Five Below vs Sally Beauty Holdings
Five Below is the larger business, with $4.76bn of revenue in fiscal 2026 against $3.70bn for Sally Beauty Holdings (1.3 times as much). Five Below grew faster (22.9% against -0.4%). Five Below kept more of each dollar of sales as profit: a net margin of 7.5% against 5.3%.
| Latest fiscal year | Five BelowFIVE, 2026 | Sally Beauty HoldingsSBH, 2025 |
|---|---|---|
| Revenue | $4.76bn | $3.70bn |
| Revenue growth | 22.9% | -0.4% |
| Net income | $359m | $196m |
| Operating margin | 9.6% | — |
| Net margin | 7.5% | 5.3% |
| Return on equity | 17.9% | 27.5% |
| Free cash flow | $412m | $173m |
| Cash | $724m | $149m |
| Total debt | — | $875m |
| Debt to equity | — | — |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | $0 | $54.0m |
| Employees | — | — |
| Market value | $13.06bn | $1.68bn |
| Price vs our value range | Within our value range | Below our value range |
| Moat score | 58 (Moderate) | 72 (Strong) |
| Insider trades, 12 months | 1 buys, 51 sales | 0 buys, 3 sales |