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Side-by-side financial comparison of Dollar Tree (DLTR) and SHOPIFY INC. (SHOP). Click either name above to swap in a different company.
Dollar Tree is the larger business by last-quarter revenue ($4.7B vs $3.7B, roughly 1.3× SHOPIFY INC.). SHOPIFY INC. runs the higher net margin — 20.2% vs 5.2%, a 15.1% gap on every dollar of revenue. On growth, SHOPIFY INC. posted the faster year-over-year revenue change (30.6% vs -37.2%). SHOPIFY INC. produced more free cash flow last quarter ($715.0M vs $-57.1M). Over the past eight quarters, SHOPIFY INC.'s revenue compounded faster (40.5% 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.
Shopify Inc., stylized as shopify, is a Canadian multinational e-commerce company headquartered in Ottawa, Ontario that operates a platform for retail point-of-sale systems. The company has over 5 million customers and processed US$292.3 billion in transactions in 2024, of which 57% was in the United States. Major customers include Tesla, LVMH, Nestlé, PepsiCo, AB InBev, Kraft Heinz, Lindt, Whole Foods Market, Red Bull, and Hyatt.
DLTR vs SHOP — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $3.7B |
| Net Profit | $244.6M | $743.0M |
| Gross Margin | 35.8% | 46.1% |
| Operating Margin | 7.2% | 17.2% |
| Net Margin | 5.2% | 20.2% |
| Revenue YoY | -37.2% | 30.6% |
| Net Profit YoY | 4.8% | -42.5% |
| EPS (diluted) | $1.20 | $0.58 |
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 | $3.7B | ||
| Q3 25 | $4.6B | $2.8B | ||
| Q2 25 | $4.6B | $2.7B | ||
| Q1 25 | $5.0B | $2.4B | ||
| Q4 24 | $7.6B | $2.8B | ||
| Q3 24 | $7.4B | $2.2B | ||
| Q2 24 | $7.6B | $2.0B | ||
| Q1 24 | $8.6B | $1.9B |
| Q4 25 | $244.6M | $743.0M | ||
| Q3 25 | $188.4M | $264.0M | ||
| Q2 25 | $343.4M | $906.0M | ||
| Q1 25 | $-3.7B | $-682.0M | ||
| Q4 24 | $233.3M | $1.3B | ||
| Q3 24 | $132.4M | $828.0M | ||
| Q2 24 | $300.1M | $171.0M | ||
| Q1 24 | $-1.7B | $-273.0M |
| Q4 25 | 35.8% | 46.1% | ||
| Q3 25 | 34.4% | 48.9% | ||
| Q2 25 | 35.6% | 48.6% | ||
| Q1 25 | 37.6% | 49.5% | ||
| Q4 24 | 30.9% | 48.1% | ||
| Q3 24 | 30.0% | 51.7% | ||
| Q2 24 | 30.8% | 51.1% | ||
| Q1 24 | 32.1% | 51.4% |
| Q4 25 | 7.2% | 17.2% | ||
| Q3 25 | 5.1% | 12.1% | ||
| Q2 25 | 8.3% | 10.9% | ||
| Q1 25 | — | 8.6% | ||
| Q4 24 | 4.4% | 16.5% | ||
| Q3 24 | 2.8% | 13.1% | ||
| Q2 24 | 5.5% | 11.8% | ||
| Q1 24 | -21.9% | 4.6% |
| Q4 25 | 5.2% | 20.2% | ||
| Q3 25 | 4.1% | 9.3% | ||
| Q2 25 | 7.4% | 33.8% | ||
| Q1 25 | -74.0% | -28.9% | ||
| Q4 24 | 3.1% | 46.0% | ||
| Q3 24 | 1.8% | 38.3% | ||
| Q2 24 | 3.9% | 8.4% | ||
| Q1 24 | -19.8% | -14.7% |
| Q4 25 | $1.20 | $0.58 | ||
| Q3 25 | $0.91 | $0.20 | ||
| Q2 25 | $1.61 | $0.69 | ||
| Q1 25 | $-17.17 | $-0.53 | ||
| Q4 24 | $1.08 | $0.99 | ||
| Q3 24 | $0.62 | $0.64 | ||
| Q2 24 | $1.38 | $0.13 | ||
| Q1 24 | $-7.78 | $-0.21 |
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 | $5.8B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.5B | $13.5B |
| Total Assets | $13.7B | $15.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $594.8M | $5.8B | ||
| Q3 25 | $666.3M | $6.3B | ||
| Q2 25 | $1.0B | $5.8B | ||
| Q1 25 | $1.3B | $5.5B | ||
| Q4 24 | $697.6M | $5.5B | ||
| Q3 24 | $570.3M | — | ||
| Q2 24 | $618.5M | — | ||
| Q1 24 | $684.9M | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $3.4B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $3.4B | — |
| Q4 25 | $3.5B | $13.5B | ||
| Q3 25 | $3.6B | $12.5B | ||
| Q2 25 | $3.9B | $12.1B | ||
| Q1 25 | $4.0B | $11.1B | ||
| Q4 24 | $7.6B | $11.6B | ||
| Q3 24 | $7.4B | $10.1B | ||
| Q2 24 | $7.3B | $9.2B | ||
| Q1 24 | $7.3B | $8.9B |
| Q4 25 | $13.7B | $15.2B | ||
| Q3 25 | $13.4B | $15.0B | ||
| Q2 25 | $18.3B | $14.6B | ||
| Q1 25 | $18.6B | $13.4B | ||
| Q4 24 | $23.3B | $13.9B | ||
| Q3 24 | $22.6B | — | ||
| Q2 24 | $22.1B | — | ||
| Q1 24 | $22.0B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.47× | — |
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 | $725.0M |
| Free Cash FlowOCF − Capex | $-57.1M | $715.0M |
| FCF MarginFCF / Revenue | -1.2% | 19.5% |
| Capex IntensityCapex / Revenue | 7.9% | 0.3% |
| Cash ConversionOCF / Net Profit | 1.31× | 0.98× |
| TTM Free Cash FlowTrailing 4 quarters | $394.5M | $2.0B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $319.3M | $725.0M | ||
| Q3 25 | $260.7M | $513.0M | ||
| Q2 25 | $378.5M | $428.0M | ||
| Q1 25 | $405.1M | $367.0M | ||
| Q4 24 | $785.6M | $615.0M | ||
| Q3 24 | $306.9M | $423.0M | ||
| Q2 24 | $695.7M | $340.0M | ||
| Q1 24 | $1.3B | $238.0M |
| Q4 25 | $-57.1M | $715.0M | ||
| Q3 25 | $15.6M | $507.0M | ||
| Q2 25 | $129.7M | $422.0M | ||
| Q1 25 | $306.3M | $363.0M | ||
| Q4 24 | $359.2M | $611.0M | ||
| Q3 24 | $-193.8M | $421.0M | ||
| Q2 24 | $223.5M | $333.0M | ||
| Q1 24 | $470.8M | $232.0M |
| Q4 25 | -1.2% | 19.5% | ||
| Q3 25 | 0.3% | 17.8% | ||
| Q2 25 | 2.8% | 15.7% | ||
| Q1 25 | 6.1% | 15.4% | ||
| Q4 24 | 4.8% | 21.7% | ||
| Q3 24 | -2.6% | 19.5% | ||
| Q2 24 | 2.9% | 16.3% | ||
| Q1 24 | 5.5% | 12.5% |
| Q4 25 | 7.9% | 0.3% | ||
| Q3 25 | 5.4% | 0.2% | ||
| Q2 25 | 5.4% | 0.2% | ||
| Q1 25 | 2.0% | 0.2% | ||
| Q4 24 | 5.6% | 0.1% | ||
| Q3 24 | 6.8% | 0.1% | ||
| Q2 24 | 6.2% | 0.3% | ||
| Q1 24 | 9.1% | 0.3% |
| Q4 25 | 1.31× | 0.98× | ||
| Q3 25 | 1.38× | 1.94× | ||
| Q2 25 | 1.10× | 0.47× | ||
| Q1 25 | — | — | ||
| Q4 24 | 3.37× | 0.48× | ||
| Q3 24 | 2.32× | 0.51× | ||
| Q2 24 | 2.32× | 1.99× | ||
| Q1 24 | — | — |
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% |
SHOP
| Services | $2.9B | 79% |
| Subscription And Circulation | $777.0M | 21% |
