Dollar Tree, Inc. (DLTR) Financial Ratios
30 years of historical data (1996–2025) · Consumer Defensive · Discount Stores
EV/EBITDA
↓
11.29
↓-23% vs avg
5yr avg: 14.74
30Y Low5.9·High18.5
P/FCF
↓
15.35
↓-69% vs avg
5yr avg: 49.12
30Y Low10.1·High194.4
P/B Ratio
↑
6.13
↑+38% 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 18.8x earnings, 10% below its 5-year average of 20.9x, sitting at the 44th percentile of its historical range. This is roughly in line with the Consumer Defensive sector median P/E of 18.8x. On a free-cash-flow basis, the stock trades at 15.4x P/FCF, 69% below the 5-year average of 49.1x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $21.5B | $24.3B | $15.8B | $30.4B | $33.7B | $29.4B | $24.1B | $20.7B | $23.1B | $25.9B | $17.5B |
| Enterprise Value | $25.4B | $28.2B | $22.4B | $37.4B | $43.2B | $38.4B | $32.3B | $30.2B | $27.0B | $30.4B | $23.0B |
| P/E Ratio → | 18.80 | 19.80 | — | — | 20.86 | 22.15 | 17.99 | 25.09 | — | 15.09 | 19.59 |
| P/S Ratio | 1.11 | 1.25 | 0.90 | 1.81 | 2.19 | 1.12 | 0.95 | 0.88 | 1.01 | 1.16 | 0.85 |
| P/B Ratio | 6.13 | 6.46 | 3.98 | 4.16 | 3.85 | 3.81 | 3.31 | 3.32 | 4.09 | 3.60 | 3.25 |
| P/FCF | 15.35 | 17.36 | 10.14 | 52.78 | 93.35 | 71.99 | 13.27 | 24.91 | 24.32 | 29.46 | 15.83 |
| P/OCF | 8.48 | 9.59 | 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 11.3x EBITDA, 23% below its 5-year average of 14.7x. This is roughly in line with the Consumer Defensive sector median of 11.0x.
| 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 | 11.29 | 12.54 | 11.27 | 17.19 | 17.52 | 15.20 | 12.56 | 15.85 | — | 11.66 | 9.82 |
| EV / EBIT | 15.87 | 17.62 | 15.03 | 21.07 | 20.57 | 21.21 | 17.14 | 23.99 | — | 15.18 | 13.48 |
| EV / FCF | — | 20.15 | 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 3.5%. 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 6.5%. ROIC of 13.2% represents solid returns on invested capital versus a sector median of 5.7%.
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 (41% below the sector average of 3.5x). 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 | — | 2.80 | 4.21 | 12.04 | 26.27 | 21.99 | 4.52 | 11.39 | 4.12 | 5.22 | 4.92 |
| Interest Coverage | 18.69 | 18.69 | 13.87 | 15.77 | 16.50 | 10.12 | 12.81 | 7.78 | -2.54 | 6.65 | 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 7.2% to shareholders annually primarily through share buybacks. The earnings yield of 5.3% (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 | 5.3% | 5.1% | — | — | 4.8% | 4.5% | 5.6% | 4.0% | — | 6.6% | 5.1% |
| FCF Yield | 6.5% | 5.8% | 9.9% | 1.9% | 1.1% | 1.4% | 7.5% | 4.0% | 4.1% | 3.4% | 6.3% |
| Buyback Yield | 7.2% | 6.4% | 2.5% | 1.6% | 1.9% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% |
| Total Shareholder Yield | 7.2% | 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 | $21B | 18.8 | 11.3 | 15.4 | 36.4% | 8.2% | 33.2% | 13.2% | 2.1 |
 DG | $25B | 16.6 | 12.2 | 10.5 | 30.7% | 5.2% | 19.0% | 7.0% | 4.8 |
 FIVE | $11B | 30.0 | 18.5 | 26.1 | 32.0% | 9.6% | 17.9% | 9.9% | 3.1 |
 GO | $916M | -4.0 | — | 38.5 | 30.3% | -4.7% | -20.6% | -6.0% | — |
 WMT | $934B | 42.9 | 22.5 | 62.6 | 24.9% | 4.2% | 21.5% | 14.4% | 1.5 |
 TGT | $59B | 16.1 | 9.3 | 20.9 | 25.4% | 4.6% | 24.0% | 12.0% | 2.5 |
 PSMT | $6B | 37.8 | 18.6 | 57.9 | 17.4% | 4.5% | 12.2% | 13.8% | 1.0 |
 OLLI | $5B | 19.8 | 13.4 | 23.9 | 39.0% | 12.2% | 13.4% | 11.1% | 1.8 |
 PG | $351B | 23.1 | 16.2 | 25.0 | 51.2% | 24.3% | 31.1% | 20.1% | 1.5 |
 KMB | $34B | 16.9 | 13.1 | 20.8 | 35.6% | 14.5% | 153.9% | 23.3% | 2.3 |
 CLX | $12B | 14.7 | 10.2 | 15.2 | 45.0% | 16.6% | 166.3% | 27.7% | 2.1 |
| Consumer Defensive Median | — | 18.8 | 11.0 | 15.3 | 40.8% | 3.5% | 6.5% | 5.7% | 3.5 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
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DLTR — 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 18.8x. The historical average is 23.2x. This places it at the 44th percentile of its historical range.
What is Dollar Tree, Inc.'s EV/EBITDA?
Dollar Tree, Inc.'s current EV/EBITDA is 11.3x. 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 18.8x. This is at the 44th 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.