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NYSE · Consumer Discretionary

Sally Beauty Holdings, Inc. (SBH)

As-reported financials and SEC filings for Sally Beauty Holdings, Inc. The latest annual period is FY2025. The latest reported quarter is Q3 FY2026. Financial statements come straight from the company’s EDGAR filings; valuation figures such as P/E and market cap use market data.

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies, focusing on hair color, hair care, styling tools, and nail products. It serves retail consumers and salon professionals through two segments: Sally Beauty, which operates retail stores and digital platforms across North America, South America, and Europe, and Beauty Systems Group, which distributes professional beauty supplies exclusively to salons and licensed beauty professionals in the U.S. and Canada. The company offers products through physical stores, e-commerce, and mobile apps, supporting both do-it-yourself customers and professional stylists.

Snapshot

Revenue
$3.70B
Revenue growth (YoY)
-0.4%
Net income
$195.9M
Diluted EPS
$1.89
Gross margin
51.6%
Operating margin
8.9%
Net margin
5.3%
FCF margin
4.7%
ROE
24.7%
net income / fiscal-year-end equity
P/E
8.6×
trailing when available, otherwise FY EPS
Market cap
$1.54B
Long-term debt / equity
1.09×
non-current term debt only

Fundamentals are from SEC filings for FY2025, the latest annual period (ended September 30, 2025). P/E and market cap are derived from stored market prices, last retrieved on a rolling basis and typically within the past week.

What changed at Sally Beauty Holdings

  • Revenue fell 0.4% to $3.7B in FY2025, after a 0.3% decline the year before.
  • Operating margin is 8.9% in FY2025, -1.9 pp against 10.8% in FY2021.
  • Most recent quarter Q3 FY2026: revenue $935M, up 0.2% from Q3 FY2025.
  • Free cash flow was $173M in FY2025, 4.7% of revenue.
  • Net income rose 27.7% to $196M in FY2025.

Computed from the as-reported figures in the statements below. A change we cannot state from filed figures is left out rather than estimated.

Peer comparison

Where Sally Beauty Holdings’s fundamentals sit among the 403 Consumer Discretionary companies. Each figure is ranked only against peers that report it, from lowest (left) to highest (right).

Gross margin51.6%
78th percentile of 275
Operating margin8.9%
70th percentile of 348
Net margin5.3%
66th percentile of 377
FCF margin4.7%
53rd percentile of 351
Revenue growth (YoY)-0.4%
33rd percentile of 394
ROE24.7%
82nd percentile of 343
P/E8.6×
13th percentile of 249
Long-term debt / equity1.09×
71st percentile of 234
Short interest11.46d
94th percentile of 401

Sally Beauty Holdings’s P/E of 8.6 ranks in the 13th percentile of the 249 peers with a meaningful P/E.

No reported insider purchases (code P) in the last 90 days; 1 insider sale totaling $543,192. For context, about 15% of companies in the universe saw any reported insider purchase (code P) in the same window. Browse insider activity →

Percentiles describe where a figure sits among sector peers reporting it (100th = highest). They are position within a peer group, not a rating, and not investment advice. Short interest ranking uses days to cover from FINRA Consolidated Short Interest data; FINRA is the owner and source of that data, included at no additional charge.

Institutional ownership

Held by 1 of the superinvestors we track (plus 5 quant / multi-strat books), based on each investor’s most recent 13F; periods vary by investor (newest: Q2 2026).

Conviction investors
1
+5 quant / multi-strat
Initiated / added
3
0 new, 3 added
Reduced / exited
4
3 trimmed, 1 exited
Combined position
$60.5M
reported long value
InvestorAs ofPosition valueSharesChange
D. E. ShawquantQ2 2026$41.5M2.9MAdded
Millennium ManagementquantQ2 2026$11.1M788.1KAdded
AQR Capital ManagementquantQ2 2026$4.8M343.4KAdded
Citadel AdvisorsquantQ2 2026$1.5M106.3KReduced
Gotham Asset ManagementQ2 2026$1.2M83.9KReduced
Two Sigma InvestmentsquantQ2 2026$357,85525.3KReduced

No longer held by: Bridgewater Associates (as of Q2 2026)

From quarterly Form 13F filings, which can be up to 45 days delayed. Long US-listed positions only: excludes short positions, options, cash, bonds, and non-US holdings, so this is not a manager’s complete portfolio. Counts are of the investors we track, not all institutions. Not investment advice.

Recent insider activity

Non-derivative buys and sells (codes P/S) reported by officers, directors and 10% owners on SEC Form 4.

Buys (90d)
0
code P
Bought (90d)
code P value
Sells (90d)
1
$543K
Reported activity
Net selling
by $ value, 90d
Trade dateInsiderTypeSharesPriceValue
2026-06-08
filed 2026-06-09
Platz Marlo Michelle CormierFormer SVP & CFOSell42.8K$12.70$543K

Reported non-derivative purchases and sales (codes P/S) — which may be open-market or private; excludes option exercises, grants, and shares withheld for taxes. Dates shown are the trade date; a Form 4 can be filed days to years later. A sale can be routine (e.g. a pre-set 10b5-1 plan), so read individual transactions in context. From SEC Form 4. Not investment advice.

Short interest

Total shares sold short as of each twice-monthly FINRA settlement. Rising short interest means more investors are positioned against the stock; days to cover estimates how many trading days of average volume that position represents.

Shares short
19.9M
settled 2026-08-14
Change vs prior
+0.6%
vs previous settlement
Days to cover
11.46
at avg daily volume
Avg daily volume
1.7M
FINRA reported
SettlementShares shortChangeDays to cover
2026-08-1419.9M+0.6%11.46
2026-07-3119.8M-1.1%15.88
2026-07-1520.1M-0.3%15.06
2026-06-3020.1M+4.9%10.58
2026-06-1519.2M+1.8%14.31
2026-05-2918.8M+1.0%12.54
2026-05-1518.6M+0.6%9.45
2026-04-3018.5M+4.2%15.21

Source: FINRA Consolidated Short Interest. FINRA is the owner and source of the FINRA-supplied data, which is included at no additional charge for your own personal or professional use; republishing or redistributing it is not permitted. Settlement dates are shown; FINRA publishes each settlement about nine business days later, so the latest figure can be two to four weeks old. Not presented as a percentage of float. No FINRA endorsement of this product is implied. Not investment advice.

Income statement (as reported)

 FY2025FY2024FY2023FY2022FY2021
Revenue$3.70B$3.72B$3.73B$3.82B$3.87B
Gross profit$1.91B$1.89B$1.90B$1.92B$1.95B
Operating income$327.8M$282.7M$325.0M$337.6M$418.4M
Net income$195.9M$153.4M$184.6M$183.6M$239.9M
Diluted EPS$1.89$1.43$1.69$1.66$2.10

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Balance sheet (as reported)

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Cash flow (as reported)

 FY2025FY2024FY2023FY2022FY2021
Operating cash flow$274.8M$246.5M$249.3M$156.5M$381.9M
Capital expenditure$102.1M$101.2M$90.7M$99.3M$73.9M
Free cash flow$172.7M$145.4M$158.6M$57.3M$308.0M

Figures as reported to the SEC. Underlined values link to the filing they came from; dotted values are calculated by us from reported figures; “adj” means restated for a stock split (hover to see the figure as filed). Full details: where the numbers come from.

Quarterly trend (as reported)

QuarterRevenueRevenue YoYNet incomeDiluted EPS
Q3 FY2026$935.5M0.2%$54.1M$0.55
Q2 FY2026$903.4M2.3%$42.7M$0.43
Q1 FY2026$943.2M0.6%$45.6M$0.45
Q4 FY2025$947.1M1.3%$49.9M$0.49
Q3 FY2025$933.3M-1.0%$45.7M$0.44
Q2 FY2025$883.1M-2.8%$39.2M$0.38
Q1 FY2025$937.9M0.7%$61.0M$0.58
Q4 FY2024$935.0M1.5%$48.1M$0.45

Latest 8 reported quarters, from company XBRL filings on SEC EDGAR.

Company facts

ExchangeNYSE
SectorConsumer Discretionary
SIC industryRetail-Retail Stores, NEC
Latest annual periodFY2025 (ended September 30, 2025)
Latest reported quarterQ3 FY2026 (ended June 30, 2026)
Oldest indexed filing2012
SEC CIK1368458

Selected SEC filings

10-K2025-11-13
View on EDGAR →
10-Q2026-08-03
View on EDGAR →
10-Q2026-05-11
View on EDGAR →
10-Q2026-02-09
View on EDGAR →
8-K2026-08-03
View on EDGAR →
8-K2026-05-11
View on EDGAR →
8-K2026-04-02
View on EDGAR →
8-K2026-03-17
View on EDGAR →

Largest Consumer Discretionary peers

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Data sourced from SEC EDGAR. Figures are as-reported and may be unaudited or restated; verify against the source filing before relying on them. Informational only. Not investment advice.