Dollar Tree
Dollar Tree returns on capital
Annual and trailing 12-month returns on invested capital, equity and assets.
ROIC
% · Annual / TTM
ROCE
% · Annual / TTM
ROIIC
% · Annual / TTM
ROE
% · Annual / TTM
ROA
% · Annual / TTM
ROIC − WACC
Percentage points · Scenario
Quarterly data
| Fiscal period | Ended | ROIC% | ROCE% | ROIIC% | ROE% | ROA% | ROIC − WACCPercentage points |
|---|---|---|---|---|---|---|---|
| FY 2027 Q2 | Aug 1, 2026 | — | 21.35% | — | 45.87% | 11.76% | — |
| FY 2027 Q1 | May 2, 2026 | 22.36% | 16.84% | — | 34.71% | 8.01% | 14.7 pp |
| FY 2026 Q4 | Jan 31, 2026 | 23.41% | 16.29% | 44.67% | 33.17% | 7.99% | 15.7 pp |
| FY 2026 Q3 | Nov 1, 2025 | 13.41% | 10.97% | — | -52.6% | -15.79% | 5.7 pp |
| FY 2026 Q2 | Aug 2, 2025 | 13.44% | 10.96% | — | -53.36% | -16.28% | 5.7 pp |
| FY 2026 Q1 | May 3, 2025 | 12.98% | 10.4% | — | -53.25% | -14.79% | 5.3 pp |
| FY 2025 Q4 | Feb 1, 2025 | 14.49% | 10.68% | — | -53.68% | -14.9% | 6.8 pp |
| FY 2025 Q3 | Nov 2, 2024 | — | -5.15% | — | -12.55% | -4.41% | — |
| FY 2025 Q2 | Aug 3, 2024 | — | -5.38% | — | -12.98% | -4.63% | — |
| FY 2025 Q1 | May 4, 2024 | — | -4.85% | — | -12.3% | -4.41% | — |
| FY 2024 Q4 | Feb 3, 2024 | — | -4.88% | — | -12.43% | -4.43% | — |
| FY 2024 Q3 | Oct 28, 2023 | 10.32% | 8.65% | -203.63% | 13.47% | 4.96% | 2.6 pp |
| FY 2024 Q2 | Jul 29, 2023 | — | 9.09% | — | 13.98% | 5.29% | — |
| FY 2024 Q1 | Apr 29, 2023 | — | 10.39% | — | 16.08% | 6.06% | — |
| FY 2023 Q4 | Jan 28, 2023 | 15.79% | 12.31% | 17.24% | 19.62% | 7.22% | 8.1 pp |
| FY 2023 Q3 | Oct 29, 2022 | 16.19% | 12.44% | 12.8% | 20.84% | 7.3% | 8.5 pp |
| FY 2023 Q2 | Jul 30, 2022 | — | 12.14% | — | 20.34% | 7.27% | — |
| FY 2023 Q1 | Apr 30, 2022 | — | 11.48% | — | 19.04% | 6.86% | — |
| FY 2022 Q4 | Jan 29, 2022 | 15.31% | 10.5% | 1.66% | 17.7% | 6.26% | 7.6 pp |
| FY 2022 Q3 | Oct 30, 2021 | 15.46% | 11.36% | 99.55% | 19.38% | 6.55% | 7.8 pp |
| FY 2022 Q2 | Jul 31, 2021 | 17.16% | 12.5% | 136.67% | 21.55% | 7.25% | 9.5 pp |
| FY 2022 Q1 | May 1, 2021 | 17.33% | 12.33% | 513.53% | 21.09% | 7.07% | 9.6 pp |
| FY 2021 Q4 | Jan 30, 2021 | 15.67% | 11.44% | — | 19.82% | 6.66% | 8 pp |
| FY 2021 Q3 | Oct 31, 2020 | 11.13% | 9.05% | — | 14.71% | 4.76% | 3.4 pp |
| FY 2021 Q2 | Aug 1, 2020 | 10.81% | 8.48% | — | 14.01% | 4.42% | 3.1 pp |
| FY 2021 Q1 | May 2, 2020 | 10.12% | 7.93% | — | 13.14% | 4.05% | 2.4 pp |
| FY 2020 Q4 | Feb 1, 2020 | 10.01% | 9.2% | — | 13.9% | 5% | 2.3 pp |
| FY 2020 Q3 | Nov 2, 2019 | — | -7.54% | — | -22.8% | -8.81% | — |
| FY 2020 Q2 | Aug 3, 2019 | — | -7.47% | — | -23.34% | -8.86% | — |
| FY 2020 Q1 | May 4, 2019 | — | -6.77% | — | -22.63% | -8.43% | — |
| FY 2019 Q4 | Feb 2, 2019 | — | -7.55% | — | -24.81% | -10.66% | — |
| FY 2019 Q3 | Nov 3, 2018 | — | 13.99% | — | 24.98% | 10.85% | — |
| FY 2019 Q2 | Aug 4, 2018 | — | 14.55% | — | 25.38% | 10.84% | — |
| FY 2019 Q1 | May 5, 2018 | — | 14.81% | — | 25.83% | 10.52% | — |
| FY 2018 Q4 | Feb 3, 2018 | — | 14.77% | — | 27.27% | 10.7% | — |
| FY 2018 Q3 | Oct 28, 2017 | 10.51% | 13.12% | 295.27% | 17.84% | 6.24% | 2.8 pp |
| FY 2018 Q2 | Jul 29, 2017 | 10.58% | 12.59% | — | 17.31% | 5.82% | 2.9 pp |
| FY 2018 Q1 | Apr 29, 2017 | 10.11% | 12.06% | — | 16.81% | 5.39% | 2.4 pp |
| FY 2017 Q4 | Jan 28, 2017 | 10.51% | 12.44% | — | 18.3% | 5.67% | 2.8 pp |
| FY 2017 Q3 | Oct 29, 2016 | 9.46% | 11.11% | 2,548.61% | 17.49% | 4.89% | 1.8 pp |
| FY 2017 Q2 | Jul 30, 2016 | 8.78% | 10.26% | — | 16.03% | 4.34% | 1.1 pp |
| FY 2017 Q1 | Apr 30, 2016 | 8.3% | 10.35% | 7.61% | 13.63% | 3.31% | 0.6 pp |
| FY 2016 Q4 | Jan 30, 2016 | 10.42% | 12.72% | 0.09% | 9.12% | 2.9% | 2.7 pp |
| FY 2016 Q3 | Oct 31, 2015 | 8.95% | 11.31% | -0.35% | 9.08% | 2.59% | 1.3 pp |
| FY 2016 Q2 | Aug 1, 2015 | 9.21% | 11.39% | -0.29% | 11.32% | 3.16% | 1.5 pp |
| FY 2016 Q1 | May 2, 2015 | — | 17.23% | — | — | 7.67% | — |
| FY 2015 Q4 | Jan 31, 2015 | 38.99% | 43.42% | 911.77% | — | 18.91% | 31.3 pp |
| FY 2015 Q3 | Nov 1, 2014 | — | 43.52% | — | — | 19.38% | — |
| FY 2015 Q2 | Aug 2, 2014 | — | 43.02% | — | — | 19.76% | — |
| FY 2015 Q1 | May 3, 2014 | — | 44.99% | — | — | 20.85% | — |
| FY 2014 Q4 | Feb 1, 2014 | 37.78% | 46.63% | 18.35% | — | 21.6% | 30.1 pp |
| FY 2014 Q3 | Nov 2, 2013 | — | 48.62% | — | — | 22.17% | — |
| FY 2014 Q2 | Aug 3, 2013 | — | 46.47% | — | — | 23.75% | — |
| FY 2014 Q1 | May 4, 2013 | — | 50.14% | — | — | 24.2% | — |
| FY 2013 Q4 | Feb 2, 2013 | 40.7% | 48.13% | 42.49% | — | 24.38% | 33 pp |
| FY 2013 Q3 | Oct 27, 2012 | 35.94% | 45.4% | 51.72% | 38.76% | 22.82% | 28.2 pp |
| FY 2013 Q2 | Jul 28, 2012 | 37.25% | 43.02% | — | 33.93% | 21.2% | 29.5 pp |
| FY 2013 Q1 | Apr 28, 2012 | 36.75% | 46.04% | — | 33.93% | 20.83% | 29.1 pp |
| FY 2012 Q4 | Jan 28, 2012 | 35.81% | 43.51% | — | 34.83% | 20.74% | 28.1 pp |
| FY 2012 Q3 | Oct 29, 2011 | 33.17% | 40.6% | — | 32.38% | 19.31% | 25.5 pp |
| FY 2012 Q2 | Jul 30, 2011 | 33.99% | 38.14% | — | 30.42% | 19.07% | 26.3 pp |
| FY 2012 Q1 | Apr 30, 2011 | — | — | — | — | — | — |
| FY 2011 Q4 | Jan 29, 2011 | — | — | — | — | — | — |
| FY 2011 Q3 | Oct 30, 2010 | — | — | — | — | — | — |
| FY 2011 Q2 | Jul 31, 2010 | — | — | — | — | — | — |
Sources and calculations
Financial inputs from company filings. Last checked Oct 18, 2026. A dash means missing inputs or an undefined calculation.
Period changes use the preceding fiscal quarter or year. Percentage changes divide by the absolute prior value; a zero or missing baseline has no percentage change. Percentage metrics show changes in percentage points.
Quarterly returns use trailing 12-month earnings and period-end balances averaged with the same fiscal quarter one year earlier. NOPAT uses the reported effective tax rate only when pretax profit is positive and the rate is between 0 and 100%. WACC starts at 7.7%, rounded from the US nonfinancial market · generic proxy benchmark in NYU Stern · January 2026. It is an editable US sector proxy applied across history, not a company estimate; foreign reporting currencies also need a currency-specific assessment.
Market prices: Yahoo Finance · DLTR, USD. Latest completed close Sep 25, 2026. Price data retrieved Sep 28, 2026.
- ROIC
- NOPAT / average invested capital × 100. NOPAT = operating income × (1 − effective tax rate). Invested capital = equity including noncontrolling interests + debt − cash and equivalents. Average uses period end and one year earlier.
- ROCE
- Operating income / average (assets − current liabilities) × 100, using period end and one year earlier.
- ROIIC
- Year-over-year change in annual/TTM NOPAT / positive year-over-year change in invested capital × 100. Capital reductions and missing inputs yield unavailable values.
- ROE
- Earnings attributable to owners / average equity attributable to owners × 100, using period end and one year earlier.
- ROA
- Net income / average total assets × 100, using period end and one year earlier.
- ROIC − WACC
- ROIC less your WACC assumption, in percentage points. The same scenario rate is applied across history; it is not a reported or historical company WACC.