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Five Below vs Target: revenue, profit, margins and growth compared

Five Below brought in $4.8B of revenue in fiscal 2025, Target $104.8B in fiscal 2025. Revenue changed by +22.9% at Five Below and -1.7% at Target on the year before, so Five Below grew faster. Five Below kept 7.5% of its revenue as net profit, Target 3.5%. Free cash flow was $411.7M at Five Below and $2.8B at Target.

Side by side, latest fiscal year

FIVETGT
Fiscal year endedFY2025 (January 31, 2026)FY2025 (January 31, 2026)
Revenue$4.8B$104.8B
Revenue growth+22.9%-1.7%
Net income$358.6M$3.7B
Net margin7.5%3.5%
Free cash flow$411.7M$2.8B
Free cash flow margin8.6%2.7%
Earnings per share (diluted)$6.47$8.13
Cash$723.7M$5.5B
Debtn/a$14.4B
Price to earnings34.419.4
Market value$12.3B$71.5B
Dividend yieldn/a2.88%
Rank by revenue in sector#208 of 778 · Consumer discretionary#5 of 778 · Consumer discretionary

Over the years

Revenue
FIVE FY2018: $1.6BFIVE FY2019: $1.8BFIVE FY2020: $2BFIVE FY2021: $2.8BFIVE FY2022: $3.1BFIVE FY2023: $3.6BFIVE FY2024: $3.9BFIVE FY2025: $4.8BTGT FY2018: $75.4BTGT FY2019: $78.1BTGT FY2020: $93.6BTGT FY2021: $106BTGT FY2022: $109.1BTGT FY2023: $107.4BTGT FY2024: $106.6BTGT FY2025: $104.8BFY18FY19FY20FY21FY22FY23FY24FY25
FIVE $4.8BTGT $104.8B
Net income
FIVE FY2018: $149.6MFIVE FY2019: $175.1MFIVE FY2020: $123.4MFIVE FY2021: $278.8MFIVE FY2022: $261.5MFIVE FY2023: $301.1MFIVE FY2024: $253.6MFIVE FY2025: $358.6MTGT FY2018: $2.9BTGT FY2019: $3.3BTGT FY2020: $4.4BTGT FY2021: $6.9BTGT FY2022: $2.8BTGT FY2023: $4.1BTGT FY2024: $4.1BTGT FY2025: $3.7BFY18FY19FY20FY21FY22FY23FY24FY25
FIVE $358.6MTGT $3.7B
Net margin
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%TGT FY2018: 3.9%TGT FY2019: 4.2%TGT FY2020: 4.7%TGT FY2021: 6.6%TGT FY2022: 2.5%TGT FY2023: 3.9%TGT FY2024: 3.8%TGT FY2025: 3.5%FY18FY19FY20FY21FY22FY23FY24FY25
FIVE 7.5%TGT 3.5%
Revenue growth
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%TGT FY2019: +3.7%TGT FY2020: +19.8%TGT FY2021: +13.3%TGT FY2022: +2.9%TGT FY2023: -1.6%TGT FY2024: -0.8%TGT FY2025: -1.7%FY19FY20FY21FY22FY23FY24FY25
FIVE +22.9%TGT -1.7%
Free cash flow
FIVE FY2018: $70.4MFIVE FY2019: -$25.3MFIVE FY2020: $165.8MFIVE FY2021: $39.7MFIVE FY2022: $63MFIVE FY2023: $164.6MFIVE FY2024: $106.7MFIVE FY2025: $411.7MTGT FY2018: $2.5BTGT FY2019: $4.1BTGT FY2020: $7.9BTGT FY2021: $5.1BTGT FY2022: -$1.5BTGT FY2023: $3.8BTGT FY2024: $4.5BTGT FY2025: $2.8BFY18FY19FY20FY21FY22FY23FY24FY25
FIVE $411.7MTGT $2.8B

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

Questions about Five Below and Target

Which is bigger by revenue, Five Below or Target?

Target is bigger by revenue: $104.8B in fiscal 2025, against $4.8B for Five Below in fiscal 2025.

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

Five Below had a net margin of 7.5% in fiscal 2025; Target had 3.5% in fiscal 2025.

Which grew revenue faster, Five Below or Target?

In their latest fiscal years revenue changed by +22.9% at Five Below and -1.7% at Target.

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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