Five Below, Inc. (FIVE) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.79	$2.22	+24.0%	—	$1.3B	—
Q4 26	$4	$4.31	+7.7%	—	$1.7B	—
Q3 26	$0.26	$0.68	+161.5%	—	$1B	—
Q2 26	$0.63	$0.81	+28.6%	—	$1B	—
Q1 26	$0.83	$0.86	+3.6%	—	$970.5M	—
Q4 25	$3.37	$3.48	+3.3%	—	$1.4B	—
Q3 25	$0.17	$0.42	+147.1%	—	$843.7M	—
Q2 25	$0.54	$0.54	0.0%	—	$830.1M	—
Q1 25	$0.63	$0.6	-4.8%	—	$811.9M	—
Q4 24	$3.78	$3.65	-3.4%	—	$1.3B	—
Q3 24	$0.24	$0.26	+8.3%	—	$736.4M	—
Q2 24	$0.83	$0.84	+1.2%	—	$759M	—
Q1 24	$0.63	$0.67	+6.3%	—	$726.2M	—
Q4 23	$3.07	$3.07	0.0%	—	$1.1B	—
Q3 23	$0.14	$0.29	+107.1%	—	$645M	—
Q2 23	$0.78	$0.74	-5.1%	—	$668.9M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY26	—	$6.51	—	—	$4.8B	—
FY25	—	$4.61	—	—	$3.9B	—
FY24	—	$5.43	—	—	$3.6B	—
FY23	—	$4.71	—	—	$3.1B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	$1B	$1.3B	$1.6B	$1.8B	$2B	$2.8B	$3.1B	$3.6B	$3.9B	$4.8B
YoY change	+20.2%	+27.8%	+22%	+18.4%	+6.25%	+45.2%	+8%	+15.7%	+8.91%	+22.9%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1B	1.3B	1.6B	1.8B	2B	2.8B	3.1B	3.6B	3.9B	4.8B
Cost of revenue	643.4M	814.8M	994.5M	1.2B	1.3B	1.8B	2B	2.3B	2.5B	3B
Gross profit	357M	463.4M	565.1M	674M	652.3M	1B	1.1B	1.3B	1.4B	1.7B
Gross margin	35.7%	36.3%	36.2%	36.5%	33.2%	36.2%	35.6%	35.8%	34.9%	36%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	243.1M	306M	377.9M	456.7M	497.5M	565.7M	644.8M	757.5M	861.4M	1.1B
Operating expenses	243.1M	306M	377.9M	456.7M	497.5M	565.7M	644.8M	757.5M	861.4M	1.1B
Operating income	114M	157.4M	187.2M	217.3M	154.8M	379.9M	345M	385.6M	323.8M	457.4M
Operating margin	11.4%	12.3%	12%	11.8%	7.89%	13.3%	11.2%	10.8%	8.35%	9.6%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—
Pretax income	114.3M	158.8M	191.8M	221.6M	153.1M	366.7M	347.5M	401.1M	338.7M	480.4M
Income tax	42.4M	56.4M	42.2M	46.5M	29.7M	87.9M	86M	100M	85.1M	121.7M
Net income	71.8M	102.5M	149.6M	175.1M	123.4M	278.8M	261.5M	301.1M	253.6M	358.6M
Net margin	7.18%	8.02%	9.6%	9.48%	6.29%	9.79%	8.5%	8.46%	6.54%	7.53%
EBITDA	140.6M	190.6M	228.6M	272.3M	224.1M	464.7M	450.7M	516.3M	491.3M	649.5M
EPS	1.31	1.86	2.68	3.14	2.21	4.98	4.71	5.43	4.61	6.51
Diluted EPS	1.3	1.84	2.66	3.12	2.2	4.95	4.69	5.41	4.6	6.47

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	736.4M	1.3B	811.9M	830.1M	843.7M	1.4B	970.5M	1B	1B	1.7B	1.3B	1.3B
Cost of revenue	513.6M	786.1M	548.3M	558.3M	585.7M	831.6M	646.6M	684.5M	686.9M	1B	807M	649.1M
Gross profit	222.8M	551.6M	263.5M	271.8M	258M	559.3M	323.9M	342.4M	351.4M	697M	478.6M	612.4M
Gross margin	30.3%	41.2%	32.5%	32.7%	30.6%	40.2%	33.4%	33.3%	33.8%	40.3%	37.2%	48.5%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	173.1M	152.4M	190.2M	188.8M	215.4M	267M	226.5M	242.3M	259.2M	337.1M	273.3M	285.9M
Operating expenses	173.1M	152.4M	190.2M	188.8M	215.4M	267M	226.5M	242.3M	259.2M	337.1M	273.3M	285.9M
Operating income	16.1M	268.4M	36.1M	41.5M	-606K	246.8M	50.8M	52.4M	43.3M	310.9M	154.2M	275.4M
Operating margin	2.19%	20.1%	4.45%	5%	-0.07%	17.7%	5.24%	5.1%	4.17%	18%	12%	21.8%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	19.6M	272.5M	41.1M	44.6M	2.2M	250.8M	56.5M	57.9M	49.1M	316.9M	162.5M	290.8M
Income tax	5M	70.3M	9.7M	11.6M	515K	63.3M	15.3M	15.1M	12.6M	78.6M	39.4M	69.4M
Net income	14.6M	202.2M	31.5M	33M	1.7M	187.5M	41.1M	42.8M	36.5M	238.2M	123.1M	221.4M
Net margin	1.98%	15.1%	3.88%	3.98%	0.2%	13.5%	4.24%	4.16%	3.52%	13.8%	9.57%	17.6%
EBITDA	49.7M	305.5M	73.3M	83M	42.7M	292.3M	97.4M	100.1M	92.2M	359.9M	205.4M	326.6M
EPS	0.26	3.66	0.57	0.6	0.03	3.41	0.75	0.78	0.66	4.32	2.23	4.02
Diluted EPS	0.26	3.65	0.57	0.6	0.03	3.39	0.75	0.77	0.66	4.28	2.21	3.99

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Market cap	2.2B	3.6B	6.9B	6.3B	9.8B	9.2B	11B	10B	5.2B	10.6B	12.6B
Enterprise value	2B	3.3B	6.6B	7B	10.5B	10.1B	12B	11.2B	6.6B	11.7B	13.1B
Shares outstanding	54.8M	55.2M	55.8M	55.8M	55.8M	56M	55.5M	55.5M	55.1M	55.1M	55.1M

Valuation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
P/E	30.4	35	46.1	36.1	79.5	32.9	41.9	33.1	20.4	29.4	20.5
P/S	2.18	2.8	4.42	3.42	5	3.22	3.56	2.8	1.33	2.22	2.37
P/B	6.59	7.82	11.2	8.32	11.1	8.2	8.04	6.28	2.86	4.82	5.09
EV/EBITDA	14.5	17.5	28.7	25.7	46.9	21.8	26.7	21.8	13.5	18	16
EV/Sales	2.03	2.61	4.21	3.79	5.36	3.56	3.92	3.16	1.71	2.45	2.47
Earnings yield	3.29%	2.86%	2.17%	2.77%	1.26%	3.04%	2.39%	3.02%	4.91%	3.4%	4.88%
FCF yield	2.83%	2.78%	1.02%	-0.4%	1.69%	0.43%	0.58%	1.65%	2.07%	3.9%	2.93%
PEG	—	—	—	—	—	—	—	—	—	—	0.05

Profitability

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Gross margin	35.7%	36.3%	36.2%	36.5%	33.2%	36.2%	35.6%	35.8%	34.9%	36%	48.5%
Operating margin	11.4%	12.3%	12%	11.8%	7.89%	13.3%	11.2%	10.8%	8.35%	9.6%	8.86%
Net margin	7.18%	8.02%	9.6%	9.48%	6.29%	9.79%	8.5%	8.46%	6.54%	7.53%	11.7%
ROE	21.7%	22.3%	24.3%	23%	14%	24.9%	19.2%	19%	14%	16.4%	28.3%
ROA	14.4%	14.7%	15.7%	8.94%	5.33%	9.68%	7.87%	7.78%	5.84%	7.26%	7.84%
ROIC	40.4%	47.5%	52.5%	11.9%	7.88%	13.9%	10.6%	10.1%	7.44%	10.4%	17.8%
Return on tangible assets	14.4%	14.7%	15.7%	8.94%	5.33%	9.68%	7.87%	7.78%	5.84%	7.26%	11.7%

Financial health

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Current ratio	2.92	2.91	2.54	1.89	1.73	1.54	1.77	1.68	1.79	2.01	2.22
Quick ratio	1.59	1.78	1.57	0.97	1.09	0.77	0.89	0.86	0.91	1.12	1.29
Debt / equity	—	—	0	1.25	1.26	1.16	1.1	1.1	1.1	0.93	0.82
Debt / assets	—	—	0	0.48	0.48	0.45	0.45	0.45	0.46	0.41	0.39
Net debt / EBITDA	—	—	-1.47	2.52	3.13	2.06	2.44	2.48	2.96	1.69	0.86
Interest coverage	—	—	—	—	89.2	28.8	—	—	—	—	—
Effective tax rate	37.1%	35.5%	22%	21%	19.4%	24%	24.7%	24.9%	25.1%	25.3%	24.4%

Per share

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Revenue per share	18.2	23.2	28	33.1	35.2	50.9	55.4	64.1	70.4	86.4	96.3
EPS (basic)	1.31	1.86	2.68	3.14	2.21	4.98	4.71	5.43	4.61	6.51	6.51
EPS (diluted)	1.3	1.84	2.66	3.12	2.2	4.95	4.69	5.41	4.6	6.47	11.2
Book value per share	6.04	8.31	11	13.6	15.8	20	24.5	28.6	32.8	39.8	45
FCF per share	1.13	1.8	1.26	-0.45	2.97	0.71	1.13	2.97	1.94	7.47	10.8
Cash per share	2.81	4.43	6.05	4.69	7.34	6.11	7.19	8.29	9.6	16.9	21.6
Capex per share	—	—	—	—	—	—	—	—	—	3.17	3.68

Capital allocation

Metric	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26	Current
Capex / revenue	—	—	—	—	—	—	—	—	—	3.67%	3.84%
Capex / operating cash flow	—	—	—	—	—	—	—	—	—	29.8%	25.4%
Payout ratio	—	—	—	—	—	—	—	—	—	—	0%

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Revenue	$736.4M	$1.3B	$811.9M	$830.1M	$843.7M	$1.4B	$970.5M	$1B	$1B	$1.7B	$1.3B	$1.3B
YoY change	+14.2%	+19.1%	+11.8%	+9.37%	+14.6%	+3.97%	+19.5%	+23.7%	+23.1%	+24.3%	+32.5%	+22.9%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Cash & short-term investments	153.9M	244.6M	337.2M	261.7M	409.7M	342.1M	399.2M	460.1M	528.8M	932.2M
Receivables	—	—	—	—	—	—	—	—	—	—
Inventory	154.4M	187M	243.6M	324M	281.3M	455.1M	527.7M	584.6M	659.5M	846.6M
Total current assets	339.8M	479.4M	642.3M	665.7M	755.4M	904.7M	1.1B	1.2B	1.4B	1.9B
Property, plant & equipment	138.4M	180.3M	301.3M	1.3B	1.5B	1.9B	2.2B	2.6B	3B	3B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	500.5M	695.7M	952.3M	2B	2.3B	2.9B	3.3B	3.9B	4.3B	4.9B
Accounts payable	51.2M	73M	103.7M	130.2M	138.6M	196.5M	221.1M	256.3M	260.3M	368.4M
Short-term debt	—	—	—	110.5M	143.1M	163.5M	199.8M	241M	274.9M	301.1M
Total current liabilities	116.6M	164.5M	253.1M	351.3M	435.7M	586.9M	602.6M	715.9M	756.4M	954M
Long-term debt	—	—	0	837.6M	967.3M	1.1B	1.3B	1.5B	1.7B	1.7B
Total liabilities	169.1M	237.2M	337.2M	1.2B	1.4B	1.8B	2B	2.3B	2.5B	2.7B
Shareholders' equity	331.4M	458.6M	615.1M	759.8M	881.9M	1.1B	1.4B	1.6B	1.8B	2.2B
Total debt	—	—	0	948.1M	1.1B	1.3B	1.5B	1.7B	2B	2B
Net debt	—	—	-251.7M	745.6M	841.5M	1.2B	1.2B	1.6B	1.6B	1.3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Cash & short-term investments	—	—	—	—	—	—	—	—	524.5M	932.2M	1.1B	1.2B
Receivables	—	—	—	—	—	—	—	—	—	—	—	—
Inventory	—	—	—	—	—	—	—	—	1.1B	846.6M	813.3M	941.2M
Total current assets	—	—	—	—	—	—	—	—	1.8B	1.9B	2.1B	2.2B
Property, plant & equipment	—	—	—	—	—	—	—	—	3B	3B	3B	3B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	—	—	—	—	—	—	—	—	4.8B	4.9B	5.1B	5.3B
Accounts payable	349.3M	256.3M	221.8M	256M	352.2M	260.3M	276.5M	371.8M	519.7M	368.4M	351.5M	436.7M
Short-term debt	—	—	—	—	—	—	—	—	335.1M	301.1M	300.5M	307.6M
Total current liabilities	—	—	—	—	—	—	—	—	1.1B	954M	982.7M	1B
Long-term debt	—	—	—	—	—	—	—	—	1.7B	1.7B	1.7B	1.7B
Total liabilities	—	2.3B	2.4B	2.4B	2.6B	2.5B	2.6B	2.7B	2.8B	2.7B	2.7B	2.8B
Shareholders' equity	—	—	—	—	—	—	—	—	2B	2.2B	2.3B	2.5B
Total debt	—	—	—	—	—	—	—	—	2B	2B	2B	2B
Net debt	—	—	—	—	—	—	—	—	1.7B	1.3B	1.4B	1.5B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Net income	71.8M	102.5M	149.6M	175.1M	123.4M	278.8M	261.5M	301.1M	253.6M	358.6M
Depreciation & amortization	26.6M	33.2M	41.5M	55M	69.3M	84.8M	105.6M	130.7M	167.4M	192.1M
Stock-based compensation	12M	16.4M	12M	12.4M	9.6M	25.8M	23.6M	17.9M	15.6M	34.7M
Change in working capital	-3.7M	19M	553K	-31.8M	112.6M	-99.1M	-17.7M	29.7M	-19.5M	-90.1M
Operating cash flow	104.3M	175.6M	204.3M	225.6M	337.7M	298.2M	396.4M	487.4M	411.6M	586.4M
Capital expenditure	—	—	—	—	—	—	—	—	—	-174.7M
Investing cash flow	-42M	-71.4M	74.2M	18.7M	-86.7M	-177.4M	248M	-221.3M	91.1M	-186.2M
Dividends paid	—	—	—	—	—	—	—	—	—	—
Share repurchases	-1.9M	-1.5M	-10M	-47.3M	-16.6M	-67.3M	-45M	-97.1M	-47.2M	0
Financing cash flow	-141K	-2.8M	-17.6M	-57.2M	-18.1M	-66.5M	-44.4M	-96.1M	-46.1M	-8.3M
Net change in cash	62.2M	101.4M	260.9M	187.1M	232.8M	54.3M	600M	170M	456.6M	392M
Free cash flow	61.8M	99.6M	70.4M	-25.3M	165.8M	39.7M	63M	164.6M	106.7M	411.7M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26	Q4 26	Q1 27	Q2 27
Net income	—	—	—	—	—	—	—	—	36.5M	238.2M	123.1M	221.4M
Depreciation & amortization	—	—	—	—	—	—	—	—	48.9M	49M	51.1M	51.2M
Stock-based compensation	—	—	—	—	—	—	—	—	7.8M	8.5M	5.1M	9.9M
Change in working capital	—	—	—	—	—	—	—	—	-169.1M	111.1M	20.1M	-44.9M
Operating cash flow	1.2M	5.4M	-120K	2.9M	-1.3M	-8.3M	-5.1M	2.3M	-80.1M	440.9M	227.2M	215.5M
Capital expenditure	—	—	—	—	—	—	—	—	-53M	-40.8M	-37.2M	-73.2M
Investing cash flow	—	—	—	—	—	—	—	—	-130.4M	-64.5M	-303.1M	-225.7M
Dividends paid	—	—	—	—	—	—	—	—	—	—	—	—
Share repurchases	—	—	—	—	—	—	—	—	-1.2M	5.1M	—	—
Financing cash flow	—	—	—	—	—	—	—	—	-1.2M	5.5M	-9M	—
Net change in cash	1.2M	5.4M	-120K	2.9M	-1.3M	-8.3M	-5.1M	2.3M	-211.8M	381.9M	-84.8M	-10.2M
Free cash flow	—	—	—	—	—	—	—	—	-133.2M	400.1M	190M	142.3M

Five Below, Inc. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement