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Side-by-side financial comparison of FIVE BELOW, INC (FIVE) and PROG Holdings, Inc. (PRG). Click either name above to swap in a different company.

FIVE BELOW, INC is the larger business by last-quarter revenue ($1.0B vs $651.6M, roughly 1.6× PROG Holdings, Inc.). PROG Holdings, Inc. runs the higher net margin — 5.5% vs 3.5%, a 2.0% gap on every dollar of revenue. On growth, PROG Holdings, Inc. posted the faster year-over-year revenue change (457.1% vs 23.1%). Over the past eight quarters, PROG Holdings, Inc.'s revenue compounded faster (4.9% 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.

PROG Holdings, Inc. is a U.S.-based financial technology firm providing flexible lease-to-own and point-of-sale financing solutions to consumers. Operating primarily in the U.S. market, its core segments include retail partner financing, consumer lending, and payment services that help customers access electronics and household goods without traditional credit requirements.

FIVE vs PRG — Head-to-Head

Bigger by revenue
FIVE
FIVE
1.6× larger
FIVE
$1.0B
$651.6M
PRG
Growing faster (revenue YoY)
PRG
PRG
+434.1% gap
PRG
457.1%
23.1%
FIVE
Higher net margin
PRG
PRG
2.0% more per $
PRG
5.5%
3.5%
FIVE
Faster 2-yr revenue CAGR
PRG
PRG
Annualised
PRG
4.9%
-11.9%
FIVE

Income Statement — Q3 FY2026 vs Q1 FY2026

Metric
FIVE
FIVE
PRG
PRG
Revenue
$1.0B
$651.6M
Net Profit
$36.5M
$36.1M
Gross Margin
33.8%
Operating Margin
4.2%
10.0%
Net Margin
3.5%
5.5%
Revenue YoY
23.1%
457.1%
Net Profit YoY
2063.9%
3.8%
EPS (diluted)
$0.66
$3.68

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
PRG
PRG
Q1 26
$651.6M
Q4 25
$1.0B
$525.4M
Q3 25
$1.0B
$595.1M
Q2 25
$970.5M
$604.7M
Q1 25
$1.4B
$684.1M
Q4 24
$843.7M
$558.9M
Q3 24
$830.1M
$606.1M
Q2 24
$811.9M
$592.2M
Net Profit
FIVE
FIVE
PRG
PRG
Q1 26
$36.1M
Q4 25
$36.5M
$40.5M
Q3 25
$42.8M
$33.1M
Q2 25
$41.1M
$38.5M
Q1 25
$187.5M
$34.7M
Q4 24
$1.7M
$57.5M
Q3 24
$33.0M
$84.0M
Q2 24
$31.5M
$33.8M
Gross Margin
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
33.8%
Q3 25
33.3%
Q2 25
33.4%
Q1 25
40.2%
Q4 24
30.6%
Q3 24
32.7%
Q2 24
32.5%
Operating Margin
FIVE
FIVE
PRG
PRG
Q1 26
10.0%
Q4 25
4.2%
6.9%
Q3 25
5.1%
9.0%
Q2 25
5.2%
10.0%
Q1 25
17.7%
8.2%
Q4 24
-0.1%
8.9%
Q3 24
5.0%
8.1%
Q2 24
4.5%
9.4%
Net Margin
FIVE
FIVE
PRG
PRG
Q1 26
5.5%
Q4 25
3.5%
7.7%
Q3 25
4.2%
5.6%
Q2 25
4.2%
6.4%
Q1 25
13.5%
5.1%
Q4 24
0.2%
10.3%
Q3 24
4.0%
13.9%
Q2 24
3.9%
5.7%
EPS (diluted)
FIVE
FIVE
PRG
PRG
Q1 26
$3.68
Q4 25
$0.66
$0.99
Q3 25
$0.77
$0.82
Q2 25
$0.75
$0.95
Q1 25
$3.40
$0.83
Q4 24
$0.03
$1.33
Q3 24
$0.60
$1.94
Q2 24
$0.57
$0.77

Balance Sheet & Financial Strength

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

Metric
FIVE
FIVE
PRG
PRG
Cash + ST InvestmentsLiquidity on hand
$524.5M
$69.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$774.4M
Total Assets
$4.8B
$2.0B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVE
FIVE
PRG
PRG
Q1 26
$69.4M
Q4 25
$524.5M
$308.8M
Q3 25
$670.2M
$292.6M
Q2 25
$624.0M
$222.0M
Q1 25
$528.8M
$213.3M
Q4 24
$216.6M
$90.9M
Q3 24
$327.7M
$221.7M
Q2 24
$369.6M
$250.1M
Total Debt
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
$594.9M
Q3 25
Q2 25
Q1 25
Q4 24
$643.6M
Q3 24
Q2 24
Stockholders' Equity
FIVE
FIVE
PRG
PRG
Q1 26
$774.4M
Q4 25
$2.0B
$746.4M
Q3 25
$1.9B
$703.6M
Q2 25
$1.9B
$668.7M
Q1 25
$1.8B
$654.4M
Q4 24
$1.6B
$650.3M
Q3 24
$1.6B
$630.8M
Q2 24
$1.6B
$581.9M
Total Assets
FIVE
FIVE
PRG
PRG
Q1 26
$2.0B
Q4 25
$4.8B
$1.6B
Q3 25
$4.6B
$1.5B
Q2 25
$4.5B
$1.5B
Q1 25
$4.3B
$1.5B
Q4 24
$4.2B
$1.5B
Q3 24
$4.0B
$1.4B
Q2 24
$3.9B
$1.5B
Debt / Equity
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
0.80×
Q3 25
Q2 25
Q1 25
Q4 24
0.99×
Q3 24
Q2 24

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
PRG
PRG
Operating Cash FlowLast quarter
$-80.1M
Free Cash FlowOCF − Capex
$-133.2M
FCF MarginFCF / Revenue
-12.8%
Capex IntensityCapex / Revenue
5.1%
Cash ConversionOCF / Net Profit
-2.19×
TTM Free Cash FlowTrailing 4 quarters
$323.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
$-80.1M
$-54.9M
Q3 25
$93.0M
$110.0M
Q2 25
$132.7M
$69.9M
Q1 25
$363.5M
$209.9M
Q4 24
$-30.6M
$-84.5M
Q3 24
$71.3M
$31.9M
Q2 24
$26.4M
$55.4M
Free Cash Flow
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
$-133.2M
$-57.5M
Q3 25
$48.3M
$106.5M
Q2 25
$96.5M
$68.0M
Q1 25
$311.4M
$208.0M
Q4 24
$-111.0M
$-86.8M
Q3 24
$-32.4M
$29.8M
Q2 24
$-61.4M
$53.5M
FCF Margin
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
-12.8%
-10.9%
Q3 25
4.7%
17.9%
Q2 25
9.9%
11.2%
Q1 25
22.4%
30.4%
Q4 24
-13.2%
-15.5%
Q3 24
-3.9%
4.9%
Q2 24
-7.6%
9.0%
Capex Intensity
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
5.1%
0.5%
Q3 25
4.4%
0.6%
Q2 25
3.7%
0.3%
Q1 25
3.7%
0.3%
Q4 24
9.5%
0.4%
Q3 24
12.5%
0.3%
Q2 24
10.8%
0.3%
Cash Conversion
FIVE
FIVE
PRG
PRG
Q1 26
Q4 25
-2.19×
-1.36×
Q3 25
2.17×
3.32×
Q2 25
3.22×
1.82×
Q1 25
1.94×
6.05×
Q4 24
-18.13×
-1.47×
Q3 24
2.16×
0.38×
Q2 24
0.84×
1.64×

Financial Flow Comparison

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

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