Dollar Tree, Inc. (DLTR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Discount Stores
EV/EBITDA
↓
10.27
↓-30% vs avg
5yr avg: 14.74
30Y Low5.9·High18.5
P/FCF
↓
18.13
↓-64% vs avg
5yr avg: 50.24
30Y Low10.1·High194.4
P/B Ratio
↑
5.30
+19% vs avg
5yr avg: 4.45
30Y Low2.3·High12.1
ROE
↑
33.2%
↓+3683% vs avg
5yr avg: 0.9%
30Y Low-54%·High48%
Debt/EBITDA
↓
2.06
↓-41% vs avg
5yr avg: 3.49
30Y Low0.1·High5.3
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
DLTR Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Dollar Tree, Inc. trades at 16.2x earnings, 22% below its 5-year average of 20.9x, sitting at the 19th percentile of its historical range. Compared to the Consumer Defensive sector median P/E of 19.6x, the stock trades at a discount of 17%. On a free-cash-flow basis, the stock trades at 18.1x P/FCF, 64% below the 5-year average of 50.2x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $19.2B | $24.3B | $15.8B | $30.4B | $33.7B | $29.4B | $24.1B | $20.7B | $23.1B | $25.9B | $17.5B |
| Enterprise Value | $23.1B | $28.2B | $22.4B | $37.4B | $43.2B | $38.4B | $32.3B | $30.2B | $27.0B | $30.4B | $23.0B |
| P/E Ratio → | 16.25 | 19.80 | — | — | 20.86 | 22.15 | 17.99 | 25.09 | — | 15.09 | 19.59 |
| P/S Ratio | 0.99 | 1.25 | 0.90 | 1.81 | 2.19 | 1.12 | 0.95 | 0.88 | 1.01 | 1.16 | 0.85 |
| P/B Ratio | 5.30 | 6.46 | 3.98 | 4.16 | 3.85 | 3.81 | 3.31 | 3.32 | 4.09 | 3.60 | 3.25 |
| P/FCF | 18.13 | 22.96 | 10.14 | 52.78 | 93.35 | 71.99 | 13.27 | 24.91 | 24.32 | 29.46 | 15.83 |
| P/OCF | 8.74 | 11.07 | 5.53 | 11.34 | 20.87 | 20.55 | 8.88 | 11.10 | 13.07 | 17.13 | 10.48 |
P/E links to full P/E history page with 30-year chart
DLTR EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Dollar Tree, Inc.'s enterprise value stands at 10.3x EBITDA, 30% below its 5-year average of 14.7x. The Consumer Defensive sector median is 11.5x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 1.45 | 1.27 | 2.23 | 2.80 | 1.46 | 1.27 | 1.28 | 1.18 | 1.37 | 1.11 |
| EV / EBITDA | 10.27 | 12.54 | 11.27 | 17.19 | 17.52 | 15.20 | 12.56 | 15.85 | — | 11.66 | 9.82 |
| EV / EBIT | 14.43 | 17.62 | 15.03 | 21.07 | 20.57 | 21.21 | 17.14 | 23.99 | — | 15.18 | 13.48 |
| EV / FCF | — | 26.65 | 14.35 | 64.81 | 119.62 | 93.98 | 17.80 | 36.30 | 28.45 | 34.68 | 20.76 |
DLTR Profitability
Margins and return-on-capital ratios measuring operating efficiency
Dollar Tree, Inc. earns an operating margin of 8.2%, above the Consumer Defensive sector average of 1.5%. Operating margins have compressed from 10.6% to 8.2% over the past 3 years, signaling potential cost pressures or competitive headwinds. Return on equity of 33.2% is exceptionally high — well above the sector median of 7.7%. ROIC of 13.2% represents solid returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 36.4% | 36.4% | 35.8% | 35.9% | 37.5% | 29.4% | 30.5% | 29.8% | 30.4% | 31.6% | 30.9% |
| Operating Margin | 8.2% | 8.2% | 8.3% | 10.6% | 13.6% | 6.9% | 7.4% | 5.3% | -4.1% | 9.0% | 8.2% |
| Net Profit Margin | 6.6% | 6.6% | -17.2% | -5.9% | 10.5% | 5.0% | 5.3% | 3.5% | -7.0% | 7.7% | 4.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.2% | 33.2% | -53.7% | -12.4% | 19.6% | 17.7% | 19.8% | 13.9% | -24.8% | 27.3% | 18.3% |
| ROA | 8.0% | 8.0% | -14.9% | -4.4% | 7.2% | 6.3% | 6.7% | 5.0% | -10.7% | 10.7% | 5.7% |
| ROIC | 13.2% | 13.2% | 8.8% | 8.2% | 9.0% | 8.4% | 9.1% | 7.5% | -6.6% | 13.3% | 11.7% |
| ROCE | 15.7% | 15.7% | 10.7% | 9.8% | 11.6% | 10.5% | 11.4% | 9.2% | -7.6% | 14.8% | 12.4% |
DLTR Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Dollar Tree, Inc. carries a Debt/EBITDA ratio of 2.1x, which is manageable (39% below the sector average of 3.4x). Net debt stands at $3.9B ($4.6B total debt minus $718M cash). Interest coverage of 18.7x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.23 | 1.23 | 1.97 | 1.01 | 1.16 | 1.29 | 1.32 | 1.60 | 0.77 | 0.79 | 1.17 |
| Debt / EBITDA | 2.06 | 2.06 | 3.94 | 3.39 | 4.11 | 3.94 | 3.74 | 5.26 | — | 2.18 | 2.70 |
| Net Debt / Equity | — | 1.04 | 1.65 | 0.95 | 1.08 | 1.16 | 1.13 | 1.52 | 0.69 | 0.64 | 1.01 |
| Net Debt / EBITDA | 1.74 | 1.74 | 3.31 | 3.19 | 3.85 | 3.56 | 3.19 | 4.98 | — | 1.75 | 2.33 |
| Debt / FCF | — | 3.70 | 4.21 | 12.04 | 26.27 | 21.99 | 4.52 | 11.39 | 4.12 | 5.22 | 4.92 |
| Interest Coverage | 18.69 | 18.69 | 13.60 | 15.77 | 16.50 | 10.13 | 12.82 | 7.79 | -2.54 | 6.62 | 4.54 |
DLTR Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
A current ratio of 1.07x means Dollar Tree, Inc. can comfortably meet its short-term obligations, though there is limited excess liquidity. The quick ratio of 0.29x 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 1.31x to 1.07x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 1.07 | 1.07 | 1.06 | 1.31 | 1.51 | 1.34 | 1.35 | 1.20 | 2.05 | 1.60 | 1.87 |
| Quick Ratio | 0.29 | 0.29 | 0.75 | 0.77 | 0.22 | 0.30 | 0.44 | 0.21 | 0.36 | 0.49 | 0.51 |
| Cash Ratio | 0.22 | 0.22 | 0.15 | 0.09 | 0.15 | 0.24 | 0.38 | 0.15 | 0.20 | 0.38 | 0.41 |
| Asset Turnover | — | 1.44 | 0.94 | 0.76 | 0.67 | 1.21 | 1.23 | 1.21 | 1.69 | 1.36 | 1.32 |
| Inventory Turnover | 4.95 | 4.95 | 4.22 | 4.31 | 1.77 | 4.26 | 5.17 | 4.70 | 4.49 | 4.80 | 5.00 |
| Days Sales Outstanding | — | — | — | — | — | — | — | 1.75 | 1.61 | 1.48 | 2.43 |
DLTR Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Dollar Tree, Inc. returns 8.1% to shareholders annually primarily through share buybacks. The earnings yield of 6.2% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 6.2% | 5.1% | — | — | 4.8% | 4.5% | 5.6% | 4.0% | — | 6.6% | 5.1% |
| FCF Yield | 5.5% | 4.4% | 9.9% | 1.9% | 1.1% | 1.4% | 7.5% | 4.0% | 4.1% | 3.4% | 6.3% |
| Buyback Yield | 8.1% | 6.4% | 2.5% | 1.6% | 1.9% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 8.1% | 6.4% | 2.5% | 1.6% | 1.9% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% |
| Shares Outstanding | — | $206M | $216M | $220M | $224M | $229M | $237M | $238M | $239M | $238M | $237M |
Peer Comparison
Compare DLTR with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 DLTRYou | $19B | 16.2 | 10.3 | 18.1 | 36.4% | 8.2% | 33.2% | 13.2% | 2.1 |
 DG | $26B | 17.0 | 12.4 | 10.7 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 FIVE | $13B | 36.3 | 21.9 | 31.4 | 32.0% | 9.6% | 17.9% | 9.9% | 3.1 |
 GO | $781M | -3.5 | — | 32.8 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 WMT | $1.0T | 47.6 | 24.8 | 24.9 | 24.9% | 4.2% | 22.2% | 14.7% | 1.5 |
 TGT | $59B | 16.0 | 7.5 | 20.9 | 27.9% | 4.9% | 24.0% | 16.7% | 0.7 |
 PSMT | $5B | 33.2 | 16.4 | 50.8 | 17.4% | 4.5% | 12.2% | 13.8% | 1.0 |
 OLLI | $5B | 21.5 | 14.7 | 17.3 | 40.5% | 12.2% | 13.4% | 11.1% | 1.8 |
 PG | $346B | 22.7 | 15.9 | 24.6 | 51.2% | 24.3% | 31.1% | 20.1% | 1.5 |
 KMB | $33B | 16.3 | 12.7 | 20.1 | 35.6% | 14.5% | 153.9% | 23.3% | 2.3 |
 CLX | $11B | 13.8 | 9.7 | 14.3 | 45.0% | 16.6% | 166.3% | 27.7% | 2.1 |
| Consumer Defensive Median | — | 19.6 | 11.5 | 14.8 | 40.2% | 1.5% | 7.7% | 5.5% | 3.4 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Full DLTR Stock Analysis
Analyst consensus, bull case, AI-generated risk factors, and peer comparison — all in one place.
See DLTR's True Return
Price is only half the story. See total return with reinvested dividends.
Launch CalculatorIs DLTR Undervalued?
DCF intrinsic value, peer multiples, and analyst estimates — see what the stock is really worth.
View ValuationCompare DLTR vs DG
Side-by-side business, growth, and profitability comparison vs Dollar General Corporation.
Start ComparisonDLTR — Frequently Asked Questions
Quick answers to the most common questions about buying DLTR stock.
What is Dollar Tree, Inc.'s P/E ratio?
Dollar Tree, Inc.'s current P/E ratio is 16.2x. The historical average is 23.2x. This places it at the 19th percentile of its historical range.
What is Dollar Tree, Inc.'s EV/EBITDA?
Dollar Tree, Inc.'s current EV/EBITDA is 10.3x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 11.7x.
What is Dollar Tree, Inc.'s ROE?
Dollar Tree, Inc.'s return on equity (ROE) is 33.2%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 20.3%.
Is DLTR stock overvalued?
Based on historical data, Dollar Tree, Inc. is trading at a P/E of 16.2x. This is at the 19th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Dollar Tree, Inc.'s profit margins?
Dollar Tree, Inc. has 36.4% gross margin and 8.2% operating margin.
How much debt does Dollar Tree, Inc. have?
Dollar Tree, Inc.'s Debt/EBITDA ratio is 2.1x, indicating moderate leverage. A ratio between 2-4x is manageable but warrants monitoring.