Five Below vs Sally Beauty
Five Below reported revenue of $4.8 billion in fiscal 2025, 1.3 times Sally Beauty's $3.7 billion in fiscal 2025. Five Below's revenue grew 22.9% in its latest year, and Sally Beauty's fell 0.4%. Five Below had an operating margin of 9.6%, against 8.9% at Sally Beauty. Free cash flow was $412 million at Five Below and $173 million at Sally Beauty. Their fiscal years end in different months (January 31 and September 30), so the periods don't line up exactly.
Side by side
| Five Below | Sally Beauty | |
|---|---|---|
| Latest fiscal year | FY2025, Jan 31, 2026 | FY2025, Sep 30, 2025 |
| Revenue | $4.8B | $3.7B |
| Revenue growth | 22.9% | −0.4% |
| Revenue growth a year, last 5 years | 19.4% | 1.0% |
| Gross margin | 36.0% | 51.6% |
| Operating margin | 9.6% | 8.9% |
| Net margin | 7.5% | 5.3% |
| Free cash flow | $412M | $173M |
| Free cash flow margin | 8.6% | 4.7% |
| Return on capital | 26.9% | 16.1% |
| Net debt to EBITDA | −1.4x | 1.7x |
| Dividends and buybacks | $0M | $54M |
| Change in diluted share count | 0.5% | −2.9% |
| Last close | $230.00 | $17.43 |
| P/E at the last close | 20.6× | 9.1× |
| Insider trades, last 12 months | bought $93,312, sold $23.8 million | sold $879,931 |
| Piotroski F-score | 7 of 9 | 8 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Five BelowSally Beauty
Operating margin
Percent of revenue
Five BelowSally Beauty
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Five BelowSally Beauty
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Five Below and Sally Beauty pages.