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SBH

Sally Beauty Holdings, Inc.

SBH

Sally Beauty Holdings, Inc. • NYSE
$15.87 ▼ -3.41% (-0.56)
Market Cap $1.55 B
52w High $17.40
52w Low $7.54
Dividend Yield 0%
P/E 8.4
Volume 838.36K
Outstanding Shares 97.50M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $947.075M ▲ $414.162M ▲ $49.931M ▲ 5.272% ▲ $0.51 ▲ $104.272M ▲
Q3-2025 $933.307M ▲ $402.812M ▲ $45.724M ▲ 4.899% ▲ $0.46 ▲ $102.842M ▲
Q2-2025 $883.146M ▼ $389.444M ▲ $39.21M ▼ 4.44% ▼ $0.39 ▼ $97.211M ▼
Q1-2025 $937.895M ▲ $376.52M ▼ $61.013M ▲ 6.505% ▲ $0.6 ▲ $97.685M ▼
Q4-2024 $935.028M $396.935M $48.056M 5.14% $0.47 $108.335M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $149.162M ▲ $2.871B ▲ $2.077B ▲ $794.207M ▲
Q3-2025 $112.8M ▲ $2.744B ▲ $1.981B ▼ $762.909M ▲
Q2-2025 $92.174M ▼ $2.706B ▼ $2.006B ▼ $699.816M ▲
Q1-2025 $105.528M ▼ $2.711B ▼ $2.054B ▼ $656.489M ▲
Q4-2024 $107.961M $2.793B $2.164B $628.535M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q4-2025 $49.931M ▲ $120.879M ▲ $-45.344M ▼ $-40.56M ▼ $36.362M ▲ $78.005M ▲
Q3-2025 $45.724M ▲ $69.431M ▲ $-17.172M ▲ $-34.204M ▲ $20.626M ▲ $49.131M ▲
Q2-2025 $39.21M ▼ $51.064M ▲ $-18.893M ▼ $-45.992M ▲ $-13.354M ▼ $32.171M ▲
Q1-2025 $61.013M ▲ $33.457M ▼ $23.125M ▲ $-57.667M ▼ $-2.433M ▼ $13.379M ▼
Q4-2024 $48.056M $110.673M $-44.884M $-55.899M $10.586M $73.316M

Revenue by Products

Product Q1-2025Q2-2025Q3-2025Q4-2025
Beauty Systems Group
Beauty Systems Group
 $410.00M ▲$380.00M ▼$410.00M ▲$410.00M ▲
Sally Beauty Supply
Sally Beauty Supply
 $530.00M ▲$500.00M ▼$530.00M ▲$540.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Sales have been edging down over the past few years rather than growing, which suggests a mature or slightly shrinking business rather than an expanding one. Profit margins have held reasonably steady, but earnings have drifted lower from earlier peaks, showing that the company is finding it harder to convert its sales into bottom‑line profit. The overall picture is of a business that remains profitable, but with modest profitability and limited growth momentum, and some pressure on earnings per share compared with a few years ago.

Balance Sheet

Balance Sheet The balance sheet shows a gradual clean‑up. Debt has been coming down, while the company’s equity base has been rebuilt, which improves financial resilience and leverage ratios. Cash on hand is relatively modest, so the company is not sitting on a large cash cushion, but it is also not aggressively expanding its asset base. Overall, financial risk seems to be trending in the right direction, though the business still relies meaningfully on borrowing and must keep cash generation steady to stay comfortable.

Cash Flow

Cash Flow The company consistently generates cash from its operations, but the strength of that cash flow has been uneven, with one notably soft year followed by a recovery. After funding its relatively modest capital spending, free cash flow remains positive, which is a key support for debt service and any shareholder returns. However, free cash flow is not strongly growing, so there is limited room for large new initiatives without careful trade‑offs elsewhere. Stability rather than expansion characterizes the cash profile.

Competitive Edge

Competitive Edge Sally Beauty occupies a defensible niche by focusing on professional‑grade and specialty beauty products, serving both individual consumers and salon professionals. Its exclusive, own‑label brands and curated product lines give it differentiation that big box retailers and general e‑commerce players cannot fully replicate. At the same time, it operates in a highly competitive category, facing pressure from online marketplaces, mass retailers, and shifting consumer preferences. The dual retail–professional model creates a stickier relationship with salons and stylists, which helps, but the company must keep evolving to avoid losing relevance to more convenient or trendy alternatives.

Innovation and R&D

Innovation and R&D Innovation is centered on retail technology, private‑label product development, and new store concepts rather than traditional lab‑style R&D. Investments in advanced order management, in‑store workforce tools, and digital training are aimed at making operations more efficient and the shopping experience smoother across online and physical channels. The company is also actively refreshing its product portfolio, expanding exclusive brands, leaning into high‑interest categories like vivid hair color and nails, and testing more experiential, trend‑driven store formats. These efforts could widen its moat if executed well, but they carry execution risk and will need time to show clear financial impact.

Summary

Sally Beauty appears to be a stable but slow‑moving business: sales are flat to slightly down, profits remain positive but under gentle pressure, and cash generation is adequate rather than robust. Management has steadily improved the balance sheet by reducing debt and building equity, which strengthens the company’s ability to weather industry cycles. Competitively, its niche focus, exclusive brands, and dual retail–professional model are meaningful strengths, yet they must contend with intense competition and evolving consumer habits. The ongoing technology upgrades, cost‑efficiency programs, and product and store innovation provide clear levers for improvement, but their success will depend on execution in a crowded and fast‑changing beauty retail landscape.

NEWS

November 13, 2025 · 6:45 AM UTC

Sally Beauty Holdings Reports Fourth Quarter and Full Year Fiscal 2025 Results

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November 6, 2025 · 10:11 AM UTC

Sally Beauty Invites Consumers to Celebrate Beauty at Home and Skip the Salon with New Holiday Campaign

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November 3, 2025 · 12:37 PM UTC

Sally Beauty Announces New Public Relations Agency of Record to Support Strategic Evolution

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October 31, 2025 · 6:45 AM UTC

Sally Beauty Holdings Announces Conference Call and Webcast to Discuss Fourth Quarter and Full Year Financial Results on November 13, 2025

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September 17, 2025 · 9:03 AM UTC

Sally Beauty and DoorDash Team Up to Deliver Fall Beauty Must-Haves on the Go

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