Dollar General Corp

Dollar General maintains a capital structure defined by a debt-to-equity ratio of 0.52 and a current ratio of 1.17, indicating moderate leverage and tight short-term liquidity. The balance sheet shows total assets of $31.7 billion against total liabilities of $22.9 billion, with long-term debt standing at $4.6 billion and cash equivalents at $1.4 billion. The company operates with negative net cash after subtracting total debt, and the current ratio sits close to the minimum comfort range, highlighting liquidity constraints.

Profitability metrics show a return on equity of 17.1% and a return on assets of 4.8%, reflecting efficient use of equity despite asset-heavy operations. The price-to-earnings ratio stands at 18.55, while the EV/EBITDA is 9.62, suggesting the market values the company's earnings power moderately relative to its enterprise value. The price-to-book ratio of 8.49 indicates a significant premium over tangible book value, driven by intangible assets and brand equity.

Revenue concentration is not explicitly detailed by segment or geography in the available data, but the company's activity is centered on broadline and specialty retail. The business model relies on a mix of consumable and non-consumable products, with strategic initiatives including digital delivery, DG Media Network, and pOpshelf contributing to the revenue mix. The company uses the LIFO method for inventory valuation, which impacts gross profit reporting during inflationary periods.

Growth trajectory is supported by a Q1 2026 revenue of $10.8 billion and net income of $444 million. Operating cash flow for the period was $716 million, providing a base for reinvestment and shareholder returns. The company's strategic focus includes store remodels, international expansion, and shrink reduction, which are expected to drive future sales and margin improvements.

Risk factors include high liquidity risk due to the tight current ratio and negative net cash position. Dilution risk is assessed as medium, with source documents mentioning offering risk. Key operational risks involve inventory shrinkage, supply chain disruptions, and the impact of tariffs and inflation on cost of goods sold. The company also faces regulatory risks related to labor laws, minimum wage increases, and changes in government assistance programs like SNAP.

Recent events include partial backfilling of filing facts for property and equipment and shares outstanding. Analyst sentiment is mixed, with a mean recommendation of 2.47 and a mean price target of $129.69. The company continues to evaluate customer demands and modify merchandise selections to increase profitability and cash generation.

Dollar General Corp (DG) experienced significant volatility in institutional holdings during the period ending March 31, 2026, marked by major modifications to shareholder positions. Investor ID 931 saw its stake fluctuate dramatically, initially dropping from 959,497 shares (valued at $112.4 million) to 38,383 shares (valued at $4.6 million), before reversing course to restore the position to 959,497 shares. These changes, detected between July 12 and July 13, 2026, represent a substantial shift in ownership weight, moving from approximately 5.4% to 0.2% and back again. Simultaneously, Investor ID 587 increased its position in the company, raising its holdings from 2,565 shares (valued at $0.3 million) to 43,651 shares (valued at $5.2 million). This accumulation, detected on June 27 and July 3, 2026, increased the investor's weight in the portfolio from 0.02% to 0.3%. These concurrent adjustments by two distinct investors highlight active rebalancing within the company's top 36 holders. On the fundamental analysis front, the company's AI-driven narrative and business summary underwent medium-severity revisions. The analysis noted a significant contraction in calculated market share, which fell by 93.56% from 1.04% to 0.07%. Additionally, the key takeaways section was expanded with eight new points, and the overall conclusion was revised, suggesting a shift in the analytical perspective on the company's market position. Despite these internal data revisions and holder changes, external news activity remained sparse. Cross-source signals indicate minimal dispatch volume over the 30-day period leading up to mid-July 2026, with only three days recording any activity. The company remains a member of one index, but the lack of broader analyst commentary or officer changes suggests the recent movements are primarily driven by specific institutional portfolio adjustments rather than broad market sentiment shifts.

Analysts project a 5.3% upside to the mean price target of $129.69 from the current market price.

The firm maintains a debt-to-equity ratio of 0.52, which is below the 0.36 median for its peer group.

The company faces high liquidity risk, as indicated by the explicit high-level liquidity risk flag in the data.

Revenue contracted by 4.9% year-over-year in FY2025, reflecting a decline in top-line sales growth.

A medium dilution risk flag suggests potential shareholder value erosion through equity issuance or similar mechanisms.

Revenue $10.79B; Operating income $638.5M.

• ▍Revenue $10.79B
• ▍Operating income $638.5M
• ▍Net margin 4.1%

Revenue $31.81B; Operating income $1.60B.

• ▍Revenue $31.81B
• ▍Operating income $1.60B
• ▍Net margin 3.4%

Revenue $21.16B; Operating income $1.17B.

• ▍Revenue $21.16B
• ▍Operating income $1.17B
• ▍Net margin 3.8%

Revenue $42.72B; Operating income $2.20B.

• ▍Revenue $42.72B
• ▍Operating income $2.20B
• ▍Net margin 3.5%

Revenue $40.61B; Operating income $1.71B.

• ▍Revenue $40.61B
• ▍Operating income $1.71B
• ▍Net margin 2.8%

Revenue $40.61B; Operating income $1.71B.

• ▍Revenue $40.61B
• ▍Operating income $1.71B
• ▍Net margin 2.8%

Revenue $38.69B; Operating income $2.45B.

• ▍Revenue $38.69B
• ▍Operating income $2.45B
• ▍Net margin 4.3%

Revenue $38.69B; Operating income $2.45B.

• ▍Revenue $38.69B
• ▍Operating income $2.45B
• ▍Net margin 4.3%