Bath & Body Works vs Five Below
Bath & Body Works is the larger business, with $7.29bn of revenue in fiscal 2026 against $4.76bn for Five Below (1.5 times as much). Five Below grew faster (22.9% against -0.2%). Bath & Body Works kept more of each dollar of sales as profit: a net margin of 8.9% against 7.5%.
| Latest fiscal year | Bath & Body WorksBBWI, 2026 | Five BelowFIVE, 2026 |
|---|---|---|
| Revenue | $7.29bn | $4.76bn |
| Revenue growth | -0.2% | 22.9% |
| Net income | $649m | $359m |
| Operating margin | 15.4% | 9.6% |
| Net margin | 8.9% | 7.5% |
| Return on equity | — | 17.9% |
| Free cash flow | $865m | $412m |
| Cash | $953m | $724m |
| Total debt | $3.89bn | — |
| Debt to equity | — | — |
| Dividend per share | $0.80 | — |
| Dividend yield | 3.5% | — |
| Share buybacks | $401m | $0 |
| Employees | — | — |
| Market value | $4.68bn | $13.16bn |
| Price vs our value range | Below our value range | Within our value range |
| Moat score | 69 (Moderate) | 58 (Moderate) |
| Insider trades, 12 months | 6 buys, 0 sales | 1 buys, 51 sales |