Five Below (FIVE)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $11.8B, Five Below's free cash flow of $412M (fiscal 2026) would need to grow about 10% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Five Below's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from FIVE's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Five Below's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Revenue | $2.8B | $3.1B | $3.6B | $3.9B | $4.8B |
| Net income | $279M | $262M | $301M | $254M | $359M |
| Free cash flow | $40M | $63M | $165M | $107M | $412M |
| EPS (diluted) | $4.95 | $4.69 | $5.41 | $4.60 | $6.47 |
| Operating margin | 13.3% | 11.2% | 10.8% | 8.4% | 9.6% |
Superinvestors who own FIVE
From each investor's latest 13F filing (what a 13F shows). 3 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Cliff Asness AQR Capital Management |
Trimmed | $340M | 0.12% | Q2 2026 |
| Francois Rochon Giverny Capital Inc. |
Trimmed | $108M | 3.6% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Added | $26M | 0.06% | Q2 2026 |
Insider buying
Open-market purchases by Five Below's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Oct 30, 2025 | Lisa C. Mcclain |
0 | $156.81 | — |
| Oct 30, 2025 | Lisa C. Mcclain |
0 | $156.81 | — |
| Oct 27, 2025 | Tony Wied |
0 | $160.25 | — |
| Oct 27, 2025 | Tony Wied |
0 | $160.25 | — |
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In the full deep dive
Questions
What growth does Five Below's stock price imply?
At a market value of $11.8B, Five Below would need its free cash flow to grow about 10% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 23% a year.
Are Five Below insiders buying the stock?
4 open-market insider purchases of FIVE in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Five Below?
3 of the superinvestors Investingly tracks hold FIVE in their latest 13F, including Cliff Asness, Francois Rochon, Joel Greenblatt.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.