Net Profit Margin
since 2010
Calculation
Dollar General Corp., net profit margin, long-term trends, calculation
| Net profit margin | = | 100 | × | Net income1 | ÷ | Net sales1 | |
|---|---|---|---|---|---|---|---|
| Feb 2, 2024 | 4.29% | = | 100 | × | 1,661,274) | ÷ | 38,691,609) |
| Feb 3, 2023 | 6.38% | = | 100 | × | 2,415,989) | ÷ | 37,844,863) |
| Jan 28, 2022 | 7.01% | = | 100 | × | 2,399,232) | ÷ | 34,220,449) |
| Jan 29, 2021 | 7.87% | = | 100 | × | 2,655,050) | ÷ | 33,746,839) |
| Jan 31, 2020 | 6.17% | = | 100 | × | 1,712,555) | ÷ | 27,753,973) |
| Feb 1, 2019 | 6.20% | = | 100 | × | 1,589,472) | ÷ | 25,625,043) |
| Feb 2, 2018 | 6.56% | = | 100 | × | 1,538,960) | ÷ | 23,470,967) |
| Feb 3, 2017 | 5.69% | = | 100 | × | 1,251,133) | ÷ | 21,986,598) |
| Jan 29, 2016 | 5.72% | = | 100 | × | 1,165,080) | ÷ | 20,368,562) |
| Jan 30, 2015 | 5.63% | = | 100 | × | 1,065,345) | ÷ | 18,909,588) |
| Jan 31, 2014 | 5.86% | = | 100 | × | 1,025,116) | ÷ | 17,504,167) |
| Feb 1, 2013 | 5.95% | = | 100 | × | 952,662) | ÷ | 16,022,128) |
| Feb 3, 2012 | 5.18% | = | 100 | × | 766,685) | ÷ | 14,807,188) |
| Jan 28, 2011 | 4.82% | = | 100 | × | 627,857) | ÷ | 13,035,000) |
| Jan 29, 2010 | 2.88% | = | 100 | × | 339,442) | ÷ | 11,796,380) |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
1 US$ in thousands
The financial trajectory exhibits a long-term expansion in scale accompanied by a fluctuating net profit margin. While net sales experienced uninterrupted growth over the analyzed 15-year period, profitability reached a peak in 2021 before entering a period of contraction.
- Revenue and Net Income Growth
- Net sales demonstrated consistent year-over-year increases, rising from 11.79 billion USD in 2010 to 38.69 billion USD by 2024. Net income followed a similar upward trend for over a decade, growing from 339 million USD in 2010 to a peak of 2.66 billion USD in 2021.
- Net Profit Margin Evolution
- The net profit margin progressed through three distinct phases. An initial growth phase occurred between 2010 and 2013, where the margin rose from 2.88% to 5.95%. This was followed by a period of relative stability from 2014 to 2020, during which the margin generally fluctuated between 5.63% and 6.56%.
- Recent Profitability Decline
- A peak profitability margin of 7.87% was recorded in 2021. However, a subsequent downward trend is observed, with the margin declining to 7.01% in 2022, 6.38% in 2023, and 4.29% in 2024. Because this contraction occurred while net sales continued to increase, it indicates that expenses grew at a faster rate than revenue during the final three years of the period.
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Comparison to Competitors
Dollar General Corp., net profit margin, long-term trends, comparison to competitors
| Dollar General Corp. | Costco Wholesale Corp. | Target Corp. | Walmart Inc. | |
|---|---|---|---|---|
| Feb 2, 2024 | 4.29% | 2.95% | 3.85% | 2.41% |
| Feb 3, 2023 | 6.38% | 2.65% | 2.55% | 1.93% |
| Jan 28, 2022 | 7.01% | 2.62% | 6.55% | 2.41% |
| Jan 29, 2021 | 7.87% | 2.61% | 4.67% | 2.43% |
| Jan 31, 2020 | 6.17% | 2.45% | 4.20% | 2.86% |
| Feb 1, 2019 | 6.20% | 2.45% | 3.90% | 1.31% |
| Feb 2, 2018 | 6.56% | 2.26% | 4.08% | 1.99% |
| Feb 3, 2017 | 5.69% | 2.12% | 3.94% | 2.83% |
| Jan 29, 2016 | 5.72% | 2.02% | 4.56% | 3.07% |
| Jan 30, 2015 | 5.63% | 2.09% | -2.25% | 3.39% |
| Jan 31, 2014 | 5.86% | 1.87% | 2.72% | 3.39% |
| Feb 1, 2013 | 5.95% | 1.98% | 4.09% | 3.65% |
| Feb 3, 2012 | 5.18% | 1.76% | 4.19% | 3.54% |
| Jan 28, 2011 | 4.82% | 1.68% | 4.33% | 3.91% |
| Jan 29, 2010 | 2.88% | 1.71% | 3.81% | 3.54% |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
Comparison to Sector (Consumer Staples Distribution & Retail)
Dollar General Corp., net profit margin, long-term trends, comparison to sector (consumer staples distribution & retail)
| Dollar General Corp. | Consumer Staples Distribution & Retail | |
|---|---|---|
| Feb 2, 2024 | 4.29% | 2.70% |
| Feb 3, 2023 | 6.38% | 2.18% |
| Jan 28, 2022 | 7.01% | 2.95% |
| Jan 29, 2021 | 7.87% | 2.72% |
| Jan 31, 2020 | 6.17% | 2.91% |
| Feb 1, 2019 | 6.20% | 1.80% |
| Feb 2, 2018 | 6.56% | 2.26% |
| Feb 3, 2017 | 5.69% | 2.82% |
| Jan 29, 2016 | 5.72% | 3.05% |
| Jan 30, 2015 | 5.63% | 2.56% |
| Jan 31, 2014 | 5.86% | 3.06% |
| Feb 1, 2013 | 5.95% | 3.43% |
| Feb 3, 2012 | 5.18% | 3.33% |
| Jan 28, 2011 | 4.82% | 3.62% |
| Jan 29, 2010 | 2.88% | 3.32% |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).
Comparison to Industry (Consumer Staples)
Dollar General Corp., net profit margin, long-term trends, comparison to industry (consumer staples)
| Dollar General Corp. | Consumer Staples | |
|---|---|---|
| Feb 2, 2024 | 4.29% | 5.69% |
| Feb 3, 2023 | 6.38% | 5.47% |
| Jan 28, 2022 | 7.01% | 6.11% |
| Jan 29, 2021 | 7.87% | 6.21% |
| Jan 31, 2020 | 6.17% | 6.22% |
| Feb 1, 2019 | 6.20% | 4.62% |
| Feb 2, 2018 | 6.56% | 6.05% |
| Feb 3, 2017 | 5.69% | 5.52% |
| Jan 29, 2016 | 5.72% | 5.88% |
| Jan 30, 2015 | 5.63% | 5.62% |
| Jan 31, 2014 | 5.86% | 6.00% |
| Feb 1, 2013 | 5.95% | 6.75% |
| Feb 3, 2012 | 5.18% | 6.65% |
| Jan 28, 2011 | 4.82% | 6.99% |
| Jan 29, 2010 | 2.88% | 7.59% |
Based on: 10-K (reporting date: 2024-02-02), 10-K (reporting date: 2023-02-03), 10-K (reporting date: 2022-01-28), 10-K (reporting date: 2021-01-29), 10-K (reporting date: 2020-01-31), 10-K (reporting date: 2019-02-01), 10-K (reporting date: 2018-02-02), 10-K (reporting date: 2017-02-03), 10-K (reporting date: 2016-01-29), 10-K (reporting date: 2015-01-30), 10-K (reporting date: 2014-01-31), 10-K (reporting date: 2013-02-01), 10-K (reporting date: 2012-02-03), 10-K (reporting date: 2011-01-28), 10-K (reporting date: 2010-01-29).