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Dollar General (DG) stock

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NYSE: DG NYSE Consumer Staples Merchandise Retail Next results ~December 3, 2026

C Fundamentals grade

Dollar General is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in January.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$150

Cash-flow model

Base case. Range ~$110–$200 across our lower- and higher-growth cases (-0.6%–9.4% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 7% below our base value.

Price used: $135.78, November 2, 2026

Dollar General valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter Dollar General files

Where Dollar General stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $43.6bn, up 4.8% on a year earlier, about the same pace as a quarter earlier. Free-cash-flow margin held at 4.6%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $140 a share, against a share price of $134. At that price, our model says the market is pricing in about 3.8% a year of cash-flow growth for five years, close to the 5.0% a year revenue growth it has delivered.

Source: 10-Q filed August 27, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~December 3, 2026 (estimated)

Dollar General's trailing-twelve-month revenue grew 4.8% year on year, with a free-cash-flow margin of 4.6%. Where it stands out: stock pay as % of revenue of 0.2% ranks 2 of 8 consumer staples merchandise retail companies we cover. Where it lags: revenue growth of 4.8% ranks 8 of 9 consumer staples merchandise retail companies we cover.

Our discounted-cash-flow model values the business at ~$150 per share in the base case (~$110–$200 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 8.7% while net income grew 43.0%: a 34pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Beating expectations. Earnings per share beat the analysts' consensus estimate in each of the last four quarters.

Things to watch

  • Below peers: revenue growth. Revenue growth of 4.8% ranks 8 of 9 consumer staples merchandise retail companies we cover (median 9.1%).
  • Below peers: change in growth rate. Change in growth rate of +0.1pp ranks 8 of 9 consumer staples merchandise retail companies we cover (median +0.9pp).

Latest results: FY2027 Q2

Filed August 27, 2026
Earnings per share
$2.48 against an average estimate of $2.01: beat by 23.5%
Revenue
$11.29bn, up 5.2% on a year earlier
Share reaction
+0.1% in the first session after the results on August 27, 2026, against +0.4% for the S&P 500
Guidance given
net sales growth growth 4% to 4.3% (fiscal 2026); same-store sales growth growth 2.5% to 2.9% (fiscal 2026)
Next report
August 27, 2026; average EPS estimate $1.42

Dollar General's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.6%
  • 1 week+5.7%
  • 1 month+14.7%
  • This year+4.2%
  • 1 year+40.3%
  • 5 years-33.8%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$43.6B
Operating margin
5.6%
Net margin
3.9%
EPS (TTM, diluted)
$7.70

Growth

Revenue growth
+4.8%
Change in growth rate
+0.1 pts
Share count change
+0.5%

Cash

Free cash flow (TTM)
$2B
FCF margin
4.6%
Stock pay % of revenue
0.2%

Earnings

Last results
August 27, 2026
Next results (est.)
December 3, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Announcement
  3. Leadership
  4. Results
  5. Guidance

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Dollar General valuation models and calculator

What the price is pricing in

The share price implies about 2.8% a year of cash-flow growth for five years.That is close to the 5.0% a year revenue growth Dollar General has delivered.

  • Priced in2.8%
  • Last 12 months4.8%
  • 3 years a year4.0%
  • 5 years a year5.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($132.77, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$150
Price used
$132.77close November 3, 2026
Implied change
▲ +10%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Dollar General's free cash flow after stock-based pay with after-tax interest added back ($1.9B, FY2027 Q2 TTM), growing 4.2% and 4.3% in the next two years (forecasts, guidance and its record), then back to 4.4% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$110–~$200 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Dollar General's free cash flow after stock-based pay ( $1.9B, FY2027 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Dollar General as an operating company, with every model that fits that kind of business. Cost of equity 7.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.47 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$150 ~$110–$200 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$190 ~$150–$290 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$290 ~$200–$440 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$230 ~$190–$310 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$200 ~$150–$290 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Dollar General with Consumer Staples Merchandise Retail in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −27%
  • Revenue growth 5 points higher ▲ +35%
  • Free-cash-flow margin 1 point lower ▼ −23%
  • Last year's free-cash-flow margin change, if it persists ▲ +4%
  • Discount rate 1 point higher ▼ −16%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $108$152$210$286$385$513
8.5% $80$111$153$207$278$369
10% $62$87$119$161$214$283

Valuation multiples over time Market data may be delayed

At fiscal year end 20162017201820192020202120222023202420252026Now
Share price$64.82$63.96$88.13$103.13$138.76$177.36$187.67$211.43$128.27$68.51$141.33$135.78
Market value$19.1bn$18.1bn$24.1bn$27.4bn$35.8bn$44.4bn$44.3bn$47.8bn$28.2bn$15.1bn$31.2bn$30.1bn
+ Net debt (− = net cash)−$158m−$188m−$267m−$235m−$240m−$1.4bn−$345m−$382m−$537m−$933m−$1.1bn$3.0bn
Enterprise value$19.0bn$17.9bn$23.8bn$27.2bn$35.6bn$43.0bn$43.9bn$47.5bn$27.7bn$14.1bn$30.1bn$33.0bn
Multiples
Price / sales 0.9x0.8x1.0x1.1x1.3x1.3x1.3x1.3x0.7x0.4x0.7x0.7x
Price / earnings 16.4x14.4x15.7x17.3x20.9x16.7x18.4x19.8x17.0x13.4x20.6x17.6x
Price / free cash flow 21.6x17.3x20.8x19.5x24.6x15.6x24.6x112.9x40.8x8.9x13.0x14.9x
EV / EBITDA 8.3x7.3x9.9x10.6x12.7x10.4x11.4x11.7x8.4x5.3x9.3x9.4x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

58 /100

Moderate moat

How hard Dollar General's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 12 / 20

    Net income has been a median 7.8% of total assets over 10 years.

  • Pricing power 11 / 20

    Gross margin has been a median 30.9%, moving by 0.6 percentage points (standard deviation) across 10 years.

  • Durability 9 / 20

    Operating margin has been a median 8.3%; its worst year was 4.3%.

  • Cash conversion 12 / 20

    Free cash flow was positive in 10 of 10 years, at a median 4.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 8.8% over five years; stock-based pay has been a median 0.2% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (63 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $7.91 +16% $44.5bn +4%
Next $8.38 +6% $46.4bn +4%

Next year's EPS estimate has moved +4.9% in 90 days, across 29 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +7.3% on 90 days ago. In the last 30 days, 6 analysts raised Dollar General's forecast and 0 cut it.

Consensus EPS forecast Dollar General, last 90 days
$7.00 $7.50 $8.00 $8.50 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $7.37 Current fiscal year, 60 days ago: $7.42 Current fiscal year, 30 days ago: $7.91 Current fiscal year, 7 days ago: $7.91 Current fiscal year, Now: $7.91 $7.91 Next fiscal year, 90 days ago: $7.99 Next fiscal year, 60 days ago: $8.07 Next fiscal year, 30 days ago: $8.37 Next fiscal year, 7 days ago: $8.38 Next fiscal year, Now: $8.38 $8.38

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $7.37$7.99
60 days ago $7.42$8.07
30 days ago $7.91$8.37
7 days ago $7.91$8.38
Now $7.91$8.38

Earnings against estimates

Quarter toEstimateActualSurprise
Jul 2026 $2.01 $2.48 +23.5%
Apr 2026 $1.88 $2.00 +6.2%
Jan 2026 $1.64 $1.93 +17.8%
Oct 2025 $0.93 $1.28 +37.5%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 27, 2026
  • Net sales growth fiscal 2026 4% growth to 4.3% growth Raised
    “Net sales growth in the range of approximately 4.0% to 4.3%, compared to its previous expectation in the range of 3.7% to 4.2%” source
  • Diluted EPS fiscal 2026 $7.80 to $8.00 Raised
    “Diluted EPS in the range of approximately $7.80 to $8.00, compared to its previous expectation in the range of $7.20 to $7.45” source
  • Same-store sales growth fiscal 2026 2.5% growth to 2.9% growth Raised
    “Same-store sales growth in the range of approximately 2.5% to 2.9%, compared to its previous expectation in the range of 2.2% to 2.7%” source
  • Effective tax rate (EPS guidance assumption) fiscal 2026 about 24.5%
    “Diluted EPS guidance assumes an effective tax rate of approximately 24.5%” source
  • Capital expenditures fiscal 2026 $1.4bn to $1.5bn Maintained
    “The Company continues to expect capital expenditures, including those related to investments in the Company's strategic initiatives, in the range of $1.4 billion to $1.5 billion.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Dollar General's revenue by +4.2% next year and +4.3% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.2%, weight 57%) , management guidance (+4.0%, weight 18%) and the company's own record (+4.4%, weight 24%) . How the weights are set.

Analyst recommendations

31 analysts, Oct 2026
Buy1342%
Hold1755%
Sell13%

Monthly trend

  1. Oct 20263101731
  2. Sep 2026391831
  3. Aug 2026381931
  4. Jul 2026381931

Counts of recommendations published by analysts covering Dollar General, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
3.0%
of tradable shares
Days to cover
2.64
at average volume
Short interest, 1 month
−2%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.3%
of shares
Employees
194,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +40.3%

$96.80 on October 31, 2025 to $135.78

ThenNowEffect
Revenue (last 12 months) $41.7bn $43.6bn +4.8%
Net margin 2.9% 3.9% +36.5%
P/E multiple 17.9x 17.6x −1.4%
Share count 220m 221m −0.5%

Biggest factor: net margin.

Last 3 years +21.4%

$111.85 on November 3, 2023 to $135.78

ThenNowEffect
Revenue (last 12 months) $38.8bn $43.6bn +12.4%
Net margin 5.6% 3.9% −30.1%
P/E multiple 11.5x 17.6x +54.1%
Share count 222m 221m +0.3%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
DG+13%+6%−44%−43%+80%+4%
Industry peers (median)+32%−9%+7%+34%+9%+23%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
DG50%58%33%25%67%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
DG−18%−28%−59%−54%−17%−35%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 73% from October 28, 2022 to January 17, 2025. Getting back needed a 265% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$94.13 – $153.95
From 52-week high
−11.8%
vs 50-day average
+7.6%
vs 200-day average
+9.0%
Volatility (1 year)
38%
Beta vs S&P 500
0.46

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.6%
After a week
4 up, 8 down
typical move ±9.5%
After a month
6 up, 6 down
typical move ±13.1%
Results releasedNext dayS&P 500 next day5 days21 days
August 27, 2026 +0.1% +0.4% +6.9% +1.3%
June 2, 2026 −4.4% −0.6% −0.5% +7.5%
March 12, 2026 −9.0% −2.1% −14.8% −17.3%
December 4, 2025 +20.5% +0.3% +20.7% +32.2%
August 28, 2025 −2.2% −0.2% −1.7% −7.4%
June 3, 2025 +15.0% +0.5% +14.5% +17.4%
March 13, 2025 +5.6% +0.7% +9.1% +19.7%
December 5, 2024 +2.6% 0.0% −1.4% −6.0%
August 29, 2024 −33.0% +1.0% −33.3% −31.7%
May 30, 2024 −1.7% +0.2% −7.0% −6.2%
March 14, 2024 −3.9% −0.9% −2.5% −8.2%
December 7, 2023 −5.0% +1.2% −2.2% +2.5%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Dollar General’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Implied vs realised volatility

Includes results

A results date falls inside these options’ life. Implied volatility is meant to be higher for that, so we do not call it rich.

  • Implied is 1.35× the last 60 days’ realised volatility .
  • Puts and calls are priced at about the same implied volatility.
  • Why: an earnings date falls inside the option's life, so implied volatility is expected to be high.

Our rule for “rich”: implied at least 1.2× 60-day realised (beyond measurement noise), above 1-year realised (not just a calm spell), and in the top 20% of our coverage that day. Never with results inside the option’s life. These are our conventions, built on research showing option prices usually imply more movement than follows, most when the gap is wide. How we judge this.

Cash-secured put

Not offered: fundamentals grade C (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

DG Dollar General Grade C $135.98

Own 100 shares, sell the $150 call expiring December 18, 2026 (46 days) for $3.35 a share — $335 per contract.

Previous session · Bid $3.35, ask $4.15, quoted Mon 2 Nov, 17:21 New York time with DG at $135.98. Option prices move with the shares: check the live chain at your broker before trading.

  • If DG ends below $150: you keep your shares and the $335 — 2.5% extra on the position, 19.5% a year at that pace.
  • If it ends above $150: your shares are sold at $150, a total return of 12.8% including the premium — at or above our value of ~$150.
$1.7k $0 −$2.7k Break-even $132.63 Price $135.98 Our value $150
Profit or loss per contract at expiry, by share price (including the shares bought at today's price).
Premium
$335
Annualised
19.5%
Break-even
$132.63
Max gain
$1,737
Chance of selling
~32%

Results are expected around December 3, 2026, before this option expires: the share price can jump on results, and the premium partly reflects that.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Dollar General in five measures

Fundamentals grade C
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Dollar General
$38B $40B $42B $44B FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue (TTM), FY24 Q3: $39B Revenue (TTM), FY24 Q4: $38.7B Revenue (TTM), FY25 Q1: $39.3B Revenue (TTM), FY25 Q2: $39.7B Revenue (TTM), FY25 Q3: $40.2B Revenue (TTM), FY25 Q4: $40.6B Revenue (TTM), FY26 Q1: $41.1B Revenue (TTM), FY26 Q2: $41.7B Revenue (TTM), FY26 Q3: $42.1B Revenue (TTM), FY26 Q4: $42.7B Revenue (TTM), FY27 Q1: $43.1B Revenue (TTM), FY27 Q2: $43.6B $43.6B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY24 Q3 $39B
FY24 Q4 $38.7B
FY25 Q1 $39.3B
FY25 Q2 $39.7B
FY25 Q3 $40.2B
FY25 Q4 $40.6B
FY26 Q1 $41.1B
FY26 Q2 $41.7B
FY26 Q3 $42.1B
FY26 Q4 $42.7B
FY27 Q1 $43.1B
FY27 Q2 $43.6B
Revenue growth, TTM YoY Dollar General
0% 2% 4% 6% 8% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Revenue growth, TTM YoY, FY24 Q3: 7.6% Revenue growth, TTM YoY, FY24 Q4: 2.2% Revenue growth, TTM YoY, FY25 Q1: 2.2% Revenue growth, TTM YoY, FY25 Q2: 2.2% Revenue growth, TTM YoY, FY25 Q3: 2.9% Revenue growth, TTM YoY, FY25 Q4: 5.0% Revenue growth, TTM YoY, FY26 Q1: 4.8% Revenue growth, TTM YoY, FY26 Q2: 5.0% Revenue growth, TTM YoY, FY26 Q3: 4.9% Revenue growth, TTM YoY, FY26 Q4: 5.2% Revenue growth, TTM YoY, FY27 Q1: 4.7% Revenue growth, TTM YoY, FY27 Q2: 4.8% 4.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY24 Q3 7.6%
FY24 Q4 2.2%
FY25 Q1 2.2%
FY25 Q2 2.2%
FY25 Q3 2.9%
FY25 Q4 5.0%
FY26 Q1 4.8%
FY26 Q2 5.0%
FY26 Q3 4.9%
FY26 Q4 5.2%
FY27 Q1 4.7%
FY27 Q2 4.8%
Operating margin (TTM) Dollar General
4% 5% 6% 7% 8% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 Operating margin (TTM), FY24 Q3: 7.2% Operating margin (TTM), FY24 Q4: 6.3% Operating margin (TTM), FY25 Q1: 5.7% Operating margin (TTM), FY25 Q2: 5.3% Operating margin (TTM), FY25 Q3: 5.0% Operating margin (TTM), FY25 Q4: 4.2% Operating margin (TTM), FY26 Q1: 4.2% Operating margin (TTM), FY26 Q2: 4.3% Operating margin (TTM), FY26 Q3: 4.5% Operating margin (TTM), FY26 Q4: 5.2% Operating margin (TTM), FY27 Q1: 5.3% Operating margin (TTM), FY27 Q2: 5.6% 5.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY24 Q3 7.2%
FY24 Q4 6.3%
FY25 Q1 5.7%
FY25 Q2 5.3%
FY25 Q3 5.0%
FY25 Q4 4.2%
FY26 Q1 4.2%
FY26 Q2 4.3%
FY26 Q3 4.5%
FY26 Q4 5.2%
FY27 Q1 5.3%
FY27 Q2 5.6%
FCF margin (TTM) Dollar General
0% 2% 4% 6% FY24 Q3 FY25 Q2 FY26 Q1 FY27 Q2 FCF margin (TTM), FY24 Q3: 1.2% FCF margin (TTM), FY24 Q4: 1.8% FCF margin (TTM), FY25 Q1: 3.0% FCF margin (TTM), FY25 Q2: 4.3% FCF margin (TTM), FY25 Q3: 4.1% FCF margin (TTM), FY25 Q4: 4.2% FCF margin (TTM), FY26 Q1: 4.7% FCF margin (TTM), FY26 Q2: 4.4% FCF margin (TTM), FY26 Q3: 5.6% FCF margin (TTM), FY26 Q4: 5.6% FCF margin (TTM), FY27 Q1: 5.1% FCF margin (TTM), FY27 Q2: 4.6% 4.6%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY24 Q3 1.2%
FY24 Q4 1.8%
FY25 Q1 3.0%
FY25 Q2 4.3%
FY25 Q3 4.1%
FY25 Q4 4.2%
FY26 Q1 4.7%
FY26 Q2 4.4%
FY26 Q3 5.6%
FY26 Q4 5.6%
FY27 Q1 5.1%
FY27 Q2 4.6%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2026, from the 10-K

Each dollar Dollar General took in during FY2026, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $42.7B
  2. Cost of revenue $29.6B · 69.3%
  3. Gross profit $13.1B · 30.7%
  4. Selling, general and admin $10.9B · 25.5%
  5. Operating income $2.2B · 5.2%
  6. Income tax $452M · 1.1%
  7. Interest and other $239M · 0.6%
  8. Net income $1.5B · 3.5%

Shares of revenue. Source: Dollar General's 10-K for FY2026, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ billions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Jan 2010 2011 Jan 2011 2012 Feb 2012 2013 Feb 2013 2014 Jan 2014 2015 Jan 2015 2016 Jan 2016 2017 Feb 2017 2018 Feb 2018 2019 Feb 2019 2020 Jan 2020 2021 Jan 2021 2022 Jan 2022 2023 Feb 2023 2024 Feb 2024 2025 Jan 2025 2026 Jan 2026 LTM Jul 2026
Income
Revenue 11.8 13.0 14.8 16.0 17.5 18.9 20.4 22.0 23.5 25.6 27.8 33.7 34.2 37.8 38.7 40.6 42.7 43.6
Gross profit 3.7 4.2 4.7 5.1 5.4 5.8 6.3 6.8 7.2 7.8 8.5 10.7 10.8 11.8 11.7 12.0 13.1 13.6
EBITDA 1.2 1.5 1.8 2.0 2.1 2.1 2.3 2.4 2.4 2.6 2.8 4.1 3.9 4.1 3.3 2.7 3.2 3.5
Operating income 1.0 1.3 1.5 1.7 1.7 1.8 1.9 2.1 2.0 2.1 2.3 3.6 3.2 3.3 2.4 1.7 2.2 2.4
Net income 0.3 0.6 0.8 1.0 1.0 1.1 1.2 1.3 1.5 1.6 1.7 2.7 2.4 2.4 1.7 1.1 1.5 1.7
Diluted EPS $1.04 $1.82 $2.22 $2.85 $3.17 $3.49 $3.95 $4.43 $5.63 $5.97 $6.64 $10.62 $10.17 $10.68 $7.55 $5.11 $6.85 $7.70
Growth (year on year)
Revenue — +10.5% +13.6% +8.2% +9.3% +8.0% +7.7% +7.9% +6.8% +9.2% +8.3% +21.6% +1.4% +10.6% +2.2% +5.0% +5.2% +4.8%
EBITDA — +26.4% +15.5% +10.9% +5.7% +2.1% +8.6% +6.6% −1.3% +6.6% +9.2% +47.1% −6.5% +5.0% −18.7% −18.5% +21.0% +25.9%
Operating income — +33.7% +17.0% +11.0% +4.9% +1.9% +9.7% +6.3% −2.7% +5.4% +8.8% +54.4% −9.4% +3.3% −26.5% −29.9% +28.6% +36.3%
Net income — +85.0% +22.1% +24.3% +7.6% +3.9% +9.4% +7.4% +23.0% +3.3% +7.7% +55.0% −9.6% +0.7% −31.2% −32.3% +34.4% +43.0%
Diluted EPS — +75.0% +22.0% +28.4% +11.2% +10.1% +13.2% +12.2% +27.1% +6.0% +11.2% +59.9% −4.2% +5.0% −29.3% −32.3% +34.1% +42.3%
Margins
Gross margin 31.3% 32.0% 31.7% 31.7% 31.1% 30.7% 31.0% 30.8% 30.8% 30.5% 30.6% 31.8% 31.6% 31.2% 30.3% 29.6% 30.7% 31.2%
EBITDA margin 10.3% 11.7% 11.9% 12.2% 11.8% 11.2% 11.3% 11.1% 10.3% 10.0% 10.1% 12.2% 11.3% 10.7% 8.5% 6.6% 7.6% 8.1%
Operating margin 8.1% 9.8% 10.1% 10.3% 9.9% 9.4% 9.5% 9.4% 8.6% 8.3% 8.3% 10.5% 9.4% 8.8% 6.3% 4.2% 5.2% 5.6%
Net margin 2.9% 4.8% 5.2% 5.9% 5.9% 5.6% 5.7% 5.7% 6.6% 6.2% 6.2% 7.9% 7.0% 6.4% 4.3% 2.8% 3.5% 3.9%
Free-cash-flow margin 3.6% 3.1% 3.6% 3.5% 3.9% 5.0% 4.4% 4.8% 4.9% 5.5% 5.2% 8.4% 5.2% 1.1% 1.8% 4.2% 5.6% 4.6%
Cash flow
Cash from operations 0.7 0.8 1.1 1.1 1.2 1.3 1.4 1.6 1.8 2.1 2.2 3.9 2.9 2.0 2.4 3.0 3.6 3.3
Capital spending 0.3 0.4 0.5 0.6 0.5 0.4 0.5 0.6 0.6 0.7 0.8 1.0 1.1 1.6 1.7 1.3 1.2 1.3
Free cash flow 0.4 0.4 0.5 0.6 0.7 1.0 0.9 1.0 1.2 1.4 1.5 2.8 1.8 0.4 0.7 1.7 2.4 2.0
Stock-based pay 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.0 0.1 0.1 0.1 0.1 0.1 0.1 0.1
Free cash flow after stock pay 0.4 0.4 0.5 0.5 0.7 0.9 0.8 1.0 1.1 1.4 1.4 2.8 1.7 0.4 0.6 1.6 2.3 1.9
Balance sheet
Cash 0.2 0.5 0.1 0.1 0.5 0.6 0.2 0.2 0.3 0.2 0.2 1.4 0.3 0.4 0.5 0.9 1.1 1.6
Total debt — — — — — — — — — — — — — — — — — 4.6
Net debt (negative = net cash) −0.2 −0.5 −0.1 −0.1 −0.5 −0.6 −0.2 −0.2 −0.3 −0.2 −0.2 −1.4 −0.3 −0.4 −0.5 −0.9 −1.1 3.0
Diluted shares 325m 345m 345m 334m 324m 306m 295m 282m 273m 266m 258m 250m 236m 226m 220m 220m 221m 221m
Returned to shareholders
Dividends 0.2 — — — — — 0.3 0.3 0.3 0.3 0.3 0.4 0.4 0.5 0.5 0.5 0.5 0.5
Buybacks — — 0.2 0.7 0.6 0.8 1.3 1.0 0.6 1.0 1.2 2.5 2.5 2.7 — — — —
Total returned 0.2 — 0.2 0.7 0.6 0.8 1.6 1.3 0.9 1.3 1.5 2.8 2.9 3.2 0.5 0.5 0.5 0.5

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 6 checks passed · July 31, 2026
What it owns · $32.2bn
Short-term assets $8.8bnLonger-term assets $23.4bn
What it owes, and who funded it · $32.2bn
Short-term liabilities $7.3bnLonger-term liabilities $15.6bnShareholders' equity $9.3bn
  • Short-term assets cover short-term liabilities $8.8bn of assets due within a year against $7.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $8.8bn short-term assets against $15.6bn of longer-dated liabilities.
  • More cash than debt $1.6bn of cash against $4.6bn of debt.
  • Debt below 40% of shareholders' equity Debt is 49% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 67% to 49% over five years.
  • A year's operating cash flow covers at least 20% of debt $3.3bn of operating cash flow against $4.6bn of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Dollar General's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Dividends (TTM)
$520M
Diluted share count
+0.5%
year over year
Total shareholder yield
1.7%
dividends 1.7% + buybacks 0.0% of market value
Dividend payout ratio
31%
of net income paid out
Sales & admin spending
25.6%
of revenue

Competitors: side by side with peers

Closest by revenue in consumer staples merchandise retail
Last 12 months unless stated DG BJ DLTR TGT COST PSMT Median
Revenue, last 12 months $43.6bn $22.8bn $20.1bn $107.7bn $303.2bn $5.9bn $22.8bn
Revenue growth, last 12 months 4.8% 9.1% 8.2% 2.0% 10.1% 11.5% 9.1%
Revenue growth, 3-year average 4.0% 5.5% 7.0% −0.1% 7.8% 10.0% 6.3%
Revenue growth, latest quarter 5.2% 15.7% 7.0% 5.3% 11.1% 13.9% 9.1%
Gross margin 31.2% 18.2% 38.7% 29.3% 12.8% 17.7% 25.2%
Operating margin 5.6% 3.8% 11.0% 5.6% 3.9% 4.4% 4.4%
Operating margin, 3-year average 5.1% 3.8% 9.0% 5.5% 3.8% 4.5% 4.4%
Net margin 3.9% 2.6% 8.0% 4.1% 3.0% 2.8% 3.0%
Cash from operations / revenue 7.6% 4.9% 15.5% 8.1% 5.2% 5.2% 6.0%
Free-cash-flow margin 4.6% 1.6% 9.9% 4.1% 3.1% 1.6% 3.1%
Free-cash-flow margin, 3-year average 4.4% 1.6% 7.3% 3.9% 2.8% 1.5% 3.4%
Stock pay / revenue 0.2% 0.2% 0.3% 0.3% 0.3% 0.4% 0.3%
Change in share count 0.5% −2.2% −7.1% −0.5% −0.1% 0.6% −0.5%

Median of all 9 companies we cover in consumer staples merchandise retail. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 consumer staples merchandise retail companies
Measure Company Peer median Rank
Revenue growth Growth 4.8% 9.1% 8 of 9
Change in growth rate Growth +0.1pp +0.9pp 8 of 9
Gross margin Profitability 31.2% 25.2% 3 of 9
Operating margin Profitability 5.6% 4.4% 4 of 9
Net margin Profitability 3.9% 3.0% 4 of 9
Free-cash-flow margin Cash generation 4.6% 3.1% 3 of 9
Stock pay as % of revenue Cash generation 0.2% 0.3% 2 of 8
Long-term debt as % of assets Balance sheet 14.2% 12.4% 6 of 8
Change in share count Balance sheet 0.5% -0.5% 7 of 9

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 30, 2026
Products and services
Line of business Revenue Share YoY
Consumables $35.1B 82.0% ▲ 5.0%
Seasonal $4.3B 10.1% ▲ 6.2%
Home Products $2.2B 5.2% ▲ 6.7%
Apparel $1.1B 2.6% ▲ 3.3%

From Dollar General's 10-K filed March 20, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$25.4B
Institutions reporting
1,127
Shares held vs prior quarter
▲ 1.5%
Positions opened / closed
104 / 125

Top buyers and sellers, Q2 2026: 526 institutions bought and 541 sold ; the biggest buyer was First Eagle Investment Management, LLC (+4.5M shares) and the biggest seller Jpmorgan Chase & Co (−5.0M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $2.6B 23.0M 10.4% ▼ 9.5%
Vanguard Capital Management LLC $1.7B 14.4M 6.5% ▲ 0.6%
Vanguard Portfolio Management LLC $1.3B 11.5M 5.2% ▲ 5.5%
State Street Corp $1.2B 10.7M 4.9% ▼ 4.1%
Pzena Investment Management LLC $1.2B 10.2M 4.6% ▲ 48.2%
First Eagle Investment Management, LLC $1B 9.0M 4.1% ▲ 102.0%
Geode Capital Management, LLC $680M 5.9M 2.7% ▲ 1.5%
Invesco Ltd. $525M 4.6M 2.1% ▲ 66.2%
AQR Capital Management LLC $514M 4.5M 2.0% ▼ 12.3%
Morgan Stanley $450M 3.9M 1.8% ▼ 9.6%
Bank Of America Corp $385M 3.3M 1.5% ▼ 10.1%
Goldman Sachs Group Inc $372M 3.2M 1.5% ▲ 3.2%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Dollar General's complete shareholder register. Values are as reported by the filers ; 5 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $9M 9 trades by 7 insiders · 0% under pre-set plans
Net ▼ $9M net selling
Insider Date Trade Shares Price Value
Reardon Kathleen A EVP & Chief People Officer September 3, 2026 Sell 5,578 $131.33 $732,555
Wheeler Bryan D EVP & Chief Merchandising Ofc December 19, 2025 Sell 9,776 $135.32 $1.3M
Taylor Rhonda EVP & General Counsel December 16, 2025 Sell 7,500 $134.89 $1M
West Roderick J EVP, Global Supply Chain December 16, 2025 Sell 2,282 $133.35 $304,316
Elliott Anita C SVP & Chief Accounting Officer December 12, 2025 Sell 2,516 $132.52 $333,424
Wenkoff Carman R EVP & Chief Information Ofc December 11, 2025 Sell 19,166 $132.01 $2.5M
Herrmann Tracey N EVP, Store Operations December 11, 2025 Sell 4,850 $131.39 $637,221
Herrmann Tracey N EVP, Store Operations December 10, 2025 Sell 12,583 $125.07 $1.6M
Reardon Kathleen A EVP & Chief People Officer December 8, 2025 Sell 4,395 $126.97 $558,028

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 78 trades and filings

In the last 12 months, 1 member of Congress disclosed 0 purchases and 1 sale of Dollar General shares.

  • Dan Newhouse(R-WA 4):Sale (full), $1,001 - $15,000, traded December 11, 2025, filed January 15, 2026
  • Lisa C. McClain(R-MI 9):Sale (full), $1,001 - $15,000, traded June 11, 2025, filed August 13, 2025
  • Lisa C. McClain(R-MI 9):Purchase, $1,001 - $15,000, traded June 9, 2025, filed August 13, 2025

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around December 3, 2026 estimated from the company's past filing pattern, not announced

  • August 27, 2026
  • June 2, 2026
  • March 12, 2026
  • December 4, 2025
  • August 28, 2025
  • June 3, 2025

Recent SEC filings

Data status

When each part of this page on Dollar General was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Dollar General in brief

What does Dollar General do?
Dollar General is a US-listed company in the consumer staples merchandise retail industry. Its financial year ends in January.
What is Dollar General's stock ticker?
Dollar General trades under the ticker DG on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Dollar General's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Dollar General reported revenue of $43.6B, 4.8% higher than a year earlier, according to its SEC filings.
What is Dollar General's free cash flow?
Dollar General's free-cash-flow margin is 4.6% of revenue over the trailing twelve months, ranking 3 of the 9 consumer staples merchandise retail companies we cover.
What is Dollar General's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Dollar General's free cash flow after stock-based pay gives ~$150 per share in the base case, and ~$110–$200 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Dollar General's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Dollar General's market cap?
On November 2, 2026, Dollar General's market capitalisation was about $30.1B, with a price-to-earnings ratio of 17.6 and net debt of $3B. Market figures come from third-party market data and may be delayed.
Does Dollar General pay a dividend?
Yes: Dollar General paid $520M in dividends over the trailing twelve months, a dividend yield of 1.74% and a payout ratio of 30.5%.
How much debt does Dollar General have?
Dollar General's debt-to-equity ratio is 49.1%, from its latest balance sheet (66.6% five years earlier). The financial health section below sets out its other solvency checks.
Who are Dollar General's competitors?
In our Consumer Staples Merchandise Retail peer group, the companies closest to Dollar General are Bj's Wholesale Club Holdings, Inc., Dollar Tree, Target Corporation, Costco and Pricesmart Inc. The side-by-side comparison below sets their revenue, margins and growth against Dollar General's.
Are insiders buying or selling Dollar General stock?
Over the last 12 months, Dollar General's directors and officers reported 0 open-market purchases and 9 sales on Form 4. The insider trading page charts every trade.
When is Dollar General's next earnings date?
Around December 3, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Dollar General announces its own schedule.