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Costco Wholesale vs Five Below: revenue, profit, margins and growth compared

Costco Wholesale brought in $275.2B of revenue in fiscal 2025, Five Below $4.8B in fiscal 2025. Revenue changed by +8.2% at Costco Wholesale and +22.9% at Five Below on the year before, so Five Below grew faster. Costco Wholesale kept 2.9% of its revenue as net profit, Five Below 7.5%. Free cash flow was $7.8B at Costco Wholesale and $411.7M at Five Below.

Side by side, latest fiscal year

COSTFIVE
Fiscal year endedFY2025 (August 31, 2025)FY2025 (January 31, 2026)
Revenue$275.2B$4.8B
Revenue growth+8.2%+22.9%
Net income$8.1B$358.6M
Net margin2.9%7.5%
Free cash flow$7.8B$411.7M
Free cash flow margin2.8%8.6%
Earnings per share (diluted)$18.21$6.47
Cash$14.2B$723.7M
Debt$5.8Bn/a
Price to earnings50.734.4
Market value$409.2B$12.3B
Dividend yield0.53%n/a
Rank by revenue in sector#3 of 778 · Consumer discretionary#208 of 778 · Consumer discretionary

Over the years

Revenue
COST FY2018: $141.6BCOST FY2019: $152.7BCOST FY2020: $166.8BCOST FY2021: $195.9BCOST FY2022: $227BCOST FY2023: $242.3BCOST FY2024: $254.5BCOST FY2025: $275.2BFIVE FY2018: $1.6BFIVE FY2019: $1.8BFIVE FY2020: $2BFIVE FY2021: $2.8BFIVE FY2022: $3.1BFIVE FY2023: $3.6BFIVE FY2024: $3.9BFIVE FY2025: $4.8BFY18FY19FY20FY21FY22FY23FY24FY25
COST $275.2BFIVE $4.8B
Net income
COST FY2018: $3.1BCOST FY2019: $3.7BCOST FY2020: $4BCOST FY2021: $5BCOST FY2022: $5.8BCOST FY2023: $6.3BCOST FY2024: $7.4BCOST FY2025: $8.1BFIVE FY2018: $149.6MFIVE FY2019: $175.1MFIVE FY2020: $123.4MFIVE FY2021: $278.8MFIVE FY2022: $261.5MFIVE FY2023: $301.1MFIVE FY2024: $253.6MFIVE FY2025: $358.6MFY18FY19FY20FY21FY22FY23FY24FY25
COST $8.1BFIVE $358.6M
Net margin
COST FY2018: 2.2%COST FY2019: 2.4%COST FY2020: 2.4%COST FY2021: 2.6%COST FY2022: 2.6%COST FY2023: 2.6%COST FY2024: 2.9%COST FY2025: 2.9%FIVE FY2018: 9.6%FIVE FY2019: 9.5%FIVE FY2020: 6.3%FIVE FY2021: 9.8%FIVE FY2022: 8.5%FIVE FY2023: 8.5%FIVE FY2024: 6.5%FIVE FY2025: 7.5%FY18FY19FY20FY21FY22FY23FY24FY25
COST 2.9%FIVE 7.5%
Revenue growth
COST FY2019: +7.9%COST FY2020: +9.2%COST FY2021: +17.5%COST FY2022: +15.8%COST FY2023: +6.8%COST FY2024: +5.0%COST FY2025: +8.2%FIVE FY2019: +18.4%FIVE FY2020: +6.2%FIVE FY2021: +45.2%FIVE FY2022: +8.0%FIVE FY2023: +15.7%FIVE FY2024: +8.9%FIVE FY2025: +22.9%FY19FY20FY21FY22FY23FY24FY25
COST +8.2%FIVE +22.9%
Free cash flow
COST FY2018: $2.8BCOST FY2019: $3.4BCOST FY2020: $6.1BCOST FY2021: $5.4BCOST FY2022: $3.5BCOST FY2023: $6.7BCOST FY2024: $6.6BCOST FY2025: $7.8BFIVE FY2018: $70.4MFIVE FY2019: -$25.3MFIVE FY2020: $165.8MFIVE FY2021: $39.7MFIVE FY2022: $63MFIVE FY2023: $164.6MFIVE FY2024: $106.7MFIVE FY2025: $411.7MFY18FY19FY20FY21FY22FY23FY24FY25
COST $7.8BFIVE $411.7M

Fiscal years as each company reports them; the two may end in different months.

Questions about Costco Wholesale and Five Below

Which is bigger by revenue, Costco Wholesale or Five Below?

Costco Wholesale is bigger by revenue: $275.2B in fiscal 2025, against $4.8B for Five Below in fiscal 2025.

Which keeps more of its revenue as profit, Costco Wholesale or Five Below?

Costco Wholesale had a net margin of 2.9% in fiscal 2025; Five Below had 7.5% in fiscal 2025.

Which grew revenue faster, Costco Wholesale or Five Below?

In their latest fiscal years revenue changed by +8.2% at Costco Wholesale and +22.9% at Five Below.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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