# Dollar General Corp. (DG) — Stock CV

Dollar General Corp. is a $28.1B consumer company. Revenue shrank 16.6% over the last year, it keeps 4¢ of every dollar of sales as profit, and its net debt equals ~3.3 years of free cash flow. It trades at 16.5× earnings — in the cheapest third of its own history.

> Since its beginning in 1939, Dollar General has grown to become the largest dollar store operator in the United States, with more than 20,000 small-box discount stores across 48 states. The firm generated over $42 billion in fiscal 2025 sales.

## Identity

- **Ticker**: DG
- **Sector**: Consumer Cyclical
- **Industry**: Retail-Variety Stores
- **Headquarters**: GOODLETTSVILLE, TN
- **Employees**: 194 000
- **Website**: https://www.dollargeneral.com
- **Market cap**: $28.1B
- **Last price**: $127.23
- **Financial profile**: Mixed

## Vitals (TTM)

- **Revenue**: $97.7B
- **Net income**: $3.95B
- **Free cash flow**: $4.23B
- **Net debt**: $14.2B
- **P/E**: 16.5
- **Revenue growth (YoY)**: -16.6%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 95 |
| Growth | 18 |
| Profitability | 36 |
| Health | 45 |
| Quality | 85 |
| Moat | 75 |

## Qualifications (beginner checklist) — 9 of 11 passed

- [ ] Revenue growing — -16.6% YoY
- [x] Profitable — $3.95B TTM
- [ ] Profit growing — -13.8% YoY
- [x] Generates cash — $4.23B TTM
- [x] Debt under control — ~3.3y of cash flow to repay
- [x] Established company — $28.1B market cap
- [x] Not printing shares — -2.5% shares over ~5y
- [x] Proven track record — 12/12 profitable years
- [x] Financially stable — Altman Z 1.8 — grey
- [x] Pays a dividend — yield 1.85%
- [x] Valuation not extreme — P/E 16.5

## Experience (career milestones)

- **FY2024** — Revenue crossed $100B: $101B for the year
- **2022** — Dollar General opened its first store in the state of Idaho, located in Athol
- **FY2020** — Best year on record: $6.76B net income
- **2020** — Dollar General launched a new store concept known as Popshelf (stylized pOpshelf)
- **2019** — The distribution center became fully operational in 2019
- **2017** — Also in 2017, Dollar General acquired stores from Dollar Express LLC held by Sycamore Partners, a spinoff from the…
- **FY2016** — Profitable every year on record: 12 consecutive profitable years in our data
- **FY2016** — Revenue already above $50B: $53.9B in first reported year
- **FY2016** — Positive free cash flow every year since: 12-year streak
- **1997** — A distribution center was established in South Boston, Virginia
- **1955** — The firm opened the first Dollar General store, and in 1968 the company went public on the New York Stock…
- **1955** — Cal implemented his idea of a retail store selling goods for a dollar, based on the Dollar Days promotions…

## Strengths

- Interest covered 9.5× by operating earnings

## Watch-outs

- Revenue shrinking 16.6% year over year
- Net debt would take ~5.9 years of free cash flow to repay

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2023 | $96.0B | $4.42B | $680M |
| FY2024 | $101B | $3.16B | $4.12B |
| FY2025 | $106B | $3.79B | $5.88B |
| FY2026 | $107B | $4.04B | $5.31B |
| FY2027 | $32.9B | $1.44B | $1.10B |

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Source: https://stockcv.com/DG — derived from company filings; may be delayed or incomplete. Information, not investment advice.