Dollar General (DG) financial statements
Dollar General reported revenue of $42.7B in fiscal 2026, up 7.7% a year over 9 years.
Net income was $1.5B and the operating margin 5.2%, against 9.4% in 2017.
Free cash flow was $2.4B, and the company returned $520M in dividends.
The diluted share count fell 22% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Dollar General's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $22.0B | $23.5B | $25.6B | $27.8B | $33.7B | $34.2B | $37.8B | $38.7B | $40.6B | $42.7B |
| Cost of revenue | $15.2B | $16.2B | $17.8B | $19.3B | $23.0B | $23.4B | $26.0B | $27.0B | $28.6B | $29.6B |
| Gross profit | $6.8B | $7.2B | $7.8B | $8.5B | $10.7B | $10.8B | $11.8B | $11.7B | $12.0B | $13.1B |
| Selling, general and admin | $4.7B | $5.2B | $5.7B | $6.2B | $7.2B | $7.6B | $8.5B | $9.3B | $10.3B | $10.9B |
| Operating income | $2.1B | $2.0B | $2.1B | $2.3B | $3.6B | $3.2B | $3.3B | $2.4B | $1.7B | $2.2B |
| Interest expense | $98M | $97M | $100M | $101M | $150M | $158M | $211M | $327M | — | — |
| Pre-tax income | $2.0B | $1.9B | $2.0B | $2.2B | $3.4B | $3.1B | $3.1B | $2.1B | $1.4B | $2.0B |
| Income tax | $714M | $368M | $426M | $489M | $749M | $664M | $701M | $458M | $315M | $452M |
| Net income | $1.3B | $1.5B | $1.6B | $1.7B | $2.7B | $2.4B | $2.4B | $1.7B | $1.1B | $1.5B |
| EPS (diluted) | $4.43 | $5.63 | $5.97 | $6.64 | $10.62 | $10.17 | $10.68 | $7.55 | $5.11 | $6.85 |
| Diluted shares | 282M | 273M | 266M | 258M | 250M | 236M | 226M | 220M | 220M | 221M |
| Gross margin | 30.8% | 30.8% | 30.5% | 30.6% | 31.8% | 31.6% | 31.2% | 30.3% | 29.6% | 30.7% |
| Operating margin | 9.4% | 8.6% | 8.3% | 8.3% | 10.5% | 9.4% | 8.8% | 6.3% | 4.2% | 5.2% |
| Net margin | 5.7% | 6.6% | 6.2% | 6.2% | 7.9% | 7.0% | 6.4% | 4.3% | 2.8% | 3.5% |
Balance sheet
Fiscal years, from Dollar General's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $188M | $267M | $235M | $240M | $1.4B | $345M | $382M | $537M | $933M | $1.1B |
| Inventory | $3.3B | $3.6B | $4.1B | $4.7B | $5.2B | $5.6B | $6.8B | $7.0B | $6.7B | $6.3B |
| Total current assets | $3.7B | $4.2B | $4.7B | $5.2B | $6.9B | $6.3B | $7.6B | $8.0B | $8.2B | $7.9B |
| Property, plant and equipment | $2.4B | $2.7B | $3.0B | $3.3B | $3.9B | $4.3B | $5.2B | $6.1B | $6.2B | $6.4B |
| Goodwill | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B | $4.3B |
| Total assets | $11.7B | $12.5B | $13.2B | $22.8B | $25.9B | $26.3B | $29.1B | $30.8B | $31.1B | $31.0B |
| Total current liabilities | $2.6B | $3.0B | $3.0B | $4.5B | $5.7B | $6.0B | $5.9B | $6.7B | $6.9B | $7.0B |
| Long-term debt | $2.7B | $2.6B | $2.9B | $2.9B | — | $4.2B | $7.0B | $6.2B | $5.7B | $4.6B |
| Total liabilities | $6.3B | $6.4B | $6.8B | $16.1B | $19.2B | $20.1B | $23.5B | $24.0B | $23.7B | $22.5B |
| Shareholders' equity | $5.4B | $6.1B | $6.4B | $6.7B | $6.7B | $6.3B | $5.5B | $6.7B | $7.4B | $8.5B |
| Net debt | $2.5B | $2.3B | $2.6B | $2.7B | -$1.4B | $3.8B | $6.6B | $5.7B | $4.8B | $3.4B |
Cash flow
Fiscal years, from Dollar General's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.6B | $1.8B | $2.1B | $2.2B | $3.9B | $2.9B | $2.0B | $2.4B | $3.0B | $3.6B |
| Capital spending | $560M | $646M | $734M | $785M | $1.0B | $1.1B | $1.6B | $1.7B | $1.3B | $1.2B |
| Free cash flow | $1.0B | $1.2B | $1.4B | $1.5B | $2.8B | $1.8B | $424M | $692M | $1.7B | $2.4B |
| Stock-based compensation | $37M | $34M | $41M | $49M | $69M | $78M | $73M | $52M | $59M | $91M |
| Dividends paid | $281M | $283M | $307M | $328M | $356M | $392M | $494M | $518M | $519M | $520M |
| Share buybacks (net) | -$990M | -$580M | -$1.0B | -$1.2B | -$2.5B | -$2.5B | -$2.7B | — | — | — |
| Net borrowing | $490M | -$60M | -$63M | $58M | -$425M | $54M | $1.4B | -$1.5B | — | — |
| Free cash flow margin | 4.8% | 4.9% | 5.5% | 5.2% | 8.4% | 5.2% | 1.1% | 1.8% | 4.2% | 5.6% |
| Dividends per share | $1.00 | $1.04 | $1.15 | $1.27 | $1.42 | $1.66 | $2.18 | $2.36 | $2.36 | $2.35 |
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Open DG in InvestinglyQuestions
What was Dollar General's revenue in 2026?
$42.7B in fiscal 2026, from its 10-K filing.
How much free cash flow does Dollar General generate?
$2.4B in fiscal 2026 (operating cash flow minus capital spending).
From Dollar General's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.