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Retails and distributes hair color, hair care and beauty supplies to consumers and salon professionals.
Retails and distributes hair color, hair care and beauty supplies to consumers and salon professionals.
Earns the resale margin on products from outside makers plus its own exclusive-label lines. Sally stores serve do-it-yourself buyers and professionals, while Beauty Systems Group sells to salons through its own stores and sales consultants. It was spun out of Alberto-Culver in 2006.
Moat: narrow (distribution, scale). Dual consumer-retail and professional-distribution channels give reach smaller beauty retailers lack.
Headquarters: Denton, Texas, US · Founded: 1964 · Employees: 27,000
Size Sally Beauty (SBH) is a United States Consumer Discretionary company (Specialty Stores) with a market value of $1.71B, the 1893rd largest of 3,117 United States companies the cockpit tracks. Shares closed at $18.31 on 6 Nov 2026.
Performance Over six months the shares gained 30.5%, against +2.6% for the median peer and -1.1% for the United States market (cap-weighted) — 5th highest of 20 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +5.5%); the operating margin is 8.6% (peer median 8.1%).
Valuation It trades at 8.3× forward earnings against a peer median of 14.6× (3rd cheapest of 18).
Price implies For today's price to make sense, revenue must grow about -3% a year for seven years (Req g). Recent delivered growth is +1%, so the hurdle is -4 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 3.4 points above its cost of capital (8.0% WACC).
Credit Sally Beauty has 1 bond outstanding ($600M), rated BB by the agencies and trading like BB at a weighted spread of 172 bp.
Short interest Short interest is 19.5% of the free float (15 Oct 2026).
Next results Next results expected around 10 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $3.73B | $3.70B | $3.72B | $3.73B | $3.82B |
| Revenue growth | — | 0% | 0% | -2% | — |
| Gross profit | $1.94B | $1.91B | $1.78B | $1.80B | $1.82B |
| EBITDA | $418M | $405M | $395M | $447M | $465M |
| Net income | $192M | $196M | $153M | $185M | $184M |
| Free cash flow | $241M | $173M | $145M | $159M | $57.2M |
| Capital expenditure | $127M | $102M | $101M | $90.7M | $99.2M |
| Total debt | $1.52B | $1.56B | $1.60B | $1.68B | $1.73B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Sally Beauty SBH | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% |
| Ulta Beauty ULTA | $27.6B | +24% | +11% | 13% | 21.1× | 7.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SBH | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +14.2% | +6.2% | 5th highest of 21 |
| 6-month return | +30.5% | +2.6% | 5th highest of 20 |
| Distance from 52-week high | -6.6% | -20.2% | 5th highest of 21 |
| Revenue growth (TTM) | +1.1% | +5.5% | 8th lowest of 21 |
| Operating margin | 8.6% | 8.1% | 9th highest of 21 |
| Forward P/E | 8.3× | 14.6× | 3rd cheapest of 18 |
| Growth the price implies (Req g, 7 yrs) | -2.6% | 1.5% | 7th least demanding of 17 |
| Growth delivered (Del g) | +1.0% | +5.6% | 3rd lowest of 17 |
| Hurdle (Req g minus delivered) | -3.6 pp | -4.7 pp | 8th most demanding of 17 |
| ROIC minus cost of capital | +3.4 pp | +4.0 pp | 10th lowest of 21 |
| EV / EBITDA | 7.3× | 8.6× | 7th cheapest of 16 |
| Net debt / EBITDA | 3.2× | 1.2× | 4th most indebted of 18 |
| Bond spread | 172 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Sally Beauty SBH | United States | $1.71B | +31% | +1% | 9% | 8.3× | -2.6% | +1.0% |
| Beijing Caishikou Department Store 605599.SS | China | $1.71B | -23% | +37% | 4% | 13.3× | -17.2% | +32.7% |
| Honasa Consumer HONASA.NS | India | $1.61B | +32% | +21% | 10% | 52.9× | 42.5% | +39.1% |
| Luk Fook Holdings (International) 0590.HK | Hong Kong | $1.58B | -9% | +29% | 20% | 6.1× | n/a | n/a |
| Chow Tai Seng Jewelry 002867.SZ | China | $1.88B | -12% | -22% | 14% | 13.1× | 1.3% | +11.7% |
| Savers Value Village SVV | United States | $1.52B | +22% | +10% | 8% | 18.2× | 12.9% | +15.0% |
| Pets At Home PETS.L | United Kingdom | $1.51B | +48% | -1% | 7% | 15.9× | 9.2% | +5.2% |
| Sonic Automotive SAH | United States | $1.95B | -24% | +2% | 3% | 9.3× | n/a | n/a |
| MTG 7806.T | Japan | $1.96B | +36% | +44% | 11% | 27.4× | n/a | n/a |
| North West NWC.TO | Canada | $2.02B | +17% | +1% | 8% | 17.1× | -2.8% | +1.9% |
| Leon's Furniture LNF.TO | Canada | $1.43B | +16% | 0% | 8% | 13.3× | -3.3% | +3.0% |
| National Vision EYE | United States | $1.42B | -22% | +8% | 4% | 16.3× | 15.6% | +3.0% |
| Itochu Enex 8133.T | Japan | $1.41B | +3% | +2% | 3% | n/a | -7.1% | +2.9% |
| Super Retail SUL.AX | Australia | $2.14B | +22% | +3% | 9% | 13.8× | 6.7% | +4.0% |
| Sun Art Retail 6808.HK | Hong Kong | $1.37B | -24% | -10% | 0% | n/a | 1.6% | -9.4% |
| Bilia BILI-A.ST | Sweden | $1.37B | +9% | +1% | 3% | 14.6× | 0.9% | +6.0% |
| Lovisa LOV.AX | Australia | $2.18B | +32% | +18% | 18% | 27.8× | 21.9% | +26.7% |
| Lalithaa Jewellery Mart LALITHAA.NS | India | $2.21B | n/a | +48% | 6% | n/a | n/a | n/a |
| SILICON 2 257720.KS | South Korea | $1.30B | -39% | +55% | 19% | 7.2× | -14.8% | +62.2% |
| Rusta RUSTA.ST | Sweden | $1.28B | -17% | +8% | 8% | 18.7× | 2.5% | +7.3% |
| Chengdu Fusen Noble-House Industrial 002818.SZ | China | $1.26B | -8% | -22% | 42% | 11.2× | -2.7% | -1.0% |
Sally Beauty has 1 bond outstanding with $600M face value. The agencies rate it BB; its bonds trade like BB. Weighted yield 6.32%, a spread of 172 bp over government bonds.