Sally Beauty Holdings, Inc. - Understand $sbh stock

$SBH Market Cap: $1.413 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$3.717B

TTM

Gross Margin

50.86%

TTM

Net Earnings

$153.4M

TTM

Current Assets

$1.305B

Q3 2024

Current Liabilities

$592.7M

Q3 2024

Current Ratio

220.24%

Q3 2024

Total Assets

$2.793B

Q3 2024

Total Liabilities

$2.164B

Q3 2024

Book Value

$628.5M

Q3 2024

Cash

$108.0M

Q3 2024

P/E

9.211

Nov 29, 2024 EST

Free Cash Flow

$145.4M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$3.717B	$3.728B	$3.816B	$3.875B	$3.514B	$3.876B	$3.933B	$3.938B	$3.953B	$3.834B	$3.754B	$3.622B	$3.524B	$3.269B	$2.916B	$2.637B	$2.648B	$2.514B	$2.373B	$2.254B	$2.098B	$1.824B
YoY Change	-0.3%	-2.29%	-1.53%	10.26%	-9.34%	-1.43%	-0.15%	-0.36%	3.09%	2.15%	3.62%	2.8%	7.79%	12.11%	10.6%	-0.44%	5.35%	5.93%	5.27%	7.47%	15.01%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Revenue	$3.717B	$3.728B	$3.816B	$3.875B	$3.514B	$3.876B	$3.933B	$3.938B	$3.953B	$3.834B	$3.754B	$3.622B	$3.524B	$3.269B	$2.916B	$2.637B	$2.648B	$2.514B	$2.373B	$2.254B	$2.098B	$1.824B
Cost Of Revenue	$1.827B	$1.830B	$1.896B	$1.922B	$1.799B	$1.966B	$1.988B	$1.973B	$1.989B	$1.937B	$1.893B	$1.827B	$1.780B	$1.675B	$1.512B	$1.393B	$1.414B	$1.360B	$1.286B	$1.227B	$1.147B	$1.017B
Gross Profit	$1.890B	$1.898B	$1.919B	$1.953B	$1.716B	$1.911B	$1.944B	$1.965B	$1.964B	$1.898B	$1.860B	$1.795B	$1.743B	$1.595B	$1.404B	$1.243B	$1.235B	$1.154B	$1.087B	$1.027B	$950.9M	$807.1M
Gross Profit Margin	50.86%	50.92%	50.3%	50.41%	48.82%	49.29%	49.44%	49.89%	49.69%	49.5%	49.56%	49.56%	49.47%	48.78%	48.16%	47.16%	46.62%	45.89%	45.8%	45.56%	45.33%	44.25%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Selling, General & Admin	$1.608B	$1.556B	$1.548B	$1.530B	$1.443B	$1.453B	$1.484B	$1.464B	$1.466B	$1.316B	$1.275B	$1.203B	$1.179B	$1.086B	$1.012B	$899.4M	$903.1M	$861.1M	$827.1M	$800.5M	$781.2M	$637.0M
YoY Change	3.32%	0.53%	1.16%	6.04%	-0.68%	-2.12%	1.41%	-0.14%	11.38%	3.18%	6.04%	1.99%	8.54%	7.32%	12.56%	-0.41%	4.88%	4.11%	3.32%	2.47%	22.64%
% of Gross Profit	85.05%	81.97%	80.65%	78.33%	84.1%	76.04%	76.33%	74.49%	74.63%	69.33%	68.56%	66.99%	67.64%	68.13%	72.08%	72.34%	73.15%	74.64%	76.1%	77.95%	82.15%	78.92%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$109.7M	$102.4M	$99.93M	$102.2M	$106.8M	$107.7M	$108.8M	$112.3M	$99.66M	$89.40M	$79.70M	$72.19M	$64.70M	$59.72M	$51.12M	$47.10M	$48.50M	$42.60M	$38.00M	$33.90M	$24.60M	$22.30M
YoY Change	7.16%	2.48%	-2.22%	-4.29%	-0.82%	-1.08%	-3.11%	12.71%	11.47%	12.17%	10.4%	11.58%	8.33%	16.82%	8.54%	-2.89%	13.85%	12.11%	12.09%	37.8%	10.31%
% of Gross Profit	5.81%	5.4%	5.21%	5.23%	6.22%	5.63%	5.6%	5.72%	5.07%	4.71%	4.28%	4.02%	3.71%	3.75%	3.64%	3.79%	3.93%	3.69%	3.5%	3.3%	2.59%	2.76%
Operating Expenses	$1.608B	$1.556B	$1.548B	$1.530B	$1.443B	$1.453B	$1.484B	$1.464B	$1.466B	$1.405B	$1.355B	$1.203B	$1.179B	$1.086B	$1.012B	$946.5M	$951.7M	$925.2M	$906.6M	$834.4M	$781.2M	$637.0M
YoY Change	3.32%	0.53%	1.14%	6.06%	-0.68%	-2.12%	1.41%	-0.14%	4.3%	3.7%	12.67%	1.99%	8.54%	7.32%	6.95%	-0.55%	2.86%	2.05%	8.65%	6.81%	22.64%
Operating Profit	$282.7M	$325.0M	$371.4M	$418.4M	$258.8M	$458.5M	$426.6M	$478.6M	$498.3M	$492.7M	$505.1M	$520.4M	$499.4M	$448.5M	$340.9M	$296.8M	$282.9M	$228.5M	$180.2M	$192.6M	$169.7M	$170.1M
YoY Change	-13.01%	-12.49%	-11.23%	61.71%	-43.56%	7.47%	-10.87%	-3.95%	1.14%	-2.45%	-2.93%	4.21%	11.35%	31.54%	14.87%	4.91%	23.81%	26.8%	-6.44%	13.49%	-0.24%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Interest Expense	$76.41M	$72.98M	-$75.56M	$93.51M	$98.79M	$96.31M	$98.16M	$132.9M	$144.2M	-$114.1M	-$114.4M	$107.7M	$138.4M	$112.5M	$113.1M	-$132.0M	-$159.1M	-$146.0M	-$100.0K	-$3.000M	-$2.300M	-$300.0K
YoY Change	4.7%	-196.59%	-180.8%	-5.35%	2.58%	-1.89%	-26.14%	-7.86%	-226.41%	-0.26%	-206.23%	-22.19%	23.0%	-0.54%	-185.71%	-17.03%	8.97%	145900.0%	-96.67%	30.43%	666.67%
% of Operating Profit	27.02%	22.45%	-20.34%	22.35%	38.18%	21.01%	23.01%	27.77%	28.95%	-23.16%	-22.65%	20.7%	27.72%	25.09%	33.19%	-44.47%	-56.24%	-63.89%	-0.06%	-1.56%	-1.36%	-0.18%
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003
Pretax Income	$206.3M	$252.1M	$244.1M	$288.0M	$168.0M	$328.3M	$300.4M	$332.5M	$327.1M	$378.5M	$390.7M	$386.6M	$334.5M	$300.1M	$215.9M	$164.8M	$123.8M	$82.60M	$180.1M	$189.6M	$167.4M	$169.7M
YoY Change	-18.14%	3.26%	-15.24%	71.43%	-48.83%	9.29%	-9.65%	1.65%	-13.58%	-3.12%	1.06%	15.58%	11.46%	39.0%	31.01%	33.12%	49.88%	-54.14%	-5.01%	13.26%	-1.36%
Income Tax	$52.91M	$67.45M	$58.41M	$85.08M	$46.72M	$90.54M	$70.38M	$130.6M	$131.1M	$143.4M	$144.7M	$151.5M	$127.9M	$122.2M	$84.12M	$65.70M	$46.20M	$38.10M	$69.90M	$73.20M	$62.10M	$62.20M
% Of Pretax Income	25.64%	26.76%	23.93%	29.54%	27.81%	27.58%	23.43%	39.28%	40.08%	37.89%	37.04%	39.19%	38.23%	40.72%	38.96%	39.87%	37.32%	46.13%	38.81%	38.61%	37.1%	36.65%
Net Earnings	$153.4M	$184.6M	$183.6M	$239.9M	$113.2M	$271.6M	$258.0M	$215.1M	$222.9M	$235.1M	$246.0M	$261.2M	$233.1M	$213.7M	$143.8M	$99.10M	$77.60M	$44.50M	$110.2M	$116.5M	$105.3M	$107.5M
YoY Change	-16.89%	0.57%	-23.47%	111.8%	-58.31%	5.26%	19.98%	-3.53%	-5.17%	-4.43%	-5.82%	12.05%	9.08%	48.61%	45.11%	27.71%	74.38%	-59.62%	-5.41%	10.64%	-2.05%
Net Earnings / Revenue	4.13%	4.95%	4.81%	6.19%	3.22%	7.01%	6.56%	5.46%	5.64%	6.13%	6.55%	7.21%	6.62%	6.54%	4.93%	3.76%	2.93%	1.77%	4.64%	5.17%	5.02%	5.89%
Basic Earnings Per Share	$1.48	$1.72	$1.69	$2.13	$0.99	$2.27	$2.09	$1.56	$1.51			$1.52	$1.27	$1.17	$0.79
Diluted Earnings Per Share	$1.43	$1.69	$1.664M	$2.100M	$0.99	$2.26	$2.08	$1.56	$1.50	$1.486M	$1.506M	$1.48	$1.24	$1.14	$0.78	$540.6K	$424.7K	$244.0K	$615.0K	$650.1K	$587.6K	$599.9K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$108.0M	$123.0M	$70.56M	$401.0M	$514.2M	$71.50M	$77.30M	$63.80M	$86.60M	$140.0M	$106.6M	$47.10M	$240.2M	$63.50M	$59.50M	$54.40M	$99.80M	$38.30M	$107.6M	$38.60M	$68.00M
YoY Change	-12.23%	74.32%	-82.4%	-22.02%	619.16%	-7.5%	21.16%	-26.33%	-38.14%	31.33%	126.33%	-80.39%	278.27%	6.72%	9.38%	-45.49%	160.57%	-64.41%	178.76%	-43.24%
Cash & Equivalents	$108.0M	$123.0M	$70.56M	$401.0M	$514.2M	$71.50M	$77.30M	$63.80M	$86.60M	$140.0M	$106.6M	$47.10M	$240.2M	$63.50M	$59.50M	$54.40M	$99.80M	$38.30M	$107.6M	$38.60M	$45.50M
Short-Term Investments																				$0.00	$22.60M
Other Short-Term Assets	$68.54M	$53.90M	$53.19M	$44.69M	$48.00M	$34.60M	$43.00M	$55.20M	$94.90M	$70.80M	$70.60M	$59.20M	$62.90M	$54.90M	$46.40M	$34.10M	$40.40M	$30.90M	$20.60M	$16.70M	$18.50M
YoY Change	27.16%	1.33%	19.04%	-6.9%	38.73%	-19.53%	-22.1%	-41.83%	34.04%	0.28%	19.26%	-5.88%	14.57%	18.32%	36.07%	-15.59%	30.74%	50.0%	23.35%	-9.73%
Inventory	$1.037B	$975.2M	$936.4M	$871.3M	$814.5M	$952.9M	$944.3M	$930.9M	$907.3M	$885.2M	$828.4M	$808.3M	$735.4M	$665.2M	$604.4M	$559.7M	$598.2M	$569.4M	$575.0M	$525.1M	$483.5M
Prepaid Expenses
Receivables	$33.64M	$33.40M	$34.10M	$32.62M	$35.60M	$43.10M	$48.40M	$47.00M	$46.90M	$48.60M	$51.80M	$57.00M	$59.50M	$62.00M	$55.00M	$43.60M	$44.50M	$51.40M	$45.90M	$51.60M	$41.60M
Other Receivables	$58.55M	$42.50M	$38.18M	$33.96M	$20.80M	$61.40M	$42.10M	$45.20M	$37.10M	$42.50M	$46.70M	$44.20M	$66.00M	$33.50M	$29.50M	$24.10M	$22.70M	$22.20M	$21.30M	$19.40M	$14.00M
Total Short-Term Assets	$1.305B	$1.228B	$1.132B	$1.384B	$1.433B	$1.164B	$1.155B	$1.142B	$1.173B	$1.187B	$1.104B	$1.016B	$1.164B	$879.1M	$794.8M	$715.9M	$805.6M	$712.2M	$770.3M	$651.4M	$625.6M
YoY Change	6.3%	8.44%	-18.15%	-3.46%	23.16%	0.74%	1.14%	-2.62%	-1.2%	7.52%	8.69%	-12.72%	32.4%	10.61%	11.02%	-11.13%	13.11%	-7.54%	18.25%	4.12%
Property, Plant & Equipment	$852.4M	$868.4M	$830.1M	$845.1M	$840.7M	$319.6M	$308.4M	$313.7M	$319.6M	$270.8M	$238.1M	$229.5M	$202.7M	$182.5M	$168.1M	$151.3M	$156.3M	$154.1M	$142.7M	$149.4M	$125.8M
YoY Change	-1.84%	4.62%	-1.77%	0.52%	163.05%	3.63%	-1.69%	-1.85%	18.02%	13.73%	3.75%	13.22%	11.07%	8.57%	11.1%	-3.2%	1.43%	7.99%	-4.48%	18.76%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$36.91M	$40.60M	$38.03M	$21.77M	$23.10M	$22.40M	$25.40M	$25.10M	$14.00M	$13.20M	$11.00M	$36.40M	$38.50M	$31.40M	$38.90M	$50.70M	$54.70M	$61.10M	$7.900M	$7.700M	$6.000M
YoY Change	-9.08%	6.75%	74.73%	-5.77%	3.13%	-11.81%	1.2%	79.29%	6.06%	20.0%	-69.78%	-5.45%	22.61%	-19.28%	-23.27%	-7.31%	-10.47%	673.42%	2.6%	28.33%
Total Long-Term Assets	$1.488B	$1.497B	$1.444B	$1.464B	$1.462B	$934.8M	$942.3M	$956.9M	$959.3M	$907.3M	$900.2M	$934.3M	$901.9M	$849.5M	$794.6M	$774.8M	$721.4M	$692.3M	$568.5M	$574.1M	$476.8M
YoY Change	-0.65%	3.66%	-1.3%	0.11%	56.4%	-0.8%	-1.53%	-0.25%	5.73%	0.79%	-3.65%	3.59%	6.17%	6.91%	2.56%	7.4%	4.2%	21.78%	-0.98%	20.41%
Total Assets	$2.793B	$2.725B	$2.577B	$2.847B	$2.895B	$2.098B	$2.097B	$2.099B	$2.132B	$2.094B	$2.004B	$1.950B	$2.066B	$1.729B	$1.589B	$1.491B	$1.527B	$1.405B	$1.339B	$1.226B	$1.102B
YoY Change
Accounts Payable	$269.4M	$258.9M	$275.7M	$291.6M	$236.3M	$278.7M	$303.2M	$307.8M	$271.4M	$275.9M	$259.5M	$273.5M	$262.2M	$262.1M	$224.9M	$193.6M	$172.0M	$176.7M	$176.6M	$151.1M	$145.0M
YoY Change	4.06%	-6.1%	-5.46%	23.42%	-15.21%	-8.08%	-1.49%	13.41%	-1.63%	6.32%	-5.12%	4.31%	0.04%	16.54%	16.17%	12.56%	-2.66%	0.06%	16.88%	4.21%
Accrued Expenses	$282.9M	$295.6M	$318.8M	$343.8M	$307.2M	$150.9M	$161.8M	$145.7M	$191.1M	$186.0M	$177.2M	$163.8M	$181.3M	$168.5M	$154.4M	$141.8M	$143.7M	$142.6M	$104.2M	$95.40M	$91.10M
YoY Change	-4.28%	-7.28%	-7.28%	11.93%	103.58%	-6.74%	11.05%	-23.76%	2.74%	4.97%	8.18%	-9.65%	7.6%	9.13%	8.89%	-1.32%	0.77%	36.85%	9.22%	4.72%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$4.127M	$4.200M	$68.66M	$194.0K	$200.0K	$0.00	$5.500M	$96.10M	$700.0K	$800.0K	$1.000M	$78.00M	$1.900M	$3.000M	$3.000M	$24.50M	$100.6M	$17.10M	$500.0K	$13.90M	$4.400M
YoY Change	-1.74%	-93.88%	35290.72%	-3.0%		-100.0%	-94.28%	13628.57%	-12.5%	-20.0%	-98.72%	4005.26%	-36.67%	0.0%	-87.76%	-75.65%	488.3%	3320.0%	-96.4%	215.91%
Total Short-Term Liabilities	$592.7M	$579.3M	$667.9M	$664.9M	$563.4M	$456.1M	$491.2M	$572.6M	$488.7M	$491.7M	$463.5M	$542.7M	$477.4M	$460.0M	$407.7M	$374.2M	$438.4M	$358.0M	$291.2M	$269.0M	$247.9M
YoY Change	2.31%	-13.27%	0.46%	18.01%	23.53%	-7.15%	-14.22%	17.17%	-0.61%	6.08%	-14.59%	13.68%	3.78%	12.83%	8.95%	-14.64%	22.46%	22.94%	8.25%	8.51%
Long-Term Debt	$978.3M	$1.066B	$1.083B	$1.383B	$1.797B	$1.595B	$1.769B	$1.772B	$1.783B	$1.787B	$1.785B	$1.613B	$1.615B	$1.410B	$1.560B	$1.653B	$1.725B	$1.759B	$600.0K	$18.80M	$34.90M
YoY Change	-8.21%	-1.59%	-21.66%	-23.06%	12.69%	-9.85%	-0.17%	-0.64%	-0.2%	0.1%	10.68%	-0.16%	14.55%	-9.59%	-5.65%	-4.16%	-1.93%	293000.0%	-96.81%	-46.13%
Other Long-Term Liabilities	$501.7M	$478.2M	$447.2M	$433.2M	$427.4M	$27.80M	$30.00M	$20.10M	$21.60M	$27.70M	$27.80M	$24.30M	$24.20M	$26.20M	$41.60M	$45.40M	$29.60M	$25.40M	$19.50M	$21.30M	$23.20M
YoY Change	4.91%	6.93%	3.23%	1.36%	1437.41%	-7.33%	49.25%	-6.94%	-22.02%	-0.36%	14.4%	0.41%	-7.63%	-37.02%	-8.37%	53.38%	16.54%	30.26%	-8.45%	-8.19%
Total Long-Term Liabilities	$1.480B	$1.544B	$1.530B	$1.816B	$2.224B	$1.622B	$1.799B	$1.792B	$1.805B	$1.815B	$1.813B	$1.637B	$1.640B	$1.436B	$1.601B	$1.698B	$1.754B	$1.784B	$20.10M	$40.10M	$58.10M
YoY Change	-4.15%	0.9%	-15.72%	-18.37%	37.11%	-9.81%	0.38%	-0.71%	-0.53%	0.09%	10.74%	-0.15%	14.15%	-10.3%	-5.72%	-3.19%	-1.66%	8775.62%	-49.88%	-30.98%
Total Liabilities	$2.164B	$2.217B	$2.283B	$2.566B	$2.880B	$2.159B	$2.366B	$2.463B	$2.408B	$2.392B	$2.351B	$2.254B	$2.181B	$1.948B	$2.051B	$2.106B	$2.230B	$2.172B	$332.9M	$325.2M	$316.3M
YoY Change	-2.35%	-2.92%	-11.03%	-10.88%	33.39%	-8.76%	-3.92%	2.26%	0.67%	1.74%	4.34%	3.33%	11.98%	-5.03%	-2.64%	-5.55%	2.66%	552.51%	2.37%	2.81%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	103.9M	107.3M	108.7M	112.7M	113.9M	119.6M	123.2M	137.5M	147.2M	156.4M	159.9M	171.7M shares	183.4M shares	183.0M shares	182.0M shares
Diluted Shares Outstanding	106.9M	109.3M	110.3M	114.2M	114.7M	120.3M	123.8M	138.2M	148.8M			176.2M shares	188.6M shares	188.1M shares	184.1M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $1.4131 Billion

About Sally Beauty Holdings, Inc.

Sally Beauty Holdings, Inc. operates as an international retailer and distributor of professional beauty supplies. The company is headquartered in Denton, Texas and currently employs 27,000 full-time employees. The company went IPO on 2006-11-13. The firm operates through two business segments: Sally Beauty Supply (SBS) and Beauty Systems Group (BSG). The SBS segment is a domestic and international chain of cash and carry retail stores, which offers professional beauty supplies to both salon professionals and retail customers, primarily in North America, Puerto Rico, and parts of Europe and South America. The BSG segment includes its franchise-based business Armstrong McCall, a service distributor of beauty products and supplies that offers professional beauty products directly to salons and salon professionals through its professional-only stores, e-commerce platforms and its own sales force in partially geographical territories in the United States and Canada. The firm operates approximately 4,486 company-operated stores.

Industry: Retail-Retail Stores, NEC Peers: Brilliant Earth Group, Inc. WINMARK CORP HIBBETT INC Warby Parker Inc. Leslie's, Inc. MARINEMAX INC National Vision Holdings, Inc. ODP Corp TRACTOR SUPPLY CO /DE/