DG
Dollar General Corporation
DG's fundamentals are strong: earnings per share grew 42% and its operating margin rose 1 points to 5.6%. At 18x earnings, it's trading below its usual 20x. Analysts expect earnings growth.
DG Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Stable | |
| Healthy |
DG's profitability and balance sheet are currently healthy, and its revenue and cash flow are stable.
DG PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 16x | $120 | -11% |
| Forward | 16x | $135 | — |
| Current | 18x | $135 | — |
| Fair | 20x | $154 | +15% |
| Expensive | 24x | $185 | +38% |
Historical ranges are pointers, not guarantees.
DG's PE is in its cheap range at 18x. If earnings grow as analysts expect, today's price would be 16x next year's earnings.
DG Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Stable | |
| Improving | |
| Moderate | |
| High |
Analysts expect DG's earnings to grow and its profitability to improve, with its revenue holding steady.
DG Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $8.18 | +6.4% |
| Q3 2026 | $7.69 | +42% |
| Q2 2026 | $7.07 | +35% |
| Q1 2026 | $6.85 | +34% |
| Q4 2025 | $5.79 | -4.5% |
| Q3 2025 | $5.40 | -16% |
| Q2 2025 | $5.24 | -24% |
| Q1 2025 | $5.11 | -32% |
| Q4 2024 | $6.06 | -30% |
DG's earnings per share have fallen from their peak: $7.69 over the past year, against $10.87 in early 2021.
DG Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $11.3B | +5.2% |
| Q2 2026 | $10.8B | +3.4% |
| Q1 2026 | $10.9B | +5.9% |
| Q4 2025 | $10.6B | +4.6% |
| Q3 2025 | $10.7B | +5.1% |
| Q2 2025 | $10.4B | +5.3% |
| Q1 2025 | $10.3B | +4.5% |
| Q4 2024 | $10.2B | +5% |
DG's revenue has grown year over year for 10 quarters in a row: $11.3B last quarter, up 5.2% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 6.8% | +1.3 points |
| Q2 2026 | 5.9% | +0.4 points |
| Q1 2026 | 5.6% | +2.7 points |
| Q4 2025 | 4% | +0.8 points |
| Q3 2025 | 5.5% | +0.2 points |
| Q2 2025 | 5.5% | 0 points |
| Q1 2025 | 2.9% | -3 points |
| Q4 2024 | 3.2% | -1.3 points |
DG's operating margin was 6.8% last quarter, up 1.3 points from the same quarter a year ago.
DG Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $373.7M | -34% |
| Q2 2026 | $364.6M | -34% |
| Q1 2026 | $582M | +10% |
| Q4 2025 | $690.4M | +243% |
| Q3 2025 | $564.7M | -11% |
| Q2 2025 | $556.2M | +73% |
| Q1 2025 | $528.1M | +7.8% |
| Q4 2024 | $201M | -17% |
DG still generates free cash flow, though less than at its 2020 peak: $2B over the past year.
DG Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -54K shares |
| 1 year | +0.3% | +651K shares |
| 3 years | +0.7% | +1.6M shares |
| 5 years | -6.3% | -14.9M shares |
| Available history | -14% | -36.2M shares |
DG has 222M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q1 2023 | $1.1B |
| Q4 2022 | $546.5M |
| Q3 2022 | $348.6M |
| Q2 2022 | $746.8M |
| Q1 2022 | $489.8M |
| Q4 2021 | $359.8M |
| Q3 2021 | $699.8M |
| Q2 2021 | $1B |
DG Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | 0.9x | Very low |
| Q2 2026 | 1.0x | Very low |
| Q1 2026 | 1.1x | Healthy |
| Q4 2025 | 1.3x | Healthy |
| Q3 2025 | 1.6x | Healthy |
| Q2 2025 | 1.8x | Healthy |
| Q1 2025 | 2.0x | Healthy |
| Q4 2024 | 1.9x | Healthy |
DG's net debt is less than a year of its operating earnings (EBITDA), down from 1.6 years a year ago.
DG Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 58.0 | Neutral |
| Stochastic | 64.1 | Neutral |
DG's weekly RSI is 58 (neutral) and its Stochastic is 64 (neutral).
DG PE vs Consumer Defensive Sector
| Metric | DG | Sector median | Relative |
|---|---|---|---|
| PE | 18x | 19x | 10% below |
| PE % | 28 | 18 | 10 pts above |
DG is trading at 18x earnings, a 10% discount to the Consumer Defensive sector's median of 19x.
DG Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $129.8 | 3.7% above |
| 20 week MA | $126.1 | 6.7% above |
| 50 week MA | $127.8 | 5.3% above |
| 100 week MA | $111.6 | 21% above |
| 200 week MA | $127.9 | 5.2% above |
DG has climbed back above all five of its weekly moving averages, and it's now 5.2% above its 200-week average.
DG Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $156.7 | $211.3 | +35% |
| 2021 | $211.3 | $221.3 | +4.8% |
| 2022 | $221.3 | $247.6 | +12% |
| 2023 | $247.6 | $136.0 | -45% |
| 2024 | $136.0 | $75.9 | -44% |
| 2025 | $75.9 | $137.8 | +82% |
| 2026 YTD | $137.8 | $134.6 | -2.3% |
DG has finished higher in four of the last six years. It's down 2.3% so far in 2026.