FIVE

MKT CAP:$13B

Five Below, Inc.

Market Cap

$13B

Consumer Cyclical·Discount Stores·🇺🇸 United States·NASDAQ

Consumer Cyc.·Discount Stores·🇺🇸·NASDAQ

Stock Price

$238.20+$44.75 (+23.13%)

Apr 23, 2026

Company Details

Five Below, Inc. operates as a specialty value retailer in the United States. The company offers range of accessories, which includes novelty socks, sunglasses, jewelry, scarves, gloves, hair accessories, athletic tops and bottoms, and t-sh...

CEO

Winifred Y. Park

IPO Date

Jul 19, 2012

Website

www.fivebelow.com

Key Metrics TTM

Revenue

$4.8B

+22.9% YoY

Net Income

$359M

EPS (Diluted)

$6.46

Free Cash Flow

$412M

Revenue / Share

$85.69

Gross Margin

35.0%

Operating Margin

9.6%

Net Margin

7.5%

FCF Margin

8.6%

P/S

2.7x

P/E

36.0x

Earnings Reports

FY 2025

Mar 19, 2026

$4.8B+22.9%EPS $6.46

Q4 2025

Mar 19, 2026

$1.7B+24.3%EPS $4.28

Q3 2025

Dec 4, 2025

$1.0B+23.1%EPS $0.66

Q2 2025

Aug 28, 2025

$1.0B+23.7%EPS $0.77

Q1 2025

Jun 5, 2025

$971M+19.5%EPS $0.75

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 22	$640M	$207M	$42M
Q2 22	$669M	$229M	$56M
Q3 22	$645M	$208M	$21M
Q4 22	$1.1B	$452M	$226M
Q1 23	$726M	$235M	$42M
Q2 23	$759M	$265M	$59M
Q3 23	$736M	$223M	$16M
Q4 23	$1.3B	$552M	$268M
Q1 24	$812M	$264M	$36M
Q2 24	$830M	$272M	$42M
Q3 24	$844M	$258M	-$606.0K
Q4 24	$1.4B	$559M	$247M
Q1 25	$971M	$324M	$51M
Q2 25	$1.0B	$342M	$52M
Q3 25	$1.0B	$351M	$43M
Q4 25	$1.7B	$648M	$311M

Valuation

Quarter	P/S	P/E
Q1 22	3.1x	34.4x
Q2 22	2.5x	31.1x
Q3 22	2.8x	35.3x
Q4 22	3.5x	41.1x
Q1 23	3.5x	41.1x
Q2 23	3.6x	42.5x
Q3 23	2.8x	35.2x
Q4 23	2.9x	34.3x
Q1 24	2.2x	27.2x
Q2 24	1.0x	13.1x
Q3 24	1.4x	19.5x
Q4 24	1.3x	20.0x
Q1 25	1.1x	17.3x
Q2 25	1.8x	27.5x
Q3 25	2.0x	28.3x
Q4 25	2.3x	30.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 22	$42M	-$16M
Q2 22	$4M	-$48M
Q3 22	-$91M	-$155M
Q4 22	$360M	$282M
Q1 23	$85M	$40M
Q2 23	$84M	$13M
Q3 23	-$77M	-$193M
Q4 23	$408M	$305M
Q1 24	$26M	-$61M
Q2 24	$71M	-$32M
Q3 24	-$31M	-$111M
Q4 24	$364M	$311M
Q1 25	$133M	$96M
Q2 25	$93M	$48M
Q3 25	-$80M	-$133M
Q4 25	$441M	$400M

Capital Expenditures

Quarter	CapEx
Q1 22	$58M
Q2 22	$52M
Q3 22	$64M
Q4 22	$78M
Q1 23	$45M
Q2 23	$71M
Q3 23	$115M
Q4 23	$103M
Q1 24	$88M
Q2 24	$104M
Q3 24	$80M
Q4 24	$52M
Q1 25	$36M
Q2 25	$45M
Q3 25	$53M
Q4 25	$41M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 22	+7.0%	+11.8%
Q2 22	+3.5%	+9.4%
Q3 22	+6.2%	+10.4%
Q4 22	+12.7%	+10.9%
Q1 23	+13.5%	+14.5%
Q2 23	+13.5%	+14.3%
Q3 23	+14.2%	+15.4%
Q4 23	+19.1%	+19.2%
Q1 24	+11.8%	+13.4%
Q2 24	+9.4%	+12.6%
Q3 24	+14.6%	+17.2%
Q4 24	+4.0%	+7.0%
Q1 25	+19.5%	+18.6%
Q2 25	+23.7%	+23.6%
Q3 25	+23.1%	+17.8%
Q4 25	+24.3%	+23.9%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 22	$6M	0.9%
Q2 22	$6M	0.9%
Q3 22	$6M	0.9%
Q4 22	$5M	0.5%
Q1 23	$4M	0.5%
Q2 23	$6M	0.8%
Q3 23	$4M	0.5%
Q4 23	$4M	0.3%
Q1 24	$5M	0.6%
Q2 24	-$333.0K	-0.0%
Q3 24	$7M	0.8%
Q4 24	$4M	0.3%
Q1 25	$10M	1.0%
Q2 25	$9M	0.8%
Q3 25	$8M	0.7%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	SG&A
Q1 22	$164M
Q2 22	$172M
Q3 22	$187M
Q4 22	$227M
Q1 23	$163M
Q2 23	$175M
Q3 23	$173M
Q4 23	$152M
Q1 24	$190M
Q2 24	$189M
Q3 24	$215M
Q4 24	$267M
Q1 25	$227M
Q2 25	$242M
Q3 25	$259M
Q4 25	$337M

Revenue Segments

Quarter	Fashion And Home	Leisure	Party And Snack
Q1 22	$174M	$320M	$145M
Q2 22	$198M	$321M	$150M
Q3 22	$204M	$298M	$143M
Q1 23	$196M	$350M	$180M
Q2 23	$220M	$360M	$179M
Q3 23	$232M	$329M	$175M
Q1 24	$228M	$374M	$210M
Q2 24	$249M	$375M	$206M
Q3 24	$270M	$362M	$212M
Q1 25	$284M	$435M	$252M
Q2 25	$309M	$470M	$247M
Q3 25	$333M	$447M	$259M
Q4 25	$547M	$766M	$415M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$121M	$189M	$310M
Q2 22	$155M	$117M	$272M
Q3 22	$44M	$73M	$117M
Q4 22	$332M	$67M	$399M
Q1 23	$335M	$88M	$424M
Q2 23	$335M	$102M	$436M
Q3 23	$163M	$0	$163M
Q4 23	$180M	$280M	$460M
Q1 24	$96M	$273M	$370M
Q2 24	$209M	$119M	$328M
Q3 24	$170M	$47M	$217M
Q4 24	$332M	$197M	$529M
Q1 25	$427M	$197M	$624M
Q2 25	$563M	$107M	$670M
Q3 25	$351M	$174M	$524M
Q4 25	$724M	$209M	$932M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 22	56M	-0.9%	-0.8%
Q2 22	56M	-0.3%	-1.2%
Q3 22	56M	+0.1%	-1.2%
Q4 22	56M	+0.2%	-0.9%
Q1 23	56M	-0.1%	-0.1%
Q2 23	56M	+0.0%	+0.3%
Q3 23	56M	-0.4%	-0.2%
Q4 23	55M	-0.4%	-0.8%
Q1 24	55M	-0.2%	-0.9%
Q2 24	55M	-0.4%	-1.4%
Q3 24	55M	+0.1%	-0.8%
Q4 24	55M	+0.2%	-0.2%
Q1 25	55M	-0.1%	-0.1%
Q2 25	55M	+0.4%	+0.6%
Q3 25	56M	+0.3%	+0.8%
Q4 25	56M	+0.0%	+0.7%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 22	$104.9K	6K
Q2 22	$109.7K	6K
Q3 22	$105.7K	6K
Q4 22	$172.7K	7K
Q1 23	$111.7K	7K
Q2 23	$116.8K	7K
Q3 23	$113.3K	7K
Q4 23	$205.8K	7K
Q1 24	$116.0K	7K
Q2 24	$118.6K	7K
Q3 24	$120.5K	7K
Q4 24	$198.7K	7K
Q1 25	$132.9K	7K
Q2 25	$140.7K	7K
Q3 25	$142.2K	7K
Q4 25	$11.5K	150K

Revenue / Employee