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Sally Beauty Holdings, Inc. key statistics and ratios

In fiscal 2025, Sally Beauty Holdings, Inc. had return on equity of 27.5% and a net margin of 5.3%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Sept 20092010Sept 20102011Sept 20112012Sept 20122013Sept 20132014Sept 20142015Sept 20152016Sept 20162017Sept 20172018Sept 20182019Sept 20192020Sept 20202021Sept 20212022Sept 20222023Sept 20232024Sept 20242025Sept 2025LTMJun 2026
Net margin3.8%4.9%6.5%6.6%7.2%6.6%6.1%5.6%5.5%6.6%7.0%5.3%6.2%4.8%5.0%4.1%5.3%5.2%
Return on equity————————————162.0%63.9%46.0%27.0%27.5%23.1%
Return on assets6.6%9.3%12.9%12.3%13.1%12.5%11.5%10.6%10.3%12.3%12.9%7.4%8.4%6.8%7.0%5.6%6.9%6.7%
Effective tax rate39.9%36.9%36.4%35.4%36.7%37.0%37.9%37.0%37.8%21.4%25.0%29.2%26.2%24.8%26.8%25.6%25.6%25.1%
SG&A as % of revenue34.1%34.7%33.2%33.5%33.2%33.9%34.2%37.1%37.2%37.7%37.5%41.1%39.5%40.7%41.7%43.3%42.8%43.7%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

4 of 7 checks passed · June 30, 2026
What it owns · $2.9bn
Short-term assets $1.3bnLonger-term assets $1.6bn
What it owes, and who funded it · $2.9bn
Short-term liabilities $554mLonger-term liabilities $1.5bnShareholders' equity $871m
  • Short-term assets cover short-term liabilities $1.3bn of assets due within a year against $554m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $1.3bn short-term assets against $1.5bn of longer-dated liabilities.
  • More cash than debt $173m of cash against $815m of debt.
  • Debt below 40% of shareholders' equity Debt is 94% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 495% to 94% over five years.
  • A year's operating cash flow covers at least 20% of debt $368m of operating cash flow against $815m of debt.
  • Operating profit covers interest at least five times over Operating income of $314m against $59m of interest.

From Sally Beauty Holdings, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

72 /100

Strong moat

How hard Sally Beauty Holdings's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 16 / 20

    Cash operating profit has been a median 12.2% of total assets over 10 years.

  • Pricing power 17 / 20

    Gross margin has been a median 50.4%, moving by 1.0 percentage points (standard deviation) across 10 years.

  • Durability 12 / 20

    Operating margin has been a median 9.8%; its worst year was 7.2%.

  • Cash conversion 13 / 20

    Free cash flow was positive in 10 of 10 years, at a median 5.4% of revenue.

  • Discipline 20 / 20

    The diluted share count fell 12.2% over five years; stock-based pay has been a median 0.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (78 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: MNSO vs SBHFIVE vs SBHSBH vs WOOF

More: Other Specialty Retail stocks compared, Consumer Discretionary sector, rankings of US companies

Figures from Sally Beauty Holdings, Inc.'s SEC filings (10-K and 10-Q), retrieved October 26, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Sally Beauty Holdings, Inc.