10 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 1.0% per year over the past 5 years.
Net income has grown in line with revenue (1.2% vs 1.0% per year).
Operating margin has expanded, at 8.9% in the latest year.
Free cash flow has declined 11.4% per year over the past 5 years.
Financial health
Total debt ($875M) exceeds cash ($149M); net debt is $726M.
Total debt has grown slower than revenue (-13.6% vs 1.0% per year).
Operating income covered interest expense 5.1× in the latest year, up from 2.6× 5 years ago.
Total debt is 2.0× EBITDA.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$3.7B
$196M
51.6%
8.9%
24.7%
6.8%
$173M
$875M
$149M
2024
$3.7B
$153M
50.9%
7.6%
24.4%
5.5%
$145M
$994M
$108M
2023
$3.7B
$185M
50.9%
8.7%
36.3%
6.8%
$159M
$1.1B
$123M
2022
$3.8B
$184M
50.3%
8.8%
62.5%
7.1%
$57M
$1.1B
$71M
2021
$3.9B
$240M
50.4%
10.8%
85.4%
8.4%
$308M
$1.4B
$401M
2020
$3.5B
$185M
48.8%
7.4%
1195.4%
6.4%
$316M
$1.8B
$514M
2019
$3.9B
$272M
49.3%
11.8%
-450.3%
12.9%
$213M
$1.6B
$71M
2018
$3.9B
$258M
49.4%
10.8%
-96.1%
12.3%
$286M
$1.8B
$77M
2017
$3.9B
$215M
49.9%
12.2%
-59.1%
10.2%
$254M
$1.9B
$64M
2016
$4.0B
$223M
49.7%
12.6%
-80.7%
10.6%
$203M
$1.8B
$87M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Jun '26
$935M
$54M
52.4%
9.2%
6.2%
1.9%
$62M
$815M
$173M
Mar '26
$903M
$43M
52.7%
8.0%
5.1%
1.5%
$44M
$835M
$157M
Dec '25
$943M
$46M
51.2%
8.1%
5.5%
1.6%
$57M
$855M
$157M
Sep '25
$947M
$50M
52.2%
8.4%
6.3%
1.7%
$78M
$875M
$149M
Jun '25
$933M
$46M
51.5%
8.4%
6.0%
1.7%
$49M
$896M
$113M
Mar '25
$883M
$39M
52.0%
7.9%
5.6%
1.4%
$32M
$917M
$92M
Dec '24
$938M
$61M
50.8%
10.7%
9.3%
2.3%
$13M
$953M
$106M
Sep '24
$935M
$48M
51.2%
8.8%
7.6%
1.7%
$73M
$994M
$108M
Jun '24
$942M
$38M
51.0%
7.6%
6.5%
1.4%
$29M
$995M
$97M
Mar '24
$908M
$29M
51.0%
6.6%
5.3%
1.1%
$23M
$996M
$97M
Dec '23
$931M
$38M
50.2%
7.4%
7.1%
1.4%
$20M
$1.1B
$121M
Sep '23
$921M
$43M
50.6%
8.3%
8.4%
1.6%
$90M
$1.1B
$123M
Jun '23
$931M
$51M
51.0%
9.7%
10.4%
1.9%
$32M
$1.1B
$74M
Mar '23
$919M
$41M
51.0%
7.8%
9.6%
1.5%
$8M
$1.1B
$62M
Dec '22
$957M
$50M
51.0%
9.0%
13.5%
1.9%
$30M
$1.1B
$99M
Sep '22
$962M
$21M
48.2%
4.1%
7.3%
0.8%
$75M
$1.1B
$71M
Jun '22
$961M
$47M
51.0%
10.3%
15.7%
1.7%
$29M
$1.1B
$101M
Mar '22
$911M
$47M
51.1%
9.5%
17.2%
1.7%
-$15M
$1.4B
$227M
Dec '21
$980M
$69M
51.0%
11.5%
24.5%
2.4%
-$32M
$1.4B
$298M
Sep '21
$990M
$68M
50.6%
11.2%
24.3%
2.4%
$135M
$1.4B
$401M
Valuation over time
How the market has priced SBH against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 7.9× (Mar '23) to 8.8× (Nov '26).
The price-to-sales ratio has risen from 0.4× (Mar '23) to 0.5× (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Frequently asked questions
Is SBH growing its revenue and profit?
Over the past 5 years, Sally Beauty Holdings, Inc.'s revenue has grown 1.0% per year, and net income grown 1.2% per year. These are computed facts, not advice.
How much debt does SBH have?
As of FY2025, Sally Beauty Holdings, Inc. reported $875M of total debt against $149M of cash; operating income covered interest expense 5.1×.
What is SBH's profit margin?
In FY2025, gross margin was 51.6%, operating margin 8.9%, and net margin 5.3%.
What is SBH's P/E ratio?
Sally Beauty Holdings, Inc.'s P/E (TTM) is 8.97 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the SBH stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 8.8× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.