Dollar TREE, Inc. (DLTR) intrinsic value & 10-year financials
Dollar TREE, Inc. (DLTR) has a Graham intrinsic value of $106.68 per share. At $124.18 on Oct 17, 2026, the stock trades 16% above that value. Over the last 10 fiscal years revenue shrank 0.7% a year to $19.4B, with an average return on invested capital of 7.8%.
- Graham intrinsic value
- $106.68
- Share price (Oct 17, 2026)
- $124.18
- Price vs Graham value
- 16% above
- Market cap
- $25.6B
- Revenue (FY2026)
- $19.4B
- Revenue growth (10-yr CAGR)
- -0.7%
- ROIC (10-yr avg)
- 7.8%
- Free cash flow (FY2026)
- $1.1B
DLTR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $19.4B | $1.3B | $6.22 | $1.1B | 8.5% | 13.5% |
| FY2025 | $17.6B | -$3.0B | -$14.03 | $892.8M | 8.3% | 11.7% |
| FY2024 | $30.6B | -$998.4M | -$4.55 | $583.2M | -2.9% | -5.5% |
| FY2023 | $28.3B | $1.6B | $7.21 | $366.0M | 7.9% | 10.7% |
| FY2022 | $26.3B | $1.3B | $5.80 | $410.3M | 6.9% | 10.0% |
| FY2021 | $25.5B | $1.3B | $5.65 | $1.8B | 7.4% | 10.2% |
| FY2020 | $23.6B | $827.0M | $3.47 | $835.0M | 5.3% | 7.9% |
| FY2019 | $22.8B | -$1.6B | -$6.66 | $948.9M | -4.1% | -8.8% |
| FY2018 | $22.2B | $1.7B | $7.21 | $878.0M | 9.0% | 17.7% |
| FY2017 | $20.7B | $896.2M | $3.78 | $1.1B | 8.2% | 10.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Dollar Tree is facing top-line stagnation, with revenue contracting over the decade.
Dollar Tree has historically struggled to out-earn its cost of capital, averaging just 7.8% ROIC.
Over the decade, Dollar Tree shows that management has aggressively returned capital to shareholders by retiring 12.9% of outstanding shares.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Dollar Tree is modeled at 5.7% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $106.68 per share.