undamentalytics Newsletter
Sign in

Dollar General key statistics and ratios

In fiscal 2026, Dollar General had return on equity of 19.0%, an operating margin of 5.2%, debt equal to 53.6% of equity and a current ratio of 1.13. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

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

Fiscal year2010Jan 20102011Jan 20112012Feb 20122013Feb 20132014Jan 20142015Jan 20152016Jan 20162017Feb 20172018Feb 20182019Feb 20192020Jan 20202021Jan 20212022Jan 20222023Feb 20232024Feb 20242025Jan 20252026Jan 2026LTMJul 2026
Gross margin31.3%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%
Operating margin8.1%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 margin2.9%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 margin3.6%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%
Return on equity10.0%16.8%17.5%19.7%19.7%19.2%21.0%23.2%26.7%25.3%26.1%39.7%37.1%40.9%27.0%15.9%19.0%19.1%
Return on assets—6.6%8.0%9.5%9.7%9.7%10.4%10.9%12.7%12.4%9.5%10.9%9.2%8.7%5.5%3.6%4.9%5.4%
Asset turnover—1.371.541.601.651.711.811.921.941.991.541.391.311.371.291.311.381.38
Current ratio—1.731.511.541.771.801.721.401.431.551.141.211.051.291.191.191.131.21
Debt to equity—80.9%56.0%55.6%50.8%46.0%55.2%50.1%42.5%44.6%43.4%62.0%66.6%126.5%92.3%77.1%53.6%49.2%
Interest cover (operating income ÷ interest)2.8x4.7x7.3x12.9x19.5x20.1x22.3x21.1x20.7x21.2x22.9x23.6x20.4x15.8x7.5x———
Effective tax rate——37.4%36.4%37.0%36.6%37.1%36.3%19.3%21.1%22.2%22.0%21.7%22.5%21.6%21.8%23.0%23.7%
SG&A as % of revenue23.2%22.3%21.7%21.4%21.1%21.3%21.4%21.5%22.2%22.2%22.3%21.2%22.2%22.4%24.0%25.4%25.5%25.6%
Capital spending as % of revenue2.1%3.2%3.5%3.6%3.1%2.0%2.5%2.5%2.8%2.9%2.8%3.0%3.1%4.1%4.4%3.2%2.9%3.0%
Free cash flow ÷ net income124.3%64.4%69.9%58.8%65.8%89.4%76.1%83.5%75.1%88.7%84.9%107.3%74.8%17.5%41.6%149.8%158.3%118.0%
Dividends ÷ net income70.6%—————22.2%22.5%18.4%19.3%19.1%13.4%16.3%20.4%31.2%46.1%34.4%30.5%
Dividends and buybacks ÷ free cash flow56.8%—34.8%120.0%91.9%84.0%175.7%121.7%74.6%93.2%105.1%99.1%163.9%764.6%74.9%30.8%21.7%25.9%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

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.

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.

Compare with peers

Head to head: BJ vs DGDG vs DLTRDG vs TGTCOST vs DG

More: Consumer Staples Merchandise Retail stocks compared, Consumer Staples sector, rankings of US companies

Figures from Dollar General's SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Dollar General.