FIVE Below
FIVE · NasdaqRetail-Variety Stores · Fiscal year ends Jan 30
FIVE Below reported revenue of $4.8B in the fiscal year ended Jan 2026, up 22.9% from the year before. Operating income was $457M, an operating margin of 9.6%, and net income was $359M. Operating cash flow of $586M less capital expenditure of $175M left free cash flow of $412M.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.1B | $3.6B | $3.9B | $4.8B |
| Cost of revenue | $1.8B | $2B | $2.3B | $2.5B | $3B |
| Gross profit | $1B | $1.1B | $1.3B | $1.4B | $1.7B |
| Selling, general & admin | $566M | $645M | $758M | $861M | $1.1B |
| Operating income | $380M | $345M | $386M | $324M | $457M |
| Pre-tax income | $367M | $348M | $401M | $339M | $480M |
| Income tax | $88M | $86M | $100M | $85M | $122M |
| Net income | $279M | $262M | $301M | $254M | $359M |
| Diluted EPS | 4.95 | 4.69 | 5.41 | 4.60 | 6.47 |
| Diluted shares | 56M | 56M | 56M | 55M | 55M |
Balance sheet
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $65M | $332M | $180M | $332M | $724M |
| Inventory | $455M | $528M | $585M | $660M | $847M |
| Current assets | $905M | $1.1B | $1.2B | $1.4B | $1.9B |
| Net PP&E | $777M | $926M | $1.1B | $1.3B | $1.2B |
| Total assets | $2.9B | $3.3B | $3.9B | $4.3B | $4.9B |
| Payables | $196M | $221M | $256M | $260M | $368M |
| Current liabilities | $587M | $603M | $716M | $756M | $954M |
| Total liabilities | $1.8B | $2B | $2.3B | $2.5B | $2.7B |
| Shareholders' equity | $1.1B | $1.4B | $1.6B | $1.8B | $2.2B |
Cash flow
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $328M | $315M | $500M | $431M | $586M |
| Capital expenditure | $288M | $252M | $335M | $324M | $175M |
| Free cash flow | $40M | $63M | $165M | $107M | $412M |
| Depreciation & amortisation | $85M | $106M | $131M | $167M | $192M |
| Stock-based compensation | $26M | $24M | $18M | $16M | $35M |
| Share buybacks | $60M | $40M | $81M | $40M | $0 |
Key ratios
| Fiscal year | Jan 2022 | Jan 2023 | Feb 2024 | Feb 2025 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 8.0% | 15.7% | 8.9% | 22.9% |
| Operating income growth (YoY) | – | −9.2% | 11.7% | −16.0% | 41.3% |
| EPS growth (YoY) | – | −5.3% | 15.4% | −15.0% | 40.7% |
| Gross margin | 36.2% | 35.6% | 35.8% | 34.9% | 36.0% |
| Operating margin | 13.3% | 11.2% | 10.8% | 8.4% | 9.6% |
| Net margin | 9.8% | 8.5% | 8.5% | 6.5% | 7.5% |
| Return on equityBlank when equity is negative | 24.9% | 19.2% | 19.0% | 14.0% | 16.4% |
| ROCEEBIT ÷ (assets − current liabilities) | 16.6% | 12.7% | 12.2% | 9.0% | 11.5% |
| Free cash flow margin | 1.4% | 2.0% | 4.6% | 2.8% | 8.6% |
| Cash conversion (CFO ÷ net income) | 1.18x | 1.20x | 1.66x | 1.70x | 1.64x |
| Inventory days | 91 | 97 | 93 | 95 | 101 |
| Payable days | 39 | 41 | 41 | 38 | 44 |
| Current ratio | 1.54x | 1.77x | 1.68x | 1.79x | 2.01x |
Recent filings
More in Retail-Variety Stores
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.