%
Construction	206.86M	185.57M	153.44M	235.35M	156.5M	140.66M	118.24M	189.1M	272.47M	264.31M
Construction Growth	-	-10.29%	-17.31%	53.38%	-33.50%	-10.12%	-15.94%	59.93%	44.09%	-3.00%
Intersegment Eliminations	77.7M	-	-	-	-	-	-	-	-	-
Intersegment Eliminations Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Valuation & Price

Dillard's, Inc. (DDS) has a price-to-earnings (P/E) ratio of 18.1x. This is roughly in line with market averages.

Growth & Financials

Dillard's, Inc. (DDS) reported $6.63B in revenue for fiscal year 2024. This represents a 3% increase from $6.41B in 2011.

Dillard's, Inc. (DDS) saw revenue decline by 4.1% over the past year.

Yes, Dillard's, Inc. (DDS) is profitable, generating $580.9M in net income for fiscal year 2024 (9.0% net margin).

Dividend & Returns

Yes, Dillard's, Inc. (DDS) pays a dividend with a yield of 3.86%. This makes it attractive for income-focused investors.

Dillard's, Inc. (DDS) has a return on equity (ROE) of 34.0%. This is excellent, indicating efficient use of shareholder capital.

Dillard's, Inc. (DDS) generated $778.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

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