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Side-by-side financial comparison of Dollar Tree (DLTR) and Smurfit Westrock (SW). Click either name above to swap in a different company.
Smurfit Westrock is the larger business by last-quarter revenue ($7.6B vs $4.7B, roughly 1.6× Dollar Tree). Dollar Tree runs the higher net margin — 5.2% vs 1.3%, a 3.9% gap on every dollar of revenue. On growth, Smurfit Westrock posted the faster year-over-year revenue change (0.5% vs -37.2%). Smurfit Westrock produced more free cash flow last quarter ($612.0M vs $-57.1M). Over the past eight quarters, Smurfit Westrock's revenue compounded faster (60.8% 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.
Smurfit Westrock plc is an Irish company based in Dublin, Ireland that manufactures corrugated and paper-based packaging. Its stock is listed on the New York Stock Exchange and the London Stock Exchange.
DLTR vs SW — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $4.7B | $7.6B |
| Net Profit | $244.6M | $97.0M |
| Gross Margin | 35.8% | 18.2% |
| Operating Margin | 7.2% | 5.1% |
| Net Margin | 5.2% | 1.3% |
| Revenue YoY | -37.2% | 0.5% |
| Net Profit YoY | 4.8% | -33.6% |
| EPS (diluted) | $1.20 | $0.18 |
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 | $7.6B | ||
| Q3 25 | $4.6B | $8.0B | ||
| Q2 25 | $4.6B | $7.9B | ||
| Q1 25 | $5.0B | $7.7B | ||
| Q4 24 | $7.6B | $7.5B | ||
| Q3 24 | $7.4B | $7.7B | ||
| Q2 24 | $7.6B | $3.0B | ||
| Q1 24 | $8.6B | $2.9B |
| Q4 25 | $244.6M | $97.0M | ||
| Q3 25 | $188.4M | $246.0M | ||
| Q2 25 | $343.4M | $-28.0M | ||
| Q1 25 | $-3.7B | $384.0M | ||
| Q4 24 | $233.3M | $146.0M | ||
| Q3 24 | $132.4M | $-150.0M | ||
| Q2 24 | $300.1M | $132.0M | ||
| Q1 24 | $-1.7B | $191.0M |
| Q4 25 | 35.8% | 18.2% | ||
| Q3 25 | 34.4% | 19.6% | ||
| Q2 25 | 35.6% | 19.1% | ||
| Q1 25 | 37.6% | 20.6% | ||
| Q4 24 | 30.9% | 19.1% | ||
| Q3 24 | 30.0% | 17.6% | ||
| Q2 24 | 30.8% | 23.3% | ||
| Q1 24 | 32.1% | 24.2% |
| Q4 25 | 7.2% | 5.1% | ||
| Q3 25 | 5.1% | 6.6% | ||
| Q2 25 | 8.3% | 3.2% | ||
| Q1 25 | — | 7.2% | ||
| Q4 24 | 4.4% | 5.3% | ||
| Q3 24 | 2.8% | 0.7% | ||
| Q2 24 | 5.5% | 8.2% | ||
| Q1 24 | -21.9% | 10.5% |
| Q4 25 | 5.2% | 1.3% | ||
| Q3 25 | 4.1% | 3.1% | ||
| Q2 25 | 7.4% | -0.4% | ||
| Q1 25 | -74.0% | 5.0% | ||
| Q4 24 | 3.1% | 1.9% | ||
| Q3 24 | 1.8% | -2.0% | ||
| Q2 24 | 3.9% | 4.4% | ||
| Q1 24 | -19.8% | 6.5% |
| Q4 25 | $1.20 | $0.18 | ||
| Q3 25 | $0.91 | $0.47 | ||
| Q2 25 | $1.61 | $-0.05 | ||
| Q1 25 | $-17.17 | $0.73 | ||
| Q4 24 | $1.08 | $-0.12 | ||
| Q3 24 | $0.62 | $-0.30 | ||
| Q2 24 | $1.38 | $0.51 | ||
| Q1 24 | $-7.78 | $0.73 |
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 | $892.0M |
| Total DebtLower is stronger | — | $13.4B |
| Stockholders' EquityBook value | $3.5B | $18.3B |
| Total Assets | $13.7B | $45.2B |
| Debt / EquityLower = less leverage | — | 0.73× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $594.8M | $892.0M | ||
| Q3 25 | $666.3M | $851.0M | ||
| Q2 25 | $1.0B | $778.0M | ||
| Q1 25 | $1.3B | $797.0M | ||
| Q4 24 | $697.6M | $855.0M | ||
| Q3 24 | $570.3M | — | ||
| Q2 24 | $618.5M | $26.8K | ||
| Q1 24 | $684.9M | $108 |
| Q4 25 | — | $13.4B | ||
| Q3 25 | — | $13.3B | ||
| Q2 25 | — | $13.3B | ||
| Q1 25 | $3.4B | $12.9B | ||
| Q4 24 | — | $12.5B | ||
| Q3 24 | — | $13.2B | ||
| Q2 24 | — | — | ||
| Q1 24 | $3.4B | — |
| Q4 25 | $3.5B | $18.3B | ||
| Q3 25 | $3.6B | $18.4B | ||
| Q2 25 | $3.9B | $18.3B | ||
| Q1 25 | $4.0B | $17.9B | ||
| Q4 24 | $7.6B | $17.4B | ||
| Q3 24 | $7.4B | $18.0B | ||
| Q2 24 | $7.3B | $14.5K | ||
| Q1 24 | $7.3B | $108 |
| Q4 25 | $13.7B | $45.2B | ||
| Q3 25 | $13.4B | $45.6B | ||
| Q2 25 | $18.3B | $45.7B | ||
| Q1 25 | $18.6B | $44.6B | ||
| Q4 24 | $23.3B | $43.8B | ||
| Q3 24 | $22.6B | $45.0B | ||
| Q2 24 | $22.1B | $26.8K | ||
| Q1 24 | $22.0B | $108 |
| Q4 25 | — | 0.73× | ||
| Q3 25 | — | 0.72× | ||
| Q2 25 | — | 0.73× | ||
| Q1 25 | 0.86× | 0.72× | ||
| Q4 24 | — | 0.72× | ||
| Q3 24 | — | 0.73× | ||
| 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 | $1.2B |
| Free Cash FlowOCF − Capex | $-57.1M | $612.0M |
| FCF MarginFCF / Revenue | -1.2% | 8.1% |
| Capex IntensityCapex / Revenue | 7.9% | 7.7% |
| Cash ConversionOCF / Net Profit | 1.31× | 12.32× |
| TTM Free Cash FlowTrailing 4 quarters | $394.5M | $1.2B |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $319.3M | $1.2B | ||
| Q3 25 | $260.7M | $1.1B | ||
| Q2 25 | $378.5M | $829.0M | ||
| Q1 25 | $405.1M | $235.0M | ||
| Q4 24 | $785.6M | $781.0M | ||
| Q3 24 | $306.9M | $320.0M | ||
| Q2 24 | $695.7M | $340.0M | ||
| Q1 24 | $1.3B | $42.0M |
| Q4 25 | $-57.1M | $612.0M | ||
| Q3 25 | $15.6M | $523.0M | ||
| Q2 25 | $129.7M | $307.0M | ||
| Q1 25 | $306.3M | $-242.0M | ||
| Q4 24 | $359.2M | $212.0M | ||
| Q3 24 | $-193.8M | $-192.0M | ||
| Q2 24 | $223.5M | $163.0M | ||
| Q1 24 | $470.8M | $-166.0M |
| Q4 25 | -1.2% | 8.1% | ||
| Q3 25 | 0.3% | 6.5% | ||
| Q2 25 | 2.8% | 3.9% | ||
| Q1 25 | 6.1% | -3.2% | ||
| Q4 24 | 4.8% | 2.8% | ||
| Q3 24 | -2.6% | -2.5% | ||
| Q2 24 | 2.9% | 5.5% | ||
| Q1 24 | 5.5% | -5.7% |
| Q4 25 | 7.9% | 7.7% | ||
| Q3 25 | 5.4% | 7.6% | ||
| Q2 25 | 5.4% | 6.6% | ||
| Q1 25 | 2.0% | 6.2% | ||
| Q4 24 | 5.6% | 7.5% | ||
| Q3 24 | 6.8% | 6.7% | ||
| Q2 24 | 6.2% | 6.0% | ||
| Q1 24 | 9.1% | 7.1% |
| Q4 25 | 1.31× | 12.32× | ||
| Q3 25 | 1.38× | 4.61× | ||
| Q2 25 | 1.10× | — | ||
| Q1 25 | — | 0.61× | ||
| Q4 24 | 3.37× | 5.35× | ||
| Q3 24 | 2.32× | — | ||
| Q2 24 | 2.32× | 2.58× | ||
| Q1 24 | — | 0.22× |
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% |
SW
| Packaging | $3.3B | 43% |
| Other | $3.2B | 43% |
| Paper | $1.1B | 14% |
