Latest: Q2 FY27 · from the cash-flow statements filed with the SEC
Free cash flow$142M in Q2 FY27 · $599M over twelve months
Operating cash flow$215M
Capital spending−$73.2M
Free cash flow+$142M
Cash / net income1.0×
Analysis
In Q2 FY27, Five Below generated $215M of operating cash flow and spent $73.2M on capital projects, leaving free cash flow of $142M.
Over the twelve months to Aug 1, 2026, operating cash flow was $803M; the largest uses were other investing ($519M), capital spending ($204M), buybacks ($60.4M); besides operations, cash came from other financing ($929K); the cash balance fell by $1.7M.
Operating cash flow was $215M against net income of $221M — 1.0× profit, roughly in line with earnings. The largest differences: inventory −$128M, income taxes payable −$93.8M, payables +$83.9M.
Free cash flow
Operating cash flow less capital spending.Latest (Q2 FY27): Operating cash flow $215M, Capital spending $73.2M.
Capital allocation, year by year
Over these 5 years operating cash flow totalled $2.2B; the largest uses were capital spending ($1.4B) and buybacks ($221M). Cash-flow statements as filed.
Cash runway and the debt wall
Cash & investments$1.2B
Debtnone
Net cash$1.2B
Five Below funds itself: free cash flow was $599M over the last twelve months, with $1.2B of cash and investments and no debt on the balance sheet.
Where the cash came from and went
From profit to cash
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.
Every quarter
Quarter
Operating cash flow
Capital spending
Buybacks
Cash drawn (+) / kept (−)
Free cash flow
Q2 FY27
$215M
−$73.2M
—
$77.8M
$142M
Q1 FY27
$227M
−$37.2M
—
$84.8M
$190M
Q4 FY26
$441M
−$40.8M
—
−$373M
$400M
Q3 FY26
−$80.1M
−$53.0M
—
$212M
−$133M
Q2 FY26
$93.0M
−$44.7M
—
−$135M
$48.3M
Q1 FY26
$133M
−$36.2M
—
−$95.7M
$96.5M
Q4 FY25
$364M
−$52.1M
$13K
−$162M
$311M
Q3 FY25
−$30.6M
−$80.4M
—
$39.3M
−$111M
Five Below: income statement and cash flow
Five Below, Q2 FY27: revenue $1.3B (+23% year over year), operating margin 21.8%. The chart follows the revenue to costs, profit and cash.
Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.