Dollar General DG

NYSE · Retail-Variety Stores · $31.2B

$138.00−2.57%Nov 5 close · Databento

Every report since 2023 →

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DG Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $138.001D −2.57%3M +12.73%SMA20 $131.91SMA50 $127.41RSI(14) 58.4

138.00

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 58.4

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

After a story on DG, the first close moved a median −0.48%. Up 1 of 4; over the next three trading days, a median +2.32%.

The numbers

fiscal 2026, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$31.2B

Enterprise value$36.8B

Revenue$42.7B +5.2%

Gross margin30.7%

ROIC12.0%

EPS, diluted$6.85 +34.1%

Modern Valuation (EOD)

Market Cap$31.2B

Enterprise Value$36.8B

EV / True FCF—

EV / FCF—

EV / Gross Profit2.81

EV / EBIT16.72

EV / Sales0.86

P / E (GAAP)20.66

P / FCF—

P / Oper. CF8.60

P / Book3.67

Owner & Cash Yields

True FCF Yield—

FCF Yield—

Owner Earn. Yield—

Earnings Yield4.8%

Shareholder Yield+10.2%

Buyback Yield8.8%

Dividend Yield1.71%

Dividend / sh$2.36

Payout Ratio34%

FCF / sh—

EPS (diluted)$6.85

Compounder & Returns

Rule of 40—

ROIC12.0%

Cash ROIC (CROIC)—

GP / Assets42.3%

ROE17.8%

ROA4.9%

Gross Margin30.7%

Oper. Margin5.2%

Net Margin3.5%

FCF Margin—

True FCF Margin—

Quality & Dilution

Cash Conversion—

Accrual Ratio−6.9%

SBC % of FCF—

SBC % of Rev0.2%

Reinvest. Rate—

Sales Growth Y/Y+5.2%

Sales 3Y CAGR+4.1%

EPS Growth Y/Y+34.1%

FCF Growth Y/Y—

FCF 3Y CAGR—

Share Change Y/Y+0.4%

Balance Sheet & Scale

Revenue (FY)$42.7B

Gross Profit (FY)$13.1B

Oper. Income (FY)$2.2B

GAAP Net Income$1.5B

True FCF (ex-SBC)—

Cash & Equiv$1.1B

Total Debt$6.7B

Net Cash (Debt)$-5.6B

Net Cash % MCap−17.9%

Debt / FCF (yrs)—

Current Ratio1.13220.62M sh

Price & Technicals (EOD)

Perf Week+6.08%

Perf Month+12.99%

Perf Quarter+9.01%

Perf Half Y+18.49%

Perf YTD+9.13%

SMA 20 Dist+4.62%$131.91

SMA 50 Dist+8.31%$127.41

SMA 100 Dist+11.21%$124.09

Window High−2.57%$141.64

Window Low+35.63%$101.75

RSI (14) · Vol58.451%v

Income Distribution & Cash Flow ConversionHow every dollar of DG revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2026)

Cost of Revenue (COGS)$29.6B ($69.3 / $100)

SG&A & Other OpEx$10.9B ($25.5 / $100)

Tax & Non-Operating$691.4M ($1.6 / $100)

Net Profit Kept$1.5B ($3.5 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2026)

GAAP Net Income$1.5B (3.5% margin)

Operating Cash Flow (OCF)$3.6B(8.5% of rev)

Less: Capital Expenditures—

Standard Free Cash Flow (FCF)—

Less: Stock-Based Comp (SBC)−$91.5M

True FCF (Owner Cash ex-SBC)—

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2022	FY2023	FY2024	FY2025	FY2026	YoY Δ	4Y CAGR
Income Statement
Revenue	$34.2B	$37.8B	$38.7B	$40.6B	$42.7B	+5.2%	+5.7%
Cost of Revenue (COGS)	$23.4B	$26.0B	$27.0B	$28.6B	$29.6B	+3.6%	+6.1%
Gross Profit	$10.8B	$11.8B	$11.7B	$12.0B	$13.1B	+9.0%	+4.9%
Selling, General & Admin (SG&A)	$7.6B	$8.5B	$9.3B	$10.3B	$10.9B	+5.8%	+9.5%
Total Operating Expenses	$7.6B	$8.5B	$9.3B	$10.3B	$10.9B	+5.8%	+9.5%
Operating Income (EBIT)	$3.2B	$3.3B	$2.4B	$1.7B	$2.2B	+28.6%	−9.1%
Interest Expense	$157.5M	$211.3M	$326.8M	—	$326.8M	—	+20.0%
Income Tax Expense	$663.9M	$700.6M	$458.2M	$314.5M	$452.3M	+43.8%	−9.2%
GAAP Net Income	$2.4B	$2.4B	$1.7B	$1.1B	$1.5B	+34.4%	−10.9%
Diluted EPS	$10.17	$10.68	$7.55	$5.11	$6.85	+34.1%	−9.4%
Diluted Shares	235.8M	226.3M	219.9M	220.0M	220.8M	+0.4%	−1.6%
Balance Sheet
Cash & Equivalents	$344.8M	$381.6M	$537.3M	$932.6M	$1.1B	+22.1%	+34.8%
Inventory	$5.6B	$6.8B	$7.0B	$6.7B	$6.3B	−5.7%	+3.1%
Total Current Assets	$6.3B	$7.6B	$8.0B	$8.2B	$7.9B	−3.3%	+5.8%
Total Assets	$26.3B	$29.1B	$30.8B	$31.1B	$31.0B	−0.5%	+4.1%
Total Current Liabilities	$6.0B	$5.9B	$6.7B	$6.9B	$7.0B	+1.3%	+3.9%
Total Debt (Short + Long Term)	$4.2B	$6.9B	$6.7B	$6.7B	$6.7B	+0.0%	+12.7%
Total Liabilities	$22.9B	$22.9B	$22.9B	$23.7B	$22.5B	−5.3%	−0.5%
Stockholders' Equity	$6.3B	$5.5B	$6.7B	$7.4B	$8.5B	+14.8%	+8.0%
Net Cash / (Net Debt)	$-3.8B	$-6.5B	$-6.2B	$-5.8B	$-5.6B	+3.5%	—
Invested Capital	$10.1B	$12.0B	$12.9B	$13.2B	$14.1B	+6.8%	+8.7%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$2.9B	$2.0B	$2.4B	$3.0B	$3.6B	+21.3%	+6.1%
Depreciation & Amortization (D&A)	$641.3M	$724.9M	$848.8M	$971.7M	$1.0B	+7.7%	+13.0%
Stock-Based Compensation (SBC)	$78.2M	$72.7M	$51.9M	$58.7M	$91.5M	+55.7%	+4.0%
Share Repurchases (Buybacks)	$2.5B	$2.7B	—	—	$2.7B	—	+1.9%
Dividends Paid	$392.2M	$493.7M	$518.0M	$519.0M	$519.5M	+0.1%	+7.3%

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what DG did at the next close after each story

Oct 28

FTC sues Dollar General as shoppers question retailers’ pricing fairness

NYT Business · 12:17 PM ET

−0.54%

Sep 20

Dollar General CEO flags consumer strain as shoppers face tighter budgets

Yahoo Finance · 11:17 AM ET

−0.41%

Sep 15

Dollar General CEO sees financial stress spreading up the income ladder

ZeroHedge · 6:00 PM ET

−1.36%

Aug 27

Dollar General DG beats earnings, raises guidance with 3.5% net margin

Investing.com · 2:45 PM ET

+2.53%

The record, by topic

last 90 days · stories · median first close

consumer2−0.88%

regulation1−0.54%

earnings1+2.53%

What happened · big days

15 big days in a year, and what we hold on each

A big day is a close more than 4.42% from the one before, three times DG’s median day (1.47%). On 4 of the 15, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±4.42%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayDGWhat we hold that dayGroup (median of 4) · each

1 Nov 6, 2025−4.64%
Before our storiesgroup −2.0%, did not move with it
1Nov 6, 2025−4.64%
Before our stories
−2.0% did not move with itTGT −3.0 · DLTR −2.8 · COST −1.2 · WMT +0.2
2 Dec 4, 2025+14.01%
Resultsgroup +0.6%, did not move with it
2Dec 4, 2025+14.01%
ResultsFirst close after the Dec 4 results filing
+0.6% did not move with itDLTR +2.6 · TGT +0.7 · WMT +0.4 · COST −2.9
3 Dec 5, 2025+5.65%
Before our storiesgroup +0.5%, did not move with it
3Dec 5, 2025+5.65%
Before our stories
+0.5% did not move with itDLTR +5.7 · TGT +0.7 · WMT +0.2 · COST −0.1
4 Dec 8, 2025−6.12%
Before our storiesgroup −1.1%, did not move with it
4Dec 8, 2025−6.12%
Before our stories
−1.1% did not move with itDLTR −1.7 · WMT −1.4 · COST −0.8 · TGT +0.9
5 Dec 11, 2025+5.39%
Before our storiesgroup +2.3%, did not move with it
5Dec 11, 2025+5.39%
Before our stories
+2.3% did not move with itDLTR +4.6 · TGT +2.5 · WMT +2.1 · COST +1.1
6 Mar 12, 2026−6.14%
Resultsgroup −0.1%, did not move with it
6Mar 12, 2026−6.14%
ResultsFirst close after the Mar 12 results filing
−0.1% did not move with itTGT −2.5 · DLTR −1.4 · COST +1.1 · WMT +1.5
7 Mar 24, 2026−5.78%
Before our storiesgroup +0.8%, did not move with it
7Mar 24, 2026−5.78%
Before our stories
+0.8% did not move with itDLTR −1.6 · COST +0.8 · TGT +0.9 · WMT +1.1
8 May 11, 2026−7.64%
Before our storiesgroup −3.3%, did not move with it
8May 11, 2026−7.64%
Before our stories
−3.3% did not move with itTGT −5.4 · DLTR −4.5 · WMT −2.2 · COST −0.9
9 May 28, 2026+5.34%
Before our storiesgroup +0.3%, did not move with it
9May 28, 2026+5.34%
Before our stories
+0.3% did not move with itDLTR +17.9 · WMT +0.3 · TGT +0.3 · COST −0.8
10 Jun 17, 2026−4.45%
Nothing on DGgroup −3.2%, moved with DG
10Jun 17, 2026−4.45%
Nothing on DGNo DG story, brief or results filing in our record that day
−3.2% moved with DGTGT −4.2 · DLTR −3.9 · WMT −2.4 · COST −2.1
11 Jul 16, 2026+4.85%
Nothing on DGgroup +1.8%, did not move with it
11Jul 16, 2026+4.85%
Nothing on DGNo DG story, brief or results filing in our record that day
+1.8% did not move with itCOST +3.2 · WMT +2.1 · TGT +1.4 · DLTR +1.1
12 Jul 27, 2026+5.11%
Nothing on DGgroup +2.3%, did not move with it
12Jul 27, 2026+5.11%
Nothing on DGNo DG story, brief or results filing in our record that day
+2.3% did not move with itDLTR +4.2 · TGT +2.6 · WMT +2.1 · COST +1.8
13 Oct 22, 2026+5.29%
Nothing on DGgroup +3.3%, moved with DG
13Oct 22, 2026+5.29%
Nothing on DGNo DG story, brief or results filing in our record that day
+3.3% moved with DGDLTR +4.4 · TGT +3.8 · WMT +2.8 · COST +2.0
14 Oct 23, 2026−4.62%
Nothing on DGgroup −2.4%, moved with DG
14Oct 23, 2026−4.62%
Nothing on DGNo DG story, brief or results filing in our record that day
−2.4% moved with DGDLTR −4.4 · TGT −3.4 · COST −1.5 · WMT −1.0
15 Nov 4, 2026+8.52%
Nothing on DGgroup +4.5%, moved with DG
15Nov 4, 2026+8.52%
Nothing on DGNo DG story, brief or results filing in our record that day
+4.5% moved with DGDLTR +9.6 · TGT +5.6 · WMT +3.5 · COST +2.7

A story on the same day is not a cause, and a group move is not proof either. Group: the median of WMT, COST, TGT and DLTR that day, the largest companies in DG’s SEC industry; “moved with DG” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). DG reports before the open, so day 1 is that day’s close. Each time, day 6 ended on the same side as day 1.

Reported Dec 4, 2025

day 1+14.01%day 6+20.74%

Reported Mar 12, 2026

day 1−6.14%day 6−14.77%

Reported Jun 2, 2026

day 1−3.33%day 6−0.50%

Reported Aug 27, 2026

day 1+2.53%day 6+6.91%

Next report: expected late November to early DecemberEstimated from the dates of its last four results filings. Not announced. Since the Aug 27 report: +15.36%. Four reports is a small sample.

Every report since 2023 →

Each line is DG’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

DG against four retail peers, a year at 100

DG is up 42.8% in a year. Target is up 78.8%. Of these four, Dollar Tree (+39.0%), Walmart (+25.9%) and Costco (+13.4%) did less. Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

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DG +42.8%. Target +78.8%, Dollar Tree +39.0%, Walmart +25.9%, Costco +13.4%. Weekly closes, Nov 7, 2025 = 100, log scale.

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End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in DG’s SEC industry (Retail-Variety Stores) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

WMT	Walmart	$1.03T	−1.12%
COST	Costco	$464.1B	+1.83%
TGT	Target	$74.1B	−3.16%
DLTR	Dollar Tree	$28.2B	−6.16%
BJ	BJ's Wholesale Club	$14.2B	+0.32%
FIVE	Five Below	$13.9B	−4.27%
OLLI	Ollie's Bargain Outlet	$5.7B	−1.18%
PSMT	Pricesmart	$5.1B	−1.60%