Dollar Tree, Inc. (DLTR) Key Metrics
DLTR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $23.30B
- Enterprise value
- $27.84B
- P/E (TTM)
- 15.1 10-yr median 20.4
- Forward P/E
- 16.9
- PEG ratio
- 1.41
- Price / sales
- 1.2 10-yr median 1.1
- Price / book
- 6.2 10-yr median 3.9
- EV / EBITDA
- 9.6 10-yr median 12.9
- Dividend yield
- —
- Beta
- 0.72
DLTR key metrics, FY2017–FY2026
Fiscal year ended January 31, 2026 · U.S. dollarsDLTR valuation Price multiples at each fiscal year-end price.
DLTR returns How much profit the business earns on the capital it uses.
DLTR per-share figures Results divided by the shares outstanding at year-end.
DLTR financial health Debt, liquidity and how easily interest is covered.
DLTR efficiency & capital use Working capital cycle and where the cash goes.
DLTR valuation history
DLTR returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
DLTR debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
DLTR cash returned to shareholders
DLTR price vs earnings per share
DLTR key metrics
FY2017–FY2026| FY2026 | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $24.26B | $15.84B | $28.67B | $33.66B | $30.05B | $24.12B | $20.75B | $23.11B | $27.34B | $18.28B |
| Enterprise value | $30.60B | $22.41B | $38.37B | $43.14B | $39.03B | $32.35B | $30.24B | $27.03B | $31.92B | $23.73B |
| P/E ratio | 18.9 | — | — | 20.8 | 22.6 | 18.0 | 25.1 | — | 15.9 | 20.4 |
| Price / sales | 1.2 | 0.9 | 1.7 | 2.2 | 1.1 | 0.9 | 0.9 | 1.0 | 1.2 | 0.9 |
| Price / book | 6.5 | 4.0 | 3.9 | 3.8 | 3.9 | 3.3 | 3.3 | 4.1 | 3.8 | 3.4 |
| Price / free cash flow | 17.4 | 10.1 | 49.7 | 93.2 | 73.5 | 13.3 | 24.9 | 24.4 | 31.1 | 16.5 |
| Price / operating cash flow | 9.6 | 5.5 | 10.7 | 20.8 | 21.0 | 8.9 | 11.1 | 13.1 | 18.1 | 10.9 |
| EV / sales | 1.6 | 1.3 | 2.3 | 2.8 | 1.5 | 1.3 | 1.3 | 1.2 | 1.4 | 1.1 |
| EV / EBITDA | 12.9 | 11.1 | 17.6 | 15.0 | 15.4 | 12.6 | 15.9 | — | 12.2 | 10.1 |
| EV / free cash flow | 21.9 | 14.3 | 66.5 | 119.5 | 95.5 | 17.8 | 36.3 | 28.5 | 36.4 | 21.4 |
| Earnings yield | 5.3% | −19.1% | −3.5% | 4.8% | 4.4% | 5.6% | 4.0% | −6.9% | 6.3% | 4.9% |
| Free cash flow yield | 5.8% | 9.9% | 2.0% | 1.1% | 1.4% | 7.5% | 4.0% | 4.1% | 3.2% | 6.1% |
| Dividend yield | — | — | 3.7% | 0.0% | 0.1% | 0.1% | 0.1% | — | 0.0% | 0.0% |
| Shareholder yield (dividends + buybacks) | 6.4% | 2.5% | 5.5% | 2.0% | 3.2% | 1.7% | 1.0% | 0.1% | 0.1% | 0.1% |
| Share price at fiscal year-end | $117.59 | $73.35 | $130.62 | $150.18 | $131.22 | $101.66 | $87.07 | $96.83 | $115.00 | $77.19 |
| Per share | ||||||||||
| Revenue per share | $94.10 | $81.42 | $76.45 | $68.77 | $114.94 | $107.50 | $99.08 | $95.61 | $93.59 | $87.50 |
| Earnings per share | $6.22 | −$14.03 | −$4.55 | $7.21 | $5.80 | $5.65 | $3.47 | −$6.66 | $7.21 | $3.78 |
| Operating cash flow per share | $12.26 | $13.26 | $12.23 | $7.21 | $6.25 | $11.45 | $7.85 | $7.40 | $6.35 | $7.07 |
| Free cash flow per share | $6.77 | $7.23 | $2.63 | $1.61 | $1.78 | $7.66 | $3.50 | $3.98 | $3.69 | $4.68 |
| Cash per share | $3.48 | $5.82 | $3.12 | $2.87 | $4.30 | $5.97 | $2.26 | $1.77 | $4.62 | $3.68 |
| Book value per share | $18.20 | $18.42 | $33.32 | $39.05 | $33.71 | $30.70 | $26.25 | $23.64 | $30.22 | $22.76 |
| Tangible book value per share | $16.15 | $16.47 | $19.36 | $16.37 | $11.50 | $9.27 | $4.92 | −$0.18 | −$5.57 | −$13.55 |
| Dividends per share | — | — | $4.87 | $0.04 | $0.08 | $0.07 | $0.06 | — | $0.00 | $0.00 |
| Capex per share | $5.49 | $6.02 | $9.60 | $5.59 | $4.47 | $3.79 | $4.35 | $3.42 | $2.66 | $2.39 |
| Debt per share | $34.20 | $36.27 | $47.32 | $45.19 | $43.54 | $40.62 | $42.09 | $18.16 | $23.89 | $26.70 |
| Shares outstanding | 206.3M | 215.9M | 219.5M | 224.1M | 229.0M | 237.3M | 238.3M | 238.7M | 237.7M | 236.8M |
| Change in shares outstanding | −4.4% | −1.6% | −2.1% | −2.1% | −3.5% | −0.4% | −0.2% | +0.4% | +0.4% | +6.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 33.2% | −53.7% | −12.4% | 19.6% | 17.7% | 19.8% | 13.9% | −24.8% | 27.3% | 18.3% |
| Return on invested capital (ROIC) | 12.0% | 8.0% | 7.7% | 9.1% | 9.1% | 9.3% | 7.5% | −7.0% | 17.7% | 10.4% |
| Return on assets (ROA) | 8.0% | −14.9% | −4.4% | 7.2% | 6.3% | 6.7% | 5.0% | −10.7% | 10.7% | 5.7% |
| Return on tangible assets | 9.8% | −16.6% | −5.3% | 9.0% | 8.0% | 8.6% | 5.7% | −20.4% | 21.9% | 12.6% |
| Free cash flow margin | 7.2% | 8.9% | 3.4% | 2.3% | 1.6% | 7.1% | 3.5% | 4.2% | 3.9% | 5.3% |
| Income quality (OCF / net income) | 1.97 | — | — | 1.00 | 1.08 | 2.02 | 2.26 | — | 0.88 | 1.87 |
| Financial health | ||||||||||
| Total debt | $7.06B | $7.83B | $10.39B | $10.13B | $9.97B | $9.64B | $10.03B | $4.33B | $5.68B | $6.32B |
| Cash & short-term investments | $717.8M | $1.26B | $684.9M | $642.8M | $984.9M | $1.42B | $539.2M | $422.1M | $1.10B | $870.4M |
| Net debt | $6.34B | $6.57B | $9.70B | $9.48B | $8.99B | $8.22B | $9.49B | $3.91B | $4.58B | $5.45B |
| Debt / equity | 1.88 | 1.97 | 1.42 | 1.16 | 1.29 | 1.32 | 1.60 | 0.77 | 0.79 | 1.17 |
| Debt / assets | 0.52 | 0.42 | 0.47 | 0.44 | 0.46 | 0.47 | 0.51 | 0.32 | 0.35 | 0.40 |
| Net debt / EBITDA | 2.68 | 3.26 | 4.46 | 3.31 | 3.56 | 3.20 | 4.98 | — | 1.75 | 2.33 |
| Current ratio | 1.07 | 1.06 | 1.31 | 1.51 | 1.34 | 1.35 | 1.20 | 2.05 | 1.60 | 1.87 |
| Quick ratio | 0.29 | 0.75 | 0.22 | 0.22 | 0.30 | 0.44 | 0.21 | 0.36 | 0.49 | 0.51 |
| Interest coverage | 19.3 | 13.6 | 15.8 | 16.5 | 10.1 | 12.8 | 7.8 | -2.5 | 6.6 | 4.5 |
| Working capital | $217.6M | $521.3M | $1.44B | $2.14B | $1.43B | $1.32B | $722.9M | $2.20B | $1.72B | $1.83B |
| Invested capital | $10.09B | $10.55B | $17.02B | $18.24B | $16.70B | $15.51B | $15.75B | $9.56B | $11.76B | $10.84B |
| Tangible asset value | $3.33B | $3.56B | $4.25B | $3.67B | $2.63B | $2.20B | $1.17B | −$42.4M | −$1.32B | −$3.21B |
| Net current asset value | −$6.27B | −$5.56B | −$8.58B | −$7.90B | −$8.39B | −$8.36B | −$9.05B | −$3.56B | −$4.57B | −$6.37B |
| Graham number | $50.46 | — | — | $79.58 | $66.31 | $62.50 | $45.27 | — | $70.02 | $44.02 |
| Graham net-net per share | −$37.55 | −$55.92 | −$52.25 | −$48.65 | −$47.31 | −$43.32 | −$45.89 | −$23.43 | −$26.93 | −$33.38 |
| Capital allocation | ||||||||||
| Dividends paid | — | — | $1.07B | $9.3M | $17.8M | $17.0M | $15.2M | — | $0 | $0 |
| Share buybacks (net) | $1.55B | $400.0M | $500.0M | $647.5M | $950.0M | $400.0M | $200.0M | $23.2M | $27.4M | $22.2M |
| Dividend payout ratio | — | — | — | 0.6% | 1.3% | 1.3% | 1.8% | — | 0.0% | 0.0% |
| Dividends + buybacks / free cash flow | 110.8% | 25.6% | 271.8% | 181.9% | 236.8% | 22.9% | 25.8% | 2.4% | 3.1% | 2.0% |
| Capex / revenue | 5.8% | 7.4% | 12.6% | 8.1% | 3.9% | 3.5% | 4.4% | 3.6% | 2.8% | 2.7% |
| Capex / operating cash flow | 44.8% | 45.4% | 78.5% | 77.6% | 71.4% | 33.1% | 55.4% | 46.3% | 41.9% | 33.8% |
| Capex / depreciation | 1.75 | 2.47 | 5.26 | 1.63 | 1.43 | 1.31 | 1.61 | 1.32 | 1.03 | 0.89 |
| Stock-based compensation / revenue | 0.3% | 0.6% | 0.6% | 0.7% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% | 0.3% |
| SG&A / revenue | 28.2% | 27.5% | 44.8% | 42.8% | 22.5% | 23.1% | 23.1% | 22.6% | 22.5% | 22.6% |
| Efficiency | ||||||||||
| Days sales outstanding | — | — | — | — | — | — | 1.7 | 1.5 | 1.9 | 2.6 |
| Days of inventory on hand | 76.4 | 125.9 | 179.1 | 186.0 | 76.5 | 71.6 | 77.7 | 77.1 | 72.3 | 73.3 |
| Days payables outstanding | 47.8 | 61.0 | 67.2 | 71.7 | 33.0 | 29.0 | 30.3 | 29.8 | 27.5 | 30.2 |
| Cash conversion cycle (days) | — | — | — | — | — | — | 49.1 | 48.8 | 46.7 | 45.6 |
| Receivables turnover | — | — | — | — | — | — | 220.46 | 238.61 | 194.88 | 141.62 |
| Payables turnover | 7.63 | 5.99 | 5.43 | 5.09 | 11.05 | 12.58 | 12.04 | 12.25 | 13.27 | 12.08 |
| Inventory turnover | 4.78 | 2.90 | 2.04 | 1.96 | 4.77 | 5.10 | 4.70 | 4.74 | 5.05 | 4.98 |
| Asset turnover | 1.21 | 0.86 | 0.75 | 0.69 | 1.24 | 1.27 | 1.43 | 1.53 | 1.39 | 1.31 |
| Average receivables | — | — | — | — | — | — | $107.1M | $95.7M | $114.2M | $146.3M |
| Average payables | $1.62B | $1.88B | $1.98B | $1.89B | $1.68B | $1.41B | $1.38B | $1.30B | $1.15B | $1.19B |
| Average inventory | $2.58B | $3.89B | $5.28B | $4.91B | $3.90B | $3.47B | $3.53B | $3.35B | $3.02B | $2.88B |
| Intangibles / total assets | 3.1% | 2.3% | 13.9% | 22.1% | 23.4% | 24.6% | 26.0% | 42.1% | 52.1% | 54.8% |
Computed from DLTR's annual financial statements (latest annual report filed March 16, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
DLTR valuation and financial ratios
At the end of fiscal 2026 (January 31, 2026), Dollar Tree traded at 18.9 times earnings, against a 10-year median of 20.4. Based on the latest twelve months, the trailing P/E is 15.1 and the forward P/E is 16.9. Dollar Tree earned a return on equity of 33.2% and a return on invested capital of 12.0% in fiscal 2026. It ended the year with $7.1 billion of debt and $717.8 million in cash and short-term investments, net debt of $6.3 billion. It returned $1.5 billion to shareholders: $0 in dividends and $1.5 billion in share buybacks, 111% of free cash flow. The share count fell 12.9% from 236.8M to 206.3M over 9 years.
See the DLTR income statement, the DLTR chart for price history, or the DLTR stock overview for the latest quote and news.
DLTR key metrics FAQ
What is Dollar Tree's P/E ratio?
Dollar Tree's trailing P/E ratio is 15.1 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 16.9. At the end of fiscal 2026 it was 18.9, compared with a 10-year median of 20.4.
What is Dollar Tree's EV/EBITDA?
Dollar Tree's enterprise value was 12.9 times EBITDA at the end of fiscal 2026 (enterprise value $30.6 billion, EBITDA $2.4 billion); the current EV/EBITDA is 9.6.
What is Dollar Tree's return on equity?
Dollar Tree's return on equity (ROE) was 33.2% in fiscal 2026: net income of $1.3 billion on average shareholders' equity of $3.9 billion.
What is Dollar Tree's ROIC?
Dollar Tree's return on invested capital was 12.0% in fiscal 2026, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Dollar Tree have?
Dollar Tree had total debt of $7.1 billion at the end of fiscal 2026, a debt-to-equity ratio of 1.88 and $6.3 billion of net debt (2.68 times EBITDA).
Does Dollar Tree buy back its shares?
Yes. Dollar Tree spent $1.5 billion on net share repurchases in fiscal 2026 Shares outstanding changed −4.4% over the year, to 206.3M..
What is Dollar Tree's free cash flow yield?
Dollar Tree generated $1.4 billion of free cash flow in fiscal 2026, a free cash flow yield of 5.8% on its market value at year-end ($24.3 billion).
What is Dollar Tree's current ratio?
Dollar Tree's current ratio was 1.07 at the end of fiscal 2026: current assets were 1.07 times current liabilities.