DDS DILLARD'S, INC.

Overview and Growth

In fiscal 2025, DILLARD'S, INC. recorded $6.56B of revenue, net income of $570.19M, and an operating cash inflow of $717.01M. Revenue of $6.56B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Compared with $6.59B in fiscal 2024, revenue decreased 0.4%, a top-line contraction that reduced operating scale. On a per-share basis, diluted EPS was $36.42, which connects the reported earnings outcome with the company’s diluted share count. The per-share result recorded a 1.1% decrease from fiscal 2024 diluted EPS of $36.82. Total assets stood at $3.51B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. Revenue equaled 1.87x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $2.56B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 39.0% of revenue, showing how much of the top line remained after direct costs. After all reported below-operating-line items, the company recorded net income of $570.19M for the fiscal year. The final earnings result represented 8.7% of revenue, connecting the absolute net income figure with the company’s top-line scale. Income tax expense totaled $124.70M, providing the reported tax component that separates pretax and after-tax earnings. Return on period-end equity was 32.1%, relating annual net income to the equity capital on the balance sheet. The net-income-to-assets relationship measured 16.3%, showing earnings relative to the full balance sheet. Against $593.48M in fiscal 2024, the current $570.19M bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

Total assets were $3.51B, supported by $1.73B of liabilities and $1.78B of shareholder equity. The near-term balance sheet paired $2.39B of current assets with $902.08M of current liabilities at the reporting date. At 2.65x, the current ratio shows that short-term assets were greater than short-term liabilities at period end. Reported cash and equivalents were $861.46M, separating immediately recognizable cash resources from the rest of the current-asset base. Measured only with cash and equivalents, coverage of current liabilities was 95.5%, excluding receivables and other current assets. Book equity represented 50.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. The liabilities-to-assets relationship was 49.2%, placing reported obligations against the full positive asset balance. Measured against total assets, cash and equivalents represented 24.6%, a balance-sheet composition measure rather than a liquidity forecast. Compared with $3.53B in fiscal 2024, the current asset base moved 0.7% and finished lower. Reported equity changed 1.0% from $1.80B in fiscal 2024, placing the current capital base lower year over year. Cash and equivalents were 20.0% higher than fiscal 2024 cash of $717.85M, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

Cash flow from operations was $717.01M, a reported cash inflow that can be compared directly with net income and capital spending. Against net income, operating cash flow measured 1.26x, showing the relationship between accrual earnings and operating cash. The cash-flow statement records $93.38M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 13.0% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $623.63M, leaving a positive amount after capital expenditures. Free cash flow represented 9.5% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 17.8% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.