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Side-by-side financial comparison of Dollar Tree (DLTR) and Royal Caribbean Group (RCL). Click either name above to swap in a different company.
Dollar Tree is the larger business by last-quarter revenue ($4.7B vs $4.3B, roughly 1.1× Royal Caribbean Group). Royal Caribbean Group runs the higher net margin — 17.7% vs 5.2%, a 12.5% gap on every dollar of revenue. On growth, Royal Caribbean Group posted the faster year-over-year revenue change (13.3% vs -37.2%). Royal Caribbean Group produced more free cash flow last quarter ($116.0M vs $-57.1M). Over the past eight quarters, Royal Caribbean Group's revenue compounded faster (6.9% CAGR vs -25.9%).
Dollar Tree, Inc., formerly known as Dollar Tree Stores, Inc., is an American multi-price-point chain of discount variety stores. Headquartered in Chesapeake, Virginia, it is a Fortune 500 company and operates 15,115 stores throughout the 48 contiguous U.S. states and Canada. Its stores are supported by a nationwide logistics network of 24 distribution centers.
Royal Caribbean Group, formerly known as Royal Caribbean Cruises Ltd., is a cruise holding company headquartered in Miami, Florida, United States and incorporated in Liberia. It is the world's second-largest cruise line operator, after Carnival Corporation & plc. As of September 2025, Royal Caribbean Group fully owns three cruise lines: Royal Caribbean International, Celebrity Cruises, and Silversea Cruises. It also holds a 50% stake in TUI Cruises, which operates Mein Schiff and Hapag-Lloyd ...
DLTR vs RCL — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $4.3B |
| Net Profit | $244.6M | $753.0M |
| Gross Margin | 35.8% | 47.4% |
| Operating Margin | 7.2% | 21.9% |
| Net Margin | 5.2% | 17.7% |
| Revenue YoY | -37.2% | 13.3% |
| Net Profit YoY | 4.8% | 36.4% |
| EPS (diluted) | $1.20 | $2.76 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $4.7B | $4.3B | ||
| Q3 25 | $4.6B | $5.1B | ||
| Q2 25 | $4.6B | $4.5B | ||
| Q1 25 | $5.0B | $4.0B | ||
| Q4 24 | $7.6B | $3.8B | ||
| Q3 24 | $7.4B | $4.9B | ||
| Q2 24 | $7.6B | $4.1B | ||
| Q1 24 | $8.6B | $3.7B |
| Q4 25 | $244.6M | $753.0M | ||
| Q3 25 | $188.4M | $1.6B | ||
| Q2 25 | $343.4M | $1.2B | ||
| Q1 25 | $-3.7B | $730.0M | ||
| Q4 24 | $233.3M | $552.0M | ||
| Q3 24 | $132.4M | $1.1B | ||
| Q2 24 | $300.1M | $854.0M | ||
| Q1 24 | $-1.7B | $360.0M |
| Q4 25 | 35.8% | 47.4% | ||
| Q3 25 | 34.4% | 51.8% | ||
| Q2 25 | 35.6% | 49.7% | ||
| Q1 25 | 37.6% | 48.0% | ||
| Q4 24 | 30.9% | 45.4% | ||
| Q3 24 | 30.0% | 51.1% | ||
| Q2 24 | 30.8% | 47.6% | ||
| Q1 24 | 32.1% | 44.8% |
| Q4 25 | 7.2% | 21.9% | ||
| Q3 25 | 5.1% | 33.1% | ||
| Q2 25 | 8.3% | 29.3% | ||
| Q1 25 | — | 23.6% | ||
| Q4 24 | 4.4% | 16.6% | ||
| Q3 24 | 2.8% | 33.4% | ||
| Q2 24 | 5.5% | 26.7% | ||
| Q1 24 | -21.9% | 20.1% |
| Q4 25 | 5.2% | 17.7% | ||
| Q3 25 | 4.1% | 30.6% | ||
| Q2 25 | 7.4% | 26.7% | ||
| Q1 25 | -74.0% | 18.3% | ||
| Q4 24 | 3.1% | 14.7% | ||
| Q3 24 | 1.8% | 22.7% | ||
| Q2 24 | 3.9% | 20.8% | ||
| Q1 24 | -19.8% | 9.7% |
| Q4 25 | $1.20 | $2.76 | ||
| Q3 25 | $0.91 | $5.74 | ||
| Q2 25 | $1.61 | $4.41 | ||
| Q1 25 | $-17.17 | $2.70 | ||
| Q4 24 | $1.08 | $2.27 | ||
| Q3 24 | $0.62 | $4.21 | ||
| Q2 24 | $1.38 | $3.11 | ||
| Q1 24 | $-7.78 | $1.35 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $594.8M | $825.0M |
| Total DebtLower is stronger | — | $18.2B |
| Stockholders' EquityBook value | $3.5B | $10.0B |
| Total Assets | $13.7B | $41.6B |
| Debt / EquityLower = less leverage | — | 1.81× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $594.8M | $825.0M | ||
| Q3 25 | $666.3M | $432.0M | ||
| Q2 25 | $1.0B | $735.0M | ||
| Q1 25 | $1.3B | $386.0M | ||
| Q4 24 | $697.6M | $388.0M | ||
| Q3 24 | $570.3M | $418.0M | ||
| Q2 24 | $618.5M | $391.0M | ||
| Q1 24 | $684.9M | $437.0M |
| Q4 25 | — | $18.2B | ||
| Q3 25 | — | $17.2B | ||
| Q2 25 | — | $17.6B | ||
| Q1 25 | $3.4B | $18.0B | ||
| Q4 24 | — | $18.5B | ||
| Q3 24 | — | $19.0B | ||
| Q2 24 | — | $19.8B | ||
| Q1 24 | $3.4B | $18.9B |
| Q4 25 | $3.5B | $10.0B | ||
| Q3 25 | $3.6B | $10.1B | ||
| Q2 25 | $3.9B | $9.2B | ||
| Q1 25 | $4.0B | $8.0B | ||
| Q4 24 | $7.6B | $7.6B | ||
| Q3 24 | $7.4B | $7.0B | ||
| Q2 24 | $7.3B | $6.0B | ||
| Q1 24 | $7.3B | $5.2B |
| Q4 25 | $13.7B | $41.6B | ||
| Q3 25 | $13.4B | $40.1B | ||
| Q2 25 | $18.3B | $38.5B | ||
| Q1 25 | $18.6B | $37.5B | ||
| Q4 24 | $23.3B | $37.1B | ||
| Q3 24 | $22.6B | $37.1B | ||
| Q2 24 | $22.1B | $37.0B | ||
| Q1 24 | $22.0B | $35.2B |
| Q4 25 | — | 1.81× | ||
| Q3 25 | — | 1.70× | ||
| Q2 25 | — | 1.92× | ||
| Q1 25 | 0.86× | 2.26× | ||
| Q4 24 | — | 2.44× | ||
| Q3 24 | — | 2.69× | ||
| Q2 24 | — | 3.29× | ||
| Q1 24 | 0.47× | 3.66× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $319.3M | $1.6B |
| Free Cash FlowOCF − Capex | $-57.1M | $116.0M |
| FCF MarginFCF / Revenue | -1.2% | 2.7% |
| Capex IntensityCapex / Revenue | 7.9% | 35.4% |
| Cash ConversionOCF / Net Profit | 1.31× | 2.16× |
| TTM Free Cash FlowTrailing 4 quarters | $394.5M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $319.3M | $1.6B | ||
| Q3 25 | $260.7M | $1.5B | ||
| Q2 25 | $378.5M | $1.7B | ||
| Q1 25 | $405.1M | $1.6B | ||
| Q4 24 | $785.6M | $1.5B | ||
| Q3 24 | $306.9M | $897.0M | ||
| Q2 24 | $695.7M | $1.6B | ||
| Q1 24 | $1.3B | $1.3B |
| Q4 25 | $-57.1M | $116.0M | ||
| Q3 25 | $15.6M | $-989.0M | ||
| Q2 25 | $129.7M | $910.0M | ||
| Q1 25 | $306.3M | $1.2B | ||
| Q4 24 | $359.2M | $915.0M | ||
| Q3 24 | $-193.8M | $563.0M | ||
| Q2 24 | $223.5M | $-567.0M | ||
| Q1 24 | $470.8M | $1.1B |
| Q4 25 | -1.2% | 2.7% | ||
| Q3 25 | 0.3% | -19.2% | ||
| Q2 25 | 2.8% | 20.1% | ||
| Q1 25 | 6.1% | 30.0% | ||
| Q4 24 | 4.8% | 24.3% | ||
| Q3 24 | -2.6% | 11.5% | ||
| Q2 24 | 2.9% | -13.8% | ||
| Q1 24 | 5.5% | 29.1% |
| Q4 25 | 7.9% | 35.4% | ||
| Q3 25 | 5.4% | 47.8% | ||
| Q2 25 | 5.4% | 18.4% | ||
| Q1 25 | 2.0% | 10.7% | ||
| Q4 24 | 5.6% | 14.7% | ||
| Q3 24 | 6.8% | 6.8% | ||
| Q2 24 | 6.2% | 52.1% | ||
| Q1 24 | 9.1% | 6.5% |
| Q4 25 | 1.31× | 2.16× | ||
| Q3 25 | 1.38× | 0.93× | ||
| Q2 25 | 1.10× | 1.44× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | 3.37× | 2.66× | ||
| Q3 24 | 2.32× | 0.81× | ||
| Q2 24 | 2.32× | 1.84× | ||
| Q1 24 | — | 3.69× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLTR
| Consumable | $2.4B | 50% |
| Variety | $2.1B | 43% |
| Seasonal | $344.1M | 7% |
RCL
| Passenger | $2.9B | 69% |
| Other | $1.3B | 31% |
