DOLLAR TREE, INC.

DLTR · Consumer Discretionary · $25.2B mkt cap · FY2026 filings · Narrow moat

On the watchlist

Narrow moat

The four filters

Pricing power48

Median gross margin 31.2% over 10y, stable.

Returns on capital71

Median ROIC 14.2%, above the 9% hurdle in 90% of years.

Balance-sheet safety90

Net debt/EBITDA 0.7x, no material interest expense disclosed.

Capital discipline69

Owner earnings +3.2%/yr, share count shrinking (buybacks).

Margin of safety

Above valueOn sale

77% above value

Owner earnings (normalized): $1.3B
Est. intrinsic value / share: $71.79
Recent price: $127.05
Discount to value: 77% above value

Conservative model: 9% discount rate, 0% assumed growth (capped at 4%), maintenance capex ≈ min(capex, D&A).

Moat Score history

Score history begins 2026-07-17. Check back as the record builds.

Scores are logged append-only and never overwritten — this record can't be backfilled, which is exactly why it's worth keeping.

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Scored from primary SEC filings via the public methodology. Educational only — not a recommendation to buy or sell DLTR. See the disclaimer.