Saturday 17 October 2026 Export SBH’s income statement to Excel — free account

Sally Beauty Holdings, Inc.

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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Market cap: $1.6B
P/E: 8.4×
Fwd P/E: 5.9×
Dividend yield: —
F-score: 8/9
Altman Z: 2.88
Beneish M: −2.31
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 0.88

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	2	—	—	—	—	—	1	—	—	—	—

Insider Ownership 2.86%

Capital & Financial Ratios $m

Market Cap 1,600.00

Revenue 3,729.12

Net Income 192.27

Free Cash Flow 241.21

Net Debt 634.47

Current Ratio 2.37

Debt/Equity 0.93

P/E ratio 8.37

Fwd P/E 5.88

P/S ratio 0.42

P/B ratio 1.82

Past 5Y EPS Growth 13.81%

This Y EPS Growth 8.74%

Next Y EPS Growth 8.42%

Next Y revenue growth 0.83%

Next 5Y EPS Growth 8.25%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 50.87%

10-year low 10-year high

P/S against its own 10 years 47.73%

10-year low 10-year high

P/B against its own 10 years 23.09%

10-year low 10-year high

EV/Sales against its own 10 years 21.38%

10-year low 10-year high

EV/FCF against its own 10 years 13.67%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack
2017	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	123	108	149	173
Receivables	76	92	117	96
Inventory	975	1,037	988	996
Other	54	69	48	46
	1,228	1,305	1,301	1,311

	2023	2024	2025	Q'26
Payables	259	269	225	224
ST’ Debt	4	4	4	4
Other	—	—	—	—
	579	593	576	554

Compound Annual Growth %

	10y	5y	3y
Sales	(0.35%)	1.04%	(1.01%)
Cash Flow	(0.90%)	(8.43%)	20.65%
Earnings	(1.81%)	11.58%	2.19%
Book Value	0.00%	119.91%	39.33%

Revenue $m

	Dec	Mar	Jun	Sep	Year
’26	943	903	935	—	—
’25	938	883	933	947	3,701
’24	931	908	942	935	3,717
’23	957	919	931	921	3,728
’22	980	911	961	962	3,816
’21	936	926	1,022	990	3,875
’20	980	871	705	958	3,514

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	93	73	81	—	—
’25	33	51	69	121	275
’24	51	37	48	111	247
’23	55	25	53	117	249
’22	(6)	3	52	107	157
’21	39	93	86	164	382
’20	62	14	198	153	427

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Dec	Mar	Jun	Sep	Year
’26	57	44	62	—	—
’25	57	32	49	78	216
’24	20	23	29	73	145
’23	30	8	32	90	159
’22	(32)	(15)	29	75	57
’21	24	81	68	135	308
’20	21	(17)	181	131	316

Fiscal quarters ending in the months shown.

EPS $

	Dec	Mar	Jun	Sep	Year
’26	0.45	0.43	0.55	—	—
’25	0.58	0.38	0.44	0.49	1.89
’24	0.35	0.27	0.36	0.46	1.43
’23	0.46	0.37	0.46	0.39	1.69
’22	0.60	0.42	0.43	0.20	1.66
’21	0.50	0.34	0.66	0.59	2.10
’20	0.45	0.12	(0.21)	0.62	0.99

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	23.72	14.05	13.72	11.46	6.28	12.57	10.95	7.21	9.06	7.54	Analyst estimates 2026–2028 Powerpack
	High	32.93	26.98	23.61	21.98	18.42	25.66	19.79	18.42	14.79	17.40
People
People	Employees	29,665	29,475	29,970	30,050	30,000	29,000	29,000	27,000	27,000	27,000
	Revenue/emp, $m	0.13	0.13	0.13	0.13	0.12	0.13	0.13	0.14	0.14	0.14
Income, $m
Income, $m	Revenue	3,953	3,938	3,933	3,876	3,514	3,875	3,816	3,728	3,717	3,701
	Gross margin, %	49.69	49.89	49.44	49.29	48.82	50.41	50.30	50.92	50.86	51.62
	EBT	354	346	328	362	160	325	244	252	206	263
	EBT margin, %	8.96	8.78	8.35	9.34	4.55	8.39	6.40	6.76	5.55	7.12
	Net income	223	215	258	272	113	240	184	185	153	196
	Depreciation	103	116	113	111	111	106	103	105	112	102
Per share, $
Per share, $	Revenue	26.86	28.64	31.92	32.40	30.86	34.40	35.11	34.73	35.76	36.77
	Earnings	1.51	1.56	2.09	2.27	0.99	2.13	1.69	1.72	1.48	1.95
	Cash flow	2.41	2.50	3.03	2.68	3.75	3.39	1.44	2.32	2.37	2.73
	Capex	(1.01)	(0.65)	(0.70)	(0.77)	(0.97)	(0.65)	(0.91)	(0.85)	(0.97)	(0.58)
	Free cash flow	1.40	1.84	2.33	1.91	2.78	2.74	0.53	1.48	1.40	2.15
	Book value	(1.88)	(2.64)	(2.18)	(0.50)	0.14	2.49	2.70	4.74	6.05	7.89
	Shares, m	147	138	123	120	114	113	109	107	104	101
Valuation, ×
Valuation, ×	P/E	16.89	12.58	8.61	6.56	8.69	7.91	7.50	4.91	9.17	8.31
	P/S	0.96	0.69	0.56	0.46	0.28	0.49	0.36	0.24	0.38	0.44
	P/B	0.00	0.00	0.00	0.00	64.08	6.76	4.66	1.78	2.24	2.06
	EV/Sales	1.39	1.14	0.99	0.85	0.65	0.74	0.64	0.50	0.61	0.64
	EV/FCF	26.66	17.76	13.62	14.49	7.19	9.34	42.80	11.69	15.72	10.89
Cash, $m
Cash, $m	Operating cash flow	354	343	373	320	427	382	157	249	247	275
	Capex	(149)	(90)	(86)	(92)	(111)	(74)	(99)	(91)	(101)	(59)
	Free cash flow	205	254	287	228	316	308	57	159	145	216
Balance, $m
Balance, $m	Working capital	684	569	664	707	870	719	464	649	713	725
	Total debt	1,784	1,868	1,774	1,595	1,797	1,383	1,152	1,070	982	866
	Net debt	1,697	1,804	1,697	1,523	1,283	982	1,081	947	874	717
	Shareholders’ equity	(276)	(364)	(269)	(60)	15	281	294	509	629	794
Returns, %
Returns, %	ROA	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
	ROE	(77.68)	(67.23)	(81.64)	(165.18)	(504.66)	161.97	63.91	46.01	26.98	27.54

Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ASO Academy Sports and Outdoors, Inc.	$3.6B	9.6×	8.6×	+2.97% (above 0%: growing)	+16.93% (above 0%: growing)	+435.22% (above 0%: growing)	40.42%	14.96%	Compare
MNSO MINISO Group Holding Limited Unsponsored ADR	$3.1B	17.3×	8.3×	+23.53% (above 0%: growing)	n/m	+219.06% (above 0%: growing)	45.26%	2.04%	Compare
RH RH	$2.2B	19.1×	27.9×	+2.56% (above 0%: growing)	+15.22% (above 0%: growing)	+23.83% (above 0%: growing)	48.24%	11.67%	Compare
SBH Sally Beauty Holdings, Inc.	$1.6B	8.4×	5.9×	+0.23% (above 0%: growing)	+23.91% (above 0%: growing)	+25.44% (above 0%: growing)	52.41%	9.24%
SVV Savers Value Village, Inc.	$1.6B	62.9×	21.8×	+7.43% (above 0%: growing)	+16.67% (above 0%: growing)	+104.50% (above 0%: growing)	56.87%	9.43%	Compare
ARHS Arhaus, Inc.	$1.4B	20.0×	13.3×	+7.38% (above 0%: growing)	+12.00% (above 0%: growing)	+130.85% (above 0%: growing)	44.71%	14.10%	Compare
EYE National Vision Holdings, Inc.	$1.4B	27.7×	22.2×	+2.55% (above 0%: growing)	+45.45% (above 0%: growing)	−133.21% (below 0%: shrinking)	58.23%	4.27%	Compare
HZO MarineMax, Inc.	$1.2B	291×	77.1×	−6.98% (below 0%: shrinking)	n/m	+0.54% (above 0%: growing)	35.68%	6.09%	Compare
WINA Winmark Corporation	$1.1B	27.3×	31.8×	+23.23% (above 0%: growing)	+5.22% (above 0%: growing)	−5.68% (below 0%: shrinking)	82.89%	56.60%	Compare
Median of peers	$1.5B	23.7×	22.0×	+5.18%	+15.94%	+64.16%	46.75%	10.55%

All 49 Specialty Retail stocks →

Sally Beauty Holdings, Inc. (SBH) key facts

Strength: Net income was $195.9 million, or $1.95 per share (basic), a net margin of 5.29%.
Sally Beauty Holdings, Inc. (SBH) is a Specialty Retail company in the Consumer Cyclical sector, listed on the New York Stock Exchange.
Sally Beauty Holdings, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $3.7 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, SBH traded at $16.65, a market capitalization of $1.6 billion.
At that price the stock trades at 8.4× trailing-twelve-month earnings and 0.4× sales; its P/E is higher than 51% of its own readings over the past ten years.
Return on equity was 27.5% and debt-to-equity 0.93.
Its Piotroski F-score is 8 out of 9 and its Altman Z-score is 2.88 (grey zone) for fiscal 2025.