SBH

MKT CAP:$1B

Sally Beauty Holdings, Inc.

Market Cap

$1B

Consumer Cyclical·Specialty Retail·🇺🇸 United States·NYSE

Consumer Cyc.·Specialty Retail·🇺🇸·NYSE

Stock Price

$14.72+$0.23 (+1.56%)

Apr 24, 2026

Company Details

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers be...

CEO

Denise A. Paulonis

IPO Date

Nov 17, 2006

Website

www.sallybeautyholdings.com

Key Metrics TTM

Revenue

$3.7B

-0.5% YoY

Net Income

$180M

EPS (Diluted)

$1.76

Free Cash Flow

$217M

Revenue / Share

$36.79

Gross Margin

51.7%

Operating Margin

8.2%

Net Margin

4.9%

FCF Margin

5.8%

P/S

0.4x

P/E

8.0x

Earnings Reports

Q2 2026

May 11, 2026

PENDING

Q1 2026

Feb 9, 2026

$943M+0.6%EPS $0.45

FY 2025

Nov 13, 2025

$3.7B-0.4%EPS $1.89

Q4 2025

Nov 13, 2025

$947M+1.3%EPS $0.49

Q3 2025

Aug 5, 2025

$933M-1.0%EPS $0.44

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q2 22	$911M	$465M	$86M
Q3 22	$961M	$490M	$99M
Q4 22	$962M	$482M	$39M
Q1 23	$957M	$486M	$87M
Q2 23	$919M	$466M	$71M
Q3 23	$931M	$474M	$90M
Q4 23	$921M	$467M	$77M
Q1 24	$931M	$467M	$69M
Q2 24	$908M	$463M	$60M
Q3 24	$942M	$481M	$72M
Q4 24	$935M	$479M	$82M
Q1 25	$938M	$477M	$100M
Q2 25	$883M	$459M	$69M
Q3 25	$933M	$481M	$78M
Q4 25	$947M	$494M	$80M
Q1 26	$943M	$483M	$76M

Valuation

Quarter	P/S	P/E
Q2 22	0.4x	6.7x
Q3 22	0.4x	5.9x
Q4 22	0.4x	7.5x
Q1 23	0.4x	9.3x
Q2 23	0.4x	10.7x
Q3 23	0.4x	8.2x
Q4 23	0.2x	4.8x
Q1 24	0.4x	8.1x
Q2 24	0.4x	8.3x
Q3 24	0.3x	7.6x
Q4 24	0.4x	9.1x
Q1 25	0.3x	5.8x
Q2 25	0.2x	5.0x
Q3 25	0.3x	4.9x
Q4 25	0.4x	8.4x
Q1 26	0.4x	7.7x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q2 22	$3M	-$15M
Q3 22	$52M	$29M
Q4 22	$107M	$75M
Q1 23	$55M	$30M
Q2 23	$25M	$8M
Q3 23	$53M	$32M
Q4 23	$117M	$90M
Q1 24	$51M	$20M
Q2 24	$37M	$23M
Q3 24	$48M	$29M
Q4 24	$111M	$73M
Q1 25	$33M	$13M
Q2 25	$51M	$32M
Q3 25	$69M	$49M
Q4 25	$121M	$78M
Q1 26	$93M	$57M

Capital Expenditures

Quarter	CapEx
Q2 22	$18M
Q3 22	$23M
Q4 22	$32M
Q1 23	$25M
Q2 23	$17M
Q3 23	$22M
Q4 23	$27M
Q1 24	$31M
Q2 24	$14M
Q3 24	$19M
Q4 24	$37M
Q1 25	$20M
Q2 25	$19M
Q3 25	$20M
Q4 25	$43M
Q1 26	$36M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 22	-1.6%	-3.0%
Q3 22	-6.0%	-3.7%
Q4 22	-2.8%	+5.0%
Q1 23	-2.4%	+0.3%
Q2 23	+0.8%	+2.7%
Q3 23	-3.2%	-2.5%
Q4 23	-4.3%	-8.5%
Q1 24	-2.7%	-1.0%
Q2 24	-1.1%	+0.2%
Q3 24	+1.2%	+3.5%
Q4 24	+1.5%	+1.0%
Q1 25	+0.7%	-2.9%
Q2 25	-2.8%	-4.1%
Q3 25	-1.0%	-1.8%
Q4 25	+1.3%	+1.7%
Q1 26	+0.6%	+3.5%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q2 22	$2M	0.2%
Q3 22	$2M	0.2%
Q4 22	$2M	0.2%
Q1 23	$5M	0.5%
Q2 23	$4M	0.4%
Q3 23	$4M	0.4%
Q4 23	$3M	0.4%
Q1 24	$5M	0.5%
Q2 24	$4M	0.4%
Q3 24	$4M	0.4%
Q4 24	$4M	0.4%
Q1 25	$6M	0.6%
Q2 25	$4M	0.5%
Q3 25	$5M	0.5%
Q4 25	$4M	0.5%
Q1 26	$8M	0.8%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q4 22	$319M	$70M	—
Q4 23	$322M	$65M	—
Q1 24	$5M	$392M	—
Q4 24	$325M	$68M	—
Q1 25	$6M	$399M	—
Q4 25	$369M	$66M	—
Q1 26	—	—	$407M

Revenue Segments

Quarter	Beauty Systems Group	Sally Beauty Supply
Q2 22	$386M	$526M
Q3 22	$410M	$552M
Q4 22	$408M	$554M
Q1 23	$408M	$549M
Q2 23	$388M	$530M
Q3 23	$396M	$535M
Q4 23	$397M	$525M
Q1 24	$408M	$523M
Q2 24	$395M	$513M
Q3 24	$406M	$537M
Q1 25	$412M	$525M
Q2 25	$383M	$501M
Q3 25	$407M	$527M
Q4 25	$406M	$542M
Q1 26	$412M	$532M

War Chest

Quarter	Cash	Short-term Investments	Total
Q2 22	$227M	$0	$227M
Q3 22	$101M	$0	$101M
Q4 22	$71M	$0	$71M
Q1 23	$99M	$0	$99M
Q2 23	$62M	$0	$62M
Q3 23	$74M	$0	$74M
Q4 23	$123M	$0	$123M
Q1 24	$121M	$0	$121M
Q2 24	$97M	$0	$97M
Q3 24	$97M	$0	$97M
Q4 24	$108M	$0	$108M
Q1 25	$106M	$0	$106M
Q2 25	$92M	$0	$92M
Q3 25	$113M	$0	$113M
Q4 25	$149M	$0	$149M
Q1 26	$157M	$0	$157M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q2 22	111M	-3.0%	-3.3%
Q3 22	109M	-1.8%	-5.6%
Q4 22	109M	-0.0%	-5.3%
Q1 23	109M	+0.9%	-4.0%
Q2 23	110M	+0.2%	-0.8%
Q3 23	110M	-0.0%	+1.1%
Q4 23	109M	-0.5%	+0.5%
Q1 24	109M	-0.3%	-0.7%
Q2 24	107M	-1.5%	-2.4%
Q3 24	106M	-1.1%	-3.4%
Q4 24	105M	-0.5%	-3.4%
Q1 25	105M	-0.4%	-3.4%
Q2 25	105M	-0.3%	-2.2%
Q3 25	103M	-1.4%	-2.5%
Q4 25	102M	-1.4%	-3.4%
Q1 26	101M	-1.0%	-4.0%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q2 22	$30.4K	30K
Q3 22	$32.0K	30K
Q4 22	$74.0K	13K
Q1 23	$73.6K	13K
Q2 23	$70.7K	13K
Q3 23	$71.6K	13K
Q4 23	$70.9K	13K
Q1 24	$71.6K	13K
Q2 24	$69.9K	13K
Q3 24	$72.5K	13K
Q4 24	$77.9K	12K
Q1 25	$78.2K	12K
Q2 25	$73.6K	12K
Q3 25	$77.8K	12K
Q4 25	$78.9K	12K
Q1 26	$78.6K	12K

Revenue / Employee