DKS vs FIVE: Dick’s Sporting Goods and Five Below compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Dick’s Sporting Goods is the larger company, worth $12.3B, close to Five Below's $12.1B.
- Dick’s Sporting Goods grew revenue faster over the last year (+53.2% vs +22.9%).
- Five Below keeps more of each dollar of revenue as operating profit (14.8% vs 5.5%).
- On earnings, Dick’s Sporting Goods is the cheaper stock (13.8x vs 33.8x).
- Dick’s Sporting Goods's price assumes faster free cash flow growth: about 11% a year, against 10% for Five Below (reverse DCF).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | DKS | FIVE |
|---|---|---|
| Market cap | $12.3B | $12.1B |
| Share price | $136.65 | $214.73 |
| Revenue (last fiscal year) | $17.2B | $4.8B |
| Free cash flow (last fiscal year) | $400M | $412M |
| Revenue growth, last year | +53.2% | +22.9% |
| Revenue growth per year, last 5 fiscal years | +8.8% | +13.7% |
| Operating margin | 5.5% | 14.8% |
| Net margin | 4.0% | 11.7% |
| Return on equity | 14.7% | 25.0% |
| P/E (trailing) | 13.8x | 33.8x |
| Price / free cash flow | 25.6x | 29.3x |
| EV / EBITDA | 10.6x | 13.4x |
| FCF growth the price implies | 10.6% | 10.0% |
| Dividend yield | 3.4% | — |
| Debt / equity | 2.19x | 1.13x |
| Fundamental grade | C | B |
| Superinvestors holding it | 6 | 3 |
| Insider purchases, last 12 months | 6 | 4 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Dick’s Sporting Goods
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $12.3B | $1.3B | 16.5% |
| 2023 | $12.4B | $558M | 11.8% |
| 2024 | $13.0B | $940M | 9.9% |
| 2025 | $13.4B | $509M | 11.0% |
| 2026 | $17.2B | $400M | 6.4% |
Five Below
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.8B | $40M | 13.3% |
| 2023 | $3.1B | $63M | 11.2% |
| 2024 | $3.6B | $165M | 10.8% |
| 2025 | $3.9B | $107M | 8.4% |
| 2026 | $4.8B | $412M | 9.6% |
Where the revenue comes from
Dick’s Sporting Goods · by products, 2026
Footwear$6.9B40%
Hardlines$5.0B29%
Apparel$4.9B28%
Other$383M2%
Five Below
No segment breakdown reported.
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open DKS in InvestinglyQuestions
Which is bigger, Dick’s Sporting Goods or Five Below?
Dick’s Sporting Goods (DKS), at $12.3B against $12.1B.
Is DKS or FIVE cheaper?
By trailing P/E, Dick’s Sporting Goods (13.8x) is cheaper than Five Below (33.8x). A lower multiple can also mean the market expects less growth.
Which grows faster, DKS or FIVE?
Dick’s Sporting Goods: revenue grew +53.2% over the last year, against +22.9%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.