DG vs TGT: Dollar General and Target compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Target is the larger company, worth $72.5B, about 2.6 times Dollar General.
- Target grew revenue faster over the last year (+5.3% vs +5.2%).
- On earnings, Dollar General is the cheaper stock (18.7x vs 21.1x).
- Target's price assumes faster free cash flow growth: about 8% a year, against -2% for Dollar General (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 | DG | TGT |
|---|---|---|
| Market cap | $28.2B | $72.5B |
| Share price | $127.23 | $153.64 |
| Revenue (last fiscal year) | $42.7B | $104.8B |
| Free cash flow (last fiscal year) | $2.4B | $2.8B |
| Revenue growth, last year | +5.2% | +5.3% |
| Revenue growth per year, last 5 fiscal years | +5.7% | -0.3% |
| Operating margin | 5.6% | 5.6% |
| Net margin | 3.9% | 4.1% |
| Return on equity | 18.3% | 24.6% |
| P/E (trailing) | 18.7x | 21.1x |
| Price / free cash flow | 11.8x | 25.6x |
| EV / EBITDA | 13.6x | 9.48x |
| FCF growth the price implies | -2.0% | 8.2% |
| Dividend yield | 1.8% | 2.9% |
| Debt / equity | 2.46x | 2.43x |
| Fundamental grade | C | C |
| Superinvestors holding it | 6 | 8 |
| Insider purchases, last 12 months | 0 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Dollar General
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $34.2B | $1.8B | 9.4% |
| 2023 | $37.8B | $424M | 8.8% |
| 2024 | $38.7B | $692M | 6.3% |
| 2025 | $40.6B | $1.7B | 4.2% |
| 2026 | $42.7B | $2.4B | 5.2% |
Target
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $106.0B | $5.1B | 8.4% |
| 2023 | $109.1B | -$1.5B | 3.5% |
| 2024 | $107.4B | $3.8B | 5.3% |
| 2025 | $106.6B | $4.5B | 5.2% |
| 2026 | $104.8B | $2.8B | 4.9% |
Where the revenue comes from
Dollar General · by products, 2026
Consumables$35.1B82%
Seasonal$4.3B10%
Home products$2.2B5%
Apparel$1.1B3%
Target · by products, 2026
Food & beverage$24.1B23%
Household essentials$18.0B17%
Hardlines$15.8B15%
Apparel And Accessories$15.7B15%
Home Furnishings and Decor$15.6B15%
Beauty$13.2B13%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open DG in InvestinglyQuestions
Which is bigger, Dollar General or Target?
Target (TGT), at $72.5B against $28.2B.
Is DG or TGT cheaper?
By trailing P/E, Dollar General (18.7x) is cheaper than Target (21.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, DG or TGT?
Target: revenue grew +5.3% over the last year, against +5.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.