FIVE FIVE BELOW, INC

Overview and Growth

In fiscal 2025, FIVE BELOW, INC recorded $4.76B of revenue, net income of $358.64M, and an operating cash inflow of $586.43M. The $4.76B revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. The top line expanded 22.9% from $3.88B in fiscal 2024, increasing the company’s operating scale. Diluted earnings per share were $6.47, translating the period’s attributable earnings into the amount reported for each diluted share. Against diluted EPS of $4.60 in fiscal 2024, the current result was 40.7% higher. Revenue equaled 0.96x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Gross profit was $1.71B, representing the portion of revenue remaining after the reported cost of revenue and before operating expenses. Gross profit represented 36.0% of revenue, showing how much of the top line remained after direct costs. The reported operating result was $457.40M, capturing profitability after direct costs and the operating expenses reflected in the statements. Relative to revenue, operating income represented 9.6%, showing how efficiently sales converted into operating profit. Net income came to $358.64M, completing the progression from revenue through gross and operating profitability to the final reported result. Measured against reported revenue, net income produced a 7.5% margin after operating costs and the remaining recognized items. Pretax income was $480.37M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. Measured against revenue, pretax income equaled 10.1%, adding a pre-tax profitability layer between revenue and net income. The reported income-tax provision was $121.73M, the amount recognized between pretax income and the final net-income result. The income-tax provision equaled 25.3% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 16.4% of period-end equity, showing the earnings generated on shareholders’ book capital. Return on period-end assets was 7.3%, connecting net income with the company’s total asset base.

Liquidity and Capital Structure

Total assets were $4.94B, supported by $2.74B of liabilities and $2.19B of shareholder equity. Current assets were $1.92B against $954.01M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. Current assets covered current liabilities by 2.01x, leaving a positive buffer for near-term obligations. Cash and equivalents totaled $723.70M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 75.9%, excluding receivables and other current assets. Liabilities represented 55.6% of total assets, quantifying the liability-funded share of the company’s resource base. Measured against total assets, cash and equivalents represented 14.7%, a balance-sheet composition measure rather than a liquidity forecast. The asset base changed 13.8% from $4.34B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 21.3% from $1.81B in fiscal 2024, placing the current capital base higher year over year.

Cash Flow and Earnings Quality

Operating activities produced a cash inflow of $586.43M, giving the cash-flow counterpart to the accrual-based profit measures reported for the year. The operating-cash-flow-to-net-income relationship was 1.64x, comparing cash generated by operations with the bottom-line earnings result. The cash-flow statement records $174.74M of capital expenditures, the investment amount considered after operating cash generation. Capital spending absorbed 29.8% of operating cash flow, quantifying the share of cash from operations directed to investment. Free cash flow came to $411.69M, leaving a positive amount after capital expenditures. Relative to revenue, free cash flow equaled 8.6%, showing how much sales converted into cash after investment. Free cash flow equaled 8.3% of total assets, relating post-investment cash generation to the company’s resource base.

Based on the annual report for the fiscal year ending Jan 31, 2026. Analysis generated Oct 21, 2026.