BJ vs DLTR: BJs Wholesale Club and Dollar Tree compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Dollar Tree is the larger company, worth $23.8B, about 1.9 times BJs Wholesale Club.
- BJs Wholesale Club grew revenue faster over the last year (+15.7% vs +7.0%).
- Dollar Tree keeps more of each dollar of revenue as operating profit (11.0% vs 3.8%).
- On earnings, Dollar Tree is the cheaper stock (20.6x vs 23.0x).
- BJs Wholesale Club's price assumes faster free cash flow growth: about 14% a year, against 7% for Dollar Tree (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | BJ | DLTR |
|---|---|---|
| Market cap | $12.8B | $23.8B |
| Share price | $99.04 | $118.64 |
| Revenue (last fiscal year) | $21.5B | $19.4B |
| Free cash flow (last fiscal year) | $328M | $1.1B |
| Revenue growth, last year | +15.7% | +7.0% |
| Revenue growth per year, last 5 fiscal years | +6.5% | -7.3% |
| Operating margin | 3.8% | 11.0% |
| Net margin | 2.6% | 8.0% |
| Return on equity | 27.1% | 47.1% |
| P/E (trailing) | 23.0x | 20.6x |
| Price / free cash flow | 38.8x | 17.1x |
| EV / EBITDA | 13.0x | 11.0x |
| FCF growth the price implies | 13.8% | 6.6% |
| Dividend yield | — | — |
| Debt / equity | 2.64x | 3.10x |
| Fundamental grade | C | C |
| Superinvestors holding it | 5 | 3 |
| Insider purchases, last 12 months | 4 | 2 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
BJs Wholesale Club
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $16.7B | $508M | 3.7% |
| 2023 | $19.3B | $390M | 3.8% |
| 2024 | $20.0B | $252M | 4.0% |
| 2025 | $20.5B | $313M | 3.8% |
| 2026 | $21.5B | $328M | 3.8% |
Dollar Tree
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $26.3B | $410M | 6.9% |
| 2023 | $15.4B | $976M | 13.6% |
| 2024 | $16.8B | $1.5B | 10.6% |
| 2025 | $17.6B | $893M | 8.3% |
| 2026 | $19.4B | $1.1B | 8.5% |
Where the revenue comes from
BJs Wholesale Club · by products, 2026
Net sales$21.0B98%
Membership fee income$500M2%
Dollar Tree · by segments, 2024
Dollar Tree$16.8B55%
Family Dollar$13.8B45%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open BJ in InvestinglyQuestions
Which is bigger, BJs Wholesale Club or Dollar Tree?
Dollar Tree (DLTR), at $23.8B against $12.8B.
Is BJ or DLTR cheaper?
By trailing P/E, Dollar Tree (20.6x) is cheaper than BJs Wholesale Club (23.0x). A lower multiple can also mean the market expects less growth.
Which grows faster, BJ or DLTR?
BJs Wholesale Club: revenue grew +15.7% over the last year, against +7.0%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.