Sally Beauty Holdings, Inc.
SBH · Retail-Retail Stores, NEC · 95.4M shares · -2%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$712K (gross $15M, SBC $16M)
Reference price $12.70 · est. market cap ~$1.2B — last insider sale, 2026-06-08 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B73Sally Beauty is a profitable, high-ROE specialty beauty retailer with strong margins but stagnant top-line growth.
Strengths
- High ROE (24.7%, 76.9th pct), strong gross margin (84.6th pct) and operating margin (76.9th pct)
- Net earnings +28% on cost discipline, with solid FCF and meaningful debt reduction
Risks
- Revenue essentially flat/declining (27.8th pct) amid intense, low-barrier competition and consolidation
- Elevated leverage (D/E 87.5th pct) and weak quick ratio (46.2nd pct)
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
51.6%
Operating margin
8.9%
Net margin
5.3%
Return on equity
24.7%
Return on assets
6.8%
ROIC
15.5%
Revenue growth (QoQ)
-4.2%
Net-income growth
27.7%
Debt / equity
1.1×
Net debt / EBITDA
1.7×
Interest coverage
5.1×
Current ratio
2.3×
Free cash flow
$173M
EBITDA
$428M
Tangible book value
$201M
Cash & investments
$149M
Stock comp / revenue
0.5%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-08 | Platz Marlo Michelle Cormier | Option exercise | 31K | $9.09 |
| 2026-06-08 | Platz Marlo Michelle Cormier | Option exercise | 12K | $11.78 |
| 2026-06-08 | Platz Marlo Michelle Cormier | Sell | 43K | $12.70 |
| 2026-04-21 | Cox Erin Nealy | Option exercise | 51K | — |
| 2026-01-22 | Bishop Rachel Rothe | Option exercise | 15K | — |
| 2026-01-22 | Molloy Lawrence | Option exercise | 15K | — |
| 2026-01-22 | Flur Dorlisa K | Option exercise | 15K | — |
| 2026-01-22 | BOYER JEFFREY N | Option exercise | 15K | — |
| 2025-12-11 | McIntosh Kim | Sell | 5.9K | $15.71 |
| 2025-12-01 | Sherman Scott C | Sell | 15K | $16.27 |
| 2025-11-15 | McIntosh Kim | Option exercise | 17K | — |
| 2025-11-15 | McIntosh Kim | Tax withheld | 6.3K | $14.18 |
| 2025-11-15 | Goss John Howard JR | Option exercise | 66K | — |
| 2025-11-15 | Goss John Howard JR | Tax withheld | 25K | $14.18 |
| 2025-11-15 | Sherman Scott C | Option exercise | 48K | — |
| 2025-11-15 | Sherman Scott C | Tax withheld | 18K | $14.18 |
| 2025-11-15 | Paulonis Denise | Option exercise | 362K | — |
| 2025-11-15 | Paulonis Denise | Tax withheld | 154K | $14.18 |
| 2025-11-15 | Spinks Mark Gregory | Option exercise | 66K | — |
| 2025-11-15 | Spinks Mark Gregory | Tax withheld | 25K | $14.18 |
| 2025-11-15 | Platz Marlo Michelle Cormier | Option exercise | 77K | — |
| 2025-11-15 | Platz Marlo Michelle Cormier | Tax withheld | 29K | $14.18 |
| 2025-09-04 | Rangel Max R. | Buy | 3.5K | $14.07 |
| 2025-08-13 | Perelman Debra Golding | Buy | 2.3K | $13.48 |
| 2025-08-08 | Paulonis Denise | Buy | 4.5K | $11.74 |
| 2025-08-07 | FERGUSON DIANA SUE | Buy | 2.5K | $12.02 |
| 2025-01-24 | Flur Dorlisa K | Option exercise | 15K | — |
| 2025-01-24 | Bishop Rachel Rothe | Option exercise | 15K | — |
| 2025-01-24 | Molloy Lawrence | Option exercise | 15K | — |
| 2025-01-24 | BOYER JEFFREY N | Option exercise | 15K | — |
| 2025-01-24 | Conroy James Grant | Option exercise | 12K | — |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-11 | ResultsReg FDExhibits | filing ↗ |
| 2026-04-02 | Exec/director changeExhibits | filing ↗ |
| 2026-03-17 | Exec/director change | filing ↗ |
| 2026-02-09 | ResultsReg FDExhibits | filing ↗ |
| 2026-01-26 | Shareholder vote | filing ↗ |
| 2025-11-13 | ResultsReg FDExhibits | filing ↗ |
| 2025-08-05 | ResultsReg FDExhibits | filing ↗ |
| 2025-07-09 | 5.03Exhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-11 | 2026-05-11 | 0001193125-26-215645 ↗ |
| 10-Q | 2026-05-11 | 2026-03-31 | 0001193125-26-216750 ↗ |
| 8-K | 2026-04-02 | 2026-03-30 | 0001193125-26-138926 ↗ |
| 8-K | 2026-03-17 | 2026-03-12 | 0001193125-26-109350 ↗ |
| 10-Q | 2026-02-09 | 2025-12-31 | 0001193125-26-042785 ↗ |
| 8-K | 2026-02-09 | 2026-02-09 | 0001193125-26-041889 ↗ |
| 8-K | 2026-01-26 | 2026-01-22 | 0001193125-26-022747 ↗ |
| 8-K | 2025-11-13 | 2025-11-13 | 0001193125-25-278770 ↗ |
| 10-K | 2025-11-13 | 2025-09-30 | 0001193125-25-280122 ↗ |
| 10-Q | 2025-08-05 | 2025-06-30 | 0000950170-25-103040 ↗ |
| 8-K | 2025-08-05 | 2025-08-05 | 0001193125-25-173016 ↗ |
| 8-K | 2025-07-09 | 2025-07-02 | 0000950170-25-094706 ↗ |