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Dollar Tree vs Walmart: revenue, profit, margins and growth compared

Dollar Tree brought in $19.4B of revenue in fiscal 2025, Walmart $713.2B in fiscal 2026. Revenue changed by +10.4% at Dollar Tree and +4.7% at Walmart on the year before, so Dollar Tree grew faster. Dollar Tree kept 6.6% of its revenue as net profit, Walmart 3.1%. Free cash flow was $1.1B at Dollar Tree and $14.9B at Walmart.

Side by side, latest fiscal year

DLTRWMT
Fiscal year endedFY2025 (January 31, 2026)FY2026 (January 31, 2026)
Revenue$19.4B$713.2B
Revenue growth+10.4%+4.7%
Net income$1.3B$21.9B
Net margin6.6%3.1%
Free cash flow$1.1B$14.9B
Free cash flow margin5.4%2.1%
Earnings per share (diluted)$6.22$2.73
Cash$717.8M$10.7B
Debt$2.4B$38.2B
Price to earnings18.339.5
Market value$21.9B$859.3B
Dividend yieldn/a0.87%
Rank by revenue in sector#60 of 778 · Consumer discretionary#2 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: $19.4BWMT FY2019: $514.4BWMT FY2020: $524BWMT FY2021: $559.2BWMT FY2022: $572.8BWMT FY2023: $611.3BWMT FY2024: $648.1BWMT FY2025: $681BWMT FY2026: $713.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
DLTR $19.4BWMT $713.2B
Net income
DLTR FY2018: -$1.6BDLTR FY2019: $827MDLTR FY2020: $1.3BDLTR FY2021: $1.3BDLTR FY2022: $1.6BDLTR FY2023: -$998.4MDLTR FY2024: -$3BDLTR FY2025: $1.3BWMT FY2019: $6.7BWMT FY2020: $14.9BWMT FY2021: $13.5BWMT FY2022: $13.7BWMT FY2023: $11.7BWMT FY2024: $15.5BWMT FY2025: $19.4BWMT FY2026: $21.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
DLTR $1.3BWMT $21.9B
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%WMT FY2019: 1.3%WMT FY2020: 2.8%WMT FY2021: 2.4%WMT FY2022: 2.4%WMT FY2023: 1.9%WMT FY2024: 2.4%WMT FY2025: 2.9%WMT FY2026: 3.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
DLTR 6.6%WMT 3.1%
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%WMT FY2020: +1.9%WMT FY2021: +6.7%WMT FY2022: +2.4%WMT FY2023: +6.7%WMT FY2024: +6.0%WMT FY2025: +5.1%WMT FY2026: +4.7%FY19FY20FY21FY22FY23FY24FY25FY26
DLTR +10.4%WMT +4.7%
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: $1.1BWMT FY2019: $17.4BWMT FY2020: $14.6BWMT FY2021: $25.8BWMT FY2022: $11.1BWMT FY2023: $12BWMT FY2024: $15.1BWMT FY2025: $12.7BWMT FY2026: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
DLTR $1.1BWMT $14.9B

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

Questions about Dollar Tree and Walmart

Which is bigger by revenue, Dollar Tree or Walmart?

Walmart is bigger by revenue: $713.2B in fiscal 2026, against $19.4B for Dollar Tree in fiscal 2025.

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

Dollar Tree had a net margin of 6.6% in fiscal 2025; Walmart had 3.1% in fiscal 2026.

Which grew revenue faster, Dollar Tree or Walmart?

In their latest fiscal years revenue changed by +10.4% at Dollar Tree and +4.7% at Walmart.

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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