What is Five Below's operating income?

Five Below's total operating income in 2025 was $457.40 million, based on the following breakdown: Total Gross Profit: $1.71 billion Total Operating Expenses: $1.26 billion

Five Below (FIVE) Financials

$185.79 -4.67 (-2.45%)

As of 03:38 PM Eastern

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Annual Income Statements for Five Below

This table shows Five Below's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Income / (Loss) Attributable to Common Shareholders	58	72	102	150	175	123	279	262	301	254	359
Consolidated Net Income / (Loss)	58	72	102	150	175	123	279	262	301	254	359
Net Income / (Loss) Continuing Operations	58	72	102	150	175	123	279	262	301	254	359
Total Pre-Tax Income	93	114	159	192	222	153	367	348	401	339	480
Total Operating Income	93	114	157	187	217	155	380	345	386	324	457
Total Gross Profit	292	357	463	565	674	652	1,030	1,095	1,274	1,353	1,715
Total Revenue	832	1,000	1,278	1,560	1,847	1,962	2,848	3,076	3,559	3,877	4,764
Operating Revenue	832	1,000	1,278	1,560	1,847	1,962	2,848	3,076	3,559	3,877	4,764
Total Cost of Revenue	540	643	815	994	1,173	1,310	1,818	1,981	2,286	2,524	3,049
Operating Cost of Revenue	540	643	815	994	1,173	1,310	1,818	1,981	2,286	2,524	3,049
Total Operating Expenses	199	243	306	378	457	498	651	750	888	1,029	1,257
Selling, General & Admin Expense	199	243	306	378	457	498	566	645	758	861	1,065
Depreciation Expense	-	-	-	-	-	-	85	106	131	167	192
Total Other Income / (Expense), net	-0.29	0.30	1.46	4.62	4.29	-1.74	-13	2.49	16	15	23
Interest & Investment Income	0.04	0.30	1.46	4.62	4.29	-1.74	-13	2.49	16	15	23
Income Tax Expense	35	42	56	42	47	30	88	86	100	85	122
Basic Earnings per Share	$1.06	$1.31	$1.86	$2.68	$3.14	$2.21	$4.98	$4.71	$5.43	$4.61	$6.51
Weighted Average Basic Shares Outstanding	54.51M	54.85M	55.21M	55.76M	55.82M	55.82M	56.00M	55.55M	55.49M	55.06M	55.11M
Diluted Earnings per Share	$1.05	$1.30	$1.84	$2.66	$3.12	$2.20	$4.95	$4.69	$5.41	$4.60	$6.47
Weighted Average Diluted Shares Outstanding	54.79M	55.13M	55.56M	56.22M	56.17M	56.06M	56.30M	55.75M	55.62M	55.16M	55.44M
Weighted Average Basic & Diluted Shares Outstanding	54.40M	54.80M	55.10M	55.80M	55.60M	55.96M	55.72M	55.66M	55.24M	55.05M	55.24M

This table shows Five Below's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
Net Income / (Loss) Attributable to Common Shareholders	15	202	31	33	1.69	187	41	43	37	238	123
Consolidated Net Income / (Loss)	15	202	31	33	1.69	187	41	43	37	238	123
Net Income / (Loss) Continuing Operations	15	202	31	33	1.69	187	41	43	37	238	123
Total Pre-Tax Income	20	273	41	45	2.20	251	56	58	49	317	162
Total Operating Income	16	268	36	42	-0.61	247	51	52	43	311	154
Total Gross Profit	223	552	264	272	258	559	324	342	351	697	479
Total Revenue	736	1,338	812	830	844	1,391	971	1,027	1,038	1,728	1,286
Operating Revenue	736	1,338	812	830	844	1,391	971	1,027	1,038	1,728	1,286
Total Cost of Revenue	514	786	548	558	586	832	647	684	687	1,031	807
Operating Cost of Revenue	514	786	548	558	586	832	647	684	687	1,031	807
Total Operating Expenses	207	283	227	230	259	313	273	290	308	386	324
Selling, General & Admin Expense	173	246	190	189	215	267	227	242	259	337	273
Depreciation Expense	34	37	37	41	43	46	47	48	49	49	51
Total Other Income / (Expense), net	3.43	4.11	4.99	3.05	2.81	4.00	5.65	5.54	5.81	5.97	8.26
Interest & Investment Income	3.43	4.11	4.99	3.05	2.81	4.00	5.65	5.54	5.81	5.97	8.26
Income Tax Expense	4.96	70	9.67	12	0.52	63	15	15	13	79	39
Basic Earnings per Share	$0.26	$3.66	$0.57	$0.60	$0.03	$3.41	$0.75	$0.78	$0.66	$4.32	$2.23
Weighted Average Basic Shares Outstanding	55.45M	55.49M	55.17M	55.03M	55.01M	55.06M	55.05M	55.07M	55.15M	55.11M	55.26M
Diluted Earnings per Share	$0.26	$3.64	$0.57	$0.60	$0.03	$3.40	$0.75	$0.77	$0.66	$4.29	$2.21
Weighted Average Diluted Shares Outstanding	55.58M	55.62M	55.26M	55.04M	55.11M	55.16M	55.19M	55.39M	55.57M	55.44M	55.61M
Weighted Average Basic & Diluted Shares Outstanding	55.19M	55.24M	55.07M	55.00M	55.01M	55.05M	55.06M	55.15M	55.16M	55.24M	55.30M

This table details how cash moves in and out of Five Below's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Net Change in Cash & Equivalents	-10	23	37	139	-49	66	-204	267	-153	152	392
Net Cash From Operating Activities	88	107	167	184	187	366	328	315	500	431	586
Net Cash From Continuing Operating Activities	88	107	167	184	187	366	328	315	500	431	586
Net Income / (Loss) Continuing Operations	58	72	102	150	175	123	279	262	301	254	359
Consolidated Net Income / (Loss)	58	72	102	150	175	123	279	262	301	254	359
Depreciation Expense	22	27	33	41	55	69	85	106	131	167	192
Non-Cash Adjustments To Reconcile Net Income	11	12	16	24	12	9.55	26	24	18	16	35
Changes in Operating Assets and Liabilities, net	-3.17	-3.80	15	-31	-55	164	-62	-76	50	-6.00	0.98
Net Cash From Investing Activities	-99	-87	-139	-39	-194	-287	-466	-3.94	-556	-233	-186
Net Cash From Continuing Investing Activities	-99	-87	-139	-39	-194	-287	-466	-3.94	-556	-233	-186
Purchase of Property, Plant & Equipment	-53	-45	-68	-114	-212	-200	-288	-252	-335	-324	-175
Purchase of Investments	-46	-120	-235	-117	-136	-193	-477	-56	-417	-193	-352
Sale and/or Maturity of Investments	0.00	78	164	192	155	106	300	304	195	284	341
Net Cash From Financing Activities	1.38	3.15	8.35	-5.58	-43	-13	-66	-44	-96	-46	-8.27
Net Cash From Continuing Financing Activities	1.38	3.15	8.35	-5.58	-43	-13	-66	-44	-96	-46	-8.27
Repurchase of Common Equity	-0.32	-1.90	-1.50	-1.99	-37	-13	-60	-40	-81	-40	0.00
Issuance of Common Equity	0.18	0.21	0.25	0.37	0.44	0.48	0.83	0.82	0.98	1.08	0.94
Other Financing Activities, net	1.52	4.85	9.60	-3.96	-6.26	1.43	-6.94	-4.20	-16	-6.61	-9.21
Cash Interest Paid	0.03	0.01	0.00	0.00	0.00	0.76	0.59	0.54	0.50	0.42	0.48
Cash Income Taxes Paid	37	32	51	46	46	19	60	76	68	82	128

This table details how cash moves in and out of Five Below's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
Net Change in Cash & Equivalents	-172	17	-83	113	-39	162	96	135	-212	373	-85
Net Cash From Operating Activities	-77	408	26	71	-31	364	133	93	-80	441	227
Net Cash From Continuing Operating Activities	-77	408	26	71	-31	364	133	93	-80	441	227
Net Income / (Loss) Continuing Operations	15	202	31	33	1.69	187	41	43	37	238	123
Consolidated Net Income / (Loss)	15	202	31	33	1.69	187	41	43	37	238	123
Depreciation Expense	34	37	37	41	43	46	47	48	49	49	51
Non-Cash Adjustments To Reconcile Net Income	3.76	4.49	5.06	-0.33	6.58	4.29	9.86	8.56	7.75	8.51	5.13
Changes in Operating Assets and Liabilities, net	-129	164	-47	-2.88	-82	126	35	-6.02	-173	145	48
Net Cash From Investing Activities	-14	-391	-73	51	-8.65	-202	-36	44	-130	-65	-303
Net Cash From Continuing Investing Activities	-14	-391	-73	51	-8.65	-202	-36	44	-130	-65	-303
Purchase of Property, Plant & Equipment	-115	-103	-88	-104	-80	-52	-36	-45	-53	-41	-37
Purchase of Investments	-	-288	-4.51	-	-	-188	-82	-13	-151	-106	-272
Sale and/or Maturity of Investments	102	-0.43	19	155	72	38	83	102	73	82	5.97
Net Cash From Financing Activities	-81	0.35	-37	-9.58	-0.11	0.75	-1.25	-2.10	-1.25	-3.67	-8.98
Net Cash From Continuing Financing Activities	-81	0.35	-37	-9.58	-0.11	0.75	-1.25	-2.10	-1.25	-3.67	-8.98
Other Financing Activities, net	-0.01	-0.19	-6.65	-0.11	-0.11	0.26	-1.25	-2.58	-1.25	-4.13	-8.98

This table presents Five Below's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
Total Assets	393	501	696	952	1,959	2,315	2,880	3,325	3,872	4,340	4,937
Total Current Assets	265	340	479	642	666	755	905	1,066	1,204	1,351	1,917
Cash & Equivalents	53	76	113	252	202	269	65	332	180	332	724
Short-Term Investments	46	78	132	85	59	141	277	67	280	197	209
Inventories, net	148	154	187	244	324	281	455	528	585	660	847
Prepaid Expenses	16	30	45	60	76	58	96	131	154	158	133
Current Deferred & Refundable Income Taxes	1.34	1.55	2.26	1.34	4.06	6.35	11	8.90	4.83	4.65	5.21
Plant, Property, & Equipment, net	120	138	180	301	439	565	777	926	1,134	1,262	1,234
Total Noncurrent Assets	8.77	22	36	8.71	854	994	1,198	1,333	1,534	1,726	1,786
Other Noncurrent Operating Assets	0.26	0.82	1.62	2.58	854	994	1,161	1,333	1,526	1,726	1,786
Total Liabilities & Shareholders' Equity	393	501	696	952	1,959	2,315	2,880	3,325	3,872	4,340	4,937
Total Liabilities	149	169	237	337	1,199	1,433	1,760	1,963	2,287	2,531	2,744
Total Current Liabilities	102	117	164	253	351	436	587	603	716	756	954
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	58	51	73	104	130	139	196	221	256	260	368
Accrued Expenses	24	31	43	104	81	109	145	136	147	149	160
Current Deferred & Payable Income Tax Liabilities	12	24	25	21	9.51	2.03	28	20	42	52	57
Current Employee Benefit Liabilities	7.66	11	23	25	20	43	54	25	30	20	68
Other Current Liabilities	-	-	-	0.00	110	143	164	200	241	275	301
Total Noncurrent Liabilities	47	53	73	84	848	997	1,173	1,360	1,571	1,775	1,790
Noncurrent Deferred Revenue	47	53	73	84	-	-	-	-	-	-	8.67
Noncurrent Deferred & Payable Income Tax Liabilities	-	-	-	0.00	8.72	29	36	59	67	60	50
Other Noncurrent Operating Liabilities	-	-	-	0.00	839	968	1,137	1,301	1,504	1,715	1,731
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	244	331	459	615	760	882	1,120	1,362	1,585	1,808	2,193
Total Preferred & Common Equity	244	331	459	615	760	882	1,120	1,362	1,585	1,808	2,193
Total Common Equity	244	331	459	615	760	882	1,120	1,362	1,585	1,808	2,193
Common Stock	307	322	347	353	323	322	281	261	183	153	179
Retained Earnings	-63	9.25	112	262	437	560	839	1,101	1,402	1,655	2,014

This table presents Five Below's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	10/29/2022	4/29/2023	7/29/2023	10/28/2023	5/4/2024	8/3/2024	11/2/2024	5/3/2025	8/2/2025	11/1/2025	5/2/2026
Total Assets	3,164	3,381	3,549	3,657	3,947	4,013	4,185	4,453	4,607	4,789	5,055
Total Current Assets	957	1,084	1,112	1,091	1,150	1,119	1,212	1,473	1,585	1,760	2,062
Cash & Equivalents	44	335	335	163	96	209	170	427	563	351	639
Short-Term Investments	73	88	102	0.00	273	119	47	197	107	174	474
Inventories, net	702	534	544	763	630	640	818	702	800	1,112	813
Prepaid Expenses	113	117	121	141	146	137	157	142	110	111	130
Current Deferred & Refundable Income Taxes	25	8.90	11	24	4.83	14	20	4.65	4.66	13	5.21
Plant, Property, & Equipment, net	880	944	1,014	1,075	1,191	1,247	1,260	1,261	1,254	1,252	1,242
Total Noncurrent Assets	1,326	1,353	1,424	1,491	1,606	1,648	1,713	1,719	1,768	1,777	1,751
Other Noncurrent Operating Assets	1,326	1,353	1,424	1,491	1,606	1,648	1,713	1,719	1,768	1,766	1,751
Total Liabilities & Shareholders' Equity	3,164	3,381	3,549	3,657	3,947	4,013	4,185	4,453	4,607	4,789	5,055
Total Liabilities	1,979	1,993	2,109	2,280	2,363	2,405	2,569	2,595	2,699	2,839	2,743
Total Current Liabilities	640	619	649	758	742	685	875	862	925	1,097	983
Short-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable	280	234	249	349	222	256	352	277	372	520	352
Accrued Expenses	152	135	163	158	150	164	143	177	205	185	189
Current Deferred & Payable Income Tax Liabilities	0.00	28	0.00	0.00	52	0.00	0.00	72	0.00	0.08	95
Current Employee Benefit Liabilities	14	13	26	19	26	13	29	31	37	58	47
Other Current Liabilities	194	207	211	231	292	252	351	305	311	335	301
Total Noncurrent Liabilities	1,339	1,375	1,460	1,521	1,621	1,720	1,694	1,733	1,775	1,742	1,760
Noncurrent Deferred Revenue	4.31	4.63	4.93	4.63	8.23	8.66	8.96	8.05	10	8.76	11
Noncurrent Deferred & Payable Income Tax Liabilities	41	60	60	61	67	69	68	55	57	54	51
Other Noncurrent Operating Liabilities	1,294	1,310	1,395	1,455	1,546	1,642	1,617	1,670	1,707	1,679	1,698
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,184	1,387	1,440	1,378	1,585	1,608	1,616	1,858	1,907	1,950	2,312
Total Preferred & Common Equity	1,184	1,387	1,440	1,378	1,585	1,608	1,616	1,858	1,907	1,950	2,312
Total Common Equity	1,184	1,387	1,440	1,378	1,585	1,608	1,616	1,858	1,907	1,950	2,312
Common Stock	255	249	255	178	151	142	148	162	168	175	175
Retained Earnings	929	1,138	1,185	1,199	1,433	1,466	1,468	1,696	1,739	1,776	2,137

This table displays calculated financial ratios and metrics derived from Five Below's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	1/30/2016	1/28/2017	2/3/2018	2/2/2019	2/1/2020	1/30/2021	1/29/2022	1/28/2023	2/3/2024	2/1/2025	1/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	55,157,085.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	55,157,085.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	6.50
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Net Operating Profit after Tax (NOPAT)	58	72	102	146	172	125	289	260	289	242	341
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	19.07%	18.26%	13.41%	15.57%
Earnings before Interest and Taxes (EBIT)	93	114	157	187	217	155	380	345	386	324	457
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	115	141	191	229	272	224	465	451	516	491	650
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	24	50	82	460	-455	151	21	37	135	80	360
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	145	167	186	-128	498	472	740	963	1,117	1,280	1,261
Increase / (Decrease) in Invested Capital	34	22	19	-314	626	-26	268	222	154	162	-18
Book Value per Share	$4.48	$6.04	$8.30	$0.00	$13.65	$15.78	$20.00	$24.53	$28.72	$32.87	$39.76
Tangible Book Value per Share	$4.48	$6.04	$8.30	$0.00	$13.65	$15.78	$20.00	$24.53	$28.72	$32.87	$39.76
Total Capital	244	331	459	0.00	760	882	1,120	1,362	1,585	1,808	2,193
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-99	-164	-272	0.00	-262	-410	-380	-399	-468	-529	-932
Capital Expenditures (CapEx)	53	45	68	114	212	200	288	252	335	324	175
Debt-free, Cash-free Net Working Capital (DFCFNWC)	63	69	70	386	53	-90	-24	65	28	66	31
Debt-free Net Working Capital (DFNWC)	163	223	315	386	314	320	318	464	488	595	963
Net Working Capital (NWC)	163	223	315	386	314	320	318	464	488	595	963
Net Nonoperating Expense (NNE)	0.18	-0.19	-0.94	-3.61	-3.39	1.40	10	-1.87	-12	-11	-17
Net Nonoperating Obligations (NNO)	-99	-164	-272	-128	-262	-410	-380	-399	-468	-529	-932
Total Depreciation and Amortization (D&A)	22	27	33	41	55	69	85	106	131	167	192
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.06	$1.31	$1.86	$2.68	$3.14	$2.21	$4.98	$4.71	$5.43	$4.61	$6.51
Adjusted Weighted Average Basic Shares Outstanding	54.51M	54.85M	55.21M	55.76M	55.82M	55.82M	56.00M	55.55M	55.49M	55.06M	55.11M
Adjusted Diluted Earnings per Share	$1.05	$1.30	$1.84	$2.66	$3.12	$2.20	$4.95	$4.69	$5.41	$4.60	$6.47
Adjusted Weighted Average Diluted Shares Outstanding	54.79M	55.13M	55.56M	56.22M	56.17M	56.06M	56.30M	55.75M	55.62M	55.16M	55.44M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	54.59M	54.93M	55.48M	55.80M	55.60M	55.96M	55.72M	55.66M	55.24M	55.05M	55.24M
Normalized Net Operating Profit after Tax (NOPAT)	58	72	102	146	172	125	289	260	289	242	341
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-

This table displays calculated financial ratios and metrics derived from Five Below's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	10/28/2023	2/3/2024	5/4/2024	8/3/2024	11/2/2024	2/1/2025	5/3/2025	8/2/2025	11/1/2025	1/31/2026	5/2/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	55,157,085.00	55,238,434.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	55,157,085.00	55,238,434.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	4.32	2.23
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	14.17%	19.15%	11.79%	9.37%	14.57%	3.97%	19.54%	23.71%	23.06%	-	32.46%
EBITDA Growth	2.46%	19.97%	2.42%	-7.26%	-14.15%	-4.34%	32.83%	20.58%	116.01%	-	110.82%
EBIT Growth	-22.98%	18.90%	-14.76%	-29.16%	-103.76%	-8.08%	40.66%	26.15%	7,246.04%	-	203.35%
NOPAT Growth	-23.76%	17.35%	-19.88%	-29.51%	-103.86%	-7.37%	33.94%	25.81%	7,032.33%	-	215.39%
Net Income Growth	-9.61%	18.02%	-16.04%	-29.54%	-88.44%	-7.29%	30.77%	29.58%	2,063.90%	-	199.06%
EPS Growth	-10.34%	18.57%	-14.93%	-28.57%	-88.46%	-6.59%	31.58%	28.33%	2,100.00%	-	194.67%
Operating Cash Flow Growth	15.10%	13.29%	-69.00%	-15.15%	60.48%	-10.84%	401.77%	30.51%	-162.01%	-	71.28%
Free Cash Flow Firm Growth	58.94%	185.23%	-66.68%	-250.61%	-36.36%	-50.91%	108.04%	133.24%	109.16%	-	743.72%
Invested Capital Growth	13.81%	16.03%	26.07%	27.52%	15.16%	14.54%	1.57%	-3.35%	1.09%	-	-2.83%
Revenue Q/Q Growth	-2.97%	81.66%	-39.31%	2.24%	1.64%	64.85%	-30.22%	5.80%	1.11%	-	-25.62%
EBITDA Q/Q Growth	-44.45%	514.68%	-76.00%	13.15%	-48.57%	584.89%	-66.67%	2.71%	-7.87%	-	-42.93%
EBIT Q/Q Growth	-72.48%	1,564.96%	-86.53%	14.82%	-101.46%	40,820.13%	-79.39%	2.99%	-17.30%	-	-50.39%
NOPAT Q/Q Growth	-72.41%	1,555.26%	-86.12%	11.17%	-101.51%	39,833.31%	-79.92%	4.42%	-16.77%	-	-50.03%
Net Income Q/Q Growth	-68.84%	1,285.49%	-84.44%	4.87%	-94.89%	11,011.86%	-78.05%	3.92%	-14.63%	-	-48.34%
EPS Q/Q Growth	-69.05%	1,300.00%	-84.34%	5.26%	-95.00%	11,233.33%	-77.94%	2.67%	-14.29%	-	-48.48%
Operating Cash Flow Q/Q Growth	-192.14%	626.92%	-93.52%	169.51%	-142.92%	1,288.76%	-63.51%	-29.90%	-186.16%	-	-48.46%
Free Cash Flow Firm Q/Q Growth	-93.41%	133.11%	-598.69%	-9.80%	24.77%	111.92%	-18.33%	353.99%	-79.27%	-	-39.86%
Invested Capital Q/Q Growth	21.04%	-8.06%	8.77%	5.35%	9.31%	-8.55%	-3.55%	0.24%	14.34%	-	-4.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	30.26%	41.23%	32.46%	32.74%	30.58%	40.21%	33.38%	33.34%	33.85%	-	37.23%
EBITDA Margin	6.75%	22.84%	9.03%	10.00%	5.06%	21.01%	10.04%	9.74%	8.88%	-	15.97%
Operating Margin	2.19%	20.07%	4.45%	5.00%	-0.07%	17.74%	5.24%	5.10%	4.17%	-	12.00%
EBIT Margin	2.19%	20.07%	4.45%	5.00%	-0.07%	17.74%	5.24%	5.10%	4.17%	-	12.00%
Profit (Net Income) Margin	1.98%	15.12%	3.88%	3.98%	0.20%	13.48%	4.24%	4.16%	3.52%	-	9.57%
Tax Burden Percent	74.62%	74.19%	76.49%	74.05%	76.61%	74.76%	72.84%	73.85%	74.32%	-	75.73%
Interest Burden Percent	121.30%	101.53%	113.80%	107.36%	-363.37%	101.62%	111.11%	110.58%	113.42%	-	105.35%
Effective Tax Rate	25.38%	25.81%	23.51%	25.95%	23.39%	25.24%	27.16%	26.15%	25.68%	-	24.27%
Return on Invested Capital (ROIC)	4.79%	50.96%	11.40%	12.05%	-0.16%	42.91%	12.57%	12.66%	9.75%	-	37.93%
ROIC Less NNEP Spread (ROIC-NNEP)	2.96%	50.25%	10.43%	11.46%	-1.29%	42.31%	11.75%	11.84%	8.60%	-	37.21%
Return on Net Nonoperating Assets (RNNOA)	-0.32%	-14.79%	-2.78%	-2.87%	0.16%	-12.43%	-3.39%	-3.36%	-1.82%	-	-15.50%
Return on Equity (ROE)	4.46%	36.17%	8.61%	9.18%	0.00%	30.48%	9.18%	9.30%	7.94%	-	22.43%
Cash Return on Invested Capital (CROIC)	9.86%	12.99%	2.87%	-0.58%	5.59%	6.68%	19.00%	24.05%	19.69%	-	37.50%
Operating Return on Assets (OROA)	2.15%	19.85%	4.43%	4.91%	-0.07%	16.75%	5.03%	5.01%	4.11%	-	12.82%
Return on Assets (ROA)	1.94%	14.95%	3.86%	3.91%	0.20%	12.72%	4.07%	4.09%	3.47%	-	10.23%
Return on Common Equity (ROCE)	4.46%	36.17%	8.61%	9.18%	0.00%	30.48%	9.18%	9.30%	7.94%	-	22.43%
Return on Equity Simple (ROE_SIMPLE)	19.61%	0.00%	18.62%	17.49%	16.61%	0.00%	14.17%	0.00%	0.00%	-	0.00%
Net Operating Profit after Tax (NOPAT)	12	199	28	31	-0.46	184	37	39	32	234	117
NOPAT Margin	1.63%	14.89%	3.41%	3.70%	-0.06%	13.26%	3.82%	3.77%	3.10%	-	9.09%
Net Nonoperating Expense Percent (NNEP)	1.83%	0.70%	0.96%	0.59%	1.13%	0.60%	0.83%	0.82%	1.15%	-	0.72%
Return On Investment Capital (ROIC_SIMPLE)	-	12.57%	-	-	-	10.20%	1.99%	2.03%	1.65%	10.66%	5.05%
Cost of Revenue to Revenue	69.74%	58.77%	67.54%	67.26%	69.42%	59.79%	66.63%	66.66%	66.15%	-	62.77%
SG&A Expenses to Revenue	23.51%	18.40%	23.43%	22.75%	25.53%	19.20%	23.34%	23.60%	24.97%	-	21.26%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Operating Expenses to Revenue	28.07%	21.17%	28.01%	27.74%	30.66%	22.47%	28.14%	28.24%	29.68%	-	25.23%
Earnings before Interest and Taxes (EBIT)	16	268	36	42	-0.61	247	51	52	43	311	154
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	50	306	73	83	43	292	97	100	92	360	205
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.86	6.31	5.05	2.37	3.27	2.85	2.50	3.84	4.45	-	5.51
Price to Tangible Book Value (P/TBV)	6.86	6.31	5.05	2.37	3.27	2.85	2.50	3.84	4.45	-	5.51
Price to Revenue (P/Rev)	2.83	2.81	2.19	1.03	1.38	1.33	1.15	1.73	1.96	-	2.51
Price to Earnings (P/E)	34.98	33.20	27.11	13.55	19.66	20.34	17.63	26.85	28.17	-	28.90
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Earnings Yield	2.86%	3.01%	3.69%	7.38%	5.09%	4.92%	5.67%	3.72%	3.55%	-	3.46%
Enterprise Value to Invested Capital (EV/IC)	7.65	8.53	6.28	2.72	3.62	3.62	3.26	5.38	5.75	-	9.69
Enterprise Value to Revenue (EV/Rev)	2.78	2.68	2.09	0.94	1.32	1.19	1.00	1.57	1.84	-	2.29
Enterprise Value to EBITDA (EV/EBITDA)	19.96	18.45	14.73	6.81	10.03	9.42	7.80	12.51	13.98	-	15.34
Enterprise Value to EBIT (EV/EBIT)	27.09	24.71	20.11	9.61	14.65	14.30	11.87	19.07	20.69	-	20.72
Enterprise Value to NOPAT (EV/NOPAT)	35.74	32.92	27.00	12.92	19.67	19.09	15.96	25.65	27.84	-	27.58
Enterprise Value to Operating Cash Flow (EV/OCF)	20.56	19.07	17.31	8.14	10.66	10.75	7.48	11.92	15.98	-	17.06
Enterprise Value to Free Cash Flow (EV/FCFF)	82.60	70.51	243.82	0.00	69.31	57.85	17.26	22.01	29.38	-	25.47
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Financial Leverage	-0.11	-0.29	-0.27	-0.25	-0.13	-0.29	-0.29	-0.28	-0.21	-	-0.42
Leverage Ratio	2.66	2.44	2.47	2.48	2.62	2.42	2.44	2.45	2.52	-	2.28
Compound Leverage Factor	3.23	2.48	2.81	2.66	-9.52	2.46	2.71	2.71	2.85	-	2.40
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Common Equity to Total Capital	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	-	100.00%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Net Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Altman Z-Score	3.99	4.43	3.62	2.55	2.73	3.00	2.72	3.29	3.47	-	4.74
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.44	1.68	1.55	1.63	1.38	1.79	1.71	1.71	1.60	-	2.10
Quick Ratio	0.21	0.64	0.50	0.48	0.25	0.70	0.72	0.72	0.48	-	1.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-135	45	-224	-245	-185	22	18	82	17	252	152
Operating Cash Flow to CapEx	-67.00%	395.36%	30.09%	68.78%	-38.04%	697.24%	366.38%	207.96%	-151.09%	-	611.00%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.98	0.99	0.99	0.98	0.98	0.94	0.96	0.98	0.99	-	1.07
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Inventory Turnover	2.96	4.11	4.02	4.07	3.13	4.06	3.94	3.82	2.95	-	4.24
Fixed Asset Turnover	3.42	3.46	3.41	3.29	3.27	3.24	3.29	3.38	3.52	-	4.06
Accounts Payable Turnover	6.90	9.58	10.27	9.53	7.07	9.77	10.52	8.76	6.54	-	10.22
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Days Inventory Outstanding (DIO)	123.21	88.82	90.72	89.76	116.43	89.96	92.71	95.59	123.61	-	86.16
Days Payable Outstanding (DPO)	52.92	38.12	35.55	38.30	51.66	37.36	34.68	41.69	55.84	-	35.71
Cash Conversion Cycle (CCC)	70.29	50.70	55.17	51.45	64.77	52.61	58.03	53.90	67.78	-	50.45
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	1,215	1,117	1,215	1,280	1,399	1,280	1,234	1,237	1,414	1,261	1,199
Invested Capital Turnover	2.93	3.42	3.35	3.25	2.93	3.24	3.30	3.36	3.15	-	4.17
Increase / (Decrease) in Invested Capital	147	154	251	276	184	162	19	-43	15	-18	-35
Enterprise Value (EV)	9,290	9,528	7,629	3,483	5,060	4,630	4,017	6,661	8,137	-	11,620
Market Capitalization	9,453	9,996	7,999	3,810	5,277	5,159	4,641	7,332	8,673	-	12,734
Book Value per Share	$24.74	$28.72	$28.69	$29.19	$29.38	$32.87	$33.75	$34.64	$35.37	$39.76	$41.86
Tangible Book Value per Share	$24.74	$28.72	$28.69	$29.19	$29.38	$32.87	$33.75	$34.64	$35.37	$39.76	$41.86
Total Capital	1,378	1,585	1,585	1,608	1,616	1,808	1,858	1,907	1,950	2,193	2,312
Total Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-163	-468	-370	-328	-217	-529	-624	-670	-536	-932	-1,113
Capital Expenditures (CapEx)	115	103	88	104	80	52	36	45	53	41	37
Debt-free, Cash-free Net Working Capital (DFCFNWC)	170	28	39	106	120	66	-13	-9.87	139	31	-34
Debt-free Net Working Capital (DFNWC)	333	488	409	433	337	595	611	660	663	963	1,079
Net Working Capital (NWC)	333	488	409	433	337	595	611	660	663	963	1,079
Net Nonoperating Expense (NNE)	-2.56	-3.05	-3.82	-2.26	-2.15	-2.99	-4.11	-4.09	-4.32	-4.49	-6.25
Net Nonoperating Obligations (NNO)	-163	-468	-370	-328	-217	-529	-624	-670	-536	-932	-1,113
Total Depreciation and Amortization (D&A)	34	37	37	41	43	46	47	48	49	49	51
Debt-free, Cash-free Net Working Capital to Revenue	5.08%	0.77%	1.08%	2.84%	3.14%	1.71%	-0.31%	-0.23%	3.13%	-	-0.67%
Debt-free Net Working Capital to Revenue	9.95%	13.70%	11.22%	11.66%	8.81%	15.35%	15.15%	15.60%	14.98%	-	21.25%
Net Working Capital to Revenue	9.95%	13.70%	11.22%	11.66%	8.81%	15.35%	15.15%	15.60%	14.98%	-	21.25%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.26	$3.66	$0.57	$0.60	$0.03	$3.41	$0.75	$0.78	$0.66	$4.32	$2.23
Adjusted Weighted Average Basic Shares Outstanding	55.45M	55.49M	55.17M	55.03M	55.01M	55.06M	55.05M	55.07M	55.15M	55.11M	55.26M
Adjusted Diluted Earnings per Share	$0.26	$3.64	$0.57	$0.60	$0.03	$3.40	$0.75	$0.77	$0.66	$4.29	$2.21
Adjusted Weighted Average Diluted Shares Outstanding	55.58M	55.62M	55.26M	55.04M	55.11M	55.16M	55.19M	55.39M	55.57M	55.44M	55.61M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	55.19M	55.24M	55.07M	55.00M	55.01M	55.05M	55.06M	55.15M	55.16M	55.24M	55.30M
Normalized Net Operating Profit after Tax (NOPAT)	12	199	28	31	-0.46	184	37	39	32	234	117
Normalized NOPAT Margin	1.63%	14.89%	3.41%	3.70%	-0.06%	13.26%	3.82%	3.77%	3.10%	-	9.09%
Pre Tax Income Margin	2.66%	20.37%	5.07%	5.37%	0.26%	18.03%	5.82%	5.64%	4.73%	-	12.64%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-	0.00%
Augmented Payout Ratio	29.80%	26.75%	37.51%	42.94%	14.99%	15.86%	3.82%	0.00%	0.00%	-	0.00%

Financials Breakdown Chart

Key Financial Trends

Five Below (FIVE) finished Q4 2025 with stronger revenue, earnings and cash flow versus prior-year periods, continuing a multi-year growth trend. Below are the key takeaways across the last four years of quarterly results, focused on the most meaningful, investable signals for retail investors.

Revenue growth: Q4 2025 operating revenue was about $1.73B, roughly 24% higher than Q4 2024’s $1.39B, reflecting sustained top-line expansion.
Gross profitability: Q4 2025 gross profit ≈ $697M, with gross margin near 40% on the $1.73B revenue base, indicating solid product margin care as stores scale.
Earnings expansion: Net income attributable to common shareholders ≈ $238M in Q4 2025, with basic and diluted EPS of $4.32 and $4.29, up meaningfully from the prior-year quarter.
Operating cash flow: Net cash from continuing operating activities in Q4 2025 ≈ $441M, showing strong quarterly cash generation despite quarterly fluctuations in earlier periods.

Balance-sheet growth: Total assets rose to ≈ $4.79B by Q3 2025 vs ≈ $4.19B a year earlier, signaling asset base expansion to support ongoing growth.
Equity and earnings quality: Retained earnings and overall equity base trended higher over the four-year window, helping support a stronger balance sheet and potential financing flexibility.
Inventory and working capital: Inventories rose across the period (e.g., higher net inventory levels in mid-2020s quarters), aligning with revenue growth but introducing higher working-capital needs to monitor for turnover and carrying costs.

Cash-flow volatility: Net cash from continuing operating activities turned negative in some quarters (e.g., about -$80M in Q3 2025) before rebounding in Q4 2025, suggesting cyclicality or working-capital timing risk.
Investing outflows: Net cash from investing activities remained a net outflow in multiple periods, reflecting ongoing capital expenditures and investments (e.g., notable investing outflows in Q4 2025 around -$64M).
Near-term liquidity risk: While quarterly results are strong, high current liabilities and working-capital needs (inventories, payables, accruals) could pressure liquidity if margin or sales momentum slows, necessitating ongoing monitoring of cash conversion and capital management.

06/08/26 03:39 PM ETAI Generated. May Contain Errors.

Five Below Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Five Below's financial year ends in January. Their financial year 2026 ended on January 31, 2026.

Five Below's net income appears to be on an upward trend, with a most recent value of $358.64 million in 2025, rising from $57.68 million in 2015. The previous period was $253.61 million in 2024. Find out what analysts predict for Five Below in the coming months.

Five Below's total operating income in 2025 was $457.40 million, based on the following breakdown:

Total Gross Profit: $1.71 billion
Total Operating Expenses: $1.26 billion

Over the last 10 years, Five Below's total revenue changed from $831.95 million in 2015 to $4.76 billion in 2025, a change of 472.6%.

Five Below's total liabilities were at $2.74 billion at the end of 2025, a 8.4% increase from 2024, and a 1,743.7% increase since 2015.

In the past 10 years, Five Below's cash and equivalents has ranged from $53.08 million in 2015 to $723.70 million in 2025, and is currently $723.70 million as of their latest financial filing in 2025.

Over the last 10 years, Five Below's book value per share changed from 4.48 in 2015 to 39.76 in 2025, a change of 787.2%.

Related Companies

Financial statements for NASDAQ:FIVE last updated on 6/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Five Below (FIVE) Financials

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Five Below (FIVE) Financials

Annual Income Statements for Five Below

Quarterly Income Statements for Five Below

Annual Cash Flow Statements for Five Below

Quarterly Cash Flow Statements for Five Below

Annual Balance Sheets for Five Below

Quarterly Balance Sheets for Five Below

Annual Metrics And Ratios for Five Below

Quarterly Metrics And Ratios for Five Below

Financials Breakdown Chart

Key Financial Trends

Five Below Financials - Frequently Asked Questions

When does Five Below's fiscal year end?

How has Five Below's net income changed over the last 10 years?

What is Five Below's operating income?

How has Five Below's revenue changed over the last 10 years?

How much debt does Five Below have?

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How has Five Below's book value per share changed over the last 10 years?

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