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Side-by-side financial comparison of Five9, Inc. (FIVN) and SPORTSMAN'S WAREHOUSE HOLDINGS, INC. (SPWH). Click either name above to swap in a different company.

SPORTSMAN'S WAREHOUSE HOLDINGS, INC. is the larger business by last-quarter revenue ($331.3M vs $300.3M, roughly 1.1× Five9, Inc.). On growth, Five9, Inc. posted the faster year-over-year revenue change (7.8% vs 2.2%). Five9, Inc. produced more free cash flow last quarter ($77.3M vs $8.7M). Over the past eight quarters, Five9, Inc.'s revenue compounded faster (10.3% CAGR vs -5.4%).

Five9, Inc. is a leading global provider of cloud-native contact center software and solutions. It serves enterprises of all sizes across retail, healthcare, financial services, and technology sectors, offering omnichannel customer engagement tools, AI-powered automation, workforce management, and analytics to boost customer experience and operational efficiency.

Sportsman's Warehouse is an American outdoor sporting goods retailer which operates in 29 states across the United States. Sportsman's Warehouse sells apparel, footwear, and gear which caters to sportsmen and sportswomen with interests in hunting, shooting, reloading, camping, fishing, and other outdoor recreational activities.

FIVN vs SPWH — Head-to-Head

Bigger by revenue
SPWH
SPWH
1.1× larger
SPWH
$331.3M
$300.3M
FIVN
Growing faster (revenue YoY)
FIVN
FIVN
+5.6% gap
FIVN
7.8%
2.2%
SPWH
More free cash flow
FIVN
FIVN
$68.6M more FCF
FIVN
$77.3M
$8.7M
SPWH
Faster 2-yr revenue CAGR
FIVN
FIVN
Annualised
FIVN
10.3%
-5.4%
SPWH

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
FIVN
FIVN
SPWH
SPWH
Revenue
$300.3M
$331.3M
Net Profit
$8.0K
Gross Margin
55.4%
32.8%
Operating Margin
6.6%
1.3%
Net Margin
0.0%
Revenue YoY
7.8%
2.2%
Net Profit YoY
-97.8%
EPS (diluted)
$0.22
$0.00

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
FIVN
FIVN
SPWH
SPWH
Q4 25
$300.3M
$331.3M
Q3 25
$285.8M
$293.9M
Q2 25
$283.3M
$249.1M
Q1 25
$279.7M
$340.4M
Q4 24
$278.7M
$324.3M
Q3 24
$264.2M
$288.7M
Q2 24
$252.1M
$244.2M
Q1 24
$247.0M
$370.4M
Net Profit
FIVN
FIVN
SPWH
SPWH
Q4 25
$8.0K
Q3 25
$18.0M
$-7.1M
Q2 25
$1.2M
$-21.3M
Q1 25
$576.0K
$-8.7M
Q4 24
$-364.0K
Q3 24
$-4.5M
$-5.9M
Q2 24
$-12.8M
$-18.1M
Q1 24
$-7.1M
$-8.7M
Gross Margin
FIVN
FIVN
SPWH
SPWH
Q4 25
55.4%
32.8%
Q3 25
55.0%
32.0%
Q2 25
54.9%
30.4%
Q1 25
55.0%
30.4%
Q4 24
56.0%
31.8%
Q3 24
53.8%
31.2%
Q2 24
53.0%
30.2%
Q1 24
53.6%
26.8%
Operating Margin
FIVN
FIVN
SPWH
SPWH
Q4 25
6.6%
1.3%
Q3 25
5.6%
-1.1%
Q2 25
-0.6%
-7.9%
Q1 25
-1.9%
1.1%
Q4 24
1.5%
1.0%
Q3 24
-5.8%
-1.5%
Q2 24
-7.7%
-8.4%
Q1 24
-8.4%
-2.1%
Net Margin
FIVN
FIVN
SPWH
SPWH
Q4 25
0.0%
Q3 25
6.3%
-2.4%
Q2 25
0.4%
-8.5%
Q1 25
0.2%
-2.6%
Q4 24
-0.1%
Q3 24
-1.7%
-2.0%
Q2 24
-5.1%
-7.4%
Q1 24
-2.9%
-2.4%
EPS (diluted)
FIVN
FIVN
SPWH
SPWH
Q4 25
$0.22
$0.00
Q3 25
$0.21
$-0.18
Q2 25
$0.01
$-0.56
Q1 25
$0.01
$-0.22
Q4 24
$0.16
$-0.01
Q3 24
$-0.06
$-0.16
Q2 24
$-0.17
$-0.48
Q1 24
$-0.10
$-0.22

Balance Sheet & Financial Strength

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

Metric
FIVN
FIVN
SPWH
SPWH
Cash + ST InvestmentsLiquidity on hand
$232.1M
$2.2M
Total DebtLower is stronger
$44.0M
Stockholders' EquityBook value
$785.8M
$209.5M
Total Assets
$1.8B
$913.9M
Debt / EquityLower = less leverage
0.21×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
FIVN
FIVN
SPWH
SPWH
Q4 25
$232.1M
$2.2M
Q3 25
$193.4M
$1.8M
Q2 25
$205.5M
$3.6M
Q1 25
$370.3M
$2.8M
Q4 24
$362.5M
$2.7M
Q3 24
$291.0M
$2.6M
Q2 24
$175.7M
$2.2M
Q1 24
$240.2M
$3.1M
Total Debt
FIVN
FIVN
SPWH
SPWH
Q4 25
$44.0M
Q3 25
$43.9M
Q2 25
$24.1M
Q1 25
$24.1M
Q4 24
$24.0M
Q3 24
$24.0M
Q2 24
Q1 24
Stockholders' Equity
FIVN
FIVN
SPWH
SPWH
Q4 25
$785.8M
$209.5M
Q3 25
$775.3M
$208.9M
Q2 25
$717.4M
$215.1M
Q1 25
$664.3M
$235.7M
Q4 24
$622.2M
$243.6M
Q3 24
$565.6M
$243.0M
Q2 24
$525.9M
$247.5M
Q1 24
$483.6M
$264.6M
Total Assets
FIVN
FIVN
SPWH
SPWH
Q4 25
$1.8B
$913.9M
Q3 25
$1.8B
$948.9M
Q2 25
$1.7B
$929.7M
Q1 25
$2.1B
$852.1M
Q4 24
$2.1B
$967.7M
Q3 24
$2.0B
$901.9M
Q2 24
$1.9B
$930.4M
Q1 24
$1.9B
$886.2M
Debt / Equity
FIVN
FIVN
SPWH
SPWH
Q4 25
0.21×
Q3 25
0.21×
Q2 25
0.11×
Q1 25
0.10×
Q4 24
0.10×
Q3 24
0.10×
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
FIVN
FIVN
SPWH
SPWH
Operating Cash FlowLast quarter
$83.6M
$16.3M
Free Cash FlowOCF − Capex
$77.3M
$8.7M
FCF MarginFCF / Revenue
25.8%
2.6%
Capex IntensityCapex / Revenue
2.1%
2.3%
Cash ConversionOCF / Net Profit
2038.00×
TTM Free Cash FlowTrailing 4 quarters
$201.2M
$-39.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
FIVN
FIVN
SPWH
SPWH
Q4 25
$83.6M
$16.3M
Q3 25
$59.2M
$-26.6M
Q2 25
$35.1M
$-60.2M
Q1 25
$48.4M
$52.8M
Q4 24
$49.8M
$-2.5M
Q3 24
$41.1M
$18.5M
Q2 24
$19.9M
$-34.6M
Q1 24
$32.4M
$68.9M
Free Cash Flow
FIVN
FIVN
SPWH
SPWH
Q4 25
$77.3M
$8.7M
Q3 25
$48.7M
$-33.9M
Q2 25
$31.6M
$-64.0M
Q1 25
$43.7M
$49.6M
Q4 24
$40.5M
$-6.2M
Q3 24
$26.7M
$14.1M
Q2 24
$13.1M
$-38.0M
Q1 24
$20.4M
$60.2M
FCF Margin
FIVN
FIVN
SPWH
SPWH
Q4 25
25.8%
2.6%
Q3 25
17.0%
-11.5%
Q2 25
11.1%
-25.7%
Q1 25
15.6%
14.6%
Q4 24
14.5%
-1.9%
Q3 24
10.1%
4.9%
Q2 24
5.2%
-15.5%
Q1 24
8.3%
16.2%
Capex Intensity
FIVN
FIVN
SPWH
SPWH
Q4 25
2.1%
2.3%
Q3 25
3.7%
2.5%
Q2 25
1.2%
1.5%
Q1 25
1.7%
1.0%
Q4 24
3.3%
1.1%
Q3 24
5.4%
1.5%
Q2 24
2.7%
1.4%
Q1 24
4.8%
2.4%
Cash Conversion
FIVN
FIVN
SPWH
SPWH
Q4 25
2038.00×
Q3 25
3.29×
Q2 25
30.38×
Q1 25
84.00×
Q4 24
Q3 24
Q2 24
Q1 24

Financial Flow Comparison

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

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