Latest revenue
$10.65B
as of 2025-10-31
Latest net income
$282.7M
as of 2025-10-31
Net margin
2.7%
as of 2025-10-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $23.27B
- Enterprise value
- $27.41B
- P/E (trailing)
- 15.4×
- Forward P/E
- —
- P/B
- 2.84×
- Dividend yield
- 2.2%
- 52-wk high
- $158.23
- 52-wk low
- $95.11
- Beta
- —
- Shares out
- 220.2M
5-year trend
What this company does
Dollar General runs the largest US discount retail chain by store count, operating 20,901 small-box stores across 48 states and Mexico that sell food, household basics, and seasonal goods at typically $10 or less. Sales of consumables — packaged food, paper, cleaning, and health products — drive the bulk of revenue, with national and private-label brands sold at everyday low prices to value-conscious, often low-income shoppers. The company is pouring capital into nearly 4,900 real estate projects in 2025, including the new Project Elevate partial-remodel program, while pulling back on its struggling pOpshelf concept and bracing for tariff and student-loan headwinds on customer spending.
Generated from DG's filing dated 2025-12-04
Key risks
- Low-income customer base squeezed: student-loan collections resumed May 2025, plus persistent inflation in rent, food, energy pressuring discretionary spend.
- Tariff exposure escalating: while Q1-Q3 2025 impact was immaterial, expanding tariff coverage could pressure margins and force price hikes on value-conscious shoppers.
- Persistent shrink and damages drag margins despite five consecutive quarters of shrink improvement; sales mix remains skewed to lower-margin consumables.
Generated from DG's filing dated 2025-12-04
Profitability
Gross margin
30.7%
3.6%Operating margin
5.2%
22.2%Net margin
3.5%
27.8%Return on equity
17.8%
6.6%Return on assets
4.9%
35.1%Leverage
Debt / equity
2.64×
27.0%Long-term debt / equity
0.54×
36.7%Debt / assets
72.5%
7.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q1 2026 2026-01-30 | $10.91B | +5.9% | $426.3M | +122.9% | 3.9% |
Q4 2025 2025-10-31 | $10.65B | +4.6% | $282.7M | +43.8% | 2.7% |
Q3 2025 2025-08-01 | $10.73B | +5.1% | $411.4M | +10.0% | 3.8% |
Q2 2025 2025-05-02 | $10.44B | +5.3% | $391.9M | +7.9% | 3.8% |
Q1 2025 2025-01-31 | $10.30B | — | $191.2M | — | 1.9% |
Q4 2024 2024-11-01 | $10.18B | +5.0% | $196.5M | -28.9% | 1.9% |
Q3 2024 2024-08-02 | $10.21B | +4.2% | $374.2M | -20.2% | 3.7% |
Q2 2024 2024-05-03 | $9.91B | — | $363.3M | — | 3.7% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Retail-Variety Stores · SIC 5331
Your notes
Keep private notes on DG — thesis, target price, catalysts to watch.
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Insider activity
Insider buying
$0
Insider selling
$9.2M
Net activity
−$9.2M
Distinct insiders
8
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns DG
Institutional value
$11.24B
Total shares held
99.9M
Distinct holders
750
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | VANGUARD CAPITAL MANAGEMENT LLC | 14.3M | $1.70B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 10.9M | $1.30B | — | New |
| 3 | PZENA INVESTMENT MANAGEMENT LLC | 6.9M | $818.9M | — | New |
| 4 | First Eagle Investment Management, LLC | 4.5M | $529.0M | — | New |
| 5 | Robeco Institutional Asset Management B.V. | 3.2M | $375.5M | — | New |
| 6 | BAILLIE GIFFORD & CO | 3.2M | $374.3M | — | New |
| 7 | DIMENSIONAL FUND ADVISORS LP | 2.8M | $332.4M | — | New |
| 8 | Invesco Ltd. | 2.7M | $325.9M | — | New |
| 9 | Allianz Asset Management GmbH | 2.3M | $274.5M | — | New |
| 10 | Life Cycle Investment Partners Ltd | 2.3M | $267.8M | — | New |
| 11 | UBS Group AG | 1.9M | $221.3M | — | New |
| 12 | Russell Investments Group, Ltd. | 1.5M | $175.9M | — | New |
| 13 | Legal & General Group Plc | 1.4M | $165.6M | — | New |
| 14 | JUPITER ASSET MANAGEMENT LTD | 1.4M | $160.7M | — | New |
| 15 | Bank of New York Mellon Corp | 1.3M | $157.1M | — | New |
| 16 | VANGUARD FIDUCIARY TRUST CO | 1.2M | $147.0M | — | New |
| 17 | ACR Alpine Capital Research, LLC | 1.1M | $133.3M | — | New |
| 18 | WELLS FARGO & COMPANY/MN | 1.1M | $129.9M | — | New |
| 19 | EQUITY INVESTMENT CORP | 871.0K | $103.4M | — | New |
| 20 | Markel Group Inc. | 869.3K | $103.2M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
- 1
With shrink improving five quarters and mix slightly better, why is net margin still only 3.4%—when does it return above 5%?
- 2
Tariffs haven't materially hit YTD results; quantify the embedded margin risk in Q4 and 2026 if announced rates fully take effect.
- 3
You're cutting new openings from 575 to 450 in 2026 while doing 4,250 remodels—are new-store returns deteriorating below remodel ROI?
Refreshed when DG files a new report · last from 2025-12-04