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FIVEFive Below, Inc.
$232.28$12.6B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
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P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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FIVE logo

Five Below, Inc.

FIVE
NASDAQ · Discount Stores
$232.28
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$12.84B
P/E36.0x
52W High$263.88
Volume1.3M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Accelerating Growth and Margin Expansion Amidst Valuation Concerns

Five Below is demonstrating a powerful operational inflection, with Q2 2026 revenue growth accelerating to 22.9% and operating margin expanding to 21.8%, driven by successful store expansion and the 'Five Beyond' strategy. The company's balance sheet remains h...

GrowthAccelerating
ProfitabilityStrong
ValuationExpensive
TechnicalsMixed
Explore valuation models
MARKET ACTION

FIVE price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

9/12 Beats

EPS beat 9 of last 12 quarters

02

Valuation risk

+34% Peers

P/E is 34% above peer median

03

Market leadership

RS 76 · Avg

Average momentum (RS Rating: 76)

04

Mixed Trend

Mixed

Price < 50DMA but > 200DMA

Next CatalystEstimated earnings · Dec 2
01

Build the investment case

Start with the evidence for owning the stock and the risks that can break the thesis.

EXECUTIVE THESIS

The Investment Case

Full Analysis
Fundamental Trajectory

Revenue growth has accelerated to 22.9% year-over-year in Q2 2026, while gross margin expanded dramatically to 48.5%, signaling strong pricing power and operational leverage.

Analyst Consensus+31.3% target
Buy(50 analysts)
30 Buy20 Hold0 Sell

The Bull Case

Upside Catalysts

Strong Q1 financial performance

Five Below reported a 32.5% increase in Q1 net sales to $1.3 billion and a 22.7% increase in comparable sales, with GAAP diluted EPS of $2.21.

Raised full-year guidance

The company raised its full-year 2026 guidance, projecting net sales of $5.40 billion and showing confidence in future performance.

Expanding store footprint

A bull case scenario includes opening 230+ new stores, contributing to potential EPS growth of 20%.

The Bear Case

Key Downside Risks

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
FIVE+20.07%
S&P 500 (^GSPC)+13.20%
1-Year Return
FIVE+51.04%
S&P 500 (^GSPC)+15.98%
3-Year Return
FIVE+57.08%
S&P 500 (^GSPC)+78.68%
5-Year Return
FIVE+21.17%
S&P 500 (^GSPC)+69.16%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
35.2x
Forward P/E
35.7x
EV/EBITDA40th %ile
21.4x
FCF YieldCash Flow
3.3%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
35.2x
33.1x
80th· High
EV/EBITDA
21.4x
22.4x
40th· Fair
Price/FCF
30.5x
60.7x
20th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$35.01-84.9%
Base (Fair)$101.56-56.6%
Bull$148.06-36.3%
$35.01 Bear$101.56 Base$148.06 Bull
Current Market Price: $232.28
Trades at a 128.7% premium to Base DCF ($101.56)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$4.76B+22.9% YoY
Net income
$359M+41.4% YoY
Free cash flow
$412M+286.0% YoY
Operating margin
9.6%+1.2 pts YoY
ROIC (TTM)9.9%
Avg ROIC 5Y-
ROE (TTM)17.9%
Piotroski Score6 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate9/12 (75%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Sep 2, 2026
$1.68+20.0%
vs $1.40
$1.3B+3.3%
vs $1.2B
Q3 2026
Jun 3, 2026
$2.22+25.4%
vs $1.77
$1.3B+4.6%
vs $1.2B
Q2 2026
Mar 18, 2026
$4.31+7.8%
vs $4.00
$1.7B+1.0%
vs $1.7B
Q4 2025
Dec 3, 2025
$0.68+173.4%
vs $0.25
$1.0B+5.8%
vs $981M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·2d ago
Why Five Below (FIVE) is a Top Growth Stock for the Long-Term

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Zacks Investment Research·2d ago
Best Growth Stocks to Buy for September 21st

WOOF, FIVE and OSCR made it to the Zacks Rank #1 (Strong Buy) growth stocks list on September 21st, 2026.

Zacks Investment Research·5d ago
FIVE Raises 2026 Outlook as Traffic and Margins Drive Earnings Higher

Five Below raised its fiscal 2026 outlook after a Q2 beat, as stronger traffic, margins and product newness lifted its earnings trajectory.

Zacks Investment Research·5d ago
Is FIVE Stock Still Worth Buying as Growth Meets a Premium Valuation?

Five Below's stronger traffic, margins and fiscal 2026 earnings outlook bolster growth, but a premium valuation and cost risks raise the execution bar.

Filtered for Five Below, Inc.More Headlines
04

Compare before deciding

Benchmark FIVE against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Five Below, Inc. (FIVE)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
FIVE logoFIVEFive Below, Inc.Current
$232.28$12.84B35.9622.9%7.53%17.92%—
DLTR logoDLTRDollar Tree, Inc.
$115.04$22.11B19.3710.43%8.03%45.58%—
DG logoDGDollar General Corporation
$122.62$27.05B17.905.2%3.9%19.56%—
PSMT logoPSMTPriceSmart, Inc.
$172.81$5.33B35.857.25%2.78%12.01%—
GO logoGOGrocery Outlet Holding Corp.
$11.49$1.14B-5.007.26%-8.04%-40.07%—
OLLI logoOLLIOllie's Bargain Outlet Holdings, Inc.
$82.48$4.99B21.2016.62%9.79%14.58%—

Compare FIVE vs Peers

Five Below, Inc. (FIVE) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs DLTR

Most directly comparable listed peer for FIVE.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare FIVE against a more recognizable public peer.

Peer Set

Compare Top 5

vs DLTR, DG, PSMT, GO

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

FIVE SEC Filings & Documents

Five Below, Inc. (FIVE) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Sep 2, 2026·SEC

Material company update

Mar 18, 2026·SEC

Material company update

Feb 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Mar 19, 2026·SEC

FY 2025

Mar 20, 2025·SEC

10-Q Quarterly Reports

6
FY 2026

Sep 3, 2026·SEC

FY 2026

Jun 4, 2026·SEC

FY 2025

Dec 4, 2025·SEC

Get notified when FIVE posts new earnings or crosses analyst targets

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FIVE Frequently Asked Questions

Five Below, Inc. (FIVE) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Five Below, Inc.'s revenue?

Five Below, Inc. (FIVE) reported $5.31B in revenue for fiscal year 2025. This represents a 2595% increase from $197.2M in 2010.

How fast is Five Below, Inc. growing?

Five Below, Inc. (FIVE) grew revenue by 22.9% over the past year. This is strong growth.

Is FIVE profitable?

Yes, Five Below, Inc. (FIVE) is profitable, generating $619.2M in net income for fiscal year 2025 (7.5% net margin).

Dividend & Returns
What is FIVE's return on equity?

Five Below, Inc. (FIVE) has a return on equity (ROE) of 17.9%. This is reasonable for most industries.

What is Five Below, Inc.'s free cash flow?

Five Below, Inc. (FIVE) generated $599.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in FIVE back in 2010?

Total return calculator · dividends reinvested · 16+ years of data

See returns →