Sally Beauty Holdings, Inc. SBH

Consumer discretionary SIC 5990 - Retail-Retail Stores, NEC NAICS Retail Trade › Sporting Goods, Hobby, Musical Instrument, Book, and Miscellaneous Retailers derived NYSE

Sally Beauty Holdings, Inc. is a leading international specialty retailer and distributor of professional beauty supplies. As experts in hair color and care, we aim to empower our customers to express themselves through their hair and beyond. We operate two business segments that offer beauty products in key categories, including hair care, hair color, styling tools and nails.

Sally Beauty ("Sally") – An omni-channel retailer that offers professional-quality beauty supplies at attractive prices and provides education to retail consumers and salon professionals throughout North America, South America and Europe. Sally operates primarily through retail stores (generally operating under the Sally Beauty banner) and digital platforms, including our www.sallybeauty.com website, a mobile commerce-based app, and third-party digital marketplaces.

Last close 17.40 2026-10-23
Market cap $1.63B 2026-06-30 share count
52-week range 11.54 - 17.92

Valuation FY2025 figures against the last close

P/S0.4x
P/E9.2x
P/FCF9.4x
EV/EBITDA5.5x
Dividend yield—
Diluted EPS1.89

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Other countries
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 3B (81.8%) 82% United States Other countries, FY2025: 672.3M (18.2%) 18% Other countries FY2024 United States, FY2024: 3B (81.4%) 81% Other countries, FY2024: 690.1M (18.6%) 19% FY2023 United States, FY2023: 3.1B (81.8%) 82% Other countries, FY2023: 677.8M (18.2%) 18%
Region FY2025FY2024FY2023
United States $3.03B $3.03B $3.05B
Other countries $672.3M $690.1M $677.8M

As the company reported it, from the “Segments and Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • Sally
  • BSG
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Sally, FY2025: 2.1B (56.6%) 57% Sally BSG, FY2025: 1.6B (43.4%) 43% BSG FY2024 Sally, FY2024: 2.1B (56.7%) 57% BSG, FY2024: 1.6B (43.3%) 43% FY2023 Sally, FY2023: 2.1B (57.4%) 57% BSG, FY2023: 1.6B (42.6%) 43%
Segment FY2025FY2024FY2023
Sally $2.09B $2.11B $2.14B
BSG $1.61B $1.61B $1.59B

As the company reported it, from the “Segments and Disaggregated Revenue (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $3.70B$3.72B$3.73B$3.82B$3.87B$3.51B$3.88B$3.93B$3.94B$3.95B
Cost of revenue $1.79B$1.83B$1.83B$1.90B$1.92B$1.80B$1.97B$1.99B$1.97B$1.99B
Gross profit $1.91B$1.89B$1.90B$1.92B$1.95B$1.72B$1.91B$1.94B$1.96B$1.96B
SG&A $1.58B$1.61B$1.56B$1.55B$1.53B$1.44B$1.45B$1.48B$1.46B$1.47B
Operating income $327.8M$282.7M$325.0M$337.6M$418.4M$258.8M$458.5M$426.6M$478.6M$498.3M
Interest expense $64.4M$76.4M$73.0M$93.5M$93.5M$98.8M$96.3M$98.2M$132.9M$144.2M
Pre-tax income $263.4M$206.3M$252.1M$244.1M$324.9M$160.0M$362.2M$328.4M$345.7M$354.1M
Income tax $67.5M$52.9M$67.5M$60.5M$85.1M$46.7M$90.5M$70.4M$130.6M$131.1M
Net income $195.9M$153.4M$184.6M$183.6M$239.9M$184.6M$271.6M$258.0M$215.1M$222.9M
EPS, basic 1.951.481.721.692.130.992.272.091.561.51
EPS, diluted 1.891.431.691.662.100.992.262.081.561.50
Shares, diluted (wtd. avg.) 103.8M106.9M109.3M110.3M114.2M114.7M120.3M123.8M138.2M148.8M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $149.2M$108.0M$123.0M$70.6M$401.0M$514.2M$71.5M$77.3M$63.8M$86.6M
Receivables $31.8M$33.6M$33.4M$34.1M$32.6M$35.6M$43.1M$48.4M$47.0M$46.9M
Inventory $987.6M$1.04B$975.2M$936.4M$871.3M$814.5M$952.9M$944.3M$930.9M$907.3M
Total current assets $1.30B$1.31B$1.23B$1.13B$1.38B$1.43B$1.16B$1.16B$1.14B$1.17B
Property, plant and equipment $284.3M$269.9M$297.8M$297.9M$307.4M$315.0M$319.6M$308.4M$313.7M$319.6M
Goodwill $540.7M$538.3M$533.1M$526.1M$541.2M$540.0M$530.8M$535.9M$537.8M$532.7M
Other intangibles $53.0M$60.0M$55.2M$50.3M$55.5M$58.3M$62.1M$72.7M$80.3M$93.0M
Total assets $2.87B$2.79B$2.73B$2.58B$2.85B$2.90B$2.10B$2.10B$2.10B$2.10B
Accounts payable $224.5M$269.4M$258.9M$275.7M$291.6M$236.3M$278.7M$303.2M$307.8M$271.4M
Total current liabilities $576.0M$592.7M$579.3M$667.9M$664.9M$563.4M$456.1M$491.2M$572.6M$488.7M
Long-term debt $875.0M$994.0M$1.08B$1.09B$1.39B$1.81B$1.61B$1.79B$1.89B$1.80B
Total liabilities $2.08B$2.16B$2.22B$2.28B$2.57B$2.88B$2.16B$2.37B$2.46B$2.41B
Retained earnings $898.1M$740.7M$624.8M$440.2M$357.0M$117.1M$55.8M-$179.8M-$283.1M-$177.6M
Total equity $794.2M$628.5M$508.7M$293.6M$280.7M$15.4M-$60.3M-$268.6M-$363.6M-$276.2M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $274.8M$246.5M$249.3M$156.5M$381.9M$426.9M$320.4M$372.7M$343.3M$354.1M
Depreciation and amortisation $99.9M$109.7M$102.4M$99.9M$102.2M$106.8M$107.7M$108.8M$112.3M$99.7M
Stock-based compensation $19.2M$17.2M$15.9M$9.9M$11.7M$8.4M$9.2M$10.5M$10.5M$12.6M
Capital expenditure $102.1M$101.2M$90.7M$99.2M$73.9M$110.9M$107.8M$86.5M$89.7M$151.2M
Investing cash flow -$58.3M-$108.9M-$99.8M-$102.4M-$76.0M-$123.8M-$95.9M-$95.3M-$89.6M-$174.8M
Financing cash flow -$178.4M-$153.7M-$100.8M-$373.7M-$420.0M$139.8M-$229.3M-$263.3M-$277.3M-$232.1M
Buybacks $54.0M$60.4M$15.2M$130.3M—$61.4M$47.4M$166.7M$346.9M$209.1M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-280122.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 4B Gross profit, FY2016: 2B Net income, FY2016: 222.9M Revenue, FY2017: 3.9B Gross profit, FY2017: 2B Net income, FY2017: 215.1M Revenue, FY2018: 3.9B Gross profit, FY2018: 1.9B Net income, FY2018: 258M Revenue, FY2019: 3.9B Gross profit, FY2019: 1.9B Net income, FY2019: 271.6M Revenue, FY2020: 3.5B Gross profit, FY2020: 1.7B Net income, FY2020: 184.6M Revenue, FY2021: 3.9B Gross profit, FY2021: 2B Net income, FY2021: 239.9M Revenue, FY2022: 3.8B Gross profit, FY2022: 1.9B Net income, FY2022: 183.6M Revenue, FY2023: 3.7B Gross profit, FY2023: 1.9B Net income, FY2023: 184.6M Revenue, FY2024: 3.7B Gross profit, FY2024: 1.9B Net income, FY2024: 153.4M Revenue, FY2025: 3.7B Gross profit, FY2025: 1.9B Net income, FY2025: 195.9M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.95B $3.94B $3.93B $3.88B $3.51B $3.87B $3.82B $3.73B $3.72B $3.70B
Gross profit $1.96B $1.96B $1.94B $1.91B $1.72B $1.95B $1.92B $1.90B $1.89B $1.91B
Net income $222.9M $215.1M $258.0M $271.6M $184.6M $239.9M $183.6M $184.6M $153.4M $195.9M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Officer or director change Item 5.02
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Regulation FD disclosure Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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