FIVE
Five Below, Inc.
FIVE's fundamentals are strong and it looks cheap: trading at 22x earnings, below its usual 35x. Analysts expect strong earnings growth.
FIVE Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Strong | |
| Healthy | |
| Strong |
FIVE's revenue, profitability, cash flow and balance sheet are all currently healthy.
FIVE PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Current | 22x | $247 | — |
| Cheap | 23x | $252 | +2.1% |
| Forward | 24x | $247 | — |
| Fair | 35x | $390 | +58% |
| Expensive | 49x | $546 | +121% |
Historical ranges are pointers, not guarantees.
FIVE's PE is in its cheap range at 22x. On analysts' estimates for next year's earnings, today's price would be 24x.
FIVE Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Strong growth | |
| Growth | |
| Improving | |
| Moderate | |
| High |
Analysts expect earnings and revenue growth for FIVE, with profitability improving.
FIVE Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $10.31 | -7.5% |
| Q3 2026 | $11.15 | +126% |
| Q2 2026 | $7.93 | +66% |
| Q1 2026 | $6.47 | +41% |
| Q4 2025 | $5.57 | +15% |
| Q3 2025 | $4.94 | -2.8% |
| Q2 2025 | $4.77 | -10% |
| Q1 2025 | $4.59 | -15% |
| Q4 2024 | $4.85 | +0.2% |
FIVE earned $11.15 per share over the past year, up 126% from the year before.
FIVE Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $1.3B | +23% |
| Q2 2026 | $1.3B | +32% |
| Q1 2026 | $1.7B | +24% |
| Q4 2025 | $1B | +23% |
| Q3 2025 | $1B | +24% |
| Q2 2025 | $970.5M | +20% |
| Q1 2025 | $1.4B | +4% |
| Q4 2024 | $843.7M | +15% |
FIVE's revenue has grown year over year every quarter since late 2020: $1.3B last quarter, up 23% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +17 points |
| Q2 2026 | 12% | +6.8 points |
| Q1 2026 | 18% | +0.3 points |
| Q4 2025 | 4.2% | +4.2 points |
| Q3 2025 | 5.1% | +0.1 points |
| Q2 2025 | 5.2% | +0.8 points |
| Q1 2025 | 18% | -2.3 points |
| Q4 2024 | -0.1% | -2.3 points |
FIVE's operating margin was 22% last quarter, up 17 points from the same quarter a year ago, near the top of its range since 2019.
FIVE Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $142.3M | +195% |
| Q2 2026 | $190M | +97% |
| Q1 2026 | $400.1M | +28% |
| Q4 2025 | -$133.2M | -$22.2M |
| Q3 2025 | $48.3M | +$80.6M |
| Q2 2025 | $96.5M | +$157.9M |
| Q1 2025 | $311.4M | +2.2% |
| Q4 2024 | -$111M | +$81.9M |
FIVE generated $599M in free cash flow over the past year, up 74% from the year before.
FIVE Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -0.2% | -133K shares |
| 1 year | +0.2% | +85.1K shares |
| 3 years | -0.6% | -327K shares |
| 5 years | -1.5% | -825K shares |
| Available history | -1% | -545K shares |
FIVE has 55M diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q1 2026 | — |
| Q4 2025 | — |
| Q3 2025 | — |
| Q2 2025 | — |
| Q1 2025 | $13,000 |
| Q4 2024 | — |
| Q3 2024 | $10.1M |
| Q2 2024 | $30.2M |
FIVE Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.6x | Net Cash |
| Q2 2026 | -0.8x | Net Cash |
| Q1 2026 | -1.1x | Net Cash |
| Q4 2025 | -0.6x | Net Cash |
| Q3 2025 | -1.1x | Net Cash |
| Q2 2025 | -0.8x | Net Cash |
| Q1 2025 | -0.7x | Net Cash |
| Q4 2024 | -0.3x | Net Cash |
FIVE has more cash than debt.
FIVE Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 60.9 | Neutral |
| Stochastic | 66.1 | Neutral |
FIVE's weekly RSI is 61 (neutral) and its Stochastic is 66 (neutral).
FIVE PE vs Consumer Cyclical Sector
| Metric | FIVE | Sector median | Relative |
|---|---|---|---|
| PE | 22x | 18x | 23% above |
| PE % | 16 | 47 | 31 pts below |
FIVE is trading at 22x earnings, a 23% premium to the Consumer Cyclical sector's median of 18x.
FIVE Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $229.1 | 7.9% above |
| 20 week MA | $227.0 | 8.9% above |
| 50 week MA | $215.4 | 15% above |
| 100 week MA | $166.0 | 49% above |
| 200 week MA | $162.4 | 52% above |
FIVE is in an uptrend: it's above all five of its weekly moving averages, and 52% above its 200-week average.
FIVE Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $125.4 | $158.9 | +27% |
| 2021 | $158.9 | $193.6 | +22% |
| 2022 | $193.6 | $174.8 | -9.7% |
| 2023 | $174.8 | $213.2 | +22% |
| 2024 | $213.2 | $109.2 | -49% |
| 2025 | $109.2 | $189.9 | +74% |
| 2026 YTD | $189.9 | $247.2 | +30% |
FIVE has finished higher in four of the last six years. It's up 30% so far in 2026.