30 years of historical data (1995–2024) · Consumer Defensive · Discount Stores
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dollar Tree, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 16.3x P/FCF, 66% below the 5-year average of 48.3x.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $25.4B | $15.8B | $30.4B | $33.7B | $29.4B | $24.1B | $20.7B | $23.1B | $25.9B | $17.5B | $18.2B |
| Enterprise Value | $32.0B | $22.4B | $37.4B | $43.2B | $38.4B | $32.3B | $30.2B | $27.0B | $30.4B | $23.0B | $24.8B |
| P/E Ratio → | -9.00 | — | — | 20.86 | 22.15 | 17.99 | 25.09 | — | 15.09 | 19.59 | 64.54 |
| P/S Ratio | 1.44 | 0.90 | 1.81 | 2.19 | 1.12 | 0.95 | 0.88 | 1.01 | 1.16 | 0.85 | 1.17 |
| P/B Ratio | 6.87 | 3.98 | 4.16 | 3.85 | 3.81 | 3.31 | 3.32 | 4.09 | 3.60 | 3.25 | 4.12 |
| P/FCF | 16.25 | 10.14 | 52.78 | 93.35 | 71.99 | 13.27 | 24.91 | 24.32 | 29.46 | 15.83 | 60.50 |
| P/OCF | 8.87 | 5.53 | 11.34 | 20.87 | 20.55 | 8.88 | 11.10 | 13.07 | 17.13 | 10.48 | 23.27 |
P/E links to full P/E history page with 30-year chart
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dollar Tree, Inc.'s enterprise value stands at 16.1x EBITDA, 9% above its 5-year average of 14.7x. The Consumer Defensive sector median is 12.3x, placing the stock at a 30% premium on an enterprise-value basis.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.27 | 2.23 | 2.80 | 1.46 | 1.27 | 1.28 | 1.18 | 1.37 | 1.11 | 1.60 |
| EV / EBITDA | 16.07 | 11.27 | 17.19 | 17.52 | 15.20 | 12.56 | 15.85 | — | 11.66 | 9.82 | 16.12 |
| EV / EBIT | 21.86 | 15.03 | 21.07 | 20.57 | 21.21 | 17.14 | 23.99 | — | 15.18 | 13.48 | 23.66 |
| EV / FCF | — | 14.35 | 64.81 | 119.62 | 93.98 | 17.80 | 36.30 | 28.45 | 34.68 | 20.76 | 82.51 |
Margins and return-on-capital ratios measuring operating efficiency
Dollar Tree, Inc. earns an operating margin of 8.3%, above the Consumer Defensive sector average of 1.1%. Operating margins have compressed from 13.6% to 8.3% over the past 3 years, signaling potential cost pressures or competitive headwinds. A negative ROE of -53.7% indicates the company is currently destroying shareholder equity. ROIC of 8.8% represents adequate returns on invested capital versus a sector median of 5.7%.
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.8% | 35.8% | 35.9% | 37.5% | 29.4% | 30.5% | 29.8% | 30.4% | 31.6% | 30.9% | 30.0% |
| Operating Margin | 8.3% | 8.3% | 10.6% | 13.6% | 6.9% | 7.4% | 5.3% | -4.1% | 9.0% | 8.2% | 6.8% |
| Net Profit Margin | -17.2% | -17.2% | -5.9% | 10.5% | 5.0% | 5.3% | 3.5% | -7.0% | 7.7% | 4.3% | 1.8% |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -53.7% | -53.7% | -12.4% | 19.6% | 17.7% | 19.8% | 13.9% | -24.8% | 27.3% | 18.3% | 9.1% |
| ROA | -14.9% | -14.9% | -4.4% | 7.2% | 6.3% | 6.7% | 5.0% | -10.7% | 10.7% | 5.7% | 2.9% |
| ROIC | 8.8% | 8.8% | 8.2% | 9.0% | 8.4% | 9.1% | 7.5% | -6.6% | 13.3% | 11.7% | 12.5% |
| ROCE | 10.7% | 10.7% | 9.8% | 11.6% | 10.5% | 11.4% | 9.2% | -7.6% | 14.8% | 12.4% | 12.7% |
Solvency and debt-coverage ratios — lower is generally safer
Dollar Tree, Inc. carries a Debt/EBITDA ratio of 3.9x, which is moderately leveraged (21% above the sector average of 3.2x). Net debt stands at $6.6B ($7.8B total debt minus $1.3B cash). Interest coverage of 13.6x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.97 | 1.97 | 1.01 | 1.16 | 1.29 | 1.32 | 1.60 | 0.77 | 0.79 | 1.17 | 1.67 |
| Debt / EBITDA | 3.94 | 3.94 | 3.39 | 4.11 | 3.94 | 3.74 | 5.26 | — | 2.18 | 2.70 | 4.78 |
| Net Debt / Equity | — | 1.65 | 0.95 | 1.08 | 1.16 | 1.13 | 1.52 | 0.69 | 0.64 | 1.01 | 1.50 |
| Net Debt / EBITDA | 3.31 | 3.31 | 3.19 | 3.85 | 3.56 | 3.19 | 4.98 | — | 1.75 | 2.33 | 4.30 |
| Debt / FCF | — | 4.21 | 12.04 | 26.27 | 21.99 | 4.52 | 11.39 | 4.12 | 5.22 | 4.92 | 22.00 |
| Interest Coverage | 13.60 | 13.60 | 15.77 | 16.50 | 10.13 | 12.82 | 7.79 | -2.54 | 6.62 | 4.54 | 1.75 |
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.06x means Dollar Tree, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.75x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has declined from 1.51x to 1.06x over the past 3 years.
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.06 | 1.06 | 1.31 | 1.51 | 1.34 | 1.35 | 1.20 | 2.05 | 1.60 | 1.87 | 1.88 |
| Quick Ratio | 0.75 | 0.75 | 0.77 | 0.22 | 0.30 | 0.44 | 0.21 | 0.36 | 0.49 | 0.51 | 0.50 |
| Cash Ratio | 0.15 | 0.15 | 0.09 | 0.15 | 0.24 | 0.38 | 0.15 | 0.20 | 0.38 | 0.41 | 0.35 |
| Asset Turnover | — | 0.94 | 0.76 | 0.67 | 1.21 | 1.23 | 1.21 | 1.69 | 1.36 | 1.32 | 0.97 |
| Inventory Turnover | 4.22 | 4.22 | 4.31 | 1.77 | 4.26 | 5.17 | 4.70 | 4.49 | 4.80 | 5.00 | 3.76 |
| Days Sales Outstanding | — | — | — | — | — | — | 1.75 | 1.61 | 1.48 | 2.43 | 3.64 |
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dollar Tree, Inc. returns 1.6% to shareholders annually primarily through share buybacks.
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
| Metric | TTM | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | 4.8% | 4.5% | 5.6% | 4.0% | — | 6.6% | 5.1% | 1.5% |
| FCF Yield | 6.2% | 9.9% | 1.9% | 1.1% | 1.4% | 7.5% | 4.0% | 4.1% | 3.4% | 6.3% | 1.7% |
| Buyback Yield | 1.6% | 2.5% | 1.6% | 1.9% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 1.6% | 2.5% | 1.6% | 1.9% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% | 0.1% |
| Shares Outstanding | — | $216M | $220M | $224M | $229M | $237M | $238M | $239M | $238M | $237M | $224M |
Compare DLTR with 2 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
| DLTRYou | $25B | -9.0 | 16.1 | 16.3 | 35.8% | 8.3% | -53.7% | 8.8% | 3.9 |
| DG | $34B | 30.6 | 19.0 | 20.4 | 29.6% | 4.2% | 15.9% | 5.3% | 6.5 |
| TBBB | $2B | 261.7 | 16.4 | 29.7 | 16.3% | 2.3% | 8.3% | 11.1% | 3.2 |
| Consumer Defensive Median | — | 21.6 | 12.3 | 16.4 | 40.7% | 1.1% | 7.8% | 5.7% | 3.2 |
Peers based on L4 peer group classification. Compare multiple stocks →
Includes 30+ ratios · 30 years · Updated daily
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View ValuationSee how DLTR stacks up against sector leader Dollar General Corporation.
Start ComparisonDollar Tree, Inc.'s current P/E ratio is -9.0x. The historical average is 23.2x.
Dollar Tree, Inc.'s current EV/EBITDA is 16.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.6x.
Dollar Tree, Inc.'s return on equity (ROE) is -53.7%. The historical average is 21.0%.
Based on historical data, Dollar Tree, Inc. is trading at a P/E of -9.0x. Compare with industry peers and growth rates for a complete picture.
Dollar Tree, Inc. has 35.8% gross margin and 8.3% operating margin.
Dollar Tree, Inc.'s Debt/EBITDA ratio is 3.9x, indicating high leverage. A ratio between 2-4x is manageable but warrants monitoring.