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Side-by-side financial comparison of FIVE BELOW, INC (FIVE) and WATTS WATER TECHNOLOGIES INC (WTS). Click either name above to swap in a different company.

FIVE BELOW, INC is the larger business by last-quarter revenue ($1.0B vs $625.1M, roughly 1.7× WATTS WATER TECHNOLOGIES INC). WATTS WATER TECHNOLOGIES INC runs the higher net margin — 13.4% vs 3.5%, a 9.9% gap on every dollar of revenue. On growth, FIVE BELOW, INC posted the faster year-over-year revenue change (23.1% vs 15.7%). WATTS WATER TECHNOLOGIES INC produced more free cash flow last quarter ($140.3M vs $-133.2M). Over the past eight quarters, WATTS WATER TECHNOLOGIES INC's revenue compounded faster (4.6% 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.

AERCO International, Inc. is a manufacturer and supplier of commercial condensing boilers, high efficiency water heating equipment and energy recovery systems in the HVAC/plumbing industry across a variety of markets including education, lodging, government, office buildings, healthcare, industrial and multifamily housing. In 1949, AERCO introduced the industry's first semi-instantaneous, tankless steam-to-water water heater. In 1988, AERCO introduced the first condensing and fully modulating...

FIVE vs WTS — Head-to-Head

Bigger by revenue
FIVE
FIVE
1.7× larger
FIVE
$1.0B
$625.1M
WTS
Growing faster (revenue YoY)
FIVE
FIVE
+7.4% gap
FIVE
23.1%
15.7%
WTS
Higher net margin
WTS
WTS
9.9% more per $
WTS
13.4%
3.5%
FIVE
More free cash flow
WTS
WTS
$273.5M more FCF
WTS
$140.3M
$-133.2M
FIVE
Faster 2-yr revenue CAGR
WTS
WTS
Annualised
WTS
4.6%
-11.9%
FIVE

Income Statement — Q3 FY2026 vs Q4 FY2025

Metric
FIVE
FIVE
WTS
WTS
Revenue
$1.0B
$625.1M
Net Profit
$36.5M
$83.7M
Gross Margin
33.8%
49.5%
Operating Margin
4.2%
18.2%
Net Margin
3.5%
13.4%
Revenue YoY
23.1%
15.7%
Net Profit YoY
2063.9%
24.0%
EPS (diluted)
$0.66
$2.50

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
WTS
WTS
Q4 25
$1.0B
$625.1M
Q3 25
$1.0B
$611.7M
Q2 25
$970.5M
$643.7M
Q1 25
$1.4B
$558.0M
Q4 24
$843.7M
$540.4M
Q3 24
$830.1M
$543.6M
Q2 24
$811.9M
$597.3M
Q1 24
$1.3B
$570.9M
Net Profit
FIVE
FIVE
WTS
WTS
Q4 25
$36.5M
$83.7M
Q3 25
$42.8M
$82.2M
Q2 25
$41.1M
$100.9M
Q1 25
$187.5M
$74.0M
Q4 24
$1.7M
$67.5M
Q3 24
$33.0M
$69.1M
Q2 24
$31.5M
$82.0M
Q1 24
$202.2M
$72.6M
Gross Margin
FIVE
FIVE
WTS
WTS
Q4 25
33.8%
49.5%
Q3 25
33.3%
48.8%
Q2 25
33.4%
50.6%
Q1 25
40.2%
48.8%
Q4 24
30.6%
46.7%
Q3 24
32.7%
47.3%
Q2 24
32.5%
47.7%
Q1 24
41.2%
46.9%
Operating Margin
FIVE
FIVE
WTS
WTS
Q4 25
4.2%
18.2%
Q3 25
5.1%
18.2%
Q2 25
5.2%
21.0%
Q1 25
17.7%
15.7%
Q4 24
-0.1%
16.5%
Q3 24
5.0%
17.1%
Q2 24
4.5%
18.7%
Q1 24
20.1%
16.9%
Net Margin
FIVE
FIVE
WTS
WTS
Q4 25
3.5%
13.4%
Q3 25
4.2%
13.4%
Q2 25
4.2%
15.7%
Q1 25
13.5%
13.3%
Q4 24
0.2%
12.5%
Q3 24
4.0%
12.7%
Q2 24
3.9%
13.7%
Q1 24
15.1%
12.7%
EPS (diluted)
FIVE
FIVE
WTS
WTS
Q4 25
$0.66
$2.50
Q3 25
$0.77
$2.45
Q2 25
$0.75
$3.01
Q1 25
$3.40
$2.21
Q4 24
$0.03
$2.02
Q3 24
$0.60
$2.06
Q2 24
$0.57
$2.44
Q1 24
$3.64
$2.17

Balance Sheet & Financial Strength

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

Metric
FIVE
FIVE
WTS
WTS
Cash + ST InvestmentsLiquidity on hand
$524.5M
$405.5M
Total DebtLower is stronger
Stockholders' EquityBook value
$2.0B
$2.0B
Total Assets
$4.8B
$2.9B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVE
FIVE
WTS
WTS
Q4 25
$524.5M
$405.5M
Q3 25
$670.2M
$457.7M
Q2 25
$624.0M
$369.3M
Q1 25
$528.8M
$336.8M
Q4 24
$216.6M
$386.9M
Q3 24
$327.7M
$303.9M
Q2 24
$369.6M
$279.4M
Q1 24
$460.1M
$237.1M
Stockholders' Equity
FIVE
FIVE
WTS
WTS
Q4 25
$2.0B
$2.0B
Q3 25
$1.9B
$2.0B
Q2 25
$1.9B
$1.9B
Q1 25
$1.8B
$1.8B
Q4 24
$1.6B
$1.7B
Q3 24
$1.6B
$1.7B
Q2 24
$1.6B
$1.6B
Q1 24
$1.6B
$1.6B
Total Assets
FIVE
FIVE
WTS
WTS
Q4 25
$4.8B
$2.9B
Q3 25
$4.6B
$2.7B
Q2 25
$4.5B
$2.6B
Q1 25
$4.3B
$2.5B
Q4 24
$4.2B
$2.4B
Q3 24
$4.0B
$2.4B
Q2 24
$3.9B
$2.4B
Q1 24
$3.9B
$2.3B

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
WTS
WTS
Operating Cash FlowLast quarter
$-80.1M
$154.7M
Free Cash FlowOCF − Capex
$-133.2M
$140.3M
FCF MarginFCF / Revenue
-12.8%
22.4%
Capex IntensityCapex / Revenue
5.1%
2.3%
Cash ConversionOCF / Net Profit
-2.19×
1.85×
TTM Free Cash FlowTrailing 4 quarters
$323.0M
$356.3M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVE
FIVE
WTS
WTS
Q4 25
$-80.1M
$154.7M
Q3 25
$93.0M
$122.4M
Q2 25
$132.7M
$69.7M
Q1 25
$363.5M
$55.2M
Q4 24
$-30.6M
$139.5M
Q3 24
$71.3M
$90.7M
Q2 24
$26.4M
$85.3M
Q1 24
$407.7M
$45.6M
Free Cash Flow
FIVE
FIVE
WTS
WTS
Q4 25
$-133.2M
$140.3M
Q3 25
$48.3M
$110.9M
Q2 25
$96.5M
$59.5M
Q1 25
$311.4M
$45.6M
Q4 24
$-111.0M
$127.5M
Q3 24
$-32.4M
$84.3M
Q2 24
$-61.4M
$78.5M
Q1 24
$304.6M
$35.5M
FCF Margin
FIVE
FIVE
WTS
WTS
Q4 25
-12.8%
22.4%
Q3 25
4.7%
18.1%
Q2 25
9.9%
9.2%
Q1 25
22.4%
8.2%
Q4 24
-13.2%
23.6%
Q3 24
-3.9%
15.5%
Q2 24
-7.6%
13.1%
Q1 24
22.8%
6.2%
Capex Intensity
FIVE
FIVE
WTS
WTS
Q4 25
5.1%
2.3%
Q3 25
4.4%
1.9%
Q2 25
3.7%
1.6%
Q1 25
3.7%
1.7%
Q4 24
9.5%
2.2%
Q3 24
12.5%
1.2%
Q2 24
10.8%
1.1%
Q1 24
7.7%
1.8%
Cash Conversion
FIVE
FIVE
WTS
WTS
Q4 25
-2.19×
1.85×
Q3 25
2.17×
1.49×
Q2 25
3.22×
0.69×
Q1 25
1.94×
0.75×
Q4 24
-18.13×
2.07×
Q3 24
2.16×
1.31×
Q2 24
0.84×
1.04×
Q1 24
2.02×
0.63×

Financial Flow Comparison

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

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