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DLTRDollar Tree, Inc.
$131.14$25.2B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
DLTR logo

Dollar Tree, Inc.

DLTR
NASDAQ · Discount & Warehouse Stores
$131.14
At close - Nov 6, 4:00 PM EST - USD
Market Cap$25.2B
P/E15.5x
52W High$148.54
Volume2.79M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Margin Expansion Drives Recovery Amidst Leverage Spike

Dollar Tree's investment thesis centers on a significant profitability turnaround driven by gross margin expansion from 30.1% to 42.9% over the past two years, which has unlocked substantial operating leverage.

GrowthMixed
ProfitabilityModerate
ValuationAttractive
TechnicalsStrong
Explore valuation models
MARKET ACTION

DLTR price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

-33% Peers

P/E is 33% below peer median

03

Market leadership

RS 79 · Avg

Average momentum (RS Rating: 79)

04

Strong Uptrend

Strong Trend

Price > 20DMA > 50DMA > 200DMA

Next CatalystConfirmed earnings · Nov 24
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has been erratic due to corporate actions, but gross margin has expanded dramatically by 1,280 basis points to 42.9% in 2026Q2, driving a 240% increase in operating income to $690.1M.

Analyst Consensus+6.2% target
Buy(49 analysts)
25 Buy20 Hold4 Sell

The Bull Case

Upside Catalysts

Divestiture of Family Dollar

The company's divestiture of Family Dollar is seen as a positive move, allowing it to focus on core operations and improve margins.

Superior margins and EBIT

Dollar Tree demonstrates superior margins and EBIT per square foot compared to competitors like Dollar General, indicating efficient operations.

Multi-price initiatives

Growth potential from multi-price initiatives is highlighted, which could attract a broader customer base and drive revenue.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
DLTR+2.69%
S&P 500 (^GSPC)+7.63%
1-Year Return
DLTR+28.61%
S&P 500 (^GSPC)+9.69%
3-Year Return
DLTR+14.04%
S&P 500 (^GSPC)+61.33%
5-Year Return
DLTR+18.51%
S&P 500 (^GSPC)+49.41%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
15.5x
Forward P/E
16.6x
EV/EBITDA0th %ile
10.5x
FCF YieldCash Flow
7.4%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
15.5x
20.9x
0th· Low
EV/EBITDA
10.5x
15.1x
0th· Low
Price/FCF
13.6x
52.8x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$46.54-64.5%
Base (Fair)$114.37-12.8%
Bull$197.66+50.7%
$46.54 Bear$114.37 Base$197.66 Bull
Current Market Price: $131.14
Trades at a 14.7% premium to Base DCF ($114.37)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY25
$19.41B+10.4% YoY
Net income FY25
$1.28B+142.3% YoY
Free cash flow FY25
$1.4B-10.5% YoY
Operating margin FY25
8.2%-0.1 pts YoY
ROIC (FY25)11.6%
Avg ROIC 5Y9.2%
ROE (TTM)45.6%
Piotroski Score8 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate6/12 (50%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 27, 2026
$2.70+145.5%
vs $1.10
$4.9B+0.8%
vs $4.8B
Q2 2026
May 28, 2026
$1.74+13.7%
vs $1.53
$5.0B+0.3%
vs $5.0B
Q2 2026
Mar 16, 2026
$2.56+1.2%
vs $2.53
$5.5B-0.2%
vs $5.5B
Q4 2025
Dec 3, 2025
$1.21+11.0%
vs $1.09
$4.8B+1.1%
vs $4.7B
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
Business Wire·Oct 23, 2026
Dollar Tree Marks 40th Anniversary with 9,500th Store Opening and $40 Million Commitment to Communities

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree (NASDAQ: DLTR) is marking 40 years of bringing incredible value to customers with two milestones that celebrate its roots and invest in its future: the opening of its 9,500th store in Suffolk, Virginia, and a $40 million investment through the newly established Dollar Tree Impact Fund to expand access to everyday essentials and support the well-being of the communities where Dollar Tree operates across the U.S. and Canada. "Forty years ago, Dollar T.

Zacks Investment Research·Oct 21, 2026
Can DLTR's Multi-Price Strategy Drive Sustainable Sales Growth?

Dollar Tree's multi-price strategy fuels sales growth, attracts higher-income shoppers and boosts customer engagement despite inflation and cost pressures.

24/7 Wall Street·Oct 7, 2026
Dollar Tree Got Nearly $400 Million in Tariff Refunds After Shoppers Paid the Higher Prices

When courts ordered tariff refunds for importers, Dollar Tree collected a nine-figure check from Washington. Shoppers who funded those duties through higher shelf prices are wondering if any of it finds its way back to them.

Defense World·Oct 7, 2026
Dollar Tree, Inc. (NASDAQ:DLTR) Receives Average Recommendation of “Hold” from Analysts

Dollar Tree, Inc. (NASDAQ: DLTR - Get Free Report) has been given an average recommendation of "Hold" by the twenty-six analysts that are covering the company, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and eleven have assigned a buy rating to the company.

Filtered for Dollar Tree, Inc.More Headlines
04

Compare before deciding

Benchmark DLTR against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Dollar Tree, Inc. (DLTR)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
DLTR logoDLTRDollar Tree, Inc.Current
$131.14$25.2B15.5310.43%8.03%45.58%—
DG logoDGDollar General Corporation
$133.75$29.5B17.395.2%3.9%19.56%1.76%
FIVE logoFIVEFive Below, Inc.
$240.30$13.29B21.5322.9%11.65%27.73%—
GO logoGOGrocery Outlet Holding Corp.
$12.99$1.29B-3.407.26%-8.04%-40.07%—
WMT logoWMTWalmart Inc.
$125.52$1T45.364.73%3%21.32%0.75%
TGT logoTGTTarget Corporation
$158.41$71.95B16.47-1.68%4.08%26.66%2.84%

Compare DLTR vs Peers

Dollar Tree, Inc. (DLTR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DG

Most directly comparable listed peer for DLTR.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare DLTR against a more recognizable public peer.

Peer Set

Compare Top 5

vs DG, FIVE, GO, WMT

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

DLTR SEC Filings & Documents

Dollar Tree, Inc. (DLTR) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 27, 2026·SEC

Material company update

Aug 6, 2026·SEC

Material company update

May 28, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 16, 2026·SEC

FY 2025

Mar 26, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 27, 2026·SEC

FY 2026

May 28, 2026·SEC

FY 2025

Dec 3, 2025·SEC

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DLTR Frequently Asked Questions

Dollar Tree, Inc. (DLTR) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Dollar Tree, Inc.'s revenue?

Dollar Tree, Inc. (DLTR) reported $20.07B in revenue over the trailing twelve months. Revenue was $19.41B in fiscal year 2025. That is 3374% more than the $558.8M of fiscal year 1996.

How fast is Dollar Tree, Inc. growing?

Dollar Tree, Inc. (DLTR) revenue fell by 7.8% over the trailing twelve months, compared with the twelve months before.

Is DLTR profitable?

Yes. Dollar Tree, Inc. (DLTR) earned $1.61B in net income over the trailing twelve months (a 8.0% net margin).

Dividend & Returns
What is DLTR's return on equity?

Dollar Tree, Inc. (DLTR) had a return on equity (ROE) of 45.6% over the trailing twelve months. That is well above the market's typical 10-15%.

What is Dollar Tree, Inc.'s free cash flow?

Dollar Tree, Inc. (DLTR) generated $1.85B in free cash flow over the trailing twelve months.

What if you invested $1,000 in DLTR back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →