Five Below (FIVE) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Five Below

NasdaqGS•Consumer Cyclical•Specialty Retail

$234.14-2.66(-0.01%)Market closed

Market Cap

$12.91B

P/E

20.8x

P/S

2.4x

P/B

5.2x

Five Below, Inc. operates as a specialty value retailer in the United States. It offers assortment of classic and novelty candy bars, movie-size box candy, seasonal-related candy, gum, and snack food products, as well as sells chilled drinks through coolers; socks, jewelry, hair accessories, cozy loungewear, and t-shirts; personal care essentials, skincare, fragrance, and branded cosmetics; and party goods, decorations, gag gifts, greeting cards, and every day and special occasion merchandise products. The company also provides personalized living space products, such as lamps, posters, frames, fleece blankets, plush items, pillows, candles, incense, lighting, novelty décor, accent furniture, and related items, as well as provides storage options; assortment of craft activity kits with various arts and crafts supplies, such as markers, paint, canvas, compounds, slime, beads, and stickers; and supplies craft activities and school products. In addition, it offers cell phone cables and chargers, power banks, phone cases and accessories, screen protectors, auto phone accessories, and computer and tablet accessories, as well as earbuds, headphones, and speakers. Further, the company provides assortment of sport balls, sports accessories and fitness products, including hand weights and yoga mats; toys, including brand name board games, puzzles, action figures, construction sets, remote control, collectibles, novelty toys, and plush products; and outdoor toys for the pool and beach. Additionally, it offers seasonally relevant items to use for the occasions and milestones, such as Holiday, Easter, Halloween, Summer, and Back to School. The company was formerly known as Cheap Holdings, Inc. and changed its name to Five Below, Inc. in August 2002. Five Below, Inc. was incorporated in 2002 and is headquartered in Philadelphia, Pennsylvania.

How this company scores

ExcellentMetricSide Score: 85/100

Strongest: Growth (24/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability23/25

Growth24/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Growing revenueRising free cash flowHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 20.8x5y range 13.5x – 42.5x

Currently below its 20-quarter median.

P/S · 2.4x5y range 1.0x – 4.1x

Currently near its 20-quarter median.

P/B · 5.2x5y range 2.4x – 10.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $12.91B

Metrics at a Glance

as of August 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $5.31B
Q. Revenue: $1.26B
TTM EBITDA: $983.98M
TTM Op. Income: $783.78M
Q. Op. Income: $275.35M
TTM Net Income: $619.18M
Q. Net Income: $221.40M
EPS: $4.02
Shares Out.: $55.13M

$5.31B in TTM revenue grew 25.6% YoY, reaching $1.26B last quarter. TTM EBITDA of $983.98M and TTM operating income of $783.78M show growth is flowing through to the bottom line. TTM net income of $619.18M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 48.5%
EBITDA Margin: 25.9%
Op. Margin: 21.8%
Net Margin: 17.6%

Op. margin of 21.8% is up 16.7% YoY — cost efficiency is improving. Net margin at 17.6% and gross margin of 48.5% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 328% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 20.8x
P/S Ratio: 2.4x
P/B Ratio: 5.2x

At 20.8x P/E, the stock trades within typical market levels. P/S of 2.4x and P/B of 5.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has fallen for 2 consecutive quarters — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.28B
Cash: $561.08M
Long-Term Debt: N/A
Book Value: $2.48B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $215.49M
TTM Free Cash Flow: $599.25M
FCF Margin: 11.3%
FCF / Net Income: 1.0

TTM FCF of $599.25M on $215.49M in operating cash flow. The FCF / Net Income ratio of 1.0x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 3 consecutive quarters — an improving trend.