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Side-by-side financial comparison of FIVE BELOW, INC (FIVE) and ADVANCED DRAINAGE SYSTEMS, INC. (WMS). Click either name above to swap in a different company.

FIVE BELOW, INC is the larger business by last-quarter revenue ($1.0B vs $693.4M, roughly 1.5× ADVANCED DRAINAGE SYSTEMS, INC.). ADVANCED DRAINAGE SYSTEMS, INC. runs the higher net margin — 13.5% vs 3.5%, a 10.0% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs 0.4%). ADVANCED DRAINAGE SYSTEMS, INC. produced more free cash flow last quarter ($183.6M vs $-133.2M). Over the past eight quarters, ADVANCED DRAINAGE SYSTEMS, INC.'s revenue compounded faster (3.0% 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.

Advanced Drainage Systems, Inc. (ADS) is an American company that designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. It is the largest maker of high-density polyethylene pipe in the United States. It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's s...

FIVE vs WMS — Head-to-Head

Bigger by revenue
FIVE
FIVE
1.5× larger
FIVE
$1.0B
$693.4M
WMS
Growing faster (revenue YoY)
FIVE
FIVE
+22.7% gap
FIVE
23.1%
0.4%
WMS
Higher net margin
WMS
WMS
10.0% more per $
WMS
13.5%
3.5%
FIVE
More free cash flow
WMS
WMS
$316.7M more FCF
WMS
$183.6M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
WMS
WMS
Annualised
WMS
3.0%
-11.9%
FIVE

Income Statement — Q3 FY2026 vs Q3 FY2026

Metric
FIVE
FIVE
WMS
WMS
Revenue
$1.0B
$693.4M
Net Profit
$36.5M
$93.6M
Gross Margin
33.8%
37.4%
Operating Margin
4.2%
19.7%
Net Margin
3.5%
13.5%
Revenue YoY
23.1%
0.4%
Net Profit YoY
2063.9%
15.3%
EPS (diluted)
$0.66
$1.19

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
WMS
WMS
Q4 25
$1.0B
$693.4M
Q3 25
$1.0B
$850.4M
Q2 25
$970.5M
$829.9M
Q1 25
$1.4B
$615.8M
Q4 24
$843.7M
$690.5M
Q3 24
$830.1M
$782.6M
Q2 24
$811.9M
$815.3M
Q1 24
$1.3B
$653.8M
Net Profit
FIVE
FIVE
WMS
WMS
Q4 25
$36.5M
$93.6M
Q3 25
$42.8M
$156.0M
Q2 25
$41.1M
$143.9M
Q1 25
$187.5M
$77.2M
Q4 24
$1.7M
$81.2M
Q3 24
$33.0M
$130.4M
Q2 24
$31.5M
$161.4M
Q1 24
$202.2M
$94.8M
Gross Margin
FIVE
FIVE
WMS
WMS
Q4 25
33.8%
37.4%
Q3 25
33.3%
40.0%
Q2 25
33.4%
39.8%
Q1 25
40.2%
36.7%
Q4 24
30.6%
35.0%
Q3 24
32.7%
37.6%
Q2 24
32.5%
40.8%
Q1 24
41.2%
38.5%
Operating Margin
FIVE
FIVE
WMS
WMS
Q4 25
4.2%
19.7%
Q3 25
5.1%
26.3%
Q2 25
5.2%
24.8%
Q1 25
17.7%
19.0%
Q4 24
-0.1%
18.4%
Q3 24
5.0%
23.9%
Q2 24
4.5%
27.7%
Q1 24
20.1%
20.7%
Net Margin
FIVE
FIVE
WMS
WMS
Q4 25
3.5%
13.5%
Q3 25
4.2%
18.3%
Q2 25
4.2%
17.3%
Q1 25
13.5%
12.5%
Q4 24
0.2%
11.8%
Q3 24
4.0%
16.7%
Q2 24
3.9%
19.8%
Q1 24
15.1%
14.5%
EPS (diluted)
FIVE
FIVE
WMS
WMS
Q4 25
$0.66
$1.19
Q3 25
$0.77
$1.99
Q2 25
$0.75
$1.84
Q1 25
$3.40
$0.99
Q4 24
$0.03
$1.04
Q3 24
$0.60
$1.67
Q2 24
$0.57
$2.06
Q1 24
$3.64
$1.22

Balance Sheet & Financial Strength

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

Metric
FIVE
FIVE
WMS
WMS
Cash + ST InvestmentsLiquidity on hand
$524.5M
$1.0B
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$1.9B
Total Assets
$4.8B
$4.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVE
FIVE
WMS
WMS
Q4 25
$524.5M
$1.0B
Q3 25
$670.2M
$812.9M
Q2 25
$624.0M
$638.3M
Q1 25
$528.8M
$463.3M
Q4 24
$216.6M
$488.9M
Q3 24
$327.7M
$613.0M
Q2 24
$369.6M
$541.6M
Q1 24
$460.1M
$490.2M
Total Debt
FIVE
FIVE
WMS
WMS
Q4 25
Q3 25
Q2 25
Q1 25
$1.3B
Q4 24
Q3 24
Q2 24
Q1 24
$1.3B
Stockholders' Equity
FIVE
FIVE
WMS
WMS
Q4 25
$2.0B
$1.9B
Q3 25
$1.9B
$1.8B
Q2 25
$1.9B
$1.7B
Q1 25
$1.8B
$1.5B
Q4 24
$1.6B
$1.5B
Q3 24
$1.6B
$1.4B
Q2 24
$1.6B
$1.3B
Q1 24
$1.6B
$1.2B
Total Assets
FIVE
FIVE
WMS
WMS
Q4 25
$4.8B
$4.1B
Q3 25
$4.6B
$4.1B
Q2 25
$4.5B
$3.9B
Q1 25
$4.3B
$3.7B
Q4 24
$4.2B
$3.6B
Q3 24
$4.0B
$3.5B
Q2 24
$3.9B
$3.4B
Q1 24
$3.9B
$3.3B
Debt / Equity
FIVE
FIVE
WMS
WMS
Q4 25
Q3 25
Q2 25
Q1 25
0.83×
Q4 24
Q3 24
Q2 24
Q1 24
1.11×

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
WMS
WMS
Operating Cash FlowLast quarter
$-80.1M
$269.3M
Free Cash FlowOCF − Capex
$-133.2M
$183.6M
FCF MarginFCF / Revenue
-12.8%
26.5%
Capex IntensityCapex / Revenue
5.1%
12.4%
Cash ConversionOCF / Net Profit
-2.19×
2.88×
TTM Free Cash FlowTrailing 4 quarters
$323.0M
$577.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVE
FIVE
WMS
WMS
Q4 25
$-80.1M
$269.3M
Q3 25
$93.0M
$234.9M
Q2 25
$132.7M
$275.0M
Q1 25
$363.5M
$41.2M
Q4 24
$-30.6M
$189.9M
Q3 24
$71.3M
$166.9M
Q2 24
$26.4M
$183.4M
Q1 24
$407.7M
$17.7M
Free Cash Flow
FIVE
FIVE
WMS
WMS
Q4 25
$-133.2M
$183.6M
Q3 25
$48.3M
$176.4M
Q2 25
$96.5M
$222.4M
Q1 25
$311.4M
$-5.3M
Q4 24
$-111.0M
$135.7M
Q3 24
$-32.4M
$112.4M
Q2 24
$-61.4M
$125.7M
Q1 24
$304.6M
$-29.8M
FCF Margin
FIVE
FIVE
WMS
WMS
Q4 25
-12.8%
26.5%
Q3 25
4.7%
20.7%
Q2 25
9.9%
26.8%
Q1 25
22.4%
-0.9%
Q4 24
-13.2%
19.7%
Q3 24
-3.9%
14.4%
Q2 24
-7.6%
15.4%
Q1 24
22.8%
-4.6%
Capex Intensity
FIVE
FIVE
WMS
WMS
Q4 25
5.1%
12.4%
Q3 25
4.4%
6.9%
Q2 25
3.7%
6.3%
Q1 25
3.7%
7.6%
Q4 24
9.5%
7.9%
Q3 24
12.5%
7.0%
Q2 24
10.8%
7.1%
Q1 24
7.7%
7.3%
Cash Conversion
FIVE
FIVE
WMS
WMS
Q4 25
-2.19×
2.88×
Q3 25
2.17×
1.51×
Q2 25
3.22×
1.91×
Q1 25
1.94×
0.53×
Q4 24
-18.13×
2.34×
Q3 24
2.16×
1.28×
Q2 24
0.84×
1.14×
Q1 24
2.02×
0.19×

Financial Flow Comparison

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

Revenue Breakdown by Segment

FIVE
FIVE

Segment breakdown not available.

WMS
WMS

Reportable Segment Aggregation Before Other Operating Segment$557.3M80%
Other$85.5M12%
Pipe$35.5M5%
Allied Products And Other$15.0M2%

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