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Canada's largest dollar-store discount retailer, selling everyday items at low fixed price points, with a stake in Latin America's Dollarcity.
Canada's largest dollar-store discount retailer, selling everyday items at low fixed price points, with a stake in Latin America's Dollarcity.
Sells goods at a handful of fixed low price points through stores it owns rather than franchises, with much of the stock imported straight from manufacturers, mainly in Asia, to keep costs low. Dollarcity, run with partners in Colombia, El Salvador, Guatemala and Peru, copies the model in Latin America.
In one line: Canada's Dollar Tree/Dollar General.
Moat: narrow (scale, distribution, brand). Large scale sourcing/logistics network and dense store footprint across Canada.
Headquarters: Montreal, Canada · Founded: 1992 · Employees: 28,300
Size Dollarama (DOL.TO) is a Canada Consumer Discretionary company (Department Stores) with a market value of $41.3B, the 29th largest of 420 Canada companies the cockpit tracks. Shares closed at C$215.49 on 6 Nov 2026.
Performance Over six months the shares gained 23.1%, against +8.0% for the median peer and +5.2% for the Canada market (cap-weighted) — 4th highest of 21 in its peer set.
Growth Revenue grew 17.9% over the last twelve months (peer median +1.1%); the operating margin is 22.8% (peer median 7.1%).
Valuation It trades at 40.3× forward earnings against a peer median of 14.7× (2nd most expensive of 19).
Price implies For today's price to make sense, revenue must grow about 7% a year for seven years (Req g). Recent delivered growth is +13%, so the hurdle is -6 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 14.0 points above its cost of capital (5.2% WACC).
Next results Next results expected around 16 Dec 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | C$7.88B | C$7.26B | C$6.41B | C$5.87B | C$5.05B |
| Revenue growth | — | +13% | +9% | +16% | — |
| Gross profit | C$3.03B | C$2.82B | C$2.49B | C$2.30B | C$1.89B |
| EBITDA | C$2.33B | C$2.19B | C$1.97B | C$1.82B | C$1.50B |
| Net income | C$1.37B | C$1.31B | C$1.17B | C$1.01B | C$802M |
| Free cash flow | C$1.49B | C$1.39B | C$1.33B | C$1.18B | C$671M |
| Capital expenditure | C$411M | C$279M | C$247M | C$279M | C$157M |
| Total debt | C$5.91B | C$5.40B | C$4.71B | C$4.33B | C$4.21B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Dollarama DOL.TO | $41.3B | +23% | +18% | 23% | 40.3× | 6.6% |
| Dollar Tree DLTR | $24.6B | +39% | -8% | 11% | 19.1× | 0.1% |
| Dollar General DG | $29.5B | +18% | +5% | 6% | 16.6× | 0.9% |
| Walmart WMT | $996B | -4% | +6% | 4% | 41.8× | 14.7% |
| Canadian Tire CTC-A.TO | $7.57B | +7% | +1% | 9% | 14.1× | 1.9% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | DOL.TO | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +16.2% | +1.4% | highest of 21 |
| 6-month return | +23.1% | +8.0% | 4th highest of 21 |
| Distance from 52-week high | -3.0% | -20.0% | 3rd highest of 21 |
| Revenue growth (TTM) | +17.9% | +1.1% | 3rd highest of 21 |
| Operating margin | 22.8% | 7.1% | highest of 21 |
| Forward P/E | 40.3× | 14.7× | 2nd most expensive of 19 |
| Growth the price implies (Req g, 7 yrs) | 6.6% | 1.7% | 2nd most demanding of 17 |
| Growth delivered (Del g) | +12.5% | +2.0% | 2nd highest of 17 |
| Hurdle (Req g minus delivered) | -5.9 pp | -2.2 pp | 7th least demanding of 17 |
| ROIC minus cost of capital | +14.0 pp | -0.1 pp | 3rd highest of 20 |
| EV / EBITDA | 27.2× | 9.3× | most expensive of 14 |
| Net debt / EBITDA | 2.3× | 2.2× | 8th least indebted of 15 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Dollarama DOL.TO | Canada | $41.3B | +23% | +18% | 23% | 40.3× | 6.6% | +12.5% |
| PDD Holdings Inc. Sponsored ADR PDD | United States | $117B | -16% | +14% | 22% | 7.5× | n/a | n/a |
| Marks and Spencer MKS.L | United Kingdom | $12.1B | +40% | +21% | 5% | 13.1× | 6.5% | +13.6% |
| Dillard's DDS | United States | $9.41B | +7% | 0% | 11% | 17.4× | 1.6% | +8.2% |
| Canadian Tire CTC-A.TO | Canada | $7.57B | +7% | +1% | 9% | 14.1× | 1.9% | +1.9% |
| Isetan Mitsukoshi 3099.T | Japan | $7.16B | +14% | 0% | 15% | 17.5× | 7.4% | -7.7% |
| Tokyu 9005.T | Japan | $6.14B | -3% | +5% | 9% | 10.0× | n/a | n/a |
| Macy's M | United States | $6.03B | +18% | 0% | 4% | 10.8× | -1.1% | +4.6% |
| Ollie's Bargain Outlet OLLI | United States | $5.37B | +10% | +14% | 12% | 19.8× | 1.5% | +7.9% |
| J Front Retailing 3086.T | Japan | $4.46B | +24% | -3% | 11% | 22.1× | 5.9% | +6.9% |
| Takashimaya 8233.T | Japan | $3.98B | +14% | +2% | 11% | 15.6× | 2.4% | -6.3% |
| Harvey Norman HVN.AX | Australia | $3.84B | +2% | +5% | 18% | 13.8× | 4.7% | +0.8% |
| CCOOP 000564.SZ | China | $3.55B | -23% | +19% | -46% | n/a | n/a | n/a |
| Kohl's KSS | United States | $2.61B | +59% | -3% | 4% | 15.3× | 0.0% | -0.5% |
| Ceconomy CEC.DE | Germany | $2.47B | +9% | +4% | 1% | 7.8× | 2.9% | +2.1% |
| H2O Retailing 8242.T | Japan | $2.10B | +17% | 0% | 5% | 12.3× | -9.7% | -1.6% |
| Beijing United Information Technology 603613.SS | China | $2.05B | -30% | -4% | 5% | n/a | n/a | n/a |
| Easyhome New Retail 000785.SZ | China | $1.97B | -18% | -23% | 3% | 19.3× | 1.0% | +4.4% |
| Seria 2782.T | Japan | $1.91B | +18% | +13% | 9% | 15.2× | -2.1% | +5.0% |
| Lotte Shopping 023530.KS | South Korea | $1.87B | -33% | +1% | 5% | 7.9× | 5.8% | -3.2% |
| Wangfujing 600859.SS | China | $1.65B | -21% | -10% | 5% | 244.5× | -13.6% | -2.4% |