DG vs M
Dollar General Corp. and Macy's, Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.
Most recent reported year
| Metric | DG | M |
|---|---|---|
| Revenue | $42.7B | $22.6B |
| Net income | $1.5B | $642.0M |
| Gross margin | 30.7% | 40.3% |
| Net margin | 3.5% | 2.8% |
| Return on equity | 19.0% | 13.6% |
| Diluted EPS | $6.85 | $2.32 |
| Dividend / share | $2.36 | $0.73 |
| Payout ratio | 34.4% | 30.7% |
| Free cash flow | $2.4B | $1.1B |
| Equity | $8.5B | $4.9B |
| Net debt / equity | 0.40× | 0.24× |
| Current ratio | 1.13× | 1.49× |
| Revenue CAGR 5y | 4.8% | 5.5% |
| Profit CAGR 5y | −10.6% | · |
DG bills 1.9× the revenue of M, and keeps more of each dollar of revenue as profit (3.5% against 2.8%).
The stronger figure of the pair is set in bold. That is arithmetic, not a recommendation — this page does not pick a winner. "·" marks a figure not available in our data.
10 years side by side
| Fiscal year | DG | M |
|---|---|---|
| FY2025 | $42.7B | $22.6B |
| FY2024 | $40.6B | $23.0B |
| FY2023 | $38.7B | $23.9B |
| FY2022 | $37.8B | $25.4B |
| FY2021 | $34.2B | $25.4B |
| FY2020 | $33.7B | $17.3B |
| FY2019 | $27.8B | $24.6B |
| FY2018 | $25.6B | $25.0B |
| FY2017 | $23.5B | $24.9B |
| FY2016 | $22.0B | $25.9B |
Bottom line
| Fiscal year | DG | M |
|---|---|---|
| FY2025 | $1.5B | $642.0M |
| FY2024 | $1.1B | $582.0M |
| FY2023 | $1.7B | $45.0M |
| FY2022 | $2.4B | $1.1B |
| FY2021 | $2.4B | $1.4B |
| FY2020 | $2.7B | $-3.9B |
| FY2019 | $1.7B | $564.0M |
| FY2018 | $1.6B | $1.1B |
| FY2017 | $1.5B | $1.6B |
| FY2016 | $1.3B | $627.0M |
17 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +$20,103,369,000 | DG |
| FY2024 | +$17,606,308,000 | DG |
| FY2023 | +$14,825,609,000 | DG |
| FY2022 | +$12,395,863,000 | DG |
| FY2021 | +$8,821,449,000 | DG |
| FY2020 | +$16,400,839,000 | DG |
| FY2019 | +$3,193,973,000 | DG |
| FY2018 | +$654,043,000 | DG |
| FY2017 | −$1,468,033,000 | M |
| FY2016 | −$3,921,402,000 | M |
| FY2015 | −$6,710,438,000 | M |
| FY2014 | −$9,195,412,000 | M |
| FY2013 | −$10,426,833,000 | M |
| FY2012 | −$11,663,872,000 | M |
| FY2011 | −$11,597,812,000 | M |
| FY2010 | −$11,968,000,000 | M |
| FY2009 | −$11,692,620,000 | M |
The higher-revenue side has changed between DG and M over this period. The gap has widened since the earliest year compared.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
11 fiscal years
| Fiscal year | Difference | Ahead |
|---|---|---|
| FY2025 | +0.7 pp | DG |
| FY2024 | +0.2 pp | DG |
| FY2023 | +4.1 pp | DG |
| FY2022 | +1.9 pp | DG |
| FY2021 | +1.4 pp | DG |
| FY2020 | +30.6 pp | DG |
| FY2019 | +3.9 pp | DG |
| FY2018 | +1.8 pp | DG |
| FY2017 | +0.3 pp | DG |
| FY2016 | +3.3 pp | DG |
| FY2015 | +1.8 pp | DG |
DG has kept the higher net margin in every one of these 11 fiscal years.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's net margin has been more volatile than DG's over the 11 comparable fiscal years — 7.7 percentage points of standard deviation against 1.5.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
DG led in net margin in every one of the 11 comparable fiscal years — a structural lead, not a recent swing.
11 of 19 comparable fiscal years — a year missing data on either side is not counted.
Standard deviation, each side
M's return on equity has been more volatile than DG's over the 17 comparable fiscal years — 27.4 percentage points of standard deviation against 8.3.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.
Year by year
The lead in return on equity changed hands between DG and M over these 17 fiscal years — DG led in 10 and M in 7.
17 of 19 comparable fiscal years — a year missing data on either side is not counted.