Net Profit Margin
since 2005
Calculation
Dollar Tree Inc., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income (loss)1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Jan 29, 2022 | 5.05% | = | 100 | × | 1,327,900) | ÷ | 26,309,800) |
| Jan 30, 2021 | 5.26% | = | 100 | × | 1,341,900) | ÷ | 25,508,400) |
| Feb 1, 2020 | 3.50% | = | 100 | × | 827,000) | ÷ | 23,610,800) |
| Feb 2, 2019 | -6.97% | = | 100 | × | (1,590,800) | ÷ | 22,823,300) |
| Feb 3, 2018 | 7.71% | = | 100 | × | 1,714,300) | ÷ | 22,245,500) |
| Jan 28, 2017 | 4.33% | = | 100 | × | 896,200) | ÷ | 20,719,200) |
| Jan 30, 2016 | 1.82% | = | 100 | × | 282,400) | ÷ | 15,498,400) |
| Jan 31, 2015 | 6.97% | = | 100 | × | 599,200) | ÷ | 8,602,200) |
| Feb 1, 2014 | 7.61% | = | 100 | × | 596,700) | ÷ | 7,840,300) |
| Feb 2, 2013 | 8.38% | = | 100 | × | 619,300) | ÷ | 7,394,500) |
| Jan 28, 2012 | 7.36% | = | 100 | × | 488,300) | ÷ | 6,630,500) |
| Jan 29, 2011 | 6.75% | = | 100 | × | 397,300) | ÷ | 5,882,400) |
| Jan 30, 2010 | 6.13% | = | 100 | × | 320,500) | ÷ | 5,231,200) |
| Jan 31, 2009 | 4.94% | = | 100 | × | 229,500) | ÷ | 4,644,900) |
| Feb 2, 2008 | 4.74% | = | 100 | × | 201,300) | ÷ | 4,242,600) |
| Feb 3, 2007 | 4.84% | = | 100 | × | 192,000) | ÷ | 3,969,400) |
| Jan 28, 2006 | 5.12% | = | 100 | × | 173,918) | ÷ | 3,393,924) |
| Jan 29, 2005 | 5.77% | = | 100 | × | 180,250) | ÷ | 3,126,009) |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
1 US$ in thousands
The financial performance from 2005 to 2022 is characterized by three distinct phases: a period of steady margin expansion, a phase of extreme volatility coinciding with rapid revenue growth, and a recent period of stabilization. While net sales grew consistently from approximately 3.1 billion USD in 2005 to over 26.3 billion USD in 2022, the net profit margin exhibited significant fluctuations, ranging from a peak of 8.38% to a deficit of -6.97%.
- Steady Growth and Peak Profitability (2005–2013)
- Between 2005 and 2013, the net profit margin followed a generally upward trajectory after a brief initial dip. Following a low of 4.74% in 2008, the margin climbed consistently for five years, reaching a historical peak of 8.38% in 2013. This period was marked by a synchronized increase in both net sales and net income, suggesting efficient scaling and strong operational control.
- Revenue Expansion and Margin Compression (2014–2017)
- A significant shift occurred starting in 2014, where a massive acceleration in net sales—increasing from 8.6 billion USD in 2014 to over 20.7 billion USD by 2016—did not translate into proportional profit growth. The net profit margin experienced a sharp decline, dropping to 1.82% in 2016. This indicates a period of aggressive expansion or integration costs that temporarily eroded profitability despite the substantial increase in top-line revenue.
- Extreme Volatility and Recovery (2018–2019)
- The 2018 to 2019 interval represents the most volatile period in the dataset. After a strong recovery to 7.71% in 2018, the net profit margin plummeted to -6.97% in 2019. This decline was driven by a substantial net loss of approximately 1.59 billion USD, occurring even as net sales reached 22.8 billion USD, signifying a severe non-recurring financial impact or operational shock.
- Recent Stabilization (2020–2022)
- From 2020 through 2022, the net profit margin returned to positive territory and began to stabilize. The margin recovered to 3.50% in 2020 and further improved to 5.05% by 2022. This recent trend shows a return to profit levels similar to those observed in the 2005–2008 period, suggesting a normalization of operations following the previous years of instability.
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Comparison to Competitors
Dollar Tree Inc., net profit margin, long-term trends, comparison to competitors
| Dollar Tree Inc. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Jan 29, 2022 | 5.05% | 2.62% | 6.55% | 2.41% |
| Jan 30, 2021 | 5.26% | 2.61% | 4.67% | 2.43% |
| Feb 1, 2020 | 3.50% | 2.45% | 4.20% | 2.86% |
| Feb 2, 2019 | -6.97% | 2.45% | 3.90% | 1.31% |
| Feb 3, 2018 | 7.71% | 2.26% | 4.08% | 1.99% |
| Jan 28, 2017 | 4.33% | 2.12% | 3.94% | 2.83% |
| Jan 30, 2016 | 1.82% | 2.02% | 4.56% | 3.07% |
| Jan 31, 2015 | 6.97% | 2.09% | -2.25% | 3.39% |
| Feb 1, 2014 | 7.61% | 1.87% | 2.72% | 3.39% |
| Feb 2, 2013 | 8.38% | 1.98% | 4.09% | 3.65% |
| Jan 28, 2012 | 7.36% | 1.76% | 4.19% | 3.54% |
| Jan 29, 2011 | 6.75% | 1.68% | 4.33% | 3.91% |
| Jan 30, 2010 | 6.13% | 1.71% | 3.81% | 3.54% |
| Jan 31, 2009 | 4.94% | 1.55% | 3.41% | 3.34% |
| Feb 2, 2008 | 4.74% | 1.81% | 4.50% | 3.40% |
| Feb 3, 2007 | 4.84% | 1.72% | 4.68% | 3.27% |
| Jan 28, 2006 | 5.12% | 1.87% | 4.58% | 3.59% |
| Jan 29, 2005 | 5.77% | 2.05% | 6.83% | 3.60% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar Tree Inc., net profit margin, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar Tree Inc. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Jan 29, 2022 | 5.05% | 2.95% |
| Jan 30, 2021 | 5.26% | 2.72% |
| Feb 1, 2020 | 3.50% | 2.91% |
| Feb 2, 2019 | -6.97% | 1.80% |
| Feb 3, 2018 | 7.71% | 2.26% |
| Jan 28, 2017 | 4.33% | 2.82% |
| Jan 30, 2016 | 1.82% | 3.05% |
| Jan 31, 2015 | 6.97% | 2.56% |
| Feb 1, 2014 | 7.61% | 3.06% |
| Feb 2, 2013 | 8.38% | 3.43% |
| Jan 28, 2012 | 7.36% | 3.33% |
| Jan 29, 2011 | 6.75% | 3.62% |
| Jan 30, 2010 | 6.13% | 3.32% |
| Jan 31, 2009 | 4.94% | 3.12% |
| Feb 2, 2008 | 4.74% | 3.31% |
| Feb 3, 2007 | 4.84% | 3.24% |
| Jan 28, 2006 | 5.12% | 3.48% |
| Jan 29, 2005 | 5.77% | 3.78% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).
Comparison to Industry (Consumer Staples)
Dollar Tree Inc., net profit margin, long-term trends, comparison to industry (consumer staples)
| Dollar Tree Inc. | Consumer Staples | |
|---|---|---|
| Jan 29, 2022 | 5.05% | 6.11% |
| Jan 30, 2021 | 5.26% | 6.21% |
| Feb 1, 2020 | 3.50% | 6.22% |
| Feb 2, 2019 | -6.97% | 4.62% |
| Feb 3, 2018 | 7.71% | 6.05% |
| Jan 28, 2017 | 4.33% | 5.52% |
| Jan 30, 2016 | 1.82% | 5.88% |
| Jan 31, 2015 | 6.97% | 5.62% |
| Feb 1, 2014 | 7.61% | 6.00% |
| Feb 2, 2013 | 8.38% | 6.75% |
| Jan 28, 2012 | 7.36% | 6.65% |
| Jan 29, 2011 | 6.75% | 6.99% |
| Jan 30, 2010 | 6.13% | 7.59% |
| Jan 31, 2009 | 4.94% | 6.93% |
| Feb 2, 2008 | 4.74% | 6.75% |
| Feb 3, 2007 | 4.84% | 6.11% |
| Jan 28, 2006 | 5.12% | 6.35% |
| Jan 29, 2005 | 5.77% | 6.29% |
Based on: 10-K (reporting date: 2022-01-29), 10-K (reporting date: 2021-01-30), 10-K (reporting date: 2020-02-01), 10-K (reporting date: 2019-02-02), 10-K (reporting date: 2018-02-03), 10-K (reporting date: 2017-01-28), 10-K (reporting date: 2016-01-30), 10-K (reporting date: 2015-01-31), 10-K (reporting date: 2014-02-01), 10-K (reporting date: 2013-02-02), 10-K (reporting date: 2012-01-28), 10-K (reporting date: 2011-01-29), 10-K (reporting date: 2010-01-30), 10-K (reporting date: 2009-01-31), 10-K (reporting date: 2008-02-02), 10-K (reporting date: 2007-02-03), 10-K (reporting date: 2006-01-28), 10-K (reporting date: 2005-01-29).