SBH NYSE
Sally Beauty Holdings, Inc.
1W: +6.0%
1M: +1.5%
3M: +12.7%
YTD: +20.4%
1Y: +15.8%
3Y: +117.2%
5Y: +7.4%
$17.18
-0.25 (-1.43%)
After Hours: $17.38 (+0.20, +1.14%)
Weekly Expected Move ±6.2%
$15
$16
$17
$18
$20
Credit Risk of going bust: higher than 56% of companies Debt: 48.2% of company value Bonds: $73.3M held by 95 funds, 184 bp over Treasuries → details ▾
Of US companies ranked in the middle of the pack, about 1 in 580 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $0.67 (down 96%), Sally Beauty Holdings, Inc. would be worth roughly what it owes.
Total debt $1.52B against a stock market value of $1.63B.
Distance to default 4.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $405.8M (short-term plus half of long-term), stock volatility 42.6%; Altman Z'' 3.96. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $0.67 (down 96%), Sally Beauty Holdings, Inc. would be worth roughly what it owes.
Total debt $1.52B against a stock market value of $1.63B.
Distance to default 4.62 (Merton model): prices to 2026-10-26, balance sheet 2026-06-30, debt counted $405.8M (short-term plus half of long-term), stock volatility 42.6%; Altman Z'' 3.96. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$275M
+11.5% ▲
5Y CAGR: -8.4%
Capital Expenditures
$102M
-1.0% ▼
5Y CAGR: -1.6%
Free Cash Flow
$173M
+18.8% ▲
5Y CAGR: -11.4%
Dividends Paid
$0
+0.0% ▲
Buybacks
$54M
+10.6% ▲
Net Change in Cash
$41M
+373.9% ▲
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $240M | $184M | $185M | $153M | $196M |
| Depreciation & Amort. | $102M | $100M | $102M | $110M | $100M |
| Stock-Based Comp. | $12M | $10M | $16M | $17M | $19M |
| Change in Working Capital | $27M | -$164M | -$72M | -$39M | -$9M |
| Other Non-Cash Items | $9M | $45M | $8M | $7M | -$19M |
| Operating Cash Flow | $382M | $156M | $249M | $247M | $275M |
| — Investing Activities — | |||||
| Capital Expenditures | -$74M | -$99M | -$91M | -$101M | -$102M |
| Acquisitions (Net) | -$2M | -$3M | -$9M | -$8M | $287K |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | $235K | $0 | $0 | $0 | $44M |
| Investing Cash Flow | -$76M | -$102M | -$100M | -$109M | -$58M |
| — Financing Activities — | |||||
| Net Debt Issuance | -$422M | -$250M | -$81M | -$84M | -$119M |
| Stock Repurchased | $0 | -$130M | -$15M | -$60M | -$54M |
| Dividends Paid | $0 | $0 | $0 | $0 | $0 |
| Other Financing | $2M | $7M | -$4M | -$9M | -$5M |
| Financing Cash Flow | -$420M | -$374M | -$101M | -$154M | -$178M |
| Net Change in Cash | -$113M | -$330M | $52M | -$15M | $41M |
| Cash End of Period | $401M | $71M | $123M | $108M | $149M |
| Free Cash Flow | $308M | $57M | $159M | $145M | $173M |