DDSDILLARD'S, INC.
Retail-Department Stores
- Revenue
- $6.5B
- 0.1% YoY
- Operating margin
- —
- EBITDA
- —
- Market cap
- $10.0B
- Employees
- 29,100
- $222K revenue each
- Net debt / EBITDA
- —
- −$148M net debt
- AI in 10-K
- 0.5
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 0 of 7
- TSR below peersNo0 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$12M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo126% of net incomeCash flow under 80% of net income
- Dilutive SBCNo0% of revenueOver 10% of revenue
- Payouts exceed cash flowNo83% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo—Over 40% of assets
- Shareholder dissentNo96% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$222K · 63rd pctBottom quartile of its SIC industry
- Quiet on AIYes0.5 per 10K words · 21st pctBottom quartile of AI mentions in 10-Ks
- Net cashNo—More cash than debt, positive EBITDA
- Buyout-sizedNo$10.0B market capMarket cap $500M–$5B
Catalysts 1 of 2
- Active 13DYes1 filingActive-intent 13D in 18 months
- Net insider sellingNo−$244K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $6.5B | $6.9B | $6.8B | $6.5B | $6.5B | 0.1% |
| Net income | $862M | $892M | $739M | $593M | $570M | 3.9% |
| Operating cash flow | $1.3B | $948M | $884M | $714M | $717M | 0.4% |
| Capex | $104M | $120M | $133M | $105M | $93M | 11% |
| Buybacks | $545M | $453M | $281M | $121M | $108M | 11% |
| Dividends | $305M | $271M | $339M | $414M | $485M | 17% |
Deal filings
| Filed | Form | Acquirer | Price | Premium |
|---|---|---|---|---|
| Apr 6, 2026 | DEFM14A | W.D. Company, Inc. | — | — |
| Mar 27, 2026 | PREM14A | W.D. Company, Inc. | $25.51 | 30% |
13D filers
| Filed | Filer | Form | Stake | Intent |
|---|---|---|---|---|
| Jun 5, 2026 | DILLARD WILLIAM T II | SCHEDULE 13D | 30.0% | Active |
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $244K · 1
- Net
- −$244K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $9M | $5M | 893 | 209 |
| FY2025 | $5M | $6M | 657 | 173 |
| FY2024 | $12M | $6M | 518 | 139 |
| FY2023 | $23M | $8M | 476 | 121 |
| FY2022 | $13M | $13M | 300 | 109 |