Capital Intensity
Score how much of a company is physical plant, inventory, and equipment, whether that base is being maintained, and whether the shares have tangible backing.
Dollar General Corporation
Physical assets are 76.9% of total assets, a heavy footprint. Capex is 1.19x depreciation and free cash flow yield is still positive, which fits a physical base that is being replaced or expanded without consuming all of its cash. ROIC is 14.2%, above an 8% cost-of-capital hurdle.
Fixed-asset turnover is 2.45x. Compare it with other names in the same basket.
Physical asset ratio
76.9%
Net PP&E plus inventory, divided by total assets. Above 50% is a heavy footprint.
Fixed asset turnover
2.45x
Revenue per dollar of the physical asset base.
Capex / D&A
1.19x
Above 1.0x means the physical base is being replaced or expanded.
Tangible book / share
$13.47
Assets minus goodwill, intangibles, and liabilities, per share.
Price / tangible book
9.98x
Price $134.33.
Fixed-charge coverage
8.17x
EBITDA minus capex, divided by interest plus short-term debt.
FCF yield
8.1%
Latest free cash flow divided by current market cap ($29.64B).
ROIC
14.2%
After-tax operating income over equity plus debt minus cash.
Operating income / net PP&E is 0.13x.
Footprint and return
Turnover and reinvestment
| Year | Physical | FAT | Capex/D&A | TBV/sh | Coverage | FCF | ROIC | EBIT/PP&E |
|---|---|---|---|---|---|---|---|---|
| 2019 | 53.5% | 8.63x | 1.62x | $3.30 | 18.02x | $1.41B | 18.4% | 0.71x |
| 2020 | 73.4% | 2.30x | 1.55x | $4.51 | 20.00x | $1.45B | 19.1% | 0.19x |
| 2021 | 72.0% | 2.52x | 1.79x | $4.49 | 2.53x | $2.85B | 29.4% | 0.27x |
| 2022 | 76.2% | 2.37x | 1.67x | $3.07 | 2.08x | $1.80B | 25.0% | 0.22x |
| 2023 | 77.9% | 2.38x | 2.15x | $0.02 | 1.66x | $423.97M | 21.2% | 0.21x |
| 2024 | 78.5% | 2.25x | 2.00x | $5.51 | 1.46x | $691.58M | 14.5% | 0.14x |
| 2025 | 77.4% | 2.34x | 1.35x | $8.52 | 1.73x | $1.69B | 10.5% | 0.10x |
| 2026 | 76.9% | 2.45x | 1.19x | $13.47 | 8.17x | $2.39B | 14.2% | 0.13x |
- Principal due is the current portion of debt.
Latest year inputs (2026)
Net PP&E: $17.47B
Inventory: $6.33B
Total assets: $30.96B
Goodwill: $4.34B
Intangibles: $1.20B
Liabilities: $22.45B
Tangible book: $2.97B
Shares: 220,814,000
Revenue: $42.72B
Capex: $1.24B
D&A: $1.05B
EBITDA: $3.24B
Interest: $230.57M
Short-term debt: $14.40M
Free cash flow: $2.39B
Operating income: $2.20B
Invested capital: $11.95B
Tax rate: 23.0%