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Dollar Tree vs Five Below: revenue, profit, margins and growth compared

Dollar Tree brought in $19.4B of revenue in fiscal 2025, Five Below $4.8B in fiscal 2025. Revenue changed by +10.4% at Dollar Tree and +22.9% at Five Below on the year before, so Five Below grew faster. Dollar Tree kept 6.6% of its revenue as net profit, Five Below 7.5%. Free cash flow was $1.1B at Dollar Tree and $411.7M at Five Below.

Side by side, latest fiscal year

DLTRFIVE
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$19.4B$4.8B
Revenue growth+10.4%+22.9%
Net income$1.3B$358.6M
Net margin6.6%7.5%
Free cash flow$1.1B$411.7M
Free cash flow margin5.4%8.6%
Earnings per share (diluted)$6.22$6.47
Cash$717.8M$723.7M
Debt$2.4Bn/a
Price to earnings18.334.4
Market value$21.9B$12.3B
Dividend yieldn/an/a
Rank by revenue in sector#60 of 778 · Consumer discretionary#208 of 778 · Consumer discretionary

Over the years

Revenue
DLTR FY2018: $22.8BDLTR FY2019: $23.6BDLTR FY2020: $25.5BDLTR FY2021: $26.3BDLTR FY2022: $15.4BDLTR FY2023: $16.8BDLTR FY2024: $17.6BDLTR FY2025: $19.4BFIVE FY2018: $1.6BFIVE FY2019: $1.8BFIVE FY2020: $2BFIVE FY2021: $2.8BFIVE FY2022: $3.1BFIVE FY2023: $3.6BFIVE FY2024: $3.9BFIVE FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
DLTR $19.4BFIVE $4.8B
Net income
DLTR FY2018: -$1.6BDLTR FY2019: $827MDLTR FY2020: $1.3BDLTR FY2021: $1.3BDLTR FY2022: $1.6BDLTR FY2023: -$998.4MDLTR FY2024: -$3BDLTR FY2025: $1.3BFIVE FY2018: $149.6MFIVE FY2019: $175.1MFIVE FY2020: $123.4MFIVE FY2021: $278.8MFIVE FY2022: $261.5MFIVE FY2023: $301.1MFIVE FY2024: $253.6MFIVE FY2025: $358.6MFY18FY19FY20FY21FY22FY23FY24FY25
DLTR $1.3BFIVE $358.6M
Net margin
DLTR FY2018: -7.0%DLTR FY2019: 3.5%DLTR FY2020: 5.3%DLTR FY2021: 5.0%DLTR FY2022: 10.5%DLTR FY2023: -5.9%DLTR FY2024: -17.2%DLTR FY2025: 6.6%FIVE FY2018: 9.6%FIVE FY2019: 9.5%FIVE FY2020: 6.3%FIVE FY2021: 9.8%FIVE FY2022: 8.5%FIVE FY2023: 8.5%FIVE FY2024: 6.5%FIVE FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
DLTR 6.6%FIVE 7.5%
Revenue growth
DLTR FY2019: +3.5%DLTR FY2020: +8.0%DLTR FY2021: +3.2%DLTR FY2022: -41.4%DLTR FY2023: +8.9%DLTR FY2024: +4.8%DLTR FY2025: +10.4%FIVE FY2019: +18.4%FIVE FY2020: +6.2%FIVE FY2021: +45.2%FIVE FY2022: +8.0%FIVE FY2023: +15.7%FIVE FY2024: +8.9%FIVE FY2025: +22.9%FY19FY20FY21FY22FY23FY24FY25
DLTR +10.4%FIVE +22.9%
Free cash flow
DLTR FY2018: $948.9MDLTR FY2019: $835MDLTR FY2020: $1.8BDLTR FY2021: $410.3MDLTR FY2022: $975.8MDLTR FY2023: $1.5BDLTR FY2024: $892.8MDLTR FY2025: $1.1BFIVE FY2018: $70.4MFIVE FY2019: -$25.3MFIVE FY2020: $165.8MFIVE FY2021: $39.7MFIVE FY2022: $63MFIVE FY2023: $164.6MFIVE FY2024: $106.7MFIVE FY2025: $411.7MFY18FY19FY20FY21FY22FY23FY24FY25
DLTR $1.1BFIVE $411.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Dollar Tree and Five Below

Which is bigger by revenue, Dollar Tree or Five Below?

Dollar Tree is bigger by revenue: $19.4B in fiscal 2025, against $4.8B for Five Below in fiscal 2025.

Which keeps more of its revenue as profit, Dollar Tree or Five Below?

Dollar Tree had a net margin of 6.6% in fiscal 2025; Five Below had 7.5% in fiscal 2025.

Which grew revenue faster, Dollar Tree or Five Below?

In their latest fiscal years revenue changed by +10.4% at Dollar Tree and +22.9% at Five Below.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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