DLTR vs TGT: Dollar Tree 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 3.0 times Dollar Tree.
- Dollar Tree grew revenue faster over the last year (+7.0% vs +5.3%).
- Dollar Tree keeps more of each dollar of revenue as operating profit (11.0% vs 5.6%).
- On earnings, Dollar Tree is the cheaper stock (20.6x vs 21.1x).
- Target's price assumes faster free cash flow growth: about 8% 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 | DLTR | TGT |
|---|---|---|
| Market cap | $23.8B | $72.5B |
| Share price | $118.64 | $153.64 |
| Revenue (last fiscal year) | $19.4B | $104.8B |
| Free cash flow (last fiscal year) | $1.1B | $2.8B |
| Revenue growth, last year | +7.0% | +5.3% |
| Revenue growth per year, last 5 fiscal years | -7.3% | -0.3% |
| Operating margin | 11.0% | 5.6% |
| Net margin | 8.0% | 4.1% |
| Return on equity | 47.1% | 24.6% |
| P/E (trailing) | 20.6x | 21.1x |
| Price / free cash flow | 17.1x | 25.6x |
| EV / EBITDA | 11.0x | 9.48x |
| FCF growth the price implies | 6.6% | 8.2% |
| Dividend yield | — | 2.9% |
| Debt / equity | 3.10x | 2.43x |
| Fundamental grade | C | C |
| Superinvestors holding it | 3 | 8 |
| Insider purchases, last 12 months | 2 | 3 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
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% |
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 Tree · by segments, 2024
Dollar Tree$16.8B55%
Family Dollar$13.8B45%
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 DLTR in InvestinglyQuestions
Which is bigger, Dollar Tree or Target?
Target (TGT), at $72.5B against $23.8B.
Is DLTR or TGT cheaper?
By trailing P/E, Dollar Tree (20.6x) is cheaper than Target (21.1x). A lower multiple can also mean the market expects less growth.
Which grows faster, DLTR or TGT?
Dollar Tree: revenue grew +7.0% over the last year, against +5.3%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.