Fundies.
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SALLY BEAUTY HOLDINGS, INC.

EDGAR
SBH Quarterly report (10-Q) · filed 2026-08-03

Annual consolidated revenue for 2025: about USD 3.701B, using the latest reported figures. The previous period, 2024, was about USD 3.717B.

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Watchlist

Latest quarter

Revenue

935 million USD

2026 Q3 · USD

Exact inputs and evidence

Operating margin

9.24%

2026 Q3 · %

Exact inputs and evidence
  • Operating Income: 86396000 USD Source
  • Revenue: 935490000 USD Source

Operating cash flow

80.9 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 247461000 USD Source
  • Operating Cash Flow: 166519000 USD Source

Free cash flow

61.6 million USD

2026 Q3 · USD

Exact inputs and evidence
  • Operating Cash Flow: 247461000 USD Source
  • Operating Cash Flow: 166519000 USD Source
  • Capital Expenditure: 84257000 USD Source
  • Capital Expenditure: 64946000 USD Source
Cash and cash equivalents
173 million USD Source
Exact value

173100000 USD

Long-term debt including current maturities
815 million USD Source
Exact value

815000000 USD

Shares outstanding
94.1 million shares Source
Exact value

94092000 shares

Reported share-count change

-5.38% · -5.35 million shares

Year-over-year change in reported shares. Splits, issuance and buybacks can affect this figure; it does not isolate employee compensation or economic dilution.

Exact inputs and evidence
  • 99438000 shares · 2025-06-30· Source
  • 94092000 shares · 2026-06-30· Source

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

3.73 billion USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Revenue: 3701424000 USD · 2024-10-01 – 2025-09-30 Source
  • Revenue: 2754348000 USD · 2024-10-01 – 2025-06-30 Source
  • Revenue: 943168000 USD · 2025-10-01 – 2025-12-31 Source
  • Revenue: 903382000 USD · 2026-01-01 – 2026-03-31 Source
  • Revenue: 935490000 USD · 2026-04-01 – 2026-06-30 Source

Net income

192 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence
  • Net income: 195878000 USD · 2024-10-01 – 2025-09-30 Source
  • Net income: 145947000 USD · 2024-10-01 – 2025-06-30 Source
  • Net income: 45557000 USD · 2025-10-01 – 2025-12-31 Source
  • Net income: 42695000 USD · 2026-01-01 – 2026-03-31 Source
  • Net income: 54082000 USD · 2026-04-01 – 2026-06-30 Source

Company performance

Up to ten complete financial years · consolidated figures

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-03.

Financial data available through: 2025-09-30.

Coverage by financial measure
  • Revenue: 10 of 11 periods available· newest 2025-09-30
  • Operating income: 10 of 11 periods available· newest 2025-09-30
  • Net income: 10 of 11 periods available· newest 2025-09-30
  • Operating cash flow: 10 of 11 periods available· newest 2025-09-30
  • Capital expenditure: 10 of 11 periods available· newest 2025-09-30
  • Total assets: 10 of 11 periods available· newest 2025-09-30
  • Total liabilities: 9 of 11 periods available· newest 2025-09-30
  • Current assets: 9 of 11 periods available· newest 2025-09-30
  • Current liabilities: 9 of 11 periods available· newest 2025-09-30
  • Cash and cash equivalents: 10 of 11 periods available· newest 2025-09-30
  • Long-term debt including current maturities: 9 of 11 periods available· newest 2025-09-30
  • Shares outstanding: 9 of 11 periods available· newest 2025-09-30

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

  • Revenue

    -0.4%

    Prior period

    USD 3.72 billion

    –

    Current period

    USD 3.7 billion

    –

    Exact inputs and evidence

    3701424000 − 3717031000 = -15607000 USD

    3717031000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    3701424000 USD · 2024-10-01 – 2025-09-30

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  • Net income

    +27.7%

    Prior period

    USD 153.41 million

    –

    Current period

    USD 195.88 million

    –

    Exact inputs and evidence

    195878000 − 153414000 = 42464000 USD

    153414000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    195878000 USD · 2024-10-01 – 2025-09-30

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  • Operating cash flow

    +11.5%

    Prior period

    USD 246.53 million

    –

    Current period

    USD 274.83 million

    –

    Exact inputs and evidence

    274831000 − 246528000 = 28303000 USD

    246528000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    274831000 USD · 2024-10-01 – 2025-09-30

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  • Capital expenditure

    +1%

    Prior period

    USD 101.17 million

    –

    Current period

    USD 102.15 million

    –

    Exact inputs and evidence

    102145000 − 101165000 = 980000 USD

    101165000 USD · 2023-10-01 – 2024-09-30

    Inspect prior input Prior source

    102145000 USD · 2024-10-01 – 2025-09-30

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Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2024-10-01 – 2025-09-30

  • Revenue USD 3.7 billion 100% of revenue
  • Operating costs Derived USD 3.37 billion 91% of revenue
  • Operating income USD 327.81 million 8.9% of revenue
  • Tax, interest and other Derived USD 131.93 million 3.6% of revenue
  • Net income USD 195.88 million 5.3% of revenue

Cash

  • Operating cash flow USD 274.83 million 7.4% of revenue
  • Capital expenditure USD 102.15 million 2.8% of revenue
  • Free cash flow Derived USD 172.69 million 4.7% of revenue

Share of revenue by period

  • Net income
  • Tax, interest and other
  • Operating costs
  • 2016 87%
  • 2017 88%
  • 2018 89%
  • 2019 88%
  • 2020 93%
  • 2021 89%
  • 2022 91%
  • 2023 91%
  • 2024 92%
  • 2025 91%
Values and sources
Revenue breakdown by annual reporting period
PeriodRevenueOperating costsOperating incomeTax, interest and otherNet incomeFree cash flowSource
2016 2015-10-01 – 2016-09-303952618000 3454321000 Derived 498297000 275355000 Derived 222942000 202892000 Derived
Source
2017 2016-10-01 – 2017-09-303938317000 3459720000 Derived 478597000 263521000 Derived 215076000 253620000 Derived
Source
2018 2017-10-01 – 2018-09-303932565000 3505976000 Derived 426589000 168542000 Derived 258047000 286154000 Derived
Source
2019 2018-10-01 – 2019-09-303876411000 3417938000 Derived 458473000 186850000 Derived 271623000 212660000 Derived
Source
2020 2019-10-01 – 2020-09-303514330000 3255570000 Derived 258760000 74160000 Derived 184600000 316031000 Derived
Source
2021 2020-10-01 – 2021-09-303874997000 3456554000 Derived 418443000 178585000 Derived 239858000 307956000 Derived
Source
2022 2021-10-01 – 2022-09-303815565000 3477925000 Derived 337640000 154087000 Derived 183553000 57250000 Derived
Source
2023 2022-10-01 – 2023-09-303728131000 3403102000 Derived 325029000 140429000 Derived 184600000 158569000 Derived
Source
2024 2023-10-01 – 2024-09-303717031000 3434298000 Derived 282733000 129319000 Derived 153414000 145363000 Derived
Source
2025 2024-10-01 – 2025-09-303701424000 3373614000 Derived 327810000 131932000 Derived 195878000 172686000 Derived
Source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 3.7B 2025
Revenue historyRevenue reported for each complete financial period. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.4.3B3.2B2.1B1.1B0.0201620212025
Values and sources
Revenue values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Revenue3952618000
2017Revenue3938317000
2018Revenue3932565000
2019Revenue3876411000
2020Revenue3514330000
2021Revenue3874997000
2022Revenue3815565000
2023Revenue3728131000
2024Revenue3717031000
2025Revenue3701424000

Revenue growth

Change in revenue from the same financial period one year earlier.

-0.4% 2025
Revenue growth historyChange in revenue from the same financial period one year earlier. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.11.8%6.1%0.5%-5.2%-10.9%201620212025
Values and sources
Revenue growth values and source evidence
PeriodSeriesValueSource evidence
2016Year over yearNo prior comparable period
2017Year over year-0.4%
2018Year over year-0.1%
2019Year over year-1.4%
2020Year over year-9.3%
2021Year over year10.3%
2022Year over year-1.5%
2023Year over year-2.3%
2024Year over year-0.3%
2025Year over year-0.4%

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin 8.9% 2025
Net margin 5.3% 2025
Free cash flow margin 4.7% 2025
Profit margins historyOperating income, net income and free cash flow as a share of revenue. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.13.6%10.2%6.8%3.4%0.0%201620212025
  • Operating margin
  • Net margin
  • Free cash flow margin
Values and sources
Profit margins values and source evidence
PeriodSeriesValueSource evidence
2016Operating margin12.6%
2017Operating margin12.2%
2018Operating margin10.8%
2019Operating margin11.8%
2020Operating margin7.4%
2021Operating margin10.8%
2022Operating margin8.8%
2023Operating margin8.7%
2024Operating margin7.6%
2025Operating margin8.9%
2016Net margin5.6%
2017Net margin5.5%
2018Net margin6.6%
2019Net margin7%
2020Net margin5.3%
2021Net margin6.2%
2022Net margin4.8%
2023Net margin5%
2024Net margin4.1%
2025Net margin5.3%
2016Free cash flow margin5.1%
2017Free cash flow margin6.4%
2018Free cash flow margin7.3%
2019Free cash flow margin5.5%
2020Free cash flow margin9%
2021Free cash flow margin7.9%
2022Free cash flow margin1.5%
2023Free cash flow margin4.3%
2024Free cash flow margin3.9%
2025Free cash flow margin4.7%

Operating cash flow

Cash generated by the company’s normal business operations.

USD 274.8M 2025
Operating cash flow historyCash generated by the company’s normal business operations. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.461.0M345.8M230.5M115.3M0.0201620212025
Values and sources
Operating cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Operating cash flow354112000
2017Operating cash flow343286000
2018Operating cash flow372661000
2019Operating cash flow320415000
2020Operating cash flow426889000
2021Operating cash flow381860000
2022Operating cash flow156500000
2023Operating cash flow249311000
2024Operating cash flow246528000
2025Operating cash flow274831000

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD 172.7M 2025
Free cash flow historyOperating cash flow minus capital expenditure for the same period and unit. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.341.3M256.0M170.7M85.3M0.0201620212025
Values and sources
Free cash flow values and source evidence
PeriodSeriesValue(USD)Source evidence
2016Free cash flow202892000
2017Free cash flow253620000
2018Free cash flow286154000
2019Free cash flow212660000
2020Free cash flow316031000
2021Free cash flow307956000
2022Free cash flow57250000
2023Free cash flow158569000
2024Free cash flow145363000
2025Free cash flow172686000

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

72.3% 2025
Liabilities to assets historyTotal liabilities as a share of total assets. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.127%95%63%32%0%2016-09-3020212025
Values and sources
Liabilities to assets values and source evidence
PeriodSeriesValueSource evidence
2016-09-30Liabilities / assetsNot reported
2017Liabilities / assets117.3%
2018Liabilities / assets112.8%
2019Liabilities / assets102.9%
2020Liabilities / assets99.5%
2021Liabilities / assets90.1%
2022Liabilities / assets88.6%
2023Liabilities / assets81.3%
2024Liabilities / assets77.5%
2025Liabilities / assets72.3%

Current assets to current liabilities

Current assets divided by current liabilities.

2.26× 2025
Current assets to current liabilities historyCurrent assets divided by current liabilities. Values are shown by financial reporting period. Open Values and sources below for the exact observations and evidence.2.76×2.07×1.38×0.69×0.00×2016-09-3020212025
Values and sources
Current assets to current liabilities values and source evidence
PeriodSeriesValueSource evidence
2016-09-30Current assets / current liabilitiesNot reportedNo source recorded
2017Current assets / current liabilities1.99×
2018Current assets / current liabilities2.35×
2019Current assets / current liabilities2.55×
2020Current assets / current liabilities2.54×
2021Current assets / current liabilities2.08×
2022Current assets / current liabilities1.7×
2023Current assets / current liabilities2.12×
2024Current assets / current liabilities2.2×
2025Current assets / current liabilities2.26×

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
PeriodNet incomeOperating cash flowCapital expenditureFree cash flow
2016 2015-10-01 – 2016-09-30
USD 222.94 million
Exact value

Exact value: 222942000 USD

2015-10-01 – 2016-09-30: 222942000 USD Inspect Net Income Open source
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USD 354.11 million
Exact value

Exact value: 354112000 USD

2015-10-01 – 2016-09-30: 354112000 USD Inspect Operating Cash Flow Open source
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USD 151.22 million
Exact value

Exact value: 151220000 USD

2015-10-01 – 2016-09-30: 151220000 USD Inspect Capital Expenditure Open source
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USD 202.89 million
Calculation and evidence

354112000 − 151220000 USD

Exact free cash flow: 202892000 USD

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2017 2016-10-01 – 2017-09-30
USD 215.08 million
Exact value

Exact value: 215076000 USD

2016-10-01 – 2017-09-30: 215076000 USD Inspect Net Income Open source
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USD 343.29 million
Exact value

Exact value: 343286000 USD

2016-10-01 – 2017-09-30: 343286000 USD Inspect Operating Cash Flow Open source
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USD 89.67 million
Exact value

Exact value: 89666000 USD

2016-10-01 – 2017-09-30: 89666000 USD Inspect Capital Expenditure Open source
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USD 253.62 million
Calculation and evidence

343286000 − 89666000 USD

Exact free cash flow: 253620000 USD

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2018 2017-10-01 – 2018-09-30
USD 258.05 million
Exact value

Exact value: 258047000 USD

2017-10-01 – 2018-09-30: 258047000 USD Inspect Net Income Open source
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USD 372.66 million
Exact value

Exact value: 372661000 USD

2017-10-01 – 2018-09-30: 372661000 USD Inspect Operating Cash Flow Open source
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USD 86.51 million
Exact value

Exact value: 86507000 USD

2017-10-01 – 2018-09-30: 86507000 USD Inspect Capital Expenditure Open source
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USD 286.15 million
Calculation and evidence

372661000 − 86507000 USD

Exact free cash flow: 286154000 USD

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2019 2018-10-01 – 2019-09-30
USD 271.62 million
Exact value

Exact value: 271623000 USD

2018-10-01 – 2019-09-30: 271623000 USD Inspect Net Income Open source
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USD 320.42 million
Exact value

Exact value: 320415000 USD

2018-10-01 – 2019-09-30: 320415000 USD Inspect Operating Cash Flow Open source
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USD 107.76 million
Exact value

Exact value: 107755000 USD

2018-10-01 – 2019-09-30: 107755000 USD Inspect Capital Expenditure Open source
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USD 212.66 million
Calculation and evidence

320415000 − 107755000 USD

Exact free cash flow: 212660000 USD

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2020 2019-10-01 – 2020-09-30
USD 184.6 million
Exact value

Exact value: 184600000 USD

2019-10-01 – 2020-09-30: 184600000 USD Inspect Net Income Open source
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USD 426.89 million
Exact value

Exact value: 426889000 USD

2019-10-01 – 2020-09-30: 426889000 USD Inspect Operating Cash Flow Open source
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USD 110.86 million
Exact value

Exact value: 110858000 USD

2019-10-01 – 2020-09-30: 110858000 USD Inspect Capital Expenditure Open source
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USD 316.03 million
Calculation and evidence

426889000 − 110858000 USD

Exact free cash flow: 316031000 USD

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2021 2020-10-01 – 2021-09-30
USD 239.86 million
Exact value

Exact value: 239858000 USD

2020-10-01 – 2021-09-30: 239858000 USD Inspect Net Income Open source
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USD 381.86 million
Exact value

Exact value: 381860000 USD

2020-10-01 – 2021-09-30: 381860000 USD Inspect Operating Cash Flow Open source
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USD 73.9 million
Exact value

Exact value: 73904000 USD

2020-10-01 – 2021-09-30: 73904000 USD Inspect Capital Expenditure Open source
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USD 307.96 million
Calculation and evidence

381860000 − 73904000 USD

Exact free cash flow: 307956000 USD

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2022 2021-10-01 – 2022-09-30
USD 183.55 million
Exact value

Exact value: 183553000 USD

2021-10-01 – 2022-09-30: 183553000 USD Inspect Net Income Open source
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USD 156.5 million
Exact value

Exact value: 156500000 USD

2021-10-01 – 2022-09-30: 156500000 USD Inspect Operating Cash Flow Open source
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USD 99.25 million
Exact value

Exact value: 99250000 USD

2021-10-01 – 2022-09-30: 99250000 USD Inspect Capital Expenditure Open source
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USD 57.25 million
Calculation and evidence

156500000 − 99250000 USD

Exact free cash flow: 57250000 USD

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2023 2022-10-01 – 2023-09-30
USD 184.6 million
Exact value

Exact value: 184600000 USD

2022-10-01 – 2023-09-30: 184600000 USD Inspect Net Income Open source
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USD 249.31 million
Exact value

Exact value: 249311000 USD

2022-10-01 – 2023-09-30: 249311000 USD Inspect Operating Cash Flow Open source
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USD 90.74 million
Exact value

Exact value: 90742000 USD

2022-10-01 – 2023-09-30: 90742000 USD Inspect Capital Expenditure Open source
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USD 158.57 million
Calculation and evidence

249311000 − 90742000 USD

Exact free cash flow: 158569000 USD

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2024 2023-10-01 – 2024-09-30
USD 153.41 million
Exact value

Exact value: 153414000 USD

2023-10-01 – 2024-09-30: 153414000 USD Inspect Net Income Open source
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USD 246.53 million
Exact value

Exact value: 246528000 USD

2023-10-01 – 2024-09-30: 246528000 USD Inspect Operating Cash Flow Open source
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USD 101.17 million
Exact value

Exact value: 101165000 USD

2023-10-01 – 2024-09-30: 101165000 USD Inspect Capital Expenditure Open source
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USD 145.36 million
Calculation and evidence

246528000 − 101165000 USD

Exact free cash flow: 145363000 USD

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2025 2024-10-01 – 2025-09-30
USD 195.88 million
Exact value

Exact value: 195878000 USD

2024-10-01 – 2025-09-30: 195878000 USD Inspect Net Income Open source
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USD 274.83 million
Exact value

Exact value: 274831000 USD

2024-10-01 – 2025-09-30: 274831000 USD Inspect Operating Cash Flow Open source
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USD 102.15 million
Exact value

Exact value: 102145000 USD

2024-10-01 – 2025-09-30: 102145000 USD Inspect Capital Expenditure Open source
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USD 172.69 million
Calculation and evidence

274831000 − 102145000 USD

Exact free cash flow: 172686000 USD

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Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

100 filings · 6,300 latest values · 6,300 originally reported values

Dataset published . Source filing dates and reporting periods are shown separately.

Identifiers: 0001368458, 1368458, SBH, edgar:1368458

Also known as New Sally Holdings, Inc., SALLY BEAUTY HOLDINGS, INC., SALLY BEAUTY HOLDINGS, INC., Sally Beauty Holdings, Inc.