Dollar Tree (DLTR) stock
Consumer Staples · Consumer Staples Merchandise Retail
Dollar Tree (DLTR) is a Consumer Staples Merchandise Retail company in the Consumer Staples sector, headquartered in Chesapeake, Virginia. As of October 23, 2026, DLTR closed at $125.31, a market capitalization of $23.51 billion, the 371st largest company in the S&P 500. Over the last twelve months it generated $20.07 billion in revenue (+7% year over year) and $1.98 billion in free cash flow. The stock trades at 15.3x trailing earnings and 15.8x forward earnings.
- 1-year total return: +24.5% (dividends reinvested)
- 5-year return: +4.0% a year
- 52-week range: $85.88 – $142.40
- Gross margin 37.2%, operating margin 6.2%
- FI Handbook report card: B- across 10 metrics
- 25th largest of 34 Consumer Staples stocks in the S&P 500
DLTR price chart
1Y price change: +24.5% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| DLTR | +10.7% | +1.9% | +24.5% | +4.8% | +4.0% | +5.2% | +15.9% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1995.
DLTR key statistics
- Market cap
- $23.5B
- #371 in S&P 500
- P/E (TTM)
- 15.3x
- Forward P/E
- 15.8x
- EPS (TTM)
- $8.21
- Revenue (TTM)
- $20.1B
- +7%
- Free cash flow
- $2.0B
- Gross margin
- 37.2%
- Operating margin
- 6.2%
- Return on equity
- 46.0%
- Dividend yield
- None
- 52-week range
- $85.88 – $142.40
- Beta
- 0.72
- Price / sales
- 1.2x
- EV / EBITDA
- 12.0x
- Debt / equity
- 2.24x
- Employees
- 150,000
DLTR report card
B-Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth7.0%C
- Gross margin37.2%C
- Operating margin6.2%D
- FCF margin9.9%C
- Return on equity46.0%A
- Net debt / EBITDA2.6xD
- Forward P/E15.8xB
- PEG ratio1.5xB
- Shareholder yield6.6%A
- Share count change / yr-2.8%A
Dollar Tree financials
Revenue went from $20.7B in fiscal 2017 to $19.4B in fiscal 2026, shrinking 0.7% a year.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $20.7B | $22.2B | $22.8B | $23.6B | $25.5B | $26.3B | $15.4B | $16.8B | $17.6B | $19.4B |
| Gross profit | $6.4B | $7.0B | $6.9B | $7.0B | $7.8B | $7.7B | $5.8B | $6.0B | $6.3B | $7.1B |
| Operating income | $1.7B | $2.0B | -$939.5M | $1.3B | $1.9B | $1.8B | $2.1B | $1.8B | $1.5B | $1.7B |
| Net income | $896.2M | $1.7B | -$1.6B | $827.0M | $1.3B | $1.3B | $1.6B | -$998.4M | -$3.0B | $1.3B |
| EPS (diluted) | $3.78 | $7.21 | $-6.69 | $3.47 | $5.65 | $5.80 | $7.21 | $-4.54 | $-14.03 | $6.22 |
| Free cash flow | $1.1B | $878.0M | $948.9M | $835.0M | $1.8B | $410.3M | $975.8M | $1.5B | — | — |
| Buybacks | — | $0 | $0 | $200.0M | $400.0M | $950.0M | $647.5M | $500.0M | $400.0M | $1.5B |
| Diluted shares | 236.8M | 237.7M | 237.9M | 238.3M | 237.3M | 229.0M | 224.1M | 219.9M | 215.9M | 206.3M |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into DLTR?
A reverse DCF asks what growth the current price requires. With an enterprise value of $30.1B and $2.0B of trailing free cash flow, Dollar Tree needs to grow free cash flow about 3.8% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 9.5% a year over the last five years.
P/E ratio history
Current 20.1x vs. median 21.3x (10th–90th percentile 16.6x–28.8x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
DLTR analyst price targets
26 analysts' average 12-month target is $135.38 (+8% vs. $125.31). Targets range from $98.00 to $170.00. 38% rate it a buy.
DLTR earnings
Next report: December 2, 2026. Dollar Tree has beaten EPS estimates 8 quarters in a row. Last quarter's revenue was $4.9B (+7% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Aug 27, 2026 | $1.14 | $2.70 | +136.1% |
| May 28, 2026 | $1.54 | $1.74 | +12.9% |
| Mar 16, 2026 | $2.53 | $2.56 | +1.1% |
| Dec 3, 2025 | $1.08 | $1.21 | +11.8% |
| Sep 3, 2025 | $0.41 | $0.77 | +87.7% |
| Jun 4, 2025 | $1.21 | $1.26 | +4.5% |
| Mar 26, 2025 | $2.20 | $2.29 | +4.2% |
| Dec 4, 2024 | $1.08 | $1.12 | +4.2% |
Stocks like DLTR
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|---|---|---|---|---|---|
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DLTR news
- Dollar Tree, Dollar General Stocks Slide as Their Core Shoppers Get Squeezed · Oct 23, 2026
- Dollar Store Stocks Slide as Selling Hits Discount Retail: Dollar Tree and Dollar General Drop 6% · Oct 23, 2026
- Dollar Tree Marks 40th Anniversary with 9,500th Store Opening and $40 Million Commitment to Communities · Oct 23, 2026
- Can DLTR's Multi-Price Strategy Drive Sustainable Sales Growth? · Oct 21, 2026
- Even high-income shoppers are turning to Dollar Tree for dupes. Are you too, in the face of economic uncertainty? · Oct 14, 2026
DLTR stock FAQ
What is DLTR's market cap?
Dollar Tree's market capitalization is $23.51 billion as of October 23, 2026, ranking 371st in the S&P 500.
What is DLTR's P/E ratio?
DLTR trades at a trailing price-to-earnings ratio of 15.3x and a forward P/E of 15.8x. Its median P/E over the period we track is 21.3x.
Does DLTR pay a dividend?
No. Dollar Tree does not currently pay a regular cash dividend.
How much has DLTR stock returned?
Including reinvested dividends, DLTR returned +24.5% over one year, +4.0% a year over five years, +5.2% a year over ten years through October 23, 2026.
Is DLTR stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Dollar Tree must grow free cash flow about 4% a year for the next decade. Its free cash flow grew 9% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
What is the DLTR price target?
26 analysts cover DLTR with an average 12-month price target of $135.38, +8% from the current price. 38% of them rate it a buy.
When does DLTR report earnings?
Dollar Tree is expected to report earnings on December 2, 2026. It has beaten EPS estimates 8 quarters in a row.
How many employees does Dollar Tree have?
Dollar Tree has about 150,000 full-time employees, or $133,791 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology