D

DOLLAR TREE, INC.

DLTR · CIK 0000935703

18 fiscal years · 0 SEC filings · every number carries its receipt

Revenue (FY)
$19.40B10.4%
FY2025
Net income (FY)
$1.28B142.3%
FY2025
Free cash flow (FY)
$1.06B18.4%
FY2025
Diluted EPS (FY)
$6.22144.3%
FY2025
The story, charted

The shape of the business

FY2008–FY2025 · hover any year for its receipt
Revenue & net incomeRevenueNet income
$0$10B$20BFY2008 · Revenue $4.64B · Net income $229.5M · 0000935703-11-000014 · filed 2011-03-17FY08Revenue $4.64BNet income $229.5M0000935703-11-000014 · filed 2011-03-17FY2009 · Revenue $5.23B · Net income $320.5M · 0000935703-11-000014 · filed 2011-03-17FY09Revenue $5.23BNet income $320.5M0000935703-11-000014 · filed 2011-03-17FY2010 · Revenue $5.88B · Net income $397.3M · 0000935703-13-000014 · filed 2013-03-15FY10Revenue $5.88BNet income $397.3M0000935703-13-000014 · filed 2013-03-15FY2011 · Revenue $6.63B · Net income $488.3M · 0000935703-14-000008 · filed 2014-03-14FY11Revenue $6.63BNet income $488.3M0000935703-14-000008 · filed 2014-03-14FY2012 · Revenue $7.39B · Net income $619.3M · 0000935703-15-000034 · filed 2015-03-13FY12Revenue $7.39BNet income $619.3M0000935703-15-000034 · filed 2015-03-13FY2013 · Revenue $7.84B · Net income $596.7M · 0000935703-16-000127 · filed 2016-03-28FY13Revenue $7.84BNet income $596.7M0000935703-16-000127 · filed 2016-03-28FY2014 · Revenue $8.60B · Net income $599.2M · 0000935703-17-000011 · filed 2017-03-28FY14Revenue $8.60BNet income $599.2M0000935703-17-000011 · filed 2017-03-28FY2015 · Revenue $15.50B · Net income $282.4M · 0000935703-18-000016 · filed 2018-03-26FY15Revenue $15.50BNet income $282.4M0000935703-18-000016 · filed 2018-03-26FY2016 · Revenue $20.72B · Net income $896.2M · 0000935703-19-000024 · filed 2019-03-27FY16Revenue $20.72BNet income $896.2M0000935703-19-000024 · filed 2019-03-27FY2017 · Revenue $22.25B · Net income $1.71B · 0000935703-20-000006 · filed 2020-03-20FY17Revenue $22.25BNet income $1.71B0000935703-20-000006 · filed 2020-03-20FY2018 · Revenue $22.82B · Net income −$1.59B · 0000935703-21-000014 · filed 2021-03-16FY18Revenue $22.82BNet income −$1.59B0000935703-21-000014 · filed 2021-03-16FY2019 · Revenue $23.61B · Net income $827.0M · 0000935703-22-000020 · filed 2022-03-15FY19Revenue $23.61BNet income $827.0M0000935703-22-000020 · filed 2022-03-15FY2020 · Revenue $25.51B · Net income $1.34B · 0000935703-23-000016 · filed 2023-03-10FY20Revenue $25.51BNet income $1.34B0000935703-23-000016 · filed 2023-03-10FY2021 · Revenue $26.31B · Net income $1.33B · 0000935703-24-000011 · filed 2024-03-20FY21Revenue $26.31BNet income $1.33B0000935703-24-000011 · filed 2024-03-20FY2022 · Revenue $15.41B · Net income $1.62B · 0000935703-25-000015 · filed 2025-03-26FY22Revenue $15.41BNet income $1.62B0000935703-25-000015 · filed 2025-03-26FY2023 · Revenue $16.77B · Net income −$998.4M · 0000935703-26-000025 · filed 2026-03-16FY23Revenue $16.77BNet income −$998.4M0000935703-26-000025 · filed 2026-03-16FY2024 · Revenue $17.57B · Net income −$3.03B · 0000935703-26-000025 · filed 2026-03-16FY24Revenue $17.57BNet income −$3.03B0000935703-26-000025 · filed 2026-03-16FY2025 · Revenue $19.40B · Net income $1.28B · 0000935703-26-000025 · filed 2026-03-16FY25Revenue $19.40BNet income $1.28B0000935703-26-000025 · filed 2026-03-16FY25Revenue $19.40BNet income $1.28B0000935703-26-000025 · filed 2026-03-16FY09FY11FY13FY15FY17FY19FY21FY23FY25

revenue 4.2× since FY2008 · net margin 4.9% → 6.6%

MarginsNet marginFCF margin
-10%0%10%FY2008 · Net margin 4.9% · FCF margin 5.9%FY08Net margin 4.9%FCF margin 5.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2009 · Net margin 6.1% · FCF margin 8.0%FY09Net margin 6.1%FCF margin 8.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2010 · Net margin 6.8% · FCF margin 5.8%FY10Net margin 6.8%FCF margin 5.8%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2011 · Net margin 7.4% · FCF margin 6.6%FY11Net margin 7.4%FCF margin 6.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2012 · Net margin 8.4% · FCF margin 5.0%FY12Net margin 8.4%FCF margin 5.0%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2013 · Net margin 7.6% · FCF margin 5.9%FY13Net margin 7.6%FCF margin 5.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2014 · Net margin 7.0% · FCF margin 7.2%FY14Net margin 7.0%FCF margin 7.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2015 · Net margin 1.8% · FCF margin 2.1%FY15Net margin 1.8%FCF margin 2.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2016 · Net margin 4.3% · FCF margin 5.4%FY16Net margin 4.3%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2017 · Net margin 7.7% · FCF margin 3.9%FY17Net margin 7.7%FCF margin 3.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2018 · Net margin -7.0% · FCF margin 4.2%FY18Net margin -7.0%FCF margin 4.2%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2019 · Net margin 3.5% · FCF margin 3.5%FY19Net margin 3.5%FCF margin 3.5%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2020 · Net margin 5.3% · FCF margin 7.1%FY20Net margin 5.3%FCF margin 7.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2021 · Net margin 5.0% · FCF margin 1.6%FY21Net margin 5.0%FCF margin 1.6%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2022 · Net margin 10.5% · FCF margin 6.3%FY22Net margin 10.5%FCF margin 6.3%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2023 · Net margin -6.0% · FCF margin 8.9%FY23Net margin -6.0%FCF margin 8.9%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2024 · Net margin -17.2% · FCF margin 5.1%FY24Net margin -17.2%FCF margin 5.1%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY2025 · Net margin 6.6% · FCF margin 5.4%FY25Net margin 6.6%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenueFY25Net margin 6.6%FCF margin 5.4%derived: net income ÷ revenue · derived: (ocf − capex) ÷ revenue’09’13’17’21’25

FY2025: net 6.6% · free cash flow 5.4% of revenue

Cash engineOperating cash flowFree cash flow
$0$1B$2BFY2008 · OCF $403.1M · FCF $271.8M · 0000935703-11-000014 · filed 2011-03-17FY08OCF $403.1MFCF $271.8M0000935703-11-000014 · filed 2011-03-17FY2009 · OCF $581.0M · FCF $416.2M · 0000935703-11-000014 · filed 2011-03-17FY09OCF $581.0MFCF $416.2M0000935703-11-000014 · filed 2011-03-17FY2010 · OCF $518.7M · FCF $340.0M · 0000935703-13-000014 · filed 2013-03-15FY10OCF $518.7MFCF $340.0M0000935703-13-000014 · filed 2013-03-15FY2011 · OCF $686.5M · FCF $436.4M · 0000935703-14-000008 · filed 2014-03-14FY11OCF $686.5MFCF $436.4M0000935703-14-000008 · filed 2014-03-14FY2012 · OCF $678.3M · FCF $366.1M · 0000935703-15-000034 · filed 2015-03-13FY12OCF $678.3MFCF $366.1M0000935703-15-000034 · filed 2015-03-13FY2013 · OCF $794.1M · FCF $464.0M · 0000935703-16-000127 · filed 2016-03-28FY13OCF $794.1MFCF $464.0M0000935703-16-000127 · filed 2016-03-28FY2014 · OCF $942.8M · FCF $617.2M · 0000935703-17-000011 · filed 2017-03-28FY14OCF $942.8MFCF $617.2M0000935703-17-000011 · filed 2017-03-28FY2015 · OCF $802.5M · FCF $322.0M · 0000935703-18-000016 · filed 2018-03-26FY15OCF $802.5MFCF $322.0M0000935703-18-000016 · filed 2018-03-26FY2016 · OCF $1.67B · FCF $1.11B · 0000935703-19-000024 · filed 2019-03-27FY16OCF $1.67BFCF $1.11B0000935703-19-000024 · filed 2019-03-27FY2017 · OCF $1.51B · FCF $878.0M · 0000935703-20-000006 · filed 2020-03-20FY17OCF $1.51BFCF $878.0M0000935703-20-000006 · filed 2020-03-20FY2018 · OCF $1.77B · FCF $948.9M · 0000935703-21-000014 · filed 2021-03-16FY18OCF $1.77BFCF $948.9M0000935703-21-000014 · filed 2021-03-16FY2019 · OCF $1.87B · FCF $835.0M · 0000935703-22-000020 · filed 2022-03-15FY19OCF $1.87BFCF $835.0M0000935703-22-000020 · filed 2022-03-15FY2020 · OCF $2.72B · FCF $1.82B · 0000935703-23-000016 · filed 2023-03-10FY20OCF $2.72BFCF $1.82B0000935703-23-000016 · filed 2023-03-10FY2021 · OCF $1.43B · FCF $410.3M · 0000935703-24-000011 · filed 2024-03-20FY21OCF $1.43BFCF $410.3M0000935703-24-000011 · filed 2024-03-20FY2022 · OCF $1.61B · FCF $975.8M · 0000935703-24-000011 · filed 2024-03-20FY22OCF $1.61BFCF $975.8M0000935703-24-000011 · filed 2024-03-20FY2023 · OCF $2.68B · FCF $1.49B · 0000935703-24-000011 · filed 2024-03-20FY23OCF $2.68BFCF $1.49B0000935703-24-000011 · filed 2024-03-20FY2024 · OCF $2.19B · FCF $892.8M · 0000935703-26-000025 · filed 2026-03-16FY24OCF $2.19BFCF $892.8M0000935703-26-000025 · filed 2026-03-16FY2025 · OCF $2.19B · FCF $1.06B · 0000935703-26-000025 · filed 2026-03-16FY25OCF $2.19BFCF $1.06B0000935703-26-000025 · filed 2026-03-16FY25OCF $2.19BFCF $1.06B0000935703-26-000025 · filed 2026-03-16’09’13’17’21’25

FY2025: $2.19B operating cash − $1.13B capex = $1.06B free cash flow

Returns on capitalReturn on equityReturn on assets
-50%0%50%FY2009 · ROE 22.4% · ROA 14.0%FY09ROE 22.4%ROA 14.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2010 · ROE 27.2% · ROA 16.7%FY10ROE 27.2%ROA 16.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2011 · ROE 36.3% · ROA 21.0%FY11ROE 36.3%ROA 21.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2012 · ROE 37.1% · ROA 22.5%FY12ROE 37.1%ROA 22.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2013 · ROE 51.0% · ROA 21.5%FY13ROE 51.0%ROA 21.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2014 · ROE 33.6% · ROA 17.2%FY14ROE 33.6%ROA 17.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2015 · ROE 6.4% · ROA 1.8%FY15ROE 6.4%ROA 1.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2016 · ROE 16.6% · ROA 5.7%FY16ROE 16.6%ROA 5.7%derived: net income ÷ equity · derived: net income ÷ assetsFY2017 · ROE 23.9% · ROA 10.5%FY17ROE 23.9%ROA 10.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2018 · ROE -28.2% · ROA -11.8%FY18ROE -28.2%ROA -11.8%derived: net income ÷ equity · derived: net income ÷ assetsFY2019 · ROE 13.2% · ROA 4.2%FY19ROE 13.2%ROA 4.2%derived: net income ÷ equity · derived: net income ÷ assetsFY2020 · ROE 18.4% · ROA 6.5%FY20ROE 18.4%ROA 6.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2021 · ROE 17.2% · ROA 6.1%FY21ROE 17.2%ROA 6.1%derived: net income ÷ equity · derived: net income ÷ assetsFY2022 · ROE 18.5% · ROA 7.0%FY22ROE 18.5%ROA 7.0%derived: net income ÷ equity · derived: net income ÷ assetsFY2023 · ROE -13.7% · ROA -4.5%FY23ROE -13.7%ROA -4.5%derived: net income ÷ equity · derived: net income ÷ assetsFY2024 · ROE -76.2% · ROA -16.3%FY24ROE -76.2%ROA -16.3%derived: net income ÷ equity · derived: net income ÷ assetsFY2025 · ROE 34.2% · ROA 9.5%FY25ROE 34.2%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assetsFY25ROE 34.2%ROA 9.5%derived: net income ÷ equity · derived: net income ÷ assets’09’13’17’21’25

return on equity 22% (FY2009) → 34% (FY2025) · on assets 9.5%

Balance sheetLiabilitiesEquity
$0$10B$20BFY2009 · Liabilities $860.5M · Equity $1.43BFY09Liabilities $860.5MEquity $1.43B0000935703-11-000014 · filed 2011-03-17FY2010 · Liabilities $921.5M · Equity $1.46BFY10Liabilities $921.5MEquity $1.46B0000935703-11-000014 · filed 2011-03-17FY2011 · Liabilities $984.0M · Equity $1.34BFY11Liabilities $984.0MEquity $1.34B0000935703-13-000014 · filed 2013-03-15FY2012 · Liabilities $1.08B · Equity $1.67BFY12Liabilities $1.08BEquity $1.67B0000935703-14-000008 · filed 2014-03-14FY2013 · Liabilities $1.60B · Equity $1.17BFY13Liabilities $1.60BEquity $1.17B0000935703-15-000034 · filed 2015-03-13FY2014 · Liabilities $1.71B · Equity $1.78BFY14Liabilities $1.71BEquity $1.78B0000935703-16-000127 · filed 2016-03-28FY2015 · Liabilities $11.49B · Equity $4.41BFY15Liabilities $11.49BEquity $4.41B0000935703-17-000011 · filed 2017-03-28FY2016 · Liabilities $10.31B · Equity $5.39BFY16Liabilities $10.31BEquity $5.39B0000935703-18-000016 · filed 2018-03-26FY2017 · Liabilities $9.15B · Equity $7.18BFY17Liabilities $9.15BEquity $7.18B0000935703-19-000024 · filed 2019-03-27FY2018 · Liabilities $7.86B · Equity $5.64BFY18Liabilities $7.86BEquity $5.64B0000935703-20-000006 · filed 2020-03-20FY2019 · Liabilities $13.32B · Equity $6.25BFY19Liabilities $13.32BEquity $6.25B0000935703-21-000014 · filed 2021-03-16FY2020 · Liabilities $13.41B · Equity $7.29BFY20Liabilities $13.41BEquity $7.29B0000935703-22-000020 · filed 2022-03-15FY2021 · Liabilities $14.00B · Equity $7.72BFY21Liabilities $14.00BEquity $7.72B0000935703-23-000016 · filed 2023-03-10FY2022 · Liabilities $14.27B · Equity $8.75BFY22Liabilities $14.27BEquity $8.75B0000935703-24-000011 · filed 2024-03-20FY2023 · Liabilities $14.71B · Equity $7.31BFY23Liabilities $14.71BEquity $7.31B0000935703-25-000015 · filed 2025-03-26FY2024 · Liabilities $14.67B · Equity $3.98BFY24Liabilities $14.67BEquity $3.98B0000935703-26-000025 · filed 2026-03-16FY2025 · Liabilities $9.71B · Equity $3.75BFY25Liabilities $9.71BEquity $3.75B0000935703-26-000025 · filed 2026-03-16FY25Liabilities $9.71BEquity $3.75B0000935703-26-000025 · filed 2026-03-16’09’13’17’21’25

FY2025: $13.47B assets · $9.71B liabilities · $3.75B equity

The receipts