Consumer Staples · Consumer Staples Merchandise Retail · US stock · price as of 16 Oct 2026
Key indicators
Price
$124.18
52-week range
$85.88 – $142.40
Market cap
$23.7B
P/E (trailing)
15.4×
EV / EBITDA
11.6×
Free-cash-flow yield
–
Dividend yield
–
Revenue (last 12 months)
$20.1B
Revenue growth (3y a year)
8.0%
Operating margin
11.0%
Return on invested capital
31.3%
Net debt / EBITDA
0.9×
Fair value
Blended fair value$221.39 range $213 – $230
Versus priceUndervalued+78% to fair value
Peer multiples
$216.80
Fundamentals-adjusted multiple
$274.37
10-year DCF (market-scaled)
$173.02
Earnings power value (floor, not blended)
$81.71
Model uncertainty
Medium
X-Ray Score
77/ 100 · Medium confidence · ahead of 97% of sector peers
Valuation96
Growth66
Profitability67
Financial health75
Dividends–
Five-year price chart navy: price · brown: 200-day average · blue band: fair value range
Executive summary
Dollar Tree operates a large chain of discount variety stores across the United States and Canada, selling consumables, seasonal goods, household items and party supplies at low fixed price points. It earns money from the margin between what it pays suppliers and the prices charged at the register. The company also owns the Family Dollar banner, which serves lower-income neighborhoods with a broader range of food and everyday necessities.
Over the last twelve months Dollar Tree, Inc. reported revenue of $20.1 billion, which grew 8.0% a year over the past three years. Its operating margin is 11.0% and its return on invested capital is 31%. Net debt to EBITDA is 0.9 times. The company does not pay a dividend.
StocksXray gives Dollar Tree, Inc. an X-Ray Score of 77 out of 100 (medium confidence), ahead of 97% of the S&P 500 stocks in its sector. Its strongest lens is valuation (96) and its weakest is growth (66).
Our fair value blend is $221.39 (range $213.21 to $230.05). At $124.18 the stock trades 44% below that blend, so the label is "Undervalued" with medium model uncertainty. Fair value is a range, not a price target.
XStocksXray
Dollar Tree, Inc. (DLTR)
Valuation history multiples at each fiscal year-end price; the last column uses today's price and the last twelve months
FY2022
FY2023
FY2024
FY2025
FY2026
Now
Price
$128.49
$150.37
$138.71
$73.35
$117.59
$124.18
Market cap
$29.4B
$33.7B
$30.5B
$15.8B
$24.3B
$23.7B
P/E
22.2×
20.9×
–
–
18.9×
15.4×
EV / revenue
1.2×
2.4×
2.0×
1.0×
1.3×
1.3×
EV / EBITDA
12.6×
14.8×
15.4×
9.1×
11.3×
11.6×
Price / free cash flow
71.7×
34.5×
20.5×
–
–
–
Free-cash-flow yield
1.4%
2.9%
4.9%
–
–
–
Price / book
3.8×
3.9×
4.2×
4.0×
6.5×
6.9×
Dividend yield
–
–
–
–
–
–
Fundamentals checklist ● 8 Good · ● 4 Average · ● 1 Bad · each check graded against the sector
Risk models
Altman Z score2.4×Average
Piotroski F-Score9 of 9Good
Growth
EPS growth (3y)−4.8%Bad
Revenue growth (3y)8.0%Good
Growth consistency70%Average
Balance sheet
Current ratio1.1×Average
Net debt / EBITDA0.9×Good
Interest coverno interest costGood
Valuation
Fair value vs price1.8×Good
EBIT / EV yield8.6%Good
Profitability
Return on invested capital31.3%Good
Operating margin11.0%Average
Gross profitability55.3%Good
XStocksXray
Dollar Tree, Inc. (DLTR)
Financials US$ millions, from SEC filings; last column is the last twelve months
Income statement
FY22
FY23
FY24
FY25
FY26
LTM
Revenue
26,321
15,412
16,781
17,579
19,412
20,069
Gross profit
7,726
5,776
6,009
6,282
7,051
7,765
Operating income
1,811
2,099
1,775
1,462
1,653
2,201
Net income
1,328
1,615
-998
-3,030
1,283
1,613
Diluted EPS ($)
5.80
7.21
-4.54
-14.03
6.22
8.08
Free cash flow
410
976
1,491
–
–
–
Gross margin
29.4%
37.5%
35.8%
35.7%
36.3%
38.7%
Operating margin
6.9%
13.6%
10.6%
8.3%
8.5%
11.0%
Net margin
5.0%
10.5%
−5.9%
−17.2%
6.6%
8.0%
Balance sheet
FY22
FY23
FY24
FY25
FY26
LTM
Total assets
21,722
23,022
22,024
18,644
13,466
14,030
Cash
985
643
425
1,257
718
1,058
Total debt
3,417
3,422
3,426
3,431
2,432
2,934
Equity
7,719
8,752
7,313
3,977
3,755
3,425
Dividend per share ($)
–
–
–
–
–
–
Revenue and net income US$ billions: navy revenue, teal net income
Every number comes from SEC filings, end-of-day prices and the StocksXray models described on the methodology page. The X-Ray Score ranks each metric against the company's own sector. Fair value blends three models and carries a typical error of about 40%, so treat it as a range. Analyst ratings, price targets and earnings-call summaries are not part of this report. Educational research, not financial advice; read the disclaimer.