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Side-by-side financial comparison of FIVE BELOW, INC (FIVE) and NGL Energy Partners LP (NGL). Click either name above to swap in a different company.

FIVE BELOW, INC is the larger business by last-quarter revenue ($1.0B vs $909.8M, roughly 1.1× NGL Energy Partners LP). NGL Energy Partners LP runs the higher net margin — 5.2% vs 3.5%, a 1.7% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs -41.3%). NGL Energy Partners LP produced more free cash flow last quarter ($45.7M vs $-133.2M). Over the past eight quarters, NGL Energy Partners LP's revenue compounded faster (-6.4% CAGR vs -11.9%).

Five Below, Inc. is an American chain of specialty discount gift shops that prices most of its products at up to $5, plus a smaller assortment of products priced up to $40. Founded in 2002 by Tom Vellios and David Schlessinger and headquartered in Philadelphia, Pennsylvania, the chain is aimed at tweens and teens. By 2014, there were more than 1,850 stores located across the United States.

NGL Energy Partners LP is a U.S.-based midstream energy services firm. It offers transportation, storage, and logistics solutions for crude oil, natural gas liquids, and renewable fuels, plus water management services for upstream energy producers, operating primarily across North American markets.

FIVE vs NGL — Head-to-Head

Bigger by revenue
FIVE
FIVE
1.1× larger
FIVE
$1.0B
$909.8M
NGL
Growing faster (revenue YoY)
FIVE
FIVE
+64.3% gap
FIVE
23.1%
-41.3%
NGL
Higher net margin
NGL
NGL
1.7% more per $
NGL
5.2%
3.5%
FIVE
More free cash flow
NGL
NGL
$178.9M more FCF
NGL
$45.7M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
NGL
NGL
Annualised
NGL
-6.4%
-11.9%
FIVE

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
FIVE
FIVE
NGL
NGL
Revenue
$1.0B
$909.8M
Net Profit
$36.5M
$47.2M
Gross Margin
33.8%
29.0%
Operating Margin
4.2%
12.1%
Net Margin
3.5%
5.2%
Revenue YoY
23.1%
-41.3%
Net Profit YoY
2063.9%
249.3%
EPS (diluted)
$0.66

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
FIVE
FIVE
NGL
NGL
Q4 25
$1.0B
$909.8M
Q3 25
$1.0B
$674.7M
Q2 25
$970.5M
$622.2M
Q1 25
$1.4B
$971.1M
Q4 24
$843.7M
$982.4M
Q3 24
$830.1M
$756.5M
Q2 24
$811.9M
$759.2M
Q1 24
$1.3B
$1.0B
Net Profit
FIVE
FIVE
NGL
NGL
Q4 25
$36.5M
$47.2M
Q3 25
$42.8M
$29.3M
Q2 25
$41.1M
$68.9M
Q1 25
$187.5M
$13.7M
Q4 24
$1.7M
$13.5M
Q3 24
$33.0M
$2.5M
Q2 24
$31.5M
$9.7M
Q1 24
$202.2M
$-236.8M
Gross Margin
FIVE
FIVE
NGL
NGL
Q4 25
33.8%
29.0%
Q3 25
33.3%
37.6%
Q2 25
33.4%
38.5%
Q1 25
40.2%
26.9%
Q4 24
30.6%
25.1%
Q3 24
32.7%
30.9%
Q2 24
32.5%
29.0%
Q1 24
41.2%
21.8%
Operating Margin
FIVE
FIVE
NGL
NGL
Q4 25
4.2%
12.1%
Q3 25
5.1%
14.0%
Q2 25
5.2%
15.7%
Q1 25
17.7%
8.4%
Q4 24
-0.1%
8.6%
Q3 24
5.0%
10.8%
Q2 24
4.5%
10.8%
Q1 24
20.1%
-9.4%
Net Margin
FIVE
FIVE
NGL
NGL
Q4 25
3.5%
5.2%
Q3 25
4.2%
4.3%
Q2 25
4.2%
11.1%
Q1 25
13.5%
1.4%
Q4 24
0.2%
1.4%
Q3 24
4.0%
0.3%
Q2 24
3.9%
1.3%
Q1 24
15.1%
-22.8%
EPS (diluted)
FIVE
FIVE
NGL
NGL
Q4 25
$0.66
Q3 25
$0.77
Q2 25
$0.75
Q1 25
$3.40
Q4 24
$0.03
Q3 24
$0.60
Q2 24
$0.57
Q1 24
$3.64

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
FIVE
FIVE
NGL
NGL
Cash + ST InvestmentsLiquidity on hand
$524.5M
$6.5M
Total DebtLower is stronger
$2.9B
Stockholders' EquityBook value
$2.0B
Total Assets
$4.8B
$4.4B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVE
FIVE
NGL
NGL
Q4 25
$524.5M
$6.5M
Q3 25
$670.2M
$8.7M
Q2 25
$624.0M
$5.4M
Q1 25
$528.8M
$13.5M
Q4 24
$216.6M
$5.7M
Q3 24
$327.7M
$4.5M
Q2 24
$369.6M
$5.3M
Q1 24
$460.1M
$38.9M
Total Debt
FIVE
FIVE
NGL
NGL
Q4 25
$2.9B
Q3 25
$2.9B
Q2 25
$2.9B
Q1 25
$3.0B
Q4 24
$3.1B
Q3 24
$3.1B
Q2 24
$3.0B
Q1 24
$2.9B
Stockholders' Equity
FIVE
FIVE
NGL
NGL
Q4 25
$2.0B
Q3 25
$1.9B
Q2 25
$1.9B
Q1 25
$1.8B
Q4 24
$1.6B
Q3 24
$1.6B
Q2 24
$1.6B
Q1 24
$1.6B
Total Assets
FIVE
FIVE
NGL
NGL
Q4 25
$4.8B
$4.4B
Q3 25
$4.6B
$4.3B
Q2 25
$4.5B
$4.2B
Q1 25
$4.3B
$4.6B
Q4 24
$4.2B
$4.8B
Q3 24
$4.0B
$4.9B
Q2 24
$3.9B
$4.8B
Q1 24
$3.9B
$5.0B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
FIVE
FIVE
NGL
NGL
Operating Cash FlowLast quarter
$-80.1M
$182.3M
Free Cash FlowOCF − Capex
$-133.2M
$45.7M
FCF MarginFCF / Revenue
-12.8%
5.0%
Capex IntensityCapex / Revenue
5.1%
15.0%
Cash ConversionOCF / Net Profit
-2.19×
3.86×
TTM Free Cash FlowTrailing 4 quarters
$323.0M
$126.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVE
FIVE
NGL
NGL
Q4 25
$-80.1M
$182.3M
Q3 25
$93.0M
$40.5M
Q2 25
$132.7M
$33.2M
Q1 25
$363.5M
$155.0M
Q4 24
$-30.6M
$153.8M
Q3 24
$71.3M
$6.7M
Q2 24
$26.4M
$-18.1M
Q1 24
$407.7M
$152.2M
Free Cash Flow
FIVE
FIVE
NGL
NGL
Q4 25
$-133.2M
$45.7M
Q3 25
$48.3M
$9.5M
Q2 25
$96.5M
$11.1M
Q1 25
$311.4M
$60.4M
Q4 24
$-111.0M
$152.1M
Q3 24
$-32.4M
$-82.9M
Q2 24
$-61.4M
$-78.0M
Q1 24
$304.6M
$119.8M
FCF Margin
FIVE
FIVE
NGL
NGL
Q4 25
-12.8%
5.0%
Q3 25
4.7%
1.4%
Q2 25
9.9%
1.8%
Q1 25
22.4%
6.2%
Q4 24
-13.2%
15.5%
Q3 24
-3.9%
-11.0%
Q2 24
-7.6%
-10.3%
Q1 24
22.8%
11.5%
Capex Intensity
FIVE
FIVE
NGL
NGL
Q4 25
5.1%
15.0%
Q3 25
4.4%
4.6%
Q2 25
3.7%
3.6%
Q1 25
3.7%
9.7%
Q4 24
9.5%
0.2%
Q3 24
12.5%
11.8%
Q2 24
10.8%
7.9%
Q1 24
7.7%
3.1%
Cash Conversion
FIVE
FIVE
NGL
NGL
Q4 25
-2.19×
3.86×
Q3 25
2.17×
1.38×
Q2 25
3.22×
0.48×
Q1 25
1.94×
11.29×
Q4 24
-18.13×
11.39×
Q3 24
2.16×
2.74×
Q2 24
0.84×
-1.87×
Q1 24
2.02×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

FIVE
FIVE

Segment breakdown not available.

NGL
NGL

Water Solutions Segment$208.6M23%
Services$193.3M21%
Butane$192.5M21%
Service Fees$182.8M20%
Public Utilities Inventory Propane$93.9M10%
Crude Oil$23.3M3%
Crude Oil Transportation And Other$6.5M1%
Liquids Logistics Segment$2.5M0%
Crude Oil Logistics Segment$1.2M0%

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