Dillards Inc.

Retail-Department Stores

DDSStrong9 of 11 basics passed

$642.24

-1.01%

Market cap $10.0B

$642.24

-1.01%

Market cap $10.0B

Dillard's Inc is an American fashion apparel, cosmetics, and home furnishings retailer.

It is a $10.0B consumer company. Revenue shrank 16.8% over the last year, it keeps 11¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 14.7× earnings — in the most expensive third of its own history.

Website: dillards.com
Location: Little Rock, AR
Employees: 29 100
Sector: Consumer Cyclical
Founded: 1988

Share price · 3 years

$309.73 → $642.24+107.4%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $14.4B
Profit: keeps 11¢ of every $1 sold; $1.52B
Free cash flow: cash left after running the business; $1.55B
Net cash: more cash than debt; $804M
P/E: years of profit in the price; 14.7
EPS: earnings per share, TTM; $97.14
Dividend: pays out 71% of profit · 31% of FCF; 4.85%
Shares: down 24% since 2021 — buybacks; 15.6M
Volatility: beta vs the market — under 1 swings less; 1.07

Revenue, last 10 years

52-week range

Low $510.39$642.24High $730.73

Today's price is 60% of the way from the year's low to its high.

P/E vs its history5y

14.7×median 9.0×

Higher than 89% of past days — in the most expensive third of its own history.

Valuation vs own history

P/E

14.7×

11%

P/S

1.5×

EV/EBITDA

13.7×

33%

P/B

4.7×

13%

FCF yield

6.3%

Share of the last ~5 years that was pricier than today (unusually expensive vs its own history). Based on the daily valuation record.

Standing in Consumer Cyclical

Size$10.0Btop 76%
Revenue growth-2%top 84%
Net margin10%top 32%
Return on equity34%top 39%
P/E14.7×top 22%
Dividend yield4.85%top 5%

Ranked against 99 Consumer Cyclical companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong valuation, profitability, health and quality; Growth lags behind.

Valuation75

P/E vs own history89th pct · 0/25
FCF yield15.4% · 25/25
P/S1.5x · 25/25
EV/EBITDA9.7x · 25/25

Growth0

Revenue CAGR-1.6% · 0/25
Net income CAGR-10.6% · 0/25
EPS CAGR ~5Y-20.8% · 0/25
Fwd implied growth-20.8% · 0/25

Profitability82

ROIC45.5% · 25/25
ROE34.2% · 25/25
Net margin10.5% · 20/25
Operating margin12.4% · 12/25

Health100

Altman Z7.86 · 25/25
Current ratio3.03 · 25/25
Interest coverage37.3x · 25/25
Net cash / debtNet cash · 25/25

Quality80

Piotroski F4/9 · 10/25
Beneish M-3.04 · 25/25
FCF conversion109% · 25/25
Margin stabilityσ 7.3% · 20/25

Moat56

ROIC >12% years11/12 yrs · 25/25
Median gross margin41.6% · 13/25
FCF-positive years11/12 yrs · 18/25
Worst-year net marginworst -5.5% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

2025Acquisition
In a partnership with Trademark Property, Dillard's purchased Longview Mall in Longview, Texas in 2025
FY2022Financial
Best year on record
$2.16B net income
FY2021Financial
Positive free cash flow every year since
7-year streak
FY2019Financial
Revenue crossed $10B
$15.2B for the year
FY2016Financial
First recorded profitable year
$448M net income
FY2016Financial
Revenue already above $1B
$6.42B in first reported year
2006Acquisition
Macy & Co.'s Midwest Division, which was later dissolved in 2006, were acquired in early 1986
1988Founded
Dillard's in 1988 acquired the former Selber Bros. clothing department store chain, founded in 1907 in Shreveport,…
1987Acquisition
Dillard's purchased 26 of Joske's 27 stores in Texas and Arizona and the four-unit Cain-Sloan chain in…
1984Acquisition
Dillard's acquired 12 Stix, Baer & Fuller stores in St
1974Acquisition
Five Leonard's stores were acquired in Fort Worth, and a commitment to open a new downtown Fort Worth store…
1974Milestone
Also in 1974, the former Brown-Dunkin, Blass, Pfeifer and Mayer & Schmidt stores were fully renamed Dillard's
1971Acquisition
Five Texas units were acquired from Fedway, a division of Federated Department Stores
1969IPO
The company's stock went public in 1969, as "Dillard Department Stores, Inc." During the 1970s, Dillard's…
1956Acquisition
Dillard led an investment group that acquired the Mayer & Schmidt store in Tyler, Texas

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2021 would be worth ~$30 574 today — price return only

$4.7B revenue in FY2027

Profitable 7 years in a row

Positive free cash flow 7 years in a row

29 100 employees

ROIC of 45.5%

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (41.2%)
Net cash position after subtracting debt from cash
Interest covered 37.3× by operating earnings
High returns on invested capital (ROIC 45.5%)
Altman Z-Score 7.86 — low bankruptcy-risk zone

Watch-outs

Revenue shrinking 16.8% year over year
Loss-making in 1 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

9 of 11 checks passed

Revenue growing — the company sells more than a year ago-16.8% YoY
Profitable — makes more than it spends$1.52B TTM
Profit growing — earnings are higher than last year-6.6% YoY
Generates cash — cash left after running and investing$1.55B TTM
Debt under control — could handle its obligationsmore cash than debt
Established company — not a micro-cap — lower blow-up risk$10.0B market cap
Not printing shares — share count not ballooning — you keep your slice-11.0% shares over ~5y
Proven track record — years of profitability behind it11/12 profitable years
Financially stable — balance sheet not near distressAltman Z 7.9 — safe
Pays a dividend — returns cash to shareholdersyield 4.85%
Valuation not extreme — price not wildly above earningsP/E 14.7

Peer comparisonDillards Inc. vs 6 largest consumer cyclical peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
DDS this company	$10.0B	14.7	-16.8%	10.5%	Strong
AMZN Amazon.Com Inc	$2.8T	20.9	+15.8%	17.4%	Mixed
TSLA Tesla, Inc.	$1.5T	397.1	+11.8%	3.7%	Strong
NFLX NetFlix Inc	$292.8B	21.4	+16.0%	28.2%	Solid
HD Home Depot, Inc.	$290.4B	20.4	-16.0%	8.7%	Solid
DIS The Walt Disney Company	$186.5B	21.7	+4.6%	8.7%	Solid
MCD McDonald's Corporation	$166.9B	18.9	+6.3%	31.7%	Strained

Head-to-head: DDS vs AMZN · DDS vs TSLA · DDS vs NFLX

References

What covering analysts publish about the company — information only, not a recommendation.

Hold 4Sell 6Strong sell 1

Appendix · Financial records

The full statements behind this CV, FY2016–FY2027. For readers who want to check the numbers.

Profit & lossRevenue $14.4B · net income $1.52B (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2027 revenue flows to profit

RevenueNet income

Revenue (TTM)

$14.4B

YoY -16.8%

Net income (TTM)

$1.52B

Margin 10.5%

Gross margin

41.2%

Operating margin

12.4%

P/E ratio

14.7

Dividend yield

4.85%

Income statement — full detail

Figures in USD billions · EPS in USD

	2022	2023	2024	2025	2026	2027
Revenue	16.7	16.4	16.1	15.8	15.8	4.7
Gross profit	7.4	7.0	6.8	6.5	6.6	2.0
Operating income (EBIT)	2.2	2.2	2.0	1.9	1.7	0.5
Net income	2.2	1.8	1.6	1.3	1.5	0.6
EPS (diluted)	123.07	106.65	93.99	85.41	98.07	38.34

Cash flowFree cash flow $1.55B · operating cash flow $1.73B (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$1.55B

Margin 10.7%

Operating cash flow (TTM)

$1.73B

FCF margin

9.5%

Cash flow statement — full detail

Figures in USD billions

	2022	2023	2024	2025	2026	2027
Operating cash flow	2.2	2.0	1.7	1.8	1.9	0.7
Capital expenditure	-0.3	-0.3	-0.3	-0.2	-0.2	-0.1
Free cash flow	1.8	1.7	1.3	1.5	1.7	0.6
FCF margin	11.0%	10.2%	8.3%	9.8%	10.7%	13.5%

Balance sheetAssets $3.75B · net cash $804M (FY2027)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $3.75B of assets is financed

43%

57%

Liabilities $1.63B — borrowed moneyEquity $2.12B — owners' stake

Cash vs debt

Total debt $457M − cash $1.26B = net cash $804M

Cash on hand covers all debt.

Altman Z-Score

7.86

Safe zone

Debt repayment

Not needed

Cash already covers all debt

Interest coverage

37.3x

EBIT ÷ interest expense

ROE

34.2%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2022	2023	2024	2025	2026	2027
Cash & equivalents	0.7	0.8	1.0	0.9	1.1	1.3
Total assets	3.3	3.4	3.4	3.5	3.5	3.7
Total liabilities	1.7	1.8	1.8	1.7	1.7	1.6
Total debt	—	—	0.6	—	0.6	0.5
Equity	1.6	1.7	1.7	1.8	1.8	2.1
Net debt	—	—	-0.4	—	-0.5	-0.8

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of DDS on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $642.24 · market cap $10.0B.