Saturday 17 October 2026
Export SBH’s income statement to Excel — free account
Sally Beauty Holdings, Inc.
SBH Consumer Cyclical Specialty Retail
Sally Beauty Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.7 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 23.9%, free cash flow grew 25.4% and total debt fell 8.89%, each against the same quarter a year earlier. Dividend growth for ten consecutive years.
16.65
0.47
−2.75%
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| Sep '16 | Sep '17 | Sep '18 | Sep '19 | Sep '20 | Sep '21 | Sep '22 | Sep '23 | Sep '24 | Sep '25 | |
|---|---|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
— | 6 | 7 | 7 | 5 | 7 | 5 | 7 | 6 | 8 |
P/E ratio |
16.89 | 12.58 | 8.61 | 6.56 | 8.69 | 7.91 | 7.50 | 4.91 | 9.17 | 8.31 |
P/S ratio |
0.96 | 0.69 | 0.56 | 0.46 | 0.28 | 0.49 | 0.36 | 0.24 | 0.38 | 0.44 |
Altman Z-Score |
3.84 | 3.42 | 3.38 | 3.51 | 2.13 | 2.77 | 2.73 | 2.61 | 2.73 | 2.88 |
P/FCF ratio |
18.40 | 10.64 | 7.70 | 7.81 | 3.13 | 6.16 | 23.92 | 5.72 | 9.70 | 7.58 |
Altman Z″-Score (non-manufacturers) |
3.28 | 2.72 | 3.04 | 3.74 | 2.71 | 3.17 | 2.75 | 3.35 | 3.52 | 3.85 |
P/Operating CF |
35.89 | 22.42 | 24.32 | 15.28 | 6.49 | 11.57 | 12.76 | 7.78 | 12.74 | 13.56 |
Beneish M-Score |
(2.85) | (2.70) | (2.74) | (2.42) | (3.26) | (2.52) | (2.30) | (2.52) | (2.44) | (2.31) |
P/B ratio |
0.00 | 0.00 | 0.00 | 0.00 | 64.08 | 6.76 | 4.66 | 1.78 | 2.24 | 2.06 |
Price to Tangible BV |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 46.54 | 8.17 |
EV/Sales |
1.39 | 1.14 | 0.99 | 0.85 | 0.65 | 0.74 | 0.64 | 0.50 | 0.61 | 0.64 |
EV/EBITDA |
9.11 | 7.58 | 7.24 | 5.80 | 6.15 | 5.49 | 5.56 | 4.31 | 5.79 | 5.48 |
EV/Operating CF |
15.47 | 13.12 | 10.47 | 10.31 | 5.32 | 7.54 | 15.66 | 7.44 | 9.27 | 8.57 |
EV/FCF |
26.66 | 17.76 | 13.62 | 14.49 | 7.19 | 9.34 | 42.80 | 11.69 | 15.72 | 10.89 |
Quick Ratio |
0.35 | 0.27 | 0.34 | 0.39 | 1.01 | 0.70 | 0.21 | 0.34 | 0.34 | 0.46 |
Current Ratio |
2.40 | 1.99 | 2.35 | 2.55 | 2.54 | 2.08 | 1.70 | 2.12 | 2.20 | 2.26 |
Net Debt/EBITDA |
2.82 | 3.04 | 3.15 | 2.67 | 3.47 | 1.87 | 2.45 | 2.20 | 2.21 | 1.67 |
Debt/Assets |
83.68% | 88.99% | 84.60% | 75.99% | 62.07% | 48.57% | 44.69% | 39.26% | 35.17% | 30.16% |
Debt/Equity |
(6.46) | (5.14) | (6.61) | (26.43) | 116.37 | 4.93 | 3.92 | 2.10 | 1.56 | 1.09 |
Asset Turnover |
1.87 | 1.86 | 1.87 | 1.85 | 1.41 | 1.35 | 1.41 | 1.41 | 1.35 | 1.31 |
Operating CF/Net income |
1.59 | 1.60 | 1.44 | 1.18 | 3.77 | 1.59 | 0.85 | 1.35 | 1.61 | 1.40 |
Capex/Depreciation |
(1.44) | (0.78) | (0.76) | (0.83) | (1.00) | (0.69) | (0.96) | (0.86) | (0.90) | (0.57) |
Interest Coverage |
3.45 | 3.60 | 4.35 | 4.76 | 2.62 | 4.47 | 3.61 | 4.45 | 3.70 | 5.09 |
| (77.68%) | (67.23%) | (81.64%) | (165.18%) | (504.66%) | 161.97% | 63.91% | 46.01% | 26.98% | 27.54% | |
| 10.55% | 10.17% | 12.30% | 12.95% | 4.54% | 8.35% | 6.77% | 6.96% | 5.56% | 6.92% | |
ROIC |
21.91% | 20.76% | 18.66% | 19.59% | 12.46% | 20.71% | 15.35% | 13.95% | 11.76% | 13.56% |
Return on Tangible Assets |
22.21% | 24.35% | 26.54% | 26.45% | 9.56% | 23.38% | 24.08% | 19.50% | 15.61% | 19.40% |
Average Days of Receivables |
7.76 | 8.55 | 8.40 | 9.84 | 5.86 | 6.27 | 6.91 | 7.43 | 9.05 | 11.49 |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Selling, General and Administrative Expense of Revenue |
37.08% | 37.16% | 37.74% | 37.48% | 41.06% | 39.49% | 40.73% | 41.74% | 43.25% | 42.77% |
Intangible Assets out of Total Assets |
0.29 | 0.29 | 0.29 | 0.28 | 0.21 | 0.21 | 0.22 | 0.22 | 0.21 | 0.21 |
Share Based Compensation of Revenue |
0.32% | 0.27% | 0.27% | 0.24% | 0.24% | 0.30% | 0.26% | 0.43% | 0.46% | 0.52% |
Graham Net Nets |
(0.33) | (0.49) | (0.55) | (0.56) | (1.46) | (0.62) | (0.84) | (1.09) | (0.61) | (0.47) |
Graham Number |
0.00 | 0.00 | 0.00 | 0.00 | 1.75 | 10.93 | 10.11 | 13.54 | 14.19 | 18.65 |
Earnings Yield |
5.92% | 7.95% | 11.61% | 15.25% | 11.51% | 12.64% | 13.33% | 20.36% | 10.91% | 12.04% |
Free Cash Flow Yield |
5.44% | 9.40% | 12.99% | 12.80% | 31.94% | 16.24% | 4.18% | 17.48% | 10.31% | 13.20% |
Revenue per Share |
26.86 | 28.64 | 31.92 | 32.40 | 30.86 | 34.40 | 35.11 | 34.73 | 35.76 | 36.77 |
Operating CF per Share |
2.41 | 2.50 | 3.03 | 2.68 | 3.75 | 3.39 | 1.44 | 2.32 | 2.37 | 2.73 |
Capex per Share |
(1.01) | (0.65) | (0.70) | (0.77) | (0.97) | (0.65) | (0.91) | (0.85) | (0.97) | (0.58) |
Free Cash Flow per Share |
1.40 | 1.84 | 2.33 | 1.91 | 2.78 | 2.74 | 0.53 | 1.48 | 1.40 | 2.15 |
Cash per Share |
0.59 | 0.46 | 0.63 | 0.60 | 4.51 | 3.56 | 0.65 | 1.15 | 1.04 | 1.48 |
Shareholders Equity per Share |
(1.88) | (2.64) | (2.18) | (0.50) | 0.14 | 2.49 | 2.70 | 4.74 | 6.05 | 7.89 |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Book value per Share |
(1.88) | (2.64) | (2.18) | (0.50) | 0.14 | 2.49 | 2.70 | 4.74 | 6.05 | 7.89 |
Free Cash Flow |
205.42 | 253.66 | 286.52 | 227.97 | 316.08 | 308.19 | 57.25 | 158.57 | 145.36 | 216.26 |
Working Capital |
684.16 | 569.48 | 663.91 | 707.47 | 869.74 | 718.69 | 464.49 | 648.74 | 712.65 | 725.48 |
Capital Expenditures |
(148.69) | (89.62) | (86.14) | (92.44) | (110.80) | (73.67) | (99.25) | (90.74) | (101.16) | (58.57) |
Net Current Asset Value |
(1,235.40) | (1,320.54) | (1,210.89) | (995.22) | (1,446.61) | (1,182.82) | (1,150.83) | (988.50) | (859.05) | (775.44) |
EV/EBIT |
10.99 | 9.41 | 9.15 | 7.21 | 8.78 | 6.88 | 7.26 | 5.70 | 8.08 | 7.19 |
Capex to Sales |
0.04 | 0.02 | 0.02 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 | 0.03 | 0.02 |
Price to Operating Income |
7.58 | 5.64 | 5.17 | 3.89 | 3.82 | 4.54 | 4.06 | 2.79 | 4.99 | 5.00 |
| Other line items | ||||||||||
Depreciation/Fixed assets |
0.32 | 0.37 | 0.37 | 0.35 | 0.35 | 0.35 | 0.35 | 0.35 | 0.42 | 0.36 |
Cash ROIC |
12.88% | 16.18% | 18.10% | 14.20% | 13.59% | 14.93% | 3.78% | 9.32% | 8.46% | 11.95% |
Accounts Receivable Turnover |
45.15 | 44.70 | 43.04 | 39.75 | 43.67 | 63.00 | 54.96 | 50.33 | 44.23 | 35.46 |
Accounts Payable Turnover |
7.27 | 6.82 | 6.51 | 6.76 | 6.99 | 7.28 | 6.69 | 6.85 | 6.92 | 7.25 |
Inventory Turnover |
2.22 | 2.15 | 2.12 | 2.07 | 2.04 | 2.28 | 2.10 | 1.91 | 1.82 | 1.77 |
Average Days of Payables |
49.81 | 56.92 | 55.67 | 51.74 | 47.96 | 55.39 | 53.07 | 51.64 | 53.83 | 45.76 |
Days of Inventory on Hand |
166.53 | 172.17 | 173.37 | 176.92 | 165.28 | 165.50 | 180.22 | 194.52 | 207.13 | 201.30 |
Average Receivables |
87.54 | 88.11 | 91.37 | 97.51 | 80.48 | 61.51 | 69.43 | 74.08 | 84.03 | 104.38 |
Average Payables |
273.65 | 289.56 | 305.50 | 290.96 | 257.51 | 263.98 | 283.67 | 267.30 | 264.15 | 246.97 |
Average Inventory |
896.28 | 919.10 | 937.60 | 948.62 | 883.71 | 842.93 | 903.86 | 955.80 | 1,005.92 | 1,012.10 |
Average Assets |
2,113.21 | 2,115.54 | 2,098.21 | 2,097.93 | 2,496.80 | 2,871.14 | 2,712.00 | 2,651.06 | 2,759.07 | 2,832.00 |
Average Common Equity |
(286.99) | (319.89) | (316.09) | (164.44) | (22.44) | 148.09 | 287.19 | 401.19 | 568.64 | 711.37 |
Columns are period end dates