|FIVE Overview
FIVE

FIVE BELOW, INC

Consumer Discretionary • CIK: 0001177609

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Market Cap
$8.66B
P/E (TTM)
28.1x
Rev Growth (TTM)
+15.8%
Net Margin (TTM)
7.0%
FCF Yield (TTM)
3.7%
FCF Margin (TTM)
7.3%

LATEST EARNINGS

Q3 FY2025
3 months ago
View source
Revenue
$1.04B
+23.1%
Net Income
$36.51M
+2063.7%
EPS
$0.66
+2100.0%
Gross
33.9% +3.3%
Operating
4.2% +4.2%
Net
3.5% +3.3%
  • Net sales increased 23.1% to $1.0 billion, marking the second consecutive quarter above $1 billion.
  • Comparable sales increased by 14.3%, indicating strong customer demand.
  • Operating income improved to $43.3 million from a loss of $0.6 million in the prior year's quarter.
  • Diluted EPS grew to $0.66 from $0.03 in the prior year's quarter.

Cash Flow Health

Free Cash Flow4/8 positive
TTM$323M
Q3 '26
$-133M-376%
Q2 '26
$48M-50%
FCF Margin
TTM7.3%
Q3 '26-12.8%-373%
Sector: 3.2%Above Avg
OCF Margin11.5%
OCF/NI1.65x
CapEx Coverage2.7x
FCF Yield3.7%
FCF Growth (2Y)
Cash Conversion Cycle
57 days
DSO: 0+DIO: 100DPO: 43

Capital Allocation & Returns

Accumulating Cash
Total Shareholder YieldTTM
TTM-0.0%
Div Yield0.0%

Limited capital returns

Dividend & Payout Metrics
Dividend Yield (TTM)0.0%
Free Cash Flow (TTM)$323.0M
Stock Repurchases (TTM)$-13000
Capital Return / FCF-0.0%
Est. Dividends Paid (TTM)$0
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
8.2%
Moderate
+0.0% YoY-11.2%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
6.6%
8Q: 3.7%
Asset Turnover
0.99x
8Q: 0.88x
Leverage (1+D/E)
1.00x
D/E: 0.00x
DuPont: 6.5%8.2% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
3.52x
8Q:3.17x
-46.3%
Invested Cap Turn
1.24x
8Q:1.11x
-26.4%
CapEx Intensity
5.2%
8Q:7.9%
CapEx/Depreciation
0.99x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ3 2026Q2 2026Q1 2026Q4 2026Q3 2025Q2 2025Q1 2025Q4 2025
Revenue
$4.4B
$1.0B1.1%
$1.0B5.8%
$970.5M30.2%
$1.4B64.9%
$843.7M1.6%
$830.1M2.2%
$811.9M39.3%
$1.3B
Operating Income
$393.3M
$43.3M17.3%
$52.4M3.0%
$50.8M79.4%
$246.8M40820.1%
$-606.0K101.5%
$41.5M14.8%
$36.1M86.5%
$268.4M
Net Income
$307.9M
$36.5M14.6%
$42.8M3.9%
$41.1M78.0%
$187.5M11011.9%
$1.7M94.9%
$33.0M4.9%
$31.5M84.4%
$202.2M
Operating Cash Flow
$509.1M
$-80.1M186.2%
$93.0M29.9%
$132.7M63.5%
$363.5M1288.8%
$-30.6M142.9%
$71.3M169.5%
$26.4M93.5%
$407.7M
Free Cash Flow
$323.0M
$-133.2M375.8%
$48.3M49.9%
$96.5M69.0%
$311.4M380.6%
$-111.0M243.0%
$-32.4M47.3%
$-61.4M120.2%
$304.6M
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
28.1x
Volatile
8Q: 143.0x-18949%
Valuation Lenses
Earnings
28.1x
vs sector
Cash Flow
25.1x
EV/FCF vs
Growth-Adj
1.9xPEG
Fair for growth
Quality-Adj
3.4P/E per %ROIC
ROIC: 8.2%
Shareholder Returns
Dividend
Buyback
Total Yield
Market Cap$8.66B
EV$8.11B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
70/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
16.7%
8Q:
Return on Invested Capital (ROIC)Top 25%
8.2%
8Q:
-11.2%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 6.6%
Asset Turnover: 0.99x

Earnings Quality

Cash Conversion

1.65x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin35.6%

Capital Efficiency

Invested Capital Turnover1.24x

Working Capital

Cash Conversion Cycle57 days

Growth Quality & Momentum

Moderate Growth
Growth Quality Score
66/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
15.8%
OpInc Growth YoY
7246.0%
EPS Growth YoY
14.8%
FCF 3Y CAGR
N/A

Margin Quality & Sustainability

High Quality
Profitability Cascade
Gross
35.6%
Operating
8.9%
Above Avg in sector
Net
7.0%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
+0.3 pts
FCF: 7.3% | Net: 7.0%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress
Net Debt / EBITDA
Net Cash
(0.0x)Net Cash: $524.50M
Interest Coverage
+Net cash position: $524.50M
Leverage Metrics
Debt-to-Equity
0.00x
Balance sheet risk & solvency analysis