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
- Net Income
- Net income exhibits a consistent upward trend from 2010 through 2021, rising from approximately 339 million US dollars to a peak exceeding 2.65 billion US dollars. After reaching this high point in 2021, net income experiences a decline over the subsequent years, with a marked decrease in 2024 to about 1.66 billion US dollars. This downward shift contrasts with the previous decade's steady growth.
- Net Sales
- Net sales demonstrate continuous growth throughout the entire period analyzed. Beginning at roughly 11.8 billion US dollars in 2010, sales increase steadily each year, culminating at nearly 38.7 billion US dollars in 2024. This persistent expansion underscores consistent revenue generation improvement over the 15-year span.
- Net Profit Margin
- The net profit margin shows a general upward trend from 2.88% in 2010 to a peak of 7.87% in 2021, reflecting improving profitability relative to sales. However, following 2021, the margin declines, dropping to 4.29% by 2024. This reduction suggests increasing costs, pricing pressures, or other operational challenges affecting profitability despite continued sales growth.
- Overall Analysis
- The data reveal a company with robust sales growth and improving profitability and net income for over a decade, achieving significant operational scale and efficiency. However, recent years indicate a reversal in net income and profit margin trends, signaling emerging challenges or market changes affecting earnings quality. The divergence between rising sales and falling net income and margin warrants closer examination of cost structures, competitive environment, and strategic initiatives implemented after 2021.
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).