DLTR
Dollar Tree, Inc.
DLTR's fundamentals are mixed, but it looks cheap: trading at 17x earnings, below its usual 22x. Analysts expect strong earnings growth.
DLTR Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Healthy | |
| Strong |
DLTR's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
DLTR PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 17x | $139 | -1.9% |
| Current | 17x | $141 | — |
| Forward | 19x | $141 | — |
| Fair | 22x | $176 | +25% |
| Expensive | 26x | $212 | +50% |
Historical ranges are pointers, not guarantees.
DLTR's PE is in its cheap range at 17x. On analysts' estimates for next year's earnings, today's price would be 19x.
DLTR Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| Moderate |
Analysts expect earnings and revenue growth for DLTR, with profitability improving.
DLTR Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $7.45 | -8.7% |
| Q3 2026 | $8.16 | +$21.73 |
| Q2 2026 | $6.37 | +$20.23 |
| Q1 2026 | $6.22 | +$20.31 |
| Q4 2025 | -$13.45 | -$8.75 |
| Q3 2025 | -$13.57 | -$8.76 |
| Q2 2025 | -$13.86 | -$9.34 |
| Q1 2025 | -$14.09 | -$9.54 |
| Q4 2024 | -$4.70 | -189% |
DLTR has returned to profit: it earned $8.16 per share over the past year, after losing money the year before.
DLTR Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $4.9B | +7% |
| Q2 2026 | $5B | +7.2% |
| Q1 2026 | $5.5B | +9.1% |
| Q4 2025 | $4.8B | -37% |
| Q3 2025 | $4.6B | -38% |
| Q2 2025 | $4.6B | -39% |
| Q1 2025 | $5B | -42% |
| Q4 2024 | $7.6B | +3.5% |
DLTR's revenue is recovering but still below its 2024 peak: $4.9B last quarter, up 7% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 14% | +9.1 points |
| Q2 2026 | 9.5% | +1.2 points |
| Q1 2026 | 13% | +2.7 points |
| Q4 2025 | 7.2% | +2.8 points |
| Q3 2025 | 5% | +2.3 points |
| Q2 2025 | 8.3% | +2.8 points |
| Q1 2025 | 10% | +32 points |
| Q4 2024 | 4.4% | +0.3 points |
DLTR's operating margin was 14% last quarter, up 9.1 points from the same quarter a year ago, near the top of its range since 2019.
DLTR Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $675.2M | +4228% |
| Q2 2026 | $391.5M | +202% |
| Q1 2026 | $968.5M | +92% |
| Q4 2025 | -$57.1M | -116% |
| Q3 2025 | $15.6M | +$209.4M |
| Q2 2025 | $129.7M | -42% |
| Q1 2025 | $503.9M | +7% |
| Q4 2024 | $359.2M | +$394.8M |
DLTR generated $2B in free cash flow over the past year, up 96% from the year before.
DLTR Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -3.3% | -6.5M shares |
| 1 year | -8.1% | -16.9M shares |
| 3 years | -13% | -29.6M shares |
| 5 years | -17% | -38.6M shares |
| Available history | -20% | -46.6M shares |
DLTR has 191M diluted shares, down 8.1% from a year ago, with $1.8B in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $623.1M |
| Q2 2026 | $585.8M |
| Q1 2026 | $236M |
| Q4 2025 | $387.8M |
| Q3 2025 | $496.5M |
| Q2 2025 | $427.7M |
| Q1 2025 | — |
| Q4 2024 | — |
DLTR spent $1.8B buying back its own shares over the past year, up 98% from the year before.
DLTR Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q1 2026 | 0.7x | Very low |
DLTR's net debt is less than a year of its operating earnings (EBITDA).
DLTR Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 64.0 | Neutral |
| Stochastic | 73.9 | Neutral |
DLTR's weekly RSI is 64 (neutral) and its Stochastic is 74 (neutral).
DLTR PE vs Consumer Defensive Sector
| Metric | DLTR | Sector median | Relative |
|---|---|---|---|
| PE | 17x | 19x | 11% below |
| PE % | 18 | 18 | Same percentile |
DLTR is trading at 17x earnings, a 11% discount to the Consumer Defensive sector's median of 19x.
DLTR Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $125.1 | 13% above |
| 20 week MA | $125.2 | 13% above |
| 50 week MA | $119.4 | 18% above |
| 100 week MA | $104.6 | 35% above |
| 200 week MA | $112.3 | 26% above |
DLTR has climbed back above all five of its weekly moving averages, and it's now 26% above its 200-week average.
DLTR Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $92.8 | $109.0 | +17% |
| 2021 | $109.0 | $137.0 | +26% |
| 2022 | $137.0 | $141.9 | +3.6% |
| 2023 | $141.9 | $142.1 | +0.1% |
| 2024 | $142.1 | $76.0 | -47% |
| 2025 | $76.0 | $124.0 | +63% |
| 2026 YTD | $124.0 | $141.3 | +14% |
DLTR has finished higher in five of the last six years. It's up 14% so far in 2026.