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MARKETS / COMPARE / DG VS WMT

DG vs WMT

Dollar General Corp. and Walmart Inc., side by side — 10 fiscal years reported in USD, drawn from SEC filings.

At a glance

Most recent reported year

DG vs WMT, at a glance
Metric DG WMT
Revenue$42.7B$713.2B
Net income$1.5B$21.9B
Gross margin30.7%24.9%
Net margin3.5%3.1%
Return on equity19.0%23.0%
Diluted EPS$6.85$2.73
Dividend / share$2.36$0.94
Payout ratio34.4%34.3%
Free cash flow$2.4B$14.9B
Equity$8.5B$99.6B
Net debt / equity0.40×0.28×
Current ratio1.13×0.79×
Revenue CAGR 5y4.8%5.0%
Profit CAGR 5y−10.6%10.1%

WMT bills 16.7× the revenue of DG, and DG keeps more of each dollar of revenue as profit (3.5% against 3.1%).

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.

Revenue by year

10 years side by side

DG vs WMT, revenue by year
Fiscal year DG WMT
FY2025$42.7B$713.2B
FY2024$40.6B$681.0B
FY2023$38.7B$648.1B
FY2022$37.8B$611.3B
FY2021$34.2B$572.8B
FY2020$33.7B$559.2B
FY2019$27.8B$524.0B
FY2018$25.6B$514.4B
FY2017$23.5B$500.3B
FY2016$22.0B$485.9B
Net income by year

Bottom line

DG vs WMT, net income by year
Fiscal year DG WMT
FY2025$1.5B$21.9B
FY2024$1.1B$19.4B
FY2023$1.7B$15.5B
FY2022$2.4B$11.7B
FY2021$2.4B$13.7B
FY2020$2.7B$13.5B
FY2019$1.7B$14.9B
FY2018$1.6B$6.7B
FY2017$1.5B$9.9B
FY2016$1.3B$13.6B
Revenue gap over time

17 fiscal years

Revenue gap over time
Fiscal year Difference Ahead
FY2025−$670,438,631,000WMT
FY2024−$640,372,692,000WMT
FY2023−$609,433,391,000WMT
FY2022−$573,444,137,000WMT
FY2021−$538,533,551,000WMT
FY2020−$525,404,161,000WMT
FY2019−$496,210,027,000WMT
FY2018−$488,779,957,000WMT
FY2017−$476,872,033,000WMT
FY2016−$463,886,402,000WMT
FY2015−$461,761,438,000WMT
FY2014−$466,741,412,000WMT
FY2013−$458,789,833,000WMT
FY2012−$452,628,872,000WMT
FY2011−$431,701,812,000WMT
FY2010−$408,814,000,000WMT
FY2009−$396,288,620,000WMT

WMT has reported the higher revenue in every one of these 17 fiscal years. 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.

Net margin gap over time

11 fiscal years

Net margin gap over time
Fiscal year Difference Ahead
FY2025+0.4 ppDG
FY2024−0.2 ppWMT
FY2023+1.8 ppDG
FY2022+4.5 ppDG
FY2021+4.6 ppDG
FY2020+5.4 ppDG
FY2019+3.3 ppDG
FY2018+4.8 ppDG
FY2017+4.5 ppDG
FY2016+2.7 ppDG
FY2015+2.6 ppDG

The higher net margin has changed hands between DG and WMT over this period.

11 of 19 comparable fiscal years — a year missing data on either side is not counted.

Net margin volatility

Standard deviation, each side

DG's net margin has been more volatile than WMT's over the 11 comparable fiscal years — 1.5 percentage points of standard deviation against 0.5.

11 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in net margin

Year by year

The lead in net margin changed hands between DG and WMT over these 11 fiscal years — DG led in 10 and WMT in 1.

11 of 19 comparable fiscal years — a year missing data on either side is not counted.

Return on equity volatility

Standard deviation, each side

DG's return on equity has been more volatile than WMT's over the 17 comparable fiscal years — 8.3 percentage points of standard deviation against 3.9.

17 of 19 comparable fiscal years — a year missing data on either side is not counted.

Who led in return on equity

Year by year

The lead in return on equity changed hands between DG and WMT over these 17 fiscal years — DG led in 9 and WMT in 8.

17 of 19 comparable fiscal years — a year missing data on either side is not counted.

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