What is Sally Beauty Holdings, Inc.'s earnings per share (EPS)?

Sally Beauty Holdings, Inc. (SBH) reported diluted earnings per share of $1.89 for fiscal year 2025. This represents a 32.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Sally Beauty Holdings, Inc. (SBH) Financials

SBH

Trailing 12 months to June 30, 2026

Revenue $3.7B +1.1% YoY

Net Income $192.3M -0.9% YoY

EPS (Diluted) $1.92 +3.8% YoY

Free Cash Flow $241.2M +43.6% YoY

Market Cap $1.5B as of Oct 6, 2026

Price / Sales 0.4x on $3.7B revenue, trailing 12 months to June 30, 2026

Price / Earnings 7.8x on $192.3M net income, trailing 12 months to June 30, 2026

Price / Book 1.7x on $871.5M equity, Q3 FY2026

A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 6, 2026; every other figure is from the SEC filings on this page. Not financial advice.

Source SEC Filings (10-K/10-Q) Latest period Q3 FY2026, ended Jun 30, 2026 Reported Aug 3, 2026 Currency USD FYE September

Newest figures come from the 10-Q for Q3 FY2026, filed Aug 3, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the SBH SEC filings page.

Sally Beauty Holdings, Inc. (SBH) reported $3.7B in revenue over the twelve months to Jun 30, 2026, up 1.1% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI SBH FY2025 2026-10-04

Flat sales conceal a 2025 earnings recovery built on cost control, stronger cash conversion, and sharply reduced leverage.

Debt-to-equity fell from 4.9x in FY2021 to 1.1x in FY2025, a major shift toward less creditor-dependent financing despite nearly flat sales. FY2025 operating cash flow of $274.8M exceeded net income of $195.9M, indicating that deleveraging is supported by cash generation rather than top-line expansion.

Revenue was nearly flat in FY2025, yet operating margin recovered from 7.6% to 8.9%. Gross margin reached 51.6%, so the improvement appears to sit below gross profit: lower operating-cost pressure or better expense absorption, rather than volume-led expansion.

Operating cash flow exceeded net income in FY2025, and free cash flow stayed positive after capital spending; accounting profit therefore translated into cash after reinvestment. Inventory was $987.6M versus $31.8M of receivables, making inventory the dominant working-capital commitment and leaving cash generation more dependent on merchandise turnover than customer collections.

Financial Health Signals

Financial Health Score 54/100

Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →

Health score ≠ stock price. This rates the quality of Sally Beauty Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Profitability

Sally Beauty Holdings, Inc. has an operating margin of 8.9%, meaning the company retains $9 of operating profit per $100 of revenue. This strong profitability earns a score of 72/100, reflecting efficient cost management and pricing power. This is up from 7.6% the prior year.

Growth

Sally Beauty Holdings, Inc.'s revenue declined 0.4% year-over-year, from $3.7B to $3.7B. This contraction results in a growth score of 29/100.

Leverage

Sally Beauty Holdings, Inc. has a moderate D/E ratio of 1.09. This balance of debt and equity financing earns a leverage score of 35/100.

Liquidity

With a current ratio of 2.26, Sally Beauty Holdings, Inc. holds $2.26 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 65/100.

Cash Flow

Sally Beauty Holdings, Inc. has a free cash flow margin of 4.7%, earning a moderate score of 42/100. The company generates positive cash flow after capital investments, but with room for improvement.

Returns

Sally Beauty Holdings, Inc. earns a strong 24.7% return on equity (ROE), meaning it generates $25 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 82/100. This is up from 24.4% the prior year.

Altman Z-Score Grey Zone

2.84

Sally Beauty Holdings, Inc. scores 2.84, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.

Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.

Piotroski F-Score Strong

8/9

Sally Beauty Holdings, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.

Earnings Quality Cash-Backed

1.40x

For every $1 of reported earnings, Sally Beauty Holdings, Inc. generates $1.40 in operating cash flow ($274.8M OCF vs $195.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Interest Coverage Safe

5.09x

Sally Beauty Holdings, Inc. earns $5.09 in operating income for every $1 of interest expense ($327.8M vs $64.4M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.

Key Financial Metrics

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Earnings & Revenue

Revenue

$935.5M

YoY+0.2%

QoQ+3.6%

5Y CAGR-1.8%

10Y CAGR-0.6%

Sally Beauty Holdings, Inc. generated $935.5M in revenue in Q3 2026. This represents an increase of 0.2% from the same quarter a year earlier. Against the prior quarter it is up 3.6%.

EBITDA

$112.6M

YoY+9.5%

QoQ+15.9%

5Y CAGR-5.9%

Sally Beauty Holdings, Inc.'s EBITDA was $112.6M in Q3 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 9.5% from the same quarter a year earlier. Against the prior quarter it is up 15.9%.

Net Income

$54.1M

YoY+18.3%

QoQ+26.7%

5Y CAGR-6.6%

10Y CAGR-2.3%

Sally Beauty Holdings, Inc. reported $54.1M in net income in Q3 2026. This represents an increase of 18.3% from the same quarter a year earlier. Against the prior quarter it is up 26.7%.

EPS (Diluted)

$0.55

YoY+25.0%

QoQ+27.9%

5Y CAGR-3.6%

10Y CAGR+1.8%

Sally Beauty Holdings, Inc. earned $0.55 per diluted share (EPS) in Q3 2026. This represents an increase of 25.0% from the same quarter a year earlier. Against the prior quarter it is up 27.9%.

Cash & Balance Sheet

Free Cash Flow

$61.6M

YoY+25.4%

QoQ+39.7%

5Y CAGR-2.1%

10Y CAGR+73.8%

Sally Beauty Holdings, Inc. generated $61.6M in free cash flow in Q3 2026, representing cash available after capex. This represents an increase of 25.4% from the same quarter a year earlier. Against the prior quarter it is up 39.7%.

Cash & Debt

$173.1M

YoY+53.5%

QoQ+10.0%

5Y CAGR-8.5%

10Y CAGR+6.6%

Sally Beauty Holdings, Inc. held $173.1M in cash against $803.6M in long-term debt as of Q3 2026.

Shares Outstanding

94M

YoY-5.4%

QoQ-1.9%

5Y CAGR-3.7%

10Y CAGR-4.4%

Sally Beauty Holdings, Inc. had 94M shares outstanding in Q3 2026. This represents a decrease of 5.4% from the same quarter a year earlier. Against the prior quarter it is down 1.9%.

Dividends Per Share

Not reported for Q3 2026.

Margins & Returns

Gross Margin

52.4%

YoY+0.9pp

QoQ-0.3pp

5Y change+2.1pp

10Y change+2.4pp

Sally Beauty Holdings, Inc.'s gross margin was 52.4% in Q3 2026, indicating the percentage of revenue retained after direct costs. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.3 percentage points.

Operating Margin

9.2%

YoY+0.9pp

QoQ+1.3pp

5Y change-3.2pp

Sally Beauty Holdings, Inc.'s operating margin was 9.2% in Q3 2026, reflecting core business profitability. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.3 percentage points.

Net Margin

5.8%

YoY+0.9pp

QoQ+1.0pp

5Y change-1.7pp

10Y change-1.0pp

Sally Beauty Holdings, Inc.'s net profit margin was 5.8% in Q3 2026, showing the share of revenue converted to profit. This is up 0.9 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.0 percentage points.

Return on Equity

6.2%

YoY+0.2pp

QoQ+1.1pp

5Y change-28.1pp

Sally Beauty Holdings, Inc.'s ROE was 6.2% in Q3 2026, measuring profit generated per dollar of shareholder equity. This is up 0.2 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.1 percentage points.

Capital Allocation

Share Buybacks

$25.6M

YoY+94.6%

QoQ0.0%

Sally Beauty Holdings, Inc. spent $25.6M on share buybacks in Q3 2026, returning capital to shareholders by reducing shares outstanding. This represents an increase of 94.6% from the same quarter a year earlier. It is unchanged from the prior quarter.

Capital Expenditures

$19.3M

YoY-4.9%

QoQ-33.8%

5Y CAGR+1.7%

10Y CAGR-6.1%

Sally Beauty Holdings, Inc. invested $19.3M in capex in Q3 2026, funding long-term assets and infrastructure. This represents a decrease of 4.9% from the same quarter a year earlier. Against the prior quarter it is down 33.8%.

R&D Spending

Not reported for Q3 2026.

SBH Income Statement

Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBH quarterly income statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Revenue	$3.7B	$3.7B-0.4%	$3.7B-0.3%	$3.7B-2.3%	$3.8B-1.5%	$3.9B+10.3%	$3.5B-9.3%	$3.9B-1.4%	$3.9B-0.1%	$3.9B-0.4%	$4.0B+3.1%	$3.8B+2.2%	$3.8B+3.6%	$3.6B+2.8%	$3.5B+7.8%	$3.3B
Cost of Revenue	$1.8B	$1.8B-2.0%	$1.8B-0.2%	$1.8B-3.5%	$1.9B-1.3%	$1.9B+6.8%	$1.8B-8.5%	$2.0B-1.1%	$2.0B+0.7%	$2.0B-0.8%	$2.0B+2.7%	$1.9B+2.3%	$1.9B+3.6%	$1.8B+2.6%	$1.8B+6.3%	$1.7B
Gross Profit	$1.9B	$1.9B+1.1%	$1.9B-0.4%	$1.9B-1.1%	$1.9B-1.7%	$2.0B+13.9%	$1.7B-10.2%	$1.9B-1.7%	$1.9B-1.0%	$2.0B0.0%	$2.0B+3.5%	$1.9B+2.0%	$1.9B+3.6%	$1.8B+3.0%	$1.7B+9.3%	$1.6B
SG&A Expenses	$1.6B	$1.6B-1.5%	$1.6B+3.3%	$1.6B+0.1%	$1.6B+1.5%	$1.5B+6.1%	$1.4B-0.7%	$1.5B-2.1%	$1.5B+1.4%	$1.5B-0.1%	$1.5B+11.6%	$1.3B+3.1%	$1.3B+5.9%	$1.2B+2.0%	$1.2B+8.5%	$1.1B
Operating Income	$314.2M	$327.8M+15.9%	$282.7M-13.0%	$325.0M-3.7%	$337.6M-19.3%	$418.4M+61.7%	$258.8M-43.6%	$458.5M+7.5%	$426.6M-10.9%	$478.6M-4.0%	$498.3M+0.6%	$495.3M-2.3%	$507.0M-2.6%	$520.4M+4.2%	$499.4M+11.3%	$448.5M
EBITDA	N/A	$427.7M+9.0%	$392.5M-8.2%	$427.4M-2.3%	$437.6M-16.0%	$520.6M+42.4%	$365.5M-35.4%	$566.1M+5.7%	$535.4M-9.4%	$590.9M-1.2%	$598.0M+2.3%	$584.7M-0.3%	$586.7M-1.0%	$592.6M+5.1%	$564.1M+11.0%	$508.2M
Interest Expense	$57.4M	$64.4M-15.7%	$76.4M+4.7%	$73.0M-22.0%	$93.5M0.0%	$93.5M-5.3%	$98.8M+2.6%	$96.3M-1.9%	$98.2M-26.1%	$132.9M-7.9%	$144.2M+23.4%	$116.8M+0.5%	$116.3M+8.0%	$107.7M-22.2%	$138.4M+23.0%	$112.5M
Income Tax	$64.5M	$67.5M+27.6%	$52.9M-21.6%	$67.5M+11.4%	$60.5M-28.8%	$85.1M+82.1%	$46.7M-48.4%	$90.5M+28.6%	$70.4M-46.1%	$130.6M-0.4%	$131.1M-8.6%	$143.4M-0.9%	$144.7M-4.5%	$151.5M+18.5%	$127.9M+4.6%	$122.2M
Net Income	$192.3M	$195.9M+27.7%	$153.4M-16.9%	$184.6M+0.6%	$183.6M-23.5%	$239.9M+29.9%	$184.6M-32.0%	$271.6M+5.3%	$258.0M+20.0%	$215.1M-3.5%	$222.9M-5.2%	$235.1M-4.4%	$246.0M-5.8%	$261.2M+12.1%	$233.1M+9.0%	$213.7M
EPS (Basic)	N/A	$1.95+31.8%	$1.48-14.0%	$1.72+1.8%	$1.69-20.7%	$2.13+115.2%	$0.99-56.4%	$2.27+8.6%	$2.09+34.0%	$1.56+3.3%	$1.51+0.7%	$1.50-2.6%	$1.54+1.3%	$1.52+19.7%	$1.27+8.5%	$1.17
EPS (Diluted)	$1.92	$1.89+32.2%	$1.43-15.4%	$1.69+1.8%	$1.66-21.0%	$2.10	$0.99	$2.26+8.7%	$2.08+33.3%	$1.56+4.0%	$1.50+0.7%	$1.49-1.3%	$1.51+2.0%	$1.48+19.4%	$1.24+8.8%	$1.14
Diluted Shares (Avg)	N/A	104M-2.9%	107M-2.2%	109M-0.9%	110M-3.4%	114M	115M	120M-2.9%	124M-10.4%	138M-7.1%	149M-6.0%	158M-3.2%	163M-7.2%	176M-6.6%	189M+0.3%	188M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Revenue	$935.5M+0.2%	$903.4M+2.3%	$943.2M+0.6%	$947.1M+1.3%	$933.3M-1.0%	$883.1M-2.8%	$937.9M+0.7%	$935.0M+1.5%
Cost of Revenue	$445.2M-1.6%	$427.6M+0.8%	$459.9M-0.2%	$453.0M-0.6%	$452.3M-2.0%	$424.3M-4.7%	$461.1M-0.7%	$455.8M+0.2%
Gross Profit	$490.2M+1.9%	$475.8M+3.7%	$483.3M+1.3%	$494.1M+3.1%	$481.0M0.0%	$458.8M-0.9%	$476.8M+2.1%	$479.2M+2.7%
SG&A Expenses	$403.9M+0.3%	$403.8M+3.7%	$407.3M+8.2%	$414.2M+4.2%	$402.8M-1.4%	$389.4M-3.5%	$376.5M-5.4%	$397.4M+1.8%
Operating Income	$86.4M+10.5%	$71.9M+3.7%	$75.9M-24.3%	$79.9M-2.8%	$78.2M+8.9%	$69.4M+16.4%	$100.3M+45.1%	$82.3M+7.0%
EBITDA	$112.6M+9.5%	$97.2M+2.6%	$99.6M-20.9%	$104.3M-3.9%	$102.8M+2.5%	$94.7M+9.5%	$125.9M+29.5%	$108.5M+4.8%
Interest Expense	$13.7M-12.8%	$14.2M-13.0%	$14.6M-16.2%	$15.0M-16.3%	$15.7M-24.1%	$16.3M-20.6%	$17.4M+0.7%	$17.9M-9.4%
Income Tax	$18.6M+11.2%	$15.1M+8.6%	$15.8M-27.9%	$15.1M-7.9%	$16.7M+25.5%	$13.9M+41.5%	$21.9M+62.9%	$16.3M+11.9%
Net Income	$54.1M+18.3%	$42.7M+8.9%	$45.6M-25.3%	$49.9M+3.9%	$45.7M+21.2%	$39.2M+34.1%	$61.0M+58.9%	$48.1M+12.9%
EPS (Basic)	$0.57+23.9%	$0.44+12.8%	$0.47-21.7%	$0.51+8.5%	$0.46+24.3%	$0.39+39.3%	$0.60+66.7%	$0.47+17.5%
EPS (Diluted)	$0.55+25.0%	$0.43+13.2%	$0.45-22.4%	$0.49+8.9%	$0.44+22.2%	$0.38+40.7%	$0.58+65.7%	$0.45+15.4%
Diluted Shares (Avg)	98M-5.2%	100M-4.5%	101M-4.0%	N/A	103M-2.5%	104M-2.5%	105M-3.4%	N/A

Not reported in any period shown, so not listed: R&D Expenses.

SBH Balance Sheet

SBH quarterly balance sheet

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Total Assets	$2.9B+2.8%	$2.8B+2.5%	$2.7B+5.8%	$2.6B-9.5%	$2.8B-1.7%	$2.9B+38.0%	$2.1B0.0%	$2.1B-0.1%	$2.1B+0.2%	$2.1B0.0%	$2.1B+4.5%	$2.0B+4.1%	$1.9B-6.8%	$2.1B+19.5%	$1.7B
Current Assets	$1.3B-0.3%	$1.3B+6.3%	$1.2B+8.4%	$1.1B-18.2%	$1.4B-3.5%	$1.4B+23.2%	$1.2B+0.7%	$1.2B+1.1%	$1.1B-2.6%	$1.2B-1.2%	$1.2B+7.5%	$1.1B+8.7%	$1.0B-12.7%	$1.2B+32.4%	$879.1M
Cash & Equivalents	$149.2M+38.2%	$108.0M-12.2%	$123.0M+74.3%	$70.6M-82.4%	$401.0M-22.0%	$514.2M+619.1%	$71.5M-7.5%	$77.3M+21.2%	$63.8M-26.4%	$86.6M-38.1%	$140.0M+31.4%	$106.6M+126.2%	$47.1M-80.4%	$240.2M+278.4%	$63.5M
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$987.6M-4.7%	$1.0B+6.3%	$975.2M+4.1%	$936.4M+7.5%	$871.3M+7.0%	$814.5M-14.5%	$952.9M+0.9%	$944.3M+1.4%	$930.9M+2.6%	$907.3M+2.5%	$885.2M+6.9%	$828.4M+2.5%	$808.3M+9.9%	$735.4M+10.5%	$665.2M
Accounts Receivable	$31.8M-5.4%	$33.6M+0.6%	$33.4M-2.0%	$34.1M+4.5%	$32.6M-8.3%	$35.6M-17.5%	$43.1M-10.9%	$48.4M+3.0%	$47.0M+0.1%	$46.9M-3.4%	$48.6M-6.2%	$51.8M-9.2%	$57.0M-4.1%	$59.5M-4.0%	$62.0M
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$540.7M+0.4%	$538.3M+1.0%	$533.1M+1.3%	$526.1M-2.8%	$541.2M+0.2%	$540.0M+1.7%	$530.8M-1.0%	$535.9M-0.3%	$537.8M+1.0%	$532.7M+1.6%	$524.4M-2.2%	$536.3M-0.4%	$538.3M+1.1%	$532.3M+5.2%	$505.9M
Total Liabilities	$2.1B-4.0%	$2.2B-2.4%	$2.2B-2.9%	$2.3B-11.0%	$2.6B-10.9%	$2.9B+33.4%	$2.2B-8.8%	$2.4B-3.9%	$2.5B+2.3%	$2.4B+0.7%	$2.4B+1.7%	$2.4B+4.3%	$2.3B+3.3%	$2.2B+12.0%	$1.9B
Current Liabilities	$576.0M-2.8%	$592.7M+2.3%	$579.3M-13.3%	$667.9M+0.5%	$664.9M+18.0%	$563.4M+23.5%	$456.1M-7.1%	$491.2M-14.2%	$572.6M+17.2%	$488.7M-0.6%	$491.7M+6.1%	$463.5M-14.6%	$542.7M+13.7%	$477.4M+3.8%	$460.0M
Non-Current Liabilities	$1.5B-4.5%	$1.6B-4.0%	$1.6B+1.4%	$1.6B-15.1%	$1.9B-17.9%	$2.3B+36.0%	$1.7B-9.2%	$1.9B-0.8%	$1.9B-1.5%	$1.9B+1.0%	$1.9B+0.7%	$1.9B+10.3%	$1.7B+0.4%	$1.7B+14.5%	$1.5B
Long-Term Debt	$862.0M-11.9%	$978.3M-8.2%	$1.1B-1.6%	$1.1B-21.7%	$1.4B-23.1%	$1.8B+12.7%	$1.6B-9.9%	$1.8B-0.2%	$1.8B-0.6%	$1.8B-0.2%	$1.8B+0.1%	$1.8B+10.7%	$1.6B-0.2%	$1.6B+14.6%	$1.4B
Total Equity	$794.2M+26.4%	$628.5M+23.5%	$508.7M+73.3%	$293.6M+4.6%	$280.7M+1717.9%	$15.4M+125.6%	-$60.3M+77.5%	-$268.6M+26.1%	-$363.6M-31.7%	-$276.2M+7.3%	-$297.8M+14.2%	-$347.1M-14.4%	-$303.5M-163.7%	-$115.1M+47.4%	-$219.0M
Retained Earnings	$898.1M+21.2%	$740.7M+18.6%	$624.8M+41.9%	$440.2M+23.3%	$357.0M+204.8%	$117.1M+109.9%	$55.8M+131.0%	-$179.8M+36.5%	-$283.1M-59.4%	-$177.6M+18.8%	-$218.7M+31.7%	-$320.1M+16.9%	-$385.1M+40.4%	-$646.2M+26.5%	-$879.3M

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Total Assets	$2.9B+5.1%	$2.9B+5.4%	$2.9B+5.2%	$2.9B+2.8%	$2.7B+0.8%	$2.7B-1.5%	$2.7B-0.8%	$2.8B+2.5%
Current Assets	$1.3B+3.9%	$1.3B+4.3%	$1.3B+3.1%	$1.3B-0.3%	$1.3B-0.1%	$1.2B-3.2%	$1.2B-1.3%	$1.3B+6.3%
Cash & Equivalents	$173.1M+53.5%	$157.4M+70.8%	$157.2M+49.0%	$149.2M+38.2%	$112.8M+15.8%	$92.2M-5.1%	$105.5M-12.8%	$108.0M-12.2%
Short-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Inventory	$996.0M-0.9%	$986.8M-2.0%	$978.8M-2.7%	$987.6M-4.7%	$1.0B-1.7%	$1.0B-3.2%	$1.0B-0.2%	$1.0B+6.3%
Accounts Receivable	$26.4M-11.1%	$26.2M-4.0%	$26.8M+1.0%	$31.8M-5.4%	$29.7M-9.2%	$27.3M-21.2%	$26.6M-17.3%	$33.6M+0.6%
Long-Term Investments	$0	$0	$0	$0	$0	$0	$0	$0
Goodwill	$538.4M-0.5%	$539.1M+0.9%	$541.5M+1.9%	$540.7M+0.4%	$541.0M+1.3%	$534.2M-0.1%	$531.4M-1.0%	$538.3M+1.0%
Total Liabilities	$2.0B+1.5%	$2.0B+0.5%	$2.0B-1.3%	$2.1B-4.0%	$2.0B-7.6%	$2.0B-8.6%	$2.1B-6.2%	$2.2B-2.4%
Current Liabilities	$553.9M+5.7%	$553.5M+3.8%	$542.2M-1.2%	$576.0M-2.8%	$523.8M-11.9%	$533.3M-17.2%	$548.6M-4.3%	$592.7M+2.3%
Non-Current Liabilities	$1.5B0.0%	$1.5B-0.7%	$1.5B-1.4%	$1.5B-4.5%	$1.5B-5.9%	$1.5B-5.1%	$1.5B-6.9%	$1.6B-4.0%
Long-Term Debt	$803.6M-8.9%	$823.1M-8.8%	$842.5M-10.2%	$862.0M-11.9%	$882.4M-9.9%	$902.8M-7.7%	$938.1M-11.9%	$978.3M-8.2%
Total Equity	$871.5M+14.2%	$837.9M+19.7%	$823.6M+25.4%	$794.2M+26.4%	$762.9M+32.1%	$699.8M+27.0%	$656.5M+21.3%	$628.5M+23.5%
Retained Earnings	$980.0M+13.5%	$946.5M+14.6%	$923.3M+16.5%	$898.1M+21.2%	$863.3M+23.6%	$826.2M+23.9%	$792.6M+21.5%	$740.7M+18.6%

SBH Cash Flow Statement

SBH quarterly cash flow statement

Metric	TTM	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Operating Cash Flow	$368.3M	$274.8M+11.5%	$246.5M-1.1%	$249.3M+59.3%	$156.5M-59.0%	$381.9M-10.5%	$426.9M+33.2%	$320.4M-14.0%	$372.7M+8.6%	$343.3M-3.1%	$354.1M+17.7%	$300.8M-4.8%	$316.0M+1.8%	$310.5M+4.3%	$297.6M+2.0%	$291.8M
Depreciation & Amortization	N/A	$99.9M-8.9%	$109.7M+7.2%	$102.4M+2.5%	$99.9M-2.2%	$102.2M-4.3%	$106.8M-0.8%	$107.7M-1.1%	$108.8M-3.1%	$112.3M+12.7%	$99.7M+11.5%	$89.4M+12.2%	$79.7M+10.3%	$72.2M+11.6%	$64.7M+8.3%	$59.7M
Stock-Based Compensation	N/A	$19.2M+12.1%	$17.2M+8.3%	$15.9M+59.5%	$9.9M-14.7%	$11.7M+38.3%	$8.4M-8.2%	$9.2M-12.7%	$10.5M+0.1%	$10.5M-16.5%	$12.6M-25.0%	$16.8M-24.1%	$22.1M+15.1%	$19.2M+13.9%	$16.9M+8.3%	$15.6M
Capital Expenditures	$127.1M	$102.1M+1.0%	$101.2M+11.5%	$90.7M-8.6%	$99.3M+34.3%	$73.9M-33.3%	$110.9M+2.9%	$107.8M+24.6%	$86.5M-3.5%	$89.7M-40.7%	$151.2M+41.9%	$106.5M+39.2%	$76.6M-9.7%	$84.8M+22.9%	$69.0M+15.8%	$59.6M
Free Cash Flow	$241.2M	$172.7M+18.8%	$145.4M-8.3%	$158.6M+177.0%	$57.3M-81.4%	$308.0M-2.6%	$316.0M+48.6%	$212.7M-25.7%	$286.2M+12.8%	$253.6M+25.0%	$202.9M+4.4%	$194.3M-18.9%	$239.4M+6.1%	$225.7M-1.3%	$228.6M-1.6%	$232.3M
Investing Cash Flow	-$129.6M	-$58.3M+46.5%	-$108.9M-9.2%	-$99.8M+2.6%	-$102.4M-34.7%	-$76.0M+38.6%	-$123.8M-29.1%	-$95.9M-0.6%	-$95.3M-6.3%	-$89.6M+48.7%	-$174.8M-55.0%	-$112.8M	N/A	N/A	N/A	N/A
Financing Cash Flow	-$179.1M	-$178.4M-16.1%	-$153.7M-52.5%	-$100.8M+73.0%	-$373.7M+11.0%	-$420.0M-400.5%	$139.8M+160.9%	-$229.3M+12.9%	-$263.3M+5.1%	-$277.3M-19.5%	-$232.1M-52.8%	-$152.0M	N/A	N/A	N/A	N/A
Share Buybacks	$92.6M	$54.0M-10.6%	$60.4M+298.6%	$15.2M-88.4%	$130.3M	N/A	$61.4M+29.4%	$47.4M-71.5%	$166.7M-51.9%	$346.9M+65.9%	$209.1M-8.1%	$227.6M-31.7%	$333.3M-34.6%	$509.7M+154.9%	$200.0M	N/A

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Operating Cash Flow	$80.9M+16.6%	$73.3M+43.5%	$93.2M+178.7%	$120.9M+9.2%	$69.4M+45.0%	$51.1M+38.2%	$33.5M-34.4%	$110.7M-5.0%
Depreciation & Amortization	$26.2M+6.3%	$25.3M-0.3%	$23.6M-7.6%	$24.3M-7.2%	$24.7M-13.5%	$25.4M-5.9%	$25.6M-8.9%	$26.2M-1.6%
Stock-Based Compensation	N/A	N/A	$7.6M+24.8%	N/A	N/A	N/A	$6.1M+18.3%	N/A
Capital Expenditures	$19.3M-4.9%	$29.2M+54.4%	$35.8M+78.2%	$42.9M+14.8%	$20.3M+6.0%	$18.9M+33.9%	$20.1M-34.3%	$37.4M+38.6%
Free Cash Flow	$61.6M+25.4%	$44.1M+37.1%	$57.5M+329.4%	$78.0M+6.4%	$49.1M+70.9%	$32.2M+40.9%	$13.4M-34.6%	$73.3M-18.2%
Investing Cash Flow	-$19.3M-12.5%	-$29.2M-54.4%	-$35.8M-254.7%	-$45.3M-1.0%	-$17.2M+10.3%	-$18.9M-33.9%	$23.1M+175.2%	-$44.9M-24.7%
Financing Cash Flow	-$45.2M-32.1%	-$45.5M+1.0%	-$47.9M+17.0%	-$40.6M+27.4%	-$34.2M-18.3%	-$46.0M+0.4%	-$57.7M-153.2%	-$55.9M-71.7%
Share Buybacks	$25.6M+94.6%	$25.6M+149.9%	$20.8M+108.7%	$20.7M+108.8%	$13.2M+30.2%	$10.2M-49.3%	$9.9M-50.8%	$9.9M

Not reported in any period shown, so not listed: Dividends Paid.

SBH Financial Ratios

Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.

SBH quarterly financial ratios

Metric	FY2510-K	FY2410-K	FY2310-K	FY2210-K	FY2110-K	FY2010-K	FY1910-K	FY1810-K	FY1710-K	FY1610-K	FY1510-K	FY1410-K	FY1310-K	FY1210-K	FY1110-K
Gross Margin	51.6%+0.8pp	50.9%-0.1pp	50.9%+0.6pp	50.3%-0.1pp	50.4%+1.6pp	48.8%-0.5pp	49.3%-0.2pp	49.4%-0.5pp	49.9%+0.2pp	49.7%+0.2pp	49.5%-0.1pp	49.6%0.0pp	49.6%+0.1pp	49.5%+0.7pp	48.8%
Operating Margin	8.9%+1.2pp	7.6%-1.1pp	8.7%-0.1pp	8.8%-2.0pp	10.8%+3.4pp	7.4%-4.5pp	11.8%+1.0pp	10.8%-1.3pp	12.2%-0.5pp	12.6%-0.3pp	12.9%-0.6pp	13.5%-0.9pp	14.4%+0.2pp	14.2%+0.5pp	13.7%
Net Margin	5.3%+1.2pp	4.1%-0.8pp	5.0%+0.1pp	4.8%-1.4pp	6.2%+0.9pp	5.3%-1.8pp	7.0%+0.4pp	6.6%+1.1pp	5.5%-0.2pp	5.6%-0.5pp	6.1%-0.4pp	6.6%-0.7pp	7.2%+0.6pp	6.6%+0.1pp	6.5%
Return on Equity	24.7%+0.3pp	24.4%-11.9pp	36.3%-26.2pp	62.5%-22.9pp	85.4%-1109.9pp	1195.4%	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Assets	6.8%+1.3pp	5.5%-1.3pp	6.8%-0.4pp	7.1%-1.3pp	8.4%+2.0pp	6.4%-6.6pp	12.9%+0.6pp	12.3%+2.1pp	10.3%-0.4pp	10.6%-0.6pp	11.2%-1.1pp	12.3%-1.3pp	13.6%+2.3pp	11.3%-1.1pp	12.4%
Current Ratio	2.26+0.1x	2.20+0.1x	2.12+0.4x	1.70-0.4x	2.08-0.5x	2.540.0x	2.55+0.2x	2.35+0.4x	1.99-0.4x	2.400.0x	2.410.0x	2.38+0.5x	1.87-0.6x	2.44+0.5x	1.91
Debt-to-Equity	1.09-0.5x	1.56-0.5x	2.10-1.6x	3.69-1.2x	4.92-111.4x	116.36	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover	1.290.0x	1.330.0x	1.37-0.1x	1.48+0.1x	1.36+0.1x	1.21-0.6x	1.850.0x	1.880.0x	1.880.0x	1.89+0.1x	1.830.0x	1.870.0x	1.88+0.2x	1.71-0.2x	1.89
FCF Margin	4.7%+0.8pp	3.9%-0.3pp	4.3%+2.8pp	1.5%-6.5pp	8.0%-1.0pp	9.0%+3.5pp	5.5%-1.8pp	7.3%+0.8pp	6.4%+1.3pp	5.1%+0.1pp	5.1%-1.3pp	6.4%+0.1pp	6.2%-0.3pp	6.5%-0.6pp	7.1%

Metric	Q3'2610-Q	Q2'2610-Q	Q1'2610-Q	Q4'2510-Q	Q3'2510-Q	Q2'2510-Q	Q1'2510-Q	Q4'2410-K
Gross Margin	52.4%+0.9pp	52.7%+0.7pp	51.2%+0.4pp	52.2%+0.9pp	51.5%+0.5pp	51.9%+1.0pp	50.8%+0.7pp	51.2%+0.6pp
Operating Margin	9.2%+0.9pp	8.0%+0.1pp	8.1%-2.6pp	8.4%-0.4pp	8.4%+0.8pp	7.9%+1.3pp	10.7%+3.3pp	8.8%+0.4pp
Net Margin	5.8%+0.9pp	4.7%+0.3pp	4.8%-1.7pp	5.3%+0.1pp	4.9%+0.9pp	4.4%+1.2pp	6.5%+2.4pp	5.1%+0.5pp
Return on Equity	6.2%+0.2pp	5.1%-0.5pp	5.5%-3.8pp	6.3%-1.4pp	6.0%-0.5pp	5.6%+0.3pp	9.3%+2.2pp	7.6%-0.7pp
Return on Assets	1.9%+0.2pp	1.5%0.0pp	1.6%-0.6pp	1.7%0.0pp	1.7%+0.3pp	1.5%+0.4pp	2.3%+0.8pp	1.7%+0.2pp
Current Ratio	2.370.0x	2.340.0x	2.37+0.1x	2.26+0.1x	2.41+0.3x	2.32+0.3x	2.27+0.1x	2.20+0.1x
Debt-to-Equity	0.92-0.2x	0.98-0.3x	1.02-0.4x	1.09-0.5x	1.16-0.5x	1.29-0.5x	1.43-0.5x	1.56-0.5x
Asset Turnover	0.320.0x	0.320.0x	0.330.0x	0.330.0x	0.340.0x	0.330.0x	0.350.0x	0.330.0x
FCF Margin	6.6%+1.3pp	4.9%+1.2pp	6.1%+4.7pp	8.2%+0.4pp	5.3%+2.2pp	3.6%+1.1pp	1.4%-0.8pp	7.8%-1.9pp

Similar Companies

Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.

Company	Fiscal year	Revenue	Net income	Net margin	Market cap	Health score
Sally Beauty Holdings, Inc. SBH	FY2025	$3.7B	$195.9M	5.3%	$1.5B	54/100
Arhaus, Inc. ARHS	FY2025	$1.4B	$67.3M	4.9%	$1.5B	47/100
National Vision Holdings, Inc. EYE	FY2025	$2.0B	$29.6M	1.5%	$1.3B	36/100
Winmark Corp WINA	FY2025	$86.1M	$41.7M	48.4%	$1.1B	67/100
Savers Value Village, Inc. SVV	FY2025	$1.7B	$22.6M	1.4%	$1.4B	41/100
Petco Health and Wellness Company, Inc. WOOF	FY2025	$6.0B	$9.1M	0.1%	$627.3M	21/100

Where Sally Beauty Holdings, Inc. Ranks

Frequently Asked Questions

What is Sally Beauty Holdings, Inc.'s annual revenue?

Sally Beauty Holdings, Inc. (SBH) reported $3.7B in total revenue for fiscal year 2025. This represents a -0.4% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Sally Beauty Holdings, Inc.'s revenue growing?

Sally Beauty Holdings, Inc. (SBH) revenue declined by 0.4% year-over-year, from $3.7B to $3.7B in fiscal year 2025.

Is Sally Beauty Holdings, Inc. profitable?

Yes, Sally Beauty Holdings, Inc. (SBH) reported a net income of $195.9M in fiscal year 2025, with a net profit margin of 5.3%.

What is Sally Beauty Holdings, Inc.'s EBITDA?

Sally Beauty Holdings, Inc. (SBH) had EBITDA of $427.7M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

How much debt does Sally Beauty Holdings, Inc. have?

As of fiscal year 2025, Sally Beauty Holdings, Inc. (SBH) had $149.2M in cash and equivalents against $862.0M in long-term debt.

What is Sally Beauty Holdings, Inc.'s gross margin?

Sally Beauty Holdings, Inc. (SBH) had a gross margin of 51.6% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Sally Beauty Holdings, Inc.'s operating margin?

Sally Beauty Holdings, Inc. (SBH) had an operating margin of 8.9% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Sally Beauty Holdings, Inc.'s net profit margin?

Sally Beauty Holdings, Inc. (SBH) had a net profit margin of 5.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Sally Beauty Holdings, Inc.'s return on equity (ROE)?

Sally Beauty Holdings, Inc. (SBH) has a return on equity of 24.7% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Sally Beauty Holdings, Inc.'s free cash flow?

Sally Beauty Holdings, Inc. (SBH) generated $172.7M in free cash flow during fiscal year 2025. This represents a 18.8% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Sally Beauty Holdings, Inc.'s operating cash flow?

Sally Beauty Holdings, Inc. (SBH) generated $274.8M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Sally Beauty Holdings, Inc.'s total assets?

Sally Beauty Holdings, Inc. (SBH) had $2.9B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Sally Beauty Holdings, Inc.'s capital expenditures?

Sally Beauty Holdings, Inc. (SBH) invested $102.1M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does Sally Beauty Holdings, Inc. buy back shares?

Yes, Sally Beauty Holdings, Inc. (SBH) spent $54.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does Sally Beauty Holdings, Inc. have outstanding?

Sally Beauty Holdings, Inc. (SBH) had 97M shares outstanding as of fiscal year 2025.

What is Sally Beauty Holdings, Inc.'s current ratio?

Sally Beauty Holdings, Inc. (SBH) had a current ratio of 2.26 as of fiscal year 2025, which is generally considered healthy.

What is Sally Beauty Holdings, Inc.'s debt-to-equity ratio?

Sally Beauty Holdings, Inc. (SBH) had a debt-to-equity ratio of 1.09 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Sally Beauty Holdings, Inc.'s return on assets (ROA)?

Sally Beauty Holdings, Inc. (SBH) had a return on assets of 6.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Sally Beauty Holdings, Inc.'s P/E ratio?

Sally Beauty Holdings, Inc. (SBH) trades at 7.8x earnings, its market capitalization divided by net income of $192.3M net income, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Sally Beauty Holdings, Inc.'s price-to-sales ratio?

Sally Beauty Holdings, Inc. (SBH) trades at 0.4x sales, its market capitalization divided by revenue of $3.7B revenue, trailing 12 months to June 30, 2026. The market capitalization is $1.5B as of Oct 6, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.

What is Sally Beauty Holdings, Inc.'s Altman Z-Score?

Sally Beauty Holdings, Inc. (SBH) has an Altman Z-Score of 2.84, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.

What is Sally Beauty Holdings, Inc.'s Piotroski F-Score?

Sally Beauty Holdings, Inc. (SBH) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Sally Beauty Holdings, Inc.'s earnings high quality?

Sally Beauty Holdings, Inc. (SBH) has an earnings quality ratio of 1.40x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

Can Sally Beauty Holdings, Inc. cover its interest payments?

Sally Beauty Holdings, Inc. (SBH) has an interest coverage ratio of 5.09x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.

How financially healthy is Sally Beauty Holdings, Inc.?

Sally Beauty Holdings, Inc. (SBH) scores 54 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.