Cash flow Dollarama Inc.

Equities

DOL

CA25675T1075

Discount Stores

Market Closed - Toronto S.E. Other stock markets 04:00:00 2026-01-20 pm EST			5-day change	1st Jan Change
196.69 ^CAD	+0.13%		-1.71%	-4.12%

Jan. 05	CIBC Brief: Published Its Top-10 Best Ideas For January; CCL; Ivanhoe; Nutrien; Dollarama; Gildan; Fairfax Financial; Great-West; Quebecor; Premium Brands; TFI	MT
Dec. 19	Stifel Canada Names Gildan, KITS, and Couche-Tard as Best Consumer Ideas For 2026	MT

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Published financial data: DOLLARAMA INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: February	2021	2022	2023	2024	2025
Revenues	4.03B	4.33B	5.05B	5.87B	6.41B
Total Revenues	4.03B	4.33B	5.05B	5.87B	6.41B
Cost of Goods Sold, Total	2.12B	2.28B	2.7B	3.08B	3.52B
Gross Profit	1.91B	2.05B	2.35B	2.78B	2.89B
Selling General & Admin Expenses, Total	798M	764M	871M	1.01B	930M
Depreciation & Amortization - (IS)	270M	298M	332M	348M	383M
Other Operating Expenses, Total	1.07B	1.06B	1.2B	1.36B	1.31B
Operating Income	841M	987M	1.15B	1.42B	1.58B
Interest Expense, Total	-95.65M	-91.22M	-115M	-172M	-192M
Interest And Investment Income	-	-	-	27.25M	28.47M
Net Interest Expenses	-95.65M	-91.22M	-115M	-145M	-164M
Income (Loss) On Equity Invest.	19.65M	33.18M	45.4M	75.29M	130M
EBT, Excl. Unusual Items	765M	929M	1.08B	1.35B	1.55B
Other Unusual Items	-	-35.5M	-1.59M	-	-
EBT, Incl. Unusual Items	765M	893M	1.08B	1.35B	1.55B
Income Tax Expense	201M	230M	274M	340M	378M
Earnings From Continuing Operations	564M	663M	802M	1.01B	1.17B
Net Income to Company	564M	663M	802M	1.01B	1.17B
Net Income - (IS)	564M	663M	802M	1.01B	1.17B
Net Income to Common Incl Extra Items	564M	663M	802M	1.01B	1.17B
Net Income to Common Excl. Extra Items	564M	663M	802M	1.01B	1.17B
Per Share Items
Net EPS - Basic	1.82	2.19	2.77	3.57	4.18
Basic EPS - Continuing Operations	1.82	2.19	2.77	3.57	4.18
Basic Weighted Average Shares Outstanding	311M	303M	289M	283M	280M
Net EPS - Diluted	1.81	2.18	2.76	3.56	4.16
Diluted EPS - Continuing Operations	1.81	2.18	2.76	3.56	4.16
Diluted Weighted Average Shares Outstanding	312M	304M	291M	284M	281M
Normalized Basic EPS	1.54	1.92	2.33	2.98	3.46
Normalized Diluted EPS	1.53	1.91	2.31	2.97	3.44
Dividend Per Share	0.18	0.2	0.22	0.28	0.37
Payout Ratio	9.7	9.12	7.85	7.53	8.32
American Depositary Receipts Ratio (ADR)	0.1	0.1	0.1	0.1	0.1
Supplemental Items
EBITDA	915M	1.07B	1.24B	1.52B	1.7B
EBITA	841M	987M	1.15B	1.42B	1.58B
EBIT	841M	987M	1.15B	1.42B	1.58B
EBITDAR	1.06B	1.22B	1.39B	1.69B	1.88B
Effective Tax Rate - (Ratio)	26.26	25.77	25.48	25.2	24.46
Current Domestic Taxes	-	-	-	-	-
Total Current Taxes	185M	211M	282M	351M	389M
Deferred Domestic Taxes	-	-	-	-	-
Total Deferred Taxes	15.84M	19.53M	-7.49M	-10.24M	-10.62M
Normalized Net Income	478M	581M	674M	844M	967M
Interest on Long-Term Debt	49.79M	48.61M	111M	157M	177M
Supplemental Operating Expense Items
Net Rental Expense, Total	144M	147M	153M	169M	188M
Imputed Operating Lease Interest Expense	32.1M	30.26M	35.99M	54.5M	63.78M
Imputed Operating Lease Depreciation	112M	116M	117M	115M	124M
Stock-Based Comp., Other (Total)	6.24M	8.62M	14.19M	13.1M	15.51M
Total Stock-Based Compensation	6.24M	8.62M	14.19M	13.1M	15.51M

Fiscal Period: February	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	439M	71.06M	101M	314M	123M
Short Term Investments	-	-	-	-	-
Trading Asset Securities, Total	-	-	-	1.98M	12.36M
Total Cash And Short Term Investments	439M	71.06M	101M	316M	135M
Accounts Receivable, Total	20.55M	26.26M	56.29M	32.47M	46.64M
Other Receivables	-	-	-	26.91M	54.62M
Total Receivables	20.55M	26.26M	56.29M	59.38M	101M
Inventory	631M	591M	957M	917M	921M
Prepaid Expenses	9.55M	13.14M	23.46M	13.67M	13.91M
Other Current Assets, Total	468K	15.99M	18.76M	3.34M	29.97M
Total Current Assets	1.1B	717M	1.16B	1.31B	1.2B
Gross Property Plant And Equipment	2.77B	2.86B	3.2B	3.54B	4.07B
Accumulated Depreciation	-716M	-615M	-702M	-798M	-910M
Net Property Plant And Equipment	2.05B	2.24B	2.5B	2.74B	3.16B
Long-term Investments	179M	212M	268M	319M	1.13B
Goodwill	728M	728M	728M	728M	728M
Other Intangibles, Total	162M	164M	165M	168M	181M
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	314K	290K	-	-	85.36M
Total Assets	4.22B	4.06B	4.82B	5.26B	6.48B
Liabilities
Accounts Payable, Total	66.69M	66.65M	103M	109M	117M
Accrued Expenses, Total	143M	163M	196M	179M	193M
Short-term Borrowings	-	89.39M	-	-	-
Current Portion of Long-Term Debt	833M	261M	516M	21.46M	274M
Current Portion of Leases	182M	201M	219M	235M	279M
Current Income Taxes Payable	12.98M	62.52M	72.57M	64M	81.37M
Other Current Liabilities	83.84M	69.28M	55.77M	69.45M	70.23M
Total Current Liabilities	1.32B	912M	1.16B	678M	1.01B
Long-Term Debt	1.04B	1.54B	1.74B	2.24B	2.01B
Long-Term Leases	1.4B	1.53B	1.74B	1.83B	2.15B
Deferred Tax Liability Non Current	122M	152M	145M	127M	123M
Other Non Current Liabilities	-	-	-	-	-
Total Liabilities	3.89B	4.13B	4.79B	4.88B	5.29B
Common Stock, Total	485M	479M	488M	523M	1.28B
Additional Paid In Capital	28.53M	32.92M	42.68M	49.54M	51.72M
Retained Earnings	-150M	-578M	-514M	-227M	-225M
Treasury Stock	-	-	-	-	-20M
Comprehensive Income and Other	-29.18M	-325K	11.74M	34.73M	106M
Total Common Equity	335M	-66.03M	28.41M	381M	1.19B
Total Equity	335M	-66.03M	28.41M	381M	1.19B
Total Liabilities And Equity	4.22B	4.06B	4.82B	5.26B	6.48B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	310M	293M	285M	279M	277M
ECS Total Common Shares Outstanding	310M	293M	285M	279M	277M
Book Value / Share	1.08	-0.23	0.1	1.37	4.29
Tangible Book Value	-555M	-958M	-864M	-515M	280M
Tangible Book Value Per Share	-1.79	-3.27	-3.04	-1.85	1.01
Total Debt	3.46B	3.62B	4.22B	4.33B	4.71B
Net Debt	3.02B	3.55B	4.12B	4.02B	4.57B
Debt Equivalent Oper. Leases	1.15B	1.17B	1.22B	1.35B	1.5B
Equity Method Investments, Total	179M	212M	268M	319M	1.13B
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Finished Goods, Total	-	-	-	-	-
Land - (BS)	70.34M	70.34M	70.34M	160M	218M
Buildings, Total	89.57M	89.65M	89.66M	89.7M	95.36M
Machinery, Total	638M	715M	785M	881M	952M
Full Time Employees	-	-	-	-	-
Part Time Employees	-	-	-	-	-

Fiscal Period: February	2021	2022	2023	2024	2025
Net Income	564M	663M	802M	1.01B	1.17B
Depreciation & Amortization - CF	251M	277M	310M	343M	385M
Depreciation & Amortization, Total	251M	277M	310M	343M	385M
Amortization of Deferred Charges, Total - (CF)	21.65M	22.78M	22.19M	22.91M	26.07M
(Gain) Loss From Sale Of Asset	-	-	-	-	-
(Income) Loss On Equity Investments - (CF)	-19.65M	-33.18M	-45.4M	-75.29M	-130M
Stock-Based Compensation (CF)	6.24M	8.62M	14.19M	13.1M	15.51M
Other Operating Activities, Total	10.31M	16.91M	118M	165M	186M
Change In Accounts Receivable	14.06M	-5.7M	-28.77M	24.11M	-12.5M
Change In Inventories	-7.16M	39.73M	-366M	40.36M	-4.28M
Change In Accounts Payable	33.73M	30.1M	46.24M	-10.38M	-10.34M
Change In Income Taxes	14.52M	49.54M	7.88M	-11.35M	20.61M
Change in Other Net Operating Assets	386K	-3.59M	-10.33M	9.79M	-242K
Cash from Operations	889M	1.07B	869M	1.53B	1.64B
Capital Expenditure	-140M	-137M	-134M	-253M	-213M
Sale of Property, Plant, and Equipment	593K	839K	278K	938K	736K
Sale (Purchase) of Real Estate properties	-	-	-	-	-
Sale (Purchase) of Intangible assets	-27.8M	-22.74M	-22.78M	-26.09M	-34.04M
Investment in Marketable and Equity Securities, Total	-97.28M	-	-	26.96M	22M
Other Investing Activities, Total	-	-	-	-	-
Cash from Investing	-265M	-159M	-157M	-251M	-224M
Short Term Debt Issued, Total	-	88.38M	-	-	-
Long-Term Debt Issued, Total	300M	750M	710M	514M	-
Total Debt Issued	300M	838M	710M	514M	-
Short Term Debt Repaid, Total	-	-	-88.38M	-	-
Long-Term Debt Repaid, Total	-464M	-1.01B	-504M	-785M	-318M
Total Debt Repaid	-464M	-1.01B	-592M	-785M	-318M
Issuance of Common Stock	32.4M	19.16M	19.24M	39.27M	19.77M
Repurchase of Common Stock	-87.04M	-1.06B	-689M	-656M	-1.09B
Common Dividends Paid	-54.77M	-60.46M	-62.98M	-76.13M	-97.24M
Common & Preferred Stock Dividends Paid	-54.77M	-60.46M	-62.98M	-76.13M	-97.24M
Other Financing Activities, Total	-2.66M	-4.17M	-68.03M	-104M	-125M
Cash from Financing	-276M	-1.28B	-682M	-1.07B	-1.61B
Net Change in Cash	349M	-368M	30.2M	213M	-191M
Supplemental Items
Cash Interest Paid	93.88M	91.81M	116M	167M	192M
Cash Income Tax Paid (Refund)	170M	161M	272M	362M	391M
Levered Free Cash Flow	593M	779M	492M	937M	1.01B
Unlevered Free Cash Flow	650M	833M	564M	1.04B	1.13B
Change In Net Working Capital	-16.01M	-69.5M	343M	-56.77M	33.07M
Net Debt Issued / Repaid	-164M	-170M	118M	-271M	-318M

Fiscal Period: February	2021	2022	2023	2024	2025
Profitability
Return on Assets	13.24	14.89	16.15	17.61	16.82
Return on Total Capital	14.82	16.79	18.4	19.81	18.62
Return On Equity %	465.14	493.39	-4.26K	493.8	148.94
Return on Common Equity	465.14	493.39	-4.26K	493.8	148.94
Margin Analysis
Gross Profit Margin %	47.41	47.31	46.53	47.43	45.12
SG&A Margin	19.81	17.64	17.25	17.28	14.5
EBITDA Margin %	22.73	24.72	24.55	25.98	26.46
EBITA Margin %	20.9	22.79	22.71	24.21	24.65
EBIT Margin %	20.9	22.79	22.71	24.21	24.65
Income From Continuing Operations Margin %	14.02	15.31	15.87	17.22	18.22
Net Income Margin %	14.02	15.31	15.87	17.22	18.22
Net Avail. For Common Margin %	14.02	15.31	15.87	17.22	18.22
Normalized Net Income Margin	11.88	13.41	13.33	14.39	15.08
Levered Free Cash Flow Margin	14.72	17.98	9.73	15.97	15.82
Unlevered Free Cash Flow Margin	16.14	19.24	11.15	17.8	17.69
Asset Turnover
Asset Turnover	1.01	1.05	1.14	1.16	1.09
Fixed Assets Turnover	2.02	2.02	2.13	2.24	2.18
Receivables Turnover (Average Receivables)	145.06	185.05	122.42	132.2	162.13
Inventory Turnover (Average Inventory)	3.38	3.74	3.49	3.29	3.83
Short Term Liquidity
Current Ratio	0.83	0.79	0.99	1.93	1.18
Quick Ratio	0.35	0.11	0.14	0.55	0.23
Operating Cash Flow to Current Liabilities	0.67	1.17	0.75	2.26	1.62
Days Sales Outstanding (Average Receivables)	2.51	1.97	2.97	2.75	2.29
Days Outstanding Inventory (Average Inventory)	107.79	97.44	104.28	110.57	96.87
Average Days Payable Outstanding	11.26	10.82	10.06	12.69	11.94
Cash Conversion Cycle (Average Days)	99.04	88.58	97.2	100.63	87.22
Long Term Solvency
Total Debt/Equity	1.03K	-5.48K	14.85K	1.14K	396.35
Total Debt / Total Capital	91.18	101.86	99.33	91.92	79.85
LT Debt/Equity	730.42	-4.64K	12.26K	1.07K	349.85
Long-Term Debt / Total Capital	64.44	86.35	82.02	86.49	70.49
Total Liabilities / Total Assets	92.07	101.62	99.41	92.76	81.67
EBIT / Interest Expense	8.8	10.82	9.95	8.25	8.22
EBITDA / Interest Expense	11.42	13.86	12.63	10.24	10.23
(EBITDA - Capex) / Interest Expense	9.95	12.36	11.47	8.78	9.12
Total Debt / EBITDA	3.17	2.86	2.89	2.46	2.4
Net Debt / EBITDA	2.77	2.8	2.83	2.28	2.33
Total Debt / (EBITDA - Capex)	3.64	3.21	3.19	2.87	2.69
Net Debt / (EBITDA - Capex)	3.17	3.14	3.11	2.66	2.61
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	6.31	7.56	16.67	16.12	9.3
Gross Profit, 1 Yr. Growth %	6.91	7.18	14.74	18.37	10.73
EBITDA, 1 Yr. Growth %	-0.45	7.13	15.88	23.02	11.33
EBITA, 1 Yr. Growth %	-1.93	6.66	16.29	23.94	11.29
EBIT, 1 Yr. Growth %	-1.93	6.66	16.29	23.94	11.29
Earnings From Cont. Operations, 1 Yr. Growth %	0.05	17.51	20.91	26.01	15.64
Net Income, 1 Yr. Growth %	0.05	17.51	20.91	26.01	15.64
Normalized Net Income, 1 Yr. Growth %	-0.65	9.37	16.02	25.53	14.51
Diluted EPS Before Extra, 1 Yr. Growth %	1.69	20.44	26.61	28.99	16.85
Accounts Receivable, 1 Yr. Growth %	-41.24	27.81	114.36	-42.31	43.62
Inventory, 1 Yr. Growth %	1.15	-6.3	61.98	-4.22	0.47
Net Property, Plant and Equip., 1 Yr. Growth %	6.55	9.15	11.61	9.47	15.2
Total Assets, 1 Yr. Growth %	13.65	-3.79	18.61	9.21	23.16
Tangible Book Value, 1 Yr. Growth %	-42.99	72.68	-9.8	-40.42	-154.35
Common Equity, 1 Yr. Growth %	-463.2	-119.72	-143.02	1.24K	212
Cash From Operations, 1 Yr. Growth %	21.38	19.95	-25.03	76.17	7.39
Capital Expenditures, 1 Yr. Growth %	21.29	-2.33	-1.99	88.49	-15.77
Levered Free Cash Flow, 1 Yr. Growth %	2.67	20.68	-36.69	93.8	8.3
Unlevered Free Cash Flow, 1 Yr. Growth %	1.93	18.65	-32.37	85.61	8.65
Dividend Per Share, 1 Yr. Growth %	1.7	12.4	9.94	28.03	29.94
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	6.52	6.93	12.02	16.4	12.66
Gross Profit, 2 Yr. CAGR %	5.64	7.13	10.9	16.54	10.95
EBITDA, 2 Yr. CAGR %	0.3	7.91	11.42	19.32	17.03
EBITA, 2 Yr. CAGR %	-0.23	7.26	11.37	19.97	17.44
EBIT, 2 Yr. CAGR %	-0.23	7.26	11.37	19.97	17.44
Earnings From Cont. Operations, 2 Yr. CAGR %	1.76	8.43	19.2	23.44	20.72
Net Income, 2 Yr. CAGR %	1.76	8.43	19.2	23.44	20.72
Normalized Net Income, 2 Yr. CAGR %	0.98	9.81	12.64	20.59	19.9
Diluted EPS Before Extra, 2 Yr. CAGR %	4.42	10.67	23.49	27.79	22.77
Accounts Receivable, 2 Yr. CAGR %	-24.29	-13.34	65.52	11.2	-8.98
Inventory, 2 Yr. CAGR %	4.16	-2.65	23.2	24.56	-1.9
Net Property, Plant and Equip., 2 Yr. CAGR %	6.99	7.85	10.38	10.54	12.3
Total Assets, 2 Yr. CAGR %	12.12	4.57	6.82	13.81	15.98
Tangible Book Value, 2 Yr. CAGR %	-31.84	-0.78	24.8	-26.69	-43.1
Common Equity, 2 Yr. CAGR %	2.72	-15.37	-70.87	140.16	546.73
Cash From Operations, 2 Yr. CAGR %	13.85	20.63	-1.11	14.92	37.55
Capital Expenditures, 2 Yr. CAGR %	-0.56	8.84	-2.16	35.92	26
Levered Free Cash Flow, 2 Yr. CAGR %	23.24	16.14	-12.72	9.84	44.88
Unlevered Free Cash Flow, 2 Yr. CAGR %	20.57	14.33	-10.42	11.94	42.01
Dividend Per Share, 2 Yr. CAGR %	5.77	6.92	11.16	18.64	28.98
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	7.22	6.87	10.09	13.37	13.98
Gross Profit, 3 Yr. CAGR %	6.05	6.2	9.61	13.33	12.2
EBITDA, 3 Yr. CAGR %	4.01	5.57	10.5	15.11	16.6
EBITA, 3 Yr. CAGR %	3.65	5.3	10.19	15.36	17
EBIT, 3 Yr. CAGR %	3.65	5.3	10.19	15.36	17
Earnings From Cont. Operations, 3 Yr. CAGR %	2.8	6.76	12.44	21.43	20.78
Net Income, 3 Yr. CAGR %	2.8	6.76	12.44	21.43	20.78
Normalized Net Income, 3 Yr. CAGR %	2.26	7.36	11.84	16.73	18.53
Diluted EPS Before Extra, 3 Yr. CAGR %	5.99	9.51	15.74	25.29	24.04
Accounts Receivable, 3 Yr. CAGR %	10.42	-9.85	17.2	16.48	21.1
Inventory, 3 Yr. CAGR %	8.71	0.55	15.36	13.28	15.95
Net Property, Plant and Equip., 3 Yr. CAGR %	61.13	7.71	9.09	10.07	12.07
Total Assets, 3 Yr. CAGR %	29.73	6.55	9.05	7.61	16.85
Tangible Book Value, 3 Yr. CAGR %	-20.96	-7.08	-3.88	-2.46	-33.65
Common Equity, 3 Yr. CAGR %	9.89	-40.74	-32.46	4.38	162.05
Cash From Operations, 3 Yr. CAGR %	11.74	15.83	5.86	19.88	12.35
Capital Expenditures, 3 Yr. CAGR %	16.07	-1.16	5.1	21.74	15.88
Levered Free Cash Flow, 3 Yr. CAGR %	7.2	25.89	-5.22	13.23	9.33
Unlevered Free Cash Flow, 3 Yr. CAGR %	8.84	23.07	-4.02	14.14	10.83
Dividend Per Share, 3 Yr. CAGR %	6.07	7.94	7.92	16.52	22.29
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	8.72	7.88	9.12	10.58	11.11
Gross Profit, 5 Yr. CAGR %	8.16	7.31	8	10.22	10.14
EBITDA, 5 Yr. CAGR %	9.19	9.07	8.81	10.87	13.04
EBITA, 5 Yr. CAGR %	8.9	8.86	8.72	10.94	13
EBIT, 5 Yr. CAGR %	8.9	8.86	8.72	10.94	13
Earnings From Cont. Operations, 5 Yr. CAGR %	7.94	8.28	9.07	13.14	15.68
Net Income, 5 Yr. CAGR %	7.94	8.28	9.07	13.14	15.68
Normalized Net Income, 5 Yr. CAGR %	7.71	8.69	8.53	12.47	14.96
Diluted EPS Before Extra, 5 Yr. CAGR %	12.6	12.01	12.67	16.48	18.5
Accounts Receivable, 5 Yr. CAGR %	13.07	11.28	29.82	-1.95	5.93
Inventory, 5 Yr. CAGR %	6.05	4.88	14.29	9.54	8.12
Net Property, Plant and Equip., 5 Yr. CAGR %	43.96	38.68	38.5	8.83	10.36
Total Assets, 5 Yr. CAGR %	18.42	16.87	20.03	9.4	11.77
Tangible Book Value, 5 Yr. CAGR %	7.06	4.63	-5.11	-15.49	-22.06
Common Equity, 5 Yr. CAGR %	-6.43	-8.02	-35.39	3.71	66.74
Cash From Operations, 5 Yr. CAGR %	14.63	16.11	6.4	17.42	17.55
Capital Expenditures, 5 Yr. CAGR %	10.97	0.8	8.4	12.27	13.01
Levered Free Cash Flow, 5 Yr. CAGR %	18.19	16.11	0.43	19.14	11.94
Unlevered Free Cash Flow, 5 Yr. CAGR %	19.28	16.51	2.26	18.49	12.22
Dividend Per Share, 5 Yr. CAGR %	7.74	8.04	8.08	12.1	15.9