If you are thinking that The Boys Season 5 is going to be a normal superhero finale where all the villains die in the last episode and the heroes win, then my friend, you are wrong. We both know that this series has never been straightforward.
We have seen time and again that The Boys shows us the dirty truth about power, ideologies, and consequences. Season 5 is going to be the most dangerous yet because it is the final season. Nothing is ever normal in this universe; crazy is the new normal here.
Amidst all this madness, I have brought you five crazy theories related to Season 5 of The Boys that will blow your mind. Let's dive right into it.
#1 Homelander vs. Ryan: The Brutal Showdown
My first theory suggests that we are going to see a brutal fight between Homelander and Ryan. This fight might not make sense if you just see Ryan as a kid with superpowers. But the moment you look at Ryan's origin and upbringing, you see a perfect counter to Homelander.
Ryan is a symbol. He is proof that Homelander's "God Complex" is built on a lie. Homelander was born in a lab, filled with trauma to make him psychologically weak, which is why he is so hungry for validation. On the other hand, Ryan is natural-born.
Ryan received love in his childhood, but his teenage years have shown him a lot of darkness, leading to changes in him. That is why he turned away from those who loved him and went to Homelander. But we have seen that what Homelander is doing is grooming, not parenting.
The "us against the world" narrative is shaping Ryan into a mini-Homelander, which the trailer hints at. This illusion will break when Ryan learns the truth about what Homelander did to his mother. That is when this fight will become personal for Ryan.
I believe Ryan has enough power to hurt Homelander—remember how his lasers decimated Stormfront while Homelander's didn't? Ryan might not kill him, but he could injure him enough for Butcher to deliver the final blow.
#2 Homelander Dies Early in the Season
This might sound crazy, but hear me out. My second theory is that Homelander could die in the first few episodes, or at most, by mid-season. He won't survive until the very end. This is a narrative necessity.
The series is called "The Boys," not "Homelander." While he has become an anchor, he is actually a catalyst. Showrunner Eric Kripke has hinted that the show is heading towards an apocalyptic ending, not just a single villain fight.
If Homelander stays alive until the last episode, the show contradicts its own ideology. We need time to see what happens after he is gone. What will his radicalized fans do? What will the supes with military power do?
His early death would send a message that fascist icons can be killed, but their ideology remains in the system. The Boys' mission isn't just to kill false gods, but to expose systems. This would make the story much more interesting and emotionally satisfying.
#3 MM vs. Soldier Boy
We are definitely going to see a face-off between MM and Soldier Boy. This conflict has been brewing for a long time. Soldier Boy isn't just a strong supe; he represents the idea of "Old America"—untouchable heroes with zero accountability for collateral damage.
For MM, Soldier Boy is a generational trauma. He knows his family's death wasn't just an accident; it was a result of that old discrimination. This fight won't just be about punches, because physically, Soldier Boy can rival Homelander.
It will be about MM taking revenge for the night Soldier Boy took his family and left him with PTSD. With the supe-killing virus introduced, they might use it to make Soldier Boy human and then beat him, or trick him.
The most important thing for MM is to destroy Soldier Boy's legacy and question his accountability. The show focuses on narrative domination over physical domination. Soldier Boy must face the consequences of his actions.
#4 Hughie Will Kill Butcher
This is one of the most unexpected theories: Butcher will be killed by none other than Hughie. We know The Boys always surprises us. Butcher's ideology is simple—all supes must die. This parallels Homelander's belief that all humans should die.
Both are filled with extremism. Hughie, however, has been the opposite throughout the show. He is the heart. He proves humans can be strong without a God Complex. He forgave A-Train and learned from Starlight that not all supes are monsters.
In Season 5, Butcher's final plan will likely cross a line, aiming to kill every single supe, potentially including Kimiko and Starlight as "necessary collateral damage." Starlight is Hughie's happiness; if he loses her, he is finished.
When Hughie discovers this plan, he won't just stop Butcher; he will end him. It mirrors a student vs. mentor battle. It crystallizes the show's thesis: to fight monsters, you don't need to become one.
#5 The Tragic End of Frenchie and Kimiko
Finally, I believe Frenchie and Kimiko's death is fixed. Their arc is about redemption, not punishment. They want to run from their past, but it always catches up. I see two scenarios here.
They might die saving someone. They have done so much that even if they survive the super war, someone will come for them. Alternatively, they might die trying to stop Butcher. Since Frenchie can make the virus, it becomes his responsibility to stop Butcher from using it to kill Kimiko.
Frenchie would never let Butcher harm Kimiko, and Kimiko would never let anything happen to Frenchie. They will likely die protecting each other. Their death would be the final blow for the audience and effectively end "The Boys" team permanently.
