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Sally Beauty Holdings, Inc. operates as a specialty retailer and distributor of professional beauty supplies. The company operates through two segments, Sally Beauty Supply and Beauty Systems Group. The Sally Beauty Supply segment offers beauty products, including hair color and care products, skin and nail care products, styling tools, and other beauty products for retail customers, salons, and salon professionals. This segment also provides products under Wella and L'Oreal brands, as well as Clairol, OPI, Wahl, and BaByliss Pro. The Beauty Systems Group segment offers professional beauty products, such as hair color and care products, skin and nail care products, styling tools, and other beauty items directly to salons, and licensed beauty professionals, and salon professionals through its professional-only stores, e-commerce platforms, and sales force, as well as through franchised stores under the Armstrong McCall store name. This segment also sells products under Paul Mitchell and Wella brands, including Matrix, Schwarzkopf, Kenra, Goldwell, Joico, Amika, and Moroccanoil. In addition, it operates company-operated stores, salon business consultants, digital platforms and franchised units in the United States, Puerto Rico, Canada, Mexico, Chile, the United Kingdom, Ireland, Belgium, France, the Netherlands, and Germany. Further, the company distributes its products through full-service/exclusive distributors and open-line distributors. Sally Beauty Holdings, Inc. was founded in 1964 and is headquartered in Plano, Texas.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $3.7B | $428M | $196M | $173M | 24.7% | -0.4% | 27.7% |
| 2024 | $3.7B | $392M | $153M | $145M | 24.4% | -0.3% | -16.9% |
| 2023 | $3.7B | $427M | $185M | $159M | 36.3% | -2.3% | 0.6% |
| 2022 | $3.8B | $438M | $184M | $57M | 62.5% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 3,815.56 | 3,728.13 | 3,717.03 | 3,701.42 |
| Operating Revenue | - | 3,815.56 | 3,728.13 | 3,717.03 | 3,701.42 |
| Cost Of Revenue | - | 1,896.40 | 1,829.95 | 1,826.70 | 1,790.68 |
| Gross Profit | - | 1,919.16 | 1,898.18 | 1,890.33 | 1,910.75 |
| Operating Expense | - | 1,553.95 | 1,555.95 | 1,607.67 | 1,582.94 |
| Selling General And Administration | - | 1,553.95 | 1,555.95 | 1,607.67 | 1,582.94 |
| Total Expenses | - | 3,450.35 | 3,385.90 | 3,434.37 | 3,373.61 |
| Operating Income | - | 365.22 | 342.23 | 282.66 | 327.81 |
| Total Operating Income As Reported | - | 337.64 | 325.03 | 282.73 | 327.81 |
| EBITDA | - | 437.57 | 427.44 | 392.47 | 427.73 |
| Normalized EBITDA | - | 465.15 | 444.64 | 392.40 | 427.73 |
| EBIT | - | 337.64 | 325.03 | 282.73 | 327.81 |
| Interest Expense | - | 93.54 | 72.98 | 76.41 | 64.39 |
| Net Interest Income | - | -93.54 | -72.98 | -76.41 | -64.39 |
| Other Income Expense | -4.61 | -27.58 | -17.20 | 0.08 | - |
| Interest Expense Non Operating | - | 93.54 | 72.98 | 76.41 | 64.39 |
| Net Non Operating Interest Income Expense | - | -93.54 | -72.98 | -76.41 | -64.39 |
| Pretax Income | - | 244.10 | 252.05 | 206.32 | 263.42 |
| Tax Provision | - | 60.54 | 67.45 | 52.91 | 67.54 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -6.84 | -4.61 | 0.02 | 0 |
| Net Income Continuous Operations | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Net Income From Continuing And Discontinued Operation | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Net Income From Continuing Operation Net Minority Interest | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Net Income | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Net Income Common Stockholders | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Net Income Including Noncontrolling Interests | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Normalized Income | - | 204.29 | 197.19 | 153.36 | 195.88 |
| Diluted NI Availto Com Stockholders | - | 183.55 | 184.60 | 153.41 | 195.88 |
| Basic Average Shares | - | 108.66 | 107.33 | 103.94 | 100.66 |
| Diluted Average Shares | - | 110.29 | 109.34 | 106.93 | 103.82 |
| Reconciled Depreciation | - | 99.93 | 102.41 | 109.74 | 99.92 |
| Reconciled Cost Of Revenue | - | 1,896.40 | 1,829.95 | 1,826.70 | 1,790.68 |
| Total Unusual Items | - | -27.58 | -17.20 | 0.08 | 0 |
| Total Unusual Items Excluding Goodwill | - | -27.58 | -17.20 | 0.08 | 0 |
| Special Income Charges | - | -27.58 | -17.20 | 0.08 | 0 |
| Restructuring And Mergern Acquisition | - | 27.58 | 17.20 | -0.08 | 0 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Sally Beauty Holdings, Inc.this co. | SBH | $1.1B | 5.84↓ discount | 1.44 | 24.7% | 5.98 |
| O-I Glass, Inc. | OI | $1.2B | -9.54 | 0.95 | -10.0% | 7.10 |
| Pursuit Attractions and Hospitality, Inc. | PRSU | $1.2B | 53.32 | 2.08 | 3.9% | 12.49 |
| LGI Homes, Inc. | LGIH | $1.2B | 16.21 | 0.56 | 3.5% | 33.11 |
| Gentherm Incorporated | THRM |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.2B |
| 63.62 |
| 1.61 |
| 2.5% |
| 12.13 |
| Liquidity Services, Inc. | LQDT | $1.2B | 41.00 | 5.67 | 13.8% | 21.79 |
| The RealReal, Inc. | REAL | $1.1B | -26.17 | -2.63 | 10.1% | 72.97 |
| MasterBrand, Inc. | MBC | $1.1B | 39.88 | 0.79 | 2.0% | 9.61 |
| Papa John's International, Inc. | PZZA | $1.1B | 34.79 | -2.39 | -6.9% | 10.83 |
| Peer Median | - | 37.33 | 0.87 | 3.0% | 12.31 | |