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

Five Below brought in $4.8B of revenue in fiscal 2025, Walmart $713.2B in fiscal 2026. Revenue changed by +22.9% at Five Below and +4.7% at Walmart on the year before, so Five Below grew faster. Five Below kept 7.5% of its revenue as net profit, Walmart 3.1%. Free cash flow was $411.7M at Five Below and $14.9B at Walmart.

Side by side, latest fiscal year

FIVEWMT
Fiscal year endedFY2025 (January 31, 2026)FY2026 (January 31, 2026)
Revenue$4.8B$713.2B
Revenue growth+22.9%+4.7%
Net income$358.6M$21.9B
Net margin7.5%3.1%
Free cash flow$411.7M$14.9B
Free cash flow margin8.6%2.1%
Earnings per share (diluted)$6.47$2.73
Cash$723.7M$10.7B
Debtn/a$38.2B
Price to earnings34.439.5
Market value$12.3B$859.3B
Dividend yieldn/a0.87%
Rank by revenue in sector#208 of 778 · Consumer discretionary#2 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: $4.8BWMT FY2019: $514.4BWMT FY2020: $524BWMT FY2021: $559.2BWMT FY2022: $572.8BWMT FY2023: $611.3BWMT FY2024: $648.1BWMT FY2025: $681BWMT FY2026: $713.2BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIVE $4.8BWMT $713.2B
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: $358.6MWMT FY2019: $6.7BWMT FY2020: $14.9BWMT FY2021: $13.5BWMT FY2022: $13.7BWMT FY2023: $11.7BWMT FY2024: $15.5BWMT FY2025: $19.4BWMT FY2026: $21.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIVE $358.6MWMT $21.9B
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%WMT FY2019: 1.3%WMT FY2020: 2.8%WMT FY2021: 2.4%WMT FY2022: 2.4%WMT FY2023: 1.9%WMT FY2024: 2.4%WMT FY2025: 2.9%WMT FY2026: 3.1%FY18FY19FY20FY21FY22FY23FY24FY25FY26
FIVE 7.5%WMT 3.1%
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%WMT FY2020: +1.9%WMT FY2021: +6.7%WMT FY2022: +2.4%WMT FY2023: +6.7%WMT FY2024: +6.0%WMT FY2025: +5.1%WMT FY2026: +4.7%FY19FY20FY21FY22FY23FY24FY25FY26
FIVE +22.9%WMT +4.7%
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: $411.7MWMT FY2019: $17.4BWMT FY2020: $14.6BWMT FY2021: $25.8BWMT FY2022: $11.1BWMT FY2023: $12BWMT FY2024: $15.1BWMT FY2025: $12.7BWMT FY2026: $14.9BFY18FY19FY20FY21FY22FY23FY24FY25FY26
FIVE $411.7MWMT $14.9B

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

Questions about Five Below and Walmart

Which is bigger by revenue, Five Below or Walmart?

Walmart is bigger by revenue: $713.2B in fiscal 2026, against $4.8B for Five Below in fiscal 2025.

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

Five Below had a net margin of 7.5% in fiscal 2025; Walmart had 3.1% in fiscal 2026.

Which grew revenue faster, Five Below or Walmart?

In their latest fiscal years revenue changed by +22.9% at Five Below and +4.7% at Walmart.

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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